慕尚集团控股二零二四年中报

Mulsanne Group Holding Limited慕尚集團控股有限公司 (Incorporated in the Cayman Islands with limited liability)（於開曼群島註冊成立的有限公司）Stock Code: 1817股份代號 :1817 INTERIM REPORT2024中期報告 Contents Corporate IntroductionCorporate InformationManagement Discussion and AnalysisOther InformationInterim Condensed Consolidated Statement of Profit or Loss andOther Comprehensive IncomeInterim Condensed Consolidated Statement of Financial PositionInterim Condensed Consolidated Statement of Changes in EquityInterim Condensed Consolidated Statement of Cash FlowsNotes to Interim Condensed Consolidated Financial Information235172830323436 Corporate Introduction 2007GXG2010gxg jeans2020MODE COMMUTER Mulsanne Group Holding Limited (the “Company”, “Mulsanne”or“We”,together with its subsidiaries,the“Group”or“Mulsanne Group”) is a leading fashion menswear companybased in China, which also covers unisex apparel segments.With our experience and execution capabilities in the fashionindustry, we have optimized our brands to capture future marketopportunities. Our founders first launched our flagship GXGbranded products in , and we catered to different menswearstyles by introducing gxg jeans in . In , we launchedMODE COMMUTER, a high-quality commuting apparel brand,which helped strengthen the brand portfolio of our Group.Each of our brands has a uniquely defined design identity andencompasses a range of products, offered in a variety of fits,fabrics, finishes, styles and price points intended to appeal abroad spectrum of customers. We adopt an integrated omni-channel business model thatcapitalises on online and offline strengths, delivers a seamlessand consistent customer experience, and increases efficiencyin terms of inventory management, supply chain management,product selection and logistics. With our deep understandingof customers, we have adopted a customer-centred model tooffer our customers a one-stop shopping experience. For bothour online and offline channels, we provide a similar productrange and unified pricing, shared inventories, as well as flexibleand efficient logistics support. Moreover, by analysing the bigdata generated from both online channels and offline retailstores through our product lifecycle management system, wecan capture the precise level of demand and quickly react to thelatest market trends by adjusting our production and inventoryplan, which is highly helpful for our inventory control and supplychain management. New retail has become a major trend of theapparel industry in China in recent years, and our Group is aleader in new retail integration among the major fashion apparelbrands in China which have adopted the new retail businessmodel with innovative initiatives. Corporate Information BOARD OF DIRECTORS Executive DirectorMr. YU Yong(Chief Executive Officer) Non-Executive Directors Mr. TANG Shun Lam(Chairman)Mr. YANG HerongMr. YOUNG ChristopherMr. TIAN MinMr. SUN Weiye Independent Non-Executive Directors Mr. GU JiongMr. LIAO XiaoxinMs. XU Yanyun AUDIT COMMITTEE Mr. GU Jiong(Chairman)Ms. XU YanyunMr. LIAO Xiaoxin REMUNERATION COMMITTEE Mr. GU Jiong(Chairman)Ms. XU YanyunMr. LIAO XiaoxinMr. YANG HerongMr. TIAN Min NOMINATION COMMITTEE Mr. TANG Shun Lam(Chairman)Mr. GU JiongMr. LIAO Xiaoxin (FCG, HKFCG) JOINT COMPANY SECRETARIES Mr. DING DadeMs. NG Sau Mei(FCG, HKFCG) AUTHORISED REPRESENTATIVES Mr. YU YongMs. NG Sau Mei AUDITOR Ernst & YoungCertified Public Accountants and Registered PublicInterest Entity Auditor Corporate Information REGISTERED OFFICE Cricket SquareHutchins DrivePO Box Grand Cayman, KY-Cayman Islands Cricket SquareHutchins DrivePO Box 2681Grand Cayman, KY1-1111Cayman Islands HEADQUARTERS No. , Shanshan RoadWangchun Industrial ParkHaishu DistrictNingbo, Zhejiang ProvincePRC 111 PRINCIPAL PLACE OF BUSINESS IN HONGKONG 131 /F., Tower Two, Times Square Matheson StreetCauseway BayHong Kong CAYMAN ISLANDS PRINCIPAL SHAREREGISTRAR AND TRANSFER OFFICE Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DrivePO Box Grand Cayman, KY-Cayman Islands Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DrivePO Box 2681Grand Cayman, KY1-1111Cayman Islands HONG KONG SHARE REGISTRAR 183171712-1716 Computershare Hong Kong Investor Services LimitedShops -, th FloorHopewell Centre Queen’s Road EastWanchaiHong Kong PRINCIPAL BANKS China Construction Bank CorporationIndustrial and Commercial Bank of China Limited 1817 STOCK CODE  www.gxggroup.cn COMPANY’S WEBSITE www.gxggroup.cn Management Discussion and Analysis BUSINESS OVERVIEW AND OUTLOOK  In the first half of , the Group’s business generally remainedstable. Moreover, as a leading fashion company in China, theGroupbenefited from its omni-channel strategy and thedevelopment in China’s domestic economy. As a result, theGroup remains confident towards the future of the Chinesefashion industry. To further consolidate its leading position int