佳华百货控股中期报告 2023

Contents目錄 Corporate Information公司資料 00602 STOCK CODE00602 Cricket Square Hutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands REGISTERED OFFICECricket Square Hutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands HEAD OFFICE AND PRINCIPALPLACE OF BUSINESSIN HONG KONGSuite 715, 7th Floor 57715 Ocean Centre, Harbour City5 Canton RoadTsimshatsuiKowloonHong Kong HEAD OFFICE AND PRINCIPALPLACE OF BUSINESSIN THE PRC4/F 4 Jiahua Ming YuanXinhu RoadBao’an Central DistrictShenzhenThe PRC www.szbjh.com COMPANY’S WEBSITEwww.szbjh.com 11125 AUDITORBDO LimitedCertified Public Accountants25th FloorWing On Centre111 Connaught Road CentralHong Kong AUTHORISED REPRESENTATIVESMr. Zhuang Lu Kun Mr. Ho Yuet Lee, Leo Corporate Information公司資料 126 LEGAL ADVISERS TO THE COMPANYAs to Hong Kong law Woo Kwan Lee & Lo26th Floor, Jardine House1 Connaught PlaceCentralHong Kong Conyers Dill & PearmanCricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands As to Cayman Islands lawConyers Dill & PearmanCricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands 412–415 As to PRC lawGuangdong Pinfang Law Firm Room 412–415Huaye Building Longjin RoadBao’an Second DistrictShenzhenThe PRC PRINCIPAL SHARE REGISTRARAND TRANSFER OFFICESuntera (Cayman) Limited Suntera (Cayman) LimitedSuite 3204, Unit 2ABlock 3, Building DP.O. Box 1586Gardenia CourtCamana BayKY1-1100Cayman Islands Suite 3204, Unit 2ABlock 3, Building DP.O. Box 1586Gardenia CourtCamana BayKY1-1100Cayman Islands BRANCH SHARE REGISTRARAND TRANSFER OFFICE INHONG KONGTricor Investor Services Limited 1617 17/F, Far East Finance Centre16 Harcourt RoadHong Kong Chairman’s Statement董事長報告 Dear Shareholders, In the first half of 2023, the world economy showed initialsigns of recovery. However, problems such as inflationand financial instability still plague the global economy.In the first half of the year, China’s economy showeda steady recovery, with market demand graduallyrecovering and production and supply continuing toincrease, promoting high-quality economic development.However, since the second quarter, the growth rateof some monthly economic indicators has declined,implying that the global economy is still facing uncertaintyand challenges. After the outbreak of pandemic, many countries adoptedmonetary and fiscal stimulus measures, which promotedthe short-term recovery of some economies. However,whether this recovery momentum can be sustained isan important question facing the global economy. Theglobal economy is expected to continue recovering asvaccination coverage improves and some restrictionsare gradually eased. However, the sustainability of therecovery is affected by the global pandemic preventionand control situation and mutated viruses, which mayalso lead to volatility in the recovery process. Chairman’s Statement董事長報告 In the first half of 2023, some developed economiesand regions achieved good economic growth, but theeconomic recovery process in some developing countriesand regions was relatively slow. This shows that thereare obvious differences in the speed and extent ofglobal economic recovery. There are many reasons forthis difference, including the level of pandemic control,flexibility of policy response, industrial structure, etc.Despite some signs of recovery in the first half of 2023,inflation remains an important challenge for the globaleconomy. Inflation rates remain high in some countries,putting pressure on consumers and businesses. In thiscase, governments need to seek an appropriate balancebetween monetary and fiscal policies to prevent therisk of inflation. At the same time, financial instability isanother major risk to the global economy. Volatility in theglobal financial market may cause further setbacks forthe global economy, requiring strengthening of financialsupervision and risk prevention and control. Due to factors such as the global pandemic andgeopolitics, the uncertainty of the global economicdirection remains high. International trade disputes,geopolitical conflicts, energy price fluctuations and otherfactors may have an impact on the global economy.Governments and businesses around the world need tobe prepared to respond to uncertainty and build a moreflexible and adaptable economic system. Chairman’s Statement董事長報告 In the first half of 2023, governments of various countriesadopted different economic policies in response to thepandemic and promoting economic recovery. First,monetary policy has become an important means ofeconomic regulation on a global scale. Under the impactof the pandemic, central banks in many countries haveadopted loose monetary policies to stimulate economicrecovery by lowering interest rates and providingliquidity. However, as inflation rises, some countrieshave begun to tighten monetary policy to prevent furtherrises in inflation. The adjustment of monetary policy willhave an impact on the borrowing costs, investmentwillingness