燕之屋2024中期报告

廈門燕之屋燕窩產業股份有限公司Xiamen Yan Palace Bird's Nest Industry Co., Ltd. " 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 Interim Report2024中期報告 CONTENTS 42CONSOLIDATED STATEMENT OF FINANCIAL POSITION44CONSOLIDATED STATEMENT OF CHANGES IN EQUITY46CONDENSED CONSOLIDATED CASH FLOW STATEMENT47NOTES TO THE UNAUDITED INTERIM FINANCIAL REPORT74DEFINITION 2CORPORATE INFORMATION 5RESULTS HIGHLIGHTS 6MANAGEMENT DISCUSSION AND ANALYSIS 18CORPORATE GOVERNANCE AND OTHER INFORMATION 39REVIEW REPORT OF THE AUDITORS 41CONSOLIDATED STATEMENT OF PROFIT OR LOSS ANDOTHER COMPREHENSIVE INCOME 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 3301 Unit 1, Unit 301No.3, Xiangming RoadXiamen Torch High-tech Zone (Xiang’an)Industrial ZoneXiamen City, Fujian Province, the PRC 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 COMPLIANCE ADVISOR 993636010711-13 Ping An of China Capital (Hong Kong) Company LimitedUnits 360107 & 11-13, 36/FThe Center99 Queen’s Road CentralHong Kong http://www.yanzhiwu.com COMPANY’S WEBSITE http://www.yanzhiwu.com LISTING DATEDecember 12, 2023 STOCK CODE RESULTS SUMMARY •951.2011.36%1,059.30 •Our revenue increased by 11.36% from RMB951.20 million for the sixmonth ended June 30, 2023 to RMB1,059.30 million for the six monthsended June 30, 2024. •Our gross profit increased by 5.41% from RMB487.43 million for sixmonth ended June 30, 2023 to RMB513.80 million for the six monthsended June 30, 2024. •487.435.41%513.80 •107.3744.07%60.05 •Our net profit decreased by 44.07% from RMB107.37 million for sixmonth ended June 30, 2023 to RMB60.05 million for the six monthsended June 30, 2024. MANAGEMENT DISCUSSION AND ANALYSIS BUSINESS REVIEW 61.75 . 0 %3.7%0.1% According to the data released by the National Bureau of Statistics, in the firsthalf of 2024, China’s gross domestic product amounted to RMB61.7 trillion,up 5.0% year-on-year, with the economy running steadily and maintaininga long-term positive fundamental outlook. In particular, total retail sales ofconsumer goods increased by 3.7% year-on-year, and the national consumerprice index rose by 0.1% year on year, with domestic demand continuing torecover. 1 1.Branding In January 2024, Gong Li () became the global brand ambassadorof the Company to create a high-quality brand image and sublimatethe brand personality, and in May 2024, Wang YiBo () wasofficially announced as the global brand ambassador of the Companyto promote brand rejuvenation and continue to enhance brand vitality.The two-star endorsement, adhering to the brand concept of “Born withLove, Nourish with Love”, releases the brand’s innovative power andexplosive power with a new image, uplifts the impact of the corporatebrand, redefines the brand’s new image through the strategy of brandrejuvenation, meets the needs of young consumers, and continues toenhance the brand vitality. At the same time, Yan Palace actively carried out co-branding activities,exploring EBN products innovation and cross-border cooperation.During the first half of 2024, the Company joined hands with Michelintwo-star chef Huang Jinghui’s team to hold a banquet for Chineseand French celebrities, with LU STYLE and Blancpain to create an art-night banquet called “Dream in the Deserted Garden”, and cooperatedwith Conrad Xiamen to offer EBN-featured afternoon tea sets and thecountry’s first high-end EBN menu which leads the Chinese nourishmentnew fas