常达控股二零二三年中期报告

INTERIM REPORT2023 CONTENTS目錄 2Corporate Information公司資料4Management Discussion and Analysis管理層討論及分析12Corporate Governance and Other Information企業管治及其他資料18Interim Condensed Consolidated Statement ofProfit or Loss中期簡明綜合損益表19Interim Condensed Consolidated Statement ofComprehensive Income中期簡明綜合全面收益表20Interim Condensed Consolidated Statement ofFinancial Position中期簡明綜合財務狀況表21Interim Condensed Consolidated Statement ofChanges in Equity中期簡明綜合權益變動表22Interim Condensed Consolidated Statement ofCash Flows中期簡明綜合現金流量表24Notes to Interim Condensed Consolidated FinancialInformation中期簡明綜合財務資料附註 公司資料CORPORATE INFORMATION EXECUTIVE DIRECTORS 陳醒明先生（主席）羅妙蘭女士（行政總裁）陳梓峰先生 Mr. CHAN Sing Ming Barry(Chairman)Ms. LAW Miu Lan(Chief Executive Officer)Mr. CHAN Tsz Fung INDEPENDENT NON-EXECUTIVE DIRECTORS Mr. LAM Chor Ki DickMr. LEE Tak CheongMs. LUK Mei Yan 林楚祺先生李德昌先生陸美恩女士 AUDIT COMMITTEE Ms. LUK Mei Yan(Chairman)Mr. LEE Tak CheongMr. LAM Chor Ki Dick 陸美恩女士（主席）李德昌先生林楚祺先生 REMUNERATION COMMITTEE Mr. LEE Tak Cheong(Chairman)Ms. LAW Miu LanMs. LUK Mei Yan 李德昌先生（主席）羅妙蘭女士陸美恩女士 NOMINATION COMMITTEE 陳醒明先生（主席）陳梓峰先生林楚祺先生李德昌先生陸美恩女士 Mr. CHAN Sing Ming Barry(Chairman)Mr. CHAN Tsz FungMr. LAM Chor Ki DickMr. LEE Tak CheongMs. LUK Mei Yan COMPANY SECRETARY Mr. CHAN Wai Shing Kevin 陳偉成先生 REGISTERED OFFICE Third FloorCentury YardCricket Square, P.O. Box 902Grand Cayman KY1-1103Cayman Islands Third FloorCentury YardCricket Square, P.O. Box 902Grand Cayman KY1-1103Cayman Islands PRINCIPAL PLACE OF BUSINESS IN HONG KONG 1/F, Wing Ming Industrial Centre15 Cheung Yue StreetLai Chi Kok, KowloonHong Kong 香港九龍荔枝角長裕街15號永明工業中心1樓 CORPORATE INFORMATION公司資料 PRINCIPAL BANKERS The Hongkong and Shanghai Banking Corporation LimitedLevel 10HSBC Main Building1 Queen’s Road CentralHong Kong 香港上海滙豐銀行有限公司香港皇后大道中1號滙豐總行大廈10樓 中國銀行（香港）有限公司香港花園道1號中銀大廈 Bank of China (Hong Kong) LimitedBank of China Tower1 Garden Road,Hong Kong Citibank (Hong Kong) Limited3 Garden Road, Central,Hong Kong 花旗銀行（香港）有限公司香港中環花園道3號 AUDITOR Ernst & YoungCertified Public AccountantsRegistered Public Interest Entity Auditor27/F, One Taikoo Place979 King’s RoadQuarry Bay, Hong Kong 安永會計師事務所執業會計師註冊公眾利益實體核數師香港鰂魚涌英皇道979號太古坊一座27樓 CAYMAN ISLANDS PRINCIPAL SHARE REGISTRAR Tricor Services (Cayman Islands) LimitedThird Floor, Century YardCricket Square, P.O. Box 902Grand Cayman, KY1-1103Cayman Islands Tricor Services (Cayman Islands) LimitedThird Floor, Century YardCricket Square, P.O. Box 902Grand Cayman, KY1-1103Cayman Islands HONG KONG BRANCH SHARE REGISTRAR Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong 卓佳證券登記有限公司香港夏愨道16號遠東金融中心17樓 WEBSITE http://www.cirtek.com http://www.cirtek.com INVESTOR RELATIONS E-mail: information@cirtek.com 電郵：information@cirtek.com STOCK CODE 1433 1433 管理層討論及分析MANAGEMENT DISCUSSION AND ANALYSIS REVIEW OF OPERATIONS 在2023上半年，環球經濟面臨嚴峻考驗，加上地緣政治緊張加劇、高利率及全球通脹的重重打擊下，經營環境充滿挑戰。自解除防疫限制以來，消費行業的復甦步伐滯後於經濟表現，並遜於預期。本年度上半年服裝品牌客戶持續去庫存，而大眾消費意欲及購買力仍未見恢復，服裝行業整體表現未如理想。其中，美國的消費者因加息及通脹以致在非必需品的支出大減令業內競爭於截至2023年6月30日 止 六 個 月（「」）更 趨 激烈。 I n t h e f i r s t h a l f o f 2 0 2 3 , t h e o p e r a t i n g e n v i r o n m e n t w a s f u l lo f c h a l l e n g e s d u e t o g l o b a l e c o n o m i c d i f f i c u l t i e s , i n t e n s i f y i n ggeopolitical tensions, interest rate hikes and global inflation. Sincethe lifting of the epidemic restrictions, the pace of recovery in theconsumer industry has lagged behind economic performance and hasbeen slower than expected. In the first half of the year, customersof apparel brands continued to reduce inventories, while there wereno signs of a recovery in public consumer sentiment and purchasingpower, so the overall performance of the apparel industry wasunsatisfactory. In particular, North American consumers’ spending onnon-essential goods decreased significantly due to interest rate hikesand inflation, leading to more intense competition in the industryduring the six months ended 30 June 2023 (the “Review Period”). During the Review Period, the Group was under pressure fromcustomers’ destocking, and therefore the Group’s results wereinevitably affected by such a difficult operating environment. Duringthe Review Period, the Group recorded revenue of approximatelyH K $ 1 6 0 . 3m i l l i o n ,a d e c r e a s e o f 2 4 . 7 %c o m p a r e d w i t h t h ecorresponding period last year (first half of 2022: approximatelyHK$212.8 million). Although production costs such as raw materialprices and transportation costs decreased, the Group’s gross profitmargin for the Review Period decreased to 39.3% (first half of 2022:40.5%) as wages remained high and labor costs increased. As thesales performance was affected by the macro environment and someof the Group’s new sales offices and production bases (e.g. Mexico,Turkey) were still in the investment phase, pre-operational expenseswere incurred during the Review Period, added that newly employedsales representatives were still under tr