燕之屋2023年度报告

廈門燕之屋燕窩產業股份有限公司Xiamen Yan Palace Bird's Nest Industry Co., Ltd. A Koint stock company incorporated in tIe Peoples RepuClic oG CIina XitI limited liaCility€׵ʕശɛ͏΍ձ਷ൗ̅ϓٰͭٙ ΅Ϟࠢʮ̡ Stock Code:1497股份代號 Annual Report2023年度報告 CONTENTS 107ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT142INDEPENDENT AUDITOR’S REPORT154CONSOLIDATED STATEMENT OF PROFIT OR LOSS ANDOTHER COMPREHENSIVE INCOME155CONSOLIDATED STATEMENT OF FINANCIAL POSITION157CONSOLIDATED STATEMENT OF CHANGES IN EQUITY159CONSOLIDATED CASH FLOW STATEMENT161NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS257DEFINITION 2CORPORATE INFORMATION 8RESULTS HIGHLIGHTS AND FINANCIAL SUMMARY 81REPORT OF THE SUPERVISORS CORPORATE INFORMATION BOARD OF DIRECTORS Executive Directors Mr. HUANG Jian(Chairman)Mr. ZHENG WenbinMr. LI YouquanMs. HUANG Danyan Non-executive Directors Mr. LIU ZhenMr. WANG Yalong Independent Non-executive Directors Mr. XIAO WeiMr. CHEN AihuaMr. LAM Yiu Por Supervisors Mr. ZHENG FengMs. WEI WeiMs. ZHANG Ning AUDIT COMMITTEE Mr. CHEN Aihua(Chairman)Mr. XIAO WeiMr. LAM Yiu Por REMUNERATION AND APPRAISAL COMMITTEE Mr. XIAO Wei(Chairman)Mr. LI YouquanMr. CHEN Aihua NOMINATION COMMITTEE Mr. HUANG Jian(Chairman)Mr. XIAO WeiMr. CHEN Aihua STRATEGY COMMITTEE Mr. HUANG Jian(Chairman)Mr. ZHENG WenbinMr. LAM Yiu Por JOINT COMPANY SECRETARIES Ms. XIONG TingMs. LEUNG Kwan Wai H H SHARE REGISTRAR 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt Road, Hong Kong AUTHORIZED REPRESENTATIVES Mr. HUANG JianMs. XIONG Ting AUDITOR 108 KPMGCertified Public AccountantsPublic Interest Entity Auditor registered in accordance withthe Accounting and Financial Reporting Council Ordinance8th Floor, Prince’s Building10 Chater RoadCentral, Hong Kong REGISTERED OFFICE IN THE PRC 31023301 Unit 4, Unit 102No. 3, Xiangming RoadXiamen Torch High-tech Zone (Xiang’an)Industrial ZoneXiamen City, Fujian Province, the PRC(The registered address of the Company is proposed to be amended as“Unit 1, Unit 301, No. 3, Xiangming Road, Xiamen Torch High-tech Zone(Xiang’an), Industrial Zone”, subject to the approval of Shareholders at theAGM) CORPORATE INFORMATION HEADQUARTERS AND PRINCIPAL PLACE OFBUSINESS IN THE PRC 18822 22/F, Caizihui No. 188, Qianpu RoadSiming DistrictXiamen City, Fujian Province, the PRC PRINCIPAL PLACE OF BUSINESS IN HONG KONG 3485 5/F, Manulife Place348 Kwun Tong RoadKowloon, Hong Kong PRINCIPAL BANK Xiamen Bank Co., Ltd. (Lianqian Branch) HONG KONG LEGAL ADVISER •••1151509 Wilson Sonsini Goodrich & RosatiSuite 1509, 15/F, Jardine House1 Connaught Place, CentralHong Kong http://www.yanzhiwu.com COMPANY’S WEBSITEhttp://www.yanzhiwu.com STOCK SHORT NAMEYAN PALACE 1497 STOCK CODE 1497 DEAR SHAREHOLDERS, 5 A new year begins with all things coming to life. In 2023, the beauty andwellness industry witnessed a thriving trend, with all Chinese people exertingconcerted efforts to recover the economy and boost development and anew development pattern forming in the country. China has broad culturalfoundations and a long history of consumption of EBN. Driven by therising living standards and the growing health awareness among Chineseconsumers, EBN has become a synonym for the pursuit of beauty, wellnessand pleasure among many Chinese consumers. Oriented to consumers’needs for beauty and wellness, Yan Palace proposed a five-year developmentstrategy in 2023. To execute this strategy, we will stay committed to basingour development on EBN and cultivate our presence in the beauty andwellness industry; from scientific research on EBN to raw material selection,from product research and development to process iteration, and fromchannel building to member services, we will continue to seek breakthroughsand innovation through our huge retail network and the pragmatism anddiligence of our talents, thus seeking progress while maintaining stabilityand our leadership position in the ever-changing environment; we will drivethe Company forward steadily with clear strategic objectives and rigorousscientific strategies and initiatives. LEADING THE GLOBAL BIRD’S NEST INDUSTRY ANDPROMOTING THE HIGHQUALITY DEVELOPMENT OFOUR BRAND KOL/KOCKOS Holding that the continual high-quality growth of a brand is driven byinnovation, we bring consumers high-quality products and constantlyenhance our emotional value to consumers by leveraging technologyinnovation, product innovation, service innovation, etc. By increasing people’sawareness and the exposure of our brand via social media interactions,we create a professional, unique and premium brand image which deeplyimpresses consumers and cement the leading position of Yan Palace in theglobal bird’s nest industry. Step by step, we have built a comprehensivemarketing communications matrix. In particular, we have establishedplatforms for communications matrices on recognized media, social mediaand vertical media and collaborated with research scientists, experts, andkey opinion lea