机构评级方面，目前暂无机构对该股做出投资评级建议。 行业估值方面，纺织及服饰行业市盈率（TTM）平均值为-5.37倍，行业中值-0.17倍。慕诗国际市盈 率-0.64倍，行业排名第114位；其他FAST RETAIL-DRS（06288.HK）为0.38倍、浙江永安 （08211.HK）为1.34倍、都市丽人（02298.HK）为3.52倍、其利工业集团（01731.HK）为3.58倍、大人 国际（01957.HK）为3.65倍。 资料显示，慕诗国际集团有限公司是一家主要从事时尚服饰及配饰的设计、制造、零售及批发的香港投 资控股公司。慕诗集团成立于1997年,是一个国际高级时装品牌,以其时尚独特的设计,高品质的制造和精 湛的制作工艺而闻名。慕诗的设计着眼于如刺绣,亮片等配饰的每一个手工制作的细节,突显出穿着者的 华丽优雅气息。MOISELLECLASSIC和NEWLOOK两个系列为女士们提供了不同的选择,从而满足不同 的需求。其独特的设计,丰富的细节,精湛的切割再加上舒适的物料,打造出一个个完美的MOISELLE风 格。由日常工作装,优雅的礼服,以至量身定制的晚礼服,两个系列都提供了最完美的选择。当代而精致的 ...

行业估值方面，纺织及服饰行业市盈率（TTM）平均值为-7.67倍，行业中值-0.29倍。慕诗国际市盈 率-0.67倍，行业排名第114位；其他FAST RETAIL-DRS（06288.HK）为0.37倍、浙江永安 （08211.HK）为1.34倍、都市丽人（02298.HK）为3.8倍、杉杉品牌（01749.HK）为3.84倍、其利工业 集团（01731.HK）为3.96倍。 5月14日，截至港股收盘，恒生指数上涨2.3%，报23640.65点。慕诗国际（00130.HK）收报0.156港元/ 股，上涨18.18%，成交量22.2万股，成交额3.38万港元，振幅10.61%。 资料显示，慕诗国际集团有限公司是一家主要从事时尚服饰及配饰的设计、制造、零售及批发的香港投 资控股公司。慕诗集团成立于1997年,是一个国际高级时装品牌,以其时尚独特的设计,高品质的制造和精 湛的制作工艺而闻名。慕诗的设计着眼于如刺绣,亮片等配饰的每一个手工制作的细节,突显出穿着者的 华丽优雅气息。MOISELLECLASSIC和NEWLOOK两个系列为女士们提供了不同的选择,从而满足不同 的需求。其独特的设计,丰富的细节,精湛的切割 ...

Financial Performance - Revenue for the six months ended September 30, 2024, was HKD 50,571,000, a decrease of 21.7% compared to HKD 64,620,000 in the same period of 2023[17] - The gross profit for the period was HKD 41,572,000, down from HKD 50,685,000, reflecting a gross margin decline[17] - The operating loss for the period was HKD 21,101,000, compared to an operating loss of HKD 12,649,000 in the previous year, indicating a worsening operational performance[17] - The net loss attributable to shareholders was HKD 23,605,000, compared to HKD 15,283,000 in the same period last year, representing a 54.5% increase in losses[11] - Basic loss per share for the period was HKD 0.08, compared to HKD 0.05 in the previous year, indicating a decline in shareholder value[18] - The total comprehensive loss for the period was HKD 18,696,000, compared to HKD 17,980,000 in the same period last year, indicating ongoing financial challenges[18] - The company recorded a pre-tax loss of HKD 23,943 thousand for the six months ended September 30, 2024, compared to a pre-tax loss of HKD 12,171 thousand in the same period of 2023, reflecting a worsening of approximately 96%[39] - The company experienced a significant decline in segment profit, reporting a loss of HKD 3,758 thousand for the six months ended September 30, 2024, compared to a profit of HKD 9,748 thousand in the same period of 2023[39] - The company reported a net cash inflow from operating activities of HKD 1,361 thousand for the six months ended September 30, 2024, compared to HKD 6,028 thousand in the same period of 2023, representing a decrease of approximately 77.6%[34] Assets and Liabilities - Total assets less current liabilities amounted to HKD 462,486,000, down from HKD 493,206,000 as of March 31, 2024[31] - The company's net asset value was HKD 380,239,000, a decrease from HKD 398,935,000 as of March 31, 2024[31] - Cash and cash equivalents at the end of the period were HKD 11,336,000, compared to HKD 23,558,000 at the end of the previous period, indicating a liquidity squeeze[31] - The group’s net current liabilities increased to HKD 50 million as of September 30, 2024, compared to HKD 24 million on March 31, 2024[90] - The capital debt ratio was approximately 23.7% as of September 30, 2024, slightly up from 23.5% on March 31, 2024[90] Revenue Breakdown - Revenue in Hong Kong decreased by 25% year-on-year to approximately HKD 29,000,000[49] - Revenue in mainland China fell by 10% to approximately HKD 13,000,000 due to declining consumer demand and currency depreciation[49] - Revenue in Macau dropped by 34% to approximately HKD 5,000,000, impacted by store relocations and closures[49] - Overall revenue decreased by 22% year-on-year to approximately HKD 51,000,000[70] - Revenue from the Hong Kong business decreased by 25% year-on-year to HKD 29,394,000 for the first nine months of 2024, with visitor numbers at 69.69% of pre-pandemic levels[104] - Revenue from the domestic business declined by 10% year-on-year to HKD 13,115,000, impacted by a weak RMB and cautious consumer attitudes[109] - The Macau business revenue dropped by 34% to HKD 4,593,000 during the period, following the relocation of the MOISELLE retail store[113] - The group’s revenue from Taiwan operations slightly decreased to approximately HKD 3,469,000, accounting for about 7% of total revenue during the period[131] Cash Flow and Financing - The company reported a net cash outflow from investing activities of HKD 1,911 thousand for the six months ended September 30, 2024, compared to a net cash inflow of HKD 16,052 thousand in the same period of 2023[34] - The cash flow from financing activities resulted in a net cash outflow of HKD 11,648 thousand for the six months ended September 30, 2024, compared to a net cash outflow of HKD 3,572 thousand in the same period of 2023[34] - The company reported a decrease in cash and cash equivalents due to a net decrease of HKD 12,198 thousand during the period, compared to an increase of HKD 18,508 thousand in the same period of 2023[34] - As of September 30, 2024, the group's cash and bank deposits totaled approximately HKD 11,000,000, down from HKD 24,000,000 as of March 31, 2024[115] - The group secured a total bank financing of approximately HKD 84,000,000 as of September 30, 2024, an increase from HKD 73,000,000 as of March 31, 2024[115] - The group obtained bank loans of HKD 58,000,000 for operational funding, up from HKD 51,000,000 as of March 31, 2024[115] Business Strategy and Market Conditions - The company noted that economic downturn and bleak employment and business outlooks have negatively impacted consumer confidence, leading to challenges in the apparel retail market[46] - The company is actively expanding its customer base through promotions on social media platforms like Xiaohongshu and participating in mall promotional activities[71] - The company continues to reposition its main brand MOISELLE to cater to the preferences of younger consumers[71] - The group operates in the luxury and mid-range apparel market, with a total of 31 retail stores as of September 30, 2024, down from 32 stores on March 31, 2024[76] - The group continues to develop its e-commerce business, utilizing platforms like Xiaohongshu to expand its quality customer base[80] - The group is closely monitoring economic conditions and fashion trends to adjust its business strategies accordingly[88] - The company plans to further develop its e-commerce business and explore more technology in fashion design and garment processing to enhance operational efficiency[114] - The company is actively expanding its retail network in Hong Kong in prime locations while maintaining a focus on enhancing store performance[102] - The company has partnered with four local e-commerce platforms to develop its online sales channels[112] Corporate Governance - The company has established an audit committee to oversee financial reporting and risk management, consisting of three independent non-executive directors[150] - The roles of the chairman and CEO are currently held by the same individual, which the board believes ensures effective leadership and operational efficiency[144] - The company has reviewed its accounting principles and practices with the management team for the six months ending September 30, 2024[145] - The major shareholders, Super Result, hold approximately 65.99% of the company's equity, with both Mr. Chen and Ms. Xu each owning 46.7%[121] Dividends and Shareholder Returns - The company did not declare an interim dividend for the year ending March 31, 2025, compared to no dividend declared for the year 2024[43] - The company has not purchased, sold, or redeemed any of its listed securities during the reporting period[143]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示概不會就因本公告之全 部或任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 MOISELLE INTERNATIONAL HOLDINGS LIMITED 慕詩國際集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：130） 未經審核中期業績 截至二零二四年九月三十日止六個月 慕 詩 國 際 集 團 有 限 公 司（「本公司」）董 事 會（「董事會」）宣 佈 本 公 司 及 其 附 屬 公 司（統 稱「本集團」或「慕 詩」）截 至 二 零 二 四 年 九 月 三 十 日 止 六 個 月 之 未 經 審 核 簡 明 綜 合 中期業績，連同二零二三年同期之比較數字如下： 簡明綜合損益及其他全面收益表 未經審核 | --- | --- | --- | --- | |--------------------------------------|---------|-----------------------------------|------------------| | ...

目 錄 CONTENTS 2 公司資料 Corporate Information 4 主席報告 Chairman's Statement 12 管理層討論及分析 Management Discussion and Analysis 22 董事及高級管理人員簡介 Directors and Senior Management Profiles 27 企業管治報告 Corporate Governance Report 40 董事會報告書 Directors' Report 53 獨立核數師報告書 Independent Auditor's Report 64 綜合損益及其他全面收益表 Consolidated Statement of Profit or Loss and Other Comprehensive Income 66 綜合財務狀況表 Consolidated Statement of Financial Position 68 綜合權益變動表 Consolidated Statement of Changes in Equity 69 綜合現金流量表 Consolidated Statement ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不會就因本公告之全部或 任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 MOISELLE INTERNATIONAL HOLDINGS LIMITED 慕詩國際集團有限公 司 （於開曼群島註冊成立之有限公司） （股份代號：130） 截至二零二四年三月三十一日止年度之 全年業績公告 全年業績 慕詩國際集團有限公司（「本公司」）之董事（「董事」）會（「董事會」）宣佈本公司及 其附屬公司（「本集團」或「慕詩」）截至二零二四年三月三十一日止年度（「本年度」） 之綜合業績連同去年同期之比較數字如下： 綜合損益及其他全面收益表 截至二零二四年三月三十一日止年度 | | | 二零二四年 | 二零二三年 | | --- | --- | --- | --- | | | 附註 | 千港元 | 千港元 | | 收益 | 3 | 137,311 | 127,946 | | 銷售成本 | | (26,827) | (34,666) | | 毛利 | | 110,484 | 93,280 | | 其 ...

Financial Performance - The company reported a loss attributable to shareholders of HKD 15,283,000 for the six months ended September 30, 2023, compared to a loss of HKD 16,721,000 in the same period last year, representing a 8.6% improvement [2]. - The total comprehensive expenses for the period amounted to HKD 17,982,000, slightly higher than HKD 17,113,000 in the previous year, indicating a 5.1% increase [2]. - Basic loss per share was HKD 0.05, an improvement from HKD 0.06 in the prior year, reflecting a 16.7% reduction in loss per share [2]. - The total equity attributable to shareholders decreased to HKD 443,336,000 from HKD 461,316,000, reflecting a decline of 3.9% [4]. - The group reported a pre-tax loss of HKD 12,171,000 for the period, an improvement from a loss of HKD 16,440,000 in the previous year [16]. - The basic loss per share for the six months ended September 30, 2023, was HKD 15,283,000, compared to HKD 16,721,000 in the same period last year [21]. - The total comprehensive loss for the period was HKD 2,699,000, compared to a loss of HKD 392,000 in the same period last year [80]. - The company incurred financing costs of HKD 1,636,000, which is significantly higher than HKD 820,000 in the previous year [80]. - Other income for the period was HKD 3,447,000, down from HKD 7,483,000, indicating a decline in non-operational revenue sources [80]. Cash Flow and Assets - Cash and cash equivalents increased to HKD 34,148,000 at the end of the reporting period, compared to HKD 13,639,000 at the end of the previous year, representing a significant increase of 150.1% [8]. - Net cash generated from operating activities was HKD 6,028,000, a recovery from a net cash outflow of HKD 3,391,000 in the same period last year [8]. - The company reported net cash from investing activities of HKD 16,052,000, a significant improvement from a net cash outflow of HKD 590,000 in the previous year [8]. - The company's total assets less current liabilities stood at HKD 535,140,000 as of September 30, 2023, down from HKD 558,524,000 as of March 31, 2023, showing a decrease of 4.2% [4]. - As of September 30, 2023, the group's bank deposits and cash balance totaled approximately HKD 34,000,000, up from HKD 14,000,000 on March 31, 2023 [66]. - The group's net current liabilities amounted to HKD 11,000,000 as of September 30, 2023, down from HKD 19,000,000 on March 31, 2023 [67]. - The capital debt ratio was approximately 17.6% as of September 30, 2023, compared to 14.2% on March 31, 2023 [67]. Revenue and Market Performance - The group's external customer revenue for the six months ended September 30, 2023, was HKD 39,447,000, an increase of 30.5% compared to HKD 30,282,000 in the same period last year [16]. - The group's segment profit for the same period was HKD 9,937,000, significantly up from HKD 3,037,000 in the previous year, reflecting a growth of 227.5% [16]. - The total revenue for the group, including inter-segment revenue, reached HKD 43,898,000, compared to HKD 35,385,000 in the previous year, marking an increase of 24.0% [16]. - Revenue for the six months ended September 30, 2023, was HKD 64,620,000, an increase of 15.5% compared to HKD 56,133,000 for the same period in 2022 [80]. - Revenue from the Hong Kong business recorded a 30% year-on-year increase, while revenue from Macau grew by 15%; however, revenue from mainland China and Taiwan declined by 9% and 5%, respectively [38]. - The group's revenue in Hong Kong increased by 30% to HKD 39,447,000 during the period, attributed to the rebound of visitors following the lifting of quarantine measures [51]. - Revenue from the group's operations in mainland China decreased by 9% to HKD 14,611,000, impacted by the real estate crisis and cautious consumer behavior [55]. - Macau business revenue increased by 15% year-on-year, reaching approximately HKD 6,908,000 as of September 30, 2023 [59]. - Taiwan business revenue decreased by 5% year-on-year to approximately HKD 3,654,000, accounting for about 6% of the group's total revenue during the period [60]. Strategic Initiatives and Future Outlook - The company has not disclosed specific future outlook or guidance in the provided documents, indicating a cautious approach amid market conditions [5]. - There are no mentions of new products, technologies, market expansions, or acquisitions in the current report, suggesting a focus on stabilizing existing operations [5]. - The company plans to focus on market expansion and new product development to drive future growth [80]. - The company is exploring potential mergers and acquisitions to enhance its market position and operational capabilities [80]. - The group expects the apparel retail market to take over two years to fully recover from the severe operating environment experienced over the past three years [62]. - The group plans to expand its e-commerce business in mainland China by partnering with more online shopping platforms in the second half of the fiscal year [63]. Operational Developments - The group has committed capital expenditures of HKD 19,000 for the purchase of property, plant, and equipment that have not yet been recognized in the financial statements [30]. - The group has entered into a new three-year lease agreement with annual payments of HKD 2,739,000, up from HKD 1,404,000 in the previous lease [30]. - The number of retail stores increased from 32 to 35 between March 31, 2023, and September 30, 2023, with closures of underperforming stores and openings in promising locations [50]. - The group opened a new MOISELLE store in Central in May 2023 and a LANCASTER store in Mong Kok in December 2022, focusing on enhancing retail performance in Hong Kong [53]. - The group maintains a strategy of a small and refined store network in mainland China, retaining one store in each operational city [56]. - The group held a fashion show in Shenzhen in October 2023 to showcase its latest luxury fashion clothing [58]. - The group integrates elements of environmental awareness and art into store designs to enhance the shopping experience [53]. - The group conducts small handmade art classes in stores as part of its sales and promotional efforts to attract younger customers [53]. Human Resources and Governance - The group employed 303 staff as of September 30, 2023, an increase from 285 on March 31, 2023 [69]. - The group aims to enhance employee training to better understand product features and design concepts [63]. - The company has established an audit committee to oversee financial reporting and risk management, consisting of three independent non-executive directors [99]. - The chairman and CEO roles are currently held by the same individual, which the board believes ensures effective leadership and operational efficiency [96]. - The company has complied with the corporate governance code, except for deviations noted in specific clauses [95]. - The audit committee has reviewed the accounting principles and practices adopted by the group as of September 30, 2023 [99].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示概不會就因本公告之 全部或任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 MOISELLE INTERNATIONAL HOLDINGS LIMITED 慕詩國際集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：130) 未經審核中期業績 截至二零二三年九月三十日止六個月 慕詩國際集團有限公司（「本公司」）董事會（「董事會」）宣佈本公司及其附屬公司（統 稱「本集團」或「慕詩」）截至二零二三年九月三十日止六個月之未經審核簡明綜 合中期業績，連同二零二二年同期之比較數字如下： 簡明綜合損益及其他全面收益表 未經審核 截至九月三十日止六個月 （千港元） 附註 二零二三年 二零二二年 收益 2 64,620 56,133 銷售成本 (13,935) (13,818) 毛利 50,685 42,315 其他收入 3,447 7,483 ...

MOISELLE MOISELLE INTERNATIONAL HOLDINGS LIMITED 慕 詩 國 際 集 團 有 限 公 司 ( INCORPORATED IN THE CAYMAN ISLANDS WITH LIMITED LIABILITY ) ( 於 開 受 群 島 註 冊 成 立 之 有 際 公 可 ) STOCK CODE 股份代號: 130 yyy Annual Report 2023 二 三 年 度 年 報 MOISELLE 目 錄 CONTENTS 2 公司資料 Corporate Information 4 主席報告 Chairman's Statement 12 管理層討論及分析 Management Discussion and Analysis 20 董事及高級管理人員簡介 Directors and Senior Management Profiles 25 企業管治報告 Corporate Governance Report 38 董事會報告書 Directors' Report 49 獨立核數師報告書 Independent Auditor's Report 60 綜 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不會就因本公告之全部或 任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 MOISELLE INTERNATIONAL HOLDINGS LIMITED 慕 詩 國 際 集 團 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：130） 截至二零二三年三月三十一日止年度之 全年業績公告 及建議修訂本公司之組織章程大綱及章程細則 全年業績 慕詩國際集團有限公司（「本公司」）之董事會（「董事會」）宣佈本公司及其附屬公司 （「本集團」或「慕詩」）截至二零二三年三月三十一日止年度（「本年度」）之綜合業績 連同去年同期之比較數字如下： 綜合損益及其他全面收益表 截至二零二三年三月三十一日止年度 二零二三年 二零二二年 附註 千港元 千港元 收益 3 127,946 138,526 銷售成本 (34,666) (41,920) 毛利 93,280 96,606 其他收入 4 12,445 17,665 ...