香港生力啤二零二四年一月至六月中期报告

CORPORATE INFORMATION 董事會 BOARD OF DIRECTORS 主席 Chairman Ramon S. Ang(Non-executive Director) 副主席 Deputy Chairman Carlos Antonio M. Berba(Non-executive Director) 執行董事 Executive Directors Raymundo Y. Albano (resigned effective 8 March 2024)Chan Weng Kheong (appointed effective 8 March 2024) 非執行董事 Non-Executive Directors 徳 May (Michelle) W. M. ChanYoshinori InazumiKatsuhisa Nose (appointed effective 22 April 2024)Fumiaki OzawaYoshinori Tsuchiya (resigned effective 22 April 2024) 獨立非執行董事 Independent Non-Executive Directors Alonzo Q. AnchetaThelmo Luis O. CunananGBM, JPReynato S. PunoGBM, JP Alonzo Q. AnchetaThelmo Luis O. CunananDavid K.P. Li,GBM, JPReynato S. PunoSum Li, Alternate to David K. P. Li,GBM, JP 審核委員會 AUDIT COMMITTEE GBM, JPAlonzo Q. AnchetaThemo Luis O. Cunanan David K.P. Li,GBM, JP,ChairmanAlonzo Q. AnchetaThelmo Luis O. Cunanan 薪酬委員會 REMUNERATION COMMITTEE Reynato S. PunoThemo Luis O. CunananGBM, JP Reynato S. Puno,ChairmanCarlos Antonio M. BerbaThelmo Luis O. CunananRoberto N. HuangDavid K.P. Li,GBM, JP 提名委員會 NOMINATION COMMITTEE Alonzo Q. AnchetaThemo Luis O. CunananGBM, JPReynato S. Puno徳 Alonzo Q. Ancheta,ChairmanThelmo Luis O. CunananDavid K.P. Li,GBM, JPFumiaki Ozawa (appointed effective 22 April 2024)Reynato S. PunoYoshinori Tsuchiya (resigned effective 22 April 2024) 公司秘書 COMPANY SECRETARY Lo Chi Yip 1香港生力啤酒廠有限公司二零二四年一月至六月中期報告 CORPORATE INFORMATION 核數師 AUDITOR KPMGPublic Interest Entity Auditorregistered in accordance with theAccounting and Financial Reporting Council Ordinance Certified Public Accountants8th Floor, Prince’s Building10 Chater RoadCentralHong Kong 律師 SOLICITOR Gallant, Solicitors & Notaries5th Floor, Jardine House,1 Connaught Place,CentralHong Kong 註冊辦事處 REGISTERED OFFICE 9th FloorCitimark Building28 Yuen Shun CircuitSiu Lek YuenShatin, New TerritoriesHong Kong 股份過戶登記處 SHARE REGISTRAR Computershare Hong Kong Investor Services LimitedShops 1712-1716, 17th FloorHopewell Centre183 Queen’s Road EastWanchai, Hong Kong 主要往來銀行 PRINCIPAL BANKERS Agricultural Bank of China LimitedAustralia and New Zealand Banking Group LimitedBank of China (Hong Kong) LimitedBank of China LimitedChina Construction Bank (Asia) Corporation LimitedGuangdong Shunde Rural Commercial Bank Company LimitedIndustrial and Commercial Bank of China (Asia) LimitedThe Bank of East Asia (China) LimitedThe Bank of East Asia, LimitedThe Hongkong and Shanghai Banking Corporation Limited 2SAN MIGUEL BREWERY HONG KONG LTD.INTERIM REPORT January to June 2024 In this report, all monetary values are expressed in Hong Kong dollarsunless stated otherwise. CHAIRMAN’S STATEMENT To Our Shareholders, 財務業績 Financial Results 3,8505,0703,7604,850 San Miguel Brewery Hong Kong Limited (the “Company”) and itssubsidiaries (the “Group”) registered a consolidated profit of HK$38.5million in the first semester of 2024, compared to HK$50.7 million in2023. As a result, net profit attributable to equity shareholders for 2024was HK$37.6 million, compared to HK$48.5 million the previous year.The decrease in profit was due to lower export volume and lower exportmargins from South China Operations. 3.789.1%1.4015.4%36.9% The Group’s consolidated revenue was HK$378.1 million, 9.1% lowerthan in 2023. Gross profit reached HK$139.5 million, a 15.4% decreaseversus 2023, with a gross profit margin of 36.9%. 1.971.80 As of 30 June 2024, cash and cash equivalents and bank depositsamounted to HK$197.3 million (HK$180.0 million as of 31 December2023). 3603606.926.730.010.01 Loans as of 30 June 2024 was at HK$3.6 million (HK$3.6 million as of 31December 2023). Total net assets stood at HK$691.6 million (HK$672.5million as of 31 December 2023), with a loan-to-equity ratio of 0.01 (31December 2023: 0.01). 股息 Dividends The Board resolved that no dividends will be declared for the six monthsended 30 June 2024. CHAIRMAN’S STATEMENT 業務回顧 Business Review 香港業務 Hong Kong Operations 2.7%7.7% Hong Kong’s economy grew moderately in the first quarter of this year,with GDP improving 2.7%, driven by improvements in the export ofservices and goods. However, total retail sales in the first five monthsdecreased by 7.7%, due to a drop in visitor spending and greateroutbound travel, particularly to Mainland China on weekends andholidays. We anticipate that this trend will continue to challenge the retailsector in the near term. 3.2%6.0%4% Correspondingly, the Hong Kong beer market contracted by 3.2%,while the Company’s total domestic volumes for the first six monthsof the year decreased by 6.0% compared to the same period in 2023.Nevertheless, growth in the Hong Kong Operations’ exports resulted in a4% increase in total volumes. Along with improved product cost, higherexport margins, and higher leasing income, the Company registered asignificant improvement in profit for the first six months of the year. (KOL) In the first half of 2024, the Company aggressively sought more on-premise outlets an