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。 China Dongxiang (Group) Co., Ltd. 中 國 動 向（ 集 團 ）有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：3818） 有關2021/22年報及2022/23中期報告之補充公告 謹此提述中國動向（集團）有限公司（「本公司」）截至二零二二年三月三十一日止年度 之年報（「2021/22年報」）及截至二零二二年九月三十日止六個月之中期報告 （「2022/23中期報告」）。除另有規定外，本公告所採用之詞彙與2021/22年報及 2022/23中期報告所界定者具有相同涵義。 除2021/22年報及2022/23中期報告所提供之資料以外，本公司謹此提供額外資料， 載列如下： 購股權計劃 以購股權可根據授出購股權要約的條款及條件進行歸屬及╱或予以行使為限及根據 本公司的購股權計劃的條款，承授人須根據購股權承購股份的期間（即要約函中所 規定的行使期）乃由本公司董事（「董 ...

DONG JANG China Dongxiang (Group) Co., Ltd. 中 國 動 向 ( 集 團 ) 有 限 公 司 （於開曼群島註舟成立的有限公司） 股份代號: 3818 中期報告 2022 | 2023 I 公式 { Tiz 目錄 公司資料 2 投資者資訊 4 業績摘要 5 主席報告書 6 8 管理層討論及分析 其他資料 25 中期簡明綜合財務資料 32 中期簡明綜合財務資料附註 39 中國動向（集團）有限公司 • 二零二二╱二三年中期報告 公司公司資料資料 | --- | --- | |------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | 執行董事 | 陳義紅先生（主席） 陳晨女士（聯席主席兼聯席總裁） 張志勇先生（首席執行官兼總裁） 呂光宏先生（首席財務官） | | 獨立非 ...

Financial Performance - For the fiscal year 2021/2022, the company reported a revenue of RMB 1,916 million, a decrease of 2.7% compared to RMB 1,970 million in the previous year[25]. - The operating loss for the year was RMB 1,751 million, compared to an operating profit of RMB 2,070 million in the prior year[25]. - The gross profit margin decreased to 63.9% from 65.6% year-on-year[25]. - The net loss attributable to shareholders was RMB 1,747 million, compared to a profit of RMB 1,811 million in the previous year[25]. - Basic and diluted loss per share was RMB 29.79, down from earnings of RMB 30.88 per share in the previous year[25]. - The group recorded revenue of RMB 1,916 million for the fiscal year ending March 31, 2022, a decrease of 2.7% year-on-year[40]. - The net loss attributable to equity holders was RMB 1,747 million during the reporting period[40]. - The group's gross profit was RMB 1,225 million, a decrease of RMB 67 million from RMB 1,292 million in the previous period, with a gross margin of 63.9% (previous period: 65.6%)[111]. - The group reported a loss attributable to owners of RMB 1,747 million for the reporting period, compared to a profit of RMB 1,811 million in the previous year[99]. Assets and Liabilities - Total assets as of March 31, 2022, were RMB 10,485 million, a decrease from RMB 12,638 million in the previous year[27]. - The company's net current assets amounted to RMB 4,484 million, down from RMB 5,764 million in the previous year[27]. - The debt-to-equity ratio increased to 0.12 from 0.10 year-on-year[28]. - The group had a net asset value attributable to equity holders of RMB 9,351 million as of March 31, 2022, down from RMB 11,533 million as of March 31, 2021[1]. - The group's current ratio as of March 31, 2022, was 6.7 times, down from 9.0 times as of March 31, 2021[1]. Market and Industry Trends - In 2021, the sportswear industry in China reached a market size of 385.8 billion yuan, with expectations to exceed 400 billion yuan in 2022[65]. - The national sports industry is projected to reach a total scale of 5 trillion yuan by 2025, with a target of 38.5% of the population regularly participating in sports[65]. - Online retail sales of physical goods grew by 12.0% in 2021, accounting for 24.5% of total retail sales, which exceeded 40 trillion yuan, reflecting a 12.5% year-on-year increase[54]. - The sportswear industry is focusing on digital transformation and expanding online channels, with increasing revenue from platforms like Xiaohongshu and Douyin[65]. Strategic Initiatives - The company aims to become the most desirable sports lifestyle brand, focusing on talent and management excellence[7]. - Future strategies include market expansion and potential new product development to enhance brand presence[39]. - The group aims to deepen digital transformation and enhance omnichannel operations to capture opportunities in the sports industry[44]. - The group plans to focus on the rapidly growing snow sports industry, investing in Xinjiang to create a comprehensive system around skiing equipment and training[43]. - The group will continue to integrate online and offline channels to optimize sales strategies and expand customer reach[40]. - The group is actively collaborating with local designers and brands to launch co-branded products, enhancing brand image[40]. - The group is committed to providing high-quality products and services in the Chinese market, maintaining its long-term commitment[40]. Corporate Governance and Management - The company has adhered to the corporate governance code as per the Hong Kong Stock Exchange rules, with the exception of the chairman's absence at the annual general meeting due to important matters[176]. - The board consists of seven members, including four executive directors and three independent non-executive directors, ensuring a balanced composition with sufficient knowledge and experience[182]. - The company has established an Environmental, Social, and Governance (ESG) committee to oversee its commitment to sustainability[88]. - The company has implemented environmental, social, and governance (ESG) reporting guidelines, disclosing relevant information in its ESG report[178]. - The executive committee is authorized by the board to manage the company's daily operations, focusing on overall strategy, financial matters, and risk management[179]. Marketing and Brand Development - Kappa brand successfully held its first annual fashion show in China in May 2021, marking a significant milestone in its 20-year market presence[70]. - Kappa has sponsored multiple national teams and sports events, achieving high visibility and brand recognition, with Kappa apparel worn by many athletes during competitions[73]. - Kappa's marketing strategy during the Lunar New Year included a campaign featuring Olympic champion Sun Yiwen, enhancing brand visibility through social media[70]. - The group has seen challenges in the operating environment due to the COVID-19 pandemic and a warm winter, impacting product demand[68]. - Kappa's brand promotion efforts have significantly increased brand awareness and image through various marketing combinations during major sports events[68]. Operational Efficiency - The group aims to strengthen its market position by optimizing online and offline sales channels and enhancing overall operational efficiency[68]. - The group aims to enhance operational efficiency by closing underperforming stores while expanding its e-commerce presence[80]. - The company is optimizing its offline store operations and enhancing digital management for better efficiency[65]. - The group has expanded its online store count to 764, facilitating flexible inventory management[78]. Future Outlook - The management has provided guidance for the next fiscal year, projecting a revenue growth of 10% to 12%[166]. - The company maintains an optimistic outlook on the sports apparel industry, anticipating growth opportunities as the pandemic situation improves[80]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share over the next two years[161].

| --- | --- | |--------------------------------------------------------------------------------|-------| | | | | | | | | | | | | | | | | 2021/2022中期報告 | | | DONG ANG China Dongxiang (Group) Co., Ltd. 中 國 動 向 ( 集 團 ) 有 限 公 司 | | | ( 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） 股 份 代號: 3818 | | Kappa 目錄 公司資料 2 投資者資訊 4 業績摘要 5 主席報告書 6 8 管理層討論及分析 其他資料 25 中期簡明綜合財務資料 31 中期簡明綜合財務資料附註 38 中 國 動 向（集 團）有 限 公 司 公司資料 | --- | --- | |---------------------------------------|----------------------------------------------------------------- ...

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DONG JANG China Dongxiang (Group) Co., Ltd. 中國動向 (集團) 有限公司 【於 開曼群島 註 冊 成 立 的 有限 公 司 】 股 份 代 號 : 3818 didat are of the t 1000 a suit e Car Status of Area Support de and district 3 1 目錄 | --- | --- | --- | |-------|------------------------|-------| | | | | | | 願景和使命 | 2 | | | 公司資料 | 6 | | | 五年財務摘要 | 8 | | | 主席報告書 | 12 | | | 品牌組合 | 14 | | | 管理層討論與分析 | 16 | | | 投資者關係報告 | 35 | | | 環境、社會及管治報告 | 36 | | | 董事及高級管理人員簡介 | 52 | | | 企業管治報告 | 55 | | | 董事會報告 | 69 | | | 獨立核數師報告 | 78 | | | 綜合全面收益表 | 84 | | | 綜合資產負債表 | 86 | ...

DONG JANG China Dongxiang (Group) Co., Ltd. 中國動向 (集團) 有限公司 【於 開曼群島 註 冊 成 立 的 有限 公 司 】 股 份 代 號 : 3818 didat are of the t 1000 a suit e Car Status of Area Support de and district 3 1 目錄 | --- | --- | --- | |-------|------------------------|-------| | | | | | | 願景和使命 | 2 | | | 公司資料 | 6 | | | 五年財務摘要 | 8 | | | 主席報告書 | 12 | | | 品牌組合 | 14 | | | 管理層討論與分析 | 16 | | | 投資者關係報告 | 35 | | | 環境、社會及管治報告 | 36 | | | 董事及高級管理人員簡介 | 52 | | | 企業管治報告 | 55 | | | 董事會報告 | 69 | | | 獨立核數師報告 | 78 | | | 綜合全面收益表 | 84 | | | 綜合資產負債表 | 86 | ...