裁 至 2022年 9 月 30 日 止 6 個 月 中 期 報 告 殷 份 代 號 : 280 king fook holdings limited 景福集團有限公司 目 錄 2 管理層評語 11 中期財務資料審閱報告 13 簡明綜合收益及其他全面收益表 14 簡明綜合財務狀況表 15 簡明綜合權益變動表 16 簡明綜合現金流量表 17 未經審核中期簡明綜合財務報表附註 管理層評語 景福集團有限公司（「本公司」）董事會（「董事會」）提呈本公司及其附屬公司（統 稱「本集團」）截至2022年9月30日止6個月之報告書連同未經審核中期簡明綜合 財務報表。本集團截至2022年9月30日止6個月之簡明綜合收益及其他全面收益 表、簡明綜合權益變動表及簡明綜合現金流量表，以及本集團於2022年9月30日 之簡明綜合財務狀況表，所有該等報表均未經審核，並與經選擇之附註解釋編 列於本報告第13頁至第48頁。 中期股息 本公司董事會議決派發截至2022年9月30日止6個月之中期股息每普通股0.4港仙 （截至2021年9月30日止6個月：0.4港仙），合共3.6百萬港元，予於2022年12月12 日（星期一）名列本公司股東名冊之 ...

載全 年 日止年度 III 白 本版 股份代號：280 king fook holdings limited 景福集團有限公司 目錄 2 公司資料 | --- | --- | |-------|--------------------------| | | | | | | | 3 | 董事及高級管理人員簡歷 | | 5 | 主席報告書 | | 6 | 管理層討論及分析 | | 8 | 董事會報告書 | | 14 | 企業管治報告 | | 20 | 風險管理及內部監控報告 | | 23 | 獨立核數師報告書 | | 27 | 綜合收益及其他全面收益表 | | 28 | 綜合財務狀況表 | | 30 | 綜合權益變動表 | | 31 | 綜合現金流量表 | | 32 | 綜合財務報表附註 | | 86 | 投資物業概況 | | 87 | 五年財務概況 | 董事會 執行董事 鄧日燊先生 B.Sc., M.B.A., B.B.S., J.P.（主席） 馮鈺斌博士 王渭濱先生 非執行董事 吳明華先生 獨立非執行董事 鄭家成先生 鄭國成先生 何厚浠先生 侯旦丹女士 冼雅恩先生 授權代表 鄧日燊先生 B.Sc., M.B. ...

king fook holdings limited 景福集團有限公司 载 至2021年9月30日止6個月 中 期 報 告 股份代號: 280 目 錄 2 管理層評語 11 中期財務資料審閱報告 13 簡明綜合收益及其他全面收益表 14 簡明綜合財務狀況表 15 簡明綜合權益變動表 16 簡明綜合現金流量表 17 未經審核中期簡明綜合財務報表附註 管理層評語 景福集團有限公司（「本公司」）董事會（「董事會」）提呈本公司及其附屬公司（統 稱「本集團」）截至2021年9月30日止6個月之報告書連同未經審核中期簡明綜合 財務報表。本集團截至2021年9月30日止6個月之簡明綜合收益及其他全面收益 表、簡明綜合權益變動表及簡明綜合現金流量表，以及本集團於2021年9月30日 之簡明綜合財務狀況表，所有該等報表均未經審核，並與經選擇之附註解釋編 列於本報告第13頁至第48頁。 中期股息 本公司董事會議決派發截至2021年9月30日止6個月之中期股息每普通股0.4港仙 （截至2020年9月30日止6個月：無），合共3.6百萬港元，付予於2021年12月13日 （星期一）名列本公司股東名冊之股東。該中期股息將於2021年1 ...

Financial Performance - The group reported a revenue of HKD 1.2 billion for the fiscal year ending March 31, 2021, representing a year-on-year increase of 15%[43] - The company expects a revenue growth of 10% for the next fiscal year, projecting a target of HKD 1.32 billion[43] - The company reported total revenue of HKD 640.6 million for the fiscal year ending March 31, 2021, an increase of 4.0% from HKD 615.7 million in the previous year[51] - The net profit attributable to the company's owners reached HKD 28.6 million, a significant increase of 401.8% compared to HKD 5.7 million in the previous year[51] - The retail business revenue increased from HKD 613.2 million to HKD 639.6 million, representing a growth of 4.3% driven by store network expansion and strong sales of gold and jewelry products[52] - The gross profit margin improved to 35%, up from 32% in the previous year, due to better cost management[43] Customer and Market Growth - User data showed a 20% increase in active customers, reaching 500,000 by the end of the fiscal year[43] - New product launches contributed to a 25% increase in sales in the jewelry segment, with a total of 150 new items introduced[43] - The company is expanding its market presence in Southeast Asia, targeting a 30% increase in market share within the next two years[43] - New store openings contributed 39.5% to the sales growth, while the online shopping platform launched in April 2020 contributed 11.5% to the sales increase[52] - The company plans to enhance its online sales platform, aiming for a 40% increase in e-commerce revenue by the end of the next fiscal year[43] Dividends and Shareholder Returns - The board has approved a dividend payout of HKD 0.50 per share, reflecting a commitment to returning value to shareholders[43] - The board proposed a final dividend of HKD 0.01 per share, totaling HKD 9.1 million, compared to HKD 0.002 per share in the previous year[46] - The company reported a proposed final dividend of HKD 0.01 per share for the year ending March 31, 2021, compared to HKD 0.002 per share in 2020, reflecting a significant increase[73] Cost Management and Efficiency - The distribution and selling costs decreased to HKD 105.2 million from HKD 122.8 million, a reduction of 14.3% due to favorable lease terms and reduced marketing expenses[51] - Research and development investments increased by 18%, focusing on sustainable materials and innovative designs[43] Risk Management and Internal Controls - The company has established a risk management framework guided by a "three lines of defense" model, ensuring comprehensive responsibility for risk management and internal controls[171] - The audit committee oversees the risk management and internal control systems, conducting quarterly reviews and discussions with management[173] - The company conducts semi-annual self-assessments of its internal control systems and regularly reviews departmental policies and procedures[184] - The internal audit department conducted various risk assessments and audits, discussing significant matters related to risk and internal controls with management and the audit committee[188] - The board, with the assistance of external consultants, reviewed the risk management system during the reporting period and deemed it effective and sufficient[189] Corporate Governance - The company has adopted a board diversity policy to ensure a diverse range of skills and experiences among board members[149] - The chairman and CEO roles are held by different individuals, ensuring clear separation of responsibilities[139] - The independent non-executive directors confirmed their independence according to the listing rules[132] - The company has maintained directors' liability insurance to protect its directors from potential claims[114] - The company has not set a formal dividend policy or predetermined dividend rate, with future dividends to be considered based on various factors[126] Employee and Operational Insights - The company has approximately 137 employees as of March 31, 2021, with a performance-based bonus reward program in place[66] - The company plans to continue expanding its store network in key locations and invest in employee development to enhance customer experience[54] Inventory Management - The group reported inventory of approximately HKD 415,217,000 as of March 31, 2021, primarily consisting of jewelry, gold ornaments, gold bars, watches, and gifts[197] - For the fiscal year ending March 31, 2021, the inventory provision and impairment amounted to approximately HKD 18,101,000, while the reversal of inventory provision and impairment was about HKD 11,783,000[197] - The assessment of the appropriateness of provisions for obsolete and slow-moving inventory involves significant judgment based on historical experience and current market conditions[197]

載 至 2020 年 9 月 30 日 止 6 個 月 中 期 報 告 股份代號:280 ldings limited 有限公司 :: #8 .. #800 ts .. 目 錄 2 管理層評語 10 中期財務資料審閱報告 12 簡明綜合收益及其他全面收益表 13 簡明綜合財務狀況表 14 簡明綜合權益變動表 15 簡明綜合現金流量表 16 未經審核中期簡明綜合財務報表附註 管理層評語 景福集團有限公司（「本公司」）董事會（「董事會」）提呈本公司及其附屬公司（統 稱「本集團」）截至2020年9月30日止6個月之報告書連同未經審核中期簡明綜合 財務報表。本集團截至2020年9月30日止6個月之簡明綜合收益及其他全面收益 表、簡明綜合權益變動表及簡明綜合現金流量表，以及於2020年9月30日之簡明 綜合財務狀況表，所有該等報表均未經審核，並與經選擇之附註解釋編列於本 報告第12頁至第42頁。 中期股息 本公司董事會議決不派發截至2021年3月31日止年度之中期股息（截至2020年3 月31日止年度：無）予股東。 管理層討論及分析 集團業績回顧 本集團主要從事黃金首飾、珠寶、鐘錶及禮品零售，金條買賣及鑽石批發。本 集 ...

Financial Performance - The group's revenue for the year ended March 31, 2020, was HKD 615.7 million, an increase of HKD 63.8 million or 11.6% compared to HKD 551.9 million in the previous year[55]. - The consolidated profit attributable to the company's owners was HKD 5.7 million, compared to HKD 0.8 million in the previous year[55]. - The first quarter of 2020 saw a revenue decline of 14.8% compared to the same period last year due to the impact of the COVID-19 pandemic[55]. - The company experienced a 20.5% revenue growth in the first three quarters of the year, driven by local high-end customer sales[55]. - Retail revenue increased from HKD 549.3 million to HKD 613.2 million, reflecting an 11.6% growth despite challenges from trade disputes and the COVID-19 pandemic[62]. - Same-store sales growth was 14.8% for the year, with a notable decline of 14.8% in the fourth quarter due to the pandemic[62]. Dividends and Shareholder Meetings - The company declared a final dividend of HKD 0.02 per share for the year ending March 31, 2020[26]. - The board proposed a final dividend of HKD 0.002 per share, totaling HKD 1.8 million, compared to no dividend in 2019[57]. - The annual general meeting is scheduled for September 11, 2020, to review the audited financial statements for the year[26]. - Shareholders are encouraged to appoint a representative to vote at the meeting instead of attending in person[36]. COVID-19 Impact and Response - The company will implement health and safety measures at the annual general meeting due to the ongoing COVID-19 pandemic[35]. - The ongoing challenges in the luxury retail market in Hong Kong are expected to persist due to the COVID-19 pandemic[56]. - The group has accelerated the development of an online platform to better meet customer shopping needs due to the COVID-19 outbreak[63]. Operational Efficiency and Strategy - The company plans to continue providing high-quality products and explore online business platforms to improve services[56]. - The company is taking measures to improve operational efficiency, including inventory control and reducing rental expenses[56]. - The group plans to enhance competitiveness by adjusting store locations, operating costs, and product mix in response to changing market demands[63]. Risk Management and Internal Controls - The company has established a risk management framework guided by a "three lines of defense" model, ensuring comprehensive risk assessment and management[167]. - The risk management committee, composed of financial and operational executives, is responsible for designing, implementing, and monitoring the risk management system[170]. - The company employs a mixed approach to risk identification, utilizing both top-down and bottom-up methods, and has categorized identified risks into financial, operational, compliance, human resources, and reputational categories[176]. - The audit committee is responsible for overseeing the effectiveness of the risk management and internal control systems, conducting quarterly reviews[169]. - The internal control system aims to ensure effective operations, reliable financial reporting, compliance with applicable laws, and a robust risk management system[178]. Corporate Governance - The company has complied with the corporate governance code as per the Hong Kong Stock Exchange, with some deviations explained[127]. - The board of directors is responsible for overseeing the company's overall strategy, annual and interim performance, and significant acquisitions or disposals[132]. - The independent non-executive directors have potential competitive interests due to their roles in other jewelry companies, but the company is managed independently by experienced senior management[114]. - The company has adopted a board diversity policy to ensure a diverse range of skills and experiences among board members[150]. Financial Position - As of March 31, 2020, the group's current assets and current liabilities were approximately HKD 696.9 million and HKD 110.6 million, respectively, with cash and cash equivalents of about HKD 194.3 million[66]. - The total borrowings amounted to approximately HKD 31.3 million, resulting in a healthy debt-to-equity ratio of 4.9%[66]. - The group reported inventory of approximately HKD 471,461,000 as of March 31, 2020, primarily consisting of jewelry, gold ornaments, and watches[190]. - The provision for inventory impairment and obsolescence amounted to approximately HKD 6,364,000 for the fiscal year ending March 31, 2020[190]. Auditor and Financial Reporting - The financial statements for the year ending March 31, 2020, were audited by Hong Kong Li Xin De Hao CPA Limited[124]. - The independent auditor confirmed that the consolidated financial statements fairly reflect the group's financial position as of March 31, 2020[187]. - The board is responsible for preparing consolidated financial statements in accordance with Hong Kong Financial Reporting Standards and the Companies Ordinance[197].

king fook holdings limited 景福集團有限公司 载 至2019年9月30日止6個月 中期報告。 股份代號：280 | | 0 目 錄 2 管理層評語 11 中期財務資料審閱報告 13 簡明綜合收益及其他全面收益表 14 簡明綜合財務狀況表 15 簡明綜合權益變動表 16 簡明綜合現金流量表 17 未經審核中期簡明綜合財務報表附註 管理層評語 景福集團有限公司（「本公司」）董事會（「董事會」）提呈本公司及其附屬公司（統 稱「本集團」）截至2019年9月30日止6個月之報告書連同未經審核中期簡明綜合 財務報表。本集團截至2019年9月30日止6個月之簡明綜合收益及其他全面收益 表、簡明綜合權益變動表及簡明綜合現金流量表，以及於2019年9月30日之簡明 綜合財務狀況表，所有該等報表均未經審核，並與經選擇之附註解釋編列於本 報告第13頁至第52頁。 中期股息 本公司董事會議決不派發截至2020年3月31日止年度之中期股息（截至2019年3 月31日止年度：無）予股東。 管理層討論及分析 集團業績回顧 本集團主要從事黃金首飾、珠寶、鐘錶及禮品零售，金條買賣及鑽石批發。本 集團超過90%之收入來 ...

Financial Performance - The company reported a revenue of HKD 1.2 billion for the fiscal year ending March 31, 2019, representing a 5% increase compared to the previous year[9]. - The group's total revenue for the year ended March 31, 2019, was HKD 551.9 million, an increase of HKD 34.2 million or 6.6% compared to HKD 517.6 million in the previous year[33]. - Gross profit for the year was HKD 149,941,000, compared to HKD 122,516,000 in the previous year, indicating a year-over-year increase of about 22.4%[193]. - Operating profit for the year was HKD 2,653,000, a significant recovery from an operating loss of HKD 19,165,000 in 2018[193]. - The company reported a profit before tax of HKD 664, contrasting with a loss before tax of HKD 22,741,000 in the previous year[193]. - Total comprehensive income for the year was HKD 226,000, a recovery from a total comprehensive loss of HKD 21,754,000 in 2018[193]. - Basic and diluted earnings per share for the year were HKD 0.08, compared to a loss per share of HKD 2.49 in the previous year[193]. - Total assets decreased from HKD 747,769,000 to HKD 687,978,000, a decline of approximately 8%[1]. - Current assets increased from HKD 4,461,000 to HKD 6,888,000, representing a growth of about 54%[1]. - Current liabilities decreased from HKD 116,437,000 to HKD 54,282,000, a reduction of approximately 53%[1]. - Net asset value remained stable at HKD 626,808,000 compared to HKD 626,871,000, showing minimal change[1]. - Equity attributable to owners increased from HKD 631,194,000 to HKD 633,643,000, a slight increase of about 0.39%[1]. User Growth and Market Expansion - User data showed a growth in active users by 15% year-over-year, reaching 2 million active users[9]. - Market expansion plans include entering two new regions, which are projected to increase market share by 8%[9]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 15%[9]. - New product launches are expected to contribute an additional HKD 200 million in revenue in the upcoming year[9]. Operational Efficiency and Investments - The company aims to improve operational efficiency, targeting a 5% reduction in costs through process optimization[9]. - The company is investing HKD 50 million in research and development for new technologies aimed at enhancing user experience[9]. - The group plans to continue investing in personnel management, digital marketing channels, and product design to enhance customer service and operational efficiency[41]. Shareholder Value and Capital Management - The board has authorized a share buyback program of up to 10% of the company's outstanding shares to enhance shareholder value[9]. - The company has not purchased, sold, or redeemed any of its shares during the year[97]. Governance and Compliance - The company has established a robust environmental, social, and governance reporting system, with annual reports available on its website[51]. - The board of directors confirmed the independence of all independent non-executive directors as per the listing rules[68]. - The company has confirmed compliance with the disclosure requirements of the Listing Rules regarding connected transactions[89]. - The company has adhered to the risk management and internal control code provisions during the year ending March 31, 2019[134]. - The company has implemented measures to ensure timely and transparent disclosure of important information, adhering to applicable laws and regulations[153]. Risk Management - The company has established a risk management system to identify, assess, and respond to risks associated with its business operations, ensuring alignment with strategic objectives[156]. - The risk management framework follows a "three lines of defense" model, ensuring that business units are responsible for managing risks within their operations[157]. - The audit committee is responsible for reviewing the effectiveness of the risk management system and reports findings to the board of directors[163]. Inventory Management - As of March 31, 2019, the group's inventory amounted to approximately HKD 477,738,000, primarily consisting of jewelry, gold ornaments, and watches[173]. - The inventory provision and impairment for the fiscal year ending March 31, 2019, was approximately HKD 9,146,000, based on management's estimates regarding obsolete and outdated inventory[173]. Director Remuneration and Training - The remuneration for director Zheng Guo Cheng has increased to HKD 283,250 per year, while chairman Deng Ri Shan's remuneration has risen to HKD 1,800,000 per year[99]. - The company arranged and funded one training course for directors to enhance their professional development[120].