TEXWINCA holdings limited ＩＮＴＥＲＩＭ ＲＥＰＯＲＴ 中期報告 ２０２４ STERETHERBER 00 00 01 00 11 01 a Rich Ford NG TY TNHH ECOTEXTILE (VIỆT NAM) CO 科技(越南)有限 ECOTEXTILE (VIETNAM) COMPANY LIMITED INVENTIER IN IN IN HIND BUILD BUILD ITITETITUTITITITITITITI = 德永佳集團有限公司 = Stock Code 股份代號 : 321 CONTENTS 目錄 | --- | --- | --- | |-------|------------------------------------------------------------------|--------------------------| | | | | | | 02 Corporate & Shareholder Information | 公司及股東資料 | | | Financial Information | 財務資料 | | 04 | ...

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。 TEXWINCA HOLDINGS LIMITED 德永佳集團有限公司* （於百慕達註冊成立之有限公司） （股份代號：321） 網址：http://www.texwinca.com/ http://www.irasia.com/listco/hk/texwinca/ 截至二零二四年九月三十日止六個月之 中期業績公告 業績 德永佳集團有限公司（「本公司」）之董事會欣然公佈，本公司及其附屬公司（合稱「本集團」）截至 二零二四年九月三十日止六個月之未經審核簡明綜合中期業績。此中期業績已由本公司審核委員會審 閱。 簡明綜合損益表 截至九月三十日止六個月 | --- | --- | --- | --- | |----------------------------------------------------------------------------------------------|-------|- ...

| --- | --- | --- | --- | |-------------------------------------------------|--------------------------------------------------------|-------------------------------------------|--------------------------------------------------| | | | | | | PRINCIPAL BANKERS | | 主要往來銀行 | | | Bank of China (Hong Kong) Limited | | 中國銀行（香港）有限公司 | | | BNP Paribas | | 法國巴黎銀行 | | | Citibank, N.A. | | 花旗銀行 | | | | The Hongkong and Shanghai Banking Corporation Limited | 香港上海滙豐銀行有限公司 | | | Hang Seng Bank | | 恒生銀行 | | | Mizuho Bank ...

本年度股息詳情披露於本公告附註6內。 - 2 - | --- | --- | --- | |-----------------------------------------------------------------------------------------------------------------------------------|------------------------|-------------| | | | | | 綜合全面收入表 | | | | | 截至三月三十一日止年度 | | | | 港幣千元 | 港幣千元 | | | 二零二四年 | 二零二三年 | | 本年度溢利 | 138,946 | 63,101 | | | | | | 其他全面虧損 於其後期間可重新分類至損益的其他全面虧損： 於撤銷註冊一間附屬公司時解除外匯變動儲備 換算海外經營業務產生之匯兌差額 | (3,387) (159,056) | - (206,717) | | | | | | 本年度其他全面虧損，除稅後淨額 | (162,443) | (206,717) | | 本年度全面虧損總額 | (23,4 ...

CA holdings limited NTERIM REPORT 中 期 報 告 2023 CONTENTS 目錄 德永佳集團有限公司 二零二三中期報告 01 | --- | --- | |---------------------------------------------|------------------------| | DIRECTORS | 董事 | | Poon Bun Chak (Executive Chairman) | 潘彬澤 （執行主席） | | Ting Kit Chung (Chief Executive Officer) | 丁傑忠 （行政總裁） | | Ho Lai Hong | 何麗康 | | Poon Ho Tak | 潘浩德 | | Cheng Shu Wing* | 鄭樹榮 * | | Law Brian Chung Nin* | 羅仲年 * | | * Independent Non-executive Directors | * 獨立非執行董事 | | AUDIT COMMITTEE | 審核委員會 | | Law Brian Chung Nin (Chair ...

於二零二三年九月三十日的 公允值計量採用（未經審核） 於活躍巿場 的報價 （第一級） 重大不可觀察 的輸入數據 （第三級） 總額 港幣千元 港幣千元 港幣千元 港幣千元 重大可觀察 的輸入數據 （第二級） 長期按已攤銷成本的債務 工具 — — — — 於二零二三年三月三十一日的 公允值計量採用（經審核） 於活躍巿場 的報價 （第一級） 重大不可觀察 的輸入數據 （第三級） 總額 港幣千元 港幣千元 港幣千元 港幣千元 重大可觀察 的輸入數據 （第二級） 長期按已攤銷成本的債務 工具 15,000 — — 15,000 - 17 - 於二零二三年九月三十日及二零二三年三月三十一日，本集團並無按公允值計量第三級之金融工 具。 期內，金融資產及金融負債均無任何公允值計量第一級與第二級之間的轉撥，亦無從第三級轉入 或轉出（截至二零二二年九月三十日止六個月：無）。 已披露公允值的資產： — 40,788 — 40,788 於二零二三年三月三十一日的 公允值計量採用（經審核） 於活躍巿場 的報價 重大不可觀察 的輸入數據 重大可觀察 的輸入數據 | --- | --- | --- | --- | --- | |----- ...

DIRECTORS' INTERESTS AND SHORT POSITIONS IN SHARES AND UNDERLYING SHARES As at 31 March 2023, the interests and short positions of the directors in the shares and underlying shares of the Company or its associated corporations (within the meaning of Part XV of the Securities and Futures Ordinance (the "SFO")), as recorded in the register required to be kept by the Company pursuant to Section 352 of the SFO, or as otherwise notified to the Company and the Stock Exchange pursuant to the Model Code for Securit ...

Assets and Liabilities - Total non-current assets decreased to HKD 2,345,914 thousand in 2023 from HKD 2,596,785 thousand in 2022[3] - Total current assets decreased to HKD 4,600,708 thousand in 2023 from HKD 6,380,963 thousand in 2022[3] - Inventory decreased to HKD 1,519,889 thousand in 2023 from HKD 2,484,148 thousand in 2022[3] - Cash and cash equivalents decreased to HKD 1,927,436 thousand in 2023 from HKD 2,363,988 thousand in 2022[3] - Total current liabilities decreased to HKD 1,527,093 thousand in 2023 from HKD 3,032,615 thousand in 2022[3] - Net current assets decreased to HKD 3,073,615 thousand in 2023 from HKD 3,348,348 thousand in 2022[3] - Total non-current liabilities decreased to HKD 403,966 thousand in 2023 from HKD 509,614 thousand in 2022[4] - Net assets decreased to HKD 5,015,563 thousand in 2023 from HKD 5,435,519 thousand in 2022[4] - Property, plant, and equipment increased to HKD 1,204,066 thousand in 2023 from HKD 1,139,878 thousand in 2022[3] - Investment properties increased to HKD 543,405 thousand in 2023 from HKD 532,077 thousand in 2022[3] - Total assets decreased to HKD 6,946,622 thousand in FY2023 from HKD 8,977,748 thousand in FY2022[56] - Total liabilities reduced to HKD 1,931,059 thousand in FY2023 from HKD 3,542,229 thousand in FY2022[56] - Total assets minus current liabilities decreased to HKD 5,419,529 thousand in 2023 from HKD 5,945,133 thousand in 2022[133] - Reserves decreased to HKD 4,818,556 thousand in 2023 from HKD 5,230,119 thousand in 2022[134] - The company's equity attributable to ordinary shareholders decreased to HKD 4,818,556 thousand in 2023 from HKD 5,230,119 thousand in 2022[134] Revenue and Profit - Total revenue for 2023 decreased to HKD 6,058,755K from HKD 8,043,172K in 2022, representing a decline of approximately 24.7%[13] - Retail and distribution segment revenue for 2023 was HKD 1,760,944K, down from HKD 2,495,864K in 2022, a decrease of 29.4%[13] - Net profit for 2023 was HKD 63,101K, a significant drop from HKD 186,709K in 2022, reflecting a 66.2% decrease[13] - Revenue from external customers in Mainland China for 2023 was HKD 2,525,380K, down from HKD 3,829,672K in 2022, a decline of 34.1%[15] - Revenue from the US market decreased to HKD 1,733,597K in 2023 from HKD 2,694,177K in 2022, a decline of 35.6%[15] - Total revenue decreased by 24.7% to HKD 6,059 million in FY2023 compared to HKD 8,043 million in FY2022[72] - Net profit attributable to ordinary equity holders dropped by 60.7% to HKD 75 million in FY2023 from HKD 191 million in FY2022[72] - Revenue decreased to HKD 6,058,755 thousand in 2023 from HKD 8,043,172 thousand in 2022, a decline of 24.7%[130] - Gross profit dropped to HKD 1,571,965 thousand in 2023 from HKD 2,328,950 thousand in 2022, a decrease of 32.5%[130] - Net profit for the year fell to HKD 63,101 thousand in 2023 from HKD 186,709 thousand in 2022, a decrease of 66.2%[130] - Total comprehensive income for the year was a loss of HKD 143,616 thousand in 2023 compared to a profit of HKD 281,805 thousand in 2022[132] Business Segments - Retail and distribution business sales amounted to HKD 1,761 million, accounting for 29.1% of the group's total revenue, down from 31.0% in 2022[75] - Gross margin for the retail and distribution business was 44.9%, slightly decreased from 45.3% in 2022[75] - The company closed 267 self-operated stores in mainland China, representing 26.9% of the total self-operated stores in the market[75] - Hong Kong retail business revenue and gross margin increased by 14.0% and 4.7% respectively compared to the previous year[75] - Total sales in mainland China decreased by 43% to HKD 1,105 million, while Hong Kong sales increased by 14% to HKD 629 million[77] - Textile business sales decreased to HKD 4,297 million in FY2023 from HKD 5,544 million in FY2022, with gross margin dropping to 18.1% from 21.3%[74] - Sales revenue decreased by 22.5% to HKD 4,297 million in the textile business (2022: HKD 5,544 million), accounting for 70.9% of the company's total revenue (2022: 68.9%)[123] Expenses and Margins - Gross margin declined slightly by 3.1 percentage points to 25.9% in FY2023 from 29.0% in FY2022[72] - Gross profit margin for 2023 was 44.9%, slightly down from 45.3% in 2022[109] - Sales and distribution expenses decreased to HKD 971,391 thousand in 2023 from HKD 1,254,294 thousand in 2022[130] - Administrative expenses decreased to HKD 753,747 thousand in 2023 from HKD 808,651 thousand in 2022[130] - Operating loss for 2023 was HKD 267 million, an improvement from HKD 289 million in 2022[109] - EBITDA for 2023 was HKD -126 million, compared to HKD -26 million in 2022[109] Financial Ratios and Performance Metrics - Interest coverage ratio, accounts receivable turnover days, and inventory turnover days were 3x, 48 days, and 92 days respectively, compared to 7x, 51 days, and 113 days in 2022[80] - Total assets return ratio was -12.8% in 2023, down from -10.4% in 2022[109] - Sales return ratio was -15.4% in 2023, compared to -10.9% in 2022[109] - Equity return ratio was -226.0% in 2023, significantly lower than -73.4% in 2022[109] - Comparable store sales growth ratio was -17.7% in 2023, compared to -4.8% in 2022[109] Capital Expenditure and Investments - Capital expenditure for the textile business was HKD 246 million in FY2023, slightly down from HKD 251 million in FY2022[74] - Capital expenditure for the year was HKD 264 million, with HKD 246 million allocated to the textile and apparel business and HKD 18 million to retail and distribution[95] - Capital expenditure decreased to HKD 18 million in 2023 from HKD 49 million in 2022[109] - The company plans to establish a new production base in Southeast Asia to enhance business flexibility and cost efficiency, with Vietnam being a potential location[98] Other Income and Expenses - The company received HKD 107,128K in compensation for inventory losses due to a fire incident[13] - Interest income increased to HKD 41,534K in 2023 from HKD 28,839K in 2022, a growth of 44.0%[13] - Other income and gains increased to HKD 201,967 thousand in 2023 from HKD 154,085 thousand in 2022[130] - Inventory loss due to fire in a third-party warehouse in Mainland China amounted to HKD 162,278,000, with partial compensation received from the insurance company. A total of HKD 107,128,000 was recognized as a reversal in the consolidated income statement[33] Dividends and Shareholder Equity - The company proposed a final dividend of HKD 0.10 per ordinary share (2022: HKD 0.10), bringing the total dividend for the year to HKD 0.20 per ordinary share, an increase of 11.1% compared to the previous year[43] - Basic earnings per share were calculated based on the profit attributable to ordinary equity holders and the weighted average number of ordinary shares issued, which remained unchanged at 1,381,696,104 shares[35] Market and Regional Performance - Non-current assets in Mainland China decreased to HKD 1,477,385K in 2023 from HKD 1,660,509K in 2022, a reduction of 11.0%[15] - Net sales in Indonesia increased significantly to HKD 27 million in 2023, up 238% from HKD 8 million in 2022, with retail floor area expanding to 23,636 square feet and the number of stores doubling to 8[49] - The company had approximately 9,654 employees (2022: 12,427) across Greater China and Indonesia, with employee compensation determined based on industry conditions and individual performance[54] Accounts Receivable and Payable - Accounts receivable, net of loss provisions, amounted to HKD 26,707,000 (2022: HKD 29,346,000), with credit terms ranging from "cash before delivery" to "90 days from invoice date"[36] - Accounts payable at the end of the reporting period were non-interest bearing and generally had a 90-day credit term[37] - Receivables within 90 days decreased to HKD 417,019 thousand in FY2023 from HKD 831,462 thousand in FY2022[65] - Receivables over 90 days increased to HKD 145,353 thousand in FY2023 from HKD 75,089 thousand in FY2022[65] Depreciation and Amortization - Depreciation of property, plant, and equipment was HKD 222,829 thousand in FY2023, slightly down from HKD 225,798 thousand in FY2022[61] Tax and Financial Strategy - The company's effective tax rate remained at 16.5% for 2023, consistent with the previous year[18] - The company has adopted forward foreign exchange contracts to mitigate currency risks, with major assets, liabilities, revenues, and expenses denominated in HKD, USD, CNY, and JPY[97] Cash and Credit Facilities - Cash and cash equivalents, equity attributable to owners, and unused bank credit facilities stood at HKD 1,927 million, HKD 5,026 million, and HKD 6,036 million respectively at the end of the year[80] Economic Outlook and Risks - The company expects a slow global economic recovery in 2023 due to high inflation and interest rates, but anticipates improved consumer confidence as COVID-19 restrictions ease[85]

TEXWINCA holdings limited INTERIM REPORT 中 期 報 告 2022 德永佳集團有限公司 Stock Code 股份代號：321 CONTENTS 目錄 | --- | --- | --- | |-------|------------------------------------------------------------------|--------------------------| | | | | | 02 | Corporate & Shareholder Information | 公司及股東資料 | | | Financial Information | 財務資料 | | 04 | Condensed Consolidated Statement of Profit or Loss | 簡明綜合損益表 | | 05 | Condensed Consolidated Statement of Comprehensive Income | 簡明綜合全面收入表 | | 06 | Condensed Consolidated Statement of Fin ...

| --- | --- | |------------------------------------------------------------------|---------------------------------------------| | | | | | | | TEXWINCA holdings limited ＡＮＮＵＡＬ ＲＥＰＯＲＴ ２０２２年報 | | | | | | | 德永佳集團有限公司 Stock Code 股份代號：321 | Contents 目錄 | --- | --- | --- | |-------|------------------------------------------------|--------------------| | | | | | | 02 Corporate Information | 公司資料 | | | 04 Financial and Operational Highlights | 財務與業務摘要 | | | 06 Chairman's Statement | 主席報告書 | | | 07 Management's Disc ...