Financial Performance - Total revenue increased by 8.4% to HK$5,230.3 million in 2024, compared to HK$4,823.2 million in 2023[19] - Revenue from Hong Kong rose by 16.5% to HK$2,923.2 million, accounting for 55.9% of total revenue[19] - Revenue from the jewellery segment surged by 41.0% to HK$1,893.0 million, representing 36.2% of total revenue[19] - Gross profit for the year was HK$1,480.9 million, slightly up from HK$1,450.3 million in 2023[20] - Net profit decreased by 14.0% to HK$256.7 million, down from HK$299.2 million in 2023[20] - Basic earnings per share fell to HK3.79 cents, compared to HK4.41 cents in the previous year[20] Dividends - The company recommended a final dividend of HK0.45 cent per share, down from HK0.56 cent in 2023[20] - Total dividends for the full year amounted to HK1.10 cents per share, a decrease from HK1.32 cents in 2023[20] - The Group's interim dividend for the Year was HK$0.65 per share, totaling approximately HK$44.1 million, a decrease from HK$51.5 million in 2023[101] - The proposed final dividend is HK$0.45 per share, amounting to approximately HK$32,700,000, down from HK$0.56 per share and HK$38,000,000 in 2023[106] Market Environment - Market uncertainties, including geopolitical tensions and soft consumer confidence in China, impacted the business environment[24] - The Group expects the overall retail market to regain growth momentum due to increased foot traffic and disposable income following recent economic stimulus measures[50] Business Strategy and Operations - The company continues to be a leading retailer of European-made watches and jewellery products under its own brand, "Emperor Jewellery"[25] - The Group aims to enhance its brand positioning and increase market share in the wedding market by expanding product diversity and personalisation[44] - The Group is focused on maintaining solid relationships with major high-end luxury Swiss watch brands to uphold its leading position in the watch industry[35] - The Group plans to optimise product offerings in response to dynamic market conditions and enhance its competitive edge[54] - The Group has established a presence on several online shopping platforms, including HKTVmall, Tmall, and jd.com, to enhance customer experience and expand revenue sources[46] Store and Market Presence - As of December 31, 2024, the Group operates a total of 82 stores across Hong Kong, Macau, Mainland China, Singapore, and Malaysia, with 34 stores in Mainland China alone[32] - Approximately 75% of the Group's stores in Mainland China are located in first-tier and new first-tier cities, aligning with its customer targeting strategy[33] Financial Position - As of December 31, 2024, the Group's bank balances and cash increased to HK$949.8 million, up from HK$619.6 million in 2023, with no bank borrowings reported[55] - The Group's current assets and current liabilities were approximately HK$4,071.8 million and HK$531.2 million, respectively, resulting in a current ratio of 7.7, an increase from 7.3 in 2023[56] - The Group maintained a net cash position with a net gearing ratio of zero as of December 31, 2024, consistent with the previous year[58] - The current ratio and quick ratio improved to 7.7 and 2.0, respectively, indicating strong liquidity[56] - The Group has approximately HK$1,043.3 million in unutilized banking facilities available for future use[55] Shareholder Information - As of December 31, 2024, Ms. Cindy Yeung holds 4,298,630,000 shares, representing 63.41% of the issued voting shares of the Company[141] - The Company has a share option scheme with 687,308,812 options available for grant, equating to 9.47% of the issued shares as of the report date[151] - The total number of shares held by Ms. Cindy Yeung in Emperor E Hotel is 636,075,041, which is 53.52% of the issued voting shares[148] Corporate Governance - The Board is committed to high standards of corporate governance, ensuring accountability, responsibility, and transparency towards shareholders and stakeholders[199] - The company fully complied with all code provisions of the Corporate Governance Code during the year[200] Connected Transactions - The Group's transactions with connected persons were deemed non-exempt continuing connected transactions under Chapter 14A of the Listing Rules[179] - The independent auditor issued an unqualified conclusion regarding the Non-exempt Continuing Connected Transactions (CCTs) in accordance with the Listing Rules[181]

Financial Performance - Total revenue increased by 8.4% to HKD 5,230 million for the year ended December 31, 2024, compared to HKD 4,823 million in 2023[4] - Net profit decreased by 14.0% to HKD 257 million, down from HKD 299 million in the previous year[4] - Adjusted EBITDA decreased by 7.9% to HKD 433 million, reflecting challenges in operational performance[4] - Basic earnings per share fell by 14.0% to HKD 3.79, down from HKD 4.41 in 2023[6] - The company's gross profit for the same period was HKD 1,480,943,000, slightly up from HKD 1,450,281,000 in 2023, indicating a gross margin improvement[24] - The net profit for the year was HKD 256,737,000, down from HKD 299,219,000 in 2023, reflecting a decrease of 14.2%[24] - The company reported a pre-tax profit of HKD 317,038,000 for the year ended December 31, 2024, compared to HKD 367,732,000 in 2023, a decrease of approximately 13.8%[34] - Total tax expenses for 2024 amounted to HKD 60,301,000, a decrease of 11.9% from HKD 68,513,000 in 2023[43] Revenue Breakdown - Revenue from Hong Kong increased by 16.5% to HKD 2,923 million, accounting for 55.9% of total revenue[5] - Jewelry segment revenue surged by 41.0% to HKD 1,893 million, representing 36.2% of total revenue[5] - Sales of watches amounted to HKD 3,319,145,000 in 2024, down from HKD 3,465,488,000 in 2023, reflecting a decline of approximately 4.2%[39] - Jewelry sales increased significantly to HKD 1,892,997,000 in 2024, up from HKD 1,342,848,000 in 2023, marking a growth of around 40.9%[39] - The segment profit for the Asia-Pacific region was HKD 581,146,000 for 2024, compared to HKD 609,402,000 in 2023, indicating a decrease of about 4.6%[34] Dividends and Shareholder Returns - The company has proposed a final dividend of HKD 0.45 per share, down from HKD 0.56 per share in the previous year[6] - The board proposed a final dividend of HKD 0.0045 per share, down from HKD 0.0056 per share in 2023, subject to shareholder approval[21] - The company proposed a final dividend of HKD 0.0045 per share for 2024, down from HKD 0.0056 per share in 2023, representing a decrease of 19.6%[47] Operational Highlights - The total number of stores reached 82 across Hong Kong, Macau, mainland China, Singapore, and Malaysia[10] - The company plans to enhance its e-commerce business by leveraging online platforms to capture the potential of internet and mobile users[15] - The company aims to expand its market share in the wedding jewelry sector by diversifying product offerings and enhancing brand exposure[14] - The company continues to explore market expansion opportunities and new product development to enhance future growth prospects[44] Financial Position - The company maintained a strong liquidity position with a current ratio of 7.7 and a quick ratio of 2.0 as of December 31, 2024[17] - The company reported cash and cash equivalents of HKD 916,360,000 as of December 31, 2024, a significant increase from HKD 458,750,000 in 2023[26] - The company has approximately HKD 1,043,300,000 in available but undrawn bank financing, indicating strong financial flexibility[17] - The company incurred financing costs of HKD 24,119,000 in 2024, compared to HKD 10,228,000 in 2023, indicating an increase of approximately 136.5%[34] - The company’s total assets decreased to HKD 223,822,000 in 2024 from HKD 271,677,000 in 2023, indicating a decline of 17.6%[50] - The company’s cash and cash equivalents were reported at HKD 116,704,000 in 2024, down from HKD 177,341,000 in 2023, a decrease of 34.2%[50] Employee Costs - The total employee cost for the year was HKD 370,300,000, an increase from HKD 340,000,000 in 2023, reflecting a focus on talent retention and competitive compensation[20] - The total employee costs, including director remuneration, rose to HKD 370,281,000 in 2024 from HKD 339,996,000 in 2023, an increase of about 8.9%[42] Market Conditions - Total revenue from operations in 2024 is expected to be impacted by ongoing market conditions, with a focus on cost management strategies[44] - The company has not recognized any tax provisions for Malaysia due to no taxable profits generated in 2024[46] Governance and Reporting - The board of directors consists of executive and independent non-executive members, ensuring diverse governance[63] - The annual performance announcement has been published on the Hong Kong Stock Exchange website and the company's website[62] - The annual report will be published at an appropriate time on the aforementioned websites and sent to shareholders[62]

英 皇 鐘 錶 珠 寶 有 限 公 司 EMPEROR WATCH & JEWELLERY LIMITED 於香港註冊成立之有限公司（股份代號：887) 2024 中期報告 目錄 目錄 目錄 P.1 英皇鐘錶珠寶有限公司 2024中期報告 2 業績概覽 3 管理層討論及分析 8 中期股息 9 簡明綜合損益及其他全面收益表 10 簡明綜合財務狀況表 12 簡明綜合權益變動表 13 簡明綜合現金流量表 14 簡明綜合財務報表附註 30 董事及最高行政人員之證券權益 32 其他人士於股份及相關股份之權益 33 企業管治及其他資料 業績概覽 業績概覽 表現。本集團已全面採納香港財務報告準則第16號，已包括與租賃合約有關的使用權資產攤銷。 英皇鐘錶珠寶有限公司（「本公司」）之董事會（「董事會」或「董事」）提呈本公司 及其附屬公司（統稱「本集團」）截至2024年6月30日止6個月（「本期間」）之未經 審核簡明綜合業績。 | --- | --- | --- | --- | |----------------|------------------------|-------------------------|------- ...

Financial Performance - Total revenue increased by 11.5% to HKD 2,597 million for the six months ended June 30, 2024, compared to HKD 2,330 million in 2023[2] - Gross profit rose by 7.6% to HKD 780 million, while net profit remained stable at HKD 185 million, down 0.5% from HKD 186 million in 2023[3] - Adjusted EBITDA increased by 2.9% to HKD 282 million, reflecting the company's core operational performance[2] - The group reported a revenue of HKD 2,597 million for the six months ended June 30, 2024, compared to HKD 2,330 million for the same period in 2023, representing an increase of approximately 11.5%[14] - The gross profit for the same period was HKD 780 million, up from HKD 725 million in 2023, indicating a growth of about 7.6%[14] - The company reported a pre-tax profit of HKD 224,739,000 for the six months ended June 30, 2024, compared to HKD 223,314,000 for the same period in 2023, reflecting a slight increase of about 0.6%[27] - The company reported a basic earnings per share of HKD 0.0272 for the six months ended June 30, 2024, compared to HKD 0.0274 for the same period in 2023, reflecting a slight decrease in profitability[31] Sales and Market Performance - Jewelry sales surged by 77.4% to HKD 965 million, accounting for 37.2% of total revenue, compared to 23.3% in 2023[3] - The total external sales from Hong Kong amounted to HKD 1,456,042,000, while sales from China and other Asia-Pacific regions were HKD 665,038,000 and HKD 307,638,000, respectively[24] - The segment profit for Hong Kong was HKD 137,223,000, while Macau and China reported segment profits of HKD 28,923,000 and HKD 119,146,000, respectively, contributing to a total segment profit of HKD 341,971,000[25] Store Operations and Expansion - The company operates a total of 90 stores across Hong Kong, Macau, mainland China, Singapore, and Malaysia as of June 30, 2024[4] - Over 75% of the stores in mainland China are located in first-tier and new first-tier cities, aligning with the company's target customer base[5] - The company plans to continue expanding its market presence in Hong Kong, Macau, and China, focusing on retail sales of watches and jewelry[22] Product Development and Marketing - The company launched new jewelry collections aimed at millennials and Generation Z, enhancing its product diversity and personalization in the wedding jewelry market[7] - The company aims to enhance brand recognition and value to increase market share in the wedding market and strengthen customer relationships[7] - The group plans to enhance brand promotion and customer relationship management to increase brand exposure and capture market opportunities in China and Southeast Asia[9] Financial Position and Liquidity - As of June 30, 2024, the group's bank balance and cash on hand increased to HKD 733 million, up from HKD 620 million on December 31, 2023[10] - The net cash position of the group was zero, with a net debt ratio of zero as of June 30, 2024, maintaining a strong financial position[10] - The current ratio improved to 7.6 from 7.3, and the quick ratio increased to 1.6 from 1.5, reflecting enhanced liquidity[10] - The company has approximately HKD 1,043 million in available but undrawn bank financing, providing additional financial flexibility[10] - The total equity of the group as of June 30, 2024, was HKD 5,187 million, an increase from HKD 5,047 million at the end of 2023, reflecting a solid capital structure[17] Employee and Operational Costs - The total employee cost for the period was HKD 185 million, an increase from HKD 161 million in 2023, indicating a rise in workforce expenses[11] - Employee costs, including director remuneration, totaled HKD 170,699,000 for the six months ended June 30, 2024, up from HKD 147,223,000 in the same period of 2023, representing an increase of approximately 15.9%[27] Dividend and Taxation - The board declared an interim dividend of HKD 0.65 per share, down from HKD 0.76 per share in 2023[3] - The total tax expense for the six months ended June 30, 2024, was HKD 38,606,000, slightly lower than HKD 38,820,000 for the same period in 2023[5] - The company has no tax provisions for Malaysia as its subsidiaries did not generate taxable profits during the periods[29] Inventory and Receivables Management - The company reported a significant inventory cost of HKD 1,135,000,000 included in the cost of sales for the six months ended June 30, 2024, compared to zero inventory write-downs in the same period of 2023[27] - Trade receivables decreased to HKD 43,199,000 as of June 30, 2024, from HKD 73,437,000 as of December 31, 2023, indicating improved collection efficiency[33] - Trade payables decreased significantly to HKD 59,629,000 as of June 30, 2024, from HKD 122,063,000 as of December 31, 2023, suggesting better cash management[37] Corporate Governance and Compliance - The company has adopted its own securities trading code for directors, which complies with the standards set out in the Listing Rules Appendix C3[40] - No purchases, sales, or redemptions of the company's listed securities were made by the company or any of its subsidiaries during the period[41] - The interim results announcement has been published on the Hong Kong Stock Exchange website and the company's website, with the interim report to be issued at an appropriate time[42] - The board announced a change in the composition of the remuneration committee, effective October 1, 2024, with Ms. Fan Min Cheung appointed as a member[43] - The company secretary and authorized representative will change, with Ms. Zhong Hao Ying resigning and Ms. Feng Pei Ling appointed effective September 2, 2024[44]

自本年度末直至本年報日期，概無發生影響 本集團的重大事件。 In addition, an analysis of the Group's performance during the Year using financial key performance indicators is provided in the Five-year Financial Summary on page 152. Discussion on the Group's environmental policies and performance, key relationships with the Company's key stakeholders as well as compliance with relevant laws and regulations which have significant impact on the Company are set out in the 2023 Environmental, Social and Governance Report of the Company. Detai ...

目前，本集團的官方網站展示多樣化的鐘錶品牌，重點是百達翡麗、勞力士、帝舵 表 及卡地亞，有助於宣傳該等品牌及其標誌性系列。本集團將繼續尋找與其他鐘 錶品牌合作的機會。 英皇鐘錶珠寶有限公司 2023年度之全年業績公告 – 4 – 董事會欣然建議就本年度派付每股0.56港仙之末期股息（「末期股息」）（2022年：0.62 港仙），惟須獲股東於2024年5月21日（星期二）舉行的本公司應屆股東週年大會（「股 東週年大會」）上批准後方可作實。倘獲批准，末期股息將於2024年6月20日（星期四） 派付予於2024年5月29日（星期三）名列本公司股東名冊之股東。 英皇鐘錶珠寶有限公司 2023年度之全年業績公告 – 5 – 暫停辦理股東登記手續 以確定股東出席股東週年大會並於會上投票之權利 遞交過戶文件的最後時限 2024年5月14日（星期二） | --- | --- | |----------------------------------|------------------------------------------------------------------------| | | | | | 下午四時三 ...

英 皇 鐘 錶 珠 寶 有 限 公 司 EMPEROR WATCH & JEWELLERY LIMITED 於香港註冊成立之有限公司 (股份代號：887) 目錄 2 財務亮點 3 管理層討論及分析 2023 中期報告 9 中期股息 11 簡明綜合財務狀況表 13 簡明綜合權益變動表 14 簡明綜合現金流量表 15 簡明綜合財務報表附註 33 其他人士於股份及相關股份之權益 34 企業管治及其他資料 財務亮點 財務亮點 | --- | --- | --- | --- | |----------------------|------------------------------------------------------------------|-------------|----------| | | | | | | 百萬港元（未經審核） | 截至 6 月 30 | 日止 6 個月 | 變動 | | | 2022 年 | 2023 年 | | | 收入 | 1,646 | 2,330 | + 41.6% | | 毛利 | 525 | 725 | + 38.1% | | 經調整 EBITD* | 154 | ...

2023年度之中期業績公告 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的內容概不負責，對其準確性或完整 性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而 引致的任何損失承擔任何責任。 英皇鐘錶珠寶有限公司（「本公司」）之董事會（「董事會」或「董事」）宣佈本公司及其附 屬公司（統稱「本集團」）截至2023年6月30日止6個月（「本期間」）之未經審核簡明綜合業 績。 英皇鐘錶珠寶有限公司 2023年度之中期業績公告 – 1 – 業績摘要 • 總收入躍升41.6%：本集團取得令人滿意的業績，總收入躍升至2,330,000,000港 元（ 2022年：1,646,000,000港元），毛利增加38.1%至725,000,000港元（ 2022年： 525,000,000港元） • 珠寶分部及鐘錶分部的銷售收入增幅分別為86.3%及31.9%：珠寶及鐘錶分 部的銷售收入分別增加至544,000,000港 元（ 2022年：292,000,000港 元）及 1,786,000,000港元（ 2022年：1,354,000,000港元），分別佔總收入的23.3%（ 20 ...

CORPORATE GOVERNANCE REPORT 企業管治報告 DIRECTORS' REPORT DIRECTORS The Directors during the Year and up to the date of this report were: Ms. Cindy Yeung (Chairperson) Mr. Ng Koon Keung, Ricky (Chief Executive Officer) Mr. Wong Chi Fai Ms. Fan Man Seung, Vanessa Ms. Chan Sim Ling, Irene Mr. Liu Hing Hung Ms. Chan Wiling, Yvonne 股票掛鈎協議 除於綜合財務報表附註30披露的購股權計劃外， 並無任何股票掛鈎協議由本公司於本年度訂立或 於本年度末存續。 購買股份或債權證之安排 購股權 本公司已於2018年5月23日採納一項購股權計劃 （「購股權計劃」）。購股權計劃之詳情載於綜合 財務報表附註30。自採納後，概無購股權根據購 股權計劃獲授出、行使、註銷或失效。 除上文所述之購股權計劃外，於本年度末及本年 ...

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的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 （於香港註冊成立之有限公司） （股份代號：887） 2022年度之全年業績公告 英皇鐘錶珠寶有限公司（「本公司」）之董事會（「董事會」或「董事」）宣佈本公司及 其附屬公司（統稱「本集團」）截至2022年12月31日止年度（「本年度」）之經審核綜合 業績。 | --- | --- | --- | |----------------------------------------------------------|--------------------------------------------------------------------------------------------------------------|------------------| | | | | | 財務摘要 百萬港元 | | | | | 截至 12 月 31 2021 年 | 日止年度 2022 年 | | 收入 ...