Financial Performance - The company reported a revenue of HKD 2,883 million for the first half of 2022, compared to HKD 2,355 million in the same period of 2021, representing a growth of 22.3%[15]. - The company recorded a revenue of approximately HKD 2,883.5 million for the six months ended June 30, 2022, representing a year-on-year increase of about 22.4% compared to HKD 2,355.4 million for the same period in 2021[29]. - The total revenue for the first half of 2022 was approximately HKD 2,883.5 million, representing a 22.4% increase compared to HKD 2,355.4 million in the same period of 2021[31]. - The sales of laundry care products reached HKD 2,451.4 million, accounting for 85.0% of total revenue, with a growth of 25.2% year-on-year[31]. - The company faced a net loss of approximately HKD 148.9 million for the six months ended June 30, 2022, primarily due to foreign exchange losses from offshore RMB deposits[29]. - The company recorded a net loss attributable to equity holders of approximately HKD 148.9 million for the first half of 2022, compared to HKD 43.9 million in the same period of 2021[45]. - Operating loss for the first half of 2022 was approximately HKD 245.9 million, compared to an operating loss of HKD 97.7 million in the same period of 2021[41]. - The company reported a basic loss per share of HKD 2.65 for the period, compared to HKD 0.75 in the same period last year, highlighting increased losses on a per-share basis[78]. - The company reported a total comprehensive loss of HKD 169,704 for the period, which includes other comprehensive losses from foreign currency translation[81]. Gross Profit and Margins - Gross profit for the first half of 2022 was HKD 1,530 million, with a gross margin of 53.0%, compared to HKD 1,259 million and a gross margin of 53.5% in the first half of 2021[15]. - The gross profit for the same period was HKD 1,529,617 thousand, up 21.4% from HKD 1,259,463 thousand year-on-year[77]. - The gross profit for the first half of 2022 was approximately HKD 1,529.6 million, up 21.4% from HKD 1,259.5 million in the same period of 2021, maintaining a gross margin of 53.0%[36]. Market Position and Product Development - The company maintained its leading market share in laundry liquid and hand wash products for 13 years and 10 years respectively, according to industry statistics[13]. - The company has expanded its product portfolio to include three main categories: fabric care, personal care, and home care, enhancing its brand matrix[13]. - The company plans to continue focusing on consumer needs and technological innovation to drive product upgrades and market expansion[13]. - The company has successfully launched innovative products, including the first pump-head measuring packaging for laundry liquid in China[13]. - The company introduced four new clothing care products and one new personal care product in the first half of 2022, focusing on sportswear laundry detergent[20]. - The company aims to improve consumer experience by offering a full suite of products and services, including laundry services and a membership program[28]. - The company’s laundry detergent and hand wash ranked first in brand power index in China for 12 and 13 consecutive years, respectively[20]. Sales and Distribution Channels - Online sales channels contributed significantly to revenue, with direct sales to major clients also playing a crucial role in distribution[15]. - The company maintained its leading position in online sales, ranking first in multiple online platforms during the "618 Shopping Festival" in June 2022[26]. - The company continues to strengthen its sales and distribution channels, expanding into convenience stores and local shops across China[23]. - The company plans to expand and upgrade its product portfolio, enhance its distribution network, and strengthen partnerships with major e-commerce platforms to capture opportunities in various city tiers[27]. Financial Position and Assets - The company had cash and cash equivalents totaling approximately HKD 8,262.5 million as of June 30, 2022, a decrease of HKD 971.2 million from HKD 9,233.7 million at the end of 2021[47]. - The total assets as of June 30, 2022, were HKD 13,257,352 thousand, down from HKD 14,511,736 thousand at the end of 2021, indicating a decrease in asset value[79]. - The company’s total equity decreased to HKD 11,210,934 thousand from HKD 12,346,422 thousand, reflecting a decline in shareholder value[79]. - The company’s retained earnings as of June 30, 2022, were HKD 1,291,757, a decrease from HKD 2,213,813 at the beginning of the year[81]. - The company’s total reserves decreased to HKD 9,860,563 as of June 30, 2022, from HKD 10,074,014 at the beginning of the year[81]. Production and Capacity Expansion - The company has established multiple production bases across China, enhancing its geographical coverage in key regions[15]. - The new production facility in Chongqing commenced commercial production on July 6, 2022, with a total construction area of approximately 49,000 square meters and an annual capacity of 100,000 tons[52]. - The new production facility is expected to add up to 11 additional production lines for various cleaning products, including disinfectants and bleach[52]. - Capital expenditure for the first half of 2022 was approximately HKD 149.2 million, mainly for expanding production capacity[48]. Employee and Shareholder Information - The group has approximately 8,190 employees as of June 30, 2022, with competitive salary levels maintained[51]. - As of June 30, 2022, the total number of issued shares was 5,861,433,500, with significant shareholdings by directors, including 75.85% held by Ms. Pan Dong and Mr. Luo Qiuping[54]. - The shareholding structure indicates a concentrated ownership, with the top four shareholders holding over 90% of the total shares[60]. - The company reported a total of HKD 12,163,000 in key management personnel compensation for the six months ended June 30, 2022, slightly down from HKD 12,705,000 in the same period of 2021[133]. Compliance and Governance - The company confirmed compliance with the Corporate Governance Code during the six months ended June 30, 2022[68]. - The company has adopted the Model Code for Securities Transactions by Directors of Listed Issuers and confirmed compliance by all directors for the six months ended June 30, 2022[69]. - The company’s audit committee reviewed the accounting principles and practices adopted by the group for the six months ended June 30, 2022[71]. Risks and Financial Management - The group’s activities expose it to various financial risks, including market risk, credit risk, and liquidity risk[95]. - The group measures equity investments at fair value, with changes recognized in other comprehensive income[90]. - The group’s financial risk management policies have not changed since the end of the previous year[95].

Financial Performance - The company achieved a revenue of HKD 7,597.48 million in 2021, representing an 8.6% increase compared to HKD 6,996.35 million in 2020[22]. - The net profit for 2021 was HKD 1,014.42 million, down from HKD 1,309.41 million in 2020, indicating a decline of approximately 22.5%[22]. - The gross profit margin decreased to 58.4% in 2021 from 64.5% in 2020[12]. - The basic earnings per share (EPS) decreased to HKD 17.49 in 2021 from HKD 26.03 in 2020[12]. - Operating profit decreased by approximately 34.2% to HKD 1,149.8 million, primarily due to increased costs and reduced gross profit[46]. - The company recorded revenue of approximately HKD 7,597.5 million for the year ended December 31, 2021, representing an increase of about 8.6% compared to HKD 6,996.3 million for the year ended December 31, 2020[35]. - The company reported a total equity of HKD 12,346,422,000 as of December 31, 2021, up from HKD 11,679,421,000 at the beginning of the year[190]. - The company paid dividends amounting to HKD 2,704,284,000 in 2021, significantly higher than HKD 84,925,000 in 2020[196]. Sales and Market Performance - Online sales accounted for 50.1% of total revenue in 2021, slightly down from 53.9% in 2020, while offline distributors increased to 35.8% from 31.9%[14]. - In the second half of 2021, the company's revenue increased by 14.9% year-on-year, with offline distributor channel sales rising by 53.9%[24]. - The company ranked first in sales volume for home cleaning and clothing cleaning brands during the "618" and "Double 11" shopping festivals on major e-commerce platforms[27]. - Sales of clothing care products increased by approximately 15.4% to HKD 6,456.5 million in 2021, driven by a recovery in consumer demand post-COVID-19 and the introduction of new products[35]. - The company achieved the top market share in the clothing care category on major platforms during key shopping events, including the "618 Shopping Festival" and "Double 11 Shopping Festival" in 2021[31]. Product Development and Innovation - The company launched several new products in 2021, including antibacterial laundry liquid and automatic hand sanitizer, enhancing its home cleaning solutions[23]. - The company introduced two new clothing care products in 2021, contributing to a significant increase in revenue compared to the previous year[27]. - The company launched a new line of antibacterial laundry detergents and specialized laundry liquids in response to increased demand for clothing disinfection due to the pandemic[29]. - The company introduced a new automatic hand sanitizer dispenser and a no-rinse antibacterial hand sanitizer to meet consumer needs during the pandemic[29]. - The company has developed a total of 22 products that received the first batch of "China Green Product" certification[26]. Corporate Governance and Management - The company has a strong management team with extensive experience in technology development, strategic planning, and supply chain management[122]. - The board consists of five executive directors, one non-executive director, and three independent non-executive directors, complying with the listing rules regarding independent director requirements[134]. - The company has adopted the Corporate Governance Code and has complied with all applicable provisions for the year ended December 31, 2021[131]. - The board is committed to regularly reviewing and enhancing corporate governance practices to ensure compliance with the Corporate Governance Code[131]. - The independent non-executive directors have confirmed their independence in accordance with the listing rules[134]. Risk Management - The company has established a comprehensive risk management system since 2021 to effectively manage and mitigate inherent business risks, ensuring protection for the company, its customers, and partners[156]. - The risk management team conducts annual risk assessments from top to bottom, identifying and prioritizing significant risks based on their potential impact and likelihood[156]. - The internal audit function operates independently from the management team and reviews key operational, financial, compliance, and risk management controls[157]. Future Strategies and Investments - The company plans to enhance its sales and distribution network, particularly in rural areas of China, to improve product penetration and service to local consumers[33]. - The company aims to strengthen partnerships with major e-commerce platforms and capitalize on emerging platforms, including live-streaming e-commerce[34]. - The company will continue to innovate and diversify its product offerings to meet changing consumer demands and preferences[34]. - The company aims to enhance R&D capabilities with an allocation of HKD 220 million, of which HKD 43 million was utilized, leaving HKD 177 million unutilized[114]. Shareholder Engagement - The company encourages shareholders to participate in annual general meetings to express their opinions on performance, operations, and strategies[170]. - Shareholders have the right to request the convening of a special general meeting if they hold at least 10% of the paid-up capital[169]. - The company regularly holds investor and analyst briefings, roadshows, and press conferences to facilitate communication with investors and shareholders[167].

Financial Performance - For the six months ended June 30, 2021, the company recorded revenue of approximately HKD 2,355.4 million, a decrease of about 3.3% compared to HKD 2,435.9 million for the same period in 2020[13]. - The company reported a loss of approximately HKD 43.9 million, a decline of about 114.5% compared to a profit of HKD 302.2 million for the same period in 2020[13]. - The total revenue for the first half of 2021 was approximately HKD 2,355.4 million, a decrease of 3.3% compared to HKD 2,435.9 million in the same period of 2020[15]. - Gross profit for the first half of 2021 was approximately HKD 1,259.5 million, down 19.2% from HKD 1,558.6 million in the same period of 2020, resulting in a gross margin of 53.5%[19]. - The company recorded an operating loss of approximately HKD 97.7 million for the first half of 2021, compared to an operating profit of HKD 429.4 million in the same period of 2020[24]. - The company reported a net loss of HKD 43,937,000 for the six months ended June 30, 2021, compared to a profit of HKD 302,193,000 in the prior year[57]. - The company’s earnings per share for the period was a loss of HKD 0.75, compared to a profit of HKD 6.04 in the same period last year[57]. - The company’s income tax expense for the six months ended June 30, 2021, was HKD 16,003,000, a significant decrease from HKD 126,612,000 in the same period of 2020[79]. Revenue Sources - Online sales channels contributed to revenue growth, with significant progress made through live streaming platforms, enhancing sales performance[11]. - Revenue from clothing care products was HKD 1,958.6 million, accounting for 83.1% of total revenue, with a year-on-year increase of 16.5%[15]. - Online sales channel revenue reached HKD 1,640.2 million, representing 69.6% of total revenue, an increase of 14.6% from HKD 1,431.6 million in the previous year[17]. - Revenue from laundry care products was HKD 1,958,616,000, an increase of 16.5% compared to HKD 1,681,407,000 in the previous year[76]. Expenses and Costs - Selling and distribution expenses increased by 12.2% to approximately HKD 916.3 million, primarily due to increased promotional spending in online channels and higher transportation costs[21]. - General and administrative expenses rose by 29.8% to approximately HKD 449.4 million, mainly due to increased employee costs and the absence of government subsidies[22]. - The total expenses for the six months ended June 30, 2021, amounted to HKD 2,461,675,000, compared to HKD 2,039,805,000 in 2020, reflecting an increase of 20.7%[77]. - Employee benefit expenses increased to HKD 680,750,000 from HKD 585,688,000, marking a rise of 16.2%[77]. - The cost of raw materials consumed was HKD 933,498,000, up from HKD 818,137,000 in 2020, reflecting an increase of 14.1%[77]. Cash Flow and Assets - As of June 30, 2021, the company's cash and cash equivalents totaled approximately HKD 9,904.7 million, a decrease of about HKD 1,034.2 million from HKD 10,938.9 million as of December 31, 2020[28]. - The company's current assets net value was approximately HKD 10,778 million as of June 30, 2021, up from HKD 9,794 million as of December 31, 2020, with a current ratio of approximately 9.4 times[28]. - The company reported a net cash outflow from operating activities of HKD 71,392 thousand for the six months ended June 30, 2021, compared to a net inflow of HKD 526,908 thousand in the previous period[61]. - Total assets decreased to HKD 14,194,683 thousand from HKD 15,803,137 thousand, representing a decline of approximately 10.2% year-over-year[58]. - The company's cash and cash equivalents decreased to HKD 9,904,671 thousand from HKD 10,921,095 thousand, a reduction of about 9.3%[61]. Shareholder Information - ZED Group Limited directly holds 75.69% of shares and indirectly holds 0.19% through Van Group Limited[36]. - As of June 30, 2021, the total number of issued shares is 5,859,195,000, with ZED holding 4,446,000,000 shares, representing 75.88%[40]. - HCM BM Holdings, Ltd. holds 500,000,000 shares, accounting for 8.53% of the total shares[40]. - Gaoling Fund, L.P. holds 542,765,000 shares, representing 9.26% of the total shares[40]. - Hillhouse Capital Advisors, Ltd. holds 544,922,500 shares, which is 9.30% of the total shares[40]. - The board has decided not to declare an interim dividend for the six months ended June 30, 2021[45]. Strategic Initiatives - The company plans to optimize its distribution network by improving resource allocation and inventory management, aiming for structural optimization by Q3 2021[12]. - The company aims to strengthen partnerships with major e-commerce platforms and capitalize on emerging platforms, including live streaming and fresh e-commerce[12]. - A strategic cooperation framework agreement was signed on August 13, 2021, with COFCO Packaging Investment Co., Ltd., focusing on sustainable development and collaborative R&D until December 31, 2026[33]. Employee and Management Information - As of June 30, 2021, the company had approximately 7,212 employees, with competitive salary levels maintained[31]. - On September 17, 2021, the company granted 7,048,000 share awards to 321 employees under the share incentive plan[33]. - The total remuneration for key management personnel was 11,040 thousand HKD for the six months ended June 30, 2021, an increase from 7,259 thousand HKD in the same period of 2020[99].