中港照相2024/25中期业绩报告

2024/25 股份代号 InterimReport 中期业绩报告 CorporateInformation 公司资料 BOARDOFDIRECTORSEXECUTIVEDIRECTORS SunTaoHungStanley(DeputyChairmanandChiefExecutiveOfficer) SunTaoHsiRyanChanWaiKwanRita NON-EXECUTIVEDIRECTORS SunTaiLunDennis(Chairman) FungYueChunStephen INDEPENDENTNON-EXECUTIVEDIRECTORS LauWilliamWayneLiKaFaiDavid LiuJianHuiAllanWongChiYunAllan COMPANYSECRETARY ChanWaiKwanRita PRINCIPALBANKERS BankofChina(HongKong)Limited IndustrialandCommercialBankofChina(Asia)LimitedTheHongkongandShanghaiBankingCorporationLimited AUDITOR PricewaterhouseCoopersCertifiedPublicAccountants RegisteredPublicInterestEntityAuditor REGISTEREDOFFICE VictoriaPlace,5thFloor31VictoriaStreetHamiltonHM10Bermuda PRINCIPALOFFICEINHONGKONG 8thFloor,TsuenWanIndustrialCentre220-248TexacoRoad TsuenWan,HongKong PRINCIPALSHAREREGISTRARANDTRANSFEROFFICE MUFGFundServices(Bermuda)Limited4thFloorNorth CedarHouse 41CedarAvenueHamiltonHM12Bermuda HONGKONGBRANCHSHAREREGISTRARANDTRANSFEROFFICE TricorTengisLimited 17/F,FarEastFinanceCentre16HarcourtRoad HongKong 董事会 执孙行道董弘（事副主席兼行政总裁） 孙道熙 陈蕙君 非孙执大行伦（董主事席） 冯裕津 独刘立思非湛执行董事 李家晖刘健辉黄子欣 公陈司蕙秘君书 主中要国银银行行（香港）有限公司 中国工商银行（亚洲）有限公司香港上海汇丰银行有限公司 核罗数兵师咸永道会计师事务所执业会计师 注册办事处 注册公众利益实体核数师 VictoriaPlace,5thFloor31VictoriaStreetHamiltonHM10Bermuda 主要股份过户登记处 香香港港主荃要湾办事处德士古道220-248号荃湾工业中心8楼 MUFGFundServices(Bermuda)Limited4thFloorNorth CedarHouse 41CedarAvenueHamiltonHM12Bermuda 香港股份过户登记分处 卓香佳港登捷时有限公司 夏悫道16号 远东金融中心17楼 Contents 目录 管理层讨论及分析 2ManagementDiscussionandAnalysis 权益披露 8DisclosureofInterests 企业管治及其他信息 13CorporateGovernanceandOtherInformation 中期财务资料的审阅报告 15ReportonReviewofInterimFinancialInformation 简明综合收益表 17CondensedConsolidatedIncomeStatement 简明综合全面收益表 18CondensedConsolidatedStatementofComprehensiveIncome 简明综合财务状况表 19CondensedConsolidatedStatementofFinancialPosition 简明综合权益变动表 21CondensedConsolidatedStatementofChangesinEquity 简明综合现金流量表 22CondensedConsolidatedStatementofCashFlows 简明综合中期财务资料附注 23NotestotheCondensedConsolidatedInterimFinancialInformation 词汇 43Glossary InterimReport2024/25中期业绩报告1 ManagementDiscussionandAnalysis 管理层讨论及分析 OVERALLREVIEWREVENUEANDRESULTS Inthefirsthalfofthecurrentyear,theCompanyreportedadeclineof7.5%intheconsolidatedrevenue,decreasingfromHK$579millioninthePreviousPeriodtoHK$536million.Theshiftwasattributabletoarangeoffactors,particularlytheunexpectedandyetexceptionallyrobustperformanceregisteredinthePreviousPeriod,whichprovidedarelativelyhighbaselineforcomparison. TheanticipatedpaceofeconomicrecoveryinHongKonghasbeenfarfromsatisfactorysincethesecondhalfofthePreviousYear.Thepropertymarkethasexhibitedongoingsluggishnesswhilethestockmarkethasswungupanddown.Amidchangingconsumerpatterns,astrongHongKongdollarandanincreasingpopularityofoutboundtravel,thelocalretailmarkethasexperiencedpersistentchallengesduetoahamperedwillingnesstospend,resultinginageneralrevenuedeclineacrossmostbusinesssegmentsoftheGroup. Grossprofitmarginshowedaslightdecreasefrom26.4%inthePreviousPeriodto25.6%,primarilyduetoareducedsalesproportionofhigher-marginproductsandservices.ThenetprofitattributabletoShareholdersforthePeriodwasHK$7.1million,reflectingasignificantdeclineof75.2%comparedtothePreviousPeriod.Apartfromthedropinrevenueandgrossprofit,thevaluationlossofHK$6.0million(PreviousPeriod:HK$5.3million)frominvestmentproperties,drivenbytheslowpropertymarketsinHongKongandthePRC;theimpairmentlossonfinancialassetsofHK$1.5million(PreviousPeriod:nil),duetouncertaintyinrecoveringtradereceivablesfromacustomer;theimpairmentlossonproperty,plantandequipment,andright-of-useassetsofHK$2.3million(PreviousPeriod:HK$1.3million)resultingfromcertainloss-makingorunderperformedretaillocations;togetherwiththeincometaxexpenseofHK$3.6million(PreviousPeriod:incometaxcreditofHK$1.7million)givingrisetoasignificantdropofthenetprofitattributabletoShareholders. BasicearningspersharestoodatHK0.60centforthePeriod,downfromHK2.43centsinthePreviousPeriod.Inlightoftheprevailingeconomicuncertainties,theBoarddoesnotrecommendthepaymentofanyinterimdividendforthePeriod. 整体回顾 收益及业绩 于本年度上半年，本公司的综合收益由去年同期的港币5.79亿元下跌7.5%至港币5.36亿元。综合收益下跌受多项因素影响，尤其是去年同期表现异常强劲，业绩超乎预期，造成相对较高的比较基准。 自上年度下半年以来，香港经济的复苏步伐未如预期，表现强差人意。物业市场持续低迷，股市大起大落。随着消费模式转变、港币呈现强势及出境旅游成为热潮，本地零售市场因消费意欲不振而持续面临挑战，导致本集团大部分业务分部的整体收入下跌。 毛利率由去年同期的26.4%轻微下降至25.6%，主要是由于高利润产品及服务的销售比例减少所致。本期间的股东应占净利润为港币710万元，较去年同期大幅下跌75.2%。除收益及毛利下跌外，投资物业因香港及中国物业市场放缓出现估值亏损港币600万元（去年同期：港币530万元）；因向一名客户收回贸易应收账项存在不确定性而产生金融资产减值亏损港币150万元（去年同期︰零）；因若干零售点产生亏损或未达标而产生物业、厂房及设备，以及使用权资产减值亏损港币230万元（去年同期：港币130万元），加上所得税开支港币360万元 （去年同期：所得税抵免港币170万元），种种原因导致股东应占净利润大幅下降。 每股基本盈利由去年同期的2.43港仙下降至本期间的0.60港仙。由于当前经济前景不明朗，董事会不建议就本期间派付任何中期股息。 2China-HongkongPhotoProductsHoldingsLimited中港照相器材集团有限公司 BUSINESSREVIEWMERCHANDISING PhotographicProducts DuringthePeriod,thesegmentrecordedanotabledeclineinsalesofdigitalcamerasandlenses,withadecreaseof12.2%comparedtothePreviousPeriod.DespitetheenduringpopularityofFUJIFILM’sofferings,thisdownturncouldlargelybeattributedtothelimitedproductioncapacity,whichhindereditsabilitytomeettheincreasingdemand.NewproductslaunchedduringthePer