Financial Performance - For the fiscal year ending December 31, 2024, the company reported a revenue of RMB 525.6 million, a decrease of 36.5% compared to RMB 827.9 million in 2023[19]. - The company recorded a loss attributable to equity holders of RMB 334.4 million, a reduction of 12.4% from RMB 381.5 million in the previous year[10]. - The group reported a net loss of approximately RMB 348 million for the year ending December 31, 2024[86]. - Cash and cash equivalents decreased to RMB 20.5 million from RMB 29.3 million year-on-year[26]. - Current liabilities exceeded current assets by approximately RMB 699 million as of December 31, 2024[86]. - The company’s distributable reserves as of December 31, 2024, were RMB 872,728,000[131]. Gross Margin and Expenses - The overall gross margin improved from 3.2% in 2023 to 6.7% in 2024, primarily due to a slight improvement in the furniture business's gross margin[19]. - Sales and distribution expenses decreased by 39.4% to approximately RMB 100.2 million, primarily due to a significant reduction in promotional and exhibition activities[20]. - Financing costs increased by 18.7% to RMB 171.7 million, attributed to higher average borrowings and interest rates[21]. - Inventory decreased by 10.3% to approximately RMB 271.4 million, primarily due to provisions for slow-moving inventory[24]. Business Operations - The hotel business in Zengcheng District, Guangzhou, saw a revenue increase of approximately 30.2% year-on-year[10]. - The company closed three directly operated stores, resulting in a one-time impairment provision but stopped ongoing monthly losses from these stores[9]. - The number of sales outlets increased by 0.1% year-on-year to 1,960, despite a decrease in orders from dealers[9]. - The company aims to leverage its brand and new spokesperson to expand sales channels and enhance operational efficiency[11]. Corporate Governance - The board consists of nine members, including two executive directors, four non-executive directors, and three independent non-executive directors as of December 31, 2024[41]. - The company is committed to maintaining high standards of corporate governance to protect shareholder interests and enhance shareholder value[36]. - The audit committee held four meetings in 2024 to ensure the accuracy of the company's financial statements, including the review of the financial performance for the year ending December 31, 2023, and the interim results for the six months ending June 30, 2024[67]. - The company has adopted a code of conduct for directors' securities trading that meets or exceeds the standards set forth in the listing rules[37]. Shareholder Engagement - The company has adopted a shareholder communication policy to maintain effective communication channels, including annual general meetings and the company website[93]. - The annual general meeting serves as a platform for constructive engagement with shareholders, allowing them to raise concerns and suggestions[94]. - Shareholders holding at least one-tenth of the paid-up capital have the right to request the board to convene a special general meeting[98]. - The company emphasizes transparent communication with institutional investors to enhance transparency and gather feedback, ensuring equal access to information for all shareholders[103]. Risk Management - The company identifies significant risks related to its financial condition and operational performance, particularly the reliance on the Chinese furniture market, which may adversely affect business performance if the market remains sluggish[138]. - The board has reviewed the effectiveness of the risk management and internal control systems for the year ending December 31, 2024, and found them to be effective and appropriate[92]. Management and Leadership - The management team includes experienced individuals with over 30 years in international trade and corporate management, enhancing the company's strategic direction[106][107]. - The company has a strong management team with diverse backgrounds in finance and investment, enhancing its strategic decision-making capabilities[112][113][114]. - The CEO, Lin Ru Hai, also serves as the chairman, providing strong and stable leadership for the group[45]. Future Outlook - The company anticipates continued implementation of stable growth policies by the Chinese government, including further easing of real estate market restrictions and promoting technological innovation[34]. - The management remains optimistic about future engineering project developments despite a slight decline in project business due to overall weak commercial activity[10]. - By 2025, the group plans to optimize its financial structure and will consider asset sales to repay bank loans, aiming to reduce debt and financial costs[34]. Employee Relations - The company emphasizes the importance of sustainable relationships with employees, customers, and business partners, ensuring a fair and safe work environment and competitive compensation[136]. - The company is committed to providing sufficient training and development resources to employees to enhance their performance and self-worth[136]. Share Capital and Securities - As of December 31, 2024, the company has a total of 2,598,561,326 shares issued, with a significant portion (74.86%) held by Mr. Xie Jinpeng and related entities[148][154]. - The performance share award plan allows for a maximum of 5% of the total issued shares, equating to 129,928,066 shares[164]. - The trustee has purchased and held a total of 120,690,000 shares under the performance share award plan, representing approximately 4.64% of the total issued shares[169].

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之內容概不 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 全部或任何部分內容而產生或因依賴該等內容而引致之任何損失承擔任何責 任。 ROYALE HOME HOLDINGS LIMITED 皇朝家居控股有限公司* （於開曼群島註冊成立之有限公司） （股份代號：1198） 截至二零二四年十二月三十一日止年度全年業績 業 績 皇 朝 家 居 控 股 有 限 公 司（「本 公 司」）董 事 會（「董 事 會」）欣 然 公 佈 本 公 司 及 其 附 屬 公 司（統 稱「本 集 團」）截 至 二 零 二 四 年 十 二 月 三 十 一 日 止 年 度 之 綜 合 業 績 連 同 截 至 二 零 二 三 年 十 二 月 三 十 一 日 止 年 度 之 比 較 數 字。截 至 二 零 二 四 年 十 二 月 三 十 一 日 止 年 度 之 全 年 業 績 已 經 由 本 公 司 審 核 委 員 會 審 閱。 * 僅供識別 – 1 – 綜合損益表 截至二零二四年十二月三十一日止年度 | | ...

릴朝家尼 0 [ 2024 中期報告 U U 皇朝家居控股有限公司* |* 股份代號: 1198 *值供磁別 ..... ● ● ● ● ● ● 皇朝家居控股有限公司 二零二四年中期報告 公司資料 | --- | --- | |---------------------------------------------------------|---------------------------------------------------------------------------------| | | | | 董事 | 提名委員會 | | 執行董事 | 劉智傑先生 （主席） | | 林如海先生 （主席兼首席執行官） 謝錦鵬先生 （聯席主席） | 余文耀先生 陳永德先生 | | 非執行董事 | 公司秘書 | | 吳中明先生 | 徐思禮先生 | | 陶穎先生 姚景銘先生 | 核數師 | | 楊瑩女士 | 安永會計師事務所 | | 獨立非執行董事 | 有關香港法例的法律顧問 | | 劉智傑先生 余文耀先生 | 麥振興律師事務所 | | 陳永德先生 | 主要往來銀行 | | 審核委員會 | | | 余文耀先 ...

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之內容概不 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 全部或任何部分內容而產生或因依賴該等內容而引致之任何損失承擔任何責 任。 ROYALE HOME HOLDINGS LIMITED 皇朝家居控股有限公司* （於開曼群島註冊成立之有限公司） （股份代號：1198） 中期業績 截至二零二四年六月三十日止六個月 業 績 皇 朝 家 居 控 股 有 限 公 司（「本 公 司」）董 事 會（「董 事 會」）公 佈 本 公 司 及 其 附 屬 公 司 （統 稱「本 集 團」）截 至 二 零 二 四 年 六 月 三 十 日 止 六 個 月（「期 內」）之 未 經 審 核 中 期 簡 明 綜 合 業 績 連 同 二 零 二 三 年 同 期 之 比 較 數 字。期 內 中 期 業 績 已 經 由 本 公 司 審 核 委 員 會 審 閱，並 獲 董 事 會 批 准。 * 僅供識別 – 1 – 簡明綜合損益表 截至二零二四年六月三十日止六個月 截至六月三十日止六個月 二零二四年 二零二三年 ...

股份代號: 1198 2023 皇朝家居控股有限公司* (於開曼群島註冊成立之有限公司) *僅供識別 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------|-------|-------|--------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Royal | | | | | | | | | | Royal | | | | | | | | | | | r=1=1= | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 目錄 二零二三年年報 | 皇朝家居控股有限公司 | --- | --- | |---------------------------|--------| | | 頁數 | | | | | 公司資料 2 主席報告 3–4 | | | 管理層討論 ...

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之內容概不 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 全部或任何部分內容而產生或因依賴該等內容而引致之任何損失承擔任何責 任。 ROYALE HOME HOLDINGS LIMITED 皇朝家居控股有限公司* （於開曼群島註冊成立之有限公司） （股份代號：1198） 截至二零二三年十二月三十一日止年度全年業績 業 績 皇 朝 家 居 控 股 有 限 公 司（「本 公 司」）董 事 會（「董 事 會」）欣 然 公 佈 本 公 司 及 其 附 屬 公 司（統 稱「本 集 團」）截 至 二 零 二 三 年 十 二 月 三 十 一 日 止 年 度 之 綜 合 業 績 連 同 截 至 二 零 二 二 年 十 二 月 三 十 一 日 止 年 度 之 比 較 數 字。截 至 二 零 二 三 年 十 二 月 三 十 一 日 止 年 度 之 全 年 業 績 已 經 由 本 公 司 審 核 委 員 會 審 閱。 * 僅供識別 – 1 – 綜合損益表 截至二零二三年十二月三十一日止年度 | -- ...

Financial Performance - For the six months ended June 30, 2023, the group's revenue decreased by 19.3% to approximately HKD 573.4 million, while the gross profit margin increased from 17.2% to 19.8%[8] - The group recorded a loss attributable to equity holders of HKD 82.6 million for the period, compared to a loss of HKD 73.8 million in the same period last year[8] - The gross profit for the same period was HKD 113,718,000, down from HKD 122,158,000, reflecting a decline of 6.0%[47] - The company incurred a loss of HKD 85,384,000 for the six months ended June 30, 2023, compared to a loss of HKD 79,267,000 in the prior year, representing an increase in loss of 7.1%[48] - The total comprehensive loss for the six months ended June 30, 2023, was HKD 184,248,000, compared to a loss of HKD 206,060,000 for the same period in 2022, representing a decrease of approximately 10.5%[49] - The total comprehensive loss attributable to owners of the parent was HKD 175,273,000 for the six months ended June 30, 2023, compared to HKD 194,079,000 for the same period in 2022, indicating an improvement of about 9.7%[49] Assets and Liabilities - As of June 30, 2023, the group's net current assets were HKD 125.3 million, down from HKD 326.8 million as of December 31, 2022[10] - The company's total liabilities decreased to HKD 3,426,043,000 as of June 30, 2023, from HKD 3,707,718,000 as of December 31, 2022, representing a reduction of about 7.6%[51] - The company's equity attributable to owners of the parent decreased to HKD 2,074,855,000 as of June 30, 2023, from HKD 2,281,474,000 as of December 31, 2022, reflecting a decline of approximately 9.1%[51] - The company's interest-bearing bank and other borrowings amounted to HKD 2,315.1 million as of June 30, 2023, down from HKD 2,547.0 million as of December 31, 2022[22] - The debt-to-equity ratio was 59% as of June 30, 2023, an increase from 56% as of December 31, 2022[23] Cash Flow and Liquidity - The group had cash and cash equivalents of approximately HKD 320 million and restricted cash of about HKD 230 million as of mid-August 2023, indicating sufficient liquidity to support operations[10] - The company's cash and cash equivalents decreased to HKD 15,267,000 at the end of the reporting period, down from HKD 127,147,000 at the end of June 30, 2022, indicating a significant reduction in liquidity[53] - The net cash outflow from operating activities was HKD 101,140,000 for the six months ended June 30, 2023, compared to HKD 86,628,000 for the same period in 2022, indicating a decline in cash flow from operations[53] - The company reported a net cash outflow from financing activities of HKD 175,403,000 for the six months ended June 30, 2023, compared to a cash inflow of HKD 55,048,000 in the same period of 2022, highlighting a significant change in financing strategy[53] Business Strategy and Operations - The group plans to optimize its business operations and expand its furniture product sales network, focusing on the younger generation market[11] - The group aims to enhance project cooperation with commercial clients to expand its engineering project business scope[12] - The group will implement a centralized procurement system to better manage and optimize manufacturing costs in the second half of the year[12] - The group is committed to leveraging its established brand and prudent management model to seize market opportunities and enhance overall strength[12] Shareholder Information - The company has a total of 1,945,391,280 shares, representing 74.86% of the issued share capital, held by a group of concert parties including Mr. Xie Jinpeng[19] - Mr. Xie directly beneficially owns 282,948,047 shares, equivalent to 10.89% of the issued share capital[15] - The performance share award plan has a total of 129,928,066 shares authorized for grant, representing 5% of the issued shares[21] - During the reporting period, 2,842,000 shares were purchased under the performance share award plan[21] Employee and Management Information - The total number of employees as of June 30, 2023, was approximately 1,459, a decrease from 1,490 as of December 31, 2022[34] - The total remuneration for key management personnel was 5,994 thousand HKD for the six months ended June 30, 2023, down from 6,290 thousand HKD in the same period of 2022[84] - The chairman and CEO roles are held by the same individual, which the company believes provides strong leadership and effective decision-making[35] Future Outlook and Commitments - The company has a commitment of up to RMB 1.532 billion related to a joint venture for a land acquisition in Guangzhou, with a maximum shareholder loan amount of RMB 732 million[41] - The group has provided guarantees totaling HKD 346,080,000 (equivalent to RMB 320,000,000) during the period[32] - There are no significant future investment or capital asset plans disclosed as of June 30, 2023[28] Market and Segment Performance - The furniture products segment reported a profit before tax of HKD 23,535,000, while the property investment and development segment incurred a loss of HKD 76,155,000 for the same period[61] - The group’s total sales to external customers for the six months ended June 30, 2023, were HKD 573,424,000, with significant contributions from the furniture products and trading segments[61] - The group recorded a total loss before tax from continuing operations of HKD 85,384,000 for the six months ended June 30, 2023[60] - There were no sales to a single customer that accounted for 10% or more of the group's revenue during the reporting period[64]

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之內容概不 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 全部或任何部分內容而產生或因依賴該等內容而引致之任何損失承擔任何責 任。 ROYALE HOME HOLDINGS LIMITED 皇朝家居控股有限公司* （於開曼群島註冊成立之有限公司） （股份代號：1198） 中期業績 截至二零二三年六月三十日止六個月 業 績 皇 朝 家 居 控 股 有 限 公 司（「本 公 司」）董 事 會（「董 事 會」）公 佈 本 公 司 及 其 附 屬 公 司 （統 稱「本 集 團」）截 至 二 零 二 三 年 六 月 三 十 日 止 六 個 月（「期 內」）之 未 經 審 核 中 期 簡 明 綜 合 業 績 連 同 二 零 二 二 年 同 期 之 比 較 數 字。期 內 中 期 業 績 已 經 由 本 公 司 審 核 委 員 會 審 閱，並 獲 董 事 會 批 准。 * 僅供識別 – 1 – 簡明綜合損益表 截至二零二三年六月三十日止六個月 | --- | --- | --- | --- ...

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之內容概不 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之任何損失承擔任何責 任。 ROYALE HOME HOLDINGS LIMITED 皇朝家居控股有限公司* （於開曼群島註冊成立之有限公司） （股份代號：1198） 有關截至二零二二年十二月三十一日止年度之 年報的補充公告 茲 提 述 皇 朝 家 居 控 股 有 限 公 司（「本公司」）於 二 零 二 三 年 四 月 二 十 七 日 刊 發 截 至 二 零 二 二 年 十 二 月 三 十 一 日 止 年 度 之 年 報（「年 報」）。除 文 義 另 有 所 指 外，本 公 告 所 用 詞 彙 與 年 報 所 界 定 者 具 有 相 同 涵 義。 除 年 報 所 載 資 料 外，董 事 會 謹 此 向 本 公 司 股 東 及 潛 在 投 資 者 提 供 以 下 補 充 資 料。 業績股票獎勵計劃 接納價 經選定人士於接納根據業績股票獎勵計劃授予的獎勵股份時無須支付任何價 格。 ...

Financial Performance - For the year ended December 31, 2022, the company recorded a sales revenue of HKD 1,702.9 million, representing an increase of 11.6% year-on-year[14]. - The gross profit margin decreased from 20.8% to 14.4% compared to the previous year[14]. - The net profit attributable to the owners of the parent company was HKD 5.586 million, a significant decline from HKD 76.897 million in the previous year[14]. - Profit for the year was HKD 12.4 million, a decrease of 86.0% from HKD 88.3 million in 2021, with profit attributable to equity holders of the parent down 92.7% to HKD 5.6 million[23]. - Revenue for the year 2022 was HKD 1,702,936 thousand, an increase of 11.5% from HKD 1,526,506 thousand in 2021[198]. - Gross profit decreased to HKD 245,716 thousand from HKD 318,226 thousand, reflecting a decline of 22.7%[198]. - The net profit for the year was HKD 12,403 thousand, down from HKD 88,300 thousand, representing a decrease of 86.0%[200]. - Basic earnings per share for the parent company shareholders dropped to HKD 0.225 from HKD 2.999, a decline of 92.5%[198]. Operational Developments - The number of retail points for the company's distributors increased by 10.2% year-on-year to 1,909 sales points[14]. - The company plans to further enhance its brand influence and expand its sales network for customized furniture and sofas in response to market changes[16]. - The company has successfully entered the list of designated furniture suppliers for Huawei Group and is competing for multiple furniture projects worth billions[16]. - A joint venture project with Kong Lung China Real Estate Group in Guangzhou has begun pre-sales, offering interior design and full-house furniture solutions[16]. - The group anticipates significant improvement in 2023 due to the recovery of the real estate market and the expansion of the consumer market, particularly in the home furnishing sector[39]. - The hotel operated by the group in Guangdong has signed a management cooperation agreement with Junlan Hotel brand and is undergoing property upgrades, expected to re-enter the market in 2023[39]. Financial Stability and Dividends - The board proposed a final dividend of HKD 0.01 per share for the year ended December 31, 2022, consistent with the previous year's final dividend[20]. - The company aims to maintain financial stability and sufficient cash flow while consistently distributing dividends to shareholders[21]. - The board may declare dividends based on the company's operating, financial condition, and other relevant factors, with future dividends not necessarily reflecting past declarations[97]. - The company reported a final dividend of HKD 0.01 per share for the fiscal year, consistent with the previous year's final dividend of HKD 0.01 and a special dividend of HKD 0.04 per share[113]. Governance and Board Structure - The board consists of nine members, including two executive directors, four non-executive directors, and three independent non-executive directors as of December 31, 2022[47]. - The Chairman and CEO roles are held separately by Mr. Xie Jinpeng and Mr. Yang Jun, ensuring clear division of responsibilities[48]. - Independent non-executive director Mr. Liu Zhijie was reappointed for a fixed term of three years on June 6, 2022[55]. - The board has established formal procedures for decision-making and is responsible for overseeing management's identification of opportunities and risks[57]. - The company ensures that all directors receive timely and relevant information to facilitate effective decision-making[50]. - The board meets at least four times a year, with additional meetings as necessary, ensuring active engagement from all members[50]. Audit and Compliance - The audit committee, composed of three independent non-executive directors, met twice in 2022 to ensure the accuracy of the company's financial statements[69]. - The audit committee reviewed the effectiveness of the internal control system, covering financial, operational, and compliance monitoring, and confirmed its adequacy[72]. - The consolidated financial statements for the year ended December 31, 2022, were audited by Ernst & Young, reflecting a true and fair view of the group's financial position[180]. - The company maintains high standards of corporate governance as outlined in its corporate governance report[173]. Shareholder Relations - The company has adopted a shareholder communication policy, utilizing various channels including annual general meetings and the company website to ensure effective communication with shareholders[89]. - Shareholders have the right to request the convening of a special general meeting if they hold at least 10% of the voting rights[93]. - The company encourages inquiries from shareholders and investors through designated contact methods, including email and phone[99]. Market and Strategic Outlook - The company is expanding its market presence in Southeast Asia, targeting a 20% increase in sales in that region over the next year[106]. - A strategic acquisition of a local competitor is anticipated to enhance operational efficiency and is expected to generate $10 million in cost savings annually[105]. - The management team emphasized a commitment to sustainability, with plans to reduce carbon emissions by 25% over the next five years[106]. Employee and Compensation Policies - The group employed 1,490 people as of December 31, 2022, an increase from 1,328 employees in the previous year[161]. - The group’s compensation policy aims to reflect competitive levels to retain high-performing employees, with sufficient flexibility to adapt to future changes in the business environment[76]. - The total amount of shareholder loans and guarantees provided to the joint venture amounted to HKD 1,117.8 million (approximately RMB 987.6 million)[164].