Financial Performance - Revenue for the six months ended June 30, 2024, was approximately HKD 631.4 million, a decrease from HKD 709.6 million in the same period last year[2] - The company recorded a loss attributable to owners of approximately HKD 82.2 million, compared to a profit of HKD 5.4 million in the same period last year[2] - Revenue from customer contracts decreased to HKD 631,392 thousand for the six months ended June 30, 2024, down 11% from HKD 709,590 thousand in the same period of 2023[9] - Revenue from the mainland China market was HKD 611,286 thousand, a decrease of 11% compared to HKD 686,772 thousand in the previous year[9] - Total other income decreased to HKD 14,522 thousand for the six months ended June 30, 2024, down 30% from HKD 20,641 thousand in the same period of 2023[10] - The company reported a net loss attributable to shareholders of HKD 82,235 thousand for the six months ended June 30, 2024, compared to a profit of HKD 5,367 thousand in the same period of 2023[13] - Gross profit for the period was approximately HKD 478,324,000, a decline of 9.5%, while the overall gross profit margin increased by 1.3 percentage points to 75.8%[28] - The flagship brand, Anlifang, accounted for 61.0% of total revenue, with sales of HKD 385,168,000, a slight increase of 0.8%[27] Assets and Liabilities - Non-current assets decreased to HKD 1,873.6 million from HKD 2,003.0 million as of December 31, 2023[4] - Current assets totaled HKD 811.1 million, down from HKD 859.5 million at the end of 2023[4] - The company reported a net cash and cash equivalents of HKD 227.8 million, a decrease from HKD 283.6 million at the end of 2023[4] - Total equity attributable to owners decreased to HKD 2,032.8 million from HKD 2,158.4 million as of December 31, 2023[4] - The company’s total assets decreased to HKD 766,864 thousand as of June 30, 2024, down from HKD 814,841 thousand at the end of the previous year[15] - Trade receivables increased to HKD 53,739 thousand as of June 30, 2024, compared to HKD 45,204 thousand at the end of the previous year[16] - Trade payables increased to HKD 80,091 thousand as of June 30, 2024, compared to HKD 69,124 thousand at the end of the previous year[17] - The group’s debt ratio was approximately 13.2% as of June 30, 2024, slightly down from 13.4% at the end of the previous year[33] E-commerce and Sales - E-commerce sales increased by 6.8% year-on-year to HKD 220.2 million, highlighting a focus on enhancing e-commerce platform operations[1] - In the first half of 2024, the company's revenue decreased by 11.0% to HKD 631,392,000, while the gross profit margin increased by 1.3 percentage points to 75.8%[19] - Sales and distribution expenses decreased by 4.2% to HKD 422,004,000, accounting for 66.8% of total revenue, attributed to a reduction in the number of retail outlets[29] - As of June 30, 2024, the total number of retail points was 907, with a net decrease of 100 compared to December 31, 2023[22] Cost Management - The cost of goods sold decreased to HKD 153,068 thousand for the six months ended June 30, 2024, down 15.6% from HKD 181,328 thousand in the same period of 2023[12] - The total employee cost for the period was HKD 210,021,000, down from HKD 228,523,000 in the previous year, reflecting a reduction in employee numbers from 4,390 to 4,157[26] - Capital expenditure for the period was HKD 5,615,000, significantly lower than HKD 20,716,000 in the previous year, mainly for waterproof renovations at the Shandong factory[34] Strategic Initiatives - The company plans to leverage celebrity endorsements to enhance brand exposure and drive product sales[1] - The company launched several new product lines, including "GREEN EMBRY" and "Spring Traces," focusing on eco-friendly materials and designs[24] - The company actively promoted its green initiatives, including the "Butterfly Habitat" campaign, to encourage consumers to reduce carbon emissions[21] - The company has implemented sustainable practices in its production facilities, utilizing geothermal heat pumps and biodegradable packaging materials[25] - The company plans to strengthen its collaboration with low-carbon suppliers to develop environmentally friendly products, addressing consumer demand for quality and sustainable consumption[40] - The company will continue to explore different market segments and enhance operations on social media and e-commerce platforms to solidify its online retail market presence[40] - The company aims to improve production efficiency and delivery speed by leveraging its self-production and sales model, along with smart logistics solutions[40] Dividend and Governance - The company did not recommend the distribution of an interim dividend due to the uncertain economic outlook, prioritizing cash retention for long-term financial strength[19] - The board has decided not to declare an interim dividend for the six months ending June 30, 2024[42] - The group did not hold any significant investments or engage in major acquisitions or disposals of subsidiaries during the period[37] - There were no purchases, sales, or redemptions of the company's listed securities during the reporting period[43] - The company has adhered to all applicable corporate governance codes during the reporting period[43]
安莉芳控股(01388) - 2024 - 中期业绩