维珍妮中期报告 2023/24

Stock Code股份代號: 2199 INTERIM REPORT2023/24中期報告 CONTENTS Corporate Information2Financial Highlights5Management Discussion and Analysis7Report on Review of Interim Financial Information40Interim Condensed Consolidated Income Statement42Interim Condensed Consolidated Statement of Comprehensive Income43Interim Condensed Consolidated Balance Sheet44Interim Condensed Consolidated Statement of Changes in Equity46Interim Condensed Consolidated Cash Flow Statement48Notes to the Interim Condensed Consolidated Financial Information50Other Information94 CORPORATE INFORMATION Board of DirectorsExecutive Directors Mr. HUNG Yau Lit (also known as YY Hung)(Chairman and Chief Executive Officer)Mr. YIU Kar Chun Antony(Chief Financial Officer)Mr. LIU ZhenqiangMr. CHEN Zhiping(Chief Operating Officer)Ms. SZE Shui Ling Independent Non-executive Directors Dr. OR Ching FaiMrs. TO WONG Wing Yue AnnieMs. TAM Laiman Board CommitteesAudit CommitteeDr. OR Ching Fai(Chairman)Mrs. TO WONG Wing Yue AnnieMs. TAM Laiman Remuneration Committee Mrs. TO WONG Wing Yue Annie(Chairman)Mr. HUNG Yau Lit (also known as YY Hung)Ms. TAM Laiman Nomination Committee Mr. HUNG Yau Lit (also known as YY Hung)(Chairman)Mrs. TO WONG Wing Yue AnnieMs. TAM Laiman Environmental, Social and Governance CommitteeMr. CHEN Zhiping(Chairman)Ms. SZE Shui LingDr. OR Ching Fai Authorised RepresentativesMr. YIU Kar Chun AntonyMr. LAW Kwan Chuen REGINA MIRACLE INTERNATIONAL (HOLDINGS) LIMITED CORPORATE INFORMATION Company SecretaryMr. LAW Kwan Chuen Auditor 22 PricewaterhouseCoopersCertified Public AccountantsRegistered Public Interest Entity Auditor22/F, Prince’s BuildingCentralHong Kong Registered Office Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands Principal Place of Business and Head Officein Hong Kong 10th Floor, Tower ARegent Centre63 Wo Yi Hop RoadKwai ChungHong Kong 63A10 Principal Share Registrar Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands Hong Kong Branch Share Registrar Computershare Hong Kong Investor Services LimitedShops 1712-1716, 17th FloorHopewell Centre183 Queen’s Road EastWanchaiHong Kong 183171712-1716 CORPORATE INFORMATION Principal Bankers The Hongkong and Shanghai Banking Corporation LimitedHang Seng Bank LimitedBank of China (Hong Kong) Limited Investor and Press Relations Adviser Strategic Financial Relations Limited24/F, Admiralty Centre I18 Harcourt RoadHong Kong 1824 www.reginamiracleholdings.com Company Websitewww.reginamiracleholdings.com 2199 Stock Code2199 The board of directors (the “Board”) of Regina MiracleInternational (Holdings) Limited (“Regina Miracle” orthe “Company”) is pleased to announce the unauditedinterim results of the Company and its subsidiaries(collectively, the “Group”) for the six months ended 30September 2023 (“1HF2024” or the “Period”), togetherwith the comparative figures for the corresponding yearin 2022 (“1HF2023”). 20239 30202420222023 FINANCIAL HIGHLIGHTS #These are not measures of performance under Hong KongFinancial Reporting Standards (“HKFRS”), but are widelyused by management for monitoring business performanceof a company from operational perspective. They may notbe comparable to similar measures presented by othercompanies. * *Adjusted profit attributable to owners of the Company andadjusted earnings before interest, taxes, depreciation andamortisation are derived by excluding restructuring costand share of net losses/profits of associates accounted forusing the equity method. MANAGEMENT DISCUSSION AND ANALYSISMANAGEMENTDISCUSSIONAND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS MARKET REVIEW During the Period, the pace of economic growth sloweddue to the sluggish recovery of the global economy,intensifying unilateralism and trade protectionism, andgeopolitical tensions. As a result of high inflation inthe world’s major economies, rising interest rates inrelated currencies, and continued lukewarm consumersentiment, overall market recovery was more tepidthan expected. Furthermore, the supply chains wereconsistently adapted in accordance with the externalcircumstances. While there were marginal improvementsin the inventory levels of certain brand partners, thedestocking process persisted. With brand partnersgenerally embracing a prudent inventory managementstrategy, the pace of orders has been consistentlyadapted, leading to shortened order cycles in the industryas a whole. The end market remains discerning asconsumers are increasingly prioritizing products withspecialized design, sophisticated production, exquisiteaesthetics and superior quality. IDMVictoria’sSecret & Co.Victoria’s Secret Amidst the industry downturn, Regina Miracle hasundertaken a comprehensive revi