
2Corporate Information4Management Discussion and Analysis16Additional Information20Condensed Consolidated Statement of Profit orLoss and Other Comprehensive Income22Condensed Consolidated Statement of FinancialPosition24Condensed Consolidated Statement ofChanges in Equity25Condensed Consolidated Statement ofCash Flows26Notes to the Condensed Consolidated FinancialInformation CORPORATE INFORMATION BOARD OF DIRECTORSExecutive DirectorsMr. Li Wanyuan(Acting Chairman)Mr. Liu Junting(Chief Executive Officer)Ms. Lin Yuxi Independent non-executive DirectorsMr. Chow Yun CheungMr. Lin Yugang(Resigned on 18 June 2024) Mr. Li GangMr. Guo Xianwang(Appointed on 18 June 2024) AUDIT COMMITTEEMr. Chow Yun Cheung(Chairman) Mr. Lin Yugang(Resigned on 18 June 2024) Mr. Li GangMr. Guo Xianwang(Appointed on 18 June 2024) REMUNERATION COMMITTEEMr. Lin Yugang(Resigned as Chairman on 18 June 2024)Mr. Li Gang(Appointed as Chairman on18 June 2024)Mr. Chow Yun CheungMr. Guo Xianwang(Appointed on 18 June 2024) NOMINATION COMMITTEEMr. Li Wanyuan(Chairman) Mr. Lin Yugang(Resigned on 18 June 2024) Mr. Chow Yun CheungMr. Li Gang(Appointed on 18 June 2024) REGULATORY COMPLIANCE COMMITTEEMr. Li Wanyuan Mr. Tse Kwok Hing Henry COMPANY SECRETARYMr. Tse Kwok Hing Henry AUTHORISED REPRESENTATIVESMr. Li WanyuanMr. Tse Kwok Hing Henry |Moody Technology Holdings Limited | Interim Report 20242 CORPORATE INFORMATION AUDITORMcMillan Woods (Hong Kong) CPA Limited 18824 Certified Public Accountants24/F, Siu On Centre188 Lockhart RoadWanchai, Hong Kong PRINCIPAL BANKERS Bank of Quanzhou Co., LtdBank of China (Hong Kong) LimitedNanyang Commercial Bank, LimitedBank of East Asia Limited Clarendon House, 2 Church StreetHamilton, HM 11Bermuda REGISTERED OFFICE Clarendon House, 2 Church StreetHamilton, HM 11Bermuda 19920 PLACE OF BUSINESS IN HONG KONG20/F, Infinitus Plaza 199 Des Voeux Road CentralSheung WanHong Kong Conyers Corporate Services(Bermuda) LimitedClarendon House2 Chunch StreetHamilton, HM 11Bermuda PRINCIPAL SHARE REGISTRARConyers Corporate Services (Bermuda) Limited Clarendon House2 Chunch StreetHamilton, HM 11Bermuda 1617 HONG KONG BRANCH SHARE REGISTERTricor Investor Services Limited 17/F, Far East Finance Centre16 Harcourt RoadHong Kong www.moodytech-holdingltd.com COMPANY’S WEBSITEwww.moodytech-holdingltd.com 1400 STOCK CODEThe Stock Exchange of Hong Kong Limited: 1400 MANAGEMENT DISCUSSION AND ANALYSIS BUSINESS REVIEW Theboard of directors(the“Board”)of MoodyTechnologyHoldings Limited(the“Company”)andtogetherwith its subsidiaries,the“Group”)presentsthe results of the Group for the six months ended 30June 2024 to the shareholders of the Company. Duringthe six months ended 30 June 2024 under review, theGroup’s revenue decreased by 35.1% to approximatelyRMB54.9million,when compared to approximatelyRMB84.6million for the six months ended 30 June2023.The overall decrease in revenue was mainlyattributable to a decrease in sales demand for both thefabrics and clothing products in the People’s Republicof China (the “PRC”) during the period. 84.635.1%54.9 8.914.80.00270.0041 Lossattributable to the owners of the Companyincreased from approximately RMB8.9 million for thesixmonths ended 30 June 2023 to approximatelyRMB14.8million for the six months ended 30 June2024. Loss per share increased from RMB0.0027 forthe six months ended 30 June 2023 to RMB0.0041 forthe six months ended 30 June 2024. INDUSTRY REVIEW 11,3004.5%32319.3%5,6821.0%2411.8% According to the National Bureau of Statistics of thePRC, in the first six months of 2024, enterprises witha sizable capacity in the textile industry recorded anaggregate revenue of approximately RMB1,130.0 billion,representing a year-on-year increase of approximately4.5%, with net profit at approximately RMB32.3 billion,representing a year-on-year increase of approximately19.3%.Sizable garment and apparel enterprisesrecorded revenue of approximately RMB568.2 billion,representing a year-on-year increase of approximately1.0%, with net profit at approximately RMB24.1 billion,representing a year-on-year decrease of approximately1.8%. MANAGEMENT DISCUSSION AND ANALYSIS FINANCIAL REVIEWRevenueTheGroup’s revenue decreased from approximately 84.654.9 RMB84.6million for the six months ended 30 June2023to approximately RMB54.9 million for the sixmonths ended 30 June 2024. 13.12.51 The Group did not generate any revenue from fabricsproductsduring the period.As compared to thecorresponding period in 2023, the revenue from fabricsproductswas amounted to approximately RMB13.1millionand the sales quantities was amounted toapproximately 2.51 million meters for the six monthsended 30 June 2023. 63.125.1 Therevenue from sales of shoes and clothingdecreasedfrom approximately RMB63.1 million forthe six months ended 30 June 2023 to approximatelyRMB25.1million for the six months ended 30 June2024. 12.48.4 TheGroup’s revenue also included sales of elasticwebbings upon the compl