中港照相2024/25中期业绩报告

Corporate Information公司資料 BOARD OF DIRECTORS 董事會 執行董事孫道弘（副主席兼行政總裁）孫道熙陳蕙君 EXECUTIVE DIRECTORSSun Tao Hung Stanley(Deputy Chairman and Chief Executive Officer)Sun Tao Hsi RyanChan Wai Kwan Rita 非執行董事孫大倫（主席）馮裕津 NON-EXECUTIVE DIRECTORSSun Tai Lun Dennis(Chairman)Fung Yue Chun Stephen INDEPENDENT NON-EXECUTIVE DIRECTORSLau William WayneLi Ka Fai DavidLiu Jian Hui AllanWong Chi Yun Allan 獨立非執行董事劉思湛李家暉劉健輝黃子欣 COMPANY SECRETARYChan Wai Kwan Rita 公司秘書陳蕙君 主要銀行中國銀行（香港）有限公司中國工商銀行（亞洲）有限公司香港上海滙豐銀行有限公司 PRINCIPAL BANKERSBank of China (Hong Kong) LimitedIndustrial and Commercial Bank of China (Asia) LimitedThe Hongkong and Shanghai Banking Corporation Limited 核數師羅兵咸永道會計師事務所執業會計師註冊公眾利益實體核數師 AUDITORPricewaterhouseCoopersCertified Public AccountantsRegistered Public Interest Entity Auditor REGISTERED OFFICEVictoria Place, 5th Floor31 Victoria StreetHamilton HM10Bermuda 註冊辦事處Victoria Place, 5th Floor31 Victoria StreetHamilton HM10Bermuda 香港主要辦事處香港荃灣德士古道220-248號荃灣工業中心8樓 PRINCIPAL OFFICE IN HONG KONG8th Floor, Tsuen Wan Industrial Centre220-248 Texaco RoadTsuen Wan, Hong Kong PRINCIPAL SHARE REGISTRAR AND TRANSFER OFFICEMUFG Fund Services (Bermuda) Limited4th Floor NorthCedar House41 Cedar AvenueHamilton HM12Bermuda MUFG Fund Services (Bermuda) Limited4th Floor NorthCedar House41 Cedar AvenueHamilton HM12Bermuda 香港股份過戶登記分處卓佳登捷時有限公司香港夏慤道16號遠東金融中心17樓 HONG KONG BRANCH SHARE REGISTRAR AND TRANSFER OFFICETricor Tengis Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong Contents目錄 2Management Discussion and Analysis管理層討論及分析8Disclosure of Interests權益披露13Corporate Governance and Other Information企業管治及其他信息15Report on Review of Interim Financial Information中期財務資料的審閱報告17Condensed Consolidated Income Statement簡明綜合收益表18Condensed Consolidated Statement of Comprehensive Income簡明綜合全面收益表19Condensed Consolidated Statement of Financial Position簡明綜合財務狀況表21Condensed Consolidated Statement of Changes in Equity簡明綜合權益變動表22Condensed Consolidated Statement of Cash Flows簡明綜合現金流量表23Notes to the Condensed Consolidated Interim Financial Information簡明綜合中期財務資料附註43Glossary詞彙 Management Discussion and Analysis管理層討論及分析 整體回顧 OVERALL REVIEWREVENUE AND RESULTS 收益及業績 於本年度上半年，本公司的綜合收益由去年同期的港幣5.79億元下跌7.5%至港幣5.36億元。綜合收益下跌受多項因素影響，尤其是去年同期表現異常強勁，業績超乎預期，造成相對較高的比較基準。 In the first half of the current year, the Company reported a declineof 7.5% in the consolidated revenue, decreasing from HK$579 millionin the Previous Period to HK$536 million. The shift was attributable toa range of factors, particularly the unexpected and yet exceptionallyrobust performance registered in the Previous Period, which provided arelatively high baseline for comparison. The anticipated pace of economic recovery in Hong Kong has beenfar from satisfactory since the second half of the Previous Year. Theproperty market has exhibited ongoing sluggishness while the stockmarket has swung up and down. Amid changing consumer patterns,a strong Hong Kong dollar and an increasing popularity of outboundtravel, the local retail market has experienced persistent challengesdue to a hampered willingness to spend, resulting in a general revenuedecline across most business segments of the Group. 自上年度下半年以來，香港經濟的復甦步伐未如預期，表現強差人意。物業市場持續低迷，股市大起大落。隨著消費模式轉變、港幣呈現強勢及出境旅遊成為熱潮，本地零售市場因消費意欲不振而持續面臨挑戰，導致本集團大部分業務分部的整體收入下跌。 毛利率由去年同期的26.4%輕微下降至25.6%，主要是由於高利潤產品及服務的銷售比例減少所致。本期間的股東應佔淨利潤為港幣710萬元，較去年同期大幅下跌75.2%。除收益及毛利下跌外，投資物業因香港及中國物業市場放緩出現估值 虧損 港幣600萬元（去年同期：港幣530萬元）；因向一名客戶收回貿易應收賬項存在不確定性而產 生金 融資產減值虧損港幣150萬元（去年同期︰零）；因若干零售點產生虧損或未達標而產生物業、廠房及設備，以 及 使 用 權 資 產 減 值 虧 損 港 幣230萬 元（去 年同期：港幣130萬元），加上所得稅開支港幣360萬元（去年同期：所得稅抵免港幣170萬元），種種原因導致股東應佔淨利潤大幅下降。 Gross profit margin showed a slight decrease from 26.4% in thePrevious Period to 25.6%, primarily due to a reduced sales proportionof higher-margin products and services. The net profit attributable toShareholders for the Period was HK$7.1 million, reflecting a significantdecline of 75.2% compared to the Previous Period. Apart from thedrop in revenue and gross profit, the valuation loss of HK$6.0 million(Previous Period: HK$5.3 million) from investment properties, driven bythe slow property markets in Hong Kong and the PRC; the impairmentloss on financial assets of HK$1.5 million (Previous Period: nil), dueto uncertainty in recovering trade receivables from a customer; theimpairment loss on property, plant and equipment, and right-of-useassets of HK$2.3 million (Previous Period: HK$1.3 million) resultingfrom certain loss-making or underperformed retail locations; togetherwith the income tax expense of HK$3.6 million (Previous Period:income tax credit of HK$1.7 million) giving rise to a significant drop ofthe net profit attributable to Shareholders. Basic earnings per share stood at HK0.60 cent for the Period, downfrom HK2.43 cents in the Previous Period. In light of the prevailingeconomic uncertainties, the Board does not recommend the paymentof any interim dividend for the Period. 每股基本盈利由去年同期的2.43港仙下降至本期間的0.60港仙。由於當前經濟前景不明朗，董事會不建議就本期間派付任何中期股息。 BUSINESS REVIEWME