Financial Performance - Revenue for the six months ended June 30, 2024, was RMB 1,514.45 million, an increase compared to RMB 1,367.63 million in the same period in 2023[4] - Net profit attributable to owners of the company for the six months ended June 30, 2024, was RMB 82.398 million, a significant increase of approximately 215% compared to RMB 26.129 million in the same period in 2023[5] - Gross profit margin remained stable at 47.5% in 2024, compared to 47.4% in 2023[4] - Basic earnings per share for the six months ended June 30, 2024, were RMB 3.8 cents, up from RMB 1.2 cents in the same period in 2023[4] - The company's net profit attributable to owners for the first half of 2024 was RMB 82.398 million, a 215% increase compared to the same period in 2023[10] - Revenue for the six months ended June 30, 2024, was RMB 1,514,450 thousand, a 10.7% increase compared to RMB 1,367,631 thousand in the same period of 2023[29] - Gross profit for the six months ended June 30, 2024, was RMB 718,899 thousand, an 11.0% increase compared to RMB 647,622 thousand in the same period of 2023[29] - Operating profit for the six months ended June 30, 2024, was RMB 123,833 thousand, a significant increase compared to RMB 36,144 thousand in the same period of 2023[29] - Net profit attributable to the company's owners for the six months ended June 30, 2024, was RMB 82,398 thousand, a 215.3% increase compared to RMB 26,129 thousand in the same period of 2023[29] - Total revenue for the six months ended June 30, 2024, was RMB 1,514,450 thousand, a 10.7% increase compared to RMB 1,367,631 thousand in the same period of 2023[51][52] - Gross profit for the period was RMB 718,899 thousand, an 11.0% increase from RMB 647,622 thousand in 2023[51] - Profit before tax for the six months ended June 30, 2024, was RMB 115,311 thousand, a significant increase from RMB 33,008 thousand in 2023[51] - The company's profit attributable to owners for the six months ended June 30, 2024, was RMB 82,398 thousand, up from RMB 26,129 thousand in the same period in 2023[65] Product Innovation and Market Expansion - The company launched a new Soft Sizing Invisible Bra series in March 2024, which received positive market feedback[7] - The company partnered with the Chinese National Synchronized Swimming Team in March 2024, enhancing brand recognition and aligning with its national brand positioning[7] - The company celebrated its 26th anniversary and 10th anniversary of listing on the Hong Kong Stock Exchange in June 2024, launching a marketing campaign with brand ambassador Xu Dongdong[7] - The company expanded its advertising presence through high-speed rail media, covering over 120 cities and nearly 1,000 premium media spots[7] - The company continued to focus on product innovation, improving quality while reducing production costs to enhance product competitiveness[7] - The company implemented a precise product-channel matching strategy, tailoring product assortments to different store types to meet diverse consumer needs[7] - The company's pure cotton homewear brand achieved a breakthrough in store growth in the first half of 2024, laying a foundation for performance growth[8] - The company's e-commerce business successfully expanded cooperation with joint operators in the first half of 2024, integrating online and offline layouts to increase market share[8] - The company aims to enhance its omnichannel capabilities and improve customer shopping experience through instant retail partnerships with platforms like Meituan and JD Daojia[8] Revenue Breakdown - The company's revenue from intimate apparel products, industrial projects, and logistics for the first half of 2024 was RMB 1.51445 billion, with intimate apparel products accounting for 85.5% of total revenue[11] - The company's GMV from e-commerce platforms reached RMB 230 million in the first half of 2024, contributing to service income[12] - The company's gross margin remained stable at 47.5% in the first half of 2024, with the gross margin of industrial projects and logistics increasing to 37.7%[13] - Revenue from retail sales increased to RMB 643,711 thousand in 2024, up 3.4% from RMB 622,579 thousand in 2023[52] - Revenue from e-commerce decreased to RMB 226,732 thousand in 2024, down 9.1% from RMB 249,553 thousand in 2023[52] - Revenue from industrial project property sales was RMB 171,875 thousand in 2024, a new segment not present in 2023[52] Cost and Expense Management - The company's sales and marketing expenses decreased by 7.7% to RMB 514.693 million in the first half of 2024, primarily due to reduced e-commerce platform service fees and promotional expenses[14] - General and administrative expenses decreased by 10.6% to approximately RMB 83,833,000 (H1 2023: RMB 93,793,000) due to effective cost control measures[15] - Net impairment loss on financial assets was approximately RMB 2,722,000, mainly due to provisions for accounts receivable, while net impairment loss reversal was approximately RMB 33,726,000 due to the reversal of previously provided accounts receivable[16] - Net finance expenses decreased to approximately RMB 8,713,000 (H1 2023: RMB 9,284,000) due to increased interest income and reduced interest expenses on bank loans[16] - Income tax expenses increased to approximately RMB 37,965,000 (H1 2023: RMB 8,451,000), mainly due to land value-added tax expenses of approximately RMB 15,811,000 and the reversal of deferred tax assets[16] - Cost of goods sold decreased to RMB 658,921 thousand in 2024, down 3.5% from RMB 683,130 thousand in 2023[57] - Financial expenses decreased slightly to RMB 12,715 thousand in 2024, compared to RMB 13,022 thousand in 2023[59] - Income tax expense for the six months ended June 30, 2024, was RMB 37,965 thousand, compared to RMB 8,451 thousand in the same period in 2023[60] Cash Flow and Financial Position - As of June 30, 2024, the company's restricted bank deposits, cash, and cash equivalents were approximately RMB 676,317,000 (December 31, 2023: RMB 681,933,000), with bank loans of approximately RMB 462,194,000 (December 31, 2023: RMB 392,480,000)[17] - The company's total debt ratio was 23.1% (December 31, 2023: 20.4%), and the net debt ratio was -10.7% (December 31, 2023: -15.0%), maintaining a net cash position[17] - Capital expenditures for property, plant, equipment, and intangible assets were approximately RMB 33,333,000 (H1 2023: RMB 253,150,000), primarily used for store renovations and refurbishments[22] - Total assets as of June 30, 2024, were RMB 3,838,514 thousand, a slight increase compared to RMB 3,815,517 thousand as of December 31, 2023[30] - Cash and cash equivalents as of June 30, 2024, were RMB 572,174 thousand, a 13.0% increase compared to RMB 506,157 thousand as of December 31, 2023[30] - Inventory as of June 30, 2024, was RMB 664,785 thousand, a 7.8% increase compared to RMB 616,454 thousand as of December 31, 2023[30] - Property, plant, and equipment as of June 30, 2024, were RMB 754,166 thousand, a 24.2% decrease compared to RMB 994,638 thousand as of December 31, 2023[30] - Operating cash flow from operating activities decreased to RMB 68,315 thousand in H1 2024 from RMB 212,578 thousand in H1 2023, a decline of 67.9%[37] - Net cash used in investing activities was RMB 24,986 thousand in H1 2024, significantly lower than RMB 256,662 thousand in H1 2023, a reduction of 90.3%[37] - Net cash from financing activities improved to RMB 29,138 thousand in H1 2024 from a net cash outflow of RMB 23,414 thousand in H1 2023[37] - Cash and cash equivalents increased by RMB 72,467 thousand in H1 2024, compared to a decrease of RMB 67,498 thousand in H1 2023[37] - Ending cash and cash equivalents stood at RMB 572,174 thousand as of June 30, 2024, up from RMB 483,600 thousand as of June 30, 2023[37] Corporate Governance and Shareholder Information - The company's environmental, social, and governance (ESG) report for the year ending December 31, 2024, will be included in the annual report to be published next year[25] - Total equity increased to RMB 2,000,824 thousand as of June 30, 2024, compared to RMB 1,928,439 thousand at the end of 2023[32] - Net profit for the period was RMB 82,398 thousand, contributing to a total comprehensive income of RMB 76,784 thousand[33] - Non-controlling interests decreased to RMB (5,879) thousand from RMB (630) thousand at the end of 2023[32] - Total liabilities decreased to RMB 1,837,690 thousand from RMB 1,887,078 thousand at the end of 2023[32] - Contract liabilities increased significantly to RMB 220,677 thousand from RMB 48,456 thousand at the end of 2023[32] - Loans under current liabilities increased to RMB 312,400 thousand from RMB 162,038 thousand at the end of 2023[32] - Exchange differences on translation of foreign operations resulted in a loss of RMB 3,284 thousand[33] - Fair value changes of equity investments recognized in other comprehensive income amounted to a loss of RMB 2,330 thousand[33] - Equity-settled share-based payments amounted to RMB 850 thousand[33] - Dividends paid to non-controlling interests amounted to RMB 197 thousand[33] - The company's total bank loans increased to RMB 462,194,000 as of June 30, 2024, compared to RMB 392,480,000 as of December 31, 2023, with a corresponding debt-to-equity ratio of 23% (up from 20%)[45][46] - The company's total equity stood at approximately RMB 2,000,824,000 as of June 30, 2024, up from RMB 1,928,439,000 as of December 31, 2023[45] - The fair value of financial assets measured at fair value through other comprehensive income (FVTOCI) under Level 3 was RMB 21,451,000 as of June 30, 2024, down from RMB 24,761,000 as of December 31, 2023[47][48] - The discount rate used in the discounted cash flow (DCF) method for FVTOCI financial assets decreased to 14.9% as of June 30, 2024, from 15.5% as of December 31, 2023[49] - The long-term revenue growth rate assumption for FVTOCI financial assets decreased to 3% as of June 30, 2024, from 6% as of December 31, 2023[49] - The company's operating segments were reclassified, with the industrial projects and logistics services now designated as a major business segment, reflecting increased resource allocation[50] - The company adopted revised IFRS standards, including IFRS 16 amendments on lease liabilities and IAS 1 amendments on classification of liabilities, with no material impact on financial performance[42][43] - The company has recommended an interim dividend of HK$0.011 per share, totaling approximately HK$24,744,000, payable on October 8, 2024[98] - The company will suspend share transfer registration from September 23, 2024, to September 25, 2024, to ensure eligibility for the interim dividend[99] - The company has not purchased, sold, or redeemed any of its listed securities during the six months ended June 30, 2024[101] - The company has confirmed that all directors have complied with the standard code of conduct for securities transactions during the six months ended June 30, 2024[101] - The company has deviated from the Corporate Governance Code by having the same individual serve as both Chairman and CEO since November 30, 2021[100] - The Audit Committee consists of four independent non-executive directors, including Mr. Qiu Zhiming, Dr. Dai Yiyi, Mr. Chen Zhigang, and Dr. Lü Hongde[102] - Mr. Qiu Zhiming, who holds the relevant professional qualifications as required by the Listing Rules, serves as the Chairman of the Audit Committee[102] - The Audit Committee regularly reviews the company's financial data, financial reporting systems, and internal control procedures, including the interim financial data for the six months ended June 30, 2024[102] - The Audit Committee has reviewed the interim results for the six months ended June 30, 2024, and has no objections to the accounting treatments and principles adopted by the company[102] - There were no changes in the company's directors as required to be disclosed under Chapter 13, Section 51B(1) of the Listing Rules during the six months ended June 30, 2024, and as of the date of this interim report[103] Shareholder and Share Information - Mr. Zheng Yaonan and Ms. Wu Xiaoli each hold 800,464,201 shares, representing approximately 35.58% of the company's total issued ordinary shares[85] - TMF (Cayman) Limited holds 1,079,778,852 shares, representing 48.00% of the company's total issued ordinary shares[88] - Da Cheng Investment Limited holds 750,863,402 shares, representing 33.38% of the company's total issued ordinary shares[88] - Yao Li Investment Holdings Limited holds 750,863,402 shares, representing 33.38% of the company's total issued ordinary shares[88] - Da Tong Investment Limited holds 735,018,732 shares, representing 32.68% of the company's total issued ordinary shares[88] - Cai Shaoru holds 222,625,173 shares, representing 9.90% of the company's total issued ordinary shares[88] - Xin Feng Asset Holdings Limited holds 222,625,173 shares, representing 9.90% of the company's total issued ordinary shares[88] - Fidelity China Special Situations PLC holds 157,330,000 shares, representing 6.99% of the company's total issued ordinary shares[88] - The total number of issued ordinary shares as of June 30, 2024, is 2,249,457,213 shares[89] - Datong Investment Limited holds 735,018,732 shares, representing approximately 32.68% of the company's total issued share capital[89] - Fidelity China Special Situations PLC holds 157,330,000 shares in the company[90] - No share options were granted, exercised, expired, canceled, or lapsed under the new share option plan as of June 30, 2024[91] - The trustee holds 70,102,737 shares of the company for the management of the share award plan as of June 30, 2024[92] - The share award plan was amended on June 2, 2023, to incentivize eligible participants for their contributions to the group[92] - The share option plan was terminated on June 2, 2023, and no further share options were granted after this date[91] - The new share option plan, adopted on June 2, 2023, has a validity period of ten years[91] - The share award plan was initially adopted on June 28, 2019, and later amended on June 2, 2023[92] - The trustee for the share award plan was established to manage the trust property related to the plan[92] - The maximum number of shares that may be issued under the new share option plan and share award plan is 224,945,721 shares, representing 10% of the issued shares as of June 2, 2023[97] - The maximum number of shares that may be issued under the service provider sub-limit is 44,989,144 shares, representing 2% of the issued shares as of June 2, 2023[97] - No other share awards were granted apart from those disclosed, and no granted share awards were forfeited or canceled as of June 30, 2024[95] - The company has a standardized performance evaluation system for employees and service providers to assess their contributions and determine the vesting of share awards[94] - The company has not issued any shares under the share award plan during the six months ended June 30, 2024[97] Related Party Transactions and Remuneration - Related party transactions with Shantou Shengqiang and Shantou Maosheng totaled RMB 9,549 thousand for the six months ended June 30, 2024, down from RMB 14,961 thousand in the same period of 2023[81] - Accounts payable and bills payable to related parties increased to RMB 8,198 thousand as of June 30, 2024, up from RMB 1,752 thousand as of December 31, 2023[82] - Total remuneration for directors and key management personnel was RMB 5,776 thousand for the six months ended June 30, 2024, compared to RMB 5,896 thousand for the same period in 2023[83] Assets and Liabilities - The

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Financial Performance - Revenue for the six months ended June 30, 2024, was RMB 1,514,450, an increase of 10.7% compared to RMB 1,367,631 for the same period in 2023[1] - Profit attributable to owners of the company for the same period was RMB 82,398, up 215.5% from RMB 26,129 in 2023[2] - Gross profit margin improved slightly to 47.5% from 47.4% year-on-year[1] - Basic earnings per share increased to RMB 3.8 from RMB 1.2, representing a 216.7% increase[3] - Operating profit for the six months was RMB 123,833, significantly up from RMB 36,144 in 2023[2] - Total comprehensive income for the period was RMB 71,732, compared to RMB 33,549 in the previous year[3] - Other income for the six months ended June 30, 2024, was RMB 9,329,000, an increase of 16.8% from RMB 7,986,000 in 2023[16] - Profit before tax for the group was impacted by the cost of sold inventory amounting to RMB 658,921,000, a decrease of 3.6% from RMB 683,130,000 in 2023[18] - The total income tax expense for the six months ended June 30, 2024, was RMB 37,965,000, compared to RMB 8,451,000 in 2023, reflecting a substantial increase[19] Dividends and Shareholder Returns - The company declared an interim dividend of HKD 1.1 per share, compared to no dividend in the same period last year[1] - The company proposed an interim dividend of HKD 0.011 per share, totaling approximately HKD 24,744,000, compared to no dividend in the previous year[26] - The board has proposed an interim dividend of HKD 0.011 per share, totaling approximately HKD 24,744,000, compared to no interim dividend for the six months ended June 30, 2023[60] Assets and Liabilities - Total assets as of June 30, 2024, were RMB 3,838,514, a slight increase from RMB 3,815,517 at the end of 2023[4] - Cash and cash equivalents increased to RMB 572,174 from RMB 506,157 at the end of 2023[4] - The total liabilities decreased to RMB 1,837,690 thousand as of June 30, 2024, from RMB 1,887,078 thousand as of December 31, 2023, indicating a reduction of approximately 2.6%[5] - The company’s accumulated losses decreased to RMB 151,332 thousand as of June 30, 2024, from RMB 233,730 thousand as of December 31, 2023, reflecting a reduction of approximately 35.2%[5] - The company’s contract liabilities increased to RMB 220,677 thousand as of June 30, 2024, from RMB 48,456 thousand as of December 31, 2023, indicating a significant rise[5] Cash Flow and Financing - The net cash flow from operating activities for the six months ended June 30, 2024, was RMB 68,315 thousand, a decrease of 67.9% compared to RMB 212,578 thousand for the same period in 2023[5] - The company reported a net cash outflow from investing activities of RMB 24,986 thousand for the first half of 2024, significantly improved from RMB 256,662 thousand in the same period of 2023[5] - The company raised RMB 200,000 thousand from bank loans during the first half of 2024, compared to RMB 179,210 thousand in the same period of 2023, showing an increase of 11.5%[5] - The company secured bank loan proceeds of RMB 200,000,000 in the first half of 2024, compared to RMB 179,210,000 in the same period of 2023[35] Revenue Segmentation - Revenue from retail sales reached RMB 643,711 thousand for the six months ended June 30, 2024, compared to RMB 622,579 thousand in 2023, indicating a growth of about 3.0%[15] - The logistics revenue for the six months ended June 30, 2024, was RMB 47,521 thousand, slightly down from RMB 48,345 thousand in 2023, reflecting a decrease of approximately 1.7%[15] - The segment revenue from the "Intimate Apparel Products" division was RMB 1,295,054 thousand for the six months ended June 30, 2024, compared to RMB 1,319,286 thousand in 2023, showing a decline of about 1.8%[14] - The segment revenue from the "Industrial Projects and Logistics" division was RMB 219,396 thousand for the six months ended June 30, 2024, up from RMB 48,345 thousand in 2023, indicating a significant increase[14] Operational Efficiency and Cost Management - Sales and marketing expenses decreased by approximately 7.7% to about RMB 514,693,000, primarily due to changes in e-commerce business strategies[48] - General and administrative expenses reduced by approximately 10.6% to about RMB 83,833,000, attributed to effective cost control measures[50] - The net financial expenses decreased to approximately RMB 8,713,000, mainly due to increased interest income and reduced interest expenses on bank loans[52] Strategic Initiatives and Market Positioning - The company plans to continue allocating additional resources to logistics services and industrial project development, reaffirming these as key business areas[6] - The company is focusing on expanding its e-commerce business through successful partnerships, which has improved market share and operational performance[44] - The company is enhancing its market insight to better understand consumer needs and is developing differentiated products to meet diverse market demands[39] - The company is implementing a five-star shopping guide system to enhance customer service experience[43] - The company aims to optimize its channel layout and improve single-store competitiveness through a "big province battle" strategy[42] Human Resources and Corporate Governance - As of June 30, 2024, the group had approximately 2,300 full-time employees, down from 2,600 as of December 31, 2023[58] - The company has adhered to the corporate governance code, with the exception of a specific guideline regarding the separation of the roles of chairman and CEO[62] - The board of directors includes executive directors Zheng Yao Nan, Zhang Sheng Feng, Wu Xiao Li, Xian Shun Xiang, and Zhu Hong Bo, as well as non-executive directors Lin Zong Hong and Kong Xiang Ying, and independent non-executive directors Qiu Zhi Ming, Dai Yi Yi, Chen Zhi Gang, and Lv Hong De[68] Environmental and Social Responsibility - The company has committed to environmental sustainability through compliance with regulations and operational practices, as detailed in its environmental, social, and governance report[59]

Financial Performance - The profit attributable to the owners of the company for the year ended December 31, 2023, was approximately RMB 42,483,000, an increase of 28.5% compared to RMB 33,024,000 in 2022[9]. - In 2023, the total revenue of the company was approximately RMB 2,757,081,000, a decrease from RMB 3,008,760,000 in 2022, reflecting a decline of about 8.3%[23]. - Offline sales through self-operated and franchised stores accounted for 76.9% of total revenue in 2023, with self-operated store sales reaching RMB 1,212,137,000, up from RMB 1,030,402,000 in 2022, representing a growth of 17.6%[23]. - The gross profit margin increased to approximately 47.5% in 2023, compared to 46.4% in 2022, due to improved supply chain management and reduced sales discounts[25]. - Sales and marketing expenses decreased by approximately 9.2% to about RMB 1,103,187,000 in 2023, down from RMB 1,215,244,000 in 2022, primarily due to the termination of consignment arrangements and more effective marketing strategies[26]. - General and administrative expenses decreased by approximately 7.6% to about RMB 194,961,000 in 2023, down from RMB 211,094,000 in 2022, attributed to streamlined corporate structure and cost control measures[28]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion in the last fiscal year, representing a growth of 15% year-over-year[47]. - The company has provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[55]. Market Expansion and Strategy - The company opened over 800 new franchise and joint venture stores in 2023, representing a year-on-year increase of over 70%[14]. - The company launched several new products in 2023, including the "塑顏C," "蜜桃杯," and "聚薄杯," which received positive market feedback[14]. - The company has implemented a multi-brand strategy to cater to different market segments, enhancing its brand positioning and coordination[13]. - The total number of stores has significantly increased as part of the county and town market expansion strategy[14]. - The company aims to enhance brand strength and product innovation, with a focus on consumer demand and efficient channel matching to drive future growth[16]. - Market expansion plans include entering three new international markets by the end of the next fiscal year, targeting a 30% increase in international sales[47]. - The company is considering strategic acquisitions to enhance its supply chain efficiency, with a budget of 100 million allocated for potential mergers and acquisitions[47]. Digital Transformation and Operational Efficiency - The digital transformation initiatives included the establishment of a comprehensive consumer management platform and B2B system, aimed at improving operational efficiency[15]. - The company has focused on supply chain management improvements to enhance product quality and reduce costs[14]. - The overall marketing strategy has been optimized to improve marketing efficiency and enhance customer experience in stores[13]. - The company continues to enhance its online and offline integration, utilizing platforms like JD and Meituan for real-time sales and customer engagement[14]. - The company has reported a 5% improvement in operational efficiency due to recent process optimizations[47]. Financial Position and Debt Management - The total debt ratio increased to approximately 20.4% as of December 31, 2023, compared to 17.3% in 2022, primarily due to an increase in bank loans[32]. - The company continues to maintain a net cash position, with a net debt ratio of approximately negative 15.0% as of December 31, 2023[32]. - The net financial expenses decreased to approximately RMB 22,576,000 in 2023 from RMB 27,137,000 in 2022, mainly due to reduced interest expenses on bank loans[30]. Employee and Workforce Management - The group had approximately 2,600 full-time employees as of December 31, 2023, down from 3,000 the previous year, indicating a reduction in workforce[41]. - The total number of employees as of December 31, 2023, is 2,607, a decrease from 3,003 in 2022, reflecting a reduction of approximately 13.1%[126]. - The gender distribution of employees shows 1,989 females and 618 males, with females making up about 76.2% of the workforce[126]. - The company emphasizes the importance of employee welfare and has implemented various initiatives to promote a fair and inclusive work environment[123]. - The employee turnover rate increased to 15.19% in 2023 from 9.89% in 2022, with a notable rise in turnover among employees under 30 years old, reaching 23.29%[129]. - The company received the "Best Employer in China 2023" award at the 18th Employer Branding Promotion Conference, highlighting its commitment to employee development and social responsibility[133]. Corporate Governance and Compliance - The company emphasizes high standards of corporate governance, adhering to the principles outlined in the Hong Kong Stock Exchange's Corporate Governance Code[59]. - The board has established a mechanism to ensure the independence of directors, which is crucial for effective corporate governance[69]. - The company conducts regular reviews of its governance framework to ensure its effectiveness, including the implementation of independence mechanisms[72]. - The board is responsible for overseeing the company's long-term strategy and performance, ensuring accountability to shareholders[67]. - The company has established a nomination policy to ensure the selection of qualified candidates for the board, considering factors such as diversity, integrity, and relevant experience[85]. Environmental, Social, and Governance (ESG) Initiatives - The company is committed to achieving carbon neutrality by 2060, integrating this goal into its business operations[111]. - The company has established an Environmental, Social, and Governance (ESG) working group to assist in data collection and report preparation[112]. - The company aims to balance economic success with stakeholder expectations and environmental needs[116]. - The company has identified key ESG issues through a systematic annual materiality assessment, focusing on governance, environmental protection, employment practices, operational norms, and community investment[121]. - The company is committed to compliance with labor laws and regulations, ensuring fair treatment and opportunities for employees[181]. Product Quality and Customer Satisfaction - The company implemented a comprehensive set of product quality and safety procedures, ensuring no customer privacy-related complaints were received in 2023[148]. - The return rate for sold or shipped products due to quality or other complaints remained below 0.003%, which is lower than the industry average[150]. - The company achieved ISO 9001:2015 certification, reaffirming its commitment to consistent quality products and services[149]. - The company has developed a "400 hotline service process" to enhance customer satisfaction and track service quality through customer feedback[150]. Community Engagement and Corporate Social Responsibility - The company participated in five volunteer projects in 2023, with employees contributing approximately 75 hours of volunteer work[174]. - The company donated warm clothing and essentials to the earthquake-affected area in Gansu, China, following a 6.2 magnitude earthquake on December 18, 2023[176]. - The company will maintain close contact with local NGOs to monitor donation progress and ensure accountability in community investment efforts[177].

日前，主打“舒适之上，有型无痕”的都市丽人软尺码隐形内衣新品正式上市，引发消费者广泛关注。3月28日起，24年春夏全系列500余款新品均同步上线京东小时达，为消费者提供“线上下单、门店发货、商品最快30分钟达”的即时消费服务。与此同时，即日起至31日，京东小时达还为意向选购系列新品的消费者送出低价优惠，新品“满159减25”，且下单满29元即免运费。同时购买其他系列产品还享全场“满100减10”优惠。 消费者前往京东App内点“小时达”频道进入，搜索关键词“都市丽人”，即可选购下单500余款全系列新品，包括备受欢迎的冠军同款内衣，还有男士睡衣、女士睡裙等春夏新品。并由由达达快送骑士30分钟内配送上门，足不出户购买到心仪的内衣新品。 都市丽人本次主打的软尺码隐形内衣，被誉为开启了“内衣3.0时代”。通过记忆科技实现快速回弹，自适应身体曲线，让用户实现定制化的舒适贴身体验。以“薄而有型 舒适不厚”的聚薄杯为例，该产品聚薄杯清爽透气，软钢托薄而有型，并因“冠军同款”带来的影响力加持，一经上线就受到广泛追捧。在京东小时达上也是备受用户青睐的爆款产品。 刚刚收货的魏女士表示，自己对内 ...

2023年的一份年报，让都市丽人(02298)有望在2024年迎来价值重估。 3月27日，都市丽人发布了2023年全年业绩报告。财报数据显示，2023年，该公司录得营收27.57亿元，归母净利润为4248.3万元，同比增长29%。与此同时，随着公司“百城千店战役”持续推进，都市丽人门店规模迈入新的一阶，期内加盟/联营新开门店826家(同比增长71%)，全国门店数量超4300家(同比增长7.4%)。 在这里，还有两大关键财务指标值得注意——一是，盈利能力的持续提升，期内毛利率提升1.1个百分点至47.5%;二是经营活动现金流大幅改善，由2022年的2.31亿元增加至2023年的3.83亿元。 也就是说，在这一张财报中，都市丽人成功的实现了净利润、毛利率及经营现金流的等核心财务指标的多项成长，进而反映出企业更强的财务弹性和更高的盈利品质。 关于反映盈利能力提升的重要指标毛利率的增长，都市丽人归功于——“公司通过持续提高供应链管理、商品营运及商品企划能力，进而促使2023年商品售罄及折扣同比不断改善”这一主要原因，事实上，如果从更深层次的角度来看，则意味着公司战略布局的行之有效性。 报告期内，都市丽人主要围绕产品品 ...

智通财经APP获悉，2023年3月27日，都市丽人(02298)发布了2023年年度业绩报告，财报数据显示,2023年全年，都市丽人营收27.6亿元，归母净利润4248.3万元，同比增长29%，毛利率提升约1%;经营活动所得现金净流入由2022年全年约2.31亿元，上升至2023年全年约人民币3.83亿元;2021年及以前库存对比期初减少3.0亿元成本。 2023年，都市丽人持续深化“国民内衣全国销量领先”的品牌定位，对品牌、产品、供应链、渠道等进行升级优化，坚定打造好而不贵的国民内衣，并通过一系列改革举措的实施，品牌盈利能力持续增强。 随着深度改革的推进，2023年都市丽人盈利持续提升，整体售罄率明显提高。 ...

智通财经APP讯，都市丽人(02298)发布截至2023年12月31日止年度业绩，该集团期内取得收入27.57亿元(人民币，下同)，;公司拥有人应占年内利润4248.3万元，同比增加28.64%;每股基本盈利1.94分。 2023年是新冠疫情管控放开后的第一年，也是挑战与机遇并存的一年，国际形势依然复杂严峻，国内经济呈波动式复苏态势。在此背景下，集团坚守“三大初心”：做好而不贵的内衣;让每一个加盟商盈利，让集团的员工真心诚意的服务好每一个加盟商和消费者，应时而变，从品牌、产品、渠道、数字化建设等方面积极采取措施，以提升整体实力及业绩表现。 于2023年，集团的毛利率上升至约47.5%(2022年：46.4%)，主要是由于供应链管理、产品营运及产品规划能力持续改善，导致产品售罄增加及销售折扣减少。 ...

Financial Performance - The company's total revenue for the year ended December 31, 2023, was RMB 2,757,081 thousand, a decrease from RMB 3,008,760 thousand in 2022, representing a decline of approximately 8.3%[2] - Gross profit for the year was RMB 1,308,659 thousand, down from RMB 1,396,752 thousand in the previous year, indicating a decrease of about 6.3%[2] - The net profit attributable to equity holders for the year was RMB 40,686 thousand, compared to RMB 24,024 thousand in 2022, reflecting an increase of approximately 69.2%[5] - Basic and diluted earnings per share for the year were both RMB 1.94, up from RMB 1.51 in the previous year, marking an increase of about 28.5%[1] - Operating profit for the year was RMB 66,605 thousand, down from RMB 81,529 thousand in 2022, a decrease of approximately 18.3%[2] - The company reported a total comprehensive income of RMB 34,501 thousand for the year, significantly higher than RMB 13,493 thousand in 2022, representing an increase of approximately 156.5%[2] - Financial income increased to RMB 7,618 thousand from RMB 6,700 thousand, showing a growth of about 13.7%[2] - For the fiscal year ending December 31, 2023, total revenue was RMB 2,757,081,000, a decrease of 8.34% from RMB 3,008,760,000 in 2022[30] - Retail sales accounted for RMB 1,212,137,000, down from RMB 1,266,975,000, representing a decline of 4.3%[30] - E-commerce revenue decreased significantly to RMB 524,119,000 from RMB 675,736,000, a drop of 22.4%[30] - The net profit attributable to the company's owners for 2023 was RMB 42,483,000, an increase of 28.5% compared to RMB 33,024,000 in 2022[39] - Basic earnings per share rose to RMB 1.94 from RMB 1.51, reflecting a growth of 28.5%[39] Cash Flow and Assets - Operating cash flow for the year was RMB 383,443,000, compared to RMB 235,967,000 in the previous year, indicating a significant increase[44] - Total assets as of December 31, 2023, were RMB 3,815,517 thousand, compared to RMB 3,481,763 thousand in 2022, indicating an increase of approximately 9.6%[18] - The company’s cash and cash equivalents decreased to RMB 506,157 thousand from RMB 554,083 thousand, a decline of about 8.6%[18] - Total liabilities as of December 31, 2023, were RMB 751,436,000, up from RMB 613,185,000 in 2022[41] - The company reported a total of RMB 296,822,000 in accounts payable as of December 31, 2023, down from RMB 359,700,000 in the previous year[97] - The company’s accounts receivable from third-party customers amounted to RMB 330,202,000 as of December 31, 2023, a slight decrease from RMB 339,050,000 in 2022[66] - The company has increased bank loans to RMB 392,480,000 as of December 31, 2023, from RMB 331,502,000 in 2022, primarily to fund a new project in Dongguan, Guangdong[144] Expenses and Cost Management - The company received government grants totaling RMB 3,653,000, a decrease from RMB 4,239,000 in the previous year[32] - The company reported a decrease in marketing and promotion expenses to RMB 132,082,000 from RMB 161,351,000, a reduction of 18.1%[35] - General and administrative expenses decreased by approximately 7.6% to RMB 194,961,000, down from RMB 211,094,000 in 2022, attributed to streamlined operations and cost control measures[140] - The company's sales and marketing expenses decreased by approximately 9.2% to about RMB 1,103,187,000, compared to RMB 1,215,244,000 in 2022, primarily due to the cessation of commission payments related to franchise store arrangements[114] Strategic Initiatives - The company plans to continue expanding its market presence and investing in new product development to drive future growth[9] - The company aims to enhance overall strength and performance through measures in branding, product development, channel management, and digital construction[73] - The company has implemented a multi-brand strategy, aligning its brands to meet diverse consumer demands across different market segments[74] - The company has strengthened its supply chain management capabilities, focusing on material development innovation and continuous optimization of procurement and production processes[77] - The company has completed several key digital transformation projects, including a comprehensive consumer management platform and a B2B system platform, laying a solid foundation for operational efficiency[80] - The company aims to create "good yet affordable" products by focusing on innovation in materials, technology, and design, while collaborating with suppliers to enhance product competitiveness[76] - The company aims to enhance brand strength and product quality in 2024, with a focus on consumer demand-driven product innovation[110] - The company is advancing a "thousand-store campaign" to strengthen brand power and sales scale while optimizing market layout[110] - The company plans to enhance customer in-store experience through upgraded fitting room designs and improved service functionalities[130] - The company aims to build a comprehensive consumer platform to leverage the value of over 60 million members for precise marketing promotions[131] Governance and Compliance - The company has adopted the "Standards for Directors Conducting Securities Transactions" as per the Listing Rules, ensuring compliance by all directors for the fiscal year ending December 31, 2023[154] - The board of directors does not recommend the payment of a final dividend for the fiscal year ending December 31, 2023, consistent with the previous year[155] - The audit committee reviewed the accounting standards and internal controls for the fiscal year ending December 31, 2023, ensuring financial reporting integrity[153] - The board is composed of four independent non-executive directors, ensuring a balanced governance structure[159] - The audit committee consists of independent directors, enhancing oversight and governance[159] - The chairman and CEO roles are held by the same individual, Zheng Yaonan, who has significant experience in the industry[152] - The company has implemented sufficient safeguards to ensure the balance of power within the board, despite the dual role of the chairman and CEO[152] Market and Product Development - In 2023, the company opened over 800 new franchise and joint venture stores, representing a year-on-year increase of over 70%[78] - The company launched several new products in 2023, including "塑颜C," "蜜桃杯," and "高弹裤," which received positive market feedback[105] - The B2B system platform was further upgraded, adding features for product marketing and inventory management, leading to continuous growth in B2B order volume[109] - The company is in the integration phase of its e-commerce business, which generated RMB 524,119,000 in revenue, accounting for 19.0% of total sales[136] Future Outlook - The company will publish its annual performance report on March 27, 2024, detailing the fiscal year results[156]

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。 Cosmo Lady (China) Holdings Company Limited 都 市 麗 人（ 中 國）控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號︰2298） 有 關 截 至 二 零 二 二 年 十 二 月 三 十 一 日 止 年 度 年 報 的 補 充 公 告 茲提述都市麗人（中國）控股有限公司（「本公司」，連同其附屬公司統稱「本集團」） 截至二零二二年十二月三十一日止年度的年報（「二零二二年年報」）及本公司 日期為二零一九年六月二十八日的公告，內容有關本公司採納股份獎勵計劃 （「二零一九年公告」）。除文義另有所指外，本公告所用詞彙與二零二二年年報 及二零一九年公告所界定者具有相同涵義。 除二零二二年年報中載列的資料外，根據香港聯合交易所有限公司證券上市 規則（「上市規則」）第17章，本公司謹此補充以下有關本公司於二零一九年六月 二十八日採納的股份獎勵計劃（「二零 ...