最近一个月来，汇成国际控股累计涨幅15.69%，今年来累计跌幅21.33%，跑输恒生指数19.18%的涨 幅。 6月6日，截至港股收盘，恒生指数下跌0.48%，报23792.54点。汇成国际控股（01146.HK）收报0.066港 元/股，上涨11.86%，成交量33.2万股，成交额2.19万港元，振幅18.64%。 财务数据显示，截至2024年12月31日，汇成国际控股实现营业总收入1.56亿元，同比减少24.84%；归母 净利润-1.09亿元，同比增长23.23%；毛利率51.97%，资产负债率16.34%。 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。汇成国际控股市 盈率-1.72倍，行业排名第107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，汇成国际控股有限公司是在中国从事服装设计、生产、行销及 ...

最近一个月来，汇成国际控股累计跌幅14.75%，今年来累计跌幅30.67%，跑输恒生指数13.54%的涨 幅。 5月9日，截至港股收盘，恒生指数上涨0.4%，报22867.74点。汇成国际控股（01146.HK）收报0.056港 元/股，上涨7.69%，成交量8.4万股，成交额5428港元，振幅23.08%。 财务数据显示，截至2024年12月31日，汇成国际控股实现营业总收入1.56亿元，同比减少24.84%；归母 净利润-1.09亿元，同比增长23.23%；毛利率51.97%，资产负债率16.34%。 资料显示，汇成国际控股有限公司是在中国从事服装设计、生产、营销及销售的一家发展迅速的公司, 以男装为业务重点。集团经营多个国际知名的品牌,主力向中高收入阶层消费者提供多款男士便服,包括 绅士休闲、户外休闲、休闲服及配饰。集团根据特许权设计、生产和销售JEEP、圣大保罗及巴伯尔等 品牌的产品。集团分别拥有伦敦雾、佐约克、MCS、亨利卡顿、马瑞纳游艇等品牌在大中华区服装产 品的所有权。根据Euromonitor的委托报告,按零售总额计,JEEP及圣大保罗品牌在中国中高端休闲男装中 是领导品牌。集团透过由遍布中国 ...

Financial Performance - The company's revenue for the fiscal year 2024 decreased by RMB 51.6 million to RMB 156.1 million, representing a decline of approximately 24.8% compared to RMB 207.7 million in 2023[4]. - The loss attributable to equity holders of the parent company decreased by RMB 33.1 million to RMB 109.4 million, a decline of approximately 23.2% from RMB 142.5 million in 2023[4]. - Total revenue decreased from RMB 207.7 million in 2023 to RMB 156.1 million in 2024, a decline of approximately 24.9%[15]. - Gross profit decreased from RMB 101.3 million in 2023 to RMB 81.1 million in 2024, a decline of approximately 19.9%, while the overall gross margin increased from 48.8% to 52.0%[17]. - The net loss for the year was reported at RMB 111.8 million in 2024, compared to RMB 144.1 million in 2023[28]. - Other income and gains increased from RMB 19.9 million in 2023 to RMB 33.6 million in 2024, an increase of approximately 68.8%[18]. - Selling and distribution expenses decreased from RMB 163.5 million in 2023 to RMB 139.1 million in 2024, a decline of approximately 14.9%[19]. - Administrative expenses increased from RMB 50.9 million in 2023 to RMB 55.9 million in 2024, an increase of approximately 9.8%[21]. Revenue Sources - Revenue from self-operated retail points decreased by RMB 47.4 million to RMB 123.9 million, a decline of approximately 27.7%, accounting for about 79.4% of total revenue[11]. - Revenue from third-party retailers decreased by RMB 1.8 million to RMB 9.1 million, a decline of approximately 16.5%, accounting for about 5.8% of total revenue[12]. - Revenue from online channels decreased by RMB 2.4 million to RMB 23.1 million, a decline of approximately 9.4%, accounting for about 14.8% of total revenue[12]. - Revenue from authorized brands decreased from RMB 71.6 million in 2023 to RMB 49.0 million in 2024, a decline of approximately 31.4%[15]. - The retail sales of outlet stores decreased by RMB 18.3 million to RMB 51.5 million, a decline of approximately 26.2%[11]. - Product sales through the WeChat store decreased from RMB 7.4 million in 2023 to RMB 5.4 million in 2024, a decline of approximately 27.0%[13]. Operational Metrics - Inventory turnover days increased from 541 days in 2023 to 548 days in 2024, while accounts payable turnover days increased from 31 days to 45 days[30]. - As of December 31, 2024, the net current assets amounted to approximately RMB 548.4 million, down from RMB 723.2 million as of December 31, 2023[31]. - The current ratio decreased to 4.0 times as of December 31, 2024, compared to 4.9 times as of December 31, 2023[31]. - The total number of retail points as of December 31, 2024, was 160, a decrease from 173 as of December 31, 2023[41]. - The sales from the self-developed O2O system remained stable at RMB 13.7 million in 2024, compared to RMB 13.8 million in 2023[46]. Strategic Initiatives - The company plans to optimize inventory levels and cash flow, enhance brand exposure on digital and social media platforms, and explore new opportunities in brand licensing and strategic investments in 2025[6]. - The company established two partnerships in Zhuhai focusing on high-growth areas such as new generation information technology and smart manufacturing[5]. - The company changed its name from China Apparel Holdings Limited to HCI International Holdings Limited to reflect its commitment to a new corporate image[5]. - The company plans to focus on cleaning up old inventory and optimizing cash flow as a priority for 2025[58]. Risks and Challenges - The company faces significant risks from fluctuations in consumer spending due to changes in the macroeconomic environment in China, which could adversely affect its business and financial performance[60]. - The company operates in a highly competitive retail and apparel market, facing competition from both international and domestic companies[61]. - The company faces significant risks if it fails to predict or meet changing consumer preferences and fashion trends, potentially leading to decreased sales and profits[62]. - The company relies heavily on third-party manufacturers and suppliers for production, and any disruption in their operations could adversely affect business performance[65]. - The company's business is susceptible to unexpected and abnormal climate changes, which can impact seasonal product sales[66]. - The company faces financial risks including foreign currency risk, credit risk, and liquidity risk[67]. - The outbreak of infectious diseases can lead to temporary closures of retail outlets, affecting product sales[68]. - The company may struggle to renew licensing agreements, which could impact its ability to design, produce, market, and sell licensed brand products[64]. Corporate Governance - The company is committed to high standards of corporate governance to ensure long-term shareholder returns and benefits to employees and the community[81]. - The board consists of 7 members, including 3 executive directors, 1 non-executive director, and 3 independent non-executive directors[87]. - The company has adhered to the corporate governance code, except for the separation of the roles of Chairman and CEO, which are held by the same individual[89]. - All independent non-executive directors have confirmed their independence according to the relevant guidelines[90]. - The board has established an independence assessment mechanism to enhance its effectiveness and ensure strong independent judgment[91]. - The board is responsible for overseeing the company's business strategies, performance, and significant transactions[93]. - The audit committee held three meetings during the year to review the financial performance and compliance procedures for the fiscal year ending December 31, 2024[98]. - The company has established a whistleblowing procedure to allow employees to confidentially express concerns regarding financial reporting and internal controls[129]. Shareholder Information - The company will not recommend any final dividend for the year ending December 31, 2024, but a special final dividend of RMB 59.5 million was approved for the year ending December 31, 2023[59]. - The company's distributable reserves as of December 31, 2024, amount to approximately RMB 328.6 million, calculated under the Cayman Islands Companies Law[155]. - The top five customers accounted for approximately 22.02% of total sales, with the largest customer contributing 5.26%[157]. - The top five suppliers represented about 45.44% of total purchases, with the largest supplier accounting for 11.63%[157]. - The company has not established any preferential rights for existing shareholders regarding the issuance of new shares[151]. - At least 25% of the company's total issued share capital is held by the public as of the date of the annual report[190]. Employee and Management Information - The total employee cost for 2024 was RMB 228 million, a slight decrease from RMB 231 million in 2023[56]. - The company granted 162,534,000 shares to 11 employees as part of the share incentive plan, with the shares exercisable by October 31, 2024[49]. - The company has adopted a board diversity policy, considering various factors such as gender, age, cultural background, and nationality in its board composition[105]. - The current gender diversity in the board is 14.3% female, with a target to maintain at least this percentage[107]. - The overall workforce gender ratio shows 56.8% female and 43.2% male, indicating a strong commitment to gender diversity[107]. Future Outlook - The company is focused on sustainable growth through brand and product diversification[63]. - Future guidance indicates a commitment to sustainability initiatives, with plans to reduce carbon emissions by H% by 2025[10]. - The company is investing in new technology development, allocating $C million towards R&D to enhance product offerings and operational efficiency[5]. - Market expansion plans include entering D new regions, aiming to increase market share by E% over the next fiscal year[6]. - The company is considering strategic acquisitions to bolster its market position, with potential targets identified in the industry[7].

Financial Performance - For the fiscal year ending December 31, 2024, the company's revenue was RMB 156.1 million, a decrease of 24.8% compared to RMB 207.7 million in 2023[3]. - Gross profit for the same period was RMB 81.1 million, down 19.9% from RMB 101.3 million, while the gross margin improved to 52.0%, up 3.2 percentage points from 48.8%[3]. - The operating loss narrowed slightly to RMB 122.3 million, a decrease of 2.2% from RMB 125.0 million in the previous year, resulting in an operating loss margin of 78.3%, an increase of 18.1 percentage points[3]. - Loss attributable to equity holders of the parent was RMB 109.4 million, a reduction of 23.2% from RMB 142.5 million in 2023, with basic loss per share improving to RMB (3.33) from RMB (4.34)[3]. - Total comprehensive loss for the year was RMB 106.7 million, compared to RMB 140.1 million in the previous year, indicating a significant reduction in overall losses[8]. - The company reported a loss before tax from continuing operations of RMB 111,816 thousand in 2024, compared to a loss of RMB 113,815 thousand in 2023, indicating a slight improvement[25]. - The net loss for the year was RMB 111.8 million in 2024, compared to RMB 144.1 million in 2023[85]. - The loss attributable to equity holders of the parent decreased by RMB 33.1 million to RMB 109.4 million in 2024, a decline of approximately 23.2% from RMB 142.5 million in 2023[86]. Assets and Liabilities - Non-current assets totaled RMB 433.6 million, an increase from RMB 418.0 million in 2023, while current assets decreased to RMB 729.0 million from RMB 906.5 million[10]. - The company's cash and cash equivalents decreased to RMB 100.8 million from RMB 226.4 million, reflecting a significant reduction in liquidity[10]. - The total equity attributable to equity holders of the parent decreased to RMB 971.1 million from RMB 1,127.1 million, indicating a decline in shareholder value[11]. - Total assets decreased to RMB 1,162,587 thousand in 2024 from RMB 1,324,595 thousand in 2023, reflecting a reduction of approximately 12.2%[25]. - The company's total liabilities decreased slightly to RMB 190,017 thousand in 2024 from RMB 193,606 thousand in 2023, a reduction of about 1.5%[25]. Revenue Breakdown - Revenue from external customers for apparel products and accessories decreased to RMB 156,082 thousand in 2024, down 24.8% from RMB 207,660 thousand in 2023[25]. - Revenue from self-operated retail points decreased by RMB 47.4 million to RMB 123.9 million in 2024, representing a decline of about 27.7% and accounting for approximately 79.4% of total revenue[66]. - Revenue from third-party retailers fell by RMB 1.8 million to RMB 9.1 million in 2024, a decrease of about 16.5%[68]. - Online sales revenue decreased by RMB 2.4 million to RMB 23.1 million in 2024, a decline of approximately 9.4%[68]. - Revenue from proprietary brands decreased by RMB 29.0 million to RMB 107.1 million in 2024, a decline of about 21.3%[71]. Expenses and Costs - Cost of sales decreased by RMB 31.3 million to RMB 75.0 million in 2024, representing a decline of approximately 29.4% compared to RMB 106.3 million in 2023[73]. - Employee benefits expenses, including salaries and wages, decreased to RMB 22,804,000 in 2024 from RMB 23,145,000 in 2023, a decline of about 1.5%[40]. - Selling and distribution expenses decreased by RMB 24.4 million to RMB 139.1 million in 2024, a decline of about 14.9% from RMB 163.5 million in 2023[76]. - Administrative expenses increased by RMB 5.0 million to RMB 55.9 million in 2024, an increase of approximately 9.8% from RMB 50.9 million in 2023[77]. Cash Flow - Cash and cash equivalents at the end of 2024 amounted to RMB 100.8 million, down from RMB 226.4 million in 2023[59]. - Net cash flow used in operating activities increased from RMB 8.6 million in 2023 to RMB 24.3 million in 2024, primarily due to an increase in inventory leading to cash outflow rising from RMB 12.2 million to RMB 29.5 million[91]. - Net cash flow used in investing activities was RMB 31.2 million, mainly due to an increase in short-term deposits exceeding three months by RMB 220.7 million and investments in associates amounting to RMB 55.0 million[92]. - Net cash flow used in financing activities included special final dividends paid of RMB 56.7 million and principal payments on lease liabilities of RMB 9.1 million[93]. Shareholder Returns - The company did not propose a special final dividend for the year, compared to a dividend of HKD 0.02 per share in the previous year[3]. - The company did not recommend a final dividend for the year ending December 31, 2024, compared to a special final dividend of RMB 59,501,000 approved for 2023[48]. - The board does not recommend any final dividend for the year ending December 31, 2024, while a special final dividend of RMB 59.5 million for the year ending December 31, 2023, was approved by shareholders[118]. Strategic Initiatives - The company continues to focus on its core business in apparel design, production, and sales, with no significant changes in operations reported during the year[13]. - The board has approved a share incentive plan to retain and motivate employees, managed through a trust[17]. - The share incentive plan aims to align employee interests with the company's operational and developmental contributions[17]. - The company plans to prioritize clearing old inventory and optimizing cash flow as a key objective for 2025[117]. - The company has outsourced the majority of its retail sales personnel and production workers, with approximately 599 employees outsourced as of December 31, 2024[114]. Corporate Governance - The board believes that high levels of corporate governance are crucial for protecting shareholder interests and enhancing corporate value[120]. - The audit committee has discussed risk management and internal control systems related to the preparation of the consolidated financial statements for the year ending December 31, 2024[124]. - The company's auditor has confirmed that the preliminary announcement data for the year ending December 31, 2024, aligns with the draft consolidated financial statements[124]. Other Information - The company has changed its name from "China Outfitters Holdings Limited" to "Huicheng International Holdings Limited" to better reflect its strategic business plans[112]. - The company expresses gratitude to its board members and employees for their hard work and contributions during a challenging year[128].

文匯成國際控股有限公司 Huicheng International Holdings Limited (於開曼群島註冊成立的有限公司) (股份代號: 1146) 2024 中期報告 匯成國際控股有限公司 頁次 公司資料 2 財務摘要 3 管理層討論與分析 5 其他資料 20 中期簡明綜合財務報表審閱報告 29 中期簡明綜合損益表 31 中期簡明綜合全面收益表 32 中期簡明綜合財務狀況表 33 中期簡明綜合權益變動表 35 中期簡明綜合現金流量表 37 中期簡明綜合財務報表附註 40 目錄 1 中期報告2024 匯成國際控股有限公司 | --- | --- | |-----------------------------------------------------------------------------|--------------------------------------------------------------------------------| | | | | 公司資料 | | | 執行董事 張永力先生 （主席及行政總裁） 孫如暐先生 黃曉雲女士 （首席財務官） | 註冊辦事 ...

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佈的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈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。 （股份代號： 1146） 截至二零二四年六月三十日止六個月的中期業績公佈 匯成國際控股有限公司（「本公司」）董事會（「董事會」）謹此公佈本公司及其附屬公司（統 稱「本集團」）截至二零二四年六月三十日止六個月的綜合業績，連同過往期間的比較數字 如下： | --- | --- | --- | --- | |---------------------------|------------------------|--------------|-------------------| | | | | | | 財務概要 | | | | | | 截至六月三十日止六個月 | | | | | 二零二四年 | 二零二三年 | | | | 人民幣百萬元 | 人民幣百萬元 | 變動 | | 收入 | 82.3 | 113.7 | (27.6%) | | 毛利 | 49.7 | 71.3 | (30.3%) | | 毛利率 | ...

Annual Report 年 報 2023 Annual Report 年 報 2023 Annual Report 2023 年 報 目錄 | | 頁次 | | --- | --- | | 公司資料 | 2 | | 主席報告書 | 3 | | 管理層討論與分析 | 5 | | 董事及高級管理層 | 20 | | 企業管治報告 | 24 | | 董事會報告 | 39 | | 環境、社會及管治報告 | 52 | | 獨立核數師報告 | 71 | | 經審核財務報表 | | | 綜合損益表 | 77 | | 綜合全面收益表 | 78 | | 綜合財務狀況表 | 79 | | 綜合權益變動表 | 81 | | 綜合現金流量表 | 82 | | 財務報表附註 | 85 | | 財務概要 | 180 | 1 中國服飾控股有限公司 公司資料 執行董事 張永力先生 （主席兼行政總裁） 孫如暐先生 黃曉雲女士 （首席財務官） 非執行董事 王瑋先生 獨立非執行董事 鄺偉信先生 楊志偉先生 何家宏先生 （於二零二三年五月十九日獲委任） 崔義先生 （於二零二三年五月十九日辭任） 公司秘書 關秀妍女士 （於二零二四年三月二十二日獲 ...

Financial Performance - For the year ended December 31, 2023, the company's revenue was RMB 207.7 million, representing a slight increase of 0.6% compared to RMB 206.5 million in 2022[3]. - Gross profit for the same period was RMB 101.3 million, which is an increase of 24.4% from RMB 81.4 million in the previous year, resulting in a gross margin of 48.8%, up by 9.4 percentage points[3]. - The operating loss decreased to RMB 125.0 million, a reduction of 40.0% from RMB 208.2 million in 2022, leading to an operating loss margin of 60.2%, down by 40.6 percentage points[3]. - Loss attributable to equity holders of the parent was RMB 142.5 million, down 43.5% from RMB 252.2 million in the prior year, with basic loss per share improving to RMB (4.34) from RMB (7.68)[3]. - The company reported a total comprehensive loss of RMB 140.1 million for the year, compared to RMB 224.9 million in 2022[8]. - The company reported a net loss of RMB 144.1 million for the year 2023, compared to a loss of RMB 253.7 million in 2022, indicating an improvement[83]. - Loss before tax decreased from RMB 203.2 million in 2022 to RMB 113.8 million in 2023, a decline of approximately 44.0%[81]. - Income tax expenses decreased from RMB 50.4 million in 2022 to RMB 30.3 million in 2023, a decline of approximately 39.9%[82]. Assets and Liabilities - Total non-current assets decreased to RMB 418.0 million from RMB 498.8 million in 2022, while current assets decreased to RMB 906.5 million from RMB 970.6 million[10]. - The company's net asset value was RMB 1,130.99 million, down from RMB 1,269.05 million in the previous year[11]. - Total assets as of December 31, 2023, amounted to RMB 1,324,595,000, a decrease from RMB 1,469,399,000 in 2022, reflecting a decline of 9.8%[27][28]. - The company’s total liabilities decreased to RMB 193,606,000 in 2023 from RMB 200,351,000 in 2022, showing a reduction of 3.7%[27][28]. Revenue Breakdown - Revenue from external customers in mainland China for 2023 was RMB 202,357,000, slightly down from RMB 203,803,000 in 2022, a decrease of 0.71%[29]. - Revenue from self-operated retail points increased from RMB 169.1 million in 2022 to RMB 171.3 million in 2023, a growth of RMB 2.2 million or about 1.3%, accounting for approximately 82.5% of total revenue[65]. - Revenue from sales to third-party retailers decreased from RMB 12.1 million in 2022 to RMB 10.9 million in 2023, a decline of RMB 1.2 million or about 9.9%, representing 5.2% of total revenue[67]. - Online sales revenue increased from RMB 25.3 million in 2022 to RMB 25.5 million in 2023, a growth of RMB 0.2 million or about 0.8%, maintaining a share of 12.3% of total revenue[67]. - Revenue from self-owned brands increased from RMB 118.1 million in 2022 to RMB 136.1 million in 2023, a growth of approximately 15.2%[69]. - Self-owned brand revenue accounted for 65.5% of total revenue in 2023, up from 57.2% in 2022[70]. Expenses and Cost Management - Cost of sales decreased from RMB 125.2 million in 2022 to RMB 106.3 million in 2023, a decline of approximately 15.1%[71]. - Selling and distribution expenses decreased from RMB 196.0 million in 2022 to RMB 163.5 million in 2023, a decline of approximately 16.6%[74]. - Administrative expenses increased from RMB 46.3 million in 2022 to RMB 50.9 million in 2023, a growth of approximately 9.9%[76]. - The cost of sold inventory decreased to RMB 55,676,000 in 2023 from RMB 76,680,000 in 2022, reflecting a reduction of 27.4%[41]. Dividends and Shareholder Returns - The company proposed a special final dividend of HKD 2.0 per share, which was not applicable in the previous year[3]. - The proposed special final dividend for 2023 is HKD 0.02 per share, totaling RMB 59,501,000, compared to no dividend in 2022[50]. - Basic loss per share for 2023 was RMB 43.4 cents, improving from RMB 76.7 cents in 2022[51]. Operational Highlights - The company continues to focus on the design, production, marketing, and sales of apparel products, particularly men's clothing, with no significant changes in its main business operations during the year[13]. - The company is actively engaged in property development in China, which remains a key area of its business strategy[13]. - The retail network consisted of 134 self-operated retail points and 39 points operated by third-party retailers as of December 31, 2023, down from a total of 236 points in 2022[97]. - The company continues to expand its online sales channels, including participation in the Just-in-time delivery program on platforms like Vipshop[101]. - An exclusive master franchise agreement was signed with Interasia USA for the Saint Paul brand, effective from July 1, 2023, to June 30, 2037, to operate in mainland China, Hong Kong, and Macau[102]. Employee and Governance - The total employee cost for 2023 was RMB 23.1 million, down from RMB 32.9 million in 2022[116]. - As of December 31, 2023, approximately 661 sales personnel and production workers were outsourced, down from 921 in the previous year[115]. - The company has adhered to all corporate governance codes as of December 31, 2023, except for the separation of the roles of Chairman and CEO, which are held by the same individual[121]. Future Outlook - The company plans to increase brand exposure on social media platforms such as Xiaohongshu, Douyin, and WeChat in 2024[118]. - The company aims to enhance online sales through digital tools like the O2O system and customer loyalty programs[118]. - The company is exploring new business opportunities such as brand licensing and group purchasing[122]. - The company plans to develop new online and offline third-party retailers to expand its retail network[122].

Financial Performance - Total revenue for the six months ended June 30, 2023, was RMB 113.7 million, a decrease of 6.5% from RMB 121.6 million for the same period in 2022[6]. - Gross profit for the same period was RMB 71.3 million, down 5.9% from RMB 75.8 million in 2022[6]. - Operating loss improved to RMB 49.4 million, a reduction of 13.2% compared to RMB 56.9 million in the previous year[6]. - Loss attributable to equity holders of the parent decreased to RMB 68.1 million, down 7.7% from RMB 73.8 million in 2022[6]. - The company reported a loss before tax of RMB 43.5 million, an improvement from a loss of RMB 54.0 million in the previous period[26]. - The company reported a total comprehensive loss of RMB 56,270,000 for the period, compared to RMB 58,114,000 in the previous year[86]. - The company experienced a loss of RMB 68,080,000 during the period, compared to a loss of RMB 73,772,000 for the same period in 2022, indicating an improvement of about 7.3%[92]. - The cash flow from operating activities showed a pre-tax loss of RMB 43,469,000, which is an improvement from a loss of RMB 54,019,000 in the previous year, representing a reduction of approximately 19.5%[94]. Revenue Sources - Revenue from self-operated retail points was RMB 95.0 million, accounting for approximately 83.6% of total revenue[12]. - Revenue from outlet stores increased by 4.1% to RMB 38.2 million compared to RMB 36.7 million in the previous year[12]. - Revenue from third-party retailers decreased by 34.2% to RMB 5.0 million, representing about 4.4% of total revenue[12]. - Revenue from online sales increased from RMB 13.4 million to RMB 13.7 million, a growth of approximately 2.2%, accounting for about 12.0% of total revenue[13]. - Sales through Tmall and JD.com rose significantly from RMB 2.1 million to RMB 4.1 million, an increase of approximately 95.2%[13]. - Revenue from online discount platforms increased from RMB 2.7 million to RMB 3.6 million, a growth of approximately 33.3%[13]. - Revenue from proprietary brands increased from RMB 64.3 million to RMB 73.1 million, a growth of approximately 13.7%, and accounted for 64.3% of total revenue[15]. Inventory and Assets - The inventory turnover days increased by 147 days, from 599 days to 746 days[6]. - The current ratio remained stable at 5.0 times[6]. - As of June 30, 2023, the current assets net value was approximately RMB 769.0 million, compared to RMB 776.9 million as of December 31, 2022[34]. - Total assets as of June 30, 2023, were RMB 1,416,404,000, down from RMB 1,469,399,000 at the end of 2022[87][88]. - Current assets decreased to RMB 960,080,000 from RMB 970,556,000, with inventory dropping to RMB 165,167,000 from RMB 186,669,000[87]. - The company’s retained earnings as of June 30, 2023, amounted to RMB 688,517,000, down from RMB 755,094,000 at the end of 2022, a decrease of about 8.8%[90]. - The company’s total comprehensive income for the six months ended June 30, 2023, was negatively impacted by a fair value loss of RMB 751,000 on equity investments[90]. Employee and Corporate Governance - As of June 30, 2023, the company had approximately 227 full-time employees, down from 273 as of December 31, 2022[57]. - The board does not recommend any interim dividend for the period, consistent with the previous year[61]. - The company has complied with all corporate governance codes except for the separation of the roles of Chairman and CEO, which are held by the same individual[75]. - The company acknowledges the contributions and support of its employees during challenging times[79]. Share Capital and Options - As of June 30, 2023, the total issued share capital of the company is 3,445,450,000 shares[64]. - The company has not purchased, sold, or redeemed any of its listed securities during the six months ending June 30, 2023[67]. - A total of 203,500,000 shares have been granted under the share option scheme as of June 30, 2023[68]. - The company has not granted any stock options to employees from November 4, 2014, to June 30, 2023[73]. - The company has 203,500,000 unexercised share options as of June 30, 2023, which represents approximately 5.91% of the total issued shares[191]. Impairment and Losses - The impairment loss for trademarks during the period was approximately RMB 10.9 million, primarily affecting the "Marina Yacht," "London Fog," and "York" brands[55]. - The impairment losses recognized for trademarks during the period included RMB 2,992,000 for "London Fog" and RMB 4,955,000 for "Marina Yachting," among others, totaling RMB 26,000,000 for all trademarks[155]. - The company recorded a total impairment of RMB 10,887,000 for other intangible assets during the period[155]. Future Plans and Strategies - The company plans to explore online sales opportunities through live streaming and major e-commerce platforms to increase online sales proportion[62]. - The company aims to enhance brand exposure on social media platforms such as Xiaohongshu, Douyin, and WeChat[62]. - The company is focused on clearing old inventory and discovering new business opportunities such as brand licensing and group buying[62].

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佈的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈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。 (於開曼群島註冊成立的有限公司) （股份代號： 1146） 截至二零二三年六月三十日止六個月的中期業績公佈 中國服飾控股有限公司（「本公司」）董事會（「董事會」）謹此公佈本公司及其附屬公司（統 稱「本集團」）截至二零二三年六月三十日止六個月的綜合業績，連同過往期間的比較數字 如下： 財務概要 截至六月三十日止六個月 二零二三年 二零二二年 人民幣百萬元 人民幣百萬元 變動 收入 113.7 121.6 (6.5%) 毛利 71.3 75.8 (5.9%) 毛利率 62.7% 62.3% +0.4個百分點 經營虧損 (49.4) (56.9) (13.2%) ...