中国利郎2024中期报告

CHINALILANGLIMITED 中国利郎有限公司 StockCode股份代号:1234 2024 INTERIMREPORT 中期报告 CONTENTS目录 2FinancialHighlights 财务摘要 4ManagementDiscussionandAnalysis 管理层讨论及分析 24ReviewReportoftheAuditor 核数师审阅报告 26CondensedConsolidatedStatementofProfitorLossandOtherComprehensiveIncome 简明综合损益及其他全面收益表 27CondensedConsolidatedStatementofFinancialPosition 简明综合财务状况表 29CondensedConsolidatedStatementofChangesinEquity 简明综合权益变动表 30CondensedConsolidatedStatementofCashFlows 简明综合现金流量表 31NotestotheUnauditedInterimFinancialReport 未经审核中期财务报告附注 46OtherInformation 其他资料 FINANCIALHIGHLIGHTS 财务摘要 Sixmonthsended30June 截至六月三十日止六个月 20242023 二零二四年二零二三年 Changes 变幅 (RMBmillion)(RMBmillion) （人民币百万元）（人民币百万元） (%) Revenue 收入 1,600.01,491.1 +7.3 Grossprofit 毛利 800.5772.6 +3.6 Profitfromoperations 经营利润 313.8305.4 +2.8 Profitfortheperiod 期内利润 280.1270.5 +3.6 (RMBcents)(RMBcents) （人民币分）（人民币分） (%) Earningspershare 每股盈利 —Basic —基本 23.422.6 +3.6 —Diluted InterimdividendpershareSpecialinterimdividendpershare —摊薄 每股中期股息 每股特别中期股息 23.422.6HK13centsHK13cents13港仙13港仙HK5centsHK5cents 5港仙5港仙 +3.6 —— (%)(%) (%points) （百分点） Grossprofitmargin 毛利率 50.051.8 -1.8 Operatingprofitmargin 经营利润率 19.620.5 -0.9 NetprofitmarginReturnonaverageshareholders’equity(1) 净利润率 平均股东权益回报(1) 17.518.1 7.07.0 -0.6 — Effectivetaxrate Advertising,promotionalandrenovationexpenses 有效税率广告、宣传及装修 开支 18.017.5 +0.5 (aspercentageofrevenue)（占收入百分比） 13.3 13.6 -0.3 Sixmonthsended Yearended Sixmonthsended 30June2024截至二零二四年六月三十日 止六个月 31December2023截至二零二三年十二月三十一日 止年度 30June2023截至二零二三年六月三十日 止六个月 Averageinventoryturnoverdays(2)平均存货周转天数(2) 189 170 211 Averagetradereceivablesturnoverdays(3) 平均应收贸易账款 周转天数(3) 39 42 51 Averagetradepayablesturnover days(4) 平均应付贸易账款 周转天数(4) 162 130 140 02CHINALILANGLIMITED中国利郎有限公司 FINANCIALHIGHLIGHTS(CONTINUED) 财务摘要（续） Notes: (1)Returnonaverageshareholders’equityisequaltoprofitfortheperioddividedbytheaverageofthebeginningandclosingbalancesoftotalshareholders’equity. (2)Averageinventoryturnoverdaysisequaltotheaverageofthebeginningandclosinginventorybalancesdividedbycostofsalesandmultipliedbythenumberofdaysintherelevantperiod. (3)Averagetradereceivablesturnoverdaysisequaltotheaverageofthebeginningandclosingtradereceivablesbalancesdividedbyrevenue(includingvalue-addedtax)andmultipliedbythenumberofdaysintherelevantperiod. (4)Averagetradepayablesturnoverdaysisequaltotheaverageofthebeginningandclosingtradeandbillspayablesbalancedividedbycostofsalesandmultipliedbythenumberofdaysintherelevantperiod. 附注： (1)平均股东权益回报以期内利润除以股东权益总额的期初及期末平均结余计算。 (2)平均存货周转天数以期初及期末平均存货结余除以销售成本，再乘以有关期内天数计算。 (3)平均应收贸易账款周转天数以期初及期末平均应收贸易账款结余除以收入（含增值税），再乘以有关期内天数计算。 (4)平均应付贸易账款周转天数以期初及期末平均应付贸易账款及应付票据结余除以销售成本，再乘以有关期内天数计算。 二零二四年中期报告INTERIMREPORT202403 MANAGEMENTDISCUSSIONANDANALYSIS 管理层讨论及分析 INDUSTRYREVIEW Inthefirsthalfof2024,despitethecomplexandchallenginginternationalenvironmentandthedomesticimpactcomprisedofextremeweather,rainandwaterloggingdisastersandotherfactors,China’sGDPgrewby5%year-on-year,inlinewiththegrowthtargetfortheyear.Onaquarterlybasis,GDPgrewby4.7%year-on-yearinthesecondquarter,0.6percentagepointsslowerthanthefirstquarter.Intermsofsocialconsumergoodsacrossthecountry,totalretailsalesincreasedby3.7%year-on-yearinthefirsthalfoftheyear,ofwhich,retailsalesofapparel,footwear,headwearandknitwearincreasedby1.3%year-on-year.EventhoughgrowthrateswerelowerthanthoseofGDPandtotalretailsales,themarketdevelopmentremainedsteady.Astheclothingconsumershaveadoptedanincreasinglycautiousattitudetowardsconsumption,cost-effectiveproductsandpromotionalactivitieshavebecomeevenmorepopular.Atthesametime,theincreasedcompetitionamongapparelbrandshasledtotheircorrespondingadjustmentsintermsofproductpricing,promotionalstrategiesandmarketpositioning. Duringtheperiod,ChinaLilangCo.,Ltd.(the“Company”or“ChinaLilang”,togetherwithitssubsidiaries,the“Group”)differentiateditssimpleandstylishmensweardesignthroughitsdualcollections-the“LILANZ”corecollectionandthe“LESSISMORE”smartcasualcollectioninresponsetothechallengingmarketenvironment.Inpromotingthecollections,famousartistshavebeenenlistedtoserveasbrandambassadors,andtogetherwithitsdiversifiedpublicitystrategiestoleadfashionappareltrend.Inaddition,ChinaLilanghasincreasedthepromotionof itse-commercebusiness,respondingtopersonalizationneedsofthenewgenerationofconsumersandtheirpreferencetovalue-for-moneyproducts.ThisenabledtheGrouptoachievebetterperformancethanitscompetitorsandenlargeitsmarketshares. Facingwiththeever-evolvingmarketenvironmentandtheincreasingdiversificationofconsumerdemands,theLilangGrouphasunwaveringlyembracedchangesofitssaleschannels,strivingtoachievehigher-qualityandhealthygrowth.AsapioneerintheGroup'sretailbusiness,the“LESSISMORE”smartcasualcollectionhasnotonlyachievedremarkableresultsafteryearsofcultivation,butalsoaccumulatedvaluabledirect-to-retailexperiencefortheGroup.Therefore,theGroupdecidedtofirstimplementtheDTCmodel(hybridoperationofdirect-to-retailstoresandstoresofsub-distributors)oftheLILANZcorecollectioninHeilongjiangsub-duringtheperiodtoreplacethepreviousbus