优品3602023 中期报告

CORPORATE INFORMATION BOARD OF DIRECTORS Executive directors Mr. Li Guanpeng(Chairman)Ms. Cui QianMr. Lu RongMr. Liu YunfengMr. Huang ShengchaoMs. Wang KanglinMr. Lin Tsz FungMs. Hui Ngai Fan Independent non-executive directors BBS JPBBS JPJP Mr. Sze IronsBBS JPMs. Choy So YukBBS JPMs. Chan Yuen Sau KellyJPMr. Gao WeiMr. Lee Ka Lun(Retired on 28 September 2023) COMPANY SECRETARYMr. Ko Wilson Wai Shun AUTHORISED REPRESENTATIVESMr. Li GuanpengMr. Ko Wilson Wai Shun JPBBS JPBBS JP AUDIT COMMITTEEMs. Chan Yuen Sau KellyJP (Chairman)Mr. Sze IronsBBS JPMs. Choy So YukBBS JP BBS JPBBS JP REMUNERATION COMMITTEEMr. Sze IronsBBS JP (Chairman)Ms. Choy So YukBBS JPMr. Lu Rong JP NOMINATION COMMITTEE Mr. Li Guanpeng(Chairman)Mr. Gao WeiMs. Chan Yuen Sau KellyJP REGISTERED OFFICE Cricket Square, Hutchins DriveP.O. Box 2681Grand Cayman, KY1–1111Cayman Islands Cricket Square, Hutchins DriveP.O. Box 2681Grand Cayman, KY1–1111Cayman Islands CORPORATE INFORMATION PRINCIPAL PLACE OF BUSINESS IN HONG KONG 10811 11th Floor, C-Bons International Center,No. 108 Wai Yip Street,Kowloon, Hong Kong INDEPENDENT AUDITORSHINEWING (HK) CPA LimitedCertified Public Accountants LEGAL ADVISERGallant PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE IN THE CAYMAN ISLANDS 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 BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE 18317M Computershare Hong Kong Investor Services Limited17M FloorHopewell Centre183 Queen’s Road East, WanchaiHong Kong PRINCIPAL BANKERS Hang Seng Bank LimitedStandard Chartered Bank (Hong Kong) LimitedHong Kong and Shanghai Banking Corporation LimitedBank of China LimitedChina Construction Bank (Asia) Corporation LimitedDBS Bank (Hong Kong) LimitedDah Sing Banking Group Limited 2360 STOCK CODE2360 www.bestmart360.com COMPANY WEBSITEwww.bestmart360.com MANAGEMENT DISCUSSION AND ANALYSIS 360FoodVille(i)(ii)(iii)(iv)(v)(vi)(vii)(viii)(ix) The Group is a leisure food retailer operating chain retail storesunder the brands “Best Mart 360” and “FoodVille” in HongKong, Macau and the PRC and wholesaling in Hong Kong. TheGroup offers wide selection of imported pre-packaged leisurefoods and other grocery products principally from overseas, whichcan be broadly categorised into (i) chocolates and confectioneries;(ii) nuts and dried fruits; (iii) packaged bakery products and snacks;(iv) biscuits and pastries; (v) cereals and milk; (vi) beverages andwine; (vii) rice, noodles and groceries; (viii) frozen and chilled food;and (ix) other products, such as personal care products, daily itemsand anti-epidemic products. It is the Group’s business objectiveto offer “Best Quality” and “Best Price” products to customersthrough continuous efforts on global procurement, with a missionto provide comfortable shopping environment and pleasurableshopping experience to customers. BUSINESS REVIEW 2,330302,29118.6% For the six months ended 30 September 2023 (the “Periodunder Review”), the Hong Kong and global economies entered aperiod of recovery, with the business environment and consumersentiment continuing to improve. According to the visitor arrivalstatistics released by the Hong Kong Tourism Board, visitor arrivalsfrom 1 January 2023 to 30 September 2023 reached more than23.3 million, nearly doubled as compared to the nine monthsended 30 September 2022. The Hong Kong Government continuedto issue consumption vouchers (CVS) to stimulate the retail marketduring the Period under Review. According to the Census andStatistics Department, the value of total retail sales in Hong Kongfor the first nine months of this year was provisionally estimated atHK$302,291 million as of 30 September 2023, representing a year-on-year increase of 18.6%. During the Period under Review, the Group was cautiouslyoptimistic with the recovery of the retail market. By swiftlyadjusting the product mix to cater the needs of different customergroups, the Group achieved a steady growth during the period. 1,237,781,0001,031,896,00020.0%97.9% During the six months ended 30 September 2023, the Grouprecorded a revenue of approximately HK$1,237,781,000,representing an increase of approximately 20.0% from that ofapproximately HK$1,031,896,000 for the six months ended 30September 2022 (the “Corresponding Period Last Year”).Revenue from retail stores in Hong Kong, Macau and Shenzhenaccounted for approximately 97.9% of the Group’s revenue for thePeriod under Review. MANAGEMENT DISCUSSION AND ANALYSIS The Group’s gross profit for the six months ended 30 September2023 was approximately HK$446,265,000, and gross profitmargin was approximately 36.1%, as compared with gross profitof approximately HK$364,712,000 and gross profit margin ofapproximately 35.3% for the Corresponding Period Last Year,representing a period-on-perio