本报记者 冯雨瑶 刘钊 6月5日，A股三大指数小幅上涨，盘面上，兵装重组概念、足球概念、计算机设备、电子元件等板块涨 幅居前。 从兵装重组概念来看，7只兵装重组概念股股价集体走强。截至今日收盘，兵装重组概念板块整体上涨 8.24%。 其中，东安动力（600178）、湖南天雁（600698）、建设工业（002265）3只个股实现涨停。此外，长 安汽车（000625）、华强科技（688151）、中光学（002189）、长城军工（601606）股价亦纷纷拉涨。 截至收盘时间，前述个股分别涨3.34%、13.32%、5.88%、5.19%。 | ਡਿਊ | ERS | 名称 | 现价 = | 液肤幅(%)▼ | 通販 | 深速(%) = | 良手(%)= | 量比 | 品幅(%) = | 成交频 · | 波通用 = | 谈画市值 * | 市型军 = | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | 688151 | # 974 12 | 19.14 | 13.32 | 2.25 | ...

Financial Performance - For the six months ended September 30, 2024, turnover was HK$1,920.5 million, a decrease of 10.5% from HK$2,144.4 million in the previous year[10]. - Gross profit for the same period was HK$756.5 million, down 14.1% from HK$880.5 million year-on-year[10]. - Profit for the period was HK$32.4 million, a significant decline of 68.3% compared to HK$102.4 million in the prior year[10]. - Basic earnings per share decreased to 1.0 HK cents, down from 3.3 HK cents in the previous year[10]. - The profit margin for continuing operations was 1.7%, down from 4.8% in the previous period[15]. - The gross profit margin for continuing operations was 39.4%, down from 41.1% in the previous period[15]. - The Group's profit for the period declined to HK$32.4 million, with basic earnings per share at 1.0 HK cents, down from 3.3 HK cents in the previous year[82]. - The Group's turnover for the six months ended September 30, 2024, was HK$1,920.5 million, a decline of 10.4% compared to the previous period due to challenges in core markets of Hong Kong and Macau[76]. Dividends and Equity - The interim dividend per share is set at 0.75 HK cents, with a payout ratio of approximately 72%[10]. - As of September 30, 2024, total equity stood at HK$1,145.9 million, with net cash and bank balances of HK$337.9 million[11]. - The total equity amounted to HKD 1,145,917, reflecting an increase from HKD 1,135,218 in the previous period[16]. - The total equity dividend per share is HK$0.75, with a closing share price of HK$0.79 as of September 30, 2024[21]. - Total equity as of September 30, 2024, amounted to HK$1,145.9 million, including reserves of HK$835.6 million, reflecting an 8.5% decrease from HK$1,252.1 million as of March 31, 2024[192][194]. Sales and Market Performance - Offline sales in Mainland China increased by 23%, while Hong Kong and Macau saw a 19.4% increase in offline sales[12]. - The geographical sales mix indicates that Hong Kong and Macau contributed 73.1% of total sales, while Mainland China and Southeast Asia contributed 16.2% and 10.5%, respectively[12]. - Offline retail sales in Hong Kong and Macau decreased by 19.4% to HK$1,308.2 million, while offline sales in Mainland China decreased by 36.7% to HK$53.7 million due to operating 12 fewer stores[79]. - Same-store sales in Hong Kong and Macau decreased by 24.3% and offline sales decreased by 19.4% during the period[94]. - The decline in Macau's sales narrowed from 33.8% in the first quarter to 24.1% in the second quarter, reflecting improved performance due to increased tourist traffic[111]. - Sales in Hong Kong and Macau decreased by 6.4% year-on-year, showing significant improvement compared to declines of 20.4% and 16.4% in the first and second quarters respectively[189]. Online Sales and E-commerce - Total online sales reached HK$396.2 million, with online penetration increasing to 20.6% of total Group sales, up from 13.9% in 2023[63][67]. - Online sales increased significantly by 32.6% to HK$396.2 million, now representing 20.6% of the Group's total turnover, up from 13.9% in the previous year[80]. - Online sales in Mainland China increased significantly by 61.2% to HK$257.5 million, accounting for 65.0% of the Group's total online sales[133]. - The Group's online operations in Mainland China have turned profitable compared to the previous period[135]. - The Group's focus on e-commerce as a cornerstone of future growth initiatives includes the imminent launch of a new e-commerce platform in Singapore[181]. Operational Efficiency and Strategy - The company is actively integrating its physical and online business to enhance customer experience in the new retail era[4]. - The Group's strategy includes enhancing operational efficiency and expanding the offline network to adapt to changing consumer preferences[90]. - The Group plans to enhance operational efficiency through digitalization and zero-based budgeting, which has already improved store performance across regions[158]. - The Group aims to drive margin growth by investing in exclusive brands and optimizing inventory management to reduce turnover days[159]. - The Group's strategic focus includes investing in online business and integrating online and offline channels to create a seamless OMO shopping experience[60][64]. Market Conditions and Economic Environment - The macroeconomic environment in Mainland China remains challenging, with high youth unemployment and increased household savings impacting consumer spending behavior[42]. - The GDP growth rate for Hong Kong in the first half of 2024 is reported at 7.6%, while retail sales have shown a slight decline of 10.8%[23]. - The federal funds rate reached a 20-year high of 5.3% before a 50 basis points cut on September 19, 2024, which was followed by similar actions from the People's Bank of China[29]. - The October National Week holiday saw a significant improvement in tourist sales, attributed to improved consumer sentiment from monetary easing policies[189]. - The Group anticipates gradual improvement in consumption within the retail and tourism sectors due to government efforts to attract business exhibitions in Hong Kong and Macau[161]. Store Operations and Employee Data - The total retail space for continuing operations was 523,000 square feet, slightly down from 526,000 square feet in the previous period[19]. - The number of retail outlets for continuing operations decreased to 178 from 184 in the previous year[21]. - The number of employees remained stable at 5,000, consistent with the previous period[19]. - Employee costs for the six months ended September 30, 2024, were HK$331.2 million, with close to 2,600 employees as of the same date[191][195]. Customer Engagement and Brand Strategy - The Group's membership program was upgraded in September 2024 to provide personalized offerings and enhance customer experience[65]. - The introduction of new brands, including skincare brands Empro and Alteya Organics, aims to enhance customer loyalty and diversify the product portfolio[74]. - The establishment of a "Clean Beauty" section reflects the Group's commitment to sustainable and environmentally friendly products, earning recognition from the Hong Kong Environmental Protection Department[73]. - The Group's beauty consultants are effectively introducing exclusive brands that enjoy higher gross margins, capitalizing on changing consumer preferences[33]. - The Group aims to focus on exclusive brands in Mainland China to build brand loyalty and avoid direct price competition, leveraging consumer willingness to try lesser-known brands[172].

Revenue Performance - The group's revenue decreased by 10.4% to HKD 1,920.5 million, primarily due to weak macro market performance and cautious spending by mainland Chinese tourists in Hong Kong and Macau[1]. - Total revenue for the Hong Kong and Macau segment was HKD 1,403,071,000, while the total revenue for the mainland China segment was HKD 311,152,000, resulting in a total revenue of HKD 1,920,543,000 for the period ending September 30, 2024[11]. - The group's total revenue for the six months ended September 30, 2024, was HKD 1,920.5 million, a decrease of 10.4% compared to the same period last year[43]. - The group's total revenue for the third quarter from October 1 to November 10, 2024, decreased by 7.0% year-on-year, with Hong Kong and Macau sales down by 6.4% compared to a decline of 20.4% and 16.4% in the first and second quarters respectively, indicating significant improvement[71]. Profitability - Gross profit decreased by 14.1% to HKD 756.5 million, with a gross profit margin decline of 1.7 percentage points to 39.4%[1]. - The group's profit before tax was HKD 43.9 million, while profit after tax was HKD 32.4 million, compared to HKD 102.4 million in the previous year[1][2]. - Basic earnings per share were HKD 1.0, down from HKD 3.3 in the previous year[2]. - The group reported a profit of HKD 32.4 million, with basic earnings per share of HKD 0.01, down from HKD 0.033 in 2023[45]. - The group has identified operational segments including Hong Kong and Macau, mainland China, Southeast Asia, and others, with performance assessed primarily from a regional perspective[10]. Dividends and Shareholder Returns - The board declared an interim dividend of HKD 0.75 per share, equivalent to approximately 72% of the profit for the period[1]. - The interim dividend declared is HKD 0.75 per share, totaling HKD 23,274, compared to no dividend in the same period last year[22]. - The group maintained a stable dividend policy, declaring an interim dividend of HKD 0.0075 per share, representing approximately 72% of the period's profit[45]. Sales Channels and Market Performance - Online business in mainland China increased by 61.2%, rising from HKD 159.7 million in the same period last year to HKD 257.5 million[1]. - Total online sales reached HKD 396.2 million, accounting for 20.6% of total sales, up from 13.9% in 2023[38]. - Offline sales in Hong Kong and Macau fell by 18.4% to HKD 1,308.2 million, while online sales in mainland China increased by 27.2% to HKD 257.5 million[41]. - The group conducted 79 live-streaming sales events, which accounted for 21.5% of total online sales in Hong Kong and Macau during the period[54]. - The online shopping and in-store pickup (BOPIS) model continues to be a preferred choice for customers, enhancing the online-offline integration experience[53]. Operational Efficiency and Cost Management - Employee benefits expenses, including director remuneration, decreased to HKD 331,234, down 4.3% from HKD 345,968[15]. - The group plans to enhance operational efficiency through digital optimization and strict zero-based budgeting[64]. - The group aims to strengthen its exclusive brand portfolio and improve inventory management to enhance investment returns[64]. - Capital expenditures amounted to HKD 30,575,000, with HKD 15,335,000 attributed to Hong Kong and Macau, and HKD 15,201,000 to mainland China[11]. Market Trends and Consumer Behavior - The number of visitors from mainland China to Hong Kong and Macau reached 21.4 million and 17.0 million respectively, representing an increase of 13.0% and 13.8% compared to the same period last year[31]. - The group observed a shift in the demographics of mainland visitors, with younger travelers preferring value-for-money options and showing interest in niche brands[31]. - The Hong Kong retail sales showed a decline of 10.8% from April to September 2024, while the pharmaceutical and cosmetics sales increased by 0.6%[25]. - Macau's gaming revenue has been impacted by increased competition from other regions, but the government announced a new visa policy effective May 6, 2024, to attract more mainland visitors[33]. Financial Position and Assets - The group's total assets less current liabilities amounted to HKD 1,573.2 million, down from HKD 1,688.8 million[5]. - Net assets decreased to HKD 1,145.9 million from HKD 1,252.1 million[5]. - As of September 30, 2024, the group's total equity was HKD 1,145.9 million, with a cash and bank balance of HKD 337.9 million, indicating a strong financial position[74]. - The total assets as of September 30, 2024, were HKD 2,343,253,000, with non-current assets amounting to HKD 1,120,182,000 and current assets at HKD 1,223,071,000[12]. Strategic Initiatives - The group launched an upgraded membership program to enhance personalized services for members, completing a technical upgrade of the membership system by September 2024[37]. - The group is focusing on enhancing its store network in Hong Kong and Macau, maintaining 26 stores in core tourist areas as of September 30, 2024[36]. - The group is leveraging existing resources and partnerships with third-party e-commerce platforms to expand into North America, Australia, and New Zealand, where customer loyalty is high despite lower profit margins[70]. - The group is focusing on developing exclusive brands in mainland China to build brand loyalty and avoid direct price competition, while also exploring opportunities in online channels, particularly live streaming[67].

Revenue Growth - The group's total revenue increased by 24.8% to HKD 4,367.5 million, driven by the return of mainland travelers after the reopening of borders[2]. - Total revenue for 2024 reached HKD 4,112,322,000, compared to HKD 3,567,112,000 in 2023, marking a growth of 15.3%[14]. - The group achieved a total revenue of HKD 4,367.5 million, representing a year-on-year growth of 24.8%, primarily due to the return of travelers to the core markets of Hong Kong and Macau[47]. - Revenue breakdown shows Hong Kong and Macau at HKD 578.7 million (-21.8%), Mainland China at HKD 152.3 million (+83.9%), and Southeast Asia at HKD 79.7 million (+9.0%)[71]. Profitability - Gross profit increased by 27.3% to HKD 1,783.4 million, with a gross profit margin of 40.8%, up 0.8 percentage points year-on-year[2]. - The group turned a pre-tax loss of HKD 14.4 million from the previous year into a pre-tax profit of HKD 266.7 million, achieving a significant improvement of HKD 281.1 million[2]. - The company reported a net profit attributable to shareholders of HKD 218,883,000 in 2024, significantly up from HKD 58,247,000 in 2023, reflecting a growth of 275.5%[19]. - Basic earnings per share rose to HKD 7.1, compared to HKD 1.9 in the previous year[3]. Dividends - The board proposed a final dividend of HKD 0.05 per share, representing approximately 70% of the annual profit[2]. - The company proposed a final dividend of HKD 0.05 per share for 2024, while no dividend was declared in 2023[21]. Store Expansion - The group opened eight new stores during the year, including its first store in Singapore, and plans to open four more stores in Singapore post-fiscal year[2]. - The company opened five new stores in Hong Kong during the fiscal year, increasing the total number of stores in Hong Kong and Macau to 82[52]. - The group plans to open four new stores in Singapore in the first quarter of the 2024/25 fiscal year, following the reopening of physical stores in December 2023[39]. Online and Offline Sales - Offline sales in Hong Kong and Macau rose by 35.1% to HKD 3,207.3 million, while online sales in mainland China surged by 74.5% in the second half of the fiscal year[2]. - The group recorded a significant increase in online sales in mainland China, maintaining a high online sales mix of 71.4%[47]. - Online sales in mainland China surged by 36.3% to HKD 415.4 million, accounting for 58.8% of the group's total online revenue[61]. Customer Engagement - The conversion rate of travelers to customers reached double digits during the first nine months of the fiscal year, driven by the influx of mainland Chinese tourists[53]. - The company conducted 40 live-streaming sales events, which accounted for 9% of total online sales in Hong Kong and Macau for the fiscal year[57]. - The group is committed to a 30-day return guarantee for customers, reflecting its focus on quality assurance and customer satisfaction[29]. Market Trends - The group has identified a new trend of integrating online and offline retail models, which will be reflected in future financial reporting[9]. - The group observed a shift in the demographic of mainland Chinese visitors, with younger travelers more inclined to try niche brands, presenting opportunities for exclusive brand development[30]. - The group is focusing on enhancing its exclusive brand portfolio by collaborating with emerging niche brands and developing products jointly with brand owners[29]. Financial Management - The group maintained a strong cash position with a net cash balance of HKD 457.8 million as of March 31, 2024, up from HKD 273.3 million in the previous year[48]. - The leverage ratio as of March 31, 2024, is zero, down from 2.9% as of March 31, 2023[89]. - The group maintains a prudent financial risk management policy, avoiding high-risk investments or speculative derivatives[90]. Challenges - The group is facing challenges from labor shortages and high operational costs, impacting service levels and profitability[36]. - The group is actively seeking market gaps in non-tourist areas to better serve local customers, with two new leases signed post-fiscal year-end[76]. Future Outlook - The company provided a positive outlook for the next quarter, projecting a revenue growth of 10% to 12%[103]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of up to HKD 200 million for potential deals[103]. - The group plans to enhance operational efficiency through digitalization and strict budget management, aiming for sustainable profitability despite economic uncertainties[68].

智通财经APP获悉，莎莎国际(00178)涨超10%，截至发稿，涨10.84%，报0.92港元，成交额863.3万港 元。 消息面上，有消息称，香港政府向中央争取更多内地旅客来港，获得了积极回应，预料包括扩大自由 行。据悉，目前内地共有49个城市的居民可透过"个人游"计划往来香港，主要是一线城市。香港政务司 司长陈国基日前称，正与内地商讨增加自由行来港城市数目，亦会研究恢复深圳居民"一签多行"。 ...

Financial Performance - For the six months ended September 30, 2023, the turnover was HK$2,144.4 million, representing a significant increase from HK$1,550.5 million in the same period last year, marking a growth of 38.3%[7]. - The profit for the period was HK$102.4 million, a turnaround from a loss of HK$133.2 million in the previous year, indicating a positive shift in financial performance[9]. - The basic earnings per share were reported at 3.3 HK cents, a significant improvement from a loss per share of 4.3 HK cents last year[7]. - The operating profit from continuing operations reached HK$135,066, a significant recovery from previous losses[10]. - The Group's profit for the period improved to HK$102.4 million, a significant turnaround from a loss of HK$133.2 million in the previous period[48]. - Total comprehensive income for the period attributable to owners of the Company was HK$93,983,000, compared to a loss of HK$148,227,000 in the previous year[129]. Profitability and Margins - The gross profit margin improved to 38.3%, compared to 53.6% in the previous year, reflecting changes in cost structure and pricing strategies[7]. - Gross profit from continuing operations was HK$880,476, showing an increase from previous periods[10]. - Gross profit margin for continuing operations improved to 41.1%, up from 37.0% in the prior year[10]. - Selling and distribution costs as a percentage of turnover decreased from 39.6% to 30.0%, while administrative expenses decreased from 8.0% to 5.4%[47]. - The Group's gross profit increased by 53.6% to HK$880.5 million, with a gross profit margin of 41.1%, reflecting a significant improvement in sales and margins[50]. Financial Position and Liquidity - The company maintained a solid financial position with a gearing ratio of 2.8% as of September 30, 2023, indicating low leverage[7]. - The net cash and bank balances stood at HK$164.2 million, providing a strong liquidity position for future investments[7]. - The current ratio was reported at 1.5 times, suggesting adequate short-term financial health[7]. - Total equity increased to HK$1,135,218, reflecting a strong financial position[12]. - The Group maintained a strong liquidity position with working capital of HK$454.2 million, including net cash and bank balances of HK$164.2 million[116]. Sales Performance - Offline sales in Mainland China increased by 25.2%, while Hong Kong and Macau saw a substantial increase of 64.9% in offline sales[8]. - The geographical sales mix showed that Hong Kong and Macau contributed 80.2% of total sales, while Mainland China and Southeast Asia contributed 11.4% and 8.2%, respectively[8]. - Total online sales remained flat at HK$298.8 million, with online penetration increasing to 13.9% of total Group sales, up from 4.8% pre-COVID[37]. - Total online and offline sales in the Hong Kong and Macau SARs reached HK$1,719.6 million, accounting for 80.2% of total Group sales, growing 57.9% year-on-year[52]. - Offline sales in Macau SAR increased by 84.1% year-on-year, recovering to 65.9% of pre-pandemic levels, while same-store sales grew by 67.5%[66]. Market and Economic Conditions - The global economy is gradually recovering from the pandemic, with signs of partial recovery despite ongoing geopolitical tensions and high inflationary pressures[25]. - Hong Kong's GDP growth rate for April to September 2023 was 4.2%, while retail sales increased by 16.0% during the same period[18]. - Macau experienced a significant GDP growth of 119.4% and a retail sales increase of 64.3% from April to June 2023[18]. - Economic uncertainties and high household savings rates in Mainland China have led to a reluctance to spend, affecting overall consumer sentiment[31]. Strategic Initiatives - The company is actively integrating its physical and online business presence to enhance customer experience in the new retail era[3]. - The Group is focusing on market expansion and new product development strategies moving forward[10]. - The Group is exploring the shop-in-shop concept, launching exclusive areas for partner brands like La Estephe and Dr. G[35]. - The Group plans to open three new retail stores in Singapore in the second half of the financial year, re-establishing its offline presence[33]. - The Group is enhancing its Customer Relationship Management (CRM) program to integrate member pools from online and offline channels, expected to be fully implemented by the end of the current financial year[102]. Operational Challenges - Net cash used in operating activities was HK$(72,001), indicating cash flow challenges[12]. - The Group's loss in Mainland China narrowed significantly to HK$12.0 million from HK$63.0 million in the previous period[69]. - The Group has resumed its store upgrade program, with seven stores upgraded during the period, resulting in 240 lost operating days and impacting sales by approximately 2.0%[85]. - The Group is focusing on improving customer experience through initiatives like "Buy Online Pick-up In-Store" (BOPIS), enhancing operational effectiveness amid challenging economic conditions[68]. Inventory and Capital Expenditure - As of September 30, 2023, the Group's inventory was HK$878.8 million, an increase of HK$209.3 million compared to 31 March 2023, with inventory turnover days at 134 days[90]. - Capital commitments for the acquisition of property, plant, and equipment totaled HK$9.8 million as of September 30, 2023[121]. - The Group's total cash and cash equivalents at the beginning of the period were HK$303,256,000, with a net decrease of HK$100,597,000 during the period[141]. Employee and Operational Costs - The Group's employee costs for the six months ended September 30, 2023, amounted to HK$346.0 million[115]. - Employee benefit expenses, including directors' emoluments, increased to HK$345,968,000 from HK$334,630,000 year-on-year[177]. - Interest expenses on lease liabilities rose to HK$11,722,000 in the first half of 2023, compared to HK$7,571,000 in the same period of 2022[179].

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之任何損失承擔任何責任。 SA SA INTERNATIONAL HOLDINGS LIMITED 莎莎國際控股有限公司 (於開曼群島註冊成立之有限公司) (股份代號：178) 截至 2023 年 9 月 30 日止六個月中期業績 及 由 2023 年 10 月 1 日至 11 月 12 日之營運最新情況 | --- | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

th) SCISCI nniversar 心 連 心 ♥ 伴 你 美 麗 飛 航 -11 2022/23 年 報 莎 莎 國 際 控 股 有 限 公 司 l 股份代號:178 - - THE THE SERVER FREE STERE 1765 - 19 II JI S IN 關於我們 莎莎於1978年成立，為亞洲具領導地位的美粧產品零售集團。 公司於1997年於香港聯合交易所有限公司主板上市（股份代號：178），目前業務遍及香港及澳門特區、中國 內地及東南亞。莎莎以「美」為業務重心，並以一站式美粧產品平台的定位為顧客提供多元化的產品組合， 我們銷售逾600個產品品牌，涵蓋護膚品、香水、化粧品、護髮、身體護理產品、美肌養顏食品及美容儀器等。 我們的多元化電子商貿平台為不同國家的顧客提供全天候24小時的網上零售服務，以及最新產品資訊。為配合 新零售時代，我們正積極整合實體店及線上業務，致力為顧客締造「以客為中心」的全渠道購物體驗。 公司現為「富時指數系列」、「摩根士丹利資本國際指數系列」及「標普指數系列」成份股。 願景 使命 實現莎莎「締造美麗人生」的願景，我們矢志： • 為股東帶來合理回報 • 賦予員工機會提 ...

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之任何損失承擔任何責任。 SA SA INTERNATIONAL HOLDINGS LIMITED 莎莎國際控股有限公司 (於開曼群島註冊成立之有限公司) (股份代號：178) 截至 2023 年 3 月 31 日止年度全年業績公告、 暫停辦理股份過戶登記手續及 由 2023 年 4 月 1 日至 6 月 11 日之營運最新情況 | --- | --- | |-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | 摘要 | | | 集團全年營業額上升 2.6% 至 3,500.5 百萬港元 | | | 其中香港及澳門特區市場的線下銷售增長 ...