江南布衣二零二四/二五中期报告

2024/25INTERIM REPORT中 期 報 告 PageCompany Introduction02Corporate Information03Financial Summary05Management Discussion and Analysis06Corporate Governance Practices22Report on Review of Interim Financial Information32Condensed Consolidated Statement of Comprehensive Income34Condensed Consolidated Balance Sheet35Condensed Consolidated Statement of Changes in Equity37Condensed Consolidated Statement of Cash Flows39Notes to the Condensed Consolidated Interim Financial Information40 COMPANY INTRODUCTION INFORMATION ON JNBY GROUP JNBY(i)(ii)jnby by JNBY(iii)L E S SP O M M ED ET E R R EJNBYHOMEonmygameB1OCK(Just Naturally Be Yourself) JNBYDesign Limited(the“Company”or“JNBY Group”)and its subsidiaries(the“Group” or “we”) are an influential designer brand fashion house based in China.We design, promote and sell contemporary apparel, footwear and accessories as wellas household products. As at December 31, 2024, our brand portfolio comprises anumber of brands in three stages — the Mature brand, namely JNBY, three Youngerbrands, namely (i) CROQUIS, (ii) jnby by JNBY and (iii) LESS, as well as variousEmerging brands, such as POMME DE TERRE (), JNBYHOME, onmygame andB1OCK, each targeting at a distinct customer segment and having a uniquely defineddesign identity based on our Group’s universal brand philosophy — “Just NaturallyBe Yourself”. JNBYjnbyby JNBYLESSP O M M ED E T E R R EJNBYHOMEonmygameB1OCK+ Our products target at middle- and upper-income customers who seek to expresstheir individuality through fashionable products. Our broad range of product offeringandbrand portfolio create a lifestyle ecosystem that enables us to address ourcustomers’needs at different stages and scenarios of their lives,which in turnallowsus to build a large,diversified and loyal customer base.We started ourbusiness in 1994 by selling women’s apparel with the brand JNBY aimed at providingcontemporarywell-designed and high-quality women’s wear to consumers.Weexpanded our brand portfolio between 2005 and 2011 to include CROQUIS, jnby byJNBY and LESS. During 2016–2019, we further launched various Emerging brands,suchas POMME DE TERRE()and JNBYHOME,and in 2024,we added thechildren’sapparel brand,onmygame,and buyer-driven department store brand,B1OCK,to the Emerging brands matrix through acquisition,so that our productmixes could be more diversified and segmented and we could cover consumers ofmost age groups. Meanwhile, we continuously launched new consumption scenariosorproducts such as“Box Project”and“JIANGNANBUYI+”multi-brand collectionstores to provide consumers with more value-added services. Taking into account our customers’ purchasing patterns and information needs, wehaveestablished an omni-channel interactive platform comprising physical retailstores,online platforms and WeChat-based social media interactive marketingservice platform, with each component playing a critical role in attracting fans andtransforming our potential fans into loyal fans. We aim to build up a “JNBY FansEconomy” system, which is based on a community of fans whose purchases aredriven by their affinity to the lifestyle we aim to promote. CORPORATE INFORMATION BOARD OF DIRECTORS EXECUTIVE DIRECTORSMr. Wu Jian(Chairman)Ms. Li LinMs. Wu Huating NON-EXECUTIVE DIRECTORMr. Wei Zhe INDEPENDENT NON-EXECUTIVE DIRECTORSMr. Lam Yiu PorMs. Han MinMr. Hu Huanxin BOARD COMMITTEES AUDIT COMMITTEEMr. Lam Yiu Por(Chairman)Ms. Han MinMr. Hu Huanxin REMUNERATION COMMITTEE Mr. Hu Huanxin(Chairman)Mr. Wu JianMr. Lam Yiu Por NOMINATION COMMITTEEMr. Wu Jian(Chairman)Mr. Hu HuanxinMs. Han Min (FCG, HKFCG) JOINT COMPANY SECRETARIES Ms. Qian XiaopingMs. Ng Sau Mei (FCG, HKFCG) AUTHORISED REPRESENTATIVESMr. Wu JianMs. Ng Sau Mei Cricket Square, Hutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands REGISTERED OFFICE Cricket Square, Hutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands 3982–6 HEADQUARTERS Building 2–6, OōELiNo. 398 Tianmushan Road, Xihu DistrictHangzhou, Zhejiang Province, PRC 1229 PRINCIPAL PLACE OF BUSINESS IN HONG KONG Unit 9, 22/F, Seapower TowerNorth Tower, Concordia Plaza1 Science Museum RoadTsim Sha TsuiKowloonHong Kong, PRC 22 AUDITOR PricewaterhouseCoopersCertified Public Accountants22/F Prince’s BuildingCentralHong Kong, PRC THECAYMAN ISLANDS PRINCIPAL REGISTRAR ANDTRANSFER OFFICE Codan Trust Company (Cayman) LimitedCricket Square, Hutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands Codan Trust Company (Cayman) LimitedCricket Square, Hutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands MUFG Corporate Markets Pty Limited28161601 HONG KONG SHARE REGISTRAR MUFG Corporate Markets Pty LimitedSuite 1601, 16/F., Central Tower28 Queen’s Road CentralHong Kong, PRC PRINCIPAL BANKSBank of Hangzhou, Guanxiangkou Branch https://www.jiangnanbuyigroup.com.cn COMPANY’S WEBSITEhttps://www.jiangnanbuyigroup.com.cn 3306 STOCK CODE3306 LISTING DATEOctober 31, 2016 MANAGEMENT DISCUSSION AND ANALYSI