中期報告 2016

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Transcription:

: 1146 2016

2 3 5 7 9 11 12 14 37 52 1 中期報告 2016

2 中期報告 2016 中國服飾控股有限公司 190 Elgin Avenue George Town Grand Cayman KY1-9005 Cayman Islands 1225 9 9 13 1303 www.cohl.hk 183 22

459.8 526.6 (12.7%) 309.5 384.1 (19.4%) 60.6 118.4 (48.8%) 53.3 95.7 (44.3%) 81.6 27.9 192.5% 1 1.55 2.78 (44.2%) 67.3% 72.9% (5.6) 13.2% 22.5% (9.3) 11.4% 18.0% (6.6) 31.7% 30.6% 1.1 2 2.3 2.2 +0.1 3 39 42 (3) 4 51 52 (1) 5 440 419 +21 3 中期報告 2016

1. 3,435,512,411 3,440,181,967 2. 3. x180 4. x180 5. x180 中期報告 2016 4

34 34 34 2410 5 中期報告 2016

34 1 22 中期報告 2016 6

4 459,805 526,576 (150,280) (142,440) 309,525 384,136 4 14,760 11,737 (226,659) (243,323) (26,148) (25,184) (10,880) (9,015) 60,598 118,351 5 17,181 24,565 (3,230) (6,806) 2,462 351 6 77,011 136,461 7 (24,437) (41,808) 52,574 94,653 (2,882) 127 49,692 94,780 7 中期報告 2016

53,294 95,710 (720) (1,057) 52,574 94,653 50,383 95,843 (691) (1,063) 49,692 94,780 9 1.55 2.78 中期報告 2016 8

10 240,988 246,834 12 84,952 85,765 4,642 4,653 10 106,147 112,449 70,697 70,697 150,493 141,621 125,944 108,941 783,863 770,960 13 336,125 398,599 14 89,004 118,595 15 82,740 75,720 9,261 5,026 16 473,500 380,734 17 427,723 437,890 17 168,556 165,086 1,586,909 1,581,650 18 367,508 360,245 19 78,504 105,700 20 109,744 106,041 132,916 150,238 688,672 722,224 9 中期報告 2016

898,237 859,426 1,682,100 1,630,386 9,799 7,595 1,672,301 1,622,791 21 280,661 280,661 (7,591) (7,409) 1,398,097 1,347,714 1,671,167 1,620,966 1,134 1,825 1,672,301 1,622,791 中期報告 2016 10

21 23 22 280,661 (7,409) 543 389,848 (186,036) 53,701 48,042 (10,268) 1,051,884 1,620,966 1,825 1,622,791 53,294 53,294 (720) 52,574 (2,911) (2,911) 29 (2,882) (2,911) 53,294 50,383 (691) 49,692 936 (936) (182) (182) (182) 280,661 (7,591) 543* 389,848* (186,036)* 53,701* 48,978* (13,179)* 1,104,242* 1,671,167 1,134 1,672,301 280,661 (3,669) 543 389,848 (186,036) 50,523 47,783 4,413 1,049,110 1,633,176 3,876 1,637,052 95,710 95,710 (1,057) 94,653 133 133 (6) 127 133 95,710 95,843 (1,063) 94,780 259 (259) 1,686 1,686 1,686 (2,376) (2,376) (2,376) (101,804) (101,804) (101,804) 280,661 (6,045) 543 389,848 (186,036) 52,209 48,042 4,546 1,042,757 1,626,525 2,813 1,629,338 * 1,398,097,000 1,347,714,000 11 中期報告 2016

77,011 136,461 6 7,540 5,228 6 11 146 6 944 1,023 6 786 786 6 1,686 2 2 6 53,098 35,996 (2,462) (351) (4,235) 4,760 6 7,470 6 3,364 3,230 6,806 5 (17,181) (24,565) 129,578 167,978 2,966 (33,937) 26,227 11,146 6,158 14,500 (27,196) (21,274) 3,703 (23,394) (56,560) (80,349) (3,230) (6,806) 81,646 27,864 中期報告 2016 12

11 14 (1,095) (8,580) (500) 931 876 6,360 20,109 (92,766) 293,272 2,427 (3,419) (89,978) 307,618 (182) (2,376) (268,294) (101,804) (182) (372,474) (8,514) (36,992) 1,817 (857) 172,276 199,388 165,579 161,539 17 163,556 156,505 5,000 4,500 17 168,556 161,005 2,023 5,034 (5,000) (4,500) 165,579 161,539 13 中期報告 2016

1. 22 3 190 Elgin Avenue, George Town, Grand Cayman KY1 9005, Cayman Islands 9 13 1303 CEC Outfitters Limited China Enterprise Capital Limited 中期報告 2016 14

2. 34 11 16 38 16 41 27 1 10 12 28 15 中期報告 2016

2. 3. 8 8 10% 中期報告 2016 16

4. 459,805 526,576 * 8,373 10,423 # 121 350 1,210 612 721 54 10,425 11,439 4,235 100 298 4,335 298 14,760 11,737 * # 17 中期報告 2016

5. 931 876 16,250 23,689 17,181 24,565 6. 97,182 106,444 10 7,540 5,228 11 146 7,551 5,374 45,605 48,110 22 1,686 6,492 6,275 52,097 56,071 中期報告 2016 18

6. * 12 944 1,023 * 10 786 786 ^ 7,470 ^ 3,364 (4,235) 4,760 # 53,098 35,996 46 1,973 * # ^ 19 中期報告 2016

7. 25% 39,236 46,456 (14,799) (4,648) 24,437 41,808 8. 中期報告 2016 20

9. 53,294,00095,710,000 3,435,512,411 3,440,181,967 53,294 95,710 3,445,450,000 3,445,450,000 (9,937,589) (5,268,033) 3,435,512,411 3,440,181,967 21 中期報告 2016

10. 246,834 112,449 1,095 (13) (7,540) (786) (7,470) 612 1,954 240,988 106,147 207,367 112,697 50,445 (611) (12,233) (1,572) (4,680) 1,866 6,004 246,834 112,449 19,313,000 19,191,000 103,950,0005,607,000 106,478,000 5,786,000 中期報告 2016 22

10. Artful Dodger Zoo York 11 41,650,327 49,120,327 7,470,000 4,680,000 11. 19.0%19.0% 3% 3% 19.0%20.0%Zoo York 24.0%25.0% Artful Dodger 27%28.0% 3% 3% 23 中期報告 2016

11. 12. 87,785 89,805 (944) (2,020) 86,841 87,785 15 (1,889) (2,020) 84,952 85,765 13. 14,150 11,997 4,856 6,365 317,119 380,237 336,125 398,599 中期報告 2016 24

14. 30 90 60 82,847 107,929 61 90 1,197 800 91 180 1,542 2,057 181 360 968 3,383 360 1,044 86,554 115,213 2,450 3,382 89,004 118,595 25 中期報告 2016

15. 36,305 41,188 44,546 32,512 12 1,889 2,020 82,740 75,720 16. 473,500 380,734 中期報告 2016 26

17. 163,556 160,086 432,723 442,890 596,279 602,976 * (427,723) (437,890) 168,556 165,086 * 390,000,00037,723,000 390,000,00037,723,00010,167,000 564,115,000 496,137,000 27 中期報告 2016

18. 367,508 360,245 430,000,000 390,000,000 1.50% 19. 30 24,942 36,904 31 90 3,235 10,582 91 180 75 692 181 360 5,519 2,621 33,771 50,799 44,733 54,901 78,504 105,700 30 45 60 中期報告 2016 28

20. 68,676 66,755 29,632 29,679 3,953 9,607 7,483 109,744 106,041 21. 3,445,450,000 3,445,450,000 0.1 344,545 344,545 280,661 280,661 22 29 中期報告 2016

22. 1.64 126,018,000 1.64 168,024,000 1,686,000 42,006,000 126,018,000 126,018,000 12,601,800 10,770,000194,067,720 165,864,000 126,018,000 3.66% 中期報告 2016 30

22. 23. (a) (b) South Zone Holding Limited 215,000 182,000506,000 3,036,504 2,396,0003,392,000 31 中期報告 2016

24. (a) 536 2,110 3,444 1,096 3,980 3,206 (b) 8,802 8,600 6,441 6,965 15,243 15,565 中期報告 2016 32

25. 24(b) 6,632 6,632 26. 27. 1,460 1,460 2,201 1,991 1,686 79 72 3,740 5,209 14A 33 中期報告 2016

28. 9,261 5,026 9,261 5,026 中期報告 2016 34

28. AAA 1 2 3 9,261 9,261 1 2 3 5,026 5,026 35 中期報告 2016

29. 30. 中期報告 2016 36

GDP 6.7% 10.3% 10.4%0.1 3.3%3.7% 7.0 526.612.7% 459.8 95.744.3%53.3 459.8 526.6 66.8 12.7% 375.2 32.0343.28.5% 74.6%71.3% 13.2% 84.16.4 90.57.6% 37 中期報告 2016

127.537.889.7 29.6% 19.5%24.2% (i) (ii) (iii) 23.9 3.026.912.6% 5.9%4.5% (i) 11.412.5(ii) 3.8 4.7(iii) 8.79.7 343.2 74.6 375.2 71.3% 89.7 19.5 127.5 24.2% 26.9 5.9 23.9 4.5% 459.8 100.0% 526.6 100.0% 中期報告 2016 38

38.9 4.743.6 12.1% 7.4% 9.5% 416.2 90.5% 487.7 92.6% 43.6 9.5% 38.9 7.4% 459.8 100.0% 526.6 100.0% 142.4 7.9150.3 5.5% 36.0 17.153.1 106.49.2 8.6%97.2 384.174.6309.5 19.4% 72.9% 67.3% 78.9% 79.8% 39 中期報告 2016

11.7 3.114.8 26.5% (i) 4.2 4.8(ii) 10.4 2.08.4 243.3 16.6226.7 6.8% 108.6 12.396.3 11.3% 44.3 45.0 5.7 5.8 11.3 7.5 中期報告 2016 40

25.2 0.926.1 3.6% 2.1 (i) 7.5 (ii) 3.4 17.2 24.630.1% 3.2 6.8 MCS 4.5 0.5Henry Cotton s Marina Yachting 1.50.5 Henry Cotton s0.2marina Yachting 136.5 59.577.0 43.6% 41 中期報告 2016

41.8 17.424.4 41.6%(i) 46.57.339.2 15.7%(ii) 14.8 4.6 31.7%30.6% 94.7 42.152.6 44.5% 18.0%11.4% 72.9% 5.667.3% 51.0% 55.0% 95.742.453.3 44.3% 440 419 39 42 51 52 中期報告 2016 42

21 19 398.6 62.5 336.115.7% 898.2 859.4 2.3 2.2 367.5 1,069.8 81.6 27.9 (90.0) 307.6 (0.1) (372.5) (8.5) (37.0) 1.8 (0.9) 172.3 199.4 165.6 161.5 43 中期報告 2016

27.9 53.781.6 (i) 129.6 168.0 (ii)48.0 140.1 90.0 92.8 22%22% 18 390.0 37.7 6.6 中期報告 2016 44

803.9654.8 47% 380.7 234.5 146.2 24% 193.1 193.1 19% 152.8 147.1 5.7 10% 77.3 77.3 100% 803.9 574.7 229.2 45 中期報告 2016

633 478 Jeep 216 428 644 218 450 668 Spirit* 54 9 63 65 10 75 SBPRC 177 37 214 188 42 230 59 1 60 59 1 60 MCS 52 52 52 52 75 3 78 89 89 633 478 1,111 671 503 1,174 * 3047 Jeep lady 中期報告 2016 46

603 641 122114 30 30 8 Barbour Henry Cotton s Marina Yachting 6 478 503 5.0% 47 中期報告 2016

15 Greg Norman Tharanco Lifestyles LLC d/b/a Greg Norman Collection Greg Norman Greg Norman Collection GNC GNC Greg Norman MCS MCS MCS 中期報告 2016 48

LINCS LINCS BMW Zoo York Zoo York CSP 20 8 Barbour Jeep Spirit Henry Cotton s LINCS Marina Yachting MCS Santa Barbara Polo & Racquet Club Zoo York MCS Henry Cotton s Marina Yachting Barbour LINCS Zoo York 49 中期報告 2016

B2C O2O 14.6 18.6 33.2 127.4% 2,867 52.1 56.1 17 7126,018,000 0.1 中期報告 2016 50

Greg Norman O2O 51 中期報告 2016

XV 352 1 (%) 1,000,000 15,246,000 16,246,000 0.47 9,028,000 15,246,000 24,274,000 0.70 2 1,789,636,000 1,789,636,000 51.94 452,000 6,246,000 6,698,000 0.19 600,000 10,800,000 11,400,000 0.33 750,000 750,000 0.02 750,000 750,000 0.02 750,000 750,000 0.02 (1) (2) CEC Outfitters Limited 1,789,636,000 CEC Menswear Limited CEC Menswear Vinglory Holdings Limited Vinglory 56.13% 43.87%CEC Menswear China Enterprise Capital Limited Vinglory 352 中期報告 2016 52

336 5% China Enterprise Capital Limited (1) 1,786,656,000 51.86 CEC Menswear Limited (1) 1,786,656,000 51.86 (1) 1,789,636,000 51.94 (1) 24,274,000 0.70 Vinglory Holdings Limited (1) 1,789,636,000 51.94 CEC Outfitters Limited (1) 1,786,656,000 51.86 Managecorp Limited (2) 491,784,000 14.27 LAM Lai Ming (2) 491,784,000 14.27 LI Gabriel (2) 491,784,000 14.27 YM Investment Limited (3) 491,784,000 14.27 Orchid Asia IV Investment, Limited (3) 482,078,000 13.99 Orchid Asia IV Group, Limited (3) 482,078,000 13.99 Orchid Asia IV Group Management, Limited (3) 482,078,000 13.99 OAIV Holdings, L.P. (3) 482,078,000 13.99 Orchid Asia IV, L.P. (3) 482,078,000 13.99 KRAVIS Henry Roberts (4) 285,366,000 8.33 ROBERTS George R. (4) 285,366,000 8.33 KKR Management LLC (4) 285,366,000 8.33 KKR & Co. L.P. (4) 285,366,000 8.33 KKR Group Limited (4) 285,366,000 8.33 KKR Fund Holdings GP Limited (4) 285,366,000 8.33 KKR Group Holdings L.P. (4) 285,366,000 8.33 KKR Fund Holdings L.P. (4) 285,366,000 8.33 KKR China Growth Limited (4) 285,366,000 8.33 KKR SP Limited (4) 285,366,000 8.33 KKR Associates China Growth L.P. (4) 285,366,000 8.33 KKR China Growth Fund L.P. (4) 285,366,000 8.33 KKR China Apparel Limited (4) 285,366,000 8.33 53 中期報告 2016

(1.1) 1,789,636,000 CEC Outfitters Limited 56.13% 43.87% CEC Menswear Limited CEC Menswear Vinglory Holdings Limited VingloryCEC Menswear China Enterprise Capital Limited Vinglory1,789,636,000 (1.2) 24,274,000 15,246,000 (2) 491,784,000 YM Investment Limited Managecorp Limited LI Gabriel LAM Lai MingManagecorp Limited (3) YM Investment Limited 491,784,000 (3.1) Orchid Asia IV, L.P.482,078,000 Orchid Asia IV, L.P. OAIV Holdings, L.P. OAIV Holdings, L.P.Orchid Asia IV Group Management, LimitedOrchid Asia IV Group Management, Limited Orchid Asia IV Group, Limited Orchid Asia IV Group, Limited Orchid Asia IV Investment, Limited Orchid Asia IV Investment, Limited 92.61% YM Investment Limited (3.2) Orchid Asia IV Co-Investment, Limited9,706,000 Orchid Asia IV Co-Investment Limited YM Investment Limited 中期報告 2016 54

(4) 285,366,000 KKR China Apparel Limited 90% KKR China Growth Fund L.P. KKR Associates China Growth L.P. KKR Associates KKR China Growth Fund L.P.KKR SP Limited KKR AssociatesKKR China Growth Limited KKR Associates KKR China Growth Limited KKR Fund Holdings L.P.KKR Fund Holdings GP Limited KKR Fund Holdings L.P.KKR Group Holdings L.P. KKR Fund Holdings L.P.KKR Fund Holdings G.P. Limited KKR Group Limited KKR Group Holdings L.P. KKR Group Limited KKR & Co. L.P. KKR Management LLC KKR & Co. L.P.KRAVIS Henry Roberts ROBERTS George R. KKR Management LLC KRAVIS Henry Roberts ROBERTS George R. KKR China Apparel Limited 285,366,000 336 215,000 182,000506,000 55 中期報告 2016

205,552,000 207 1 1.64 15,246,000 15,246,000 1.64 15,246,000 15,246,000 1.64 6,246,000 6,246,000 1.64 10,800,000 10,800,000 1.64 750,000 750,000 1.64 750,000 750,000 1.64 750,000 750,000 1.64 72,984,000 72,984,000 1.64 3,246,000 3,246,000 中期報告 2016 56

13.51B 2410 57 中期報告 2016

中期報告 2016 58