旷世控股二零二三年中期报告

CONTENTS目錄 04Definition釋義06Corporate information公司資料08Management discussion and analysis管理層討論與分析15Corporate governance report企業管治報告16Other information其他資料20Interim condensed consolidated statement of comprehensive income中期簡明綜合全面收益表22Interim condensed consolidated statement of financial position中期簡明綜合財務狀況表24Interim condensed consolidated statement of changes in equity中期簡明綜合權益變動表25Interim condensed consolidated statement of cash flows中期簡明綜合現金流量表27Notes to the interim condensed consolidated financial statements中期簡明綜合財務報表附註 BOARD OF DIRECTORS Executive directorsMr. JIN Jianxin (Chairman)Mr. TIAN Dong Non-executive directorMr. SHAO Patrick Independent non-executive directorsMr. LAI Chun YuMs. XU QiongMr. ZHOU Kai COMPANY SECRETARY Mr. LAU Chung Wai (FCPA (Practising)) AUDIT COMMITTEE Mr. LAI Chun Yu (Chairman)Mr. SHAO PatrickMr. ZHOU Kai REMUNERATION COMMITTEE Mr. ZHOU Kai (Chairman)Mr. JIN JianxinMr. LAI Chun Yu NOMINATION COMMITTEE Ms. XU Qiong (Chairlady)Mr. JIN JianxinMr. LAI Chun Yu AUTHORISED REPRESENTATIVES (for the purpose of the Listing Rules)Mr. LAU Chung WaiMr. TIAN Dong EXTERNAL AUDITOR 22 PricewaterhouseCoopersCertified Public AccountantsRegistered Public Interest Entity Auditor22nd FloorPrince’s BuildingCentral, Hong Kong 06KWUNG’S HOLDINGS LIMITEDInterim Report 2023 REGISTERED OFFICE 89 Nexus WayCamana BayGrand CaymanKY1-9009Cayman Islands 89 Nexus WayCamana BayGrand CaymanKY1-9009Cayman Islands PRINCIPAL PLACE OF BUSINESS INHONG KONG 84111102 Unit 1102, 11th Floor, Brill PlazaNo. 84 To Kwa Wan RoadTo Kwa Wan, KowloonHong Kong HEAD OFFICE AND PRINCIPAL PLACE OFBUSINESS IN THE PRC 827 827 Qixiang RoadNingbo City, Zhejiang ProvincePRC PRINCIPAL SHARE REGISTRAR Ogier Global (Cayman) Limited89 Nexus WayCamana BayGrand CaymanKY1-9009Cayman Islands Ogier Global (Cayman) Limited89 Nexus WayCamana BayGrand CaymanKY1-9009Cayman Islands HONG KONG SHARE REGISTRAR 1617 Tricor Investor Services Limited17th Floor, Far East Finance CentreNo. 16 Harcourt RoadHong Kong STOCK CODE 1925 1925 WEBSITE http://www.kwungs.com(information on the website does not form part of this interim report) http://www.kwungs.com BUSINESS REVIEW AND RECENTDEVELOPMENT The Group provides solutions to customers on design and manufactureof home decoration products and home fragrance products, comprisingcore products such as home fragrance candles and home fragrancediffusers, which are considered to be widely used in people’s daily life. 20201.9 The Group has set up a production plant in Yinzhou District, NingboCity, Zhejiang Province, the PRC (the“New Yinzhou Plant”), whichhas started operating since 2020. The New Yinzhou Plant has beenequipped with more advanced and automated production equipmentand better logistics solution. The Group further enhanced its productionefficiency by implementing“Informatisation”on the supply chain andproduction cycle, which has been recognised by the Group’s customeras the production time can be further shortened. There was a spendingof approximately RMB1.9 million for the“Informatisation”project,which is considered as an investment for a long term development,bringing a better reward to the Group in long run. 2022896,0002023187,0001802024 In addition to the New Yinzhou Plant, the Group has also taken asignificant step to establish a new comprehensive production base inWuhu City, Anhui Province, the PRC. Following the acquisition of apiece of land located at the Sanshan Economic Development Zone* () with a total site area of approximately 96,000 sq.m. (the“Land”) in August 2022, the Group has also entered into a constructionagreement in January 2023 for design and construction of productionfacilities, including warehouses, workshop buildings and staff quarters,with a construction area of approximately 87,000 sq.m. on the Land.The total consideration for this new production base is estimated tobe more than RMB180 million and the production is expected to bereleased in the first half of 2024. COVID-19 While the Group has contributed financial resources to the productionbases for the long-term development of the business, there has alsobeen continuing efforts on the sales channels. The sales teams of theGroup has been working hard to reconnect to existing customersand explore new customers in the post COVID-19 era. The Group issuccessful in maintaining the existing customer base and receivingpurchase orders from some new customers. It is believed that theGroup will have a broader customer based in the foreseeable future. FINANCIAL REVIEW Revenue 2023630 The Group’s revenue mainly arises from the sales of the Group’s candlesproducts, home fragrance products and home accessories, and tradingof wax during the six months ended 30 June 2023. 2022630364.762.717.2%2023630302.12023202362023630 There is a drop in revenue of approximately RMB62.7 million orapproximately 17.2% to approximately RMB302.1 million for the sixmonths ended 30 June 2023 from approximately RM