VITASOY INT'L二零二四/二零二五年中期报告

Duringthe interim period,the Groupdeliveredrevenue growth of 2% whileprofit from operations grew strongly by50%. In the second half of the financialyear, our goal will be to sustain revenuegrowth and maintain profitability after thesummer peak season. 於 中 期 期 間 ， 本 集 團 收 入 增 長 2 % ， 經 營溢 利 則 大 幅 增 長 5 0 % 。 於 本 財 政 年 度 下半 年 ， 我 們 的 目 標 乃 於 夏 日 旺 季 後 持 續維持收入增長及盈利能力。 目錄 Consolidated Statement of Profit or Loss綜合損益表 Consolidated Statement of Profit or Lossand Other Comprehensive Income綜合損益及其他全面收益表 Consolidated Statement of Financial Position綜合財務狀況表 Consolidated Statement of Changes in Equity綜合權益變動表 Condensed Consolidated Cash Flow Statement簡明綜合現金流量表 Board of Directors 董事會 執行主席羅友禮先生 Executive ChairmanMr. Winston Yau-lai LO 獨立非執行董事 Independent Non-executive Directors 李國寶爵士（於二零二四年八月十九日退任）Jan P. S. ERLUND先生（於二零二四年八月十九日退任）黎定基先生Paul Jeremy BROUGH先生鍾志平博士容韻儀女士（於二零二四年八月十九日獲委任） Dr. the Hon. Sir David Kwok-po LI(retired on 19th August 2024)Mr. Jan P. S. ERLUND(retired on 19th August 2024)Mr. Anthony John Liddell NIGHTINGALEMr. Paul Jeremy BROUGHDr. Roy Chi-ping CHUNGMs. Wendy Wen-yee YUNG(appointed on 19th August 2024) 非執行董事 Non-executive Directors 羅慕玲女士羅德承先生羅其美女士（副主席） Ms. Yvonne Mo-ling LOMr. Peter Tak-shing LOMs. May LO(Deputy Chairman) 執行董事陸博濤先生（集團行政總裁）黎中山先生 Executive DirectorsMr. Roberto GUIDETTI(Group Chief Executive Officer)Mr. Eugene LYE Group Chief Financial OfficerMs. Ian Hong NG 集團首席財務總監吳茵虹女士 Company SecretaryMs. Carrie Yee-kwan SO 公司秘書蘇漪筠女士 Registered OfficeNo. 1 Kin Wong Street, Tuen Mun,New Territories, Hong Kong 註冊辦事處香港新界屯門建旺街一號 Auditors 核數師畢馬威會計師事務所於《會計及財務匯報局條例》下的註冊公眾利益實體核數師 KPMGPublic Interest Entity Auditor registered in accordance with theAccounting and Financial Reporting Council Ordinance Principal Bankers 主要來往銀行 東亞銀行有限公司香港上海滙豐銀行有限公司招商銀行股份有限公司中國銀行股份有限公司法國巴黎銀行中國建設銀行（亞洲）股份有限公司 The Bank of East Asia, LimitedThe Hongkong and Shanghai Banking Corporation LimitedChina Merchants Bank Company, Ltd.Bank of China LimitedBNP ParibasChina Construction Bank (Asia) Corporation Limited Share Registrar 股份過戶登記處 香港中央證券登記有限公司香港灣仔皇后大道東183號合和中心46樓 Computershare Hong Kong Investor Services Limited46/F., Hopewell Centre,183 Queen’s Road East,Wanchai, Hong Kong Investor Relations Contact 投資者關係聯絡電話：(852) 2468 9272傳真：(852) 2465 1008電郵：ir@vitasoy.com Tel: (852) 2468 9272Fax: (852) 2465 1008Email: ir@vitasoy.com Key Dates 重要日期 暫停辦理股份過戶登記二零二四年十二月十二日（星期四） Closure of Register of Members12th December 2024 (Thursday) 派發中期股息二零二四年十二月二十四日（星期二） Interim Dividend Payable24th December 2024 (Tuesday) Management Report管理層報告Management Report管理層報告 During the interim period, the Groupdelivered revenue growth of 2% whileprofit from operations grew strongly by50%. In the second half of the financialyear, our goal will be to sustain revenuegrowth and maintain profitability afterthe summer peak season. 於中期期間，本集團收入增長2%，經營溢利則大幅增長50%。於本財政年度下半年，我們的目標乃於夏日旺季後持續維持收入增長及盈利能力。 Mr. Roberto GUIDETTI陸博濤先生 Executive Directorand Group Chief Executive Officer執行董事暨集團行政總裁 Business Highlights 業務摘要 本集團收入增長2%。以港幣計算，本集團毛利率 上 升 至51.6%，主 要 由 於 原 材 料 價 格 降 低 及生產程序優化效益。經營溢利大幅增長50%，主要貢獻來自中國內地及香港業務。 The Group delivered revenue growth of 2%. The Group’s grossprofit margin rose to 51.6% in Hong Kong Dollar terms, mainlydue to lower commodity prices and production optimisationgains. Profit from operations grew strongly by 50%. The primarycontributors were Mainland China and the Hong Kong Operation. 於中國內地，整體銷售額與去年中期期間相比保持穩定。由於銷售執行及產品創新改善，各地區收入有所增長，惟被線上業務的下滑所抵銷，這是因為我們在保持線上業務的品牌及銷售建設活動競爭力的同時，亦確保其盈利能力。儘管該市場的價格競爭加劇，我們仍能透過專注於銷售組合、降低原材料價格及嚴控成本，提 高 盈 利 能 力。於 中 期 期 間，經 營 溢 利 增 加15%，而經營溢利率達至11%。 In Mainland China, overall sales remained stable as comparedwith the previous interim period. Revenue across regions grew asa result of improved sales execution and product innovation butwas offset by erosion in the online business, where we prioritiseda balance between our equity and sales building activities againstprofitability. Despite heightened price competition in this market,we were able to improve profitability by focusing on our salesmix, lower commodity prices and disciplined cost controls.Operating profit increased by 15% to achieve an 11% operatingmargin for the interim period. 香港業務（包括香港特別行政區、澳門特別行政區及出口）憑藉其強大的品牌價值、廣泛的市場影響力及產品創新，收入增長3%。經營溢利大幅增長44%，主要受銷售量增加及原材料價格降低所帶動，於中期期間實現經營溢利率14%。 The Hong Kong Operation (Hong Kong SAR, Macau SAR andExports) increased revenues by 3% leveraging its strong brandequity, pervasive market presence and product innovation. Profitfrom operations grew significantly by 44%, driven by higher salesvolumes and lower commodity prices, achieving a 14% operatingmargin for the interim period. 澳洲及新西蘭業務收入增長恢復至7%，反映我們於該兩個地區的產品需求強勁。於中期期間，經營虧損為港幣46,000,000元，主要由於生產問題影響中期期間的業務經營。目前，該等問題已經解決，工廠已恢復正常運作。 Australia and New Zealand restored revenue growth by 7%,reflecting strong demand for our products in both markets.Operating loss was HK$46 million for the interim period, mainlydue to manufacturing issues affecting