新耀莱中期报告 2025/2026

)(Incorporated in Bermuda with limited liability於百慕達註冊成立之有限公司(Stock Code股份代號: 970) 中期報告 Contents Corporate Information2Financial Highlights5Management Discussion and Analysis7Condensed Consolidated Statement of Comprehensive Income27Condensed Consolidated Statement of Financial Position29Condensed Consolidated Statement of Changes in Equity31Condensed Consolidated Statement of Cash Flows33Notes to the Interim Condensed Consolidated Financial Statements34Additional Information63 Corporate Information BOARD OF DIRECTORS Executive DirectorsJu Qinghao(Chairman)Qiu Peiyuan(resigned with effect from12 June 2025) Non-executive DirectorsSze Ka Ho(resigned with effect from12 June 2025)Wu Peng(resigned with effect from12 June 2025)You Yiyang(resigned with effect from12 June 2025)Li Qingsong(resigned with effect from12 June 2025) Independent Non-executiveDirectorsChan Man Kit(resigned with effectfrom 11 July 2025)Liao Kenan(resigned with effectfrom 12 June 2025)Ng Wai Hung(resigned with effectfrom 12 June 2025)Wang HuiLi Yunjiu(appointed with effectfrom 12 June 2025)Ma Shuyang(appointed with effectfrom 11 July 2025) Corporate Information Chan Man Kit(Chairman) (resignedwith effect from 11 July 2025)Ma Shuyang(Chairlady) (appointedwith effect from 11 July 2025)You Yiyang(resigned with effectfrom 12 June 2025)Liao Kenan(resigned with effectfrom 12 June 2025)Wang Hui(appointed as a memberof the Audit Committee with effectfrom 12 June 2025)Li Yunjiu(appointed with effectfrom 12 June 2025) REMUNERATIONCOMMITTEE Ju Qinghao(Chairman)Qiu Peiyuan(resigned with effectfrom 12 June 2025)Liao Kenan(resigned with effectfrom 12 June 2025)Ng Wai Hung(resigned with effectfrom 12 June 2025)Wang HuiLi Yunjiu(appointed with effectfrom 12 June 2025) Corporate Information Financial Highlights FINANCIAL HIGHLIGHTS 1 , 0 4 6 , 1 2 6 , 0 0 01 3 . 6 %1,188,138,000 Revenue for the six months ended 30 September 2025 increased byapproximately 13.6% from HK$1,046,126,000 to HK$1,188,138,000as compared with the revenue recorded in the corresponding periodlast year. 112,417,00089,982,000 Grossprofit for the six months ended 30 September 2025decreased from HK$112,417,000 to HK$89,982,000. 4,636,00039,920,000 Otherincome,gains and losses for the six months ended 30September2025 were losses of HK$4,636,000(2024:losses ofHK$39,920,000). 430,00089,877,000 Impairment loss recognised on other intangible assets amounted toapproximately HK$430,000 (2024: HK$89,877,000). 23.8% Sellingand distribution costs for the six months ended 30September 2025 decreased by approximately 23.8% as comparedwith the same in the corresponding period last year. 61.2% Administrative expenses for the six months ended 30 September2025decreased by approximately 61.2%as compared with thesame in the corresponding period last year. 46,882,000562,895,000 Lossattributable to owners of the Company for the six monthsended 30 September 2025 was HK$46,882,000 as compared withlossattributable to owners of the Company of HK$562,895,000recorded in the corresponding period of 2024. 8.7130.0 Loss per share attributable to owners of the Company were HK8.7cents for the six months ended 30 September 2025 as comparedwith restated loss per share of HK130.0 cents in the last financialperiod. Nointerim dividend was declared for the six months ended 30September 2025 (2024: nil). Financial Highlights Management Discussion and Analysis PROSPECT AND OUTLOOK Looking ahead to the second half of this financial year, the globaleconomy continues to face multiple challenges, including slowinggrowth,uncertainty in trade policies,geopolitical tensions,andpersistent inflationary pressures. Global economic uncertainty andpersistent inflationary pressures may continue to weigh on consumersentiment, particularly in the luxury goods and automobile sectors. T M IBCG TheChina Luxury Consumer Forecast Report jointly released byTencentMarketing Insights(TMI)and Boston Consulting Group(BCG) highlightsthe increasingly prominent role of China’s luxurymarket in the global landscape, with its scale projected to exceedthe RMB1 trillion threshold in future. The report further notes theevolvingdynamics of China’s luxury consumer base,marked bycontinuous influx of new customers and increasingly sophisticatedspendingpower and demands.Besides,consumers’valueperceptions are shifting with greater emphasis on brands’ culturalheritageand product practicality.Finally,the report predicts thatChina’s luxury market will continue to exhibit tremendous potentialandvitality driven by technological advancements and evolvingconsumer expectations. 3,000274.217.8% Additionally,to promote stable consumption growth,Premier LiQiangmentioned the automobile industry multiple times in theReporton the Work of the Government delivered on 5 March2025.The report highlighted the government’s determination toimplement consumption-boosting initiatives, and formulate measuresto increase spending power, boost