GOLDLION HOLDINGS LIMITED 金利來集團有限公司 Stock Code 股份代號：00533 Interim R 中期報告 y Goldlion 金利來集團有限公司 主席報告 經營業績 聲業叙及毛利 自新型冠狀病毒疫情於二零二零年年初爆發,疫情對服裝零售行業帶來沉重的衝擊,集團業 務亦受到嚴重影響。 集團上半年總營業額為539,403,000港元,較去年同期之744,851,000港元下跌約28%,各項 業務的銷售額皆低於去年同期,其中以服裝服飾和批授經營權業務的跌幅較大,而來自物業 投資的整體收入則錄得單位數字的跌幅。 期闪整體毛利為290,648,000港元,較去年同期之432,833,000港元下跌約33%。豎於疫情發 生後令銷售環境變得不明朗,期內於銷售成本內計提的存貨減值撥帶顯著上升,避 45,920,000港元(去年同期為減值撥備回撥1,294,000港元)。如不計算存貨減值的影響,期內 服裝銷售業務毛利率約55.8%,較去年同期的51.6%上升约4.2個百分點,主要因期內折扣銷 售減少。 經營費用及經營溢利 期內分銷及市務成本為145,861,000港元,較去年同期下降約3 ...

GOLDLION HOLDINGS LIMITED 金利來集團有限公司 Stock Code 股份代號：00533 ANNUAL REPORT 年報 AGoldlion 目錄 02 公司資料 03 財政摘要 05 於中國大陸之銷售網絡 06 主席報告 12 集團物業一覽表 20 環境、社會及管治報告 47 企業管治報告 60 董事會報告 70 獨立核數師報告 76 綜合資產負債表 78 綜合收益表 79 綜合全面收益表 80 綜合權益變動表 81 綜合現金流量表 82 財務報表附註 142 五年財務摘要 二零一九年年報 曾智明先生 太平紳士 公司資料 | --- | --- | |------------------------------------|---------------------------------------------------------------| | | | | 董事 | 律師 | | 主席兼行政總裁： | 胡關李羅律師行 | | 曾智明先生 太平紳士 | 核數師 | | 執行董事： 黃麗群女士 | 羅兵咸永道會計師事務所 香港執業會計師及註冊公眾利益實體核數師 | | 非執 ...

Financial Performance - Total revenue for the first half of the year was HKD 744,851,000, a decrease of approximately 5% compared to HKD 783,156,000 in the same period last year[8]. - Overall gross profit was HKD 432,833,000, down about 5% from HKD 457,859,000 year-on-year, with a gross margin of 58.1%, slightly lower than 58.5% in the previous year[3][8]. - Operating profit for the period was HKD 186,365,000, a decline of approximately 4% from HKD 194,784,000 in the same period last year[9]. - Profit attributable to the company's owners was HKD 163,329,000, down about 5% from HKD 171,096,000 year-on-year[9]. - The group recorded operating rights income of HKD 42,063,000, a decrease of about 12% compared to the previous year[15]. - The group reported a total lease liability of HKD 27,997,000 as of January 1, 2019, with current lease liabilities of HKD 11,464,000 and non-current lease liabilities of HKD 16,533,000[65]. - The group’s profit before tax was HKD 197,997,000, resulting in a net profit of HKD 163,329,000 after tax expenses of HKD 34,668,000[94]. Revenue Breakdown - The company's retail sales in mainland China amounted to HKD 580,036,000, a decrease of approximately 5% compared to the previous year, although sales in RMB remained relatively stable[11]. - The group's total revenue for the period was HKD 744,851,000, with a breakdown of HKD 622,099,000 from apparel and accessories, HKD 31,044,000 from development, and HKD 91,708,000 from other segments[94]. - The group generated sales from goods amounting to HKD 611,080,000, down from HKD 644,152,000 year-on-year, indicating a decrease of about 5.1%[87]. - Rental income from investment properties was HKD 72,638,000, slightly down from HKD 73,204,000 in the previous year, reflecting a decrease of approximately 0.8%[87]. Expenses and Liabilities - The group’s administrative expenses were HKD 83,940,000, down 13% from HKD 96,202,000 in the same period last year[8]. - The group’s distribution and marketing costs accounted for 28.4% of total revenue, slightly higher than 27.9% in the previous year[8]. - The company’s total liabilities were HKD 928,116,000, slightly up from HKD 927,572,000, reflecting a marginal increase of about 0.1%[37]. - The group reported a decrease in business payables, with HKD 48,224,000 due within 90 days as of June 30, down from HKD 53,854,000 as of December 31[111]. Cash Flow and Capital Expenditure - As of June 30, 2019, the group's cash and bank balance was HKD 1,284,277,000, a decrease of approximately HKD 45,660,000 from the end of the previous year[30]. - The group recorded a net cash inflow from operating activities of HKD 94,847,000 and interest income of HKD 14,554,000 during the period[30]. - The total capital expenditure authorized but not contracted for the "Jinli Lai Garden" project in Meixian is approximately HKD 249,000,000[30]. - The group had commitments for investment properties of HKD 279,000,000 as of June 30, 2019, down from HKD 303,000,000 at the end of 2018, indicating a decrease of approximately 7.9%[127]. Market Outlook - The group maintains a cautious outlook for the remainder of 2019, anticipating significant downward pressure on the domestic economy and a slowdown in growth[24]. - The group expects the business of domestic agents to remain challenging in the second half of the year, with preliminary data indicating a double-digit decline in order amounts compared to the same quarter last year[27]. Shareholder Information - Major shareholders hold significant stakes, with the Sai family managing 613,034,750 shares, representing 62.42% of the issued share capital[152]. - The total number of shares held by directors and executives includes 614,438,750 shares, accounting for 62.56% of the issued share capital[147]. - The company did not repurchase any shares during the period and did not engage in any share trading activities[144]. Corporate Governance - The company has complied with the corporate governance code as per the Stock Exchange's listing rules for the six months ended June 30, 2019[154]. - The audit committee has reviewed the unaudited interim financial information for the six months ended June 30, 2019[156]. - The company has established an audit committee to oversee financial reporting and internal control systems[155].

Financial Performance - The total revenue for the year was HKD 1,681,640,000, an increase of approximately 5% compared to last year's HKD 1,602,786,000[13] - The overall gross profit for the year was HKD 977,426,000, up about 8% from last year's HKD 905,840,000, with a gross profit margin of approximately 58.1%[13] - Operating profit for the year was HKD 433,731,000, representing a 12% increase from last year's HKD 387,921,000, with an operating profit margin of 25.8%[20] - The net profit attributable to shareholders was HKD 376,244,000, an increase of approximately 17% from last year's HKD 322,275,000[20] - The company recorded cash and bank balances of HKD 1,329,937,000 as of December 31, 2018, an increase of approximately HKD 17,679,000 from the previous year[8] - The company proposed a final dividend of HKD 0.13 per share, amounting to approximately HKD 127,675,000, compared to HKD 122,764,000 last year[19] Sales and Market Performance - The total domestic apparel sales revenue for the year was HKD 1,322,328,000, representing an increase of approximately 5% compared to the previous year, primarily driven by wholesale business growth[22] - The sales to agents increased by about 9% year-on-year, attributed to a rise in order bookings and an increase in inventory sold at year-end[22] - The self-operated retail business (excluding outlet stores) experienced a decline of approximately 2% in revenue, with Chongqing seeing a drop of around 10%[22] - The e-commerce business grew by about 3%, accounting for approximately 30% of the group's domestic apparel sales[24] - The total sales revenue for the Singapore and Malaysia apparel business was HKD 62,268,000, a decrease of about 6% compared to the previous year[27] Cost and Expenses - The distribution and marketing costs for the year were HKD 432,179,000, a slight decrease of HKD 5,895,000 or 1% from the previous year[14] Property and Investment - The company had capital commitments of HKD 870,000,000 for property development projects as of December 31, 2018[9] - The rental and property management income from the Hong Kong Shatin property increased by approximately 10% year-on-year, mainly due to higher rental levels from new leases[29] - The property investment business will continue to enhance rental potential, ensuring stable rental income, with expected contributions from properties in Hong Kong and Guangzhou[31] - The property at 3 Sunrise Street, To Kwa Wan, Hong Kong, is projected to generate rental income in the first half of 2019, alongside the Guangzhou property expected to be leased by year-end[31] Environmental Impact - In 2018, the company emitted a total of 6,829 tons of CO2 equivalent, a decrease from 8,151 tons in 2017, representing a reduction of approximately 16%[82] - The greenhouse gas emission density per employee in 2018 was 3.78 tons of CO2 equivalent, down from 4.39 tons in 2017, indicating a reduction of about 14%[82] - The company reported a total of 75.8 tons of recyclable waste in 2018, including 63.8 tons of paper, 7.6 tons of metal, and 3.8 tons of clothing[84] - The company reduced its non-hazardous waste to 125.4 tons in 2018, down from 289.1 tons in 2017, a decrease of about 57%[84] - The company implemented effective energy-saving measures, resulting in a nearly 20% reduction in indirect emissions in 2018 compared to 2017[83] Employee and Workforce - As of December 31, 2018, the group had approximately 1,850 employees, a slight decrease from 1,860 in 2017, primarily due to restructuring in Singapore[119] - The overall employee turnover rate for 2018 was approximately 23%, an improvement from 24% in 2017, with a notable turnover rate of 32% for male employees[120] - The total retirement benefit contributions for 2018 amounted to approximately HKD 41,393,000, an increase from HKD 38,731,000 in the previous year[126] - The group maintains a competitive salary policy, regularly conducting market surveys to ensure employee compensation is competitive within the industry[122] - The group emphasizes work-life balance, with most employees working five days a week for a total of 40 hours[121] Training and Development - 57% of the group's employees received training in 2018, with a total of approximately 26.1 hours of training per participating employee[154] - The average training hours completed by female employees in 2018 was 30.6 hours, compared to 11.8 hours for male employees[156] - The company offers a variety of internal and external training programs to enhance employee skills and knowledge[146] Compliance and Ethics - The company strictly adheres to a "no child labor" policy and has not encountered any violations related to child or forced labor during the year[159] - The company has implemented measures to prevent bribery and conflicts of interest among employees and business partners[198] - The company has established multiple channels for reporting bribery and conflicts of interest, allowing partners and employees to report issues via phone, mail, or email[199]