Contents 目錄 2 Corporate Information 公司資料 4 Financial Highlights 財務摘要 5 Company Profile and Corporate Culture 公司簡介及企業文化 8 Chairlady's Report 主席報告書 11 Management Discussion and Analysis 管理層討論及分析 45 Biographical Details of Directors and Senior Management 董事及高級管理層履歷 50 Corporate Governance Report 企業管治報告 84 Investor Relations Report 投資者關係報告 87 Directors' Report 董事會報告 141 Independent Auditor's Report 獨立核數師報告 151 Consolidated Statement of Financial Position 綜合財務狀況表 153 Consolidated Income Statement 綜合收益表 154 Conso ...

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依賴該等內容而引致的任何損失承擔任 何責任。 1 「EBITDA」等於「除稅、利息、折舊、攤銷前的營運盈利」。 2 「EBITDA率」等於「除稅、利息、折舊、攤銷前的營運盈利」除以「營業額」。 3 「營運盈利率」等於「營運盈利」除以「營業額」。 （股份代號：00336） 截 至 2024 年 12 月 31 日止年度業績公告 財務摘要表 | | 截至12月31日止年度 | | 百分比變動 | | --- | --- | --- | --- | | | 2024年 | 2023年 | | | | 人民幣千元 | 人民幣千元 | | | 營業額 | 3,373,265 | 3,307,839 | +2.0% | | 毛利 | 1,441,444 | 1,469,365 | -1.9% | | 毛利率 | 42.7% | 44.4% | | | EBITDA1 | (69,690) | 695,648 | 不適用 | | 2 EBITDA率 | -2.1 ...

Financial Performance - Revenue for the six months ended June 30, 2024, was RMB 1,582,285,000, representing a 3.0% increase from RMB 1,535,704,000 in 2023[9] - Gross profit for the same period was RMB 709,254,000, with a gross profit margin of 44.8%, down from 46.0% in 2023[9] - EBITDA decreased by 40.2% to RMB 262,021,000, resulting in an EBITDA margin of 16.6%, down from 28.5%[9] - Operating profit fell by 64.6% to RMB 100,287,000, with an EBIT margin of 6.3%, down from 18.4%[9] - Profit for the period attributable to equity holders was RMB 29,662,000, a decrease of 80.7% compared to RMB 153,970,000 in 2023[9] - Net cash generated from operating activities was RMB 113,507,000, down 67.7% from RMB 351,235,000[9] - Basic earnings per share decreased by 80.7% to approximately RMB0.92 cents, compared to approximately RMB4.77 cents in 1H 2023[23] - The decline in operating profit was primarily due to a share-based compensation expense of approximately RMB42.184 million recognized for the share incentive scheme[24] - An impairment of goodwill of approximately RMB29.309 million and an impairment of assets of approximately RMB20.189 million were recognized during the Reporting Period[24] - Profit before income tax for the six months ended June 30, 2024, was RMB 78,999,000, down 72.4% from RMB 286,738,000 in the previous year, mainly due to various impairment provisions and increased expenses[111] - The Group's profit for the period was RMB 46,286,000, a decrease of 76.9% compared to RMB 200,353,000 for the same period last year, driven by significant impairment charges and increased marketing expenses[116] Market Expansion and Strategy - The management is exploring overseas markets, particularly in Southeast Asia, to expand market reach and promote sales[11] - The Group is focusing on overseas market expansion due to insufficient domestic demand, particularly in Southeast Asia[13] - The Group plans to focus on developing domestic and Southeast Asia markets for flavors and fragrances, aiming to generate more sales through research and analysis[90] - The Group will continue to invest in R&D for emerging tobacco products and expand international markets to promote product sales[90] Production and Efficiency - The company has implemented a "Lean Production" program to improve resource use and production efficiency[11] - The implementation of "lean production" plans in more factories aims to enhance resource utilization and production efficiency[13] - The Group has implemented a "Lean Production" program to optimize production efficiency and reduce costs, aiming to improve profit margins[51] - The implementation of the "Lean Production" program aims to reduce costs and increase efficiency across various product lines[90] Research and Development - The Group invested approximately RMB 121 million in R&D, representing 7.7% of revenue, a slight increase from 7.6% in the previous year[68] - The Group has been granted 7 invention patents and 7 utility model patents related to food flavors and production equipment, enhancing its market capacity[69] - The Group applied for 21 patents in the tobacco raw materials segment, focusing on HNB cigarette products and production methods[70] - New product categories, such as soup base products, have been developed, with three invention patents applied for enhancing flavor and aroma[75] - The Group applied for three invention patents related to soup base products to enhance technical capabilities in this new product category[76] Financial Position and Cash Flow - As of June 30, 2024, the Group's net current assets were RMB 7,100,491,000, an increase from RMB 6,975,409,000 as of December 31, 2023, indicating a stable financial position[117] - Cash and bank balances, including fixed deposits, amounted to RMB 2,183,601,000 as of June 30, 2024, down from RMB 2,539,493,000 at the end of 2023, with over 60.0% held in RMB[119] - The fair value of outstanding bank wealth management products held by the Group as of June 30, 2024, was RMB 3,798,085,000, slightly down from RMB 3,847,748,000 as of December 31, 2023[119] - The Group's debt ratio was 1.8% as of June 30, 2024, down from 3.6% as of December 31, 2023, representing a decrease of 1.8 percentage points[124] - For the six months ended June 30, 2024, net cash generated from investing activities was RMB 39,886,000, a significant recovery from net cash used of RMB 1,261,019,000 in the same period last year[122] Shareholder and Corporate Governance - The shareholders approved the adoption of the 2024 Share Award Scheme and the 2024 Share Option Scheme on May 14, 2024, while terminating the 2022 Share Award Scheme and the 2016 Share Option Scheme[159] - As of June 30, 2024, Director CHU Lam Yiu holds 2,293,408,900 shares, representing 71.00% of the issued share capital[155] - The 2024 Share Award Scheme aims to recognize contributions, attract high-caliber participants, and align their interests with shareholders[188] - The 2024 Share Award Scheme aims to incentivize participants for their contributions to the group's growth and development, aligning their interests with those of shareholders[189] Operational Challenges - The Group's operating profit decreased by 64.6% to RMB 100,287,000, primarily due to goodwill impairment and increased share-based compensation expenses[107] - The Group's cautious approach led to a downward adjustment of future profit forecasts for Yancheng Chunzhus, confirming goodwill impairment of approximately RMB 29.309 million[59] - The financial performance highlights a decrease in both adjusted EBITDA and operating profit compared to the previous year, indicating potential challenges in core operations[150]

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。 HUABAO INTERNATIONAL HOLDINGS LIMITED 華寶國際控股有限公司 * （於百慕達註冊成立之有限公司） （股份代號：00336） 截 至 2024 年 6 月 30 日止六個月之中期業績公告 | --- | --- | --- | --- | |-----------------------------------------------------------------------|-----------------------------------|---------------------------------|------------| | | | | | | | | | | | 財務摘要表 | | 未經審核 | | | | 截至 6 月 30 2024 年 人民幣千元 | 日止六個月 2023 年 人民幣千元 | 百分比變動 | | 營業額 | 1,582, ...

Financial Performance - Revenue for 2023 was RMB 3,307,839,000, a decrease of 13.6% from RMB 3,828,984,000 in 2022[5] - Gross profit for 2023 was RMB 1,469,365,000, resulting in a gross profit margin of 44.4%, down from 49.0% in 2022[5] - Operating profit for 2023 was RMB 378,051,000, a significant recovery from an operating loss of RMB 607,975,000 in 2022[5] - Profit for the year was RMB 290,483,000, compared to a loss of RMB 901,050,000 in the previous year[5] - Adjusted profit for the year was RMB 346,985,000, down from RMB 606,660,000 in 2022[5] - Basic earnings per share for 2023 was 7.23 RMB cents, recovering from a loss of 32.65 RMB cents in 2022[5] - Net cash generated from operating activities was RMB 965,266,000, an increase from RMB 798,746,000 in 2022[5] - Total equity decreased to RMB 14,271,137,000 from RMB 14,557,438,000 in 2022[5] - The company maintained a dividend payout ratio of 106.9% for the year, with a total dividend per share of 8.5 HK cents[5] - The debt ratio improved to 3.6% from 5.4% in the previous year, indicating a stronger financial position[5] Market Position and Strategy - The Group is a market leader in China's flavours & fragrances industry, owning several well-known brands such as "Huabao Flavours" and "Hedon" with a significant market share[8] - The Group has established a comprehensive industry chain covering raw materials, processing, and consumption, enhancing its competitive strength in the taste-based fast-moving consumer goods sector[13] - The Group plans to leverage its industry advantages to build a leading aroma raw materials production base in Asia and globally[11] - The Group aims to consolidate its leading role in the condiment industry by enhancing its product mix and establishing it as a growth point[15] - The Group's strategic focus includes exploring new markets through product and technology innovation while maintaining its existing market share in flavours and fragrances[15] Production and Technology - In 2022, the Group completed the construction of a factory in Indonesia to produce heat-not-burn RTL, aiming to capitalize on the global development of HNB cigarettes[10] - The Group's production technology for tobacco raw materials has reached advanced international levels, with its major technical parameters recognized as the highest in domestic production[10] - The Group implemented a "Lean Production" program, which resulted in significant progress in production cost reduction and product quality improvement across pilot companies[20] - The Group plans to promote the "Lean Production" model across all companies to enhance production efficiency and product competitiveness[20] Research and Development - The Group's R&D capabilities are supported by multiple production bases and technology centers located in regions including Shanghai, Guangdong, and Germany[8] - R&D investment was approximately RMB 253 million, accounting for 7.7% of revenue, up from 7.0% in 2022, with all R&D expenses fully expensed[62] - The Group obtained 12 patents in the field of flavors and fragrances, showcasing its R&D capabilities and innovation in food and tobacco products[62] - The Group applied for three invention patents related to core products and compound condiments, indicating ongoing innovation in the condiment sector[65] Market Trends and Economic Environment - The overall economic environment remains challenging, with potential geopolitical conflicts and insufficient consumer confidence impacting market demand[22] - In 2023, China's cigarette production volume reached 48.855 million cases, representing a year-on-year increase of 0.4%[26] - The tobacco industry realized industrial and business tax and profit amounting to RMB 1,521.7 billion, a year-on-year increase of 5.6%[26] - The fiscal income of the tobacco industry was RMB 1,502.8 billion, reflecting a year-on-year increase of 4.3%[26] Segment Performance - Revenue from the F&F and Food ingredients business decreased to approximately RMB1,464 million, accounting for approximately 44.3% of the Group's total revenue[38] - The revenue from the tobacco raw materials business was approximately RMB465 million, representing a year-on-year increase of 2.3% and accounting for approximately 14.0% of the Group's total revenue[49] - The Group's condiment business revenue was approximately RMB754 million in 2023, a year-on-year increase of 31.6% from RMB573 million in 2022, accounting for 22.8% of total revenue[57] - Revenue from the aroma raw materials business decreased by 32.4% to approximately RMB 625 million, accounting for about 18.9% of total revenue, with an operating loss of approximately RMB 83.41 million[53] Corporate Governance - The Company has adopted corporate governance practices to enhance transparency and accountability, continuously improving its governance standards[120] - The Company has complied with the corporate governance code provisions throughout the financial year ended December 31, 2023, except for specific disclosures[121] - The Company has a balanced Board consisting of six Executive Directors and three Independent Non-Executive Directors (INEDs) as of the report date[129] - The primary objective of the Board is to maximize profitability and enhance long-term value for shareholders[135] Leadership and Management - The company has a strong leadership team with diverse backgrounds in finance, management, and industry expertise, enhancing its strategic capabilities[107] - The Group's focus on innovation and product development is supported by experienced professionals in flavour and fragrance industries[115] - The leadership team includes members with significant experience in both local and international markets, contributing to the company's growth strategy[110] Sustainability and ESG - An ESG strategy and execution team was established to prioritize sustainable development and improve the Group's ability to meet ESG-related requirements from customers[21] - The Group's management system for sustainable development was improved to enhance its ability to cope with climate risks[24] - The effective management of ESG risks is a key focus, integrated with other business and operational risks under the risk management framework[183] Employee and Workforce - As of December 31, 2023, the Group employed a total of 3,995 employees, an increase from 3,875 employees as of December 31, 2022[67] - The Group's workforce as of December 31, 2023, includes 2,503 male employees (62.7%) and 1,492 female employees (37.3%), compared to 2,492 male (64.3%) and 1,383 female (35.7%) as of December 31, 2022[173] Risk Management - The internal control system is designed to provide reasonable assurance against material misstatement or loss, safeguarding assets and ensuring compliance with relevant legislation[181] - The Company has established an Internal Audit Department with its scope of work advised by the Audit Committee to enhance risk management[182] - The Company has adopted a risk management and internal control policy to safeguard assets and ensure compliance with relevant laws and regulations[188]

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依賴該等內容而引致的任何損失承擔任 何責任。 * 僅供識別 HUABAO INTERNATIONAL HOLDINGS LIMITED 華寶國際控股有限公司 * （於百慕達註冊成立之有限公司） （股份代號：00336） 截 至 2023 年 12 月 31 日止年度業績公告 | --- | --- | --- | --- | |--------------------------------------------------------------|-----------------------------------|------------------------------------|------------| | 財務摘要表 | 截至 12 月 \n2023 年 人民幣千元 | 31 日止年度 \n2022 年 人民幣千元 | 百分比變動 | | 營業額 | 3,307,839 | 3,828,984 | -13.6% | | 毛利 | ...

智通财经APP讯，华宝国际(00336)发布公告，该公司附属华宝股份(300741.SZ)预计截至2023年12月31 日止年度取得归母净利润3亿-4.4亿元(人民币，下同)，相比上年同期归母净利润7.25亿元同比减少 39.3%-58.62%。 公告称，2023年度，由于华宝股份产品下游市场需求变化、客户自主调香等因素的多重影响，华宝股份 产品结构产生变化，营业收入及毛利率水平下降，导致归属于华宝股份股东的净利润下降。 ...

中期報告 Interim Report 2023 （於百慕達註冊成立之有限公司） (Incorporated in Bermuda with limited liability) (Stock Code 股份代號：00336) Interim Report 2023 中期報告 CONTENTS 目錄 2 Corporate Information 公司資料 4 Financial Highlights 財務摘要 5 Management Discussion and Analysis 管理層討論及分析 33 Other Information 其他資料 47Condensed Consolidated Statement of Financial Position 簡明綜合財務狀況表 49 Condensed Consolidated Income Statement 簡明綜合收益表 50Condensed Consolidated Statement of Comprehensive Income 簡明綜合全面收益表 51 Condensed Consolidated Statement of Change ...

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。 * 僅供識別 （於百慕達註冊成立之有限公司） （股份代號：00336） 截至2023年6月30日止六個月之中期業績公告 | --- | --- | --- | --- | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------|----------------------------------- ...

Financial Performance - Revenue for 2022 was RMB 3,828,984, a decrease of 1.4% from RMB 3,882,683 in 2021[5] - Gross profit for 2022 was RMB 1,877,563, resulting in a gross profit margin of 49.0%, down from 59.2% in 2021[5] - The company reported an operating loss of RMB 607,975 for 2022, compared to an operating profit of RMB 1,114,477 in 2021[5] - Adjusted profit for the year was RMB 606,660, while the loss attributable to equity holders was RMB 1,054,547[5] - Net cash generated from operating activities was RMB 798,746, a decline from RMB 1,413,246 in the previous year[5] - Total equity decreased to RMB 14,557,438 from RMB 15,718,819 in 2021[5] - Basic loss per share was approximately RMB 32.65 cents in 2022, compared to basic earnings per share of approximately RMB 21.70 cents in 2021[38] - The loss attributable to equity holders of the Company was approximately RMB 1,055 million in 2022, a significant decline from a profit of approximately RMB 675 million in 2021[38] - The gross profit margin decreased to 49.0% in 2022, down 10.2 percentage points from 59.2% in 2021[38] - The Group's overall performance was impacted by a weak consumer demand environment both domestically and internationally in 2022[17] Dividends and Equity - The final dividend per share increased to 5.1 HK cents from 2.0 HK cents in 2021, with a total dividend per share of 8.48 HK cents[5] - The company maintained a low debt ratio of 5.4%, down from 6.9% in the previous year[5] - Total goodwill impairment recognized during the Reporting Period was approximately RMB 1,508 million, significantly higher than RMB 293 million in 2021[39] - The balance of unused IPO proceeds amounted to approximately RMB 1,668 million as of December 31, 2022, with 39.0% of the total proceeds utilized[53] Operational Developments - The Group is engaged in R&D, production, and sales across multiple segments including flavours and fragrances, food ingredients, and tobacco raw materials[8] - The construction of the Group's first large-scale overseas plant in Indonesia was completed and commenced production, aimed at expanding into Southeast Asian and global markets[18] - Jiangxi Xianghai, the largest factory in the aroma raw material segment, was completed and operational in 2022, providing a modernized production facility for long-term development[19] - The Group's largest flavor raw material factory in Jiangxi completed construction and commenced operations in 2022, enhancing production scale and modernization[20] - The Group's digital transformation efforts began in 2022, aimed at improving operational efficiency across all business segments[21] Market and Industry Trends - The Group's condiment business underperformed in 2022 due to the Pandemic, but is expected to gradually return to normal operating levels following the lifting of prevention measures[19] - The introduction of national standards for electronic cigarettes is expected to lead to a more compliant and healthy development of the e-cigarette industry[28] - International tobacco companies are increasing investments in R&D and marketing for HNB cigarettes, creating opportunities for suppliers in the tobacco industry chain[30] - The Group anticipates a gradual rebound in domestic consumer demand as economic activities normalize post-pandemic[96] Research and Development - The Group's R&D investment was approximately RMB 266 million, accounting for 7.0% of revenue, an increase of 0.5 percentage points compared to the previous year[73] - The Group's R&D efforts in tobacco flavours have led to the development of various HNB tobacco flavours, improving user experience[43] - The establishment of the "Huabao Asia Pacific" R&D center in Singapore aims to enhance international business development, focusing on the Southeast Asian market[43] - The Group's R&D, production, marketing, and sales teams work closely to share cutting-edge technology and market trends in the development of innovative tobacco products[18] Challenges and Impairments - The Group's production technology and product quality in the tobacco raw materials field have reached advanced international levels, with Guangdong Jinye recognized for its leading production technology[11] - The Group's production volume of cigarettes in China reached 48.64 million cases, representing a year-on-year increase of 0.6%[26] - The revenue of the tobacco raw materials business decreased by 19.7% year-on-year to approximately RMB 454 million, accounting for 11.9% of the Group's total revenue[56] - The operating loss for the tobacco raw materials segment was approximately RMB 238 million, primarily due to goodwill impairment, compared to an operating loss of approximately RMB 80.09 million in the previous year[56] - The Group's conservative forecast for future sales of traditional RTL reflects expectations of continued oversupply in the market[109] Future Outlook - The Group aims to reward shareholders and improve business strategies in response to the recovering economic environment in 2023[22] - The Group plans to invest more resources in developing HNB tobacco flavors and increasing revenue from food flavors and fragrances[91] - The Group will enhance R&D capabilities for innovative tobacco products and assess overseas market opportunities to boost production capacity and market share[92] - The Group will monitor raw material prices closely and optimize product mix and pricing strategies to improve sales and profit growth amid macroeconomic uncertainties[93] - The Group will leverage the recovery of the catering industry to boost condiment sales and optimize distributor networks[95]