利福中国2024 中期报告

01Financial Highlights02Corporate Information04Management Discussion andAnalysis14Other Information18Report on Review of InterimFinancial Information 21Condensed Consolidated Statementof Profit or Loss and OtherComprehensive Income22Condensed Consolidated Statementof Financial Position24Condensed Consolidated Statementof Changes in Equity25Condensed Consolidated Statementof Cash Flows26Notes to the Interim FinancialInformation •Revenue decreased 7.3% to RMB644.6 million7.3%644.6•Profit attributable to owners of the Company decreased67.4% to RMB41.7 million67.4%41.7•Earnings per share decreased 67.4% to RMB0.02867.4%0.028•No interim dividend has been declared by the Board 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 悅 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 30 June 2024: HK$0.82Market capitalisation at 30 June 2024: HK$1,201 million* Website www.lifestylechina.com.hk www.lifestylechina.com.hk * *rounded to the nearest integer Market Overview 5.0%4.7%5.3%0.63.7%4.7% In the first half of 2024, affected by the complex internationalenvironment and the shift of the domestic economy from incrementalgrowth to stock competition, alongside challenges posed by thesluggish real estate market and ongoing economic structuraladjustment, the Chinese economy showed signs of slowing down.The country’s gross domestic production (GDP) grew 5.0%year-on-year during the period and 4.7% year-on-year in the secondquarter, 0.6 percentage point less than the 5.3% growth in the firstquarter. Total retail sales of consumer goods in China for the periodincreased by 3.7% year-on-year, which also lagged the 4.7%year-on-year increase in the first quarter. Meanwhile, China’s retail market saw a gradual change inconsumption pattern. Consumers have become more cautious andrational in spending, placing more emphasis on the quality ofproducts, personalized designs and brand influence, and are moreprice sensitive, opting for products and services affording low costwith high-quality. Being able to offer low cost with high-qualityproducts becomes the competitive strength in today’s increasinglycompetitive retail market. With the society advocating traditionalculture, “China chic” products become consumers’ favorite. Inaddition, affected by economic and health and environmental factors,demand from consumers for goods that enhancing good health andproviding a balanced lifestyle has increased. To seize marketopportunities arising from this trend of healthy lifestyle, retailers areactively launching sustainable development events to drive steadyconsumption growth. Financial Review — Facing with various economic challenges, the Group actively adjustedits operating strategies in response to market changes, investedresources in optimizing store operations and product mix, as well asorganized diversified special events to boost customer traffic andstore efficiency. During the six months period ended 30 June 2024,the overall business performance of Shanghai Jiuguang and SuzhouJiuguang, the Group’s two well-established department stores, andthat of Shanghai Jiuguang Center, remained relativ