佳华百货控股中期报告 2024

2024INTERIMREPORT中 期報 告 Contents目錄 Corporate Information公司資料2–3Chairman’s Statement董事長報告4–15Management Discussion and Analysis管理層討論及分析16–31Interim Condensed Consolidated Statement ofComprehensive Income簡明中期綜合全面收益表32Interim Condensed Consolidated Statement ofFinancial Position簡明中期綜合財務狀況表33–34Interim Condensed Consolidated Statement ofCash Flows簡明中期綜合現金流量表35Interim Condensed Consolidated Statement ofChanges in Equity簡明中期綜合權益變動表36Notes to the Interim Condensed Financial Statements簡明中期財務報表附註37–61Corporate Governance and Other Information企業管治及其他資料62–68 Corporate Information公司資料 00602 STOCK CODE00602 Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands REGISTERED OFFICECricket Square Hutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands HEAD OFFICE AND PRINCIPALPLACE OF BUSINESSIN HONG KONGSuite 715, 7th Floor 香港九龍尖沙咀廣東道5號海港城海洋中心7樓715室 Ocean Centre, Harbour City5 Canton RoadTsimshatsuiKowloonHong Kong HEAD OFFICE AND PRINCIPALPLACE OF BUSINESSIN THE PRC4/F 中國深圳市寶安中心區新湖路佳華名苑4樓 Jiahua Ming YuanXinhu RoadBao’an Central DistrictShenzhenThe PRC www.szbjh.com COMPANY’S WEBSITEwww.szbjh.com 香港立信德豪會計師事務所有限公司執業會計師香港中環干諾道中111號永安中心25樓 AUDITORBDO LimitedCertified Public Accountants25th FloorWing On Centre111 Connaught Road CentralHong Kong 莊陸坤先生何悅利先生 AUTHORISED REPRESENTATIVESMr. Zhuang Lu Kun Mr. Ho Yuet Lee, Leo Corporate Information公司資料 LEGAL ADVISERS TO THE COMPANYAs to Hong Kong law 胡關李羅律師行香港中環康樂廣場1號怡和大廈26樓 Conyers Dill & PearmanCricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands As to Cayman Islands lawConyers Dill & PearmanCricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands 廣東品方律師事務所中國深圳市寶安二區龍井路華業大廈412–415室 As to PRC lawGuangdong Pinfang Law Firm Room 412–415Huaye Building Longjin RoadBao’an Second DistrictShenzhenThe PRC PRINCIPAL SHARE REGISTRARAND TRANSFER OFFICESuntera (Cayman) Limited Suntera (Cayman) LimitedSuite 3204, Unit 2ABlock 3, Building DP.O. Box 1586Gardenia CourtCamana BayKY1-1100Cayman Islands Suite 3204, Unit 2ABlock 3, Building DP.O. Box 1586Gardenia CourtCamana BayKY1-1100Cayman Islands BRANCH SHARE REGISTRARAND TRANSFER OFFICE INHONG KONGTricor Investor Services Limited 卓佳證券登記有限公司香港夏愨道16號遠東金融中心17樓 17/F, Far East Finance Centre16 Harcourt RoadHong Kong Chairman’s Statement董事長報告 尊敬的各位股東： 今年上半年，世界經濟整體呈現溫和增長、緩慢復甦態勢，但與此同時，風險和阻力不斷積聚，變數與波動也有所增多，增長前景面臨更大挑戰。中國經濟延續回升向好態勢，繼續貢獻「穩」的支撐和「進」的動力，並持續通過改革培育新質生產力、推動高質量發展，為世界經濟注入新動能。國際貨幣基金組織評價當前世界經濟走勢。認為世界經濟總體維持緩慢復甦態勢，但失衡狀況加劇。 In the first half of this year, the world economy as a wholeshowed a trend of moderate growth and slow recovery,but at the same time, risks and resistance continued toaccumulate, variables and fluctuations also increased,and the growth prospects faced greater challenges.China’s economy continued to recover and improve,continued to contribute to the support of “stability” andthe driving force of “progress”, and continued to cultivatenew quality productivity and promote high-qualitydevelopment through reform, injecting new momentuminto the world economy. The International Monetary Fund(“IMF”) evaluates the current trend of the world economyand comments that there is a slow recovery trend, butthe imbalance worsened. Chairman’s Statement董事長報告 首先，發達經濟體復甦落差進一步擴大，歐洲經濟增長再次落後於美國，且美國增長提速、歐洲疲態突顯。今年第二季度，美國實際國內生產總值按年率計算增長2.8%；同期歐元區國內生產總值環比保持一季度的低增長態勢，其中德國、瑞典和匈牙利經濟出現不同程度的萎縮。美國通過擴大舉債和補貼等方式刺激消費、擴大生產，為自身經濟帶來增量；另一方面，美國產業政策拉攏歐洲製造業向美國遷移，進一步削弱歐洲經濟風險。 First, the recovery gap of developed economies hasfurther widened. Europe’s economic growth has onceagain lagged behind that of the United States (“USA”),and the USA’s growth has accelerated while Europe’sweakness which has become more prominent. In thesecond quarter of this year, the real Gross DomesticProducts (“GDP”) of the USA grew by 2.8% on anannualized basis; during the period, the GDP of theeurozone maintained the low growth trend of the firstquarter, among which the economies of Germany,Sweden and Hungary contracted to varying degrees.The USA has stimulated consumption and increasedproduction by expanding debt and subsidies, bringingincremental growth to its economy; on the otherhand, the USA industrial policy has pulled Europeanmanufacturing to migrate to the USA, further weakeningthe economic risks of Europe. 其次，貨幣政策節奏更趨複雜。去年被德國超越、國內生產總值降至世界第四位的日本，今年第二季度實際國內生產總值環比有所增長，雖然復甦超出預期，但日本政府預測的全年經濟正面臨日美貨幣政策差異帶來的更大風險。 Secondly, the rhythm of monetary policy has becomecomplex. Japan, which was surpassed by Germany lastyear and whose GDP dropped to fourth in the world,saw its real GDP grow in the second quarter of thisyear. Although the recovery exceeded expectations,the Japanese government’s forecast for the full-yeareconomy faces greater risks brought about by thedifferences in monetary policies between Japan and theUSA. 第三，新興市場和發展中經濟體增長前景雖存在差異，但整體呈現短期增長放緩、未來仍具增長動能的趨勢。據預測，隨著主要經濟體貨幣政策影響減弱，拉美和加勒比地區、中東和北非地區、撒哈拉以南非洲地區經濟增速，明顯強於發達經濟體。 Third, although there are differences in the growthprospects of e