利福中国2023 年报

ContentsContents目錄目錄 01Corporate Profile02Corporate Information04Chairman’s Statement06Management Discussion andAnalysis18Environmental, Social andGovernance Report44Corporate Governance Report59Profile of Directors61Directors’ Report70Independent Auditor’s Report 77Consolidated Statement ofProfit or Loss and OtherComprehensive Income78Consolidated Statement ofFinancial Position80Consolidated Statement ofChanges in Equity81Consolidated Statement ofCash Flows83Notes to the ConsolidatedFinancial Statements155Five-Year Group FinancialSummary156Particulars of Major Property Lifestyle China Group Limited (“Lifestyle China” or together with itssubsidiaries, the “Group”) is an established retail venue operator basedin the PRC. The Group operates two “Fashionable Lifestyle” departmentstores under the Jiuguang brand in Shanghai and Suzhou respectively aswell as a commercial complex with a gross floor area of 350,000 square meters. Targeting the mid-range to upper-end consumer market in China, the Group stands outwith its appealing product and brand portfolios and top-notch one-stop shoppingexperiences. The Group is committed to optimising its product mix and enhancing itscustomer services by organizing promotion activities offering rich consumption scenarios withan aim to satisfy the diverse needs of local consumers in terms of shopping, leisure andlifestyle. In addition to operating its own retailing venues, the Group has been maintaining a strategic equityinterest in the Beiren Group, a leading retailing group based in Shijiazhuang, Hebei Province, PRC.The business activities of the Beiren Group cover department stores, supermarkets, electricalappliances stores, gold and jewelry shops and outlet malls. The business performance of the BeirenGroup and the share of its results by the Group is significant to the Group. 35 InformationInformation企業資料企業資料 Board of Directors Executive Directors Mr. Lau Luen Hung, Thomas(Chairman and Chief Executive Officer)Mr. Lau Kam SenMs. Lau Kam Shim Non-executive Director Ms. Chan Chor Ling, Amy Independent Non-executive Directors � Ms. Cheung Mei HanMr. Cheung Yuet Man, RaymondMr. Lam Kwong Wai Company Secretary Mr. Poon Fuk Chuen Audit Committee 悅 Mr. Lam Kwong Wai (Chairman)Ms. Cheung Mei HanMr. Cheung Yuet Man, Raymond Remuneration Committee 悅 Mr. Lau Luen Hung, ThomasMr. Lam Kwong Wai (Chairman)Ms. Cheung Mei HanMr. Cheung Yuet Man, Raymond Nomination Committee 悅 Mr. Lau Luen Hung, Thomas (Chairman)Ms. Cheung Mei HanMr. Cheung Yuet Man, RaymondMr. Lam Kwong Wai Registered Office Cricket SquareHutchins Drive, P.O. Box 2681Grand Cayman KY1-1111Cayman Islands Cricket SquareHutchins Drive, P.O. Box 2681Grand Cayman KY1-1111Cayman Islands Head Office and Principal Placeof Business in Hong Kong 55520 20th Floor, East Point Centre555 Hennessy RoadCauseway Bay, Hong Kong Principal Bankers Agricultural Bank of ChinaIndustrial and Commercial Bank of ChinaBank of China (Hong Kong) Limited Auditor PricewaterhouseCoopersCertified Public Accountants andRegistered Public Interest Entity Auditor Hong Kong Share Registrar andTransfer Office 183171712–1716 Computershare Hong Kong Investor Services LimitedShops 1712–1716, 17th Floor, Hopewell Centre183 Queen’s Road East, Wanchai, Hong Kong Cayman Islands Share Registrar andTransfer Office Suntera (Cayman) LimitedSuite 3204, Unit 2A, Block 3, Building DP.O. Box 1586, Gardenia Court, Camana BayGrand Cayman, KY1-1100, Cayman Islands Suntera (Cayman) LimitedSuite 3204, Unit 2A, Block 3, Building DP.O. Box 1586, Gardenia Court, Camana BayGrand Cayman, KY1-1100, Cayman Islands Share Information 21365000.8212.01* Place of listing: The Stock Exchange of Hong Kong LimitedStock code: 2136Board lot: 500 sharesFinancial year end: 31 DecemberClosing share price at 31 December 2023: HK$0.82Market capitalisation at 31 December 2023: HK$1,201 million* Website www.lifestylechina.com.hk www.lifestylechina.com.hk * 主席報告主席報告 Lau Luen H ung, T homasChairman In 2023, with epidemic prevention and control measures lifted, socialactivities resumed in China. The Central Government’s continuedmonetary easing policies further encourage investment and consumption.The Chinese Mainland economy started to pick up and trend positive, withthe growth being more apparent in the first half year as suppressedconsumption desire rapidly being released, resulting in a substantialgrowth in retail sales. However, the complex international environment andweak mainland real estate sector added uncertainty to the country’seconomic outlook. As the recovery started to slow down in the second halfof the year, the full year economy saw a slow start, peaked mid-year thenplateaued the rest of the year. — Coping with a complex and ever-changing operating environment, theGroup actively mounted promotional programs and organized specialmarketing activities, improved the shopping environment of its stores,integrated online and offline retail busines