上美股份2024中期报告

2024中期報告 Contents Corporate Information2Business Overview and Outlook6Financial Summary19Management Discussion and Analysis20Corporate Governance and Other Information27Independent Review Report47Interim Condensed Consolidated Statementof Profit or Loss49Interim Condensed Consolidated Statementof Comprehensive Income50Interim Condensed Consolidated Statementof Financial Position51Interim Condensed Consolidated Statementof Changes in Equity53Interim Condensed Consolidated Statementof Cash Flows55Notes to Interim Condensed ConsolidatedFinancial Information57 Corporate Information BOARD OF DIRECTORS Executive Directors Mr. Lyu Yixiong ()(Chairman of the Board and Chief Executive Officer)Ms. Luo Yan ()Mr. Feng Yifeng ()Ms. Song Yang () Non-executive DirectorsMs. Li Hanqiong ()Mr. Sun Hao () 2024530 Independent Non-Executive Directors Mr. Leung Ho Sun Wilson ()Ms. Luo Yan ()Mr. Li Yang () (appointed on 30 May 2024) SUPERVISORS 2024821 Mr. Li Tao ()(Chairman)Ms. Shi Tenghua ()Ms. Yang Min () (appointed on 21 August 2024) JOINT COMPANY SECRETARIES (ACGHKACG) Mr. Lian Ming ()Mr. Li Kin Wai ()(ACG, HKACG) AUDIT COMMITTEE 2024530 Mr. Leung Ho Sun Wilson ()(Chairman)Ms. Luo Yan ()Mr. Li Yang () (appointed on 30 May 2024) REMUNERATION AND APPRAISALCOMMITTEE 2024530 Ms. Luo Yan ()(Chairman)Mr. Lyu Yixiong ()Mr. Li Yang () (appointed on 30 May 2024) NOMINATION COMMITTEE 2024530 Mr. Lyu Yixiong ()(Chairman)Ms. Luo Yan ()Mr. Li Yang () (appointed on 30 May 2024) AUTHORISED REPRESENTATIVES Mr. Feng Yifeng ()Mr. Li Kin Wai ()(ACG, HKACG) (ACGHKACG) AUDITORS Ernst & Young(Certified Public Accountants andRegistered Public Interest Entity Auditor)27/F, One Taikoo Place979 King’s RoadQuarry BayHong Kong 97927 LEGAL ADVISORS as to Hong Kong laws 183401 Eric Chow & Co. in Associationwith Commerce & Finance Law Offices3401, Alexandra House18 Chater RoadCentralHong Kong as to PRC laws 1515110 Commerce & Finance Law Offices10/F, Tower 1Jing An Kerry Centre1515 West Nanjing RoadShanghaiPRC Corporate Information REGISTERED OFFICE 515701 Room 701No. 515 Yinxiang RoadNanxiang TownJiading District, ShanghaiPRC HEAD OFFICE AND PRINCIPAL PLACEOF BUSINESS IN THE PRC 3300B25 25 Floor, Building BNo. 3300 Zhongshan North RoadPutuo District, ShanghaiPRC PRINCIPAL PLACE OF BUSINESS INHONG KONG 3485 5/F, Manulife Place348 Kwun Tong RoadKowloonHong Kong PRINCIPAL BANKERS 7557 Shanghai Pudong Development Bank Co., Ltd.(Fengxian Sub-Branch)No. 7557 Nanfeng RoadFengxian DistrictShanghai, PRC 1589 China Merchants Bank Co., Ltd.(Shanghai Century Avenue Sub-Branch)No. 1589 Century AvenuePudong New DistrictShanghai, PRC H HONGKONG H SHARE REGISTRARAND TRANSFER OFFICE 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong STOCK CODE 2145 2145 COMPANY’S WEBSITE www.chicmaxgroup.com www.chicmaxgroup.com Business Overview and Outlook BUSINESS OVERVIEW 20 We are a multi-brand cosmetics company, focusing on research anddevelopment,manufacturing and sales of skincare,maternity andchildcare and cleansing products. We focus on the implementationof multi-brand strategy and have remained dedicated to it since ourestablishment.With an operational history of more than 20 years,today we are one of the front runners in China’s cosmetics industry,possessing comprehensive multi-brand development and operationalcapability and expertise, and we have successfully built a variety ofpopular cosmetic brands. Our decisive strategy originally to embarkon and persist with a multi-brand strategy gives us an advantage totimely grasp market opportunities and sets us apart from our peers. Brands and Products newpage We have successfully launched a couple of cosmetics brands in thePRC to cater to various groups of consumers with different needs.Our results mainly come from three major brands, namelyKANS ,OneLeaf andBaby Elephant , whereas other brands such asnewpage andARMIYO have gradually become the second curve for the Company’sbusiness growth. KANS 200320 Launchedin 2003,KANS ,being positioned as a“scientific anti-aging”skincare brand,focuses on addressing the evolving anti-aging needs of Asian females of various age groups, with a broadtarget customer base, and is positioned to be a go-to brand in theanti-aging skincare market. For more than 20 years,KANS has beendeeply engaging in anti-aging research, and continues to launch betterproducts,striving to establishKANS as a super brand in China’scosmetics industry. 20242024GMVGMV3,444GMV3,340H1 In 1H2024,KANS continued to maintain the leading position in beautyindustry onDouyin channel. In 1H2024, the gross merchandise volume(the “GMV”) ofKANS ranked first among beauty brands onDouyinplatform, with a GMV of RMB3,444 million, exceeding the GMV ofRMB3,340 million for the full year of 2023, and produced impressiveoutcomes by ranking the top in the “H1 List ofDouyin E-commerceSkincare Brands (H1)”. Business Overview and Outloo