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。 International Housewares Retail Company Limited 國際家居零售有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1373） 截至2025年4月30日止年度 全年業績公告 國際家居零售有限公司（「本公司」）的董事會（「董事會」或「董事」）欣然公佈本公司及其 附屬公司（統稱為「本集團」或「我們」）截至2025年4月30日止年度（「本年度」）之綜合全年 業績，並連同截至2024年4月30日止財政年度之比較數字（「2023/24」或「上年度」）。全年業 績是按照香港聯合交易所有限公司證券上市規則（分別簡稱為「聯交所」及「上市規則」）的相 關規定編製。 業績摘要 附註： - 1 - • 本年度收入達2,536,822,000港元（2023/24：2,687,036,000港元）(1)，較上年度下跌5.6%。 • 本年度之本公司權益持有人應佔利潤為47,727,0 ...

Financial Performance - The company maintained revenue at HK$1.3 billion, with gross profit up by 3.1%[24] - Gross margin increased to 46.9% compared to 45.3% in the previous period[32] - Cash and bank balances stood at HK$430 million[24] - Interim dividend includes an ordinary dividend of 10.5 HK cents per share and a special dividend of 4.2 HK cents per share[24] Business Operations - The company has a physical store retail network of 385 stores worldwide[24] - Hong Kong accounted for 88.4% of the company's total revenue[40] - Singapore's revenue increased by 20.4%[44] Store Network - The company operates 320 stores in Hong Kong[26] - The company operates 49 stores in Singapore[27] - The company operates 8 stores in Macau[27] Strategies and Outlook - The company plans to expand its store network in Hong Kong by a net increase of 4 stores in 2HFY2022 and 10 stores in FY2023[64] - The company plans to expand its store network in Singapore by a net increase of 1 store in 2HFY2022 and 2 stores in FY2023[64] - The company plans to expand its store network in Macau by a net increase of 1 store in 2HFY2022 and 1 store in FY2023[64]

Financial Performance - Group revenue grew by 8.5% to HK$2.9 billion[24] - Gross profit increased by 9.7% to HK$1.3 billion[24] - Profit attributable to equity holders for FY22 was HK$220.8 million, up 20.1% excluding HK$71 million incomes from Employment Support Scheme in FY21[24] - Proposed final dividend is HK cents 12, with an interim dividend of HK cents 10.5 plus a special HK cents 4.2 already paid[24] - Gross margin was 45.7%[31] - Operating margin (excluding incomes under Employment Support Scheme) was 9.5%[31] - Net margin (excluding incomes under Employment Support Scheme) was 7.5%[31] Business Operations - The company has a physical store retail network of 322 stores in Hong Kong, 47 stores in Singapore, and 9 stores in Macau[27] - Hong Kong accounted for 89.3% of the group's revenue, Singapore 9.1%, and Macau 1.6%[36] Strategies and Outlook - The company aims to transform into a convenience GMS (General Merchandise Store) offering a wide range of price-competitive products[43] - The company plans to expand its store network, with a net increase of 5 stores in Hong Kong, 1 in Macau and 1 in Singapore in FY23[61]

Financial Performance - Revenue increased to HK$1.39 billion, up by 5.5%[25] - Gross profit reached HK$647 million, a 5% increase[25] - Profit attributable to owners amounted to HK$110 million, representing a 16% increase[25] - Cash and bank balance stood at HK$469 million[25] - Gross margin was 46.7%[32] - Operating profit margin was 9.8%[32] - Net profit margin was 7.9%[32] Business Operations - The company has 320 stores in Hong Kong[27] - The company has 46 stores in Singapore[28] - The company has 9 stores in Macau[28] - Hong Kong revenue accounts for 88.5% of the Group's revenue[39, 41]

Financial Performance - The company's revenue was HK$2825.994 million, a decrease compared to HK$2920.775 million in the previous year[33] - Net profit reached HK$181.875 million, down from HK$220.318 million in the previous year[33] - Gross margin increased to 46.4% from 45.7%[33] - Operating margin decreased to 8.0% from 9.5%[33] - Net margin decreased to 6.4% from 7.5%[33] - Total dividend was 22.0 HK cents, compared to 26.7 HK cents in the previous year[33] - Cash and cash equivalents amounted to HK$402.310 million, a slight decrease from HK$416.923 million[35] Business Strategy & Expansion - Hong Kong sales accounted for 88.0% of group revenues, a decrease from 89.3%[39] - Singapore sales accounted for 10.2% of group revenues, an increase from 9.1%[40] - The company plans to expand its store network, with a net increase of 7 stores in FY24 and 10 stores in FY25 across Hong Kong, Macau, and Singapore[63]

Financial Performance - Revenue reached HK$1.3 billion[25], compared to HK$1.39 billion in the same period last year[32] - Gross profit was HK$618.82 million[32], with a gross margin of 46.8%[25, 32] - Profit attributable to owners was HK$51 million[25], excluding subsidies under the Employment Support Scheme[32] - The company declared an interim dividend of HK 5.6 cents per share[25, 32] - Cash and bank balance stood at HK$319 million[25] - The company's gearing ratio was 3.3%[25, 34] Store Network - The company operates 318 stores in Hong Kong[27] - The company operates 48 stores in Singapore[28] - The company operates 8 stores in Macau[28] Market Strategies - The company will increase global sourcing and OEM products to enrich product assortment[49] - The company will enhance e-platform and online sales channels[49] - The company plans to expand its store network in Hong Kong, Singapore and Macau[65]

Financial Performance - The company's revenue for the first half of FY2025 was HK$1.27 billion, a decrease compared to HK$1.32 billion in the same period of FY2024[34] - Gross profit decreased from HK$618.82 million in 1H FY2024 to HK$596.68 million in 1H FY2025[34] - Profit attributable to owners of the company decreased from HK$50.76 million in 1H FY2024 to HK$32.96 million in 1H FY2025[34] - The interim dividend decreased from HK 5.6 cents/share to HK 4 cents/share[26, 34] - The company's cash and bank balance was HK$308 million[26] - The gross margin increased slightly from 46.8% to 47.0%[26, 34] - Operation profit margin decreased from 5.1% to 3.7%[34] - Net profit margin decreased from 3.7% to 2.4%[34] Store Network - The company has a physical store retail network of 314 stores in Hong Kong and 62 overseas stores[28] - The number of stores in Singapore increased by 1, from 47 to 48[29, 30] - As of October 2024, the company operated 314 stores in Hong Kong, 48 in Singapore, and 9 in Macau[28, 29, 30, 44, 46, 67] Market Performance - Revenue from Hong Kong was HK$1.10 billion[44] and accounted for 86.6% of the total revenue[42] - Singapore contributed 11.6% to the group's revenue, with revenue of HK$147.99 million[42, 46] - Macau's revenue contribution was 1.8% of the total revenue[42] Strategies and Outlook - The company will focus on Hong Kong, Singapore, and Macau markets[50] - The company plans to expand its store network with a net increase of 1 store in Hong Kong in 2H FY2025 and 3 in FY2026[67] - The company plans to expand its store network with a net increase of 1 store in Singapore in FY2026[67] - The company plans to expand its store network with a net increase of 1 store in Macau in FY2026[67]

Financial Performance - The company's revenue reached HK$2.7 billion[24], while turnover was HK$2,687,036,000[30] in FY2024 compared to HK$2,825,994,000[30] in FY2023 - Profit attributable to owners was HK$101 million[24] in FY2024, excluding Employment Support Scheme (ESS)[30] - Gross margin increased to 46.9%[24][30] in FY2024 from 46.4%[30] in FY2023 - The company declared a total dividend of 11.2 HK cents[24][30] per share, with an interim dividend of 5.6 HK cents[30] and a final dividend of 5.6 HK cents[24][30] Market Performance - Hong Kong accounted for 86.7%[35] of the group's revenue in FY2024, with 315 stores[27][28][35] - Singapore contributed 11.6%[36] to the group's revenue, with sales growing by 7.8%[36] and maintaining 47 stores[27][28][36] Store Network - The company operates a physical store retail network of 315 stores in Hong Kong[27], 47 stores in Singapore[27], and 9 stores in Macau[27] Future Strategies - The company plans to expand its store network with a net increase of 4 stores in FY25 and 7 stores in FY26 across Hong Kong, Macau, and Singapore[58] - The company intends to broaden its e-commerce presence, providing online merge offline (OMO) shopping experience[43]

Financial Performance - The company recorded revenue of HKD 1,270,635,000 for the six months ended October 31, 2024, a decrease of 3.9% compared to HKD 1,322,485,000 for the same period in 2023/24[5] - Profit attributable to equity holders of the company was HKD 32,959,000, down 35.1% from HKD 50,764,000 in the previous year[7] - Gross profit for the same period was HKD 596,681, down 3.6% from HKD 618,819 in 2023[35] - Operating profit decreased to HKD 46,858, a decline of 30.3% compared to HKD 67,146 in the previous year[35] - Net profit for the period was HKD 30,016, down 38.6% from HKD 48,920 in 2023[35] - Basic earnings per share decreased to HKD 4.58, down from HKD 7.06 in the same period last year[35] - The total income tax expense for the six months ended October 31, 2024, was HKD 7,348,000, a decrease of 32.9% from HKD 10,892,000 in 2023[73] - The company declared an interim dividend of HKD 0.04 per share for the six months ended October 31, 2024, compared to HKD 0.056 per share in 2023, representing a reduction of 28.6%[79] Liquidity and Financial Position - The company maintained a strong liquidity position with cash and cash equivalents of HKD 308,072,000 as of October 31, 2024, compared to HKD 318,775,000 a year earlier[10] - The current ratio improved to 1.6 from 1.5 as of April 30, 2024[10] - Total assets decreased from HKD 1,742,182 thousand as of April 30, 2024, to HKD 1,669,489 thousand as of October 31, 2024, representing a decline of approximately 4.18%[37] - Total liabilities decreased to HKD 784,128,000 as of October 31, 2024, from HKD 848,474,000 as of April 30, 2024[67] - Total equity decreased from HKD 893,708 thousand to HKD 885,361 thousand, a decline of approximately 0.39%[38] - Cash and cash equivalents decreased from HKD 338,501 thousand to HKD 308,072 thousand, a reduction of about 8.99%[40] - Operating cash flow generated was HKD 204,232 thousand, down from HKD 259,338 thousand, indicating a decrease of approximately 21.23%[40] Operational Efficiency and Cost Control - The company is focusing on cost control and operational efficiency to maintain market share and brand awareness[20] - Total employee costs decreased by 8.1% to HKD 216,886,000 from HKD 199,383,000 in the previous year[11] - The company employed approximately 2,070 staff as of October 31, 2024, down from about 2,190 a year earlier[11] - Cost control measures have been implemented, including optimizing the workforce and negotiating lease agreements, which are expected to positively impact financial performance in the coming years[27] - The company is focusing on enhancing core business operations and strict budget management to mitigate external uncertainties[27] Revenue Sources and Market Performance - Retail sales revenue reached HKD 1,257,698,000, accounting for 99.0% of total revenue[15] - Revenue from Hong Kong decreased by 4.1% to HKD 1,099,958,000, representing 86.6% of total revenue[18] - Singapore's revenue declined by 3.7% to HKD 147,986,000[20] - Macau's revenue increased by approximately 4% to HKD 22,691,000[21] - The wholesale and franchise income grew to HKD 12,937,000, up from HKD 3,962,000[16] Strategic Initiatives - The company plans to expand its product range and maintain appropriate inventory levels to meet customer demand[9] - The company aims to enhance its brand loyalty and product diversification by developing new private label products[9] - The company plans to upgrade its membership program to convert 300,000 out of 1,000,000 members to gold status by 2025[24] - The launch of a one-hour "Click and Collect" service on the online shopping platform JHCeshop aims to enhance customer convenience[24] - The company plans to expand its private label product range to improve gross margins and meet customer demand[25] - The company aims to respond quickly to market trends and customer needs, emphasizing operational efficiency and strategic growth plans[28] Shareholder and Governance Information - The company declared an interim dividend of HKD 0.04 per share, totaling approximately HKD 28.8 million, compared to HKD 40.315 million for the previous year[125] - The company has adopted the corporate governance code and is committed to maintaining high standards of corporate governance[120] - The company’s chairman and CEO, Ms. Wei, holds both positions, which the board believes is in the best interest of the group[120] - The company’s total equity held by directors and senior management as of October 31, 2024, included 361,902,000 shares held by Ms. Wei Lixia, representing 49.98%[107] - The company’s major shareholders include Webb David Michael with 8.01% and Preferable Situation Assets Limited with 5.00%[113] Financial Risks and Accounting Standards - The group faces various financial risks, including foreign exchange risk, credit risk, liquidity risk, and cash flow and fair value interest rate risk[51] - The group has adopted new and revised accounting standards effective from May 1, 2024, with no significant impact on previously reported amounts[47] - The group has not adopted new and revised accounting standards that will take effect after May 1, 2024, and preliminary assessments indicate no significant impact on operational performance or financial position[49] - The group is currently evaluating the impact of new and revised standards on its financial statements, with no major changes expected in risk management policies since April 30, 2024[51]

Financial Performance - The group recorded revenue of HKD 1,270,635,000 for the six months ended October 31, 2024, a decrease of 3.9% compared to HKD 1,322,485,000 in the same period of 2023/24[5]. - Profit attributable to equity holders decreased by 35.1% to HKD 32,959,000 from HKD 50,764,000 in the previous year[5]. - Retail sales revenue, including consignment commission income, reached HKD 1,257,698,000, accounting for 99.0% of total revenue, down from HKD 1,318,523,000 in the previous year[29]. - Revenue from Hong Kong was HKD 1,099,958,000, a decline of 4.1% from HKD 1,147,066,000 in the previous year, representing 86.6% of total revenue[30]. - Revenue in Singapore decreased by 3.7% to HKD 147,986,000 from HKD 153,598,000 in the previous year[14]. - Revenue from Macau increased by approximately 4% to HKD 22,691,000, compared to HKD 21,821,000 in the previous year[34]. - Operating profit for the period was HKD 46,858 thousand, with a pre-tax profit of HKD 37,364 thousand after financial costs of HKD 12,591 thousand[56]. - Net profit for the period was HKD 30,016 thousand, representing a decline of 38.6% from HKD 48,920 thousand in the same period last year[68]. - Total comprehensive income for the period was HKD 30,869 thousand, down 33.3% from HKD 46,253 thousand in the prior year[68]. - Basic earnings per share decreased to HKD 4.58 from HKD 7.06, reflecting a drop of 35.1%[68]. Liquidity and Assets - The group maintained a strong liquidity position with cash and cash equivalents amounting to HKD 308,072,000 as of October 31, 2024, down from HKD 318,775,000 a year earlier[6]. - The total assets as of October 31, 2024, were HKD 1,669,489,000, down from HKD 1,742,182,000 as of April 30, 2024[43]. - Total liabilities decreased to HKD 784,128 thousand as of October 31, 2024, from HKD 848,474 thousand as of April 30, 2024, a reduction of 7.6%[70]. - Total equity as of October 31, 2024, was HKD 885,361 thousand, down from HKD 893,708 thousand as of April 30, 2024, a decrease of 0.9%[70]. - The average trade receivables for the period were HKD 178,331,000, compared to HKD 179,443,000 in the previous period[92]. Cost Management - Total employee costs decreased by 8.1% to HKD 216,886,000 from HKD 199,383,000 in the previous year[7]. - The group is implementing strict cost control measures, including budget management and workforce optimization, to address rising operational costs[12]. - The company is focusing on strict budget management and cost control measures to address high operational costs[39]. - The group is committed to improving service quality and enhancing the shopping experience for customers through flexible frontline sales personnel[63]. Strategic Initiatives - The group plans to enhance its private label product offerings to improve gross margins and meet customer demand[20]. - The company plans to enhance its online and offline marketing strategies, including a one-hour "click and collect" service for online orders[37]. - The group aims to increase its J-Fun registered members to 1 million by 2025, with 300,000 expected to upgrade to gold members, enhancing customer loyalty and retail revenue[63]. - The group plans to adjust its product mix by introducing more fast-moving consumer goods to enhance shopping convenience and competitiveness[62]. - The company is actively expanding supplier partnerships in favorable exchange rate regions to procure high-quality products at competitive prices[64]. - The group is restructuring its logistics and distribution centers to serve as a core hub for global procurement, enhancing delivery efficiency for future growth[64]. Market Outlook - The company remains cautiously optimistic about medium to long-term prospects, focusing on markets in Hong Kong, Singapore, and Macau[29]. - The retail market in Hong Kong is undergoing transformation, with a shift in consumer behavior due to the pandemic, necessitating agile responses to market trends[62]. - The company is focusing on optimizing operations and improving productivity to enhance efficiency and profitability while maintaining market share in Singapore[60]. Governance - The executive directors include Ms. Wei Lixia, Mr. Liu Baihui, and Mr. Zheng Shengxu[129]. - The independent non-executive directors are Mr. Meng Yongming, Mr. Wu Shiyuan, and Mr. Yang Yaoqiang[129].