老恒和酿造二零二四年中期报告

目錄CONTENTS 公司資料02Corporate Information管理層討論與分析05Management Discussion and Analysis補充資料21Supplementary Information簡明綜合中期損益及其他全面收益表29Condensed Consolidated Interim Statement of Profit or Lossand Other Comprehensive Income簡明綜合中期財務狀況表30Condensed Consolidated Interim Statement ofFinancial Position簡明綜合中期權益變動表32Condensed Consolidated Interim Statementof Changes in Equity簡明綜合中期現金流量表33Condensed Consolidated Interim Statement of Cash Flows簡明綜合中期財務資料附註35Notes to the Condensed Consolidated InterimFinancial Information CORPORATE INFORMATION公司資料 BOARD OF DIRECTORS Executive DirectorsMr. Chen WeiMr. Liu Jianbin Independent Non-executive Directors Mr. Shen ZhenchangMr. Ng Wing FaiMr. Sun Jiong COMPANY SECRETARYMr. Au Wai Keung AUTHORISED REPRESENTATIVESMr. Au Wai KeungMr. Liu Jianbin AUDIT COMMITTEE Mr. Ng Wing Fai(Chairman)Mr. Sun JiongMr. Shen Zhenchang REMUNERATION COMMITTEE Mr. Shen Zhenchang(Chairman)Mr. Ng Wing FaiMr. Sun Jiong NOMINATION COMMITTEE Mr. Sun Jiong(Chairman)Mr. Ng Wing FaiMr. Shen Zhenchang AUDITORS 2811 Grant Thornton Hong Kong LimitedCertified Public Accountants11th Floor, Lee Garden Two28 Yun Ping RoadCauseway BayHong Kong CORPORATE INFORMATION公司資料 REGISTERED OFFICE Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands HEADQUARTERS AND PRINCIPALPLACE OF BUSINESS IN THE PRC 313000 Balidian TownFood and Industrial ParkWuxing District, Huzhou CityZhejiang 313000, PRC PRINCIPAL PLACE OF BUSINESS INHONG KONG 10087A5 Room A5, 7/FChina United Plaza1008 Tai Nan West StreetKowloon, Hong Kong PRINCIPAL BANKERS 583587589 Industrial and Commercial Bank of China LimitedZhili BranchNo. 583, 587, 589 Zhenbei RoadZhili TownHuzhou City, Zhejiang ProvincePRC 208 Bank of China LimitedHuzhou BranchNo. 208, Renmin RoadHuzhou City, Zhejiang ProvincePRC Agricultural Bank of China LimitedHuzhou BranchNo. 88, Renmin RoadHuzhou City, Zhejiang ProvincePRC CORPORATE INFORMATION公司資料 LEGAL ADVISER AS TO HONG KONGLAW 528 DeHeng Law Offices (Hong Kong) LLP28/F, Henley Building5 Queen’s Road CentralCentral, Hong Kong PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE Conyers Trust Company (Cayman) LimitedCricket Square, Hutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands Conyers Trust Company (Cayman) LimitedCricket Square, Hutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands HONG KONG SHARE REGISTRAR 183171712–1716 Computershare Hong Kong Investor Services LimitedShops 1712–171617/F, Hopewell Centre183 Queen’s Road EastWanchaiHong Kong 2226 STOCK CODEStock code: 2226 http://www.hzlaohenghe.com WEBSITEhttp://www.hzlaohenghe.com MANAGEMENT DISCUSSION AND ANALYSIS管理層討論與分析 BUSINESS REVIEW We are one of the leading manufacturers of condiment products in thePeople’s Republic of China (the“PRC”or“China”). We offer high qualityand healthy brewed cooking wine as well as other condiments, includingnaturally-brewed soy sauce, naturally-brewed vinegar, soybean paste,sesame oil and fermented bean curd, which are organic without anyadditives. In the first half of 2024, we attained the following achievements: 2024 1.Our matsutake cooking wine was awarded the title of 2024 Cereal-based Brew Cooking Wine Flavour Award (2024) at the 20th China International Alcoholic Drinks Expo; 2023 2.Our subsidiary, Huzhou Lao Heng He Brewery Co., Ltd., wasdesignated by the“leading group for rural work of the WuxingCommittee of the Huzhou City of the Chinese Communist Party ()”as the“Top Ten LeadingAgricultural Enterprise ()”in Wuxing District in2023; 3.Lao Heng He once again obtained certifications including“integrityand quality management system ()”and“organicproduct certification ()”; and 4.Our product, the king of Huadiao cooking wine (), wasrecognised as“2023 Zhejiang Province Famous, Special andExcellent Food (2023)”by the ZhejiangIndustry Organisation (). 2023 MANAGEMENT DISCUSSION AND ANALYSIS管理層討論與分析 In the first half of 2024, the economy in China demonstrated high resilienceand growth momentum characterised by complexity and volatility withconsiderable challenges despite promising prospects. Amid fierce globalmarket competition, leading enterprises achieved market dominance byleveraging on advantages in terms of their brands, channels andtechniques. Leading brands retained their income without increase in profit,and most enterprises were facing domestic competitions such as pricewars. In light of the intensification of the abovementioned situation, theGroup adhered to the spirit of the“Year of Grasping Projects ()”meeting held in 2024. The Group enhanced its market competitiveness andgrowth in product sales by reducing costs and enhancing effectiveness aswell as operating efficiency, optimising product structure, stepping uppromotion efforts and expanding sales channels. In the first half of 2024, as for market strategy, the Group continued toengage professional marketing team from