岁宝百货2024中期报告

(incorporated in the Cayman Islands with limited liability)() Stock code: 312 INTERIM REPORT2024 CONTENTS目 錄 2Corporate Profile3Financial Highlights5Chairman’s Statement8Management Discussion and Analysis18Corporate Governance and Other Information28Interim Condensed Consolidated Income Statement29Interim Condensed Consolidated Statement of Comprehensive Income30Interim Condensed Consolidated Balance Sheet32Interim Condensed Consolidated Statement of Changes in Equity33Interim Condensed Consolidated Statement of Cash Flows35Notes to the Interim Condensed Consolidated Financial Information86Corporate Information CORPORATE PROFILE公司簡介 Shirble Department Store Holdings (China) Limited(the “Company”) was incorporated in the CaymanIslands with limited liability on 5 November 2008.The Company and its subsidiaries (collectively, the“Group”) are principally engaged in departmentstore operations in the People’s Republic of China(the “PRC”). 本公司200811 5本集團中國 T h eG r o u p i s o n e o f t h e l o n g - e s t a b l i s h e dS h e n z h e n - b a s e dd e p a r t m e n t s t o r e c h a i n s .Targeting the mid-market segment, it runs itsdepartment stores under the “” and“Shirble Plaza” brands. CHAIRMAN’S STATEMENT主席報告 During the six months ended 30 June 2024 (the“1H2024”), China’s economy continued to showr e s i l i e n c e a n d a d a p t a b i l i t y i n t h e p r o c e s s o fmaintaining the financial stability and achievingsustainability. China is undergoing transition towarda sustainable economic growth and a high-levelreliance on the domestic market. 20246302024年上半年 國 家 統 計 局202461.6820236302023年上半年5.0%20246全國 居 民 消 費 價 格 指 數0.2%2023202460.1%20230.5% According to the National Bureau of Statistics ofChina (“NBS”), the GDP of China in the 1H2024amounted to RMB61.68 trillion, representing anincrease of 5.0%, as compared to six monthsended 30 June 2023 (the “1H2023”). The nationalconsumer price index (“CPI”) in June 2024 was0.2% higher year-on-year, and CPI in June 2023remained constant year-on-year. The amount oftotal retail sales of consumer goods in June 2024 inChina sightly decreased by 0.1% year-on-year, ascompare to a decrease of 0.5% for the same periodin 2023. Following the implementation of measures to revivethe tourism and the resumption of the normal travelbetween different cities in China and the expandedvisa-free arrangement for oversea tourists, theG r o u p e x p e c t s t h a t t h e G r o u p ’ s d e p a r t m e n tstores will continue to attract increasing flow ofcustomers. The Group will continue to focus on theimprovement of the consumer experience and theservices provided, for the purpose of providing theconsumers with a better shopping experience. Thiswill help create solid foundation for sustainablebusiness development. CHAIRMAN’S STATEMENT主席報告 BUSINESS REVIEW 業務回顧 During the 1H2024, the Group recorded a revenueof RMB97.9 million (2023: RMB91.9 million). Lossattributable to owners of the Company amounted toRMB18.5 million (2023: RMB63.9 million). 202497.9202391.918.5202363.9 In the 1H2024, the Group continued to boost up therevenue by providing a better shopping experienceto the customers as well as offering high-qualitymerchandise and services to meet the demand ofthe middle-class population in selected markets inChina. The Group also optimised the operationalcosts to improve the long-term efficiency andsustainability. 2024 As at 30 June 2024, the Group operated and/ormanaged 14 department stores with a total grossfloor area of 242,841.9 sq.m, of which 38.0% are theself-owned properties. 202463014242,841.938.0% With the continued downward pressure on theproperty sector it the PRC, the Group finished theelimination of its significant exposure to propertyinvestments and will continue to optimise andrationalise the business focus of the Group toits core business with competitive strengths andadvantages. $)"*3."/4
45"5&.&/5主席報告 BUSINESS OUTLOOK 業務前景 Overall, despite the challenges faced by the Chinaeconomy, the Group remains confident in its businessprospects and is committed to improving its operationsand services to meet customer needs. Looking ahead, the Group will consolidate itsresources, strengthen the management and adopt aseries of prudent business strategies to mitigate thepressure from the economic slowdown and continueto seize future market opportunities. MANAGEMENT DISCUSSION AND ANALYSIS管理層討論及分析 FINANCIAL REVIEW 財務回顧 The operating results of the Group for the 1H2024are presented in two reportable operating segments,namely (a) department store business and (b) othersincluding property business and unallocated items,comprising mainly head office overheads. Thefollowing discussions and analyses are based on theGroup as a whole and the operating results of eachof the business segments. 2024(a)(b) (a)The Group (a)本集團 Revenue of the Group amounted to RMB97.9m i l l i o n f o r t h e 1 H 2 0 2 4 , r e p r e s e n t i n g a nincrease of 6.5%, as compar