Financial Performance - The consolidated revenue for the six months ended June 30, 2023, increased to HK$5,444.3 million, representing a 620.9% increase from HK$755.2 million in the same period last year[2]. - Gross profit for the same period was HK$2,491.0 million, up 890.9% from HK$251.4 million in the prior year[8]. - Profit attributable to equity holders turned from a loss of HK$31.7 million in the first half of 2022 to a profit of HK$131.9 million in the first half of 2023[3]. - Other income and net losses for the period amounted to gains of HK$2.3 million, compared to losses of HK$27.5 million in the same period last year[8]. - For the six months ended June 30, 2023, the Group recorded a net profit attributable to equity holders of HK$131.9 million, compared to a net loss of HK$31.7 million for the same period in 2022, representing an increase of HK$163.6 million[12]. - The Group shared profits less losses of associates and joint ventures amounting to HK$369.0 million for the six months ended June 30, 2023, an increase from HK$305.0 million in the corresponding period in 2022[12]. - The multi-brands apparels and footwear segment generated revenue totaling HK$5,179.2 million, a significant increase of HK$4,686.9 million compared to HK$492.3 million in the same period last year, primarily due to the acquisition of Clark Group[14]. - The acquisition of Clark Group contributed HK$4,670.0 million to the Group's revenue during the period[14]. - The segment reported a loss of HK$151.3 million, an improvement from a loss of HK$248.4 million in the corresponding period in 2022, attributed to slower-than-expected economic recovery post-pandemic[14]. Expenses and Costs - Selling and distribution expenses increased to HK$1,951.2 million, up HK$1,626.7 million from HK$324.5 million in the prior year, primarily due to the acquisition of Clark Group[8]. - Administrative expenses for the period were HK$775.7 million, an increase from HK$280.8 million in the previous year, mainly due to the acquisition of Clark Group and a donation of HK$20.0 million[9]. - Finance costs rose to HK$62.4 million from HK$13.1 million in the prior year, attributed to increased interest expenses from bank borrowings and lease liabilities[9]. - Staff costs amounted to HK$1,154.3 million, significantly up from HK$250.7 million in the corresponding period of 2022[22]. Assets and Liabilities - As of June 30, 2023, the Group's net assets decreased to HK$9,860.0 million from HK$10,998.2 million as of December 31, 2022, reflecting a decline of 10.4%[19]. - Total non-current assets increased from HK$8,796.6 million to HK$9,012.0 million, a rise of 2.4% due to additions in property, plant, and equipment[19]. - Net current assets decreased by HK$981.9 million or 23.1% compared to December 31, 2022, primarily due to cash outflow from the acquisition of a 49% interest in Lionrock Capital Partners QiLe Limited for approximately HK$1,084.7 million[19]. - Cash and bank balances, including restricted balances, totaled HK$1,664.7 million as of June 30, 2023, down from HK$2,998.4 million at the end of 2022, a decrease of 44.4%[20]. - The current ratio as of June 30, 2023, was approximately 1.9, slightly down from 2.0 as of December 31, 2022[20]. - The Group's total liabilities decreased to HK$1,084,658,000 as of June 30, 2023, compared to HK$1,301,558,000 in the previous year, indicating improved financial health[51]. Strategic Developments - The Group successfully transitioned from GEM to the Main Board of the Hong Kong Stock Exchange in June 2023, providing a broader capital platform for future sustainable development[4]. - Clarks continues to consolidate and expand its business in Europe and the United States, while developing products tailored for the Chinese market[4]. - The Group's strategy focuses on establishing an integrated sports platform and expanding sports destination projects to promote healthy living in China[16]. - The Group plans to optimize retail channels in the UK and expand its wholesale business in Europe and the U.S. to increase market penetration[27]. - The Group will enhance its e-commerce business by renovating its online platform and adjusting its product structure to improve profit margins[27]. Shareholder Information - The rights issue completed on April 28, 2023, raised approximately HK$315 million, with 852,362,086 rights shares issued[23]. - Following the rights issue, the Group's interest in Bossini increased from approximately 56.41% to approximately 62.91%[23]. - The acquisition of the remaining 49% interest in Viva Qile Limited was completed in January 2023, increasing the Group's effective interest from 26% to 51%[22]. - The Group's issued and fully paid ordinary shares increased to 9,716,261,727 as of June 30, 2023, from 9,680,413,727 as of December 31, 2022[128]. Corporate Governance - The company has complied with the Corporate Governance Code during the six months ended June 30, 2023[187]. - The Audit Committee comprises three independent non-executive Directors and one non-executive Director[189]. - The company has adopted the Model Code for dealing in securities by the Directors, confirming compliance[185]. - Mr. Li Ning holds both the positions of chairman and chief executive officer, which the Board believes ensures effective business planning[187].
非凡领越(00933) - 2023 - 中期业绩