利福中国2024 年报

ContentsContents目錄目錄 01Corporate Profile02Corporate Information04Chairman’s Statement06Management Discussion andAnalysis18Environmental, Social andGovernance Report40Corporate Governance Report55Profile of Directors57Directors’ Report66Independent Auditor’s Report 74Consolidated Statement of Profitor Loss and Other ComprehensiveIncome75Consolidated Statement ofFinancial Position77Consolidated Statement ofChanges in Equity78Consolidated Statement ofCash Flows80Notes to the ConsolidatedFinancial Statements159Five-Year Group FinancialSummary160Particulars of Major Property CorporateCorporateProfileProfile企業簡介企業簡介 Lifestyle China Group Limited (“Lifestyle China” or together with its subsidiaries, the “Group”) is an establishedretail venue operator based in the PRC. The Group operates two “Fashionable Lifestyle” department stores underthe Jiuguang brand in Shanghai and Suzhou respectively as well as a commercial complex with a gross floor areaof 350,000 square meters. Targeting the mid-range to upper-end consumer market in China, the Group stands out with its appealingproduct and brand portfolios and top-notch one-stop shopping experiences. The Group is committed tooptimising its product mix and enhancing its customer services by organizing promotion activities offering richconsumption scenarios with an aim to satisfy the diverse needs of local consumers in terms of shopping, leisureand lifestyle. In addition to operating its own retailing venues, the Group has been maintaining a strategic equity interest in theBeiren Group, a leading retailing group based in Shijiazhuang, Hebei Province, PRC. The business activities of theBeiren Group cover department stores, supermarkets, electrical appliances stores, gold and jewelry shops andoutlet malls. The business performance of the Beiren Group and the share of its results by the Group is significantto the Group. 35 Board of Directors Executive Directors Mr. Lau Luen Hung, Thomas(Chairman and Chief Executive Officer)Mr. Lau Kam SenMs. Lau Kam Shim Non-executive Director Ms. Chan Chor Ling, Amy Independent Non-executive Directors � Ms. Cheung Mei HanMr. Cheung Yuet Man, RaymondMr. Lam Kwong Wai Company Secretary Mr. Poon Fuk Chuen Audit Committee 悅 Mr. Lam Kwong Wai (Chairman)Ms. Cheung Mei HanMr. Cheung Yuet Man, Raymond Remuneration Committee 悅 Mr. Lau Luen Hung, ThomasMr. Lam Kwong Wai (Chairman)Ms. Cheung Mei HanMr. Cheung Yuet Man, Raymond Nomination Committee 悅 Mr. Lau Luen Hung, Thomas (Chairman)Ms. Cheung Mei HanMr. Cheung Yuet Man, RaymondMr. Lam Kwong Wai Registered Office Cricket SquareHutchins Drive, P.O. Box 2681Grand Cayman KY1-1111Cayman Islands Cricket SquareHutchins Drive, P.O. Box 2681Grand Cayman KY1-1111Cayman Islands Head Office and Principal Placeof Business in Hong Kong 55520 20th Floor, East Point Centre555 Hennessy RoadCauseway Bay, Hong Kong Principal Bankers Agricultural Bank of ChinaIndustrial and Commercial Bank of ChinaBank of China (Hong Kong) Limited Auditor PricewaterhouseCoopersCertified Public Accountants andRegistered Public Interest Entity Auditor Hong Kong Share Registrar andTransfer Office 183171712–1716 Computershare Hong Kong Investor Services LimitedShops 1712–1716, 17th Floor, Hopewell Centre183 Queen’s Road East, Wanchai, Hong Kong Cayman Islands Share Registrar andTransfer Office Suntera (Cayman) LimitedSuite 3204, Unit 2A, Block 3, Building DP.O. Box 1586, Gardenia Court, Camana BayGrand Cayman, KY1-1100, Cayman Islands Suntera (Cayman) LimitedSuite 3204, Unit 2A, Block 3, Building DP.O. Box 1586, Gardenia Court, Camana BayGrand Cayman, KY1-1100, Cayman Islands Share Information 21365001.0315.08* Place of listing: The Stock Exchange of Hong Kong LimitedStock code: 2136Board lot: 500 sharesFinancial year end: 31 DecemberClosing share price at 31 December 2024: HK$1.03Market capitalisation at 31 December 2024: HK$1,508 million* Website www.lifestylechina.com.hk www.lifestylechina.com.hk 主席報告主席報告ChairmanChairman’’ss Lau Luen Hung, ThomasChairman 2024 proved to be fraught with challenges in the global political andeconomic landscape, as the path to global economic recovery remainedarduous and uneven. Amidst this complex interplay of external pressuresand internal constraints, China’s economy demonstrated remarkableresilience, maintaining overall stability while achieving incrementalprogress, with key economic indicators sustaining a positive trajectory. Shanghai Jiuguang marked its 20th anniversary in September 2024, amilestone commemorated through the launch of the “Shanghai JiuguangDepartment Store 20th Anniversary Gala” and a nostalgic exhibition thatchronicled two decades of challenges, achievements, and evolution sinceits inauguration in 2004. Throughout this journey, the Group has remainedsteadfast in its “Customer-First” philosophy, unwavering in its commitmentto delivering superior products and services. As the retail landscapeincreasingly prioritizes personalized engage