应星控股二零二五年中期报告

(Incorporated in the Cayman Islands with limited liability)()Stock Code: 1440 CONTENTS 2Corporate Information5Key Financial Highlights6Management Discussion and Analysis19Corporate Governance and Other Information27Report on Review of Interim Financial Information29Condensed Consolidated Income Statement30Condensed Consolidated Statement of Comprehensive Income31Condensed Consolidated Statement of Financial Position33Condensed Consolidated Statement of Changes in Equity36Condensed Consolidated Statement of Cash Flows38Notes to the Condensed Consolidated Financial Statements Corporate Information公司資料 BOARD OF DIRECTORSExecutive directors Larry Stuart Torchin Mr. Tsoi Wing Sing(Chairman)Mr. Lin MinqiangMr. Larry Stuart TorchinMs. Tsoi Lam Ki Independent non-executive directors Mr. Chow Kit TingDr. Chiu Kwok Hung, JustinMr. Mak Ming Hoi AUDIT COMMITTEE Mr. Chow Kit Ting(Chairman)Dr. Chiu Kwok Hung, JustinMr. Mak Ming Hoi REMUNERATION COMMITTEE Mr. Mak Ming Hoi(Chairman)Mr. Chow Kit TingDr. Chiu Kwok Hung, Justin NOMINATION COMMITTEE Mr. Tsoi Wing Sing(Chairman)Dr. Chiu Kwok Hung, JustinMr. Mak Ming Hoi AUDITOR 1842 Forvis Mazars CPA LimitedCertified Public Accountants, Hong Kong42nd Floor, Central Plaza18 Harbour Road, WanchaiHong Kong Corporate Information公司資料 REGISTERED OFFICE 71 Fort StreetP.O. Box 500George TownGrand Cayman KY1-1106Cayman Islands 71 Fort StreetP.O. Box 500George TownGrand Cayman KY1-1106Cayman Islands HEADQUARTERS AND PRINCIPAL PLACE OFBUSINESS 3888 No. 3888, Chigang Hanxin RoadJiangkou TownHanjiang District, Putian CityFujian, the PRC (CICPA, FCCA, FCPA) COMPANY SECRETARYMs. Xu Jing(CICPA, FCCA, FCPA) AUTHORISED REPRESENTATIVESMr. Tsoi Wing SingMs. Xu Jing PRINCIPAL BANKERS Bank of China Company Limited, Changle Sub-branchBank of China Company Limited, Hanjiang Sub-BranchIndustrial Bank Company Limited, Changle Sub-branchChina Merchants Bank, Fuzhou BranchChina Merchants Bank, Putian BranchBank of China (Hong Kong) Limited THE CAYMAN ISLANDS PRINCIPAL SHAREREGISTRAR AND TRANSFER OFFICE Appleby Global Services (Cayman) Limited71 Fort StreetP.O. Box 500George TownGrand Cayman KY1-1106Cayman Islands Appleby Global Services (Cayman) Limited71 Fort StreetP.O. Box 500George TownGrand Cayman KY1-1106Cayman Islands Corporate Information公司資料 HONG KONG SHARE REGISTRAR 183171712 1716 Computershare Hong Kong Investor Services LimitedShops 1712–1716, 17th FloorHopewell Centre183 Queen’s Road EastWan ChaiHong Kong PLACE OF BUSINESS IN HONG KONG 16921C Unit C, 21/FLee & Man Commercial Center169 Electric RoadNorth PointHong Kong www.starshineholdings.com COMPANY’S WEBSITEwww.starshineholdings.com STOCK NAMESTAR SHINE HLDG 1440 STOCK CODE1440 Key Financial Highlights主要財務摘要 20256302024630 The board (the “Board”) of directors (the “Directors”)of Star Shine Holdings Group Limited (the “Company”)announces the unaudited interim results of the Companyand its subsidiaries (collectively the “Group”) (and eachbeing “we”, “us” or “our Group” for the purposes of thisinterim report as appropriate) for the six months ended30 June 2025 (the “Interim Period”), together with thecomparative figures for the six months ended 30 June 2024. Management Discussion and Analysis管理層討論及分析 BUSINESS REVIEW (i)(ii)OEMODM We are a long-established lace manufacturer and dyeingservice provider. We are primarily engaged in two mainbusiness segments: (i) lace and dyeing segment (includingmanufacturing of lace and provision of dyeing services) and(ii) footwear segment. For our lace and dyeing segment, weprimarily manufacture and sell lace products to customersproducing branded lingerie products on an order-by-orderbasis; and serve lace and swimwear manufacturers whoprovide their fabrics for dyeing before further fabrication.For our footwear segment, we oversee the design, researchand development and sourcing of footwear. We createhigh-quality, innovative OEM and ODM footwear tailored tocustomer needs. The Group controls the footwear productsbefore transferring to customers with experienced team,taking primary responsibility from product development,sales, order fulfillment, logistic management, quality controland inventory management, and setting prices. 2024630273.45.6%288.686.2%20246 3085.7%20246300.122.5 The Group’s revenue increased by approximately 5.6%from approximately RMB273.4 million for the six monthsended 30 June 2024 to approximately RMB288.6 millionfor the Interim Period, primarily driven by the growthin our footwear business segment which accounted forapproximately 86.2% of the total revenue (for the sixmonths ended 30 June 2024: approximately 85.7%) wherethe increase in footwear revenue was mainly attributableto contribution of new orders from customers. The Grouprecorded a net loss that increased from approximatelyRMB0.1 million for the six months ended 30 June 2024 toapproximately RMB22.5 million for the Interim Period. Management Discussion and Analysis管理層討論及分析 OUTLOOK