LIFESTYLE CHINA GROUP LIMITED 利福中國集團有限公司 (於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ) (股 份代號 ：2136) | --- | --- | --- | |-------|----------------------------------------------------------------------------------------------|-------| | | | | | 摘要 | | | | | • 收入下降 13.2% 至人民幣 1,127.6 百萬元 | | | | • 本公司擁有人應佔虧損為人民幣 24.4 百萬元 （二零二一年﹕溢利人民幣 143.4 百萬元） | | | | • 每股虧損至人民幣 0.017 元（二零二一年﹕每股盈利為人民幣 0.098 元） | | | | • 董事會不宣派任何股息 | | 利福中國集團有限公司（「本公司」）董事會（「董事會」）宣佈，本公司及其附屬公司（統稱「本集 團」）截至二零二二年十二月三十一日止年度之經審核綜合業績連去年同期之比較數字如下： | --- | --- | --- ...

Financial Performance - Revenue decreased by 22.4% to RMB 508.5 million[5] - Profit attributable to owners of the Company decreased by 83.5% to RMB 27.9 million[5] - Earnings per share amounted to RMB 0.019, a decrease of 83.5%[5] - For the six months ended June 30, 2022, the Group's revenue decreased by 22.4% year-on-year to RMB 508.5 million, down from RMB 655.1 million in the same period last year[21] - The total sales proceeds for the Group decreased by 38.4% year-on-year to RMB 1,087.4 million, compared to RMB 1,765.0 million recorded a year earlier[21] - The Group's gross profit decreased by 25.5% year-on-year to RMB 288.3 million, with a gross profit margin of 56.7%, down 2.3 percentage points[22] - Net profit attributable to shareholders decreased by 83.5% year-on-year to RMB 27.9 million, primarily due to sales decline and high operating expenses[23] - Adjusted EBITDA decreased to RMB170.0 million from RMB189.9 million in the same period of 2021, primarily due to sales and revenue decline amid the COVID-19 outbreak[30] - Profit before taxation decreased to RMB 162,423,000, a decline of 52.3% from RMB 340,418,000 in 2021[87] - Profit for the period was RMB 130,917,000, representing a 52.3% decrease compared to RMB 274,232,000 in the same period last year[87] - Total comprehensive income for the period was RMB 131,028,000, down 52.3% from RMB 274,573,000 in 2021[87] Market Conditions - China's GDP growth slowed to 2.5% year-on-year in the first half of 2022, down from 12.7% in 2021[14] - Retail sales in China declined by 0.7% year-on-year in the first half of 2022, contrasting with a growth of 23.0% in the same period of 2021[14] - Retail sales at department stores fell by 8.4% year-on-year in the first half of 2022, compared to a growth of 29.5% in the first half of 2021[14] - The supermarket sector's retail sales growth decelerated to 4.2% from 6.2% in the first half of 2021[14] - Shanghai experienced a two-month lockdown in April and May 2022, severely impacting the retail sector[15] - The pandemic accelerated the trend towards online shopping, compelling retailers to adopt new technologies and enhance digitalization[16] Operational Challenges - The Group recorded a loss of RMB 116.3 million for the Jiuguang Center due to revenue loss and high operating expenses[23] - The absence of a lease modification gain of RMB 17.0 million recorded in the same period last year contributed to the profit drop[23] - The Group's aggregate selling and distribution costs increased by 29.2% year-on-year to RMB282.5 million, with selling and distribution expenses as a percentage of total sales rising to approximately 26.0% from 12.4% in the same period of 2021[28] - General administrative expenses rose by 43.3% year-on-year to approximately RMB109.6 million, primarily due to increased depreciation and amortization expenses related to the JGC[28] - Staff costs (excluding directors' emoluments) increased by 11.0% year-on-year to approximately RMB93.6 million, attributed to non-capitalizable staff costs from the JGC[28] - The resurgence of COVID-19 significantly impacted the Group's operations, particularly in Shanghai and Suzhou, leading to temporary store closures and reduced operating hours[32] Strategic Initiatives - The newly opened Shanghai Jiuguang Center contributed 20.8% to the Group's revenue during the Period, serving as a growth driver amidst challenging conditions[20] - The Group continued to enhance its product assortment with mid-range to high-end affordable luxury European brands, focusing on cosmetics, groceries, and daily necessities, which performed well during the period[34] - The Group's omnichannel marketing strategy was intensified, utilizing social media platforms like WeChat to boost sales amid challenging market conditions[34] - The company anticipates a strong rebound in retail consumption in economically vibrant cities like Shanghai and Suzhou once the pandemic recedes[59] - The company plans to enhance competitiveness by optimizing product assortments and innovating sales and marketing practices, including the use of livestreaming and short videos[59] Financial Position - As of June 30, 2022, the Group's net debt increased to approximately RMB742.4 million from RMB444.8 million as of 31 December 2021, mainly due to a fall in cash and bank balances[30] - The Group's cash and cash equivalents amounted to approximately RMB1,477.6 million, down from RMB1,858.2 million as of 31 December 2021, attributed to significant revenue loss and increased operating expenses[30] - The Group's outstanding secured bank loans amounted to RMB2,290 million, with a debt to equity ratio of 24.5% as of the end of the period, slightly down from 25.1% at the end of 2021[30] - The Group's total finance costs amounted to approximately RMB58.4 million, significantly up from RMB9.6 million in the previous year, due to bank loan interest that could no longer be capitalized after the JGC commenced operations[28] - Cash and cash equivalents decreased to RMB 1,477,559,000 from RMB 1,858,198,000, a decline of 20.5%[89] Shareholder Information - As of June 30, 2022, Mr. Lau Luen Hung, Thomas holds 252,051,460 shares, representing 17.21% of the issued shares of the Company[65] - Mr. Lau also has an interest in 844,988,832 shares through controlled corporations, accounting for 57.70% of the issued shares[65] - Dynamic Castle Limited, wholly owned by Mr. Lau, holds 304,988,832 shares, which is 20.83% of the issued shares[70] - United Goal Resources Limited, controlled by Mr. Lau, holds 540,000,000 shares, representing 36.87% of the issued shares[70] - The total number of shares held by Mr. Lau and his controlled corporations indicates a strong ownership concentration[65] Legal and Compliance Issues - The Group made full impairment against the outstanding trade receivables due to lack of recovery progress[48] - The Group's management maintained regular contact with Beiren Group to monitor legal actions regarding outstanding trade receivables, but no significant progress was reported[49] - The company is currently unable to make progress in legal actions against debtors due to the detention of key employees and the guarantor, with no concrete timetable for resolution[55] - The auditor has noted the difficulties faced by the company in obtaining financial information from the debtors and guarantor, which are necessary for assessing the financial conditions[58] - The Group will continue to monitor the situation with Beiren Group and explore options to minimize losses[149] Employee Information - The Group employed a total of 1,160 employees as of June 30, 2022, with 1,155 stationed in mainland China and 5 in Hong Kong[75] - Staff costs (excluding directors' emoluments) amounted to RMB 93.6 million for the six months ended June 30, 2022, compared to RMB 84.4 million in the same period of 2021, representing an increase of approximately 14.1%[75] - The Group ensures competitive pay levels for employees, rewarding them based on performance within the general framework of the salary and bonus system[75] Governance and Corporate Structure - The Company has complied with the Corporate Governance Code during the six months ended June 30, 2022, with a noted deviation regarding the roles of the Chairman and Chief Executive Officer not being segregated[75] - The roles of the Chairman and Chief Executive Officer are not segregated, which the Company believes facilitates the development and execution of business strategies[75] - The Company acknowledges the hard work and dedication of its management and staff, as well as the support from shareholders, business partners, and customers[75]

UDDIN testyl Jl e China Group Ltd. 利 福 中 國 集 團 有 限 公 司 Stock Code 股份代號：2136 Contents 目錄 01 Corporate Profile 企業簡介 02 Corporate Information 企業資料 04 Chairman's Statement 主席報告 06 Management Discussion and Analysis 管理層討論及分析 16 Environmental, Social and Governance Report 環境、社會及管治報告 59 Profile of Directors 董事簡介 60 Directors' Report 董事會報告 69 Independent Auditor's Report 獨立核數師報告 76 Consolidated Statement of Profit or Loss and Other Comprehensive Income 綜合損益及其他全面收益表 77 Consolidated Statement of Financial Position 綜合 ...

Lifestyle IOTERIO BEPORT eoel park ● Štock Code 股份代號：2136 70代 ....... BB REED, LU = ID = 學 CONTENTS 目錄 01 Financial Highlights 財務摘要 02 Corporate Information 企業資料 04 Management Discussion and Analysis 管理層討論及分析 12 Other Information 其他資料 16 Report on Review of Interim Financial Information 中期財務資料審閱報告 20 Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income 簡明綜合損益及其他全面收益表 21 Condensed Consolidated Statement of Financial Position 簡明綜合財務狀況表 23 Condensed Consolidated Statement of Change ...

a@owat BePORT e@e@年報 Lifestyle 0 Štock Code 股份代號：2136 70代 學 CONTENTS 目錄 | --- | --- | --- | --- | --- | |-------|-------|---------------------------------------------------------------------------------|-------|---------------------------------------------------------------------------------------------------| | | 01 | Corporate Profile 企業簡介 | 52 | Directors' Report 董事會報告 | | | 02 | Corporate Information 企業資料 | 61 | Independent Auditor's Report 獨立核數師報告 | | | 04 | Chairman's Statement 主席報告 | 68 | Consolidate ...

利 福 中 凤 集 围 有 限 公 司 Stock Code 股份代號：2136 Interim Report 2020中期報告 ITEMENT CONTENTS目錄 | --- | --- | --- | --- | |-------|-----------------------------------------------------|-------|-----------------------------------------------------------------------------| | | | | | | 01 | Financial Highlights 財務摘要 | 19 | Condensed Consolidated Statement of Profit or Loss and Other Comprehensive | | 02 | Corporate Information 企業資料 | | Income 簡明綜合損益及其他全面收益表 | | 04 | Management Discussion and Analysis 管理層討論及分析 | 20 | Conde ...

利 福 中 周 集 围 有 限 公 司 Stock Code 股份代號：2136 Annual Report 2019年報 CITEMENT ru W 111 CONTENTS目錄 | --- | --- | |-------|-------------------------------------------------------------------| | | | | 01 | Corporate Profile 企業簡介 | | 02 | Corporate Information 企業資料 | | 04 | Chairman's Statement 主席報告 | | 06 | Management Discussion and Analysis 管理層討論及分析 | | 14 | Environmental, Social and Governance Report 環境、社會及管治報告 | | 37 | Corporate Governance Report 企業管治報告 | | 51 | Profile of Directors 董事簡介 | | 52 | Directors' Report ...

2019 Interim Report 中期報告 M :j l.D Lifestyle ########## Stock Code 股份代號：2136 . 11 do, inancialHighlights F財務摘要 Contents Contents目錄 • Turnover decreased 1.1% to RMB603.0 million 營業額下跌1.1%至人民幣603.0百萬元 • Profit attributable to owners of the Company increased 7.9% to RMB190.8 million 本公司擁有人應佔溢利增加7.9%至人民幣190.8百萬元 • Earnings per share amounted to RMB0.13, an increase of 16.1% 每股盈利為人民幣0.13元，增長16.1% • No interim dividend has been declared by the Board 董事會不宣派中期股息 01 Financial Highlights 財務摘要 02 Corporate Information ...

0 2018 Annual Report 年報 .D Lifestyle 利用中国第1位版 Stock Code 股份代號：2136 Corporate Corporate | --- | --- | --- | --- | |---------|------------------------------------------------------------------|-------|---------------------------------------------------------------------------------------------------| | | | | | | | | | | | | | | | | | | | | | | C o n t e n t s C o n t e n t s 目錄 | | | | 01 02 | Corporate Profile 企業簡介 Corporate Information | 63 | Consolidated Statement of Profit or Loss and Other Comprehensive ...