SLING GROUP HOLDINGS LIMITED 森浩集團股份有限公司 (於開曼群島註冊成立的有限公司) 股份代號: 8285 INTERIM REPORT (Incorporated in the Cayman Islands with limited liability) Stock code: 8285 SLING GROUP HOLDINGS LIMITED 森浩集團股份有限公司 中期報告 SLING GROUP HOLDINGS LIMITED 森浩集團股份有限公司 INTERIM REPORT 中期報告 2019 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位乃為相比起聯交所上市的其他公司帶有更高投資 風險的中小型公司提供上市的市場。有意投資者應了解投資 於此類公司的潛在風險，並應經審慎周詳考慮後方作出投資 決定。 由於在GEM上市的公司一般為中小型公司，故在GEM買賣的 證券可能會承受較於主板買賣的證券為高的市場波動風險， 同時亦無法保證在GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並 ...

Stock code: 8285 (於開曼群島註冊成立的有限公司 ) 股份代號 : 8285 SLING GROUP HOLDINGS LIMITED 第一季度報告 FIRST QUARTERLY REPORT 森浩集團股份有限公司 (Incorporated in the Cayman Islands with limited liability) 香港聯合交易所有限公司（「聯交所」）GEM的特色 SLING GROUP HOLDINGS LIMITED 森浩集團股份有限公司 GEM的定位乃為相比起聯交所上市的其他公司帶有更高投資 風險的中小型公司提供上市的市場。有意投資者應了解投資 於此類公司的潛在風險，並應經審慎周詳考慮後方作出投資 決定。 由於在GEM上市的公司一般為中小型公司，在GEM買賣的證 券可能會承受較於主板買賣的證券為高的市場波動風險，同 時亦無法保證在GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示概 不會對本報告的全部或任何部分內容所產生或因依賴該等內 容而引致的任何損失承擔任何責任。 本報告乃 ...

Financial Performance - The company reported a revenue of RMB 141.1 million for 2018, a decrease of 32.5% compared to the previous year[11]. - Total sales decreased by RMB 67.9 million or 32.5% to RMB 141.1 million in 2018 from RMB 209.0 million in 2017[25]. - Gross profit decreased by RMB 41.1 million or 34.9% to RMB 76.8 million, with gross margin slightly declining to 54.4% from 56.4%[26]. - Revenue from ELLE products decreased to RMB 95.1 million, down 27.4% from RMB 131.0 million in 2017[23]. - Jessie & Jane product sales fell to RMB 46.0 million, a decline of 41.0% from RMB 78.0 million in 2017[23]. - Online retail sales revenue dropped by 37.4%, while offline retail sales and wholesale to offline retailers decreased by 62.6% and 32.3%, respectively[11]. - Revenue declines for each quarter were approximately 26.3%, 24.9%, 24.6%, and 51.1%[11]. - Online retail sales reached RMB 88.9 million, accounting for 63.0% of total sales, down from 67.9% in 2017, with a decline of 37.4%[19][22]. - Offline retail sales dropped to RMB 5.4 million, a decrease of 62.6% from RMB 14.4 million in 2017, contributing 3.8% to total sales[21][22]. - Wholesale to online retailers increased by 25.1% to RMB 24.4 million, while wholesale to offline retailers fell by 32.3% to RMB 22.5 million[19][22]. Strategic Focus - The company plans to focus on its two brands: the licensed brand ELLE and the in-house brand Jessie & Jane, emphasizing design and quality[9]. - The company aims to reduce reliance on the leading B2C e-commerce platform and strengthen partnerships with other major online platforms in China[9]. - The company is focusing on expanding partnerships with other B2C e-commerce platforms to reduce reliance on the leading platform[13]. - The company anticipates that the online retail channel will contribute more revenue in 2019[13]. - The company has allocated RMB 14.2 million of the net proceeds from the IPO for marketing investments, product design, and store openings, with a focus on social media marketing[44]. - The company plans to enhance its market position in the Chinese women's handbag market through increased marketing efforts and product design improvements[37]. Operational Changes - The number of direct-operated stores was reduced from five to three, lowering operational risks and costs[12]. - Administrative and other operating expenses reduced by RMB 8.1 million or 22.8% to RMB 27.6 million, while post-listing operational costs increased[28]. - The group had no significant investments, acquisitions, or disposals of subsidiaries and associates during the year ended December 31, 2018[34]. - The company has implemented strict supply chain management and quality control procedures to ensure high-quality products and services[154]. - The company collaborates with online store operators to enhance the operation of its self-operated online retail points[160]. Governance and Compliance - The company has maintained compliance with the corporate governance code as per GEM listing rules since its listing date on January 16, 2018[62]. - The board consists of eight directors, including three executive directors, two non-executive directors, and three independent non-executive directors[64]. - The company has established various board committees to enhance governance and oversight functions[63]. - The independent non-executive directors play a crucial role in ensuring the board acts in the best interests of the company and its shareholders[64]. - The company has engaged external consultants to review its internal control systems, which did not reveal any significant control deficiencies[98]. - The company has established a nomination policy that considers multiple criteria for appointing directors[90]. Environmental and Social Responsibility - The company emphasizes compliance with environmental regulations, including the Water Pollution Prevention Law and the Air Pollution Prevention Law in China[138]. - Employee training on environmental, health, and safety policies was provided to enhance awareness of environmental protection[138]. - The company aims to reduce energy consumption by utilizing natural light and implementing energy-efficient practices[143]. - The company prioritizes suppliers with environmental management system certifications during procurement[145]. - The company is committed to community contributions and encourages employee participation in various charitable activities[167]. Employee Management - The company employed 88 staff in Hong Kong and China, a decrease from 100 in 2017[46]. - Total employee costs for the year ended December 31, 2018, amounted to RMB 17.6 million, slightly down from RMB 17.8 million in 2017[46]. - The company provides various employee benefits, including insurance contributions and annual leave, in compliance with local laws[151]. - The company conducted employee health checks annually to ensure workplace safety and compliance with health regulations[150]. - The company organized recreational activities for employees, including birthday parties and trips, to promote work-life balance[152]. Market Outlook - The company maintains a cautiously optimistic outlook for future performance amid signs of easing tensions in the US-China trade war and improved liquidity policies from the Chinese government[9]. - Management believes that consumer spending in China will continue to grow due to rising purchasing power and stable economic growth, expecting a return to business growth in 2019[37]. Legal and Regulatory Matters - The company adheres to data protection and privacy laws, ensuring employee confidentiality regarding sensitive information[165]. - There were no legal cases related to corruption during the year, reflecting the company's strict compliance with anti-corruption laws[166]. - The company has maintained its business nature without significant changes during the year[175].