港股阿里概念股持续走强，云峰金融(00376.HK)大涨67%，中国动向(03818.HK)涨超11%，高鑫零售 (06808.HK)、亚博科技控股(08279.HK)跟涨。 ...

Financial Performance - The company reported revenue of RMB 749 million for the six months ended September 30, 2024, a decrease of 3.5% compared to RMB 776 million in the same period last year[14]. - Gross profit was RMB 516 million, down 3.7% from RMB 536 million year-on-year, with a gross margin of 68.9%[14]. - Operating profit was RMB 162 million, a significant recovery from an operating loss of RMB 471 million in the previous year[14]. - Profit attributable to equity holders was RMB 137 million, compared to a loss of RMB 410 million in the same period last year[14]. - Basic earnings per share were RMB 2.34, a turnaround from a loss per share of RMB 6.99 in the previous year[14]. - The group achieved a net investment income of RMB 171 million during the reporting period[27]. - The company reported a total comprehensive income of RMB 89,822 thousand, recovering from a comprehensive loss of RMB 247,410 thousand in the previous year[163]. - The company reported a net profit of RMB 136,965 thousand for the period, contributing to a total equity increase despite other comprehensive losses[173]. Dividends and Shareholder Returns - The company declared an interim dividend of RMB 1.40 per share, representing a 97.2% increase from RMB 0.71 in the previous year[14]. - The company maintains a dividend payout ratio of 60% of the net profit attributable to equity holders for the interim period[20]. - The company declared dividends amounting to RMB 29,878 thousand during the period[173]. Market and Economic Outlook - The upcoming 2024 Paris Olympics and other sporting events are expected to boost the sales of sports goods in China[18]. - In the first three quarters of 2024, China's GDP grew by 4.8%, indicating signs of economic recovery[37]. - Retail sales of consumer goods in China increased by 3.3% year-on-year in the first three quarters of 2024, with online consumption continuing to be a significant growth engine[37]. - The Chinese government has set a target for the sports industry to exceed 5 trillion yuan by 2025, with policies aimed at expanding sports consumption[40]. Brand and Product Development - The company aims to enhance product quality, technological innovation, and brand image to meet evolving consumer demands in the fashion sports sector[18]. - KAPPA launched several offline events, including "Beach Summer School" and "KAPPA Invites You to Watch the Game," enhancing brand engagement with consumers[22]. - PHENIX introduced the lightweight SP27 LITE series and outdoor apparel, catering to diverse outdoor needs[25]. - The group is committed to continuous product innovation in design and materials to improve market competitiveness[40]. - KAPPA's marketing strategy emphasizes consumer experience and content creation, aiming to strengthen emotional connections with young consumers[22]. Sales and Revenue Breakdown - KAPPA brand sales totaled RMB 705 million, a decrease of RMB 34 million compared to RMB 739 million in the previous period, representing a decline of 4.6%[63]. - The Kappa brand's apparel sales were RMB 520 million, accounting for 73.8% of total sales, while footwear sales dropped by 32.0% to RMB 100 million, representing 14.2% of total sales[60]. - The accessories segment saw significant growth, with sales increasing by 73.5% to RMB 85 million, making up 12.0% of total sales[60]. Investment and Asset Management - The investment division's net assets amounted to RMB 8,311 million, reflecting a slight increase of 0.5% from RMB 8,250 million as of March 31, 2024[27]. - The company aims to optimize its investment asset structure and cautiously advance new project investments[27]. - The group plans to optimize its investment asset structure and proceed cautiously with new project investments to ensure stable returns for shareholders[55]. Store and Brand Presence - As of September 30, 2024, the total number of KAPPA brand stores was 1,001, a net decrease of 11 stores compared to March 31, 2024[21]. - The total number of Kappa brand self-operated stores reached 557, with a total of 1,001 Kappa brand stores after adjustments and optimizations[63]. Corporate Governance and Compliance - The company aims to enhance corporate governance practices to align with shareholder interests[144]. - Deloitte has been appointed as the company's auditor effective September 30, 2024, following the resignation of the previous auditor[148]. Cash Flow and Financial Position - As of September 30, 2024, the group's cash and bank balance is RMB 3,170 million, an increase of RMB 135 million compared to RMB 3,035 million on March 31, 2024[1]. - The group reported a net cash outflow of approximately RMB 6 million from operating activities during the reporting period[1]. - The average trade receivables turnover days during the reporting period was 32 days, compared to 35 days in the previous period[1]. - The average inventory turnover days during the reporting period was 266 days, compared to 265 days in the previous period[1]. Stock Options and Employee Incentives - The company has implemented a share incentive plan for management to ensure long-term commitment to the group's success[84]. - The stock option plan was adopted on August 8, 2019, and will remain effective for ten years unless terminated or amended[114]. - The company has a structured vesting schedule for stock options, which aligns employee incentives with long-term performance[126].

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。 China Dongxiang (Group) Co., Ltd. 中國動向（集團）有限公司 （於開曼群島註冊成立的有限公司） （股份代號：3818） 截至二零二四年九月三十日止六個月 中期業績公告 中國動向（集團）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 （統稱為「本集團」）截至二零二四年九月三十日止六個月未經審核之業績。以下為業績摘 要： | --- | --- | --- | --- | |-------------------------------|-----------------------------------|------------------|---------------| | | | | | | 業績摘要 | | | | | | 截至九月三十日止六個月 二零二四年 | 二零二三年 | | | | 未經審核 | 未經審核 | 變動 | | | （人民 ...

Financial Performance - Revenue for the reporting period reached RMB 1,744 million, a year-on-year increase of 3.9%[37] - The company recorded a loss attributable to equity holders of RMB 639 million, compared to a loss in the previous year[37] - KAPPA brand's offline business grew significantly by 14% year-on-year, with gross margin increasing by 2.1 percentage points to 69.4%[37] - The company's total sales for the reporting period were RMB 1,744 million, a 3.9% increase compared to the previous year's RMB 1,679 million[89] - Kappa brand sales increased by 6.2% to RMB 1,638 million, with total group sales growing by 3.9% to RMB 1,744 million[114][117] - Gross profit margin improved by 4.9 percentage points to 68.3%, driven by higher new product mix and increased retail discount rates[121][123] - The group reported an operating loss of RMB 778 million, with an operating loss margin of 44.6%, compared to an operating profit of RMB 138 million and an operating profit margin of 8.2% in the previous period[141] - Net financial income for the period was RMB 19 million, down from RMB 40 million in the previous period, with bank deposit interest income of RMB 25 million and a foreign exchange loss of RMB 3 million[141] - The company recorded a pre-tax loss of RMB 759 million, resulting in an income tax credit of RMB 120 million, with an effective tax rate of 15.8%[141][142] - The company's attributable loss was RMB 639 million, with an attributable loss margin of 36.6%, compared to an attributable profit of RMB 115 million and an attributable profit margin of 6.8% in the previous period[142] - Revenue for the fiscal year ending March 31, 2024, was RMB 1,744,023 thousand, an increase of 3.9% compared to RMB 1,678,916 thousand in 2023[186] - Gross profit for 2024 was RMB 1,192,292 thousand, up 12.1% from RMB 1,063,544 thousand in 2023[186] - Operating loss for 2024 was RMB 778,219 thousand, compared to an operating profit of RMB 137,848 thousand in 2023[186] - Net loss for 2024 was RMB 639,359 thousand, a significant decline from a net profit of RMB 114,997 thousand in 2023[186] - Other comprehensive income for 2024 was RMB 114,915 thousand, down 59.3% from RMB 282,620 thousand in 2023[186] - Total comprehensive loss for 2024 was RMB 524,444 thousand, compared to a total comprehensive income of RMB 397,617 thousand in 2023[186] - Financial income decreased to RMB 25,089 thousand in 2024 from RMB 51,682 thousand in 2023[186] - Financial expenses decreased to RMB 6,556 thousand in 2024 from RMB 11,677 thousand in 2023[186] - Net financial income for 2024 was RMB 18,533 thousand, down 53.7% from RMB 40,005 thousand in 2023[186] Operational Efficiency - Average trade receivables turnover days decreased to 31 days from 33 days in the previous period[1] - Average trade payables turnover days decreased to 94 days from 115 days in the previous period[1] - Average inventory turnover days decreased to 206 days from 218 days in the previous period[1] - The company reduced the number of stores by 11 during the reporting period[23] - KAPPA brand's total number of stores as of March 31, 2024, was 1,012, a net decrease of 11 stores compared to the same period last year[51] - The company's sales cost decreased by RMB 63 million to RMB 552 million compared to the previous period[94] - Employee compensation and benefits expenses increased by RMB 36 million to RMB 127 million, while outsourcing labor costs decreased by RMB 1 million to RMB 155 million[101][102] - The company's digital transformation strategy improved operational efficiency by integrating online and offline resources and enhancing data systems[82] - Distribution and administrative expenses increased to RMB 1,196 million, accounting for 68.6% of total sales, up 0.9 percentage points[126] - Product design and development expenses increased by RMB 4 million to RMB 41 million[127] - Operating cash inflow was RMB 199 million, while other cash outflows totaled RMB 94 million[131] - Logistics and warehouse operating expenses decreased by RMB 5 million to RMB 34 million during the reporting period, attributed to optimized warehouse structure and improved operational efficiency[148] Brand and Marketing Strategy - The company's KAPPA brand focused on enhancing user engagement through media and holiday campaigns[21] - KAPPA sponsored the popular variety show "Unstoppable," significantly boosting brand exposure and attention[38] - The company aims to optimize brand strategy, increase consumer interaction, and deepen market layout[38] - The company's core brands, KAPPA and PHENIX, focus on brand philosophy and product quality, aiming to meet consumer demands[37] - The company plans to continue focusing on the younger generation through cross-border collaborations, innovative brand promotions, and sponsoring popular programs to enhance brand visibility and competitiveness[53] - KAPPA's sponsorship of the variety show "Unstoppable" resulted in over 5 billion exposures across the internet, with hundreds of influencers wearing KAPPA products, significantly boosting brand visibility[75] - KAPPA launched a New Year special edition clothing with magnetic buttons, which attracted consumers to visit stores and sparked discussions on social media[75] - PHENIX collaborated with NIO to create exclusive snow suits for NIO car owners, combining the fields of new energy and skiing[76] - PHENIX became the designated sponsor of Tsinghua University's ski team and launched custom ski suits, contributing to the promotion of university ski culture[76] - PHENIX partnered with Dongfang Zhenxuan for team-building ski suits, with top influencers wearing PHENIX ski apparel, increasing online exposure and search index[76] - PHENIX plans to establish a 600-square-meter member service center at Wanlong Ski Resort to enhance the skiing experience for enthusiasts[76] - PHENIX organized the FREERIDE training camp for the 2023/24 ski season, offering professional safety courses and fostering interest in skiing among youth[76] - PHENIX collaborated with Chicamp to host freestyle training camps at major ski resorts, inviting renowned skiers to lead the sessions[76] - PHENIX's product lines include professional ski gear, urban fashion, and outdoor functional wear, catering to diverse consumer needs[75] - Kappa brand's self-operated retail stores reached 557, with self-operated channel sales reaching RMB 953 million, an increase of RMB 8 million compared to the previous period, accounting for 58.2% of Kappa's total sales[93] - Kappa brand's gross profit margin increased by 2.1 percentage points to 69.4%, driven by higher new product ratios and increased retail discounts[97] - Kappa brand's non-self-operated channel sales grew by 14.7% to RMB 685 million, accounting for 41.8% of Kappa brand sales[120] - The number of Kappa brand self-operated stores reached 1,012 after optimization and adjustment[118] - Group sales and advertising expenses decreased by RMB 72 million to RMB 386 million, primarily due to the transfer of store fixture costs to depreciation and amortization and adjustments in marketing campaign timing[136] Investment and Financial Strategy - The company proposed a special dividend of RMB 0.51 per share for the fiscal year ending March 31, 2024[8] - The company plans to leverage its financial strength and industry experience to explore opportunities in international brands within China and regional markets[27] - The company will adjust its investment asset structure, strengthen cooperation with project management, and carefully advance new investments to ensure stable returns for shareholders[53] - The company faces risks from macroeconomic fluctuations in China, which could impact consumer purchasing power and the company's profitability[54] - The company acknowledges risks in its investment business, including market volatility, regulatory changes, and project failures, but will adhere to strict decision-making processes to mitigate these risks[55] - The investment division's net assets were RMB 8,268 million, a decrease of 5.4% year-on-year, with a total loss of RMB 724 million in the investment sector[82][100] - The company's investment strategy includes equity, stock, fixed income, and cash management, aiming to optimize asset structure and ensure stable returns[82] - Investment division reported a net loss of RMB 724 million, primarily due to RMB 824 million in fair value losses on financial assets[135] - The group's financial assets at fair value through profit or loss amounted to RMB 4,727 million as of March 31, 2024[134] - The company proposed a final special dividend of RMB 0.51 cents per ordinary share for the twelve months ended March 31, 2024[141] - The total number of ordinary shares issued by the company as of March 31, 2024, was 5,887,561,025[138] - The company paid an interim special dividend of RMB 0.71 cents per ordinary share, totaling RMB 41,802,000, for the six months ended September 30, 2023[138] - The final special dividend will be paid in Hong Kong dollars based on the official exchange rate of 1.00 HKD = RMB 0.91234 as reported by the People's Bank of China on June 25, 2024[138] - The company's shareholder register will be closed from August 28, 2024, to August 30, 2024, to determine shareholders' entitlement to the final special dividend[142] - The company's provision for impairment of receivables increased by RMB 112 million to RMB 138 million as of March 31, 2024, compared to RMB 26 million as of March 31, 2023, primarily due to a decline in the fair value of collateral for some loans[146] - The total book value of receivables from loans was RMB 901 million as of March 31, 2024, down from RMB 936 million as of March 31, 2023, with loans to independent third parties accounting for RMB 575 million and loans to management totaling RMB 313 million[146] - The company has 16 borrowers under its loan arrangements, with the largest borrower accounting for RMB 313 million, and the top five borrowers collectively accounting for RMB 600 million, representing a significant portion of the total receivables[146] - The company paid dividends of approximately RMB 70 million during the reporting period[157] - As of March 31, 2024, the net asset value attributable to equity holders was RMB 9,075 million, compared to RMB 9,665 million as of March 31, 2023[157] - The company's current assets exceeded current liabilities by RMB 3,990 million as of March 31, 2024, with a current ratio of 9.0x[157] - The company's cash and bank balances increased by RMB 477 million to RMB 3,035 million as of March 31, 2024, compared to RMB 2,558 million as of March 31, 2023[165] - The company invested RMB 2,340 million in financial assets and received RMB 2,745 million from the disposal of financial assets and dividend income during the reporting period[165] - The company entered into a limited partnership agreement with Yunfeng Fund IV in February 2021, with a total commitment of USD 20 million, of which USD 9 million has been paid as of March 31, 2024[160] - The company entered into a limited partnership agreement with CPE Global Select Fund, L.P. in November 2023, with a total commitment of USD 10 million, of which USD 2 million has been paid as of March 31, 2024[170] - The company entered into a limited partnership agreement with TH Capital China Growth Fund I, L.P. in August 2023, with a total commitment of USD 10 million, of which USD 5 million has been paid as of March 31, 2024[175] - The company reported a basic and diluted loss per share of RMB 0.109 for the reporting period, compared to a profit of RMB 0.0196 per share in the previous period[164] - The company has no significant investments or acquisitions of subsidiaries, associates, or joint ventures as of March 31, 2024[170] - Transactions under the 2020 renewed framework agreement with Maisheng Yuehe reached RMB 61,292,000 in the fiscal year ending March 31, 2024[195] ESG and Sustainability - The company plans to continue deepening ESG practices and contributing to the construction of a sustainable society[39] - The company emphasizes the importance of environmental, social, and governance (ESG) performance and has established an ESG committee to oversee related policies[60] - The company maintains a strict supplier selection process, requiring suppliers to have experience producing for top-tier brands and passing comprehensive evaluations[57] Product Innovation and Technology - The company emphasized product innovation and channel optimization to enhance market competitiveness[35] - The company will continue to invest in new product development and integrate AI technology to inject new momentum into brand growth[53] - Kappa Gara series integrated technology elements such as K-UV CUT, K-ICE KOOL, and K-FLASH DRY, enhancing product quality and comfort[78] - Kappa's footwear series focused on retro running shoes, trendy running shoes, lightweight running shoes, and skate shoes, with stable sales growth in the first quarter of 2024[78] - PHENIX continues to invest in research on biomechanics, engineering, and biology to develop advanced sports apparel technology[76] Market and Industry Trends - The company highlighted the growth potential in outdoor and winter sports, driven by consumer interest and government support[35] - The company expects the sports industry to grow rapidly in 2024, driven by favorable policies and major events like the Paris Olympics, which will release consumer potential and expand market size[53][59] - The company recognizes the competitive challenges in the sports apparel industry, where consumer demands for brand reputation, fashion, and technology are increasing[60]

Financial Performance - For the fiscal year 2023/24, the company's revenue was RMB 1,744 million, representing an increase of 3.9% compared to RMB 1,679 million in the previous fiscal year[38]. - The company reported a net loss attributable to shareholders of RMB 639 million for the fiscal year 2023/24, compared to a profit of RMB 115 million in the previous year[38]. - The gross profit margin improved to 68.3% in 2023/24, up from 63.4% in 2022/23[38]. - The group's overall sales increased by 3.9% to RMB 1,744 million compared to the previous period's RMB 1,679 million[172]. - Kappa brand sales grew by 6.2% to RMB 1,638 million from RMB 1,542 million in the previous period[177]. - The gross profit margin for the group improved to 68.3%, up 4.9 percentage points from 63.4% in the previous period[180]. - Kappa brand's gross profit margin increased to 69.4%, a rise of 2.1 percentage points compared to 67.3% in the previous period[182]. - The group's operating loss was RMB 778 million, compared to an operating profit of RMB 138 million in the previous period, resulting in an operating loss margin of 44.6%[164]. - Other income and losses resulted in a net loss of RMB 659 million, compared to a net income of RMB 157 million in the previous period[182]. - The company reported a loss attributable to shareholders of RMB 639 million, with a loss ratio of 36.6%, compared to a profit of RMB 115 million and a profit ratio of 6.8% in the previous period[193]. Asset Management - Non-current assets decreased to RMB 5,253 million from RMB 5,808 million, a decline of 9.5% year-on-year[17]. - Current assets decreased to RMB 4,488 million from RMB 4,769 million, a decline of 5.9% year-on-year[17]. - Total assets decreased to RMB 9,741 million from RMB 10,577 million, a decline of 7.9% year-on-year[17]. - Net assets attributable to equity holders decreased to RMB 9,075 million from RMB 9,665 million, a decline of 6.1% year-on-year[17]. - The company reported a net asset per share of RMB 154.74, down from RMB 164.80, reflecting a decrease of 6.5% year-on-year[17]. - The investment division's net assets as of March 31, 2024, were RMB 8,268 million, reflecting a year-on-year decrease of 5.4%[38]. - KAPPA's investment segment net assets amounted to RMB 8,268 million as of March 31, 2024, representing a year-on-year decrease of 5.4%[132]. Market Strategy and Brand Development - The company plans to enhance the market competitiveness of its core brand KAPPA through emotional marketing and cross-industry collaborations[28]. - KAPPA aims to deepen market engagement and optimize brand strategy by focusing on consumer interaction and co-creation[27]. - The company is actively seeking partnerships and sponsorships to increase brand exposure, as seen with its collaboration on the popular variety show "Unstoppable"[27]. - The company will continue to adapt its marketing strategies to align with the lifestyle and preferences of younger consumers[28]. - The KAPPA brand's offline business experienced a notable growth of 14% year-on-year, reflecting strong market performance[50]. - The group aims to enhance its market influence and lead the industry towards high-quality development[50]. - The group emphasizes Kappa's brand philosophy of "passion, sexiness, and avant-garde," enhancing brand exposure through sponsorship of popular variety shows[70]. - KAPPA became the clothing sponsor for the variety show "Unstoppable," achieving over 5 billion exposures online since its airing[125]. - KAPPA launched a special New Year clothing line with magnetic buttons, engaging younger consumers and increasing brand interaction[125]. Sustainability and ESG Commitment - The company is focusing on sustainable development and has integrated ESG strategies into its daily operations to create long-term value[38]. - The company aims to promote green development and is committed to building a green sports environment[38]. - The group emphasizes its commitment to ESG practices and social contributions to promote sustainable development in the sports industry[55]. - The company has established an Environmental, Social, and Governance (ESG) committee to oversee its sustainability commitments[140]. Operational Efficiency and Cost Management - Sales and advertising expenses decreased to RMB 386 million from RMB 458 million, a reduction of RMB 72 million[161]. - The logistics and warehouse operating expenses were RMB 34 million, down from RMB 39 million, reflecting improved operational efficiency[162]. - Employee compensation and benefits expenses increased to RMB 127 million, up RMB 36 million from RMB 91 million in the previous period[186]. - Outsourced labor costs decreased slightly to RMB 155 million from RMB 156 million in the previous period[187]. - The company optimized its internal organizational structure to enhance employee engagement during the reporting period[186]. Market Trends and Economic Outlook - The global economic growth forecast for 2024 is projected to slow to 2.4%, presenting challenges for the company[50]. - The global economy is experiencing a weak recovery post-pandemic, with the World Bank projecting a growth rate of 2.4% for 2024, marking a slowdown for three consecutive years[63]. - The International Monetary Fund (IMF) has revised the global growth estimate for this year to 3.2%, with inflation expected to decline from an average of 6.8% in 2023 to 5.9% in 2024[63]. - China's GDP growth target for 2024 is set at around 5%, supported by policies aimed at stabilizing economic development and enhancing market confidence[63]. - The first quarter of 2024 saw a 6.2% year-on-year increase in per capita disposable income for residents, indicating a positive economic trend[50]. - China's GDP for 2023 reached 5.2%, with the first quarter of 2024 showing a preliminary year-on-year growth of 5.3%, exceeding market expectations[87]. Product Innovation and Development - The company plans to continue its focus on innovation and sustainable development, aligning with consumer demand for green products[55]. - The group is committed to product innovation, enhancing market competitiveness through new designs, materials, and functionalities[95]. - KAPPA launched the K-TECH technology platform, integrating advanced technology into the KAPPA Gara series, enhancing product functionality and fashion appeal[128]. - The KAPPA 1916 series draws inspiration from the brand's century-long history, focusing on retro sports designs and targeting a new generation of consumers[128]. - KAPPA's product line includes innovative collaborations with international brands, enhancing its market presence and appeal to younger consumers[128]. Retail and Sales Channels - The total number of Kappa brand stores reached 1,012 as of March 31, 2024, compared to the previous year, reflecting a focus on expanding retail networks[75]. - The group has reduced the number of KAPPA brand stores to 1,012 as of March 31, 2024, a net decrease of 11 stores compared to the same period in 2023[102]. - The number of self-operated Kappa stores reached 557, with self-operated channel sales amounting to RMB 953 million, representing 58.2% of Kappa's total sales[151]. - The non-self-operated Kappa sales reached RMB 685 million, accounting for 41.8% of Kappa's total sales, an increase from 38.7% in the previous period[179]. - The accessories business has shown steady growth, with online sales significantly increasing and contributing to overall sales performance[102]. - The group is actively exploring new sales channels to expand its business boundaries and improve customer satisfaction and loyalty[102]. - The group will continue to improve its online and offline sales channels to enhance business capabilities and sales performance[106]. Strategic Partnerships and Collaborations - The company is actively expanding offline channels and has established deep cooperation with Changli Wanlong Ski Resort to enhance brand experience[38]. - PHENIX, the group's high-end ski brand, continues to strengthen its market leadership by collaborating with NIO Life to design exclusive ski apparel[77]. - The PHENIX brand has partnered with NIO to create co-branded ski wear, expanding into the crossover market of electric vehicles and skiing[99]. - The PHENIX brand aims to promote the ice and snow industry by establishing long-term cooperation with ski resorts and enhancing brand visibility[99].

ICX - ID() T T 1 ® 2 5 管理層討論及分析 34 公司資料 T STARTHERS A 125 ැන් 2019-01- / t a | --- | --- | --- | --- | |-------|---------------------------------------------|-------|---------------------------------------------------------------------------| | | 其他重要資訊 | | | | 1. | 股份信息 | 3. | 二零二三╱二零二四年中期特別股息 | | | 上市：香港聯合交易所主板 二零零七年十月十日 | | 中期特別股息：每股人民幣 0.71 分 派付日期：二零二三年十二月二十二日或前後 | | | 股份代號： 03818 | 4. | 投資者關係部 | | | 於二零二三年九月三十日已發行 | | 中華人民共和國北京 | | | 普通股數目： 5,887,561,025 股 | | 北京經濟技術開發區 | | | | | 景園北街 2 號 21 號樓 | | 2. ...

8 其他資料 中期簡明綜合財務資料 34 | --- | --- | |------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | 執行董事 | 陳義紅先生（主席） 陳晨女士（首席執行官、總裁兼聯席主席） 呂光宏先生（首席財務官） | | 獨立非執行董事 | 陳國鋼博士 高煜先生 劉曉松先生 | | 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 | | 法律顧問 | 諾頓羅氏富布萊特香港 Conyers Dill & Pearman (Cayman) Limited 北京市中倫（上海）律師事務所 | | 授權代表 | 高煜先生 衛佩雯女士 | | 公司秘書 | 衛佩雯女士 | | 主要股份過戶登記處 | Suntera (Cayman) Limited Suite 3204, U ...

Financial Performance - Revenue for the fiscal year ended March 31, 2023, was RMB 1,679 million, a decrease of 12.4% from RMB 1,916 million in the previous year[12]. - Operating profit for the same period was RMB 138 million, recovering from an operating loss of RMB 1,786 million in the previous year[12]. - Net profit attributable to the company's owners was RMB 115 million, compared to a net loss of RMB 1,783 million in the previous year[12]. - Gross margin for the year was 61.2%, down from 63.9% in the previous year[12]. - The company reported a net asset value per share of RMB 164.80, an increase from RMB 159.46 in the previous year[12]. - Total assets as of March 31, 2023, were RMB 10,577 million, slightly up from RMB 10,485 million in the previous year[12]. - The debt-to-equity ratio improved to 0.09 from 0.12 in the previous year, indicating a stronger financial position[12]. - The company reported a debt-to-equity ratio of 0.14 for the fiscal year 2022/23, indicating a stable financial position[53]. - The total revenue for the group was RMB 1,678,916 thousand, down 12.4% from RMB 1,915,735 thousand in the previous year[159]. - The gross profit for the group was RMB 1,063,544 thousand, compared to RMB 1,122,175 thousand in the previous year, indicating a decrease in gross profit margin[159]. - The operating profit for the group was RMB 137,848 thousand, a significant recovery from an operating loss of RMB 1,786,216 thousand in the previous year[159]. - The net profit from continuing operations was RMB 114,997 thousand, compared to a loss of RMB 1,765,704 thousand in the previous year, marking a turnaround in profitability[159]. - Total comprehensive income for the year was RMB 397,617 thousand, a significant recovery from a loss of RMB (1,893,956) thousand in the prior year[160]. - Basic and diluted earnings per share from continuing operations were RMB 1.96, a turnaround from a loss of RMB (30.11) per share in the previous year[160]. Market Strategy and Development - The company aims to enhance user confidence and promote a high-quality healthy lifestyle through its products[6]. - The group plans to continue focusing on digital transformation and omnichannel strategies to enhance operational efficiency and consumer engagement[32]. - The group aims to expand its market presence by seeking opportunities to operate more international brands in China and regional markets[39]. - The company is focusing on digital transformation and leveraging new technologies to optimize supply chain management and user experience[98]. - The group plans to continue expanding its market presence and product offerings, focusing on innovative designs and functional products to enhance customer experience[110]. - The company is optimistic about the growth potential of the sportswear market in China, driven by government initiatives and increasing industry penetration[110]. - The brand's strategy includes collaborations with trendy brands and digital marketing initiatives to attract younger consumers[76]. - The group aims to strengthen brand interaction with younger consumers through innovative marketing and co-branding initiatives[81]. Product Development and Innovation - The Kappa brand launched the Kappa 1916 product series during the reporting period, drawing design inspiration from its century-long history[32]. - The Kappa Player series was launched, integrating current fashion trends with the brand's historical elements, aimed at appealing to the youth market[57]. - The company emphasized the development of Kappa Sports products, incorporating advanced technologies such as K-FLEX and K-BREATH to enhance product quality and comfort[75]. - Kappa launched a new product line themed around the Chinese New Year, integrating Italian style with Eastern aesthetics, aimed at enhancing brand engagement with young consumers[102]. - Kappa's product lines include the Kappa 1916 series, Kappa Player series, and Kappa Sports series, which have been upgraded to meet modern consumer preferences[104][105]. - Kappa brand launched new products across design, materials, and functionality to strengthen market competitiveness[100]. Sustainability and Corporate Responsibility - The group is committed to sustainable development by incorporating recyclable and bio-based fibers into its product development[35]. - The group will continue to deepen its environmental, social, and governance (ESG) strategies to achieve long-term sustainable development[35]. - The company is committed to sustainable development and creating long-term value for shareholders[58]. - The group recognizes the importance of environmental, social, and governance (ESG) factors for sustainable development[86]. - The company maintained a focus on responsible supply chain management, emphasizing environmental protection and supplier evaluation[135]. - The group is committed to sustainable development, investing in eco-friendly materials and technologies to align with environmental and social governance (ESG) goals[112]. Challenges and Risks - The decline in sales was attributed to a decrease in customer traffic due to localized COVID-19 outbreaks and the transition of the children's clothing business to a licensing model[124]. - The group acknowledges various operational risks, including rising material costs and potential disruptions in supply chains, and has implemented strategies to mitigate these risks[115]. - In the 2022/23 fiscal year, the overall retail market was significantly impacted by the pandemic, leading to weak market demand and high fluctuations in raw material costs[100]. - The overall industry is experiencing structural changes, with brand differentiation and product innovation becoming key factors influencing consumer purchasing decisions[98]. Store and Asset Management - The total number of Kappa brand stores reached 1,025 as of March 31, 2023, a net decrease of 158 stores compared to the previous year[32]. - The investment division net assets amounted to RMB 8,741 million, an increase of 3.0% year-on-year as of March 31, 2023[36]. - The total number of Kappa brand retail stores reached 1,025, reflecting ongoing optimization and expansion of the self-operated store network[139]. - The group plans to optimize its investment asset structure and pursue new project investments cautiously[82].

12 集團旗下phenix品牌定位高端專業滑雪用品。報告期 內，phenix重啟X-niX單板系列，其將復古元素、高端科 技及滑雪穿搭風格結合，為消費者提供極具個性的造 型。phenix還與日本知名潮牌#FR2合作發佈一系列新產 品，讓消費者感受phenix全新演繹的潮流趨勢。 項目管理方的緊密合作，審慎推進新項目投資及推動 已投項目的及時合理退出，為股東帶來長期穩定的收 入回報。 中 國 動 向（集 團）有 限 公 司 • 年度報告 2022/23 本集團將運用管理層對運動服裝行業的豐富經驗， 再結合本集團的雄厚財力，竭力尋求和發掘機會， 在中國及╱或區域性市場經營更多國際品牌。 品牌組合 ්‍ය Kappa Kids 中 國 動 向（集 團）有 限 公 司 • 年度報告 2022/23 隨著疫情防控較快平穩轉段，經濟活動得以恢復，生 產需求企穩回升，中國市場成為驅動全球經濟的主要 引擎。國家統計局公佈，2023年第一季度GDP較2022年 同期增長4.5%，高於2022年第四季度及2022年全年水 平；社會消費品零售總額同比增長5.8%。數據反映中 國一季度經濟運行開局良好，消費回彈力度明顯。 管理層討論 ...

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。 China Dongxiang (Group) Co., Ltd. 中 國 動 向（ 集 團 ）有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：3818） 有關2021/22年報及2022/23中期報告之補充公告 謹此提述中國動向（集團）有限公司（「本公司」）截至二零二二年三月三十一日止年度 之年報（「2021/22年報」）及截至二零二二年九月三十日止六個月之中期報告 （「2022/23中期報告」）。除另有規定外，本公告所採用之詞彙與2021/22年報及 2022/23中期報告所界定者具有相同涵義。 除2021/22年報及2022/23中期報告所提供之資料以外，本公司謹此提供額外資料， 載列如下： 購股權計劃 以購股權可根據授出購股權要約的條款及條件進行歸屬及╱或予以行使為限及根據 本公司的購股權計劃的條款，承授人須根據購股權承購股份的期間（即要約函中所 規定的行使期）乃由本公司董事（「董 ...