茂業國際：2024年度報告.pdf

1、CONTENTS?2Corporate Profile?3Mission Statement?4Financial Highlights?6Retail Network?9Chairmans Statement?12Management Discussion and Analysis?27Biographies of Directors and Secretary?31Corporate Governance Report?46Environmental,Social and Governance Report?76Directors Report?91Independent Auditors

2、 Report?99Consolidated Statement of Profit or Loss?100Consolidated Statement of Comprehensive Income?101Consolidated Statement of Financial Position?104Consolidated Statement of Changes in Equity?106Consolidated Statement of Cash Flows?109Notes to Financial Statements?235Corporate Information?CORPOR

3、ATE PROFILE?MAOYE INTERNATIONAL HOLDINGS LIMITED?ANNUAL REPORT 2024?2Maoye International Holdings Limited(the“Company”)was incorporated in the Cayman Islands with limited liability on 8 August 2007.The Company and its subsidiaries(the“Group”)are principally engaged in the operation and management of

4、 department stores and property development in the Peoples Republic of China(the“PRC”).The shares of the Company were listed on the Main Board of The Stock Exchange of Hong Kong Limited(the“Stock Exchange”)on 5 May 2008(the“Listing Date”).With a unique operation model of“retail+commercial property”,

5、the Group has been growing rapidly since its establishment,and has achieved scale expansion across the country by duplicating this model.Supported by lands acquired at low costs,the Group uses its physical retail to nurture property,building a closed ecological cycle in which its core business suppl

6、ements and supports each other.Since Shenzhen Dongmen store,the first store of the Group,opened in 1997,the Group has been concentrating on development and careful planning for over 20 years,and leveraging its strong competitiveness and reform and innovation keeping pace with times,the leading posit