颐海国际2025中期报告

（於開曼群島註冊成立的有限公司）股份代號Stock Code: 1579(Incorporated in the Cayman Islands with limited liability) 2 6 10 11 46 48 BOARD OF DIRECTORS Executive Directors Mr. Sean Shi(Chairman)Mr. Guo Qiang(Chief Executive Officer)Mr. Sun ShengfengMs. Shu PingMr. Zhao Xiaokai Non-executive Director Mr. Zhang Yong Independent Non-executive Directors Ms. Cui JinMr. Wang Xin(since 26 March 2025)(Note 1)Ms. Li Ping(since 17 July 2025)(Note 2)Mr. Peng Long(from 26 March 2025to 17 July 2025)(Note 3)Mr. Qian Mingxing(until 26 March 2025)(Note 4)Ms. Ye Shujun(until 26 March 2025)(Note 5) 20253 26120257172202532620257 1732025326420253265 AUDIT COMMITTEE 20253 26120257172202532620257 17320253 26420253265 Ms. Cui Jin(Chairman)Mr. Wang Xin(since 26 March 2025)(Note 1)Ms. Li Ping(since 17 July 2025)(Note 2)Mr. Peng Long(from 26 March 2025to 17 July 2025)(Note 3)Mr. Qian Mingxing(until 26 March 2025)(Note 4)Ms. Ye Shujun(until 26 March 2025)(Note 5) REMUNERATION COMMITTEE 2025717220253 261202532620257 1732025326520253264 Ms. Li Ping(Chairman) (since 17 July 2025)(Note 2)Ms. Shu PingMr. Wang Xin(since 26 March 2025)(Note 1)Mr. Peng Long(from 26 March 2025to 17 July 2025)(Note 3)Ms. Ye Shujun(until 26 March 2025)(Note 5)Mr. Qian Mingxing(until 26 March 2025)(Note 4) NOMINATION COMMITTEE 2025326620257 17220253 2620257 1732025326420253265 Mr. Sean Shi(Chairman)Ms. Cui Jin(since 26 March 2025)(Note 6)Ms. Li Ping(since 17 July 2025)(Note 2)Mr. Peng Long(from 26 March 2025to 17 July 2025)(Note 3)Mr. Qian Mingxing(until 26 March 2025)(Note 4)Ms. Ye Shujun(until 26 March 2025)(Note 5) JOINT COMPANY SECRETARIES Ms. Yue DianhongMs. Chan Yin Wah Notes: 1Mr. Wang Xin has been appointed as an independent non-executiveDirector, a member of the Audit Committee and the RemunerationCommittee with effect from 26 March 2025.2Ms. Li Ping has been appointed as an independent non-executiveDirector, the chairman of the Remuneration Committee and a member ofthe Audit Committee and the Nomination Committee with effect from 17July 2025.3Mr. Peng Long served as an independent non-executive Director, thechairman of the Remuneration Committee and a member of the AuditCommittee and the Nomination Committee from 26 March 2025 to 17July 2025.4Mr. Qian Mingxing retired from his positions as an independent non-executive Director, a member of the Audit Committee, the RemunerationCommittee and the Nomination Committee with effect from 26 March2025.5Ms. Ye Shujun retired from her positions as an independent non-executiveDirector, the chairman of the Remuneration Committee and a member ofthe Audit Committee and the Nomination Committee with effect from 26March 2025.6Ms. Cui Jin has been appointed as a member of the Nomination Committeewith effect from 26 March 2025. 12025326 220257 17 320253262025717 420253 26 520253 26 620253 26 AUTHORIZED REPRESENTATIVES Mr. Sun ShengfengMs. Chan Yin Wah AUDITOR PricewaterhouseCoopersCertified Public Accountants and Registered Public Interest Entity Auditor HONG KONG LEGAL ADVISER 1526 Kirkland & Ellis26/F, Gloucester TowerThe Landmark15 Queen’s Road CentralHong Kong REGISTERED OFFICE P.O. Box 31119 Grand PavilionHibiscus Way802 West Bay RoadGrand CaymanKY1 – 1205 Cayman Islands P.O. Box 31119 Grand PavilionHibiscus Way802 West Bay RoadGrand CaymanKY1 – 1205 Cayman Islands CORPORATE HEADQUARTERS Units 2806-2809, Hongqi TowerNo. 40, Lane 363, Zhenhua South RoadPutuo DistrictShanghai, PRC 363402806-2809 PRINCIPAL SHARE REGISTRAR AND TRANSFER AGENT INTHE CAYMAN ISLANDS Suntera (Cayman) LimitedSuite 3204, Unit 2ABlock 3, Building DP.O. Box 1586Gardenia CourtCamana BayGrand Cayman, KY1 – 1100Cayman Islands Suntera (Cayman) LimitedSuite 3204, Unit 2ABlock 3, Building DP.O. Box 1586Gardenia CourtCamana BayGrand Cayman, KY1 – 1100Cayman Islands PRINCIPAL PLACE OF BUSINESS IN HONG KONG 24840 40th Floor, Dah Sing Financial CentreNo. 248 Queen’s Road EastWan Chai, Hong Kong HONG KONG SHARE REGISTRAR 1831717121716 Computershare Hong Kong Investor Services LimitedShops 1712-171617th Floor, Hopewell Centre183 Queen’s Road EastWanchai, Hong Kong tzzgx@yihchina.com INVESTOR RELATIONS Email: tzzgx@yihchina.com www.yihchina.com WEBSITEwww.yihchina.com STOCK CODE 15791579 2025 2025 INTERIM PERFORMANCE REVIEW 2025 In the first half of 2025, with the domestic economy maintaining overallstability and the gradual effects of macroeconomic policies for boostingconsumption, the consumer market has recovered steadily. However,there remains room for improvement in residents’ consumption powerand confidence, and the endogenous driving force for domesticconsumption still needs to be strengthened. In the first half of 2025, the Group’s revenue from third-party businessamounted to RMB2,063.7 million, representing a year-on-year increaseof 6.5%, primarily due to the continuously improved product researchand development mechanism and refined channel management, aswell as the continuously optimised supply chain