旷世芳香二零二四年中期报告

CONTENTS目錄 04Definition釋義06Corporate information公司資料08Management discussion and analysis管理層討論與分析15Corporate governance report企業管治報告16Other information其他資料21Interim condensed consolidated statement of comprehensive income中期簡明綜合全面收益表23Interim condensed consolidated statement of financial position中期簡明綜合財務狀況表25Interim condensed consolidated statement of changes in equity中期簡明綜合權益變動表26Interim condensed consolidated statement of cash flows中期簡明綜合現金流量表28Notes to the interim condensed consolidated financial statements中期簡明綜合財務報表附註 BOARD OF DIRECTORS Executive directorsMr. JIN Jianxin (Chairman)Mr. TIAN Dong Non-executive directorMr. SHAO Patrick Independent non-executive directorsMr. LAI Chun YuMs. XU QiongMr. ZHOU Kai COMPANY SECRETARY Mr. LAU Chung Wai (FCPA (Practising)) AUDIT COMMITTEE Mr. LAI Chun Yu (Chairman)Mr. SHAO PatrickMr. ZHOU Kai REMUNERATION COMMITTEE Mr. ZHOU Kai (Chairman)Mr. JIN JianxinMr. LAI Chun Yu NOMINATION COMMITTEE Ms. XU Qiong (Chairlady)Mr. JIN JianxinMr. LAI Chun Yu AUTHORISED REPRESENTATIVES (for the purpose of the Listing Rules)Mr. LAU Chung WaiMr. TIAN Dong EXTERNAL AUDITOR 22 PricewaterhouseCoopersCertified Public AccountantsRegistered Public Interest Entity Auditor22nd FloorPrince’s BuildingCentral, Hong Kong KWUNG’S AROMA HOLDINGS LIMITEDInterim Report 2024 REGISTERED OFFICE 89 Nexus WayCamana BayGrand CaymanKY1-9009Cayman Islands 89 Nexus WayCamana BayGrand CaymanKY1-9009Cayman Islands PRINCIPAL PLACE OF BUSINESS INHONG KONG 84111102 Unit 1102, 11th Floor, Brill PlazaNo. 84 To Kwa Wan RoadTo Kwa Wan, KowloonHong Kong HEAD OFFICE AND PRINCIPAL PLACE OFBUSINESS IN THE PRC 827 827 Qixiang RoadNingbo City, Zhejiang ProvincePRC PRINCIPAL SHARE REGISTRAR Ogier Global (Cayman) Limited89 Nexus WayCamana BayGrand CaymanKY1-9009Cayman Islands Ogier Global (Cayman) Limited89 Nexus WayCamana BayGrand CaymanKY1-9009Cayman Islands HONG KONG SHARE REGISTRAR 1617 Tricor Investor Services Limited17th Floor, Far East Finance CentreNo. 16 Harcourt RoadHong Kong STOCK CODE 1925 1925 WEBSITE http://www.kwungs.com(information on the website does not form part of this interim report) http://www.kwungs.com BUSINESS REVIEW AND RECENTDEVELOPMENT The Group provides solutions to customers on design and manufactureof home decoration products and home fragrance products, comprisingcore products such as home fragrance candles and home fragrancediffusers, which are considered to be widely used in people’s daily life. 2020 The Group has set up a production plant in Yinzhou District, NingboCity, Zhejiang Province, the PRC (the“New Yinzhou Plant”), whichhas started operating since 2020. The New Yinzhou Plant has beenequipped with more advanced and automated production equipmentand better logistics solution. The Group further enhanced its productionefficiency by implementing“Informatisation”on the supply chain andproduction cycle, which has been recognised by the Group’s customersas the production time can be further shortened. 2022896,0002023187,0001802024 In addition to the New Yinzhou Plant, the Group has also taken asignificant step to establish a new comprehensive production base inWuhu City, Anhui Province, the PRC. Following the acquisition of apiece of land located at the Sanshan Economic Development Zone* () with a total site area of approximately 96,000 sq.m.(the“Land”) in August 2022, the Group also entered into a constructionagreement in January 2023 for design and construction of productionfacilities, including warehouses, workshop buildings and staff quarters,with a construction area of approximately 87,000 sq.m. on the Land.The total cost for this new production base is estimated to be morethan RMB180 million and the production capacity is expected to bereleased in the fourth quarter of 2024. FINANCIAL REVIEW Revenue 2024630 The Group’s revenue mainly arises from the sales of the Group’s candlesproducts, home fragrance products and home accessories, and tradingof wax during the six months ended 30 June 2024. 2023630302.132.110.6%2024630334.2 There is an increase in revenue of approximately RMB32.1 million orapproximately 10.6% to approximately RMB334.2 million for the sixmonths ended 30 June 2024 from approximately RMB302.1 millionfor the six months ended 30 June 2023. The increase in revenuewas mainly because of the increase in purchase orders from existingcustomers, and also the appreciation of USD against RMB during thecurrent period, causing the sales of products denominated in USD togenerate more revenue. Gross profit and gross profit margin 202363022.1%202463024.4%2024630 The Group’s gross profit margin increased to approximately 24.4% forthe six months ended 30 June 2024 from approximately 22.1% for thesix months ended 30 June 2023. The increase in gross profit marginwas mainly due to the depreciation of RMB against USD during the sixmonths ended 30 June 2024. Purchase orders received from customersare denominated in USD while the majority of