BOSSINI INT'L2024中期报告

Global distribution network全 球 分 銷 網 絡 328(351)export franchised stores出口特許經營店舖 99(168)directly managed stores inHong Kong SAR and Macau SAR,mainland China and Singapore位於中國香港及中國澳門、中國內地及新加坡的直接管理店舖 427(519)stores in about 16 countries and regions店舖位於約16個國家及地區 CONTENTS目錄 MANAGEMENT DISCUSSION AND ANALYSIS管理層討論及分析 •OVERVIEW概覽4>•RESULTS業績5>•DISTRIBUTION NETWORK分銷網絡9>•ANALYSIS BY MARKET市場分析10>•FINANCIAL POSITION財務狀況12>•USE OF PROCEEDS FROM RIGHTS ISSUE供股所得款項用途15>•OUTLOOK未來展望17> INTERIM DIVIDEND中期股息 SUPPLEMENTARY INFORMATION補充資料 FINANCIAL RESULTS財務業績 •CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS ANDOTHER COMPREHENSIVE INCOME簡明綜合損益及其他全面收益表35>•CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION簡明綜合財務狀況表37>•CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY簡明綜合權益變動報表39>•CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS簡明綜合現金流量表41>•NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS簡明綜合中期財務報表附註43> FINANCIAL AND OPERATIONAL HIGHLIGHTS財 務 及 營 運 摘 要 Financial performance財務表現 Key financial indicators主要財務指標 Revenue by geographical market按地域市場分類之收益Six months ended 30 June 2024截至二零二四年六月三十日止六個月 Bossini International Holdings Limited堡 獅 龍 國 際 集 團 有 限 公 司 管理層討論及分析 MANAGEMENT DISCUSSION AND ANALYSIS OVERVIEW 概覽 截至二零二四年六月三十日止六個月（「回顧期內」），本集團收益為港幣2.65億元（二零二三年：港幣2.98億元），毛利率為49%（二零二三年：53%）。表一為本集團於核心市場之業績概況。於回顧期內，本公司擁有人應佔虧損為港幣5.2千萬元（二零二三年：港幣8.2千萬元）。本集團的同店銷售額及同店毛利分別下降5%（二零二三年：10%升幅）和14%（二零二三年：25%升幅）。於二零二四年六月三十日，現金淨額結餘為港幣1.09億元（二零二三年十二月三十一日：港幣1.85億元）。 TheGroup’s revenue for the six months ended 30 June 2024(the “Period under review”) was HK$265 million (2023: HK$298million) at a gross margin of 49% (2023: 53%). Table 1 providesan overview of the Group’s results in its core markets. During thePeriod under review, loss attributable to owners of the Companywas HK$52 million (2023: HK$82 million). The Group’s same-storesales and same-store gross profit were down by 5% (2023: 10%increase)and 14%(2023:25%increase)respectively.Net cashbalance was HK$109 million (31 December 2023: HK$185 million)as at 30 June 2024. EBITDA（非香港財務報告準則計量）乃按除稅 前 虧 損 加 上 融 資 成 本、物 業、廠 房 及 設 備以及投資物業以及使用權資產之折舊，減去利息收入計算。 #EBITDA(non-HKFRS measure)is calculated as loss before tax plusfinancecosts,depreciation of property,plant and equipment andinvestmentproperties and right-of-use assets and minus interestincome. Bossini International Holdings Limited堡 獅 龍 國 際 集 團 有 限 公 司 收益及毛利 Revenue and gross profit 二零二四年上半年，本集團繼續面臨艱難的市場環境，中國香港零售市場表現持續低迷。雖然自二零二三年第一季度邊境重開後曾有所復甦，店舖的客流量持續改善，但市況很快又陷入停滯。到二零二四年首六個月市況更加嚴峻，整體環境未見樂觀。回顧期內，本集團錄得收益港幣2.65億元（二零二三年：港幣2.98億元）。毛利為港幣1.30億元（二零二三年：港幣1.57億元），毛利率則減少4個百分點至49%（二零二三年：53%）。 In the first half of 2024, the Group continued to face a challengingmarketenvironment,with the Hong Kong SAR retail marketremaining sluggish. Although there was some recovery after theborderreopening in the first quarter of 2023,with continuedimprovementin store foot traffic,the market situation quicklystagnatedagain.The first six months of 2024 saw even moresevere market conditions, with the overall environment showingno signs of optimism. During the Period under review, the Grouprecorded revenue of HK$265 million (2023: HK$298 million). Grossprofitwas HK$130 million(2023:HK$157 million),with grossmargin decreased by 4% points to 49% (2023: 53%). 總營運開支及營運業務虧損 Total operating expenses and loss from operating activities 總營運開支佔銷售額比率下降至72%（二零二三年：82%）。 The total operating expense to sales ratio decreased to 72% (2023:82%). 融資成本 Finance costs 融資成本為港幣4百萬元（二零二三年：港幣5百萬元），主要包括租賃負債之利息為港幣4百萬元（二零二三年：港幣5百萬元），乃由於確認租賃負債未償還結餘應計的估算利息開支。 Financecosts were HK$4 million(2023:HK$5 million),mainlycomprised of the interest on lease liabilities of HK$4 million (2023:HK$5 million) due to the imputed interest expense accrued on theoutstanding balance of the lease liabilities. 本公司擁有人應佔虧損 Loss attributable to owners of the Company 誠如表一所示，本公司擁有人應佔虧損為港幣5.2千萬元（二零二三年：港幣8.2千萬元）。淨溢利率為負20%（二零二三年：負28%）。虧損減少乃主要由於截至二零二四年六月三十日止六個月(i)有效控制開支成本及(ii)關閉中國內地的虧損店舖所致。 As shown in Table 1, loss attributable to owners of the Companywas HK$52 million (2023: HK$82 million). Net margin was negative20% (2023: negative 28%). The reduction in loss was mainly dueto (i) effective cost control of expenses and (ii) closure of loss-making stores in mainland China for the six months ended 30 June2024. Bossini International Holdings Limited堡 獅 龍 國 際 集 團 有 限 公 司 非香港財務報告準則計量 Non-HKFRS Measure Inaddition to the results provided in accordance with HKFRSthroughoutthis Management Discussion and Analysis section,the Company provides the EBITDA as an alternative measure. TheEBITDAmeasure is not intended to replace the presentation offinancial results in accordance with HKFRS. Rather, the Companybelievesthat the presentation of the EBITDA measure providesadditional information to investors to facilitate the comparison ofpast and present results, excluding those items (including non-cashitems) that the Company does not consider as reflective of its coreoperating performance duri