颖通控股中期报告 2025

股份代號Stock code : 6883 Contents CORPORATE INFORMATIONFINANCIAL HIGHLIGHTSMANAGEMENT DISCUSSION AND ANALYSISCORPORATE GOVERNANCE AND OTHERINFORMATIONINTERIM CONDENSED CONSOLIDATED STATEMENTOF COMPREHENSIVE INCOMEINTERIM CONDENSED CONSOLIDATED STATEMENTOF FINANCIAL POSITIONINTERIM CONDENSED CONSOLIDATED STATEMENTOF CHANGES IN EQUITYINTERIM CONDENSED CONSOLIDATED STATEMENTOF CASH FLOWSNOTES TO INTERIM CONDENSED CONSOLIDATEDFINANCIAL INFORMATIONDEFINITIONS25620293032343571 BOARD OF DIRECTORS Executive Directors Mr. Lau Kui Wing(Chairman of the Board)Ms. Lam King(Chief Executive Officer)Ms. Lau Wing YinMr. Chu Wai Tsun Baggio(Chief Financial Officer) Independent Non-executive Directors Nagy Guillaume Nicolas SébastienChan Soh Cheng Mr. Tao Chi KeungMr. Nagy Guillaume Nicolas SébastienMs. Chan Soh Cheng AUDIT COMMITTEE Nagy Guillaume Nicolas SébastienChan Soh Cheng Mr. Tao Chi Keung(Chairman)Mr. Nagy Guillaume Nicolas SébastienMs. Chan Soh Cheng REMUNERATION COMMITTEE Mr. Nagy Guillaume Nicolas Sébastien(Chairman)Ms. Lam KingMr. Tao Chi Keung Nagy Guillaume Nicolas Sébastien NOMINATION COMMITTEE Chan Soh Cheng Mr. Lau Kui Wing(Chairman)Mr. Tao Chi KeungMs. Chan Soh Cheng 20251128 ENVIRONMENTAL, SOCIAL AND GOVERNANCECOMMITTEE(established since 28 November 2025) Ms. Lau Wing Yin(Chairlady)Mr. Lau Kui WingMs. Lam King CORPORATE INFORMATION HONG KONG LEGAL ADVISER 1519 Morgan, Lewis & Bockius 19th FloorEdinburgh TowerThe Landmark15 Queen’s Road CentralHong Kong AUDITORS 22 PricewaterhouseCoopersCertified Public AccountantsRegistered Public Interest Entity Auditor22/F Prince’s BuildingCentralHong Kong REGISTERED OFFICE Cricket SquareHutchins DrivePO Box 2681Grand Cayman KY1-1111Cayman Islands Cricket SquareHutchins DrivePO Box 2681Grand Cayman KY1-1111Cayman Islands HEADQUARTER AND PRINCIPAL PLACEOF BUSINESS IN HONG KONG 322 22/F, Enterprise Square TwoNo. 3 Sheung Yuet RoadKowloon, Hong Kong PRINCIPAL SHARE REGISTRAR AND TRANSFEROFFICE IN CAYMAN ISLANDS Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DrivePO Box 2681Grand Cayman KY1-1111Cayman Islands Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DrivePO Box 2681Grand Cayman KY1-1111Cayman Islands CORPORATE INFORMATION HONG KONG SHARE REGISTRAR 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong PRINCIPAL BANKS 1 Bank of China (Hong Kong) Limited1 Garden RoadHong Kong 99 DBS Bank (Hong Kong) LtdG/F, The Center99 Queen’s Road CentralCentralHong Kong www.eternal.hk COMPANY WEBSITEwww.eternal.hk 6883 STOCK CODE6883 FINANCIAL HIGHLIGHTS •20259301,028.020249301,064.43.4% •Total revenue for the six months ended 30 September 2025of approximately RMB1,028.0 million (six months ended 30September 2024: approximately RMB1,064.4 million), period-on-period decrease of approximately 3.4%. •2 0 2 593 0133.22024930115.515.3% •Profit for the six months ended 30 September 2025 ofapproximately RMB133.2 million (six months ended 30September 2024: approximately RMB115.5 million), period-on-period increase of approximately 15.3%. •202593011.3202493011.51.7% •Basic earnings per Share for the six months ended 30September 2025 of approximately RMB11.3 cents (six monthsended 30 September 2024: approximately RMB11.5 cents),period-on-period decrease of approximately 1.7%. •20259304.63.42024930 •The Board has resolved to declare an interim dividend ofHK4.6 cents per Share and a special dividend of HK3.4 centsper Share for the six months ended 30 September 2025 (sixmonths ended 30 September 2024: Nil). MANAGEMENT DISCUSSION AND ANALYSIS OVERVIEW OF PERFUMES INDUSTRY 20284 4 0 Driven by China’s rapidly expending “olfactory economy”, perfumeis playing an increasingly important role in consumers’ dailylives. According to Frost & Sullivan, the market size of perfumesin China is expected to reach approximately RMB44.0 billionin 2028, and maintain stable growth. Over the past few years,the perfumes and related fragrance products have becomeincreasingly popular in the Chinese market. Usage occasionshave expanded from conventional social settings to a farwider range of everyday spaces – homes, offices and travelenvironments. Perfumes are shifting from discretionary luxuriesto daily necessities, now serving as a key medium for consumersto express personal style and curate their ambient mood, therebycontinuously increasing product penetration. In particular, nicheperfumes houses – with their distinctive olfactory signatures,limited availability and compelling storytelling – are winningover consumers who value individuality and quality, whilesimultaneously fueling rapid growth in adjacent segments suchas home fragrance. Amid growing uncertainties in the global economy, competitionhas intensified. Some competitors have adopted aggressivepromotions and pricing strategies to capture market share. Thishas fueled a wave of price wars in the end market, compressingprofit pools across t