达芙妮国际二零二四年中期报告

C O N T E N T S目錄 Corporate Information2Financial Highlights4Management Discussion and Analysis5Condensed Consolidated Income Statement17Condensed Consolidated Statement of Comprehensive Income18Condensed Consolidated Balance Sheet19Condensed Consolidated Statement of Changes in Equity20Condensed Consolidated Statement of Cash Flows21Notes to the Condensed Consolidated Interim Financial Statements22Other Information38 CORPORATE INFORMATION BOARD OF DIRECTORSExecutive directors Mr. Chang Chih-Kai(Chairman)Mr. Chang Chih-Chiao(Chief Executive Officer)Mr. Wang Jungang Independent non-executive directors Mr. Huang Shun-TsaiMr. Hon Ping Cho TerenceMr. Tan Philip AUDIT COMMITTEE Mr. Hon Ping Cho Terence(Chairman)Mr. Huang Shun-TsaiMr. Tan Philip NOMINATION COMMITTEE Mr. Huang Shun-Tsai(Chairman)Mr. Hon Ping Cho TerenceMr. Tan PhilipMr. Chang Chih-Kai REMUNERATION COMMITTEE Mr. Tan Philip(Chairman)Mr. Huang Shun-TsaiMr. Hon Ping Cho TerenceMr. Chang Chih-Kai COMPANY SECRETARYMr. Cheung Chun Hay AUTHORISED REPRESENTATIVESMr. Chang Chih-KaiMr. Cheung Chun Hay REGISTERED OFFICE Cricket SquareHutchins DrivePO Box 2681Grand Cayman KY1-1111Cayman Islands Cricket SquareHutchins DrivePO Box 2681Grand Cayman KY1-1111Cayman Islands CORPORATE INFORMATION PRINCIPAL PLACE OF BUSINESSIN HONG KONG 10262605 Unit 2605, 26/F,The Metropolis Tower10 Metropolis DriveHung HomKowloonHong Kong OPERATIONAL HEADQUARTERS 9956601 Unit 601, 6/F, Tower 5, The Hub99 Shaohong RoadMinhang DistrictShanghaiChina HONG KONG BRANCH SHARE REGISTRARAND TRANSFER OFFICE 1617 Tricor Secretaries Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong AUDITOR PricewaterhouseCoopersCertified Public AccountantsRegistered Public Interest Entity Auditor UFJ PRINCIPAL BANKERS Bank of China (Hong Kong)Bank of WenzhouChina Construction BankMUFG Bank (Hong Kong Branch) www.daphneholdings.com CORPORATE WEBSITESwww.daphneholdings.com ir@daphneholdings.com INVESTOR RELATIONSir@daphneholdings.com MANAGEMENT DISCUSSION ANDANALYSIS BUSINESS REVIEW (GDP)5%GDP4.7% In the first half of 2024, the ongoing geopolitical turmoil, divergentmonetary policies among countries and a more complex, severeand uncertain external environment resulted in a highly uneveneconomic recovery across countries. While the overall economyin China extended its recovery, it was hampered by insufficientdomestic demand and weak social expectations. According to theNational Bureau of Statistics of China, China’s gross domesticproduct (GDP) rose 5% year-on-year in the first half of 2024, withGDP growth slowing to 4.7% in the second quarter, which wasbelow the market expectation and marking the worst pace in the pastfive quarters. The slowdown reflects the increasing difficulties andmounting challenges in the current economic landscape. China’seconomy has withstood pressure, maintaining overall stability inits operation and continuous upgrading of its structure under suchcomplex situation. The Company considers the fundamentals forlong-term development of China’s economy remain positive, and itkeeps moving towards high-quality development. 3.7%GDP3.2% Despite China’s economy demonstrating resilience, the falteringreal estate market and the less-than-optimistic employment situationdragged down consumer confidence, causing it to linger at a lowlevel. The overall suppressed domestic demand took a toll on theretail market. In the first half of 2024, China’s total retail sales ofconsumer goods expanded 3.7% year-on-year, underperformingGDP growth. The retail sales of goods grew 3.2% year-on-year,further reflecting the slow recovery of consumer demand. Cautiousconsumer sentiment persisted, with shoppers favouring rational andvalue-for-money purchases. 9.8%7.1 In today’s digitally-driven society, online shopping has become anintegral part of people’s lives. In the first half of 2024, domestice-commerce platforms continued its upward trajectory, drivingChina’s online retail sales to surge 9.8% year-on-year to RMB7.1trillion. Whilst emerging e-commerce platforms are developingvigorously, it is posing a threat to the dominant market position ofthose leading traditional e-commerce platforms. Considering thediversifying e-commerce channels and the importance of digitalmarketing, the Group continued to focus on strengthening itsonline operations and actively tapped into emerging e-commerceplatforms, leveraging on its resource advantages to expand theonline licensing network. Meanwhile, it continued to optimise itsoffline business, supply chain system and brand management in aneffective approach. In the first half of 2024, the Group achievedremarkable sales growth, persistently outperforming the generalmarket. MANAGEMENT DISCUSSION ANDANALYSIS The Group’s Performance . Recognising the highly competitive women’s footwear market, theGroup steadfastly reinforced its core brand “DAPHNE”, createdthe youthful brand “DAPHNE.LAB” and enhanced its operationalefficiency. Undau