超盈国际控股二零二三年中期报告

CONTENTS Best Pacific International Holdings Limited /Interim Report 2023 Corporate Information2Management Discussion and Analysis5Disclosure of Interests20Share Schemes26Corporate Governance Code and Other Information28Report on Review of Condensed ConsolidatedFinancial Statements32Condensed Consolidated Statement of Profit orLoss and Other Comprehensive Income34Condensed Consolidated Statement ofFinancial Position36Condensed Consolidated Statement ofChanges in Equity38Condensed Consolidated Statement of Cash Flows40Notes to the Condensed ConsolidatedFinancial Statements41 Corporate Information BOARD OF DIRECTORS Executive Directors Mr. Lu Yuguang(Chairman)Mr. Zhang Haitao(Chief Executive Officer)Mr. Wu ShaolunMs. Zheng Tingting(Chief Operating Officer)Mr. Chan Yiu Sing(Chief Financial Officer and Company Secretary)Mr. Lu Libin(Chief Strategy Officer) Independent non-executive Directors Mr. Cheung Yat MingMr. Ding BaoshanMr. Kuo Dah Chih, Stanford AUDIT COMMITTEE Mr. Cheung Yat Ming(Chairman)Mr. Ding BaoshanMr. Kuo Dah Chih, Stanford REMUNERATION COMMITTEE Mr. Ding Baoshan(Chairman)Mr. Zhang HaitaoMr. Cheung Yat Ming NOMINATION COMMITTEE Mr. Lu Yuguang(Chairman)Mr. Cheung Yat MingMr. Ding Baoshan AUTHORISED REPRESENTATIVES Mr. Zhang HaitaoMr. Chan Yiu Sing COMPANY SECRETARYMr. Chan Yiu Sing AUDITOR • Deloitte Touche Tohmatsu HONG KONG BRANCH SHARE REGISTRARAND TRANSFER OFFICE 1831717121716 Computershare Hong Kong Investor Services LimitedShops 1712-171617th Floor, Hopewell Centre183 Queens Road EastWanchaiHong Kong PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE IN THE CAYMANISLANDS Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DriveP.O. Box 2681Grand CaymanKY1-1111Cayman Islands Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DriveP.O. Box 2681Grand CaymanKY1-1111Cayman Islands PRINCIPAL BANKS Bank of China (Hong Kong) LimitedBank of Communications Co., Ltd., Hong Kong BranchCTBC Bank Co., Ltd.Fubon Bank (Hong Kong) LimitedHang Seng Bank LimitedStandard Chartered Bank (Hong Kong) LimitedTaishin International Bank Co., Ltd., Hong Kong BranchThe Bank of East Asia, LimitedThe Hong Kong and Shanghai BankingCorporation LimitedUnited Overseas Bank Limited, Hong Kong Branch REGISTERED OFFICE Cricket SquareHutchins DriveP.O. Box 2681Grand CaymanKY1-1111Cayman Islands Cricket SquareHutchins DriveP.O. Box 2681Grand CaymanKY1-1111Cayman Islands Corporate Information PRINCIPAL PLACE OF BUSINESS ANDHEAD OFFICE IN HONG KONG 938 38th FloorNo. 9 Wing Hong StreetLai Chi KokKowloonHong Kong www.bestpacific.com COMPANY’S WEBSITEwww.bestpacific.com 2111 Management Discussion and Analysis The board (the “Board”) of directors (the “Director(s)”) ofBest Pacific International Holdings Limited (the “Company”or “Best Pacific” or “we”) is pleased to present theunaudited condensed consolidated interim results of theCompany and its subsidiaries (collectively, the “Group”)for the six months ended 30 June 2023 (the “ReportingPeriod”). MARKET AND BUSINESS REVIEW 2,3943,06217.9%6.8% Despite the waning impacts of the 2019 novel coronavirusdisease pandemic on global activities, an array of keyelements that influenced the world’s economy in 2022,such as rising interest rates, persistent inflation, aweakened global economic condition, diminished marketsentiment and geopolitical tensions, had continued topresent significant challenges to the global businessenvironment in the first half of 2023. These challengeswere particularly pronounced for Chinese exporters whoprimarily catered to their major markets in the United Statesof America (the “U.S.”) and Europe. According to China’scustoms statistics, the total export value to the U.S. marketand Europe market (excluding Russia) during the first halfof 2023 amounted to United States Dollar (“US$”) 239.4billion and US$306.2 billion respectively, representing adecline of 17.9% and 6.8% respectively, as compared tothe corresponding period. The textile and garment sector had not been immune tothese challenges. In response to the prevailing marketuncertainties and relatively high inventories, mostinternational brand customers had opted to reduce theirexisting inventory levels and they generally turned to bemore conservative with respect to their order placementssince the second half of 2022 and such destockingprocess had continued throughout the first half of 2023,contributing to a significant decline in China’s export oftextile products. During the Reporting Period, the relevantexport value to U.S. amounted to US$8.5 billion, markinga 22.1% decrease, as compared to the correspondingperiod. 8522.1% Management Discussion and Analysis Our business was inevitably affected to a certain extentby the prevailing market conditions. During the six monthsended on 30 June 2023, our overall sales revenue andgross profit totalled HK$1,906.7 million and HK$401.0million, respectively. This represented a decline of 16.3%and 12.1%, as compared to t