中生联合2024中期报告

CONTENTS目錄 2Corporate Information4Financial Highlights5Product Information10Management Discussion and Analysis17Other Information23Interim Condensed Consolidated Statement ofProfit or Loss and Other Comprehensive Income24Interim Condensed Consolidated Statement of Financial Position25Interim Condensed Consolidated Statement of Changes in Equity26Interim Condensed Consolidated Statement of Cash Flows27Notes to the Interim Condensed Consolidated Financial Statements 公司資料CORPORATE INFORMATION 董事 DIRECTORS 執行董事 Executive DirectorsMr. Gui Pinghu ()(Chairman)Ms. Zhang Yuan ()(Chief Executive Officer)Ms. Zhu Feifei () 獨立非執行董事 Independent Non-executive DirectorsMr. Yu Bo ()Ms. Cai Tianchen ()Mr. Wang Wei () 審核委員會 AUDIT COMMITTEE Ms. Cai Tianchen ()(Chairman)Mr. Yu Bo ()Mr. Wang Wei () 薪酬委員會 REMUNERATION COMMITTEE Mr. Wang Wei ()(Chairman)Ms. Cai Tianchen ()Ms. Zhu Feifei () 提名委員會 NOMINATION COMMITTEE Mr. Yu Bo ()(Chairman)Mr. Wang Wei ()Ms. Zhang Yuan() 戰略及發展委員會 STRATEGY AND DEVELOPMENT COMMITTEE Mr. Gui Pinghu ()(Chairman)Mr. Yu Bo ()Ms. Cai Tianchen () 聯席公司秘書 JOINT COMPANY SECRETARIES Ms. Zhi Hui ()Ms. Kam Mei Ha Wendy ()FCG, HKFCG(resigned with effect from 23 August 2024)Mr. Yau Tsz Lun () (appointed with effect from 23 August 2024) FCG, HKFCG20248232024823 REGISTERED OFFICE AND HEADQUARTERS 註冊辦事處及總部 4/F, Building 33 Qingma RoadQixia DistrictNanjing, Jiangsu ProvinceThe People’s Republic of China (the“PRC”) 「中國」334 PRINCIPAL PLACE OF BUSINESS IN HONG KONG 香港主要營業地點 40th Floor, Jardine House1 Connaught PlaceHong Kong 140 授權代表 AUTHORISED REPRESENTATIVES Mr. Gui Pinghu ()Ms. Kam Mei Ha Wendy ()FCG, HKFCG(resigned with effect from 23 August 2024)Mr. Yau Tsz Lun () (appointed with effect from 23 August 2024) FCG, HKFCG20248232024823 法律顧問 LEGAL ADVISERS 140 As to Hong Kong lawChiu & Partners40th Floor, Jardine House1 Connaught PlaceHong Kong 34732 As to PRC lawKing & Wood Mallesons32/F, One IFCNo. 347 Jiangdong Middle RoadNanjing, Jiangsu ProvinceThe PRC H股證券登記處 H SHARE REGISTRAR 183171712–1716 Computershare Hong Kong Investor Services LimitedShops 1712–1716, 17th FloorHopewell Centre183 Queen’s Road EastWanchaiHong Kong 主要往來銀行 PRINCIPAL BANKERS 137 Shanghai Pudong Development Bank Cheng Dong Branch137 Daguang RoadNanjing, Jiangsu ProvinceThe PRC 99 Agricultural Bank of China Ma Qun Branch99 Huanling RoadQixia DistrictNanjing, Jiangsu ProvinceThe PRC 核數師 AUDITOR 979127 Ernst & YoungCertified Public AccountantsRegistered Public Interest Entity Auditor27/F, One Taikoo Place979 King’s RoadQuarry Bay, Hong Kong 股份代號 STOCK CODE 3332 3332 公司網站www.zs-united.com COMPANY’S WEBSITE www.zs-united.com 財務摘要FINANCIAL HIGHLIGHTS •Revenue increased by approximately 69.1% to approximatelyRMB370.2 million (First half of 2023: approximately RMB218.9million) 產品資料PRODUCT INFORMATION 產品資料PRODUCT INFORMATION 產品資料PRODUCT INFORMATION 產品資料PRODUCT INFORMATION GOOD HEALTH好健康系列 產品資料PRODUCT INFORMATION 管理層討論及分析MANAGEMENT DISCUSSION AND ANALYSIS 業務回顧 BUSINESS REVIEW 20242024370.22023218.9151.369.1%202472.6%202366.6%6.0%202450.3%202338.9%11.4%202410.1%202314.0%3.9%202433.4202327.85.620.1% In the first half of 2024, the cross-border e-commerce of nutritionalsupplements under the Good Health brand continued with its rapidgrowth, meeting the expectations set at the beginning of the year. TheGroup’s revenue for the first half of 2024 amounted to approximatelyRMB370.2 million, and increased by approximately RMB151.3 million ascompared to that of approximately RMB218.9 million in the first half of2023, representing an increase of approximately 69.1%. The gross profitmargin in the first half of 2024 was approximately 72.6% as comparedwith that of approximately 66.6% in the first half of 2023, representing anincrease of approximately 6.0%. The selling and distribution expenses as apercentage of sales revenue was approximately 50.3% for the first half of2024, as compared to that of approximately 38.9% for the first half of2023, representing an increase of 11.4%, while the administrativeexpenses as a percentage of sales revenue was approximately 10.1% forthe first half of 2024, as compared to that of approximately 14.0% for thefirst half of 2023, representing a decrease of approximately 3.9%. For thefirst half of 2024, the Group recorded profits of approximately RMB33.4million, which increased by approximately RMB5.6 million as compared tothat of approximately RMB27.8 million for the first half of 2023,representing an increase of approximately 20.1%. 2024B In the first half of 2024, the Group continued focusing its resources on itscross-border e-commerce business, the Good Health brand, so that suchbrand would become increasingly recognized in the target markets.Besides increasing its marketing and promotion campaigns on a varietyof major cross-border e-commence platforms in the PRC, the Groupfurther strengthened its promotional efforts on Xiaohongshu, Zhihu.com,Bilibili and other we