中国利郎：截至二零二五年六月三十日止六个月中期业绩公告

香港交易及结算所有限公司及香港联合交易所有限公司对本公告的内容概不负责，对其准确性或完整性亦不发表任何声明，并表明不会就本公告全部或任何部分内容而产生或因依赖该等内容而引致的任何损失承担任何责任。 （于开曼群岛注册成立的有限公司） （股份代号：1234） 截至二零二五年六月三十日止六个月中期业绩公告 中国利郎有限公司（“本公司”）董事会（“董事会”）欣然宣布本公司及其附属公司（统称“集团”）截至二零二五年六月三十日止六个月的未经审核综合业绩。本公告列载本公司二零二五年中期报告全文，并符合香港联合交 易所有限公司证券上市规则中有关中期业绩初步公告附载的资料的要求。 CONTENTS目录 2FinancialHighlights 财务摘要 4ManagementDiscussionandAnalysis 管理层讨论及分析 25ReviewReportoftheAuditor 核数师审阅报告 27CondensedConsolidatedStatementofProfitorLossandOtherComprehensiveIncome 简明综合损益及其他全面收益表 28CondensedConsolidatedStatementofFinancialPosition 简明综合财务状况表 30CondensedConsolidatedStatementofChangesinEquity 简明综合权益变动表 31CondensedConsolidatedStatementofCashFlows 简明综合现金流量表 32NotestotheUnauditedInterimFinancialReport 未经审核中期财务报告附注 47OtherInformation 其他资料 FINANCIALHIGHLIGHTS 财务摘要 Sixmonthsended30June 截至六月三十日止六个月 20252024 二零二五年二零二四年 Changes 变幅 (RMBmillion)(RMBmillion) （人民币百万元）（人民币百万元） (%) Revenue 收入 1,727.21,600.0 +7.9 Grossprofit 毛利 867.8800.5 +8.4 ProfitfromoperationsProfitattributabletoequity shareholdersfortheperiod 经营利润 权益股东应占期内 利润 260.1313.8242.5280.1 -17.1 -13.4 (RMBcents)(RMBcents) （人民币分）（人民币分） (%) Earningspershare 每股盈利 —Basic —基本 20.223.4 -13.6 —Diluted InterimdividendpershareSpecialinterimdividendpershare —摊薄 每股中期股息 每股特别中期股息 20.223.4HK11centsHK13cents11港仙13港仙HK5centsHK5cents 5港仙5港仙 -13.6-15.4 — (%)(%) (%points) （百分点） Grossprofitmargin 毛利率 50.250.0 +0.2 OperatingprofitmarginMarginofprofitattributabletoequity 经营利润率 权益股东应占利润率 15.119.6 -4.5 shareholders Returnonaverageshareholders’ 平均股东权益回报(1) 14.017.5 -3.5 equity(1) 5.67.0 -1.4 Effectivetaxrate Advertising,promotionalandrenovationexpenses 有效税率广告、宣传及装修 开支 17.818.0 -0.2 (aspercentageofrevenue)（占收入百分比） 11.0 13.3 -2.3 Sixmonthsended Yearended Sixmonthsended 30June2025截至二零二五年六月三十日 止六个月 31December2024截至二零二四年十二月三十一日 止年度 30June2024截至二零二四年六月三十日 止六个月 Averageinventoryturnoverdays(2)平均存货周转天数(2) 231 183 189 Averagetradereceivablesturnoverdays(3) 平均应收贸易账款 周转天数(3) 37 36 39 Averagetradepayablesturnoverdays(4) 平均应付贸易账款 周转天数(4) 179 157 162 02CHINALILANGLIMITED中国利郎有限公司 FINANCIALHIGHLIGHTS(CONTINUED) 财务摘要（续） Notes: (1)Returnonaverageshareholders’equityisequaltotheprofitattributabletoequityshareholdersfortheperioddividedbytheaverageofthebeginningandclosingbalancesoftotalshareholders’equity. (2)Averageinventoryturnoverdaysisequaltotheaverageofthebeginningandclosinginventorybalancesdividedbycostofsalesandmultipliedbythenumberofdaysintherelevantperiod. (3)Averagetradereceivablesturnoverdaysisequaltotheaverageofthebeginningandclosingtradereceivablesbalancesdividedbyrevenue(includingvalue-addedtax)andmultipliedbythenumberofdaysintherelevantperiod. (4)Averagetradepayablesturnoverdaysisequaltotheaverageofthebeginningandclosingtradeandbillspayablesbalancedividedbycostofsalesandmultipliedbythenumberofdaysintherelevantperiod. 附注： (1)平均股东权益回报以权益股东应占期内利润除以股东权益总额的期初及期末平均结余计算。 (2)平均存货周转天数以期初及期末平均存货结余除以销售成本，再乘以有关期内天数计算。 (3)平均应收贸易账款周转天数以期初及期末平均应收贸易账款结余除以收入（含增值税），再乘以有关期内天数计算。 (4)平均应付贸易账款周转天数以期初及期末平均应付贸易账款及应付票据结余除以销售成本，再乘以有关期内天数计算。 二零二五年中期报告INTERIMREPORT202503 MANAGEMENTDISCUSSIONANDANALYSIS 管理层讨论及分析 Inthefirsthalfof2025,theUnitedStatesproclaimedheavytariffsongoodsfromdifferentcountries,makingtheinternationaltradeenvironmentharshandcomplex.Inviewofthis,exportersspedupshipmentsduringtheSino-UStradenegotiationwindow,andthatbuttressedforeigntradeperformance.Inaddition,withthemainlandgovernmentintroducingconsumptionsubsidies,retailconsumptionhadaboostinthefirsthalfyear,andChina'sgrossdomesticproduct(GDP)recordedamoderategrowthof5.3%year-on-year.MorethanhalfoftheeconomicgrowthinChinawascontributedbyconsumption.Inthefirsthalfyear,totalretailsalesofconsumergoodsinthecountryincreasedby5.0%year-on-year,withconsumergoodsentitledtotrade-inpolicyperformingoutstandingly,andretailsalesofapparel,footwear,headwearandknitwearsawa3.1%growth(1),reflectiveofconsumersbeingcautiouswithspendingonnon-essentialgoods. ChinaLilangLimited(the“Company”or“ChinaLilang”,andtogetherwithitssubsidiaries,the“Group”)diligentlyadvanceditsstrategictransformationduringtheperiod,pluscontinuedtoimplementits“Multi-brandsandInternationalization”developmentstrategytoexpandbusiness.Forthesixmonthsended30June2025,theGroup’srevenueincreasedby7.9%toRMB1,727.2million.ProfitattributabletoEquityShareholderswasRMB242.5million,earningspersharewereRMB20.2cents.TakingintoaccounttheGroup'ssolidfinancialpositionandsufficientcashflow,theBoardofDirectorshasresolvedtodeclarean interimdividendofHK11centspershareandaspecialinterimdividendofHK5centspershare,therebymaintainingastablepayoutratio. Duringtheperiod,ChinaLilangwascommittedtoenhancingcompetitivenessofitsbrands–thecorecollection“LILANZ”andsmartcasualcollection“LESSISMORE”,soastoimproveoperationalefficiencyandincreasemarketshare.Afterthe“LILANZ”mainseriestrialedatransitiontoaDirect-to-Consumer(“DTC”)modelincertainregionslastyear,operationsshowedsignificantimprovement.Consequently,inthefirsthalfofthisyear,theGroupfurtheracquiredtheoperatingrightsoffirst-tierdistributorsinShandongProvinceandChongqi