年報 2024 Annual Report w i t h H u n g F o o k T o n g p n d a t w i n s ' 1 0 0 d a y s r o d u c t s C e l e b r a t e p a b i r t h d a y 目錄 | 公司資料 | 2 | | --- | --- | | 二零二四年大事記 | 4 | | 主席的話 | 6 | | 管理層討論及分析 | 9 | | 環境、社會及管治 | 16 | | 獎項及嘉許 | 18 | | 董事及高級管理層 | 19 | | 董事會報告 | 23 | | 企業管治報告 | 34 | | 獨立核數師報告 | 49 | | 綜合全面收益表 | 57 | | 綜合財務狀況表 | 59 | | 綜合權益變動表 | 61 | | 綜合現金流量表 | 62 | | 綜合財務報表附註 | 63 | | 五年財務概要 | 136 | 公司資料 註冊成立地點 開曼群島 董事會 執行董事 謝寶達先生 （主席） 司徒永富博士 （行政總裁） 黃佩珠女士 獨立非執行董事 喬維明先生 （於二零二四年三月二十五日辭任） 冼日明教授 ...

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。 HUNG FOOK TONG GROUP HOLDINGS LIMITED 鴻福堂集團控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1446） 截至二零二四年十二月三十一日止年度之 全年業績公告 摘要 1 • 截 至 二 零 二 四 年 十 二 月 三 十 一 日 止 年 度（「 二零二四年 」）的 收 益 為 620,700,000港元，較截至二零二三年十二月三十一日止年度（「二零二三 年」）的672,700,000港元減少7.7%。 － 來自零售業務的收益減少7.2%至467,300,000港元，於二零二四年十二 月三十一日於香港經營共107間零售店。 － 來自批發業務的收益減少9.2%至153,400,000港元。 • 二零二四年的毛利較二零二三年的393,500,000港元減少6.2%至369,000,000 港元，而二零二四年的毛利率則較二零二三年的58.5%上升0.9個百分點至 ...

不备 HUNG FOOK TONG Hung Fook Tong Group Holdings Limited 鴻福堂集團控股有限公司 (Incorporated in the Cayman Islands with limited liability) (於朋曼群島註冊成立的有限公司) Stock Code 股份代號：1446 2024 中期報告 INTERIM REPORT No. | --- | --- | --- | --- | --- | --- | --- | --- | |-------------------------------------------------------|-------|-------|-------------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | CULTIVATING THE FUTURE: ... OURNEY OF HERBAL WELLNESS | | | SUPERMARKET | | | | | | | | | | | | | VI | | | ...

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。 HUNG FOOK TONG GROUP HOLDINGS LIMITED 鴻福堂集團控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1446） 截至二零二四年六月三十日止六個月的 中期業績公告 | --- | --- | |-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | 摘要 | | | • | 截至二零二四年六月三十日止六個月（「 二零二四年上半年 」）的收益較截至 二零二三年六月三十日止六個月（「 二零二三年上半年 」）的 331,700,000 港 ...

Business Operations - The company operates 111 self-operated stores in Hong Kong, maintaining its position as the largest herbal product retailer in the region[19] - The company has expanded its wholesale business in mainland China, with products available in over 13,000 convenience stores and various supermarkets across 13 provinces[21] - The company has successfully entered the Mexican market, expanding its overseas wholesale business despite global economic challenges[21] - The company continues to enhance its retail network and innovate to meet the diverse needs of its customers[19] - The company plans to maintain 100 to 110 retail stores in 2024, focusing on cost control and operational efficiency[25] - The company plans to open approximately two new retail stores in 2024 while closing underperforming locations[46] - The company aims to expand its wholesale network in the Guangdong-Hong Kong-Macao Greater Bay Area to enhance brand value[25] - The company continues to expand its overseas wholesale business to mitigate the impacts of fluctuating economic conditions in mainland China and Hong Kong[110] Financial Performance - Total revenue decreased by 2.0% to HKD 672.7 million, down from HKD 686.7 million in the previous year[30] - Gross profit fell by 3.0% to HKD 393.5 million, with a gross margin of 58.5%, down from 59.1%[30] - The Hong Kong retail segment generated revenue of HKD 503.8 million, a decline of 2.6% year-on-year, accounting for 74.9% of total revenue[32] - The company recorded a loss attributable to shareholders of HKD 34.6 million, compared to a profit of HKD 5.3 million in the previous year[30] - Wholesale revenue for the year was HKD 168,900,000, a slight decrease from HKD 169,300,000 in the previous year, accounting for 25.1% of total revenue[37] - Hong Kong wholesale revenue grew by 1.1% to HKD 144,500,000, up from HKD 142,900,000 in the previous year[40] - Revenue from the mainland China wholesale business decreased by 7.7% to HKD 24,400,000, down from HKD 26,400,000 in the previous year[41] - For the fiscal year ending December 31, 2023, the company recorded revenue of HKD 672.7 million, a decrease of 2.0% compared to HKD 686.7 million in 2022[54] - The retail business in Hong Kong generated revenue of HKD 503.8 million, down 2.6% from HKD 517.4 million in 2022[54] Product Development - The company introduced new product lines, including gourmet coffee, vegetarian options, and various baked goods, catering to health-conscious consumers[19] - New product offerings include convenient options for popular items, such as new packaging for ginger vinegar and instant herbal drinks[30] - The company will continue to develop new products targeting the health and wellness market, including food therapy sets for pregnant women and postpartum care[35] - New product launches in 2024 will include festive series and postpartum care products, along with more natural ingredient baked goods[46] - The company is focused on launching more flavors to meet the evolving preferences of high-end consumers in mainland China and Hong Kong[108] - New product development includes the launch of a herbal beverage line, expected to contribute an additional $50 million in revenue[88] Sustainability and Social Responsibility - The company has reduced carbon emissions by approximately 38 tons by using rPET recycled bottles for its iced lemon tea[13] - Despite a challenging business environment, the company remains committed to sustainable development and business growth[19] - The company has eliminated plastic utensils across 111 stores, resulting in a reduction of 39 tons of disposable plastic, a 92% year-on-year decrease[75] - In 2023, the company recycled approximately 960 tons of food waste, equivalent to a reduction of about 205 tons of CO2 emissions[76] - The company generated around 1,368 MWh of renewable energy from solar panels installed on the rooftop of its Kaiping factory in 2023[76] - The company has implemented a member reward program encouraging the use of reusable containers, promoting environmental sustainability[75] - The company donated over 5,600 boxes of emergency supplies to Turkish earthquake victims in February 2023[79] - The company sponsored over 17,000 food vouchers, raising more than HKD 1.1 million for the needy through community initiatives[80] - The company has received multiple awards for its commitment to social responsibility and environmental sustainability, including the "Green Office 5+" label[83] Membership and Customer Engagement - Membership in the "HFT Club" has surpassed 1,300,000, reflecting a significant increase in brand loyalty and new member acquisition[20] - The number of "自家CLUB" members exceeded 1,300,000, with an increase of approximately 99,500 members during the year[36] - The mobile app download increased by 17% year-on-year, with over 40% of members completing transactions through the app[36] - The company is enhancing its digital marketing efforts to encourage app downloads and usage, while offering exclusive discounts to "self-owned CLUB" members[25] - The company is actively promoting its mobile application to enhance customer engagement and encourage electronic transactions[108] - The company promotes the use of its mobile application to enhance shopping convenience for its "self-owned CLUB" members[115] Corporate Governance - The board of directors is committed to maintaining the highest standards of corporate governance to enhance and protect shareholder interests[170] - The company has adopted the corporate governance code as per the listing rules, emphasizing effective internal controls and risk management systems[170] - The board consists of six members, including three executive directors and three independent non-executive directors, ensuring a balanced skill set and experience[176] - The company has established a remuneration committee to formulate the remuneration policy for directors, which must be approved by shareholders[158] - The independent non-executive directors have confirmed compliance with the non-competition agreements during the year ended December 31, 2023[160] - The company has established a code of conduct for directors regarding securities trading, ensuring compliance with relevant regulations[145] Employee Welfare and Training - Employee costs increased by 6.6% to HKD 212.2 million, compared to HKD 199.1 million in 2022, resulting in an employee cost to revenue ratio of 31.5%[59] - The company has conducted over 8,000 hours of training for more than 700 employees, enhancing their skills and sense of belonging[79] - The company has a strong emphasis on employee welfare, training, and development, particularly in the context of ensuring a safe working environment post-COVID-19[114] - Employee training programs have been enhanced, with a budget increase of 20% to improve service quality and operational efficiency[95] Future Outlook - The management anticipates a challenging business environment in 2024 due to high interest rates and geopolitical tensions[45] - The company has set a future outlook with a revenue guidance of $500 million for the next fiscal year, reflecting a 10% growth target[89] - The company is investing in new technology for supply chain optimization, which is expected to reduce costs by 15%[96] - A strategic acquisition of a local competitor is in progress, projected to enhance operational efficiency and increase customer base by 30%[88] - The company has maintained a cautious approach to development while ensuring growth momentum in its retail business[110]

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。 HUNG FOOK TONG GROUP HOLDINGS LIMITED 鴻福堂集團控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1446） 截至二零二三年十二月三十一日止年度之 全年業績公告 摘要 － 來自批發業務的收益減少0.2%至168,900,000港元。 1 • 截 至 二 零 二 三 年 十 二 月 三 十 一 日 止 年 度（「 二零二三年 」）的 收 益 為 672,700,000港元，較截至二零二二年十二月三十一日止年度（「二零二二 年」）的686,700,000港元減少2.0%。 － 來自零售業務的收益減少2.6%至503,800,000港元，於二零二三年十二 月三十一日於香港經營共111間零售店。 • 二零二三年的毛利較二零二二年的405,600,000港元減少3.0%至393,500,000 港元，而二零二三年的毛利率則較二零二二年的59.1%下跌0.6個百分點至 ...

INTERIM REPORT 中 期 報 告 2023 目錄 2 4 8 11 13 15 17 18 19 42 公司資料 管理層討論及分析 －業務回顧 －財務回顧 獎項和環境、社會及管治 中期財務資料 －簡明綜合中期全面收益表 －簡明綜合中期財務狀況表 －簡明綜合中期權益變動表 －簡明綜合中期現金流量表 －簡明綜合中期財務資料附註 其他資料 二零二三年中期報告 二零二三年中期報告 1 公司資料 註冊成立地點 執行董事 謝寶達先生 （主席） 司徒永富博士 （行政總裁） 黃佩珠女士 獨立非執行董事 提名委員會 喬維明先生 冼日明教授 陸東先生 開曼群島 董事會 審核委員會 陸東先生 （主席） 喬維明先生 冼日明教授 薪酬委員會 冼日明教授 （主席） 喬維明先生 黃佩珠女士 喬維明先生 （主席） 司徒永富博士 陸東先生 冼日明教授 策略及發展委員會 司徒永富博士 （主席） 黃佩珠女士 授權代表 司徒永富博士 劉紹基先生 公司秘書 劉紹基先生 核數師 羅兵咸永道會計師事務所 執業會計師及註冊公眾利益實體核數師 香港中環 太子大廈22樓 註冊辦事處 Cricket Square, Hutchins Drive P. ...

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。 HUNG FOOK TONG GROUP HOLDINGS LIMITED 鴻 福 堂 集 團 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1446） 截至二零二三年六月三十日止六個月的 中期業績公告 摘要 • 截至二零二三年六月三十日止六個月（「二零二三年上半年」）的收益較截至 二零二二年六月三十日止六個月（「二零二二年上半年」）的340,000,000港 元減少2.4%至331,700,000港元。 － 來自香港零售業務的收益減少4.3%至251,700,000港元（二零二二年上 半年：262,900,000港元）。於二零二三年六月三十日，本集團於香港 共經營119間自營零售店。 － 來自批發業務的收益增加3.8%至80,000,000港元（二零二二年上半 年：77,100,000港元）。 ...

Membership and Revenue - The company has over 1,258,000 CLUB members, contributing 75.3% to total revenue, with an average transaction value per member increasing by 13% year-on-year[13] - Membership in the "自家CLUB" increased by approximately 99,000, surpassing 1,258,000 members as of December 31, 2022, with a 42% year-on-year increase in app downloads[34] - The average transaction value for "自家CLUB" members increased by 13% compared to 2021, driven by enhanced marketing efforts and new product launches[31] - The group's revenue for the fiscal year ended December 31, 2022, was HKD 686.7 million, a decrease of 1.3% compared to HKD 696 million in 2021[28] - The group's profit attributable to shareholders decreased by 9.1% to HKD 7.5 million, down from HKD 8.2 million in the previous year[28] - The Hong Kong retail business generated revenue of HKD 517.4 million, a decline of 1.5% year-on-year, accounting for 75.3% of total revenue[30] Product Development and Marketing - New product offerings such as the sugar-free herbal tea series and chicken essence series have been well received by customers[13] - The company has implemented effective marketing strategies and member rewards, successfully increasing the average transaction value of CLUB members[20] - Collaborations with partners like ParknShop and Tan Zai Yunnan Rice Noodles have led to the launch of several co-branded beverages and additional sales points[20] - The company has introduced more product options in its café concept stores, including baked goods and specialty coffee, targeting health-conscious younger consumers[20] - The company has launched a special edition beverage called "This is Art" to enhance product visibility and appeal[14] Financial Performance and Costs - The gross profit margin fell to 59.2%, down from 60.0% in 2021, primarily due to decreased revenue and rising raw material costs[28] - Wholesale revenue decreased by 0.9% to HKD 169.3 million, with a segment profit decline of 13.1% to HKD 20.6 million due to rising production costs and lower sales in mainland China[37] - In Hong Kong, wholesale revenue grew by 5.8% to HKD 142.9 million, driven by new product launches and significant commercial orders[38] - Revenue from mainland China dropped by 26.3% to HKD 26.4 million, impacted by strict pandemic control measures and the absence of one-time financial income recorded in the previous year[39] - The company faced challenges due to a deteriorating business environment and rising costs, impacting profitability[20] Retail Expansion and Strategy - The retail network consists of 120 stores, including 10 "HFT Life" café concept stores, maintaining the company's position as the largest herbal product retailer in Hong Kong[20] - The group opened seven new stores during the fiscal year, including three "HFT Life" concept stores targeting younger customers[31] - The group plans to expand its retail network and explore brand collaborations to promote health-conscious products[24] - The company plans to open approximately eight new stores in 2023 to strengthen its retail network[46] Sustainability and Corporate Responsibility - The group is implementing sustainable practices, including the use of recycled plastic for beverage bottles and plans to phase out plastic utensils in favor of wooden or paper alternatives[42] - The group achieved a zero food waste disposal goal in landfills, recovering approximately 957 tons of food waste, which reduced greenhouse gas emissions by about 204 tons of CO2 equivalent[73] - The installation of solar panels at the Tai Po factory generated approximately 195 MWh of renewable energy, while new installations at the Kaiping factory are expected to produce about 3,100 MWh annually[74] - The company is committed to corporate social responsibility, engaging in various community and environmental initiatives[109] - The group made charitable donations amounting to HKD 199,000 for the year ended December 31, 2022[129] Governance and Management - The company has a strong governance structure with independent non-executive directors overseeing key committees[85][86] - The company has adopted the corporate governance code as per listing rules, emphasizing effective internal controls and risk management systems[165] - The company has established a remuneration committee to formulate the remuneration policy for directors, which requires shareholder approval at the annual general meeting[153] - The company’s board of directors includes three independent non-executive directors who have confirmed their independence according to the listing rules[132] - The company has a clear division of responsibilities between the chairman and the CEO to ensure a balance of power[171] Future Outlook and Strategic Initiatives - The management remains cautious about the retail outlook for the first half of 2023, considering geopolitical tensions and rising costs[43] - The group aims to expand market share and explore new revenue sources by developing new products and enhancing sales channels[43] - The company is investing in new technology development, allocating $C million towards R&D to enhance product offerings and operational efficiency[88] - Market expansion plans include entering D new regions, aiming to capture an additional E% market share by the end of the fiscal year[88] - The company is considering strategic acquisitions to bolster its market position, with potential targets identified in the F sector[88]

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。 HUNG FOOK TONG GROUP HOLDINGS LIMITED 鴻 福 堂 集 團 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1446） 截至二零二二年十二月三十一日止年度之 全年業績公告 摘要 • 截至二零二二年十二月三十一日止年度（「二零二二年」）的收益為 686,700,000港元，較截至二零二一年十二月三十一日止年度（「二零二一 年」）的696,000,000港元減少1.3%。 － 來自零售業務的收益減少1.5%至517,400,000港元，於二零二二年十二 月三十一日於香港經營共120間零售店。 － 來自批發業務的收益減少0.9%至169,300,000港元。 ...