新耀莱中期报告 2023/2024

)(Incorporated in Bermuda with limited liability於百慕達註冊成立之有限公司(Stock Code股份代號: 970) 2023/2024Interim Report中期報告 Content Page(s) Corporate Information2Financial Highlights5Management Discussion and Analysis8Condensed Consolidated Statement of Comprehensive Income37Condensed Consolidated Statement of Financial Position39Condensed Consolidated Statement of Changes in Equity41Condensed Consolidated Statement of Cash Flows43Notes to the Interim Condensed Consolidated Financial Statements44Additional Information101 Corporate Information Lam Kwok Cheong(Chairman)Choy Sze Chung, JojoZheng Hao JiangLiu Xiaoyi(retired as a member witheffect from 25 September 2023) Corporate Information Corporate Information MUFG Fund Services(Bermuda) Limited4th Floor NorthCedar House41 Cedar AvenueHamilton HM12Bermuda970www.hk970.comREGISTRAR(in Bermuda)MUFG Fund Services(Bermuda) Limited4th Floor NorthCedar House41 Cedar AvenueHamilton HM12BermudaSTOCK CODE970WEBSITEwww.hk970.com Financial Highlights FINANCIAL HIGHLIGHTS 2,123,602,00018.4%1,733,707,000 Revenuefor the six months period ended 30 September 2023decreasedby approximately 18.4%from HK$2,123,602,000 toHK$1,733,707,000 as compared with the revenue recorded in thecorresponding period last year. 337,233,000214,033,000 Gross profit for the six months period ended 30 September 2023decreased from HK$337,233,000 to HK$214,033,000. 18,813,00011,808,000 Other income, gains and losses for the six months period ended 30September 2023 were losses of HK$18,813,000 (2022: losses ofHK$11,808,000). 7,665,000 Noimpairment loss recognised on loan receivables and loaninterest receivables for the six months period ended 30 September2023 (2022: HK$7,665,000). 29.5% Selling and distribution costs for the six months period ended 30September 2023 decreased by approximately 29.5% as comparedwith the same in the corresponding period last year. 2.7% Administrativeexpenses for the six months period ended 30September 2023 increased by approximately 2.7% as comparedwith the same in the corresponding period last year. 51,747,0006,934,000 Loss attributable to owners of the Company for the six monthsperiodended 30 September 2023 was HK$51,747,000 ascomparedwith profit attributable to owners of the Company ofHK$6,934,000 recorded in the corresponding period of 2022. 15.02.0 Lossper share attributable to owners of the Company wereHK15.0 cents for the six months period ended 30 September 2023as compared with earnings per share of HK2.0 cents in the lastfinancial period. No interim dividend was declared for the six months period ended30 September 2023 (2022: nil). Financial Highlights Financial Highlights Management Discussion and Analysis PROSPECTS (IMF)IMF3%2.9% According to the forecast of the International Monetary Fund (IMF),theglobal economic growth remains slow and uneven,and theglobal economic growth is increasingly divergent as the tighteningof monetary policy begins to have a negative impact. At present,the forecast of global economic growth by IMF is 3% in 2023 and2.9% in 2024. 4.9% On 18 October this year, the National Bureau of Statistics of Chinareleased the GDP data for the third quarter of 2023, and the year-on-year growth rate was 4.9%, which was better than the marketexpectations. It showed that the economy was on a firm footingand the government’s policy of stimulating economic growth waseffective.In the fourth quarter,China’s economy will maintain apositive recovery momentum, and the economic recovery is likely tobe sufficient to meet the annual growth target of the government ofChina. China’s Luxury Goods Market Renownedinstitutions,investment banks and global researchcentrescontinuously published a number of latest analysis andresearch reports on forecasted growth of demand for luxury goodsin China. With the recovery of China’s economy and the gradualrecoveryof the global economy,the luxury goods industry isexpected to experience significant growth in 2023. Management Discussion and Analysis According to the “2023 Global Wealth Report” published by UBSin August 2023, although the per capita wealth of adult populationdecreased by 3.6% in 2022 due to the impact of high inflation,the median of global wealth increased by 3%, indicating that thespending power of high-net-worth group has not shrunk. Globally,the median of wealth grew fivefold this century, at a rate nearlytwice the growth rate of per capita wealth for adult population,mainlydue to the rapid growth of wealth in China.The reportpredicts that global wealth will grow by 38% over the next fiveyears, reaching a total of US$629 trillion by 2027. China MerchantsBankhas also published a report titled“2023 Private WealthReport of China”. According to the report, the number of high-net-worth individuals in Mainland China reached 3.16 million, with percapita investable assets of RMB31.83 million, and such individualsmainlyconcentrated in economically developed regions such asGuangdong, Shanghai, Bei