超盈国际控股二零二四年中期报告

CONTENTS Best Pacific International Holdings Limited /Interim Report 2024 Corporate Information2Management Discussion and Analysis5Disclosure of Interests22Share Schemes28Corporate Governance Code and Other Information29Report on Review of Condensed ConsolidatedFinancial Statements33Condensed Consolidated Statement of Profit orLoss and Other Comprehensive Income35Condensed Consolidated Statement ofFinancial Position37Condensed Consolidated Statement ofChanges in Equity39Condensed Consolidated Statement of Cash Flows41Notes to the Condensed ConsolidatedFinancial Statements42 Corporate Information BOARD OF DIRECTORS Executive Directors Mr. Lu Yuguang(Chairman)Mr. Zhang Haitao(Chief Executive Officer)Mr. Wu ShaolunMs. Zheng Tingting(Chief Operating Officer)Mr. Chan Yiu Sing(Chief Financial Officer and Company Secretary)Mr. Lu Libin(Chief Strategy Officer) Independent non-executive Directors Mr. Cheung Yat MingMr. Kuo Dah Chih, StanfordMr. Lam Yin Shing, Donald AUDIT COMMITTEE Mr. Cheung Yat Ming(Chairman)Mr. Kuo Dah Chih, StanfordMr. Lam Yin Shing, Donald REMUNERATION COMMITTEE Mr. Kuo Dah Chih, Stanford(Chairman)Mr. Zhang HaitaoMr. Cheung Yat MingMr. Lam Yin Shing, Donald NOMINATION COMMITTEE Mr. Lu Yuguang(Chairman)Mr. Kuo Dah Chih, StanfordMr. Lam Yin Shing, Donald AUTHORISED REPRESENTATIVES Mr. Zhang HaitaoMr. Chan Yiu Sing COMPANY SECRETARY Mr. Chan Yiu Sing AUDITOR Deloitte Touche Tohmatsu • Corporate Information HONG KONG BRANCH SHARE REGISTRARAND TRANSFER OFFICE 1831717121716 Computershare Hong Kong Investor Services LimitedShops 1712-171617th Floor, Hopewell Centre183 Queen’s Road EastWanchaiHong Kong PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE IN THE CAYMANISLANDS Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DriveP.O. Box 2681Grand CaymanKY1-1111Cayman Islands Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DriveP.O. Box 2681Grand CaymanKY1-1111Cayman Islands PRINCIPAL BANKS Bank of China (Hong Kong) LimitedBank of Communications Co., Ltd., Hong Kong BranchFubon Bank (Hong Kong) LimitedHang Seng Bank LimitedStandard Chartered Bank (Hong Kong) LimitedThe Bank of East Asia, LimitedThe Hongkong and Shanghai BankingCorporation LimitedUnited Overseas Bank Limited, Hong Kong Branch REGISTERED OFFICE Cricket SquareHutchins DriveP.O. Box 2681Grand CaymanKY1-1111Cayman Islands Cricket SquareHutchins DriveP.O. Box 2681Grand CaymanKY1-1111Cayman Islands Corporate Information PRINCIPAL PLACE OF BUSINESS ANDHEAD OFFICE IN HONG KONG 938 38th FloorNo. 9 Wing Hong StreetLai Chi KokKowloonHong Kong www.bestpacific.com COMPANY’S WEBSITEwww.bestpacific.com 2111 Management Discussion and Analysis The board (the “Board”) of directors (the “Director(s)”) ofBest Pacific International Holdings Limited (the “Company”or “Best Pacific” or “we”) is pleased to present theunaudited condensed consolidated interim results of theCompany and its subsidiaries (collectively, the “Group”)for the six months ended 30 June 2024 (the “ReportingPeriod”). MARKET AND BUSINESS REVIEW As we embark on 2024, we were witnessing a consistentexpansion of the global economy, with the InternationalMonetary Fund (the “IMF”) forecasting a growth rate of3.2% for the year. The United States of America (the “U.S.”)experienced a gross domestic product (“GDP”) growth of1.4% and 2.8% in the first and second quarter of 2024,respectively, as reported by the U.S. Bureau of EconomicAnalysis. In parallel, China reported a GDP growth of 5.0%during the first half of 2024, according to the NationalBureau of Statistics of China. This period had also beenmarked by a resurgence in global activity and internationaltrade, particularly driven by robust exports from Asia.Nevertheless, certain risks continued to impede a swifterrecovery of the world economy, including geopoliticaltensions and a prolonged high-interest-rate environment.The Federal Reserve had maintained a relatively elevatedbenchmark rate, reflecting a deceleration and volatility indisinflationary progress. 3.2%1.4%2.8%5.0% 8.2%4.6% The textile and garment sector had adeptly navigatedthis dynamic market landscape. Manufacturers in Asia,especially those in our primary regions of operation, hadleveraged the positive export momentum as observedin the first half of 2024. According to China CustomsStatistics, textile product exports from China surgedby 8.2% in the first half of 2024, as compared to thecorresponding period in 2023. Similarly, the SocialistRepublic of Vietnam (“Vietnam”) experienced a 4.6%increase in textile and garment exports for the first sixmonths in 2024 as compared to the corresponding periodin 2023, as reported by the General Department of VietnamCustoms. Management Discussion and Analysis 2,385.425.1% While most consumer brands had been in the later stageof their destocking cycle, we observed rebounded salesorders since the latter part of 2023, driven by a growingconfidence in economic recovery and the associatedr