中国派对文化2024 年报

(Incorporated in the Cayman Islands with limited liability)Stock Code:1532 Corporate Information2Chairman’s Statement4Directors’ Business Review andManagement Discussion and Analysis6Corporate Governance Report22Directors and Senior Management43Report of the Directors46Independent Auditor’s Report60Consolidated Statement of Profit or Loss andOther Comprehensive Income69Consolidated Statement of Financial Position71Consolidated Statement of Changes in Equity73Consolidated Statement of Cash Flows74Notes to the Consolidated Financial Statements76Five-Year Financial Summary192 Corporate Information公司資料 BOARD OF DIRECTORS Executive DirectorsMr. Teng Hao(Chairman)Mr. Xu Chengwu(Chief Executive Officer)Mr. Chen Jinbo (appointed on 6 May 2024) Independent Non-executive Directors Mr. Zheng Jin MinMr. Chen Wen HuaMs. Peng Xu AUDIT COMMITTEE Mr. Zheng Jin Min(Chairman)Mr. Chen Wen HuaMs. Peng Xu REMUNERATION COMMITTEE Mr. Chen Wen Hua(Chairman)Mr. Xu ChengwuMs. Peng Xu NOMINATION COMMITTEE Ms. Peng Xu(Chairlady)Mr. Teng HaoMr. Chen Wen Hua COMPANY SECRETARYMr. Chong Man Hung Jeffrey REGISTERED OFFICE Windward 3Regatta Office ParkP.O. Box 1350Grand Cayman KY1-1108Cayman Islands Windward 3Regatta Office ParkP.O. Box 1350Grand Cayman KY1-1108Cayman Islands HEADQUARTER AND PRINCIPAL PLACE OFBUSINESS IN THE PRC 3 No. 3 Chunchao RoadYichun Economic & Technological Development ZoneJiangxi Province, China PLACE OF BUSINESS IN HONG KONG 82225–27 Room 225–27, 2/F.Mega Cube, 8 Wang Kwong RoadKowloon Bay, KowloonHong Kong SHARE REGISTRAR AND TRANSFER OFFICE Principal Ocorian Trust (Cayman) LimitedWindward 3Regatta Office ParkP.O. Box 1350Grand Cayman KY1-1108Cayman Islands Ocorian Trust (Cayman) LimitedWindward 3Regatta Office ParkP.O. Box 1350Grand Cayman KY1-1108Cayman Islands 1617 Hong Kong branch Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong LEGAL ADVISORTC & Co., Solicitors AUDITORGrant Thornton Hong Kong LimitedCertified Public Accountants 1532 STOCK CODE1532 www.partytime.com.cn COMPANY WEBSITEwww.partytime.com.cn ir@partytime.com.cn INVESTORS RELATIONSir@partytime.com.cn Chairman’s Statement主席報告 Dear Shareholders: On behalf of the board (the “Board”) of directors (the “Directors”) ofChina Partytime Culture Holdings Limited (the “Company”, togetherwith its subsidiaries, collectively referred to as the “Group”), I ampleased to present to you the annual report of the Group for the yearended 31 December 2024. 10 The Group is principally engaged in the design, development,production, selling and marketing of cosplay products (includingcosplay costumes and cosplay wigs) and non-cosplay apparelswhich include mainly sexy lingerie. Our products are principally forexport sales to more than 10 countries and regions around the globeincluding mainly the U.S., Germany, the UK, Japan and Australia. In 2019, the Group also diversified and expanded to sub-leasingbusiness by entering several lease agreements which relate to thefactory premises situated in the PRC. During the year ended 31 December 2022, the Group also acquiredZhejiang Kelee which is principally engaged in the research anddevelopment, manufacturing and sale of fabric care, personal hygieneand home care products, etc. RESULTS SUMMARY 240.332.4%19.4%31.4%66.923.9179.5%151.4 The turnover for the year ended 31 December 2024 amountedto approximately RMB240.3 million, representing a decrease of32.4% as compared to that in 2023. Gross profit margin and netloss margin were approximately 19.4% and 31.4% respectively.The Group recorded a loss for the year attributable to owners of theCompany of approximately RMB66.9 million as compared to a loss ofapproximately RMB23.9 million for the corresponding year in 2023,which represented an increase of 179.5%. The Group maintainedhealthy financial position with net current assets of RMB151.4 millionand net cash position at the financial year end. PROSPECTS Looking forward, the global economic landscape remains complex.Inflation is gradually easing, but elevated interest rates continue toweigh on growth. Geopolitical tensions and uneven recoveries acrossmajor economies contribute to market uncertainties, affecting globaltrade and investment. The rise of slow fashion and customization saw a correspondingdecline in fast fashion in 2024, as more consumers gravitated towardsslow fashion and customization. Consumers began to prioritizequality over quantity, resulting in some of our major customers toadopt made-to-order models. Furthermore, geopolitical tensions andsupply chain disruptions in recent years led our customers to explorenearshoring and reshoring options. Our customers may source closerto home reduced lead times and reliability. Nearshoring, particularlyin the the United States and within the EU, allow customers torespond more quickly to consumer demands and changing fashiontrends. The Group will continue to use its best endeavor to improve theeff