卡撒天娇2024年年报

CASABLANCA GROUP LIMITED (INCORPORATED IN THE CAYMAN ISLANDS WITH LIMITED LIABILITY) STOCK CODE Contents Corporate Information2公司資料Our Distribution Network4銷售網絡Financial Highlights6財務摘要Chairman’s Statement8主席報告Management Discussion and Analysis10管理層討論及分析Directors and Senior Management30董事及高級管理層Report of the Directors34董事會報告Corporate Governance Report54企業管治報告Independent Auditor’s Report76獨立核數師報告Consolidated Statement of Profit or Lossand Other Comprehensive Income85綜合損益及其他全面收入表Consolidated Statement of FinancialPosition86綜合財務狀況表Consolidated Statement of Changes inEquity88綜合權益變動表Consolidated Statement of Cash Flows90綜合現金流量表Notes to the Consolidated FinancialStatements92綜合財務報表附註Financial Summary168財務概要 About CasablancaAbout Casablanca關於卡撒天嬌 Casablanca Group since its establishmentin 1993 in Hong Kong, primarily engages indesigning, manufacturing, distribution andretailing of bedding products with a focus onthe high-end and premium markets underits proprietary “Casa Calvin”, “Casablanca” and“CASA-V” brands. The Group's products includethree main categories: bed linens, duvets andpillows, and home accessories. The Group isone of the leading branded bedding productscompanies in the PRC and Hong Kong. 卡撒天嬌集團於1993年在香港成立，主要以旗下自創品牌「卡撒·珂芬」、「卡撒天嬌」及「CASA-V」從事各種床上用品的設計、生產、分銷及零售，尤其專注高端及頂級床上用品市場。本集團產品主要分為三個種類，包括床品套件、被芯及枕芯，以及家居用品。現時本集團乃中港兩地品牌床上用品的領先企業之一。 CORPORATE INFORMATION公司資料 2223 STOCK CODE 2223 BOARD OF DIRECTORSEXECUTIVE DIRECTORS 執行董事 鄭斯堅先生（主席）鄭斯燦先生（副主席及行政總裁）王碧紅女士 Mr. Cheng Sze Kin(Chairman)Mr. Cheng Sze Tsan(Vice-chairman and Chief Executive Officer)Ms. Wong Pik Hung 獨立非執行董事 INDEPENDENT NON-EXECUTIVE DIRECTORS 盧紹良先生張華強博士周安華先生 Mr. Lo Siu LeungDr. Cheung Wah KeungMr. Chow On Wa COMMITTEESAUDIT COMMITTEE 審核委員會 盧紹良先生（主席）張華強博士周安華先生 Mr. Lo Siu Leung(Chairman)Dr. Cheung Wah KeungMr. Chow On Wa 薪酬委員會 REMUNERATION COMMITTEE 張華強博士（主席）盧紹良先生周安華先生 Dr. Cheung Wah Keung(Chairman)Mr. Lo Siu LeungMr. Chow On Wa 提名委員會 NOMINATION COMMITTEE 鄭斯堅先生（主席）盧紹良先生張華強博士周安華先生 Mr. Cheng Sze Kin(Chairman)Mr. Lo Siu LeungDr. Cheung Wah KeungMr. Chow On Wa 投資委員會 INVESTMENT COMMITTEE 鄭斯堅先生（主席）鄭斯燦先生周安華先生 Mr. Cheng Sze Kin(Chairman)Mr. Cheng Sze TsanMr. Chow On Wa COMPANY SECRETARYMr. Ho Yiu Leung 何耀樑先生 王碧紅女士何耀樑先生 AUTHORISED REPRESENTATIVES Ms. Wong Pik HungMr. Ho Yiu Leung REGISTERED OFFICE PO Box 309, Ugland HouseGrand Cayman KY1-1104Cayman Islands PO Box 309, Ugland HouseGrand Cayman KY1-1104Cayman Islands HEADQUARTERS AND PRINCIPAL PLACE OF BUSINESS 香港新界火炭黃竹洋街9-13號仁興中心5樓 5/F Yan Hing Centre9-13 Wong Chuk Yeung StreetFotan, New TerritoriesHong Kong AUDITOR 鄭鄭會計師事務所有限公司執業會計師香港九龍九龍灣宏照道38號企業廣場5期1座35樓 CHENG & CHENG LIMITED,Certified Public AccountantsLevel 35, Tower 1, Enterprise Square Five,38 Wang Chiu Road, Kowloon Bay, Kowloon.,Hong Kong PRINCIPAL SHARE REGISTRAR AND TRANSFER OFFICE Maples Fund Services (Cayman) LimitedPO Box 1093, Boundary HallCricket SquareGrand Cayman KY1-1102Cayman Islands Maples Fund Services (Cayman) LimitedPO Box 1093, Boundary HallCricket SquareGrand Cayman KY1-1102Cayman Islands HONG KONG BRANCH SHARE REGISTRAR AND TRANSFEROFFICE 聯合證券登記有限公司香港北角英皇道338號華懋交易廣場2期33樓3301-04室 Union Registrars LimitedSuites 3301-04, 33/F,Two Chinachem Exchange Square,338 King’s Road,North Point, Hong Kong PRINCIPAL BANKERS 渣打銀行（香港）有限公司渣打銀行（中國）有限公司中國銀行（香港）有限公司中國銀行股份有限公司 Standard Chartered Bank (Hong Kong) LimitedStandard Chartered Bank (China) LimitedBank of China (Hong Kong) LimitedBank of China Limited COMPANY WEBSITE www.casablanca.com.hk www.casablanca.com.hk OUR DISTRIBUTION NETWORK銷售網絡 concession countersmost in wellknown department stores大多設於知名百貨公司 self-operated POSmost in Hong Kong andsouthern district of Mainland China(3)大多位於香港及中國內地(3)華南區域 FINANCIAL HIGHLIGHTS財務摘要 CHAIRMAN’S STATEMENT主席報告 本人欣然向卡撒天嬌集團有限公司（「本公司」）的股東（「股東」）呈報本公司及其附屬公司（「本集團」）截至2024年12月31日止年度（「本年度」或「回顧期內」）之年度報告。 I am pleased to present to shareholders of Casablanca Group Limited (the“Company”) (the “Shareholders”) the annual report of the Company and itssubsidiaries (together the “Group”) for the year ended 31 December 2024(the “Year” or the “Review Period”). 2024年對於大中華地區零售企業是經營環境非常艱難的一年。新冠疫情過後，環球政治及經濟環境持續不明朗，外圍經濟復甦速度緩慢，中港兩地股票市場及物業市場又陰晴不定，導致大中華地區消費者信心低落。香港市民除了熱衷於假期到海外旅遊，週末亦習慣到中國內地消費，令致香港2024年假日期間市面人流疏落，街上或商場內出現不少空置店舖，更令人憂慮前景而減少消費。除受外圍不利的環境因素影響外，由於本集團負責中國內地直播銷售業務的子公司向其中一位前股東提出訴訟及其後進行新舊股東更替安排，導致此子公司於本年度大部份時間皆未作全面營運。本集團回顧期內營業收入對比2023年同期下跌約13.0%；本公司本年度擁有人應佔虧損約港幣9.8百萬元。鑒於短期內零售市場經營環境困難，本公司董事會（「董事會」）決議不建議派付本年度末期股息，以留備充足現金，應對往後不明朗情況及供未來業務發展之用。 The year 2024 was a highly challenging year in terms of operatingenvironment for retail businesses in the Greater China Region. Followingthe COVID-19 pandemic, the global political and economic environmentremained uncertain. With external economic recovery progressing slowly,the stock and property markets in Mainland China and Hong Kong werevolatile, leading to muted consumer confidence in the Greater ChinaRegion. In addition to Hong Kong residents’ enthusiasm for travellingover