中国派对文化2023 年报

(Incorporated in the Cayman Islands with limited liability於開曼群島註冊成立的有限公司)Stock Code股份代號:1532 Annual Report2023年報 Corporate Information2Chairman’s Statement4Directors’ Business Review andManagement Discussion and Analysis6Corporate Governance Report21Directors and Senior Management41Report of the Directors44Independent Auditor’s Report58Consolidated Statement of Profit or Loss andOther Comprehensive Income66Consolidated Statement of Financial Position68Consolidated Statement of Changes in Equity70Consolidated Statement of Cash Flows71Notes to the Consolidated Financial Statements73Five-Year Financial Summary180 Corporate Information公司資料 BOARD OF DIRECTORS Executive DirectorsMr. Teng Hao(Chairman)Mr. Xu Chengwu(Chief Executive Officer) Independent Non-executive DirectorsMr. Zheng Jin MinMr. Chen Wen HuaMs. Peng Xu AUDIT COMMITTEE Mr. Zheng Jin Min(Chairman)Mr. Chen Wen HuaMs. Peng Xu REMUNERATION COMMITTEE Mr. Chen Wen Hua(Chairman)Mr. Xu ChengwuMs. Peng Xu NOMINATION COMMITTEE Ms. Peng Xu(Chairlady)Mr. Teng HaoMr. Chen Wen Hua COMPANY SECRETARYMr. Chong Man Hung Jeffrey REGISTERED OFFICE Windward 3Regatta Office ParkP.O. Box 1350Grand Cayman KY1-1108Cayman Islands Windward 3Regatta Office ParkP.O. Box 1350Grand Cayman KY1-1108Cayman Islands HEADQUARTER AND PRINCIPAL PLACE OFBUSINESS IN THE PRC 3 No. 3 Chunchao RoadYichun Economic & Technological Development ZoneJiangxi Province, China PLACE OF BUSINESS IN HONG KONG Room 225–27, 2/F.Mega Cube, 8 Wang Kwong RoadKowloon Bay, KowloonHong Kong 82225–27 SHARE REGISTRAR AND TRANSFER OFFICE Principal Ocorian Trust (Cayman) LimitedWindward 3Regatta Office ParkP.O. Box 1350Grand Cayman KY1-1108Cayman Islands Ocorian Trust (Cayman) LimitedWindward 3Regatta Office ParkP.O. Box 1350Grand Cayman KY1-1108Cayman Islands 1617 Hong Kong branchTricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong LEGAL ADVISORTC & Co., Solicitors AUDITORGrant Thornton Hong Kong LimitedCertified Public Accountants 1532 STOCK CODE1532 www.partytime.com.cn COMPANY WEBSITEwww.partytime.com.cn ir@partytime.com.cn INVESTORS RELATIONSir@partytime.com.cn Chairman’s Statement主席報告 Dear Shareholders: On behalf of the board (the “Board”) of directors (the “Directors”) ofChina Partytime Culture Holdings Limited (the “Company”, togetherwith its subsidiaries, collectively referred to as (the “Group”), I ampleased to present to you the annual report of the Group for the yearended 31 December 2023. 10 The Group is principally engaged in the design, development,production, selling and marketing of cosplay products (includingcosplay costumes and cosplay wigs) and non-cosplay apparelswhich include mainly sexy lingerie. Our products are principally forexport sales to more than 10 countries and regions around the globeincluding mainly the U.S., Germany, the UK, Japan and Australia. In 2019, the Group also diversified and expanded to sub-leasingbusiness by entering several lease agreements which relate to thefactory premises situated in the PRC. During the year ended 31 December 2022, the Group also acquiredZhejiang Kelee which is principally engaged in the research anddevelopment, manufacturing and sale of fabric care, personalhygiene and home care products, etc. RESULTS SUMMARY 355.718.1%24.5%5.2%23.915.15.8%92.5 The turnover for the year ended 31 December 2023 amountedto approximately RMB355.7 million, representing an increase of18.1% as compared to that in 2022. Gross profit margin and netloss margin were approximately 24.5% and 5.2% respectively. TheGroup recorded a loss for the year attributable to owners of theCompany of approximately RMB23.9 million as compared to a loss ofapproximately RMB15.1 million for the corresponding year in 2022,which represented an increase of 5.8%. The Group maintainedhealthy financial position with net current assets of RMB92.5 millionand net cash position at the financial year end. PROSPECTS In the future, the global economy is likely to face obstacles suchas elevated interest rates, geopolitical tensions, and trade conflictsbetween China and the United States. These challenges will continueto cast a shadow over the global economy, even as some positiveindicators emerge. Despite this, there is a prevailing belief amongmarket experts that interest rates have reached their peak, and theremay be potential rate cuts in 2024. If these predictions prove to beaccurate, it is possible that the overall sentiment surrounding globalbusiness and investment will improve. The Group will continue to use its best endeavor to improve theefficiency and effectiveness of its operation. Moreover, the Board willseek opportunities to diversify our business and broaden our revenuestream by acquiring of intellectual property right with potential growthand collaborating with companies in our upstream and downstreamindustries. The Group will continue to evaluate and identify targetcompanies which have investment value and whi