Stock Code: 1234
Report Interim 2021
CONTENTS
- Financial Highlights
- Management Discussion and Analysis
- Review Report of the Auditor
- Condensed Consolidated Statement of Profit or Loss and
- Other Comprehensive Income
- Condensed Consolidated Statement of Financial Position
- Condensed Consolidated Statement of Changes in Equity
- Condensed Consolidated Statement of Cash Flows
- Notes to the Unaudited Interim Financial Report
- Other Information
FINANCIAL HIGHLIGHTS
Six months ended 30 June | ||||
2021 | 2020 | Changes | ||
(RMB million) | (RMB million) | (%) | ||
Revenue | 1,354.3 | 1,093.3 | +23.9 | |
Gross profit | 670.8 | 431.0 | +55.6 | |
Profit from operations | 307.8 | 306.7 | +0.4 | |
Profit for the period | 271.5 | 268.9 | +0.9 | |
(RMB cents) | (RMB cents) | (%) | ||
Earnings per share | ||||
- Basic | 22.7 | 22.5 | +0.9 | |
- Diluted | 22.6 | 22.5 | +0.4 | |
Interim dividend per share | HK13 cents | HK12 cents | +8.3 | |
Special interim dividend per share | HK5 cents | HK5 cents | - | |
(%) | (%) | (% points) | ||
Gross profit margin | 49.5 | 39.4 | +10.1 | |
Operating profit margin | 22.7 | 28.1 | -5.4 | |
Net profit margin | 20.0 | 24.6 | -4.6 | |
Return on average shareholders' equity(1) | 7.4 | 7.5 | -0.1 | |
Effective tax rate | 17.0 | 17.6 | -0.6 | |
Advertising and promotional expenses and | ||||
renovation subsidies (as percentage of revenue) | 6.4 | 7.5 | -1.1 | |
Six months | Six months | |||
ended | Year ended | ended | ||
30 June 2021 31 December 2020 | 30 June 2020 | |||
Average inventory turnover days(2) | 208 | 168 | 185 | |
Average trade receivables turnover days(3) | 69 | 101 | 135 | |
Average trade payables turnover days(4) | 93 | 115 | 114 |
Notes:
- Return on average shareholders' equity is equal to profit for the period divided by the average of the beginning and closing balance of total shareholders' equity.
- Average inventory turnover days is equal to the average of the beginning and closing inventory balance divided by cost of sales and multiplied by the number of days in the relevant period.
- Average trade receivables turnover days is equal to the average of the beginning and closing trade receivables balance divided by revenue (including value-added tax) and multiplied by the number of days in the relevant period.
- Average trade payables turnover days is equal to the average of the beginning and closing trade and bills payables balance divided by cost of sales and multiplied by the number of days in the relevant period.
02 China Lilang Limited
MANAGEMENT DISCUSSION AND ANALYSIS
INDUSTRY REVIEW
In the first half of 2021, the novel coronavirus pandemic ("COVID-19" or the "Pandemic") overseas had not yet been brought under control, and the tensions between China and the United States continued, bringing uncertainties to the macro environment. However, China's domestic economy showed a t r e n d o f s t e a d y a n d p o s i t i v e development. According to the National Bureau of Statistics of China, the GDP of the first half of 2021 increased by 12 . 7% year - on - year. With the strengthening recovery momentum in the consumer market and the effective prevention and control of the Pandemic nationwide, the consumer demand of residents gradually increased. On the other hand, the central government has implemented a series of policies to promote domestic demand and consumption, and to further invigorate the retail market. In the first half of 2021, the total retail sales of consumer goods increased by 23.0% year-on- year, of which the total retail sales of apparel, footwear, headwear and knitwear increased by 33.7% year-on- year, showing a recovery trend on the demand side of apparel retail.
INTERIM REPORT 2021 | 03 |
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China Lilang Limited published this content on 27 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 August 2021 04:10:01 UTC.