老恒和酿造二零二三年中期报告

: 2226Stock code)()Incorporated in the Cayman Islands with limited liability( 2023Interim Report For identification purposes only 目錄CONTENTS 公司資料2Corporate Information管理層討論與分析5Management Discussion and Analysis補充資料21Supplementary Information簡明綜合中期損益及其他全面收益表30Condensed Consolidated Interim Statement of Profit or Loss andOther Comprehensive Income簡明綜合中期財務狀況表31Condensed Consolidated Interim Statement of Financial Position簡明綜合中期權益變動表33Condensed Consolidated Interim Statement of Changes in Equity簡明綜合中期現金流量表34Condensed Consolidated Interim Statement of Cash Flows簡明綜合中期財務資料附註36Notes to the Condensed Consolidated Interim Financial Information CORPORATE INFORMATION公司資料 BOARD OF DIRECTORS Executive DirectorsMr. Chen WeiMr. Liu Jianbin Non-executive DirectorMr. Wu Hongping Independent Non-executive Directors Mr. Shen ZhenchangMr. Ng Wing FaiMr. Sun Jiong COMPANY SECRETARYMr. Au Wai Keung AUTHORISED REPRESENTATIVESMr. Au Wai KeungMr. Liu Jianbin AUDIT COMMITTEE Mr. Ng Wing Fai(Chairman)Mr. Sun JiongMr. Shen ZhenchangMr. Wu Hongping REMUNERATION COMMITTEE Mr. Shen Zhenchang(Chairman)Mr. Ng Wing FaiMr. Sun Jiong CORPORATE INFORMATION公司資料 NOMINATION COMMITTEE Mr. Sun Jiong(Chairman)Mr. Ng Wing FaiMr. Shen Zhenchang AUDITORS Grant Thornton Hong Kong LimitedCertified Public Accountants11th Floor, Lee Garden Two28 Yun Ping RoadCauseway BayHong Kong 2811 REGISTERED OFFICE Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands HEADQUARTERS AND PRINCIPALPLACE OF BUSINESS IN THE PRC Balidian TownFood and Industrial ParkWuxing District, Huzhou CityZhejiang 313000, PRC 313000 PRINCIPAL PLACE OF BUSINESS INHONG KONG Room A5, 7/FChina United Plaza1008 Tai Nan West StreetKowloon, Hong Kong 10087A5 CORPORATE INFORMATION公司資料 PRINCIPAL BANKERS 583587589 Industrial and Commercial Bank of China LimitedZhili BranchNo. 583, 587, 589 Zhenbei RoadZhili TownHuzhou City, Zhejiang ProvincePRC Bank of China LimitedHuzhou BranchNo. 208, Renmin RoadHuzhou City, Zhejiang ProvincePRC 208 88 Agricultural Bank of China LimitedHuzhou BranchNo. 88, Renmin RoadHuzhou City, Zhejiang ProvincePRC LEGAL ADVISER AS TO HONG KONGLAW DeHeng Law Offices (Hong Kong) LLP28/F, Henley Building5 Queen’s Road CentralCentral, Hong Kong 528 PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE Conyers Trust Company (Cayman) LimitedCricket Square, Hutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands Conyers Trust Company (Cayman) LimitedCricket Square, Hutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands HONG KONG SHARE REGISTRAR Computershare Hong Kong Investor Services LimitedShops 1712–171617/F, Hopewell Centre183 Queen’s Road EastWanchaiHong Kong 183171712–1716 STOCK CODEStock code: 2226 2226 WEBSITEhttp://www.hzlaohenghe.com http://www.hzlaohenghe.com MANAGEMENT DISCUSSION AND ANALYSIS管理層討論與分析 BUSINESS REVIEW We are one of the leading manufacturers of condiment products in thePeople’s Republic of China (the “PRC” or “China”). We offer high qualityand healthy brewed cooking wine as well as other condiments, includingnaturally-brewed soy sauce, naturally-brewed vinegar, soybean paste,sesame oil and fermented bean curd. In the first half of 2023, we attainedthe following achievements: 1.We were jointly entitled by the Ministry of Agriculture and Rural Affairsof the People’s Republic of China, National Development and ReformCommission and other departments as the “National-level DragonHead Leading Agricultural Enterprise()”; 2.Our 500ml Five-year brewed Lao Heng He cooking wine wasrecognized as “Zhejiang Province Famous, Special and ExcellentF o o d()” b y t h e Z h e j i a n g F o o d I n d u s t r yOrganization()and included in the Catalogue ofChinese Characteristic and Flavourful Food Marked Products(); 500ml 3.Our product, the king of Huadiao cooking wine()wasawarded the title of 2023 Cereal-based Brew Cooking Wine FlavorAward (2023)at the 18th China InternationalAlcoholic Drinks Expo & the 2023 Brewed Cooking Wine Evaluation;and 20232023 4.Our product, Lao Heng He cooking wine()was awardedthe title of “2022 Best-selling Cooking Wine (2022)” byFMCG Weekly()for offline sales in 2022. During theinterim period of 2023, the market share of the Group’s offline saleswas 18.6%, being the industry leader for six consecutive years. 202218.6% MANAGEMENT DISCUSSION AND ANALYSIS管理層討論與分析 In the first half of 2023, despite full relaxation of the national epidemiccontrol measures, the economy was not recovering as expected. Underthe influence of various factors including global economic recession,inflation, fiscal crisis and intensified trade wars, purchasing power continuedto decline. Meanwhile, the condiment industry is affected by various factorssuch as rising raw material costs, intensifying competition, weakconsumption, the outlook of entire condiment market tends to bepessimistic, and the growth in busines