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。 PARKSON RETAIL GROUP LIMITED 百 盛 商 業 集 團 有 限 公司 （於開曼群島註冊成立的有限公司） 3368 （股份代號： ） 截至二零二三年六月三十日止六個月的中期業績 摘要 2,218.2 1,993.4 期內經營收益總額為人民幣 百萬元，較去年同期的人民幣 百萬元增 11.3% 長 。 4.9% 期內同店銷售（「同店銷售」）增長 。 5,365.5 期內銷售所得款項總額（「銷售所得款項總額」）（含增值稅）為人民幣 百萬 7.3% 元，同比增長 。 264.8 2.7 期內經營利潤為人民幣 百萬元，較去年同期的人民幣 百萬元增加人民幣 262.1 百萬元。 63.1 期內本公司所有人應佔利潤為人民幣 百萬元，而去年同期錄得本公司所有人 ...

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 部分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。 PARKSON RETAIL GROUP LIMITED 百 盛 商 業 集 團 有 限 公司 （於開曼群島註冊成立的有限公司） 3368 （股份代號： ） 截至二零二三年三月三十一日止三個月 的未經審核第一季度業績公告 百盛商業集團有限公司（「本公司」）董事會（「董事會」）欣然宣佈本公司及其附屬公 司（以下統稱「本集團」）截至二零二三年三月三十一日止三個月的未經審核綜合業 績，連同二零二二年同期之未經審核比較數字如下。 Parkson 本集團未經審核的季度業績乃為有關本公司於馬來西亞的控股公司 Holdings Berhad Bursa Malaysia Securities Berhad 根據 主板上市規則的要求而刊發。本 13.09 公佈乃根據香港聯合交易所有限公司證券上市規則的 條規定作出。 摘要 1,106.0 截至二零二三年三月三十一日止三個月，經營收益總額為人民幣 百萬元， 11.0 1. ...

Business Operations - As of December 31, 2022, Parkson operated 42 stores and 2 Parkson Newcore City Malls across 28 cities in the PRC and Laos[11] - The Group operates primarily in the retail segment, with significant revenues generated from direct sales and concessionaire sales in the PRC[66] - The Group operates primarily in China, focusing on department stores, shopping malls, outlets, and supermarkets, with revenue sources including self-operated sales, commission from franchised counters, consulting and management service fees, and rental income from tenants[68] - The Group's principal activities include operating a network of department stores, shopping malls, outlets, and supermarkets primarily in the People's Republic of China, along with providing credit services in Malaysia[147] - The Group's strategic focus includes expanding its store formats, including department stores, shopping malls, and concept stores like "Parkson Beauty"[115] - The Group plans to open a new store in Nanchang County, Jiangxi Province in the fourth quarter of 2023, which will be its fourth store in Jiangxi[124] - The Group's strategy of "Multiple Stores in a City" aims to increase market share by reaching more customers with diverse consumption habits[124] - The Group closed two stores in Shanxi Province in 2022 to improve resource utilization efficiency[124] Financial Performance - In 2022, China's GDP reached RMB121.0 trillion, representing a 3% increase from 2021[15] - Total retail sales of consumer goods in China decreased by 0.2% year-on-year in 2022[15] - The Group's performance in 2022 was weaker compared to the previous year due to pandemic-related challenges and soft consumer market dynamics[18] - In 2022, total GSP (including VAT) decreased by 22.6% to RMB 9,216.8 million, primarily due to a 22.8% decline in same-store sales (SSS)[25] - Total merchandise sales (excluding VAT) fell by RMB 2,253.1 million or 23.4% to RMB 7,358.8 million, with licensed counter sales dropping by 24.5% and direct sales decreasing by 20.7%[25] - Total operating revenues decreased by RMB989.8 million or 20.9% to RMB3,748.7 million in 2022, primarily due to a decrease in revenue from contracts with customers, which fell by RMB866.5 million or 23.3%[56] - The Group's merchandise gross margin decreased from 14.2% in 2021 to 13.5% in 2022[55] - The loss attributable to owners of the Company for 2022 was RMB413.2 million, compared to a loss of RMB176.0 million in 2021[60] - Basic loss per share for 2022 was RMB(0.157), compared to RMB(0.067) in 2021[60] - The Group recorded gross sales proceeds of RMB9,218.8 million for the year, representing a decrease of 22.6% compared to the previous year, primarily due to a decline in Same-Store Sales (SSS)[115] - Same-Store Sales (SSS) declined by 22.8%, mainly impacted by COVID-19[115] - The Group recorded a loss from operations of RMB11.0 million for 2022 compared to a profit of RMB323.6 million in 2021[127] - Loss from operations as a percentage of GSP was (0.1%) in 2022, while profit from operations was 3.0% in 2021[127] Cost Management - The Group implemented cost control measures, including lowering rental and operating costs, to mitigate the impact of the COVID-19 pandemic[9] - The Group's strategy includes cost control measures such as reducing rent and operating costs while promoting online platforms to stimulate consumer spending[46] - Operating expenses for the Group decreased, with the purchase of goods and changes in inventories down by RMB 466.1 million or 20.1% to RMB 1,850.1 million[29] - Staff costs decreased by RMB 43.8 million or 7.5% to RMB 536.6 million, attributed to the closure of unprofitable businesses[29] - Depreciation and amortization decreased by 8.3% from RMB 658.9 million in 2021 to RMB 604.3 million in 2022, with depreciation on right-of-use assets recognized at RMB 402.9 million[29] - Rental expenses decreased by RMB42.3 million or 73.5% to RMB15.2 million in 2022 from RMB57.5 million in 2021[127] - Other operating expenses decreased by 6.1% to RMB753.5 million in 2022 from RMB802.0 million in 2021[127] Market Outlook - The Group remains optimistic about market prospects despite ongoing uncertainties, driven by urbanization and improving living standards in China[15] - The Group plans to leverage its extensive retail market experience to achieve stable and sustainable performance post-COVID-19[22] - Future outlook includes potential market expansion and adaptation to changing consumer behaviors post-COVID-19[118] Employee Management - As of December 31, 2022, the total number of employees was 4,055, with competitive compensation aligned with market standards and performance-based rewards[69] - The Group emphasizes employee training and development, establishing a structured performance evaluation and promotion system, along with diverse training programs to enhance skills and capabilities[138] - In 2022, the average training hours completed per employee were 9.7 hours for senior management, 7.2 hours for middle management, and 6.8 hours for basic level employees[142] - The Group launched an online training course in 2022 focused on "Career planning and company strategy," providing comprehensive guidance to employees on integrating personal career development with company strategy[140] - The Group has a structured salary, incentives, and bonus scheme to reward employee performance[69] Risk Management - The Group is actively applying for government pandemic prevention allowances and tax incentives to minimize financial impacts[9] - The Group's business transactions are mainly denominated in Renminbi, minimizing exposure to foreign exchange risk, with hedging instruments used as necessary[69] - The Group's treasury policies include the use of swaps and forwards to hedge against interest rate fluctuations[69] - The Group is committed to maintaining a competitive workforce while ensuring financial stability through effective risk management strategies[69] Corporate Governance - The Group's strategic operations are overseen by Tan Sri Cheng Heng Jem, who has over 50 years of experience in various industries, including retail and credit financing[70] - Li Bing was appointed Chief Operating Officer in July 2022, bringing extensive experience from state-owned enterprises and a long tenure with the Group since 1996[80] - The appointment of a new Chief Financial Officer in February 2023 aims to strengthen financial oversight and compliance[112] - The Company maintained appropriate insurance cover for potential losses or liabilities incurred by Directors during the year ended December 31, 2022[176] - The Directors were not involved in any competing business interests during the year ended December 31, 2022[176] Community Engagement - The Group's charity activities in 2022 included donations to the Qingdao Foundation for the Disabled, demonstrating its commitment to vulnerable groups[146] - The Group's stores nationwide conducted multiple community service activities in 2022, promoting cultural communication and environmental protection[143] - The Group's environmental initiatives included a public education lecture on biodiversity conservation held on Earth Day 2022[144]

Financial Performance - For the third quarter of 2022, the total operating revenue decreased by 10.5% to RMB 932.2 million compared to the same period last year[3]. - Same-store sales declined by 11.7% in the third quarter of 2022, and for the nine months ended September 30, 2022, same-store sales decreased by 18.3%[3]. - Operating profit for the third quarter of 2022 was RMB 29.9 million, a significant drop of 89.4% compared to RMB 62.0 million in the same quarter last year[3]. - The company reported a loss attributable to owners of the company of RMB 266.6 million for the nine months ended September 30, 2022, compared to a loss of RMB 42.9 million in the previous year[3]. - The total sales revenue for Q3 2022 was RMB 2,263.5 million, a decrease of 12.0% year-over-year, while the total sales revenue for the nine months ended September 30, 2022, was RMB 7,265.9 million, down 17.7% compared to the previous year[27]. - Operating profit for Q3 2022 was RMB 29.9 million, and for the nine months ended September 30, 2022, it decreased by 89.4% to RMB 32.7 million, primarily due to a decline in revenue[31]. - The company reported a loss attributable to owners of RMB 69.0 million for Q3 2022 and RMB 266.6 million for the nine months ended September 30, 2022, impacted by challenges from the pandemic and macroeconomic fluctuations[33]. - Total operating expenses for the nine months ended September 30, 2022, were RMB 1,439.1 million, a slight decrease of 0.4% compared to RMB 1,444.3 million in the same period last year[30]. Revenue Sources - Revenue from customer contracts accounted for 76.9% of total operating profit, including self-operated sales, commission from licensed counters, and consulting and management service fees[27]. - The total sales from licensed counters for the nine months ended September 30, 2022, was RMB 4,137.8 million, representing 71.0% of total sales, while direct sales accounted for RMB 1,685.9 million or 29.0%[29]. Cash Flow and Assets - The net cash flow from operating activities for the nine months ended September 30, 2022, was RMB 295.3 million[15]. - The net cash flow from investing activities for the same period was RMB 680.2 million[16]. - The cash and cash equivalents at the end of the period increased to RMB 1,676.9 million from RMB 925.2 million at the beginning of the period[20]. - Non-current assets as of September 30, 2022, totaled RMB 8,789.0 million, down from RMB 9,436.6 million as of December 31, 2021[7]. - Total liabilities as of September 30, 2022, were RMB 5,538.9 million, compared to RMB 3,633.3 million as of December 31, 2021[12]. Business Operations - The company operates 40 department stores across 28 cities in China, including concept stores like "Parkson Beauty" and various other retail formats[33]. - The decline in operating profit was mainly attributed to the decrease in revenue from customer contracts[31]. - The company experienced a significant drop in both sales and operating profit due to the ongoing challenges posed by the pandemic and economic uncertainties[33].

Financial Performance - Total operating revenues for the period amounted to RMB1,993.4 million, representing a decrease of 19.8% compared to RMB2,486.0 million for the corresponding period last year[17] - Same store sales ("SSS") for the period decreased by 20.9%[17] - Total gross sales proceeds ("GSP") for the period were RMB5,002.3 million, representing a year-on-year decrease of 20.0%[17] - Profit from operations for the period was RMB2.7 million, representing a decrease of RMB244.7 million or 98.9% compared to RMB247.4 million for the corresponding period last year[17] - Loss attributable to owners of the Company for the period was RMB197.5 million, compared to a profit of RMB7.0 million recorded for the corresponding period last year[17] - For the six months ended June 30, 2022, the company reported a loss of RMB 196,832,000 compared to a profit of RMB 10,826,000 in the same period of 2021, indicating a significant decline in performance[34] - Total comprehensive expense for the period was RMB 305,467,000, a stark contrast to the comprehensive income of RMB 26,276,000 reported in the previous year[34] Revenue Breakdown - Revenue from contracts with customers for the six months ended June 30, 2022, was RMB 1,547,589, a decrease of 24% from RMB 2,033,814 in the same period of 2021[61] - Direct sales revenue amounted to RMB 1,155,058, down 22% from RMB 1,474,991 in the previous year[63] - Commissions from concessionaire sales were RMB 386,754, representing a decline of 26% compared to RMB 523,116 in 2021[66] - Gross revenue from concessionaire sales decreased to RMB 2,872,126, down 21% from RMB 3,627,459 in the prior year[66] - The Group's revenue from credit services was RMB 32,431, a minor decrease from RMB 33,859 in 2021[61] Operating Expenses - Operating expenses totaled RMB 1,990,702, down from RMB 2,238,581 in the prior year, reflecting a decrease of 11.1%[32] - Total staff costs for the six months ended June 30, 2022, were RMB 280,851, a decrease of 2.0% from RMB 288,008 in 2021[72] - Total rental expenses for the same period were RMB 12,828, significantly down from RMB 46,305 in 2021, primarily due to COVID-19 related rent concessions[72] - The company reported finance costs of RMB 217,673, compared to RMB 259,459 in the same period of 2021[32] Assets and Liabilities - Non-current assets decreased from RMB 9,436,636,000 as of December 31, 2021, to RMB 9,120,044,000 as of June 30, 2022, reflecting a reduction in property, plant, and equipment[38] - Current liabilities decreased from RMB 4,628,155,000 at the end of 2021 to RMB 2,867,371,000 by June 30, 2022, indicating improved liquidity management[38] - The company's total equity decreased from RMB 4,056,674,000 to RMB 3,749,903,000, reflecting a decline in net assets[40] - The company reported a decrease in inventories from RMB 489,619,000 to RMB 434,030,000, suggesting improved inventory management[38] Cash Flow and Liquidity - Cash and cash equivalents increased significantly from RMB 925,162,000 at the end of 2021 to RMB 1,749,323,000 by June 30, 2022, enhancing the company's cash position[38] - Cash generated from operating activities for the six months ended June 30, 2022, was RMB 260,730,000, a decrease from RMB 364,425,000 in the same period of 2021[45] - Net cash flows generated from operating activities were RMB 213,899,000, compared to RMB 284,841,000 in the previous year[45] - The net increase in cash and cash equivalents for the six months ended June 30, 2022, was RMB 55,346,000, contrasting with a net decrease of RMB (912,947,000) in the same period of the previous year[48] Financial Position - The Group's total cash and cash equivalents reached RMB 1,749,323,000, up from RMB 925,162,000, marking an increase of 89.0%[146] - The Group's secured bank loans denominated in HK$ totaled RMB 2,195,811,000 as of June 30, 2022, compared to RMB 1,726,771,000 as of December 31, 2021, indicating a significant increase[158] - The Group's bank credit facilities of RMB 117,683,000 were unutilized as of June 30, 2022, down from RMB 2,276,980,000 as of December 31, 2021, reflecting a substantial reduction in available credit[158] Impairments and Losses - The company incurred an impairment of goodwill amounting to RMB 7,585,000 during the reporting period[45] - The Group reported a foreign exchange loss of RMB 21,805,000 during the period[45] - The loss on disposal of property, plant, and equipment and investment properties was RMB 1,497 for the six months ended June 30, 2022[72] Market Conditions - The Group's business has been adversely affected by the recurrence of the COVID-19 pandemic in various cities in the PRC since early 2022, contributing to uncertainties in the global economic environment[200]

Financial Performance - The total operating revenue for the three months ended March 31, 2022, was RMB 1,117.0 million, a decrease of RMB 186.8 million or 14.3% compared to the same period last year[3]. - Same-store sales declined during the same period, contributing to a total sales revenue (including VAT) of RMB 2,895.6 million, down from RMB 3,356.0 million in the previous year[3]. - Operating profit for the three months was RMB 71.4 million, a decrease of RMB 46.3 million or 39.3% from RMB 117.7 million in the same period last year[3]. - The company reported a loss attributable to owners of RMB 30.1 million, compared to a profit of RMB 0.4 million in the same period last year[3]. - Total sales revenue for the three months ended March 31, 2022, was RMB 2,895.6 million, a decrease of 13.7% compared to the same period last year, primarily due to a decline in same-store sales[25]. - Same-store sales decreased by 19.1% for the three months ended March 31, 2022, attributed to the impact of COVID-19 variants in China[25]. - Operating profit for the three months ended March 31, 2022, was RMB 71.4 million, a decrease of RMB 46.3 million or 39.3% from RMB 117.7 million in the same period last year[29]. - Total operating expenses, excluding procurement of goods and inventory changes, decreased by RMB 23.0 million or 4.6% to RMB 479.3 million for the three months ended March 31, 2022[28]. - Revenue from customer contracts accounted for 79.4% of total operating profit, decreasing by 3.6% compared to the same period last year[27]. - The company recorded a loss attributable to shareholders of RMB 30.1 million for the three months ended March 31, 2022, compared to a profit of RMB 0.4 million in the same period last year, a decrease of RMB 30.5 million[32]. - Operating profit decreased primarily due to reduced revenue from customer contracts, including self-operated sales and consulting services[27]. Assets and Liabilities - Non-current assets as of March 31, 2022, totaled RMB 9,351.2 million, slightly down from RMB 9,436.6 million as of December 31, 2021[6]. - Current assets amounted to RMB 2,906.2 million, compared to RMB 2,881.5 million at the end of the previous year[6]. - Total liabilities decreased to RMB 5,545.1 million from RMB 5,633.3 million as of December 31, 2021[8]. - The net cash flow from operating activities was a negative RMB 87.7 million for the period[13]. - Cash and cash equivalents at the end of the period were RMB 1,523.5 million, up from RMB 925.2 million at the beginning of the period[20]. Impact of COVID-19 - The company experienced significant impacts on financial metrics due to COVID-19 variants affecting operations in China[3]. - The company remains optimistic about the overall industry outlook despite challenges from the pandemic and macroeconomic instability[32]. Store Operations - The company operates 43 Parkson stores across 30 cities, including the newly opened Parkson Beauty in Wenzhou[32]. - Direct sales accounted for 27.9% of total sales, down 17.6% from the previous year, while licensed counter sales accounted for 72.1%, down 13.9%[30].

Business Operations and Expansion - As of December 31, 2021, Parkson operated and managed 43 stores across 30 cities in China, including department stores, shopping malls, and supermarkets[3]. - New store openings included Sichuan Shishang Parkson Outlets in December 2021 and Wuzhou Sanqi Parkson in September 2021, contributing to the Group's expansion efforts[13]. - New store openings included Datong Parkson and Wuzhou Sanqi Parkson in January and September 2021, respectively[26]. - "Parkson Changfa Hui" commenced trial operations on December 31, 2021, as part of the Group's expansion strategy[26]. - Parkson opened its second department store in Datong City, Shanxi Province in January 2021, enhancing its retail portfolio with a "department store and shopping mall complex" model[29]. - The fourth store in Guangxi Zhuang Autonomous Region, "Wuzhou Sanqi Parkson," commenced service in September 2021, integrating office, residence, hotel, F&B, retail, and entertainment[29]. - The Group signed a Tenancy Agreement for a new store in Yichun City, Jiangxi Province, expected to open in 2022, which will be the third store in Jiangxi Province[29]. Financial Performance - The Group recorded gross sales proceeds of RMB 11,916.8 million, an increase of 6.2% over the previous year, primarily due to a 4.7% increase in same-store sales[26]. - The overall gross profit margin decreased to 14.2% compared to 15.3% in 2020, while total operating income increased by RMB 310.2 million or 7.0% to RMB 4,738.5 million[26]. - Operating profit was RMB 323.6 million, a decrease of 7.3% over the same period last year[26]. - Total gross sales proceeds increased by 6.3% to RMB10,667.3 million in 2021[49]. - Total operating revenues rose by 7.0% to RMB4,738.5 million in 2021[49]. - Same-store sales (SSS) increased by 4.7% in 2021, contributing to the rise in total merchandise sales[57]. - Total merchandise sales (net of value-added tax) increased by RMB391.2 million or 4.2% to RMB9,612.0 million in 2021[61]. - The net loss attributable to owners of the Company for 2021 was approximately RMB175.98 million, a decrease of 29.6% compared to the previous year[49]. Market Trends and Consumer Behavior - In 2021, China's GDP reached RMB 114.4 trillion, representing an increase of 8.1% from 2020, while total retail sales of consumer goods increased by 12.5% year-on-year[17]. - The introduction of COVID-19 vaccines led to effective control over the pandemic, allowing for a rebound in consumption and stabilization of the retail market in China[23]. - The Group remains positive about the retail market's prospects, emphasizing the importance of consumer spending as a primary driver of economic growth in China[23]. - The Group is committed to diversifying income sources and enhancing customer experience to capture potential opportunities in the retail market[23]. Strategic Initiatives - The Group's strategy focuses on localization and consistent market positioning, tailoring merchandise assortments and brand mixes to better serve middle to middle-upper end consumers[3]. - The Group emphasizes the importance of strategic partnerships and potential mergers and acquisitions to strengthen its market position[16]. - The Group plans to expand product categories and enhance online advertising to attract offline retail sales, continuing to implement the "O2O New Retail Strategy"[37]. - The Group aims to integrate online and offline retail experiences through social media platforms to expand market share[37]. - The Group is expanding its product portfolio to meet growing consumer needs, particularly in the beauty sector, by collaborating with well-known brands and launching exclusive products[32]. Management and Governance - The management remains committed to sustainable growth and enhancing shareholder value through effective governance and operational strategies[16]. - The Company appointed Zhou Jia as the Acting Chief Executive Officer in January 2022, who has extensive experience in retail operations since joining the group in 1995[111]. - The Company fully complied with the Corporate Governance Code during the year ended December 31, 2021, except for a deviation regarding the roles of Chairman and CEO[126]. - The Company has established written guidelines for securities transactions by employees likely to possess unpublished price-sensitive information[126]. - The Board comprises 6 Directors, including 2 executive Directors, 1 non-executive Director, and 3 Independent non-executive Directors[129]. Risk Management and Compliance - The Company is committed to enhancing its corporate governance practices and reviewing them periodically[126]. - The Company has a strategic focus on risk management and compliance, ensuring robust governance practices[121]. - The Audit Committee is responsible for advising the Board on the appointment and retention of external auditors and reviewing their independence[175]. - The Company has not noted any incidents of non-compliance with the Employees Written Guidelines[126].

PARKSON 百盛 Retail Group Limited 商業集團有限公司 Stock Code 股份代號:3368 2021 INTERIM REPORT 中期報告 CONTENTS 目錄 | --- | --- | --- | |-------------------------------------------------------------------|----------------------------|-------| | Corporate Information | | | | Financial Highlights | 公司資料 | | | Independent Review Report | 財務摘要 | | | Interim Condensed Consolidated Statement of Profit or Loss | 獨立審閱報告 | | | Interim Condensed Consolidated Statement of Comprehensive Income | 中期簡明綜合損益表 | | | | 中期簡明綜合全面收益表 | | | Inte ...

PARKSON 百盛 Retail Group Limited 商業集團有限公司 Stock Code 股份代號：3368 PARKSON BEAUTY PARKSON 百盛 ANNUAL REPORT | --- | --- | |-------|-------| | | | | | | | | | 2 2020 ANNUAL REPORT 年度報告 Parkson Retail Group Limited (the "Company") is a leading nationwide lifestyle retail operator in the People's Republic of China ("the PRC"). The Parkson brand was introduced to the Beijing market in the early 1990's and has now operated and managed a diversified collection of retail formats – including department stores, shopping m ...

PARKSON 百盛 Retail Group Limited 商業集團有限公司 Stock Code 股份代號: 3368 al page 2020 INTERIM REPORT 中期報告 CONTENTS 目錄 CONTENTS 目錄 | --- | --- | |-------------------------------------------------------------------|----------------------------| | | | | Corporate Information | 公司資料 | | Financial Highlights | 財務摘要 | | Independent Review Report | 獨立審閱報告 | | Interim Condensed Consolidated Statement of Profit or Loss | 中期簡明綜合損益表 | | Interim Condensed Consolidated Statement of Comprehensive Income | 中期簡明綜合全面收益表 | | Interim C ...