PDF《公司资料 Corporate》

88 Queensway Hong Kong LEGAL ADVISOR H.M. Chan &

Co in association with Taylor Wessing 21/F

8 Queen'

s Road Central Central Hong Kong 主要股份过户登记处 Royal Bank of Canada Trust Company (Cayman) Limited 4th Floor, Royal Bank House

24 Shedden Road, George Town Grand Cayman KY1-1110 Cayman Islands 香港股份过户登记分处 宝德隆证券登记有限公司 香港 北角 电气道

148 号21 楼2103B 室 核数师 德勤 ? 关黄陈方会计师行 执业会计师 香港 金钟道

88 号 太古广场一期

35 楼 法律顾问 陈浩铭律师事务所 与泰乐信联盟 香港 中环 皇后大道中

8 号21 楼55FINANCIAL REVIEW Operating Revenue An analysis of the operating revenue by product categories of Christine International Holdings Limited (the Company ) and its subsidiaries (the Group ) for the six months ended

30 June

2018 (the Period ) and

2017 is set out as follows: 截至二零一八年 六月三十日止六个月 截至二零一七年 六月三十日止六个月 Six months ended

30 June

2018 Six months ended

30 June

2017 人民币千元 人民币千元 人民币千元 人民币千元 RMB'

000 RMB'

000 RMB'

000 RMB'

000 营业收入 营业毛利 营业收入 营业毛利 Operating Revenue Gross Operating Profit Operating Revenue Gross Operating Profit 面包及蛋糕 Bread and cakes 246,296 93,593 298,537 126,468 点心 Pastries 38,858 24,285 46,920 30,765 其他 Other 27,817 16,397 33,753 19,444 312,971 134,275 379,210 176,677 For the six months ended

30 June 2018, the Group'

s operating revenue was approximately RMB312,971,000, representing a decrease of approximately 17.5% as compared with approximately RMB379,210,000 for the corresponding period in 2017. Due to the gradual decrease in the numbers of stores in recent years, keen competition with numerous new business models and artisanal bakeries, traditional physical store services models and packaged products have difficulty on capturing market attention, therefore the Group'

s brand recognition was not as strong as before, and the market share has continuously and gradually decreased by each year before any revolutionary changes in operation occurred. 财务回顾 营业收入 克莉丝汀国际控股有限公司 ( 「本公司」 ) 及其附属公司 ( 「本集 团」 ) 截至二零一八年及二零一七年六月三十日止六个月 ( 「本 期间」 ) ,按产品类别划分的营业收入分析如下: 截至二零一八年六月三十日止六个月,本集团营业收入约为 人民币 312,971,000 元,较二零一七年同期营业收入约人民 币379,210,000 元减少约 17.5%.由於近年来门店数量渐 减,新业态与精品烘焙大举投入竞争,传统的店面服务模式 与袋装产品已不易吸引市场关注度,因此集团品牌号召力未 及过往,在未发生任何颠覆性的运营变革前,市场份额逐年 递减.

6 6 After evaluation, some of the stores were closed down for factors such as poor revenue performance, drastic rise on rent, difficult recovery from refurbishment and renovation, and slight re-baked store types are opened simultaneously to test market acceptance. The number of stores fell from

672 at the end of June

2017 to

616 at the end of first half of 2018, of which

63 stores were closed down,

7 stores were newly opened, representing a total net decrease of

56 stores. The numbers of stores closing down were more than that for the corresponding period in the previous period, with the view to achieving alternation of generation between old store types and new store types by closing down old stores and opening new stores. Among these closed down stores,