EAGLE NICE (INTERNATIONAL) HOLDINGS LIMITED 鷹美(國際)控股有限公司* (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立之有限公司) (Stock Code 股份代號: 02368) *懂供藏別 *For identification purposes only 不懈追求 開拓創新 精益求精 Strive for Perfection Expanding Horizons Elevating Quality 2024 INTERIM REPORT 目錄 公司資料 02 簡明綜合收益表 03 簡明綜合全面收益表 04 簡明綜合財務狀況表 05 EAGLE NICE (INTERNATIONAL) HOLDINGS LIMITED 鷹美(國際)控股有限公司 簡明綜合權益變動表 07 簡明綜合現金流量表 08 簡明綜合中期財務報表附註 09 管理層討論及分析 26 其他資料 33 01 INTERIM REPORT 2024 二零二四中期報告 INTERIM REPORT 2024 ...

香港交易及結算所有限公司以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，並明確表示概不就因本公告全部或任何部分內容而產生或因依賴該 等內容而引致之任何損失承擔任何責任。 EAGLE NICE (INTERNATIONAL) HOLDINGS LIMITED 鷹美（國際）控股有限公司* （於開曼群島註冊成立之有限公司） （股份代號：02368） 截至二零二四年九月三十日止 六個月之中期業績公告 | --- | --- | |-------|-------------------------------------------------------------------------------------------------------------------------------| | | | | | 財務摘要 | | • | 截至二零二四年九月三十日止六個月之營業收入增加 18.3% 至 2,982,900,000 港元，二零二 三年同期則為 2,521,900,000 港元。 | | • | 與二零二三年同期相比，截至二零二四年九月三十日止六個月毛利率由 2 ...

香港交易及結算所有限公司以及香港聯合交易所有限公司對本公佈之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何部分內容而產生或因依賴該 等內容而引致之任何損失承擔任何責任。 | --- | |--------------------------------------------------------------------------------------------------------| | | | 財務摘要 | | • 本年度之營業收入上升 0.6% 至 4,074,700,000 港元，去年度則為 4,051,100,000 港元。 | | • 與去年度比較，本年度的毛利率由 18.7 % 下跌至 18.4 % ，而本公司擁有人應佔淨利率則由 下跌至 6.5 % 。 | | • 本公司擁有人應佔年度溢利本年度為 263,500,000 港元，較去年度之 292,600,000 港元下跌 10.0 % 。 | | • 董事會建議派發本年度末期股息每股普通股 8 港仙（二零二三年： 8 港仙）。 | 鷹美（國際）控股有限公司（「本公司」）董事會（「董事會」）欣然 ...

Revenue Performance by Region - Revenue from mainland China increased to 1,474,210 thousand HKD in 2023, up from 1,195,852 thousand HKD in 2022, representing a growth of 23.3%[4] - Revenue from the US decreased to 413,577 thousand HKD in 2023, down from 574,996 thousand HKD in 2022, a decline of 28.1%[4] - Revenue from Europe decreased to 335,336 thousand HKD in 2023, down from 457,970 thousand HKD in 2022, a decline of 26.8%[4] - Revenue from Japan decreased to 48,757 thousand HKD in 2023, down from 64,685 thousand HKD in 2022, a decline of 24.6%[4] - Revenue from other regions decreased slightly to 250,037 thousand HKD in 2023, down from 254,052 thousand HKD in 2022, a decline of 1.6%[4] - The company's sales in Mainland China increased by HKD 278,400,000, accounting for 58.5% of total sales, up 11.6% from the previous year[28] - Sales in the US and European markets decreased by HKD 161,400,000 and HKD 122,600,000, respectively, with their share of total sales dropping by 6.2% and 4.7%[28] Overall Financial Performance - Total revenue for the group decreased to 2,521,917 thousand HKD in 2023, down from 2,547,555 thousand HKD in 2022, a decline of 1.0%[4] - Profit before tax decreased to 326,585 thousand HKD in 2023, down from 331,587 thousand HKD in 2022, a decline of 1.5%[4] - Net profit for the period decreased to 236,211 thousand HKD in 2023, down from 245,857 thousand HKD in 2022, a decline of 3.9%[4] - Basic earnings per share decreased to 0.43 HKD in 2023, down from 0.45 HKD in 2022, based on a net profit attributable to owners of 229,225 thousand HKD and 533,800,000 issued ordinary shares[11] - The company's profit attributable to owners for the six months ended September 30, 2023, was HK$229,200,000, a decrease of HK$9,900,000 (or 4.1%) compared to HK$239,100,000 in the same period last year[56] - The profit margin attributable to owners decreased from 9.4% to 9.1% during the review period[56] - Total sales for the period remained stable at HKD 2,521,900,000 (2022: HKD 2,547,600,000), with a decrease of HKD 25,700,000 (or 1.0%)[76] - Gross profit slightly decreased by HKD 5,900,000 (or 1.1%) to HKD 517,900,000 (2022: HKD 523,800,000), with a gross margin decline of 0.1% from 20.6% to 20.5%[76] - Pre-tax profit slightly decreased by HKD 5,000,000 (or 1.5%) to HKD 326,600,000 (2022: HKD 331,600,000), with a pre-tax profit margin decline of 0.1% from 13.0% to 12.9%[76] - Revenue for the six months ended September 30, 2023, was HKD 2,521,917 thousand, a slight decrease from HKD 2,547,555 thousand in the same period last year[111] - Gross profit for the period was HKD 517,863 thousand, down from HKD 523,788 thousand in the previous year[111] - Profit before tax for the six months ended September 30, 2023, was HKD 326,585 thousand, compared to HKD 331,587 thousand in the same period last year[111] - Net profit attributable to the company's owners was HKD 229,225 thousand, down from HKD 239,111 thousand in the previous year[111] - Basic earnings per share for the period were 42.94 HK cents, compared to 44.79 HK cents in the same period last year[111] Dividend and Shareholder Information - The company declared an interim dividend of 0.30 HKD per share for the six months ended September 30, 2023[10] - The company declared an interim dividend of HKD 0.30 per share, totaling HKD 160,140,000, unchanged from the previous year[33] - The company declared an interim dividend of HK$0.30 per share for the six months ended September 30, 2023, with a payout ratio of 69.9%[56] - The company declared an interim dividend of HKD 0.30 per share for the six months ended September 30, 2023, unchanged from the previous year[97] - The company's major shareholders include Time Easy Investment Holdings Limited with a 13.61% stake and Excel Skill with a 6.05% stake[65] Financial Position and Cash Flow - The company's interest expenses increased by HKD 13,700,000 (179.1%) due to higher loan interest rates and increased bank loans for capacity expansion[29] - Bank loan interest and lease liability interest totaled HKD 21,397,000, a significant increase from HKD 7,667,000 in the previous year[31] - The company's depreciation of property, plant, and equipment decreased to HKD 46,560,000 from HKD 50,014,000 in the previous year[31] - Exchange losses decreased significantly to HKD 6,355,000 from HKD 26,925,000 in the previous year[31] - Accounts receivable within 30 days increased to HKD 570,416,000 from HKD 268,080,000 in the previous period[39] - Bank loans supported by corporate guarantees increased to HKD 760,201,000 from HKD 622,823,000 in the previous period[42] - As of September 30, 2023, the company held cash and bank balances of HK$646,800,000, an increase from HK$515,400,000 as of March 31, 2023[57] - The company's committed but not provided amounts for factory renovations, machinery, and equipment purchases were HK$95,948,000 as of September 30, 2023, slightly down from HK$96,780,000 as of March 31, 2023[49] - The company's debt ratio as of September 30, 2023, was 6.5% (March 31, 2023: 6.4%)[81] - The company's bank loan utilization as of September 30, 2023, was HKD 760,200,000 (March 31, 2023: HKD 622,800,000)[80] - Total non-current assets decreased to HKD 1,365,602K as of September 30, 2023, compared to HKD 1,412,551K on March 31, 2023[138] - Total current assets increased to HKD 1,928,178K as of September 30, 2023, from HKD 1,662,196K on March 31, 2023[138] - Net current assets rose to HKD 706,989K as of September 30, 2023, up from HKD 420,263K on March 31, 2023[138] - Total assets minus current liabilities increased to HKD 2,072,591K as of September 30, 2023, compared to HKD 1,832,814K on March 31, 2023[138] - Net cash flow from operating activities was HKD 174,181K for the six months ended September 30, 2023, up from HKD 167,903K in the same period in 2022[143] - Net cash used in investing activities decreased to HKD 60,733K for the six months ended September 30, 2023, from HKD 103,652K in the same period in 2022[143] - Net cash from financing activities was HKD 58,920K for the six months ended September 30, 2023, compared to a net cash used of HKD 26,440K in the same period in 2022[143] - Cash and cash equivalents at the end of the period increased to HKD 646,820K as of September 30, 2023, from HKD 452,100K as of September 30, 2022[143] - Total equity attributable to owners of the company increased to HKD 1,700,402K as of September 30, 2023, from HKD 1,629,452K on March 31, 2023[139] - Non-current liabilities increased to HKD 315,760K as of September 30, 2023, from HKD 150,568K on March 31, 2023[139] Operational and Strategic Developments - The company has diversified its production bases across Mainland China, Indonesia, and Vietnam to mitigate risks and enhance operational flexibility[77] - The company's new factories in Foshan (Mainland China), Bandung (Indonesia), and Long An (Vietnam) are expected to increase production capacity and reduce policy and business environment risks[74] - The company employed approximately 15,000 staff as of September 30, 2023 (March 31, 2023: approximately 15,000)[85] - The company received government subsidies in Mainland China and Hong Kong to promote the manufacturing industry and maintain employment rates[125] Tax and Other Financial Metrics - The effective tax rate rose to 27.7%, up 1.8% from the previous year, due to a higher proportion of profits from Mainland China, which has a higher tax rate[29] - Other income and gains amounted to HKD 8,800,000 (2022: HKD 13,700,000), including HKD 5,000,000 from government incentives or subsidies (2022: HKD 10,300,000) and HKD 1,600,000 from bank interest income (2022: HKD 1,100,000)[78] - Other comprehensive income for the period was a loss of HKD 86,894 thousand, compared to a loss of HKD 136,560 thousand in the previous year[112] - Total comprehensive income for the period was HKD 149,317 thousand, up from HKD 109,297 thousand in the same period last year[112] - The company did not have any potentially dilutive ordinary shares issued during the periods ended September 30, 2023, and 2022[132] - The company's financial statements were prepared in accordance with historical cost convention, except for financial assets measured at fair value through profit or loss[123] Risk Management and Outlook - The company faces foreign exchange risks primarily from USD and RMB transactions, which are partially offset by matching sales and purchases in the same currency[60] - The company's management remains cautiously optimistic about the business outlook despite an uncertain economic environment and soft consumer demand[57] - The company has no significant seasonal impact on its borrowing needs and believes its current financial resources are sufficient for operational and expansion plans[58] - The company's directors and CEO held no registered interests or short positions in the company or any related corporations as of September 30, 2023[63]

應收賬款並無逾期及減值，其與近期無欠款記錄的客戶相關。 於二零二三年九月三十日，銀行貸款中409,901,000港元（二零二三年三月三十一日: 454,123,000港元）以美元計 值。 本集團持續優化生產規劃和管理模式，積極推動智慧化向前發展，使產品設計更具靈活性和可塑性。 為此，本集團建立了更廣泛的自動化生產系統與數位化智慧倉庫。本集團儘管在期內因加大資源投 入，貸款利息成本有所增加，但相關優化資源的投入，將構建數位與實體深度融合的產業體系根基， 這將是本集團搶佔未來市場之競爭優勢的關鍵。這些優化措施將有助本集團在激烈的競爭市場中 保持領先地位，實現可持續發展。 截至二零二三年九月三十日止六個月，本公司擁有人應佔溢利為 229,200,000 港元，較去年同期的 239,100,000 港元減少 9,900,000 港元（或 4.1%）。於回顧期內，本公司擁有人應佔溢利率由 9.4%下 跌 0.3%至 9.1%。本期本公司擁有人應佔每股基本盈利為 42.94 港仙，去年同期為 44.79 港仙。董 事會擬宣派截至二零二三年九月三十日止六個月之中期股息每股 30 港仙（二零二二年：30 港仙）， 派息比率為 ...

與全球前贍性 運動服裝品牌並肩 矢志成為最佳 生產夥伴 財務摘要 ... 董事及高級管理層履歷 . . . 綜合全面收益表 財務報表附註 . 54 二零二三年 二零二二年 業績 百萬港元 百萬港元 每股基本盈利 54.8港仙 51.5港仙 資產總值 3,075 3,125 財務摘要 55 Annual Report 2023 二零二三年年報 環球經濟復蘇的同時也帶來多項挑戰，通貨膨脹和利率上調為經濟增添不確定性，零售需求增長放緩。面 對跌宕起伏的營商環境，集團集思廣益採取多項措施積極應變，保持集團業務的穩定發展。 主席報告（ 續 ） Annual Report 2023 二零二三年年報 節能減排 開源節流 綠色環保是集團履行企業社會責任的應有之義。年內部分生產基地建設了屋頂光伏發電站，為集團提供了清潔且 可再生的能源，以減少對傳統能源的依賴，從而降低能源成本；集團各生產基地亦通過其他節能減排措施，降碳 減污，為綠色低碳發展履踐致遠。 主席 鍾育升 香港，二零二三年六月二十八日 管理層討論與分析（ 續 ） 本集團多年來一直致力於不同國家建立生產基地，增加產能以滿足客戶不同需要，同時亦平衡本集團潛在面對之 政治及 ...

香港交易及結算所有限公司以及香港聯合交易所有限公司對本公佈之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何部分內容而產生或因依賴該 等內容而引致之任何損失承擔任何責任。 | --- | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | 財務摘要 | | • 本年度之營業收入上升 10.4 % 至 4,051,100,000 港元，去年度則為 3,668,400,000 港元。 | | • 與去年度比較，本年度的毛利率由 17.7 % 上升至 18.7 % ，而本公司擁有人應佔淨利率則由 下跌至 7.2 % 。 | | • 本公司擁有人應佔年度溢利本年度為 292,600,000 港元，較去年度之 274,600,000 港元上升 6.6% ...

Revenue and Profit Growth - Revenue for the six months ended September 30, 2022, increased to HKD 2,547,555 thousand, up 26.2% from HKD 2,018,830 thousand in the same period last year[2] - Gross profit rose to HKD 523,788 thousand, a 41.7% increase compared to HKD 369,672 thousand in the prior year period[2] - Profit before tax grew to HKD 331,587 thousand, up 44.0% from HKD 230,242 thousand in the previous year[2] - Net profit attributable to owners of the company increased to HKD 239,111 thousand, a 42.6% rise from HKD 167,676 thousand in the same period last year[2] - Basic earnings per share increased to 44.79 HK cents, up from 31.52 HK cents in the prior year period[2] - Net profit for the period was 245,857 thousand HKD, up 41.4% YoY from 173,875 thousand HKD[13] - Total sales increased by 26.2% to a record HKD 2,547,600,000, with a gross profit increase of 41.7% to HKD 523,800,000 and a gross margin rise from 18.3% to 20.6%[46] - Pre-tax profit surged by 44.0% to HKD 331,600,000, with the pre-tax profit margin increasing from 11.4% to 13.0%[46] - The company's net profit attributable to owners rose by 42.6% to HKD 239,100,000, with a net profit margin increase from 8.3% to 9.4%[49] Regional Revenue Performance - Revenue from mainland China increased to 1,195,852 thousand HKD, up 10.2% YoY from 1,084,721 thousand HKD[13] - Revenue from Europe grew significantly to 574,996 thousand HKD, a 63.3% increase YoY from 352,033 thousand HKD[13] - US revenue rose to 457,970 thousand HKD, up 41.8% YoY from 323,055 thousand HKD[13] - Total revenue from sportswear and apparel sales reached 2,547,555 thousand HKD, a 26.2% increase YoY from 2,018,830 thousand HKD[15] Financial Position and Cash Flow - Total assets increased to HKD 1,823,431 thousand as of September 30, 2022, compared to HKD 1,796,972 thousand as of March 31, 2022[5] - Net cash generated from operating activities was HKD 167,903 thousand, a decrease of 18.3% from HKD 205,471 thousand in the prior year period[9] - Cash and cash equivalents at the end of the period stood at HKD 452,100 thousand, compared to HKD 464,213 thousand at the end of the previous year[9] - Accounts receivable increased to HKD 855,164 thousand as of September 30, 2022, compared to HKD 393,843 thousand as of March 31, 2022, with 80.5% of receivables within 30 days[25][26] - Accounts payable stood at HKD 322,892 thousand as of September 30, 2022, with 93.0% due within 90 days[27] - Bank loans increased to HKD 701,615 thousand as of September 30, 2022, from HKD 648,557 thousand as of March 31, 2022, with interest rates ranging from 2.61% to 4.42%[29][30] - The company held cash and bank balances of HKD 452,100,000 as of September 30, 2022, compared to HKD 455,800,000 as of March 31, 2022[50] - The company's bank loan facility was HKD 992,100,000 as of September 30, 2022, with HKD 701,600,000 utilized, up from HKD 648,600,000 utilized as of March 31, 2022[50] - The company's debt-to-equity ratio increased to 14.2% as of September 30, 2022, from 11.2% as of March 31, 2022[51] Expenses and Costs - Sales and distribution expenses increased by 27.6% to HKD 4,800,000, while administrative expenses rose by 36.0% to HKD 46,300,000 due to wage adjustments and increased staffing[48] - Interest expenses increased by 204.6% to HKD 5,200,000 due to higher loan interest rates and increased bank borrowings for capacity expansion[48] - The company benefited from the depreciation of non-USD currencies (RMB, IDR, VND), which reduced manufacturing costs[47] Dividends and Shareholder Information - Interim dividend per share increased to 0.30 HKD, up 36.4% YoY from 0.22 HKD[21] - Basic earnings per share rose to 0.45 HKD, up 42.6% YoY from 0.32 HKD[22] - The company declared an interim dividend of HKD 0.30 per share, up from HKD 0.22 per share in the previous year[49] - The company declared an interim dividend of 30 HK cents per share for the six months ended September 30, 2022, compared to 22 HK cents in the same period last year[76] - The company's issued share capital remained unchanged at 533,800,000 shares with a nominal value of HKD 0.01 per share, totaling HKD 5,338 thousand[31] - The company's major shareholder, Pou Hing Industrial Co. Ltd., holds 192,000,000 shares, representing 35.96% of the issued share capital[60] - The company's executive director, Mr. Chung Yu-sing, holds 72,650,000 shares through Time Easy Investment Holdings Limited, representing 13.61% of the issued share capital[57] - The company's executive director, Mr. Wong Wing-biu, holds 32,320,000 shares through Excel Skill International Limited, representing 6.05% of the issued share capital[57] - The company's executive director, Mr. Chan Siu-ying, holds 36,500,800 shares, representing 6.84% of the issued share capital[57] - The company's executive director, Mr. Chung Chi-kit, holds 8,500,000 shares, representing 1.59% of the issued share capital[57] Corporate Governance and Compliance - The company's audit committee reviewed the unaudited condensed interim financial statements for the six months ended September 30, 2022, including accounting principles, risk management, and internal control matters[72] - The company's remuneration committee consists of two independent non-executive directors and one executive director, with Mr. Chan Cheuk Ho as the chairman[73] - The company's nomination committee consists of two independent non-executive directors and one executive director, with Mr. Chung Yu Sing as the chairman[74] - The company's chairman, Mr. Chung Yu Sing, has been serving as both the chairman and CEO since June 30, 2013, which is a deviation from the corporate governance code[69] - The company's directors confirmed that they have complied with the standard code of conduct for securities transactions during the six months ended September 30, 2022[70] - The company's directors have no interests in any businesses that directly or indirectly compete with the company's business, except for the disclosed interests[66] - The company's interim report is available on its website and the Hong Kong Exchanges and Clearing Limited's issuer website[78] Acquisitions and Related Party Transactions - The company acquired 100% equity of Beyond Top Co., Ltd. for USD 6,692,000 (approximately HKD 52,500,000), with identifiable net assets at fair value of HKD 52,500 thousand[32] - Related party transactions included rental expenses of HKD 4,144 thousand and service fees of HKD 4,670 thousand with Pouyuen Vietnam, a company indirectly controlled by a major shareholder[33] - The company recognized a right-of-use asset of HKD 11,514 thousand and a lease liability of HKD 11,682 thousand related to a lease with a related party as of September 30, 2022[34] - Payables to Pouyuen Vietnam decreased to HKD 3,159 thousand as of September 30, 2022, from HKD 4,121 thousand as of March 31, 2022, and were unsecured, interest-free, and repayable on demand[36] Operational Performance and Expansion - The Vietnam production base outperformed, with sales and revenue significantly surpassing pre-pandemic levels[42] - The company expanded production capacity by acquiring factories in West Java, Indonesia, Foshan, China, and Long An, Vietnam[43] - The company employed approximately 15,000 staff as of September 30, 2022, unchanged from March 31, 2022[55] Government Subsidies and Other Income - Government subsidies increased to 10,284 thousand HKD, up 93.2% YoY from 5,322 thousand HKD[16] - The company received government incentives and subsidies totaling HKD 10,300,000, contributing to other income and gains[49] Contingent Liabilities and Share Capital Activities - The company has no significant contingent liabilities as of September 30, 2022[54] - The company did not engage in any share capital fundraising activities during the six months ended September 30, 2022[67] - The company did not purchase, redeem, or sell any of its listed securities during the six months ended September 30, 2022[68] Comprehensive Income and Foreign Exchange Impact - Total comprehensive income for the period decreased to HKD 109,297 thousand, down 44.4% from HKD 196,570 thousand in the previous year due to foreign exchange losses[4]

EAGLE NICE (INTERNATIONAL) HOLDINGS LIMITED 美(國際)控股有限公司* (Incorporated in the Cayman Islands with limited liability) | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|-------|------------------------------------------------------------|-------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | (於開曼群島註冊成立之有限公司) (Stock Code 股份代號:02368) | | | | | | | | | | | | | | | | | | | | | | | | | | | 企業願景 40 與全球前瞻性運動服裝品牌並肩 矢志成為最佳產夥伴 and and the many of the superior of the status of the o 錄 ...

EAGLE NICE (INTERNATIONAL) HOLDINGS LIMITED 鷹美(國際)控股有限公司* (於開曼群島註冊成立之有限公司) (股份代號 : 02368) "佳供版別 鷹美（國際）控股有限公司（「本公司」）董事會（「董事會」）欣然宣佈，本公司及其附屬 公司（「本集團」）截至二零二一年九月三十日止六個月之未經審核簡明綜合中期財務 報表，連同二零二零年同期未經審核比較數字及有關說明附註。 簡明綜合收益表 截至二零二一年九月三十日止六個月 | --- | --- | --- | --- | |-------------------------------------------------------------|-------|-------------------------------------------------------------|-----------------------------------| | | 附註 | 截至九月三十日止六個月 \n二零二一年 （未經審核） 千港元 | 二零二零年 （未經審核） 千港元 | | 營業收入 銷售成本 | 4 | 2,018, ...