千百度二零二三中期报告

CONTENTS目錄 2CORPORATE INFORMATION公 司 資 料5FINANCIAL HIGHLIGHTS財 務 摘 要6MANAGEMENT DISCUSSION AND ANALYSIS管 理 層 討 論 及 分 析30GENERAL INFORMATION一 般 資 料38INDEPENDENT AUDITOR’S REPORT獨 立 核 數 師 報 告40CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS ANDOTHER COMPREHENSIVE INCOME簡 明 綜 合 損 益 及 其 他 全 面 收 益 表41CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION簡 明 綜 合 財 務 狀 況 表43CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY簡 明 綜 合 權 益 變 動 表44CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS簡 明 綜 合 現 金 流 量 表45NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS簡 明 綜 合 財 務 報 表 附 註 Corporate Information公司資料 董 事 會 BOARD OF DIRECTORS 執 行 董 事： Executive Directors: Mr. Chen Yixi (Chairman)Mr. Yuan Zhenhua (President)Mr. Wu WeimingMr. Zhang Baojun (Chief Financial Officer) 非 執 行 董 事： Non-executive Director:Mr. Miao Bingwen 獨 立 非 執 行 董 事： Independent Non-executive Directors: Mr. Kwong Wai Sun WilsonMr. Xu ChengmingMr. Zheng Hongliang 授 權 代 表 AUTHORISED REPRESENTATIVES Mr. Yuan ZhenhuaMr. Leung Chi Kit 審 核 委 員 會 AUDIT COMMITTEE Mr. Kwong Wai Sun Wilson (Chairman)Mr. Miao BingwenMr. Xu ChengmingMr. Zheng Hongliang 薪 酬 委 員 會 REMUNERATION COMMITTEE Mr. Xu Chengming(Chairman)Mr. Miao BingwenMr. Kwong Wai Sun WilsonMr. Zheng Hongliang 提 名 委 員 會 NOMINATION COMMITTEE Mr. Chen Yixi (Chairman)Mr. Xu ChengmingMr. Kwong Wai Sun WilsonMr. Zheng Hongliang 公 司 秘 書 COMPANY SECRETARY Mr. Leung Chi Kit 註 冊 辦 事 處 REGISTERED OFFICE Victoria Place5th Floor31 Victoria StreetHamilton HM10Bermuda Victoria Place5th Floor31 Victoria StreetHamilton HM10Bermuda 香 港 主 要 營 業 地 點 PRINCIPAL PLACE OF BUSINESS INHONG KONG 181151503 Suite 1503, Level 15Admiralty Centre Tower 118 Harcourt RoadAdmiralty, Hong Kong 股 份 代 號1028 STOCK CODE1028 公 司 網 址www.cbanner.com.cn COMPANY WEBSITEwww.cbanner.com.cn 法 律 顧 問 LEGAL ADVISER 884402 David Lo & PartnersSuite 402, 4/F, Nan Fung Tower88 Connaught Road CentralCentral, Hong Kong 核 數 師 AUDITORZHONGHUI ANDA CPA LimitedCertified Public Accountants Corporate Information 股 份 過 戶 處 SHARE REGISTRARS 股 份 登 記 總 處 及 股 份 過 戶 代 理 Principal Share Registrar and Share Transfer Agent Ocorian Management (Bermuda) LimitedVictoria Place5th Floor31 Victoria StreetHamilton HM10Bermuda OcorianManagement (Bermuda) LimitedVictoria Place5th Floor31 Victoria StreetHamilton HM10Bermuda 香 港 股 份 過 戶 登 記 分 處 Hong Kong Branch Share Registrar and Transfer Office 183171712-1716 Computershare Hong Kong Investor Services LimitedShops 1712-1716, 17th FloorHopewell Centre183 Queen’s Road EastWanchaiHong Kong 主 要 往 來 銀 行 PRINCIPAL BANKERS AgriculturalBank of China, Nanjing Qinhuai sub-branchBank of China, Suining sub-branchChina Construction Bank, Suining sub-branch Financial Highlights財務摘要 Management Discussionand Analysis管 理 層 討 論 及 分 析 Management Discussion and Analysis管理層討論及分析 業 務 回 顧 BUSINESS OVERVIEW 202320223.1%20232.1%5.6%11.3% The global economy is predicted to remain subdued for 2023 as countriescontinue to face a variety of challenges. According to the World Bank,global growth is slowing significantly because of elevated inflation,higher interest rates, reduced investment, and disruptions caused bytheRussia/Ukraine conflict. Furthermore, the World Bank forecastsa declineinglobaleconomicgrowthfrom 3.1% in 2022 to 2.1% in 2023. However,the World Bank has a more optimistic outlook for China, raisingitsprediction for China’s economic growth to 5.6% this year, up by 1.3%from its January forecast. The increase in growth is attributed to China’seconomicpoliciesto maintain stable growth. 202320235.5%5%59.3 China’s economic indicators for the first half of 2023 showed a steadypost-COVID recovery. According to statistics from the National Bureauof Statistics, China’s GDP exceeded its annual target of 5%, as it grew5.5% year-on-year in the first half of 2023, withGDPhaving reachedRMB59.3 trillion. However, China’s economy still faces numerouschallenges including weak domestic and external demand, a multi-yearproperty downturn, and geopolitical tensions. 2023227,5888.2%72.5% In the first half of 2023, total retail sales of consumer goods wereRMB22,758.8 billionwitha year-on-year increase of 8.2%. Yet, inJuly, retail sales growth of 2.5% year-on-year was lower than expected,according to the National Bureau of Statistics. In the face of weakeningdomestic and external demand, China is stepping up policy support,including cutting key interest rates. The policy measures are expected toboost market confidence and spur more pronounced growth in the thirdand fourth quarters. The momentum in consumer consumptionwhich appearedafter Chinareopened its economy hasbegunto slowdown, weighingoneconomicrecovery. However, with support policies in place and more stimulusonthe horizon, Chinese consumption is expected to rebound as thebusinessenvironment improves. We believed that with continued support from theCentral government, the fundamentals of China’s long-term economicgrowth remain unchanged,