年度報告 2024 天福(開曼)控股有限公司 Tenfu (Cayman) Holdings Company Limited 股份代號 : 6868 | 目錄 | | --- | | 公司簡介 | 2 | | --- | --- | | 公司資料 | 4 | | 財務摘要 | 6 | | 主席報告 | 10 | | 管理層討論及分析 | 13 | | 董事及高級管理層 | 25 | | 企業管治報告 | 29 | | 董事會報告 | 46 | | 獨立核數師報告 | 73 | | 綜合財務報表 | | | 綜合資產負債表 ● | 78 | | 綜合全面收益表 ● | 80 | | 綜合權益變動表 ● | 81 | | ● 綜合現金流量表 | 82 | | ● 綜合財務報表附註 | 83 | i 天福（開曼）控股有限公司 >> 2022年年報 公司簡介 天福（開曼）控股有限公司（「本公司」或「我們」，連同其附屬公司合稱「本集團」）是中華人民共和國（「中 國」）領先的傳統中式茶產品企業，從事各類茶產品的銷售及營銷以及產品理念、口味及包裝設計的開 發。我們的主要產品為茶葉、茶食品及茶具，並通過自有及第三方零售門市及 ...

（股份代號：6868） 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 賴該等內容而引致的任何損失承擔任何責任。 Tenfu (Cayman) Holdings Company Limited 天福（開曼）控股有限公司 （於開曼群島註冊成立的有限公司） 截至2024年12月31日止年度的年度業績 財務摘要 天福（開曼）控股有限公司（「本公司」或「天福」，連同其附屬公司，「本集團」）董 事（「董事」）會（「董事會」）欣然公佈本集團截至2024年12月31日止年度的綜合業 績，以及截至2023年12月31日止年度的比較數字如下。 1 • 截至2024年12月31日止年度的收入由2023年的人民幣1,734.1百萬元減少 9.9%至人民幣1,562.6百萬元； • 截至2024年12月31日止年度的毛利由2023年的人民幣940.4百萬元減少 14.3%至人民幣806.3百萬元，毛利率由2023年的54.2%減少至截至2024年 12月31日止年度的51.6%； • 截至2024年12月31日止年 ...

中期 報告2024 Interim Report 中期報告 2024 Tenfu (Cayman) Holdings Company Limited 天福 開曼 ( 控股有限公司 ) Tenfu (Cayman) Holdings Company Limited 天福 開曼 ( 控股有限公司 ) (於開曼群島註冊成立的有限公司) 天福(開曼)控股有限公司 Tenfu (Cayman) Holdings Company Limited 股份代號 : 6868 目錄 | --- | --- | |----------------------|-------| | | | | | | | | | | 公司資料 | | | | | | 財務摘要 | | | 管理層討論及分析 | | | 其他資料 | | | 中期簡明綜合財務報表 | | • 中期簡明綜合資產負債表 27 | --- | --- | --- | --- | --- | |-------|-------|-------|--------------------------|-------| | | | | | | | | | | | | | | | • ...

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 賴該等內容而引致的任何損失承擔任何責任。 Tenfu (Cayman) Holdings Company Limited 天福（開曼）控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：6868） 截至2024年6月30日止6個月中期業績公告 | --- | --- | |-------|----------------------------------------------------------------------------------------------------------------------------------------| | | | | | 財務摘要 | | • | 截至 2024 年 6 月 30 日止 6 個月的收入由 2023 年同期的約人民幣 842.8 百萬元 減少 3.7% 至約人民幣 811.3 百萬元； | | • | 本集團的毛利由截至 2023 年 6 月 30 日止 6 個月的 ...

Financial Performance - For the fiscal year ending December 31, 2023, revenue increased by 1.1% to RMB 1,734.1 million from RMB 1,715.4 million in 2022[7]. - Gross profit rose by 2.2% to RMB 940.4 million, with a gross margin improvement from 53.6% in 2022 to 54.2% in 2023[7]. - Profit attributable to shareholders increased by 3.2% to RMB 213.2 million, with a net profit margin rising from 12.0% in 2022 to 12.3% in 2023[7]. - Basic earnings per share for the year were RMB 0.20, and the board proposed a final dividend of HKD 0.12 per share, equivalent to RMB 0.11[7]. - Total revenue for 2023 is expected to reach RMB 1.7 billion, despite challenges in the retail market due to post-pandemic effects and economic slowdowns[10]. - In 2023, the company achieved revenue of RMB 1,734.1 million, an increase of 1.1% compared to 2022, and recorded annual profit of RMB 213.2 million, up 3.2% year-on-year[17]. - The company's net profit margin increased from 12.0% in 2022 to 12.3% in 2023, primarily due to the increase in revenue[19]. - Revenue from tea sales amounted to RMB 1,254.7 million, representing 72.4% of total revenue, with a 0.9% increase from RMB 1,243.8 million in 2022[25]. - Revenue from tea food sales was RMB 244.5 million, accounting for 14.1% of total revenue, reflecting a 0.3% increase from RMB 243.7 million in 2022[25]. - Revenue from tea utensils increased by 3.5% to RMB 175.2 million, making up 10.1% of total revenue[25]. Retail and Market Presence - The company operates over 1,377 retail outlets and specialty stores across 31 provinces, regions, and municipalities in China as of December 31, 2023[3]. - The company has maintained a strong brand presence, being ranked first in the 2019 Chinese Tea Chain Brand Power Index[3]. - As of December 31, 2023, the company owned a total of 1,377 retail outlets and specialty stores, up from 1,332 as of December 31, 2022[18]. - The company plans to expand its sales network and optimize store locations, particularly in tier 3 and tier 4 cities, to enhance market presence[11]. - The company is focusing on building private traffic pools through WeChat and enhancing offline store presence to adapt to changing consumer market trends[99]. Financial Stability and Liabilities - The total assets as of December 31, 2023, are RMB 3,001,844 thousand, a decrease from RMB 3,139,492 thousand in 2022[9]. - The total liabilities decreased to RMB 1,216,132 thousand in 2023, down from RMB 1,369,426 thousand in 2022, indicating improved financial stability[9]. - The capital-to-debt ratio improved to 22.6% in 2023 from 27.7% in 2022, reflecting better management of liabilities[9]. - Cash and cash equivalents decreased by RMB 73.3 million or 21.0% from RMB 348.4 million as of December 31, 2022, to RMB 275.1 million as of December 31, 2023[37]. - Total bank borrowings decreased from RMB 678.1 million as of December 31, 2022, to RMB 521.1 million as of December 31, 2023[38]. Product Development and Strategy - The company has a multi-brand strategy to capture various segments of the traditional Chinese tea market, with its most recognized brand being "Tenfu"[3]. - New product development initiatives include the establishment of a culinary R&D department to diversify offerings, such as traditional delicacies and milk tea products[11]. - The company aims to develop new tea-related products to maintain its market leadership and adapt to changing consumer preferences[22]. - The company has adjusted its product mix, with a higher proportion of mid-to-high-end products to meet customer needs, and saw an increase in green tea sales revenue during the year[18]. - The company is planning to expand its product offerings to include health supplements such as bird's nest, sea cucumber, and ginseng to attract different customer segments[102]. Operational Efficiency and Cost Management - The company emphasizes cost management and operational efficiency to maintain profitability amid rising raw material costs[10]. - Inventory turnover days improved to 472 days in 2023 from 481 days in 2022, indicating better inventory management[9]. - Distribution costs decreased by 4.2% from RMB 380.3 million for the year ended December 31, 2022, to RMB 364.2 million for the year ended December 31, 2023, primarily due to cost control measures and a reduction in self-operated retail stores[29]. - Administrative expenses increased by 3.8% from RMB 272.6 million for the year ended December 31, 2022, to RMB 283.0 million for the year ended December 31, 2023, mainly due to increased labor costs and travel expenses[30]. Corporate Governance and Management - The company has established a strong governance framework with independent non-executive directors overseeing audit and remuneration committees, ensuring transparency and accountability[53][54]. - The board consists of nine members, including five executive directors, one non-executive director, and three independent non-executive directors, complying with the requirement that at least one-third of the board members are independent[59]. - The company emphasizes the importance of high-quality governance to enhance shareholder value and ensure long-term sustainable growth[56]. - The board is responsible for overseeing environmental, social, and governance (ESG) matters, assessing and managing significant risks[56]. - The company has established a whistleblowing policy for employees and stakeholders to report suspected misconduct confidentially[84]. Shareholder Engagement and Dividends - The company aims to declare dividends of no less than 20% of the group's after-tax consolidated profit for each financial year[106]. - The company plans to distribute a final dividend of HKD 0.12 per ordinary share, equivalent to RMB 0.11 per share, subject to shareholder approval at the annual general meeting on May 10, 2024[103]. - The company encourages shareholder participation in meetings and activities, promoting effective communication and engagement with stakeholders[90]. - The company has implemented a shareholder communication policy, which was reviewed for effectiveness as of December 31, 2023[89]. Risk Management - The company has established a three-tier risk management framework, with operational management responsible for identifying and managing daily operational risks[78]. - The board has reviewed the effectiveness of the mechanisms in place for risk management and internal controls as of December 31, 2023[73]. - The internal audit department provides reasonable assurance regarding governance, risk management, and internal control effectiveness, conducting risk-oriented audits regularly[82]. - The group employs a three-line defense model for risk management, with operational management as the first line, risk management oversight as the second, and internal audit as the third[80]. Market Challenges and Consumer Trends - The external environment remains complex and severe, with the global economy showing weak recovery and domestic economic challenges, leading to insufficient market confidence[97]. - Domestic economic recovery is characterized by a wave-like and tortuous process, with consumer market recovery momentum being weaker than expected[97]. - The tea industry faces intensified competition, with market share increasingly concentrated among brands with advantages in branding, channels, and product quality[99]. - The health-conscious consumer trend is driving demand for health-related products, with nearly 90% of consumers considering health attributes when purchasing gifts[102]. Related Party Transactions - The group has established ongoing related party transactions since 2009, primarily involving property leases[124]. - The company has entered into a renewed purchasing agreement with Lu Yu for tea sets, with annual purchase limits of RMB 20 million, RMB 22 million, and RMB 24 million for the years ending December 31, 2023, 2024, and 2025 respectively[126]. - The company has renewed a processing agreement with Samoa Group for tea leaf processing services, with annual limits of RMB 1 million, RMB 1.5 million, and RMB 2 million for the years ending December 31, 2023, 2024, and 2025 respectively[128]. Employee and Workforce Management - As of December 31, 2023, the company employed a total of 3,596 full-time employees, with compensation based on corporate performance and individual contributions[134]. - The company has established a mandatory provident fund scheme for employees in Hong Kong, with contributions set at 5% of relevant income, capped at HKD 30,000 per month[134]. - The company has not encountered any significant difficulties in recruitment or experienced major employee turnover during the reporting period[49].

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 賴該等內容而引致的任何損失承擔任何責任。 Tenfu (Cayman) Holdings Company Limited 天福（開曼）控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：6868） 截至2023年12月31日止年度的年度業績 | --- | --- | |-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | 財務摘要 | | • | 截至 2023 年 12 月 31 日止年度的收入由 2022 年的人民幣 1,715.4 百萬元增加 1.1% 至人民幣 1,734.1 百萬元； | | • ...

中期 報告2023 Interim Report 中期報告 2023 Tenfu (Cayman) Holdings Company Limited 天福 開曼 ( 控股有限公司 ) Tenfu (Cayman) Holdings Company Limited 天福 開曼 ( 控股有限公司 ) (於開曼群島註冊成立的有限公司) 天福(開曼)控股有限公司 Tenfu (Cayman) Holdings Company Limited 股份代號 : 6868 | --- | --- | --- | --- | --- | |-------|-------|-------|------------------------------|-------| | | | | | | | | | | | | | | | | | | | | | | 目錄 | | | | | | 公司資料 | 2 | | | | | | | | | | | 管理層討論及分析 | 5 | | | | | 其他資料 | 19 | | | | | 中期簡明綜合財務報表 | | | | | | • 中期簡明綜合資產負債表 | 27 | | | | | ...

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 賴該等內容而引致的任何損失承擔任何責任。 Tenfu (Cayman) Holdings Company Limited 天福（開曼）控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：6868） 截至2023年6月30日止6個月中期業績公告 | --- | --- | |-------|----------------------------------------------------------------------------------------------------------------------------------------| | | | | | 財務摘要 | | • | 截至 2023 年 6 月 30 日止 6 個月的收入由 2022 年同期的約人民幣 802.4 百萬元 增加 5.0% 至約人民幣 842.8 百萬元； | | • | 本集團的毛利由截至 2022 年 6 月 30 日止 6 個月的 ...

年度報告 2022 天福(開曼)控股有限公司 Tenfu (Cayman) Holdings Company Limited 股份代號 : 6868 | --- | --- | --- | --- | --- | --- | |-------|-------|-------|-----------------------------------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 目錄 | | | | | | | | | | | | | | 公司簡介 | | 2 | | | | | 公司資料 | | 3 | | | | | 財務摘要 | | 5 | | | | | | | | | | | | 主席報告 | | 6 | | | | | | | | | | | | 管理層討論及分析 | | 9 | | | | | | | | | | | | 董事及高級管理層 | | 19 | | | | | 企業管治報告 | | 23 | | | | | 董事會報告 | | 38 | | | | | 獨立 ...

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 賴該等內容而引致的任何損失承擔任何責任。 Tenfu (Cayman) Holdings Company Limited 天福（開曼）控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：6868） 截至2022年12月31日止年度的年度業績 | --- | --- | |-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | 財務摘要 | | • | 截至 2022 年 12 月 31 日止年度的收入由 2021 年的人民幣 1,924.7 百萬元減少 10.9% 至人民幣 1,715.4 百萬元； | ...