Financial Performance - The Group's revenue for the year ended December 31, 2024, was approximately HKD 1,334.3 million, compared to HKD 1,652.4 million in 2023, representing a decrease of 19.2%[19]. - The loss attributable to owners of the company for the year was HKD 373.4 million, compared to a loss of HKD 72.2 million in 2023[19]. - The Group recorded revenue of HK$1,152,570,000 for the Current Year, with a loss attributable to owners of approximately HK$373,435,000[39]. - The operating loss before tax for the Current Year was approximately HK$122,924,000, up from HK$88,104,000 in 2023[55]. - The Group's revenue for the Current Year was HK$1,152,570,000, representing a decrease of 10.1% from the Prior Year[86]. - Revenue from retail sales decreased by 17.7% to HK$720,169,000, accounting for 62.5% of total revenue[87]. - E-commerce sales increased by 8.6% year on year to HK$400,423,000, rising from 28.8% to 34.7% of total revenue[87]. - The Group's total staff cost for the Current Year was HK$412,426,000, down from HK$455,603,000 in the Prior Year[85]. - The Group recognized an impairment of property, plant, and equipment amounting to approximately HK$118,699,000 for the Current Year, compared to nil in 2023[100]. - The fair value of the Group's investment properties decreased by approximately HK$69,380,000 in the Current Year, contrasting with a fair value gain of HK$889,000 in 2023[102]. Retail Network and Market Presence - As of December 31, 2024, the Group had a total of 811 retail outlets, including 671 concessionary counters and 140 retail shops in Mainland China, Hong Kong, and Macau[15]. - The Group experienced a net decrease of 196 retail outlets during the Current Year, retaining 811 outlets with better sales performance[38]. - The Group's sales network spans all major cities in China, allowing for efficient customer response and deeper market penetration[16]. - The Chinese Mainland contributed 96.5% of total sales in 2024, with Hong Kong contributing 3.0%[18]. - The Group aims to optimize its sales network and enhance operational efficiency by rationalizing retail outlets[27]. Product Development and Innovation - The lingerie segment accounted for 85.3% of total sales in 2024, slightly down from 85.4% in 2023[18]. - The ODM (Original Design Manufacturer) products represented only 0.5% of total sales in 2024, up from 0.2% in 2023[18]. - The Group launched a full range of new collections, including "Miss Embry 2024" and "Peace Year after Year," contributing to a strong market response[74][76]. - The Group obtained 24 new patents in China during 2024, bringing the total to 138 patents, including 82 utility model patents and 13 invention patents[78]. - The Group continued to enhance its product design and development, focusing on environmentally friendly materials and lightweight underwear to meet consumer demand[72][75]. Strategic Initiatives and Future Outlook - Future strategies include expanding market presence and investing in new product development to meet diverse customer needs[27]. - The Group plans to adopt a prudent approach to align with consumers' rational consumption trends, focusing on quality, functions, and sustainable consumption[44]. - Looking ahead to 2025, the Group maintains a conservative outlook on the overall economic situation in Mainland China and predicts limited growth in the underwear industry[41]. - The Group aims to refine market segments in the underwear market, necessitating greater investment in product development and innovation to meet diversified consumer needs[134]. - The Group will optimize offline store networks to reduce operational costs while aggressively expanding online sales channels, focusing on social media engagement and digital content quality[134]. Corporate Governance and Leadership - The Company has adopted the Corporate Governance Code as its own code of corporate governance practices, ensuring compliance with all applicable provisions throughout the year ended December 31, 2024[170][171]. - The Board comprises four Executive Directors and four Independent Non-Executive Directors, ensuring a balanced composition that reflects necessary skills and experience for business development[182][183]. - The Company has a board diversity policy that promotes diversity in gender, age, cultural background, and professional experience among its directors[184]. - The Company believes that good corporate governance is essential for effective management and enhancing shareholder value[169][175]. - The Board has set measurable objectives to improve diversity, with a commitment to identifying suitable candidates[187]. Environmental and Social Responsibility - The Group's Eco Month activities and product series were launched to promote energy conservation and emission reduction[61]. - The Group's Shandong Industrial Park prioritizes low-carbon operations, utilizing geothermal energy and energy-efficient features to reduce environmental impact[80]. - The Group's environmental initiatives included the launch of a new eco-friendly product series during the 22nd Environmental Month, promoting sustainability[63][77]. Economic Context - China's GDP increased by 5.0% in 2024, driven by export growth and stimulus measures, despite challenges in domestic consumption and the real estate market[30][34]. - Domestic consumption in Mainland China is expected to achieve gradual recovery, but consumer confidence remains dampened due to a sluggish real estate market and uncertain economic prospects[128]. - The global economic growth is projected to remain subdued at 2.6% in 2025, influenced by high costs, elevated debt levels, and rising protectionism[127].

智通财经APP讯，安莉芳控股(01388)发布截至2024年12月31日止年度业绩，集团收益11.53亿港元，同 比减少10.08%;股东应占亏损3.73亿港元，同比扩大417.45%;每股亏损88.4港仙。 品牌推广方面，集团2024年继续坚持多元化、多平台的宣传策略，逐步提高消费者对品牌的认知。年 内，集团精准投放资源，注重社交媒体渠道的深度运营，在多个主流社交平台实现品牌的高频曝光，并 贯彻明星代言策略，持续利用明星效应，通过代言人年轻化，进一步吸引年轻消费群体。以及线下积极 推进"时光裡的优雅"主题快闪和线上直播活动，结合多渠道宣传，进一步宣传品牌形象，提升品牌美誉 度，助推产品销量。 为努力推动国家实现"碳达峰"与"碳中和"的双碳战略目标，彰显绿色健康的品牌形象，集团于年内开设 多场"蓝丝带沙龙直播"活动，唿吁关注女性健康，致力打造"绿色健康高品质贴身衣物首选品牌"的产品 形象。此外，集团不改初心，秉持着"绿色低碳"及"可持续"的品牌理念，于年内举办第22个环保月活 动，推出环保月产品系列，用实际行动推动节能减排。同时，发起"蝶之栖息地"守护活动，鼓励消费者 减少碳排放，进一步传递品牌绿色健康讯息。 ...

Financial Performance - Total revenue for the year ended December 31, 2024, was HKD 1,152,570, a decrease of 10.1% compared to HKD 1,281,753 in 2023[3] - Gross profit for the year was HKD 848,674, down from HKD 956,103, reflecting a gross margin decline[3] - The company reported a net loss attributable to shareholders of HKD 373,435, compared to a loss of HKD 72,168 in the previous year, indicating a significant increase in losses[4] - Basic loss per share for 2024 was HKD (88.40), compared to HKD (17.08) in 2023, reflecting a deterioration in financial performance[20] - The group reported a pre-tax operating loss of approximately HKD 122,924,000, compared to HKD 88,104,000 in 2023[26] - The group reported a loss attributable to shareholders of HKD 373,435,000 for the year, a significant increase from HKD 72,168,000 in the previous year, primarily due to non-recurring and non-cash items[43] Assets and Liabilities - The total assets decreased to HKD 1,949,513 from HKD 2,503,457, showing a reduction of approximately 22%[5] - Non-current assets totaled HKD 1,634,025, down from HKD 2,002,960, representing a decline of about 18.4%[5] - Cash and cash equivalents decreased to HKD 163,434 from HKD 283,610, a reduction of 42.4%[5] - The company’s equity attributable to shareholders decreased to HKD 1,722,552 from HKD 2,158,382, reflecting a decline of approximately 20.2%[5] - The group's accounts receivable decreased to HKD 38,015,000 in 2024 from HKD 45,204,000 in 2023, reflecting a reduction of 16.0%[21] - The group's accounts payable decreased to HKD 39,020,000 in 2024 from HKD 69,124,000 in 2023, a reduction of 43.6%[22] - The group's debt ratio increased to approximately 18.8% from 13.4% in the previous year[44] Revenue Breakdown - Retail revenue amounted to HKD 720,169,000, a decline of 17.7%, accounting for 62.5% of total revenue; however, online sales grew by 8.6% to HKD 400,423,000, increasing its share from 28.8% to 34.7%[34] - The flagship brand, Anlifang, generated revenue of HKD 713,673,000, up 0.6%, representing 61.9% of total revenue[35] - The group's revenue for the year was HKD 1,152,570,000, a decrease of 10.1% compared to the previous year, with sales from the mainland China market down approximately 8.2%[34] Expenses and Costs - The company experienced a significant increase in financing costs, which amounted to HKD 17,683, compared to HKD 19,959 in the previous year[3] - Total financing costs decreased from HKD 19,959,000 in 2023 to HKD 17,683,000 in 2024, a reduction of 11.4%[15] - Employee benefits expenses, excluding directors and CEO remuneration, totaled HKD 412,426,000 in 2024, down from HKD 455,603,000 in 2023, a decrease of 9.5%[16] - Selling and distribution expenses decreased by 7.7% to HKD 813,910,000, representing 70.6% of total revenue, while administrative expenses fell by 8.8% to HKD 159,813,000[37] Strategic Initiatives - The group emphasized a multi-brand strategy, adjusting marketing for seven brands to meet market demands[27] - The group launched a series of environmentally friendly products during the year, promoting a green and healthy brand image[28] - The group’s online sales strategy included synchronizing product information between online and offline stores to enhance operational efficiency[29] - The group launched several new product lines, including "Miss Embry 2024" and "Super Red Luck," to cater to diverse consumer demands and enhance e-commerce sales[30] - The group plans to enhance R&D for online exclusive products and deepen collaboration with low-carbon material suppliers to promote green products in 2025[52] - The group aims to optimize its offline store layout and expand online sales channels to adapt to changing consumer demands and reduce operational costs[53] Future Outlook - The group anticipates a cautious outlook for the lingerie industry in 2025, influenced by high costs, high debt, and increasing protectionism, with global economic growth projected at 2.6%[51] Audit and Reporting - The audit committee reviewed the consolidated performance for the year ending December 31, 2024[60] - The independent auditor, Ernst & Young, confirmed that the financial statements are consistent with the preliminary performance announcement[61] - The company will publish its 2024 annual report containing all information required by listing rules on its website and the Hong Kong Stock Exchange[62] Dividends - The company did not recommend any final dividend for the year ended December 31, 2024[19] - The group will not declare a final dividend for the year ending December 31, 2024[54]

根据TrendForce集邦咨询最新调查，2024年受到手机新机销量成长，以及二手机和整新机需求增加驱动， 全球手机面板出货量年增11.4%、达21.57亿片，达到近年高峰 。预估2025年由于新机需求稳定，手机市 场可能回归供需循环，而二手市场需求预计将持稳或小幅下降， 导致手机面板出货量年减3.2%，为20.93 亿片 。 京东方（BOE） 从五大手机面板厂2024年出货量与2025年出货预估来看，京东方（BOE）稳居全球智能型手机面板出货量首 位，2024年出货6.13亿片，2025年可望达6.3亿片，年增2.7%。 三星显示（SDC） 排名第二的三星显示（SDC）受惠于苹果对AMOLED高阶面板需求的支持，以及自家品牌的使用，2024年出 货为3.78亿片。但2025年苹果可能计划性提高其他供应商的供货比例，预计将导致SDC的手机面板出货量小 幅下滑至3.65亿片，年减3.5%。 惠科（HKC ） 惠科（HKC）的a-Si LCD出货量迅速成长后，持续稳定排名第三，凭借其G8.6世代线的成本优势，2024年手 机面板出货量为2.28亿片。2025年由于华星光电（CSOT）也加入a-Si LCD出货竞局 ...

Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 631,392,000, a decrease of 11% compared to HKD 709,590,000 for the same period in 2023[5] - Gross profit for the same period was HKD 478,324,000, down from HKD 528,262,000, reflecting a gross margin decline[5] - The company reported a loss attributable to shareholders of HKD 82,235,000, compared to a profit of HKD 5,367,000 in the prior year[5] - Total comprehensive loss for the period was HKD 125,546,000, compared to a loss of HKD 93,417,000 in the previous year[6] - The total comprehensive income for the six months ended June 30, 2024, was a loss of HKD 178,306,000, compared to a loss of HKD 183,073,000 in the same period of 2023, showing a slight improvement[12] - The company recorded a loss attributable to owners of approximately HKD 82,235,000, compared to a profit of HKD 5,367,000 in the previous year[60] - The loss per share was HKD 0.1947, compared to earnings per share of HKD 0.0127 in the previous year[60] Cash Flow and Assets - The net cash flow from operating activities for the six months ended June 30, 2024, was HKD 9,161,000, significantly lower than HKD 90,976,000 for the same period in 2023, indicating a decrease of approximately 90%[14] - As of June 30, 2024, the cash and cash equivalents balance was HKD 227,835,000, down from HKD 386,093,000 at the end of June 2023, reflecting a decrease of approximately 41%[14] - The company’s total assets as of June 30, 2024, were HKD 2,032,836,000, compared to HKD 2,272,332,000 as of June 30, 2023, indicating a decrease of approximately 10.5%[12] - The company’s net asset value decreased to HKD 2,032,836,000 from HKD 2,158,382,000[9] - The company’s retained earnings as of June 30, 2024, were reported at HKD 1,460,110,000, a decrease from HKD 1,619,827,000 in the same period of 2023, representing a decline of approximately 9.8%[12] Liabilities and Financing - Current liabilities amounted to HKD 364,943,000, slightly up from HKD 359,010,000 at the end of 2023[8] - The company reported a net cash outflow from financing activities of HKD 49,162,000 for the six months ended June 30, 2024, compared to HKD 44,863,000 in the same period of 2023, indicating an increase in cash outflow[14] - The company’s total liabilities as of June 30, 2024, were HKD 1,542,332,000, compared to HKD 1,614,425,000 as of June 30, 2023, indicating a decrease of approximately 4.5%[12] - The company had total bank borrowings of HKD 267,495,000 as of June 30, 2024, compared to HKD 288,312,000 as of December 31, 2023[47] Revenue Breakdown - Revenue from women's lingerie and sleepwear decreased to HKD 547,859 from HKD 612,239, representing a decline of 10.5%[24] - Revenue from the mainland China market was HKD 611,286, down from HKD 686,772, reflecting a decrease of 11%[24] - Revenue from the brand "Anlifan" increased slightly to HKD 385,168 in 2024 from HKD 381,932 in 2023, while revenue from other brands decreased to HKD 243,699 from HKD 325,897[24] - Retail revenue amounted to HKD 393,319,000, down 18.5%, accounting for 62.3% of total revenue; online sales grew by 6.8% year-on-year to HKD 220,159,000, increasing its share of total revenue from 29.0% to 34.9%[71] Market and Strategic Outlook - The company has not provided specific guidance for future performance but indicated ongoing challenges in the market[5] - The company is focusing on enhancing its product offerings and exploring market expansion opportunities[5] - The company anticipates that consumer trends may marginally improve, but the lingerie market's growth rate is expected to lag behind the overall market due to cautious consumer attitudes[88] - Future strategies include expanding into different market segments and strengthening connections with social media and e-commerce platforms to enhance brand visibility and sales[91] Operational Efficiency - The company is committed to enhancing production efficiency and delivery speed by utilizing smart logistics and optimizing the supply chain for sustainable development[91] - The total employee count as of June 30, 2024, was 4,157, a decrease from 4,390 on December 31, 2023, reflecting ongoing adjustments in workforce management[69] - The total employee cost for the period was HKD 210,021,000, down from HKD 228,523,000 in the previous year, indicating cost management efforts[69] Corporate Governance - The independent auditor has reviewed the condensed consolidated financial statements for the six months ended June 30, 2024, in accordance with the relevant standards[112] - The company confirms compliance with all applicable corporate governance code provisions during the reporting period[109] - The company has adopted a code of conduct for securities trading that aligns with the standard set out in the relevant guidelines[110]

Financial Performance - Revenue for the six months ended June 30, 2024, was approximately HKD 631.4 million, a decrease from HKD 709.6 million in the same period last year[2] - The company recorded a loss attributable to owners of approximately HKD 82.2 million, compared to a profit of HKD 5.4 million in the same period last year[2] - Revenue from customer contracts decreased to HKD 631,392 thousand for the six months ended June 30, 2024, down 11% from HKD 709,590 thousand in the same period of 2023[9] - Revenue from the mainland China market was HKD 611,286 thousand, a decrease of 11% compared to HKD 686,772 thousand in the previous year[9] - Total other income decreased to HKD 14,522 thousand for the six months ended June 30, 2024, down 30% from HKD 20,641 thousand in the same period of 2023[10] - The company reported a net loss attributable to shareholders of HKD 82,235 thousand for the six months ended June 30, 2024, compared to a profit of HKD 5,367 thousand in the same period of 2023[13] - Gross profit for the period was approximately HKD 478,324,000, a decline of 9.5%, while the overall gross profit margin increased by 1.3 percentage points to 75.8%[28] - The flagship brand, Anlifang, accounted for 61.0% of total revenue, with sales of HKD 385,168,000, a slight increase of 0.8%[27] Assets and Liabilities - Non-current assets decreased to HKD 1,873.6 million from HKD 2,003.0 million as of December 31, 2023[4] - Current assets totaled HKD 811.1 million, down from HKD 859.5 million at the end of 2023[4] - The company reported a net cash and cash equivalents of HKD 227.8 million, a decrease from HKD 283.6 million at the end of 2023[4] - Total equity attributable to owners decreased to HKD 2,032.8 million from HKD 2,158.4 million as of December 31, 2023[4] - The company’s total assets decreased to HKD 766,864 thousand as of June 30, 2024, down from HKD 814,841 thousand at the end of the previous year[15] - Trade receivables increased to HKD 53,739 thousand as of June 30, 2024, compared to HKD 45,204 thousand at the end of the previous year[16] - Trade payables increased to HKD 80,091 thousand as of June 30, 2024, compared to HKD 69,124 thousand at the end of the previous year[17] - The group’s debt ratio was approximately 13.2% as of June 30, 2024, slightly down from 13.4% at the end of the previous year[33] E-commerce and Sales - E-commerce sales increased by 6.8% year-on-year to HKD 220.2 million, highlighting a focus on enhancing e-commerce platform operations[1] - In the first half of 2024, the company's revenue decreased by 11.0% to HKD 631,392,000, while the gross profit margin increased by 1.3 percentage points to 75.8%[19] - Sales and distribution expenses decreased by 4.2% to HKD 422,004,000, accounting for 66.8% of total revenue, attributed to a reduction in the number of retail outlets[29] - As of June 30, 2024, the total number of retail points was 907, with a net decrease of 100 compared to December 31, 2023[22] Cost Management - The cost of goods sold decreased to HKD 153,068 thousand for the six months ended June 30, 2024, down 15.6% from HKD 181,328 thousand in the same period of 2023[12] - The total employee cost for the period was HKD 210,021,000, down from HKD 228,523,000 in the previous year, reflecting a reduction in employee numbers from 4,390 to 4,157[26] - Capital expenditure for the period was HKD 5,615,000, significantly lower than HKD 20,716,000 in the previous year, mainly for waterproof renovations at the Shandong factory[34] Strategic Initiatives - The company plans to leverage celebrity endorsements to enhance brand exposure and drive product sales[1] - The company launched several new product lines, including "GREEN EMBRY" and "Spring Traces," focusing on eco-friendly materials and designs[24] - The company actively promoted its green initiatives, including the "Butterfly Habitat" campaign, to encourage consumers to reduce carbon emissions[21] - The company has implemented sustainable practices in its production facilities, utilizing geothermal heat pumps and biodegradable packaging materials[25] - The company plans to strengthen its collaboration with low-carbon suppliers to develop environmentally friendly products, addressing consumer demand for quality and sustainable consumption[40] - The company will continue to explore different market segments and enhance operations on social media and e-commerce platforms to solidify its online retail market presence[40] - The company aims to improve production efficiency and delivery speed by leveraging its self-production and sales model, along with smart logistics solutions[40] Dividend and Governance - The company did not recommend the distribution of an interim dividend due to the uncertain economic outlook, prioritizing cash retention for long-term financial strength[19] - The board has decided not to declare an interim dividend for the six months ending June 30, 2024[42] - The group did not hold any significant investments or engage in major acquisitions or disposals of subsidiaries during the period[37] - There were no purchases, sales, or redemptions of the company's listed securities during the reporting period[43] - The company has adhered to all applicable corporate governance codes during the reporting period[43]

Retail Outlets and Market Presence - As of December 31, 2023, the Group had a total of 1,007 retail outlets, including 840 concessionary counters and 167 retail shops in Mainland China, Hong Kong, and Macau[5]. - The Group experienced a net decrease of 77 retail outlets, retaining 1,007 outlets with better sales efficiency across key provinces and cities in China[33]. - The Group's market expansion strategy includes a presence in all major cities such as Beijing, Shanghai, and Guangzhou, enhancing market penetration[4]. - The share of sales from the Chinese Mainland was 96.7% in 2023, slightly up from 96.5% in 2022[8]. Financial Performance - The Group's revenue for the year ended December 31, 2023, was 1,652.4 million, compared to 1,334.3 million in 2022, representing a significant increase[10]. - For the year ended December 31, 2023, the Group's revenue was HK$1,281,753,000, a decrease of 3.94% from HK$1,334,269,000 in the previous year[48]. - The gross profit for the year ended December 31, 2023, was 1,281.8 million, up from 1,182.5 million in 2022[12]. - The gross profit margin decreased by 45 basis points to 74.59%[48]. - Loss attributable to owners of the Company amounted to approximately HK$72,168,000, compared to a loss of HK$51,239,000 in the previous year[48]. - Revenue from retail sales was HK$875,508,000, accounting for 68.31% of total revenue, remaining stable compared to the prior year[78][80]. - Online sales revenue decreased by 10.4% to HK$368,648,000, representing 28.76% of total revenue, as consumers shifted to offline consumption[78][80]. Sales Channels and Product Categories - Concessionary counters accounted for 59.3% of total sales in 2023, an increase from 56.7% in 2022[7]. - Internet and wholesale sales represented 31.5% of total sales in 2023, down from 33.7% in 2022[7]. - Lingerie sales comprised 85.4% of total sales in 2023, compared to 85.0% in 2022[9]. - EMBRY FORM and FANDECIE contributed 55.32% and 15.98% to total revenue, with EMBRY FORM's revenue increasing by 1.71% to HK$709,065,000, while FANDECIE's revenue decreased by 19.43% to HK$204,761,000[83][86]. Strategic Initiatives and Future Outlook - The Group plans to adopt a prudent approach, focusing on product designs, production technology, and marketing strategies to align with changing consumer preferences towards quality and sustainability[38]. - Looking ahead to 2024, the Group maintains a conservative outlook on the overall economic situation in China, predicting limited growth in the underwear industry[35]. - The Group aims to leverage its self-production and self-distribution model to enhance production and logistics efficiency while optimizing its supply chain[38]. - The Group will continue to implement a multi-brand strategy and actively explore different market segments to drive overall industry growth[119]. Sustainability and Innovation - The Group launched environmentally friendly product series to align with China's carbon neutrality goals[55]. - The Group launched a new series of environmentally friendly underwear products, "Heart of the Ocean," using bio-based materials, reducing petroleum by-products and associated carbon emissions[66]. - The Group's commitment to sustainable development includes using degradable packaging materials to reduce environmental pollution[71]. - The Group plans to enhance product development for online shopping and strengthen cooperation with low-carbon material suppliers in 2024[118]. Corporate Governance and Leadership - The Company emphasizes good corporate governance as essential for effective management and sustainable business growth[156]. - The Board has adopted the Corporate Governance Code and complied with all applicable provisions during the review period ending December 31, 2023[158]. - The Company has a diverse board with members having extensive experience in finance, law, and academia, enhancing its strategic decision-making capabilities[146]. - The current Board consists of four Executive Directors and four Independent Non-Executive Directors, ensuring a balance of skills and experience[171]. Employee Engagement and Training - The Group emphasizes the importance of employee training and welfare to enhance operational efficiency and mitigate cost pressures[75]. - The total staff cost for the year was HK$455,603,000, a decrease from HK$464,669,000 in the prior year[76][79]. Awards and Recognition - The Group received multiple awards for excellence in product quality and service, including recognition as a leading entity in standardization work in 2023[129]. - Embry Holdings Limited's subsidiary, Embry (Changzhou) Garments Ltd., was recognized as a Green Factory by the Jiangsu Provincial Department of Industry and Information Technology[131]. - The company has been awarded the title of Top 100 Enterprises in the Chinese garment industry by the China Garment Association for the year 2022[131].

Financial Performance - Total revenue for the year ended December 31, 2023, was approximately HKD 1,281.8 million, a decrease of about 3.9% compared to HKD 1,334.3 million for the year ended December 31, 2022[4] - Gross profit for the same period was approximately HKD 956.1 million, down 4.5% from HKD 1,001.2 million in the previous year[4] - The loss attributable to the owners of the company was approximately HKD 72.2 million, an increase of about 40.8% compared to a loss of HKD 51.2 million in the prior year[4] - Basic loss per share was approximately HKD 0.1708, an increase of HKD 0.0495 from HKD 0.1213 in the previous year[4] - The company reported a total comprehensive loss attributable to owners of approximately HKD 114.36 million for the year, compared to HKD 244.90 million in the previous year[7] - The company reported a pre-tax loss of HKD 72,168,000 for 2023, compared to a loss of HKD 51,239,000 in 2022, indicating a worsening of 40.9%[23] - Basic loss per share for 2023 was HKD 17.08, compared to HKD 12.13 in 2022, reflecting an increase in loss per share of 40.5%[23] - The loss attributable to the company's owners was approximately HKD 72,168,000, compared to a loss of HKD 51,239,000 in the previous year[30] Assets and Liabilities - Total non-current assets as of December 31, 2023, were approximately HKD 2,002.96 million, a slight decrease from HKD 2,030.07 million in 2022[9] - Current assets totaled approximately HKD 859.51 million, down from HKD 946.73 million in the previous year[9] - Current liabilities increased to approximately HKD 359.01 million from HKD 265.14 million in 2022[9] - The net asset value of the company was approximately HKD 2,158.38 million, down from HKD 2,272.33 million in the previous year[9] - Total non-current assets decreased to HKD 1,904,461,000 in 2023 from HKD 1,955,532,000 in 2022, a reduction of 2.6%[15] - The total accounts receivable as of the reporting date was HKD 45,204,000, down from HKD 47,443,000 in the previous year[12] - The total accounts payable increased to HKD 69,124,000 from HKD 39,028,000 in the previous year, indicating a significant rise in liabilities[25] - As of December 31, 2023, the company's cash and cash equivalents were approximately HKD 283,610,000, down from HKD 380,178,000 in 2022, while interest-bearing bank borrowings decreased to HKD 288,312,000 from HKD 327,472,000[52] - The company's debt ratio was approximately 13.4% as of December 31, 2023, a slight decrease from 14.4% in 2022[52] Dividends - The company did not recommend the payment of a final dividend for the year ended December 31, 2023[4] - The company did not declare a final dividend for the year ending December 31, 2023[21] - The company did not recommend a final dividend due to the uncertain economic outlook, aiming to preserve cash for long-term financial strength[30] - The board of directors resolved not to declare a final dividend for the year ended December 31, 2023[64] Revenue Breakdown - Retail revenue amounted to HKD 875,508,000, remaining stable year-on-year, accounting for 68.31% of total revenue[43] - Online sales decreased by 10.4% to HKD 368,648,000, representing 28.76% of total revenue, attributed to a shift towards offline consumption as pandemic restrictions eased[43] - The flagship brand, Anlifang, generated revenue of HKD 709,065,000, an increase of 1.71%, while the younger brand, Fendi, saw a decline of 19.43% to HKD 204,761,000[45] - The group's revenue for the year was HKD 1,281,753,000, a decrease of 3.94% compared to the previous year, primarily due to the depreciation of the RMB[43] Operating Expenses and Costs - Operating expenses increased by 2.58% to HKD 881,430,000, accounting for 68.77% of total revenue, due to increased investment in sales and marketing[49] - Employee costs totaled HKD 455,603,000, a decrease from HKD 464,669,000 in the previous year, with the number of employees at approximately 4,390[42] - The company incurred financing costs of HKD 19,959,000 in 2023, an increase of 63.5% from HKD 12,175,000 in 2022[17] Strategic Initiatives - The group plans to enhance brand promotion and marketing strategies, including collaborations with influencers and increased online presence[33] - The company is focusing on sustainable development by launching eco-friendly product lines and promoting environmental awareness through various campaigns[34] - The group launched several new product lines, including the "Rose Garden" and "Ultimate Black Label" from Anlifang, and the "Vintage Archives" from Fendi, among others[38] - The group emphasized green and eco-friendly practices, launching the "Ocean Heart" series made from bio-based materials to reduce reliance on petroleum by-products[39] - In 2024, the company plans to enhance product development for online shopping, improve product adaptability, and strengthen partnerships with low-carbon material suppliers to develop eco-friendly products[61] - The company will continue to implement a multi-brand strategy to explore different market segments and adjust offline store numbers to save costs while expanding online sales channels[61] Economic Outlook - The overall economic recovery has been slower than expected, impacting retail consumption and consumer confidence[29] - The company anticipates limited growth in the overall lingerie industry in 2024, with a cautious outlook on the domestic economy due to ongoing geopolitical tensions and weak international trade[60] Compliance and Reporting - The company has maintained compliance with the corporate governance code throughout the reporting period[67] - The independent auditor, Ernst & Young, confirmed that the financial figures in the preliminary performance announcement align with the consolidated financial statements for the year ending December 31, 2023[70] - The 2023 annual report will include all information required by the listing rules and will be sent to shareholders at an appropriate time[72]

Financial Performance - Revenue for the six months ended June 30, 2023, was HKD 709,590,000, a decrease of 4.4% compared to HKD 742,529,000 in the same period of 2022[7]. - Gross profit for the same period was HKD 528,262,000, down from HKD 563,651,000, reflecting a gross margin of approximately 74.4%[7]. - Net profit attributable to the owners of the company was HKD 5,367,000, significantly up from HKD 1,116,000 in the previous year, representing a year-on-year increase of 382.5%[7]. - Basic earnings per share increased to HKD 1.27 from HKD 0.26, indicating strong profitability growth[7]. - The company reported a total comprehensive income of HKD (93,417) thousand for the six months ended June 30, 2023, compared to HKD (84,426) thousand for the same period in 2022, indicating a worsening of approximately 10.5%[15]. - The company reported a profit of HKD 5,367 thousand for the six months ended June 30, 2023, compared to HKD 1,116 thousand for the same period in 2022, indicating a significant increase in profitability[15]. Assets and Liabilities - Total non-current assets as of June 30, 2023, were valued at HKD 1,936,136,000, a decrease from HKD 2,030,074,000 at the end of 2022[10]. - Current assets totaled HKD 912,713,000, down from HKD 946,731,000, with cash and cash equivalents at HKD 386,093,000[10]. - As of June 30, 2023, the company's total non-current liabilities decreased to HKD 396,635 thousand from HKD 439,334 thousand as of December 31, 2022, representing a reduction of approximately 9.7%[11]. - The net asset value as of June 30, 2023, was HKD 2,179,126 thousand, down from HKD 2,272,332 thousand at the end of 2022, indicating a decline of about 4.1%[11]. - The company's equity attributable to owners decreased to HKD 2,174,902 thousand as of June 30, 2023, from HKD 2,268,108 thousand at the end of 2022, a decline of about 4.1%[13]. Cash Flow and Financing - The net cash flow from operating activities for the six months ended June 30, 2023, was HKD 90,796 thousand, compared to HKD 102,874 thousand for the same period in 2022, reflecting a decrease of approximately 11.7%[17]. - The company incurred a net cash outflow from investing activities of HKD 11,971 thousand for the six months ended June 30, 2023, compared to HKD 2,163 thousand in the same period of 2022, representing a significant increase in cash outflow[17]. - The company repaid bank loans totaling HKD 12,959 thousand during the six months ended June 30, 2023, compared to HKD 19,010 thousand in the same period of 2022, showing a decrease of approximately 31.5%[17]. - Financing costs increased to HKD 9,291,000 from HKD 4,453,000, reflecting higher borrowing costs[7]. - The company's bank loans as of June 30, 2023, amounted to HKD 314,513,000, a decrease from HKD 327,472,000 at the end of 2022, showing a reduction of 3.9%[46]. Revenue Breakdown - Revenue from retail stores was HKD 63,636,000, down 5.4% from HKD 67,447,000 in the previous year[24]. - Online sales and wholesale revenue decreased by 7.7% to HKD 225,098,000 from HKD 243,749,000[24]. - Revenue from the mainland China market was HKD 686,772,000, a decline of 4.5% from HKD 719,556,000 in 2022[26]. - Revenue from retail amounted to HKD 482,731,000, representing 68.03% of total revenue, with a decrease of 2.51% compared to the previous period[67]. - Online sales recorded a decline of 6.96% to HKD 206,064,000, accounting for 29.04% of total revenue[67]. Market and Operational Strategy - The company is focusing on enhancing operational efficiency and exploring new market opportunities to drive future growth[5]. - The company continues to leverage its multi-brand strategy, adjusting marketing arrangements for seven brands to meet market demands and enhance competitiveness[57]. - The company plans to enhance its online retail market share and optimize sales network efficiency in response to changing consumer behaviors post-pandemic[85]. - The company will continue to monitor market trends and adjust its business strategies to meet consumer demands for quality and sustainable consumption[85]. - The overall economic recovery in China remains unstable, with GDP growth of 5.5% in the first half of 2023, but consumer demand growth lacks momentum[54]. Management and Governance - The board decided not to declare an interim dividend due to the uncertain economic outlook, aiming to retain cash for long-term financial strength[55]. - The company has complied with all applicable code provisions of the Corporate Governance Code during the period[106]. - The independent review report indicates that the financial statements were prepared in accordance with Hong Kong Accounting Standards, specifically HKAS 34[109]. - The independent auditor did not identify any matters that would lead to a belief that the financial statements were not prepared in all material respects according to HKAS 34[112].

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。 EMBRY HOLDINGS LIMITED 安莉芳控股有限公司 (於開曼群島註冊成立的有限公司) (股份代號: 1388) 公佈截至二零二三年六月三十日止六個月中期業績 業績摘要 截至六月三十日止六個月 2023 2022 變動 (千港元) (千港元) 收益 709,590 742,529 -4.44% 毛利 528,262 563,651 -6.28% 毛利率 74.45% 75.91% -1.46百分點 本公司擁有人應佔期內溢利 5,367 1,116 +380.91% 淨利率 0.76% 0.15% 0.61百分點 (港仙) (港仙) ...