子不语2024中期报告

Zibuyu Group Limited (Incorporated in the Cayman Islands with limited liability) Stock Code: 2420 CONTENTS 2Corporate Information5Management Discussion and Analysis20Corporate Governance and Other Information32Condensed Consolidated Interim Statement ofComprehensive Income33Condensed Consolidated Interim Statement ofFinancial Position35Condensed Consolidated Interim Statement ofChanges in Equity36Condensed Consolidated Interim Statement ofCash Flows38Notes to the Condensed Consolidated InterimFinancial Information67Definitions 2ZIBUYU GROUP LIMITEDInterim Report 2024 CORPORATE INFORMATION BOARD OF DIRECTORSExecutive Directors *** Mr. Hua Bingru(Chairman)*Mr. Chen Caixiong(Chief Executive Officer)**Mr. Wang WeipingMr. Dong Zhenguo *2024829**2024829 *resigned as Co-CEO on 29 August 2024**appointed as executive Director and re-designated fromCo-CEO to CEO on 29 August 2024 Non-executive DirectorMs. Hua Hui Independent Non-executive Directors Mr. Yu KefeiMr. Shen TianfengDr. Lau Kin Shing Charles AUDIT COMMITTEE Mr. Yu Kefei(Chairman)Mr. Shen TianfengDr. Lau Kin Shing Charles REMUNERATION COMMITTEE Mr. Shen Tianfeng(Chairman)Mr. Yu KefeiDr. Lau Kin Shing Charles NOMINATION COMMITTEE Dr. Lau Kin Shing Charles(Chairman)Mr. Hua BingruMr. Yu KefeiMr. Shen Tianfeng 3.05 AUTHORIZED REPRESENTATIVESFOR THE PURPOSE OF RULE 3.05OF THE LISTING RULES Mr. Hua BingruMs. Yu Anne JOINT COMPANY SECRETARIES Ms. Zheng HuanxinMs. Yu Anne CORPORATE INFORMATION PRINCIPAL BANKS 1 Bank of China (Hong Kong) LimitedBank of China Tower1 Garden RoadCentralHong Kong China Merchants Bank Hangzhou Linping Sub-Branch 382 No. 382, South Main StreetLinping DistrictHangzhou, Zhejiang Provincethe PRC REGISTERED OFFICE IN THECAYMAN ISLANDS ICS Corporate Services (Cayman) Limited3–212 Governors Square23 Lime Tree Bay AvenueP.O. Box 30746 Seven Mile BeachGrand Cayman KY1-1203Cayman Islands ICS Corporate Services (Cayman) Limited 3–212 Governors Square23 Lime Tree Bay AvenueP.O. Box 30746 Seven Mile BeachGrand Cayman KY1-1203Cayman Islands HEADQUARTERS IN THE PRC Room 410, No. 108, Xincheng RoadNanyuan StreetLinping DistrictHangzhou, Zhejiang Provincethe PRC 108410 PRINCIPAL PLACE OF BUSINESS INHONG KONG 24840 40th Floor, Dah Sing Financial CentreNo. 248 Queen’s Road EastWanchaiHong Kong AUDITOR 1022 PricewaterhouseCoopersCertified Public AccountantsRegistered Public Interest Entity Auditor22/F, Prince’s Building10 Chater RoadCentralHong Kong 4ZIBUYU GROUP LIMITEDInterim Report 2024 CORPORATE INFORMATION HONG KONG LEGAL ADVISER 1532033207 Jingtian & Gongcheng LLPSuite 3203–3207, Edinburgh TowerThe Landmark15 Queen’s Road CentralCentralHong Kong PRINCIPAL SHARE REGISTRAR ICS Corporate Services(Cayman) Limited3-212 Governors Square23 Lime Tree Bay AvenueP.O. Box 30746, Seven Mile BeachGrand Cayman KY1-1203Cayman Islands ICS Corporate Services (Cayman) Limited 3-212 Governors Square23 Lime Tree Bay AvenueP.O. Box 30746, Seven Mile BeachGrand Cayman KY1-1203Cayman Islands HONG KONG SHARE REGISTRAR 183171712–1716 Computershare Hong Kong Investor Services LimitedShops 1712–171617th Floor Hopewell Centre183 Queen’s Road EastWan ChaiHong Kong 2420 STOCK CODE2420 www.zbycorp.com COMPANY’S WEBSITEwww.zbycorp.com MANAGEMENT DISCUSSION AND ANALYSIS BUSINESS OVERVIEW 2024 The Group endeavors to become a reputable global fashionbrand company, enabling our global customers to obtainsatisfactory fashion apparel and footwear products on atimely and seamless basis. Our business performance in thefirst half of 2024 is as follows: 20241,462.11,080.96.3%8.0%91.4130.1789.1%127.0% In the first half of 2024, our revenue continued to grow witha recovery of profitability, leading us to a new growth cycle.We achieved a total revenue of approximately RMB1,462.1million and gross profit of approximately RMB1,080.9 million,representing an increase of approximately 6.3% and 8.0%,respectively, as compared with the corresponding period ofthe previous year. Net profit and net cash generated fromoperating activities amounted to approximately RMB91.4million and RMB130.1 million respectively, representing anincrease of approximately 789.1% and 127.0%, respectively,compared with the corresponding period of the previousyear. These impressive results were attributable to the stableoperation strategy during the period, continuous expansionof our senior management team, the implementation oforganizational changes and efficiency enhancement, theoptimization of inventory structure, and other efficiencyenhancement measures, including cost reduction. In the first half of 2024, we further strengthened theCompany’s brand and product competitiveness, datadriven for product innovation, continuously optimisedthe product structure and focused on various core branddirections, and comprehensively planned product design,page display and promoted on-site and off-site marketingcampaigns according to the category priorities. Sales of ourtop