Core Insights - On August 4, shareholders of Chocoolate Holdings (00653) transferred shares from Hang Seng Bank to Kingly Wealth Securities, with a market value of HKD 19.0645 million, representing 40.17% of the total shares [1] Company Actions - Chocoolate Holdings announced a board proposal to issue up to approximately 1.343 billion rights shares at a basis of "1 for 3" on the record date, with each rights share priced at HKD 0.080, which is a discount of about 25.93% compared to the last trading price of HKD 0.1080 [1] - The maximum amount to be raised through this rights issue is approximately HKD 107 million, with net proceeds not exceeding about HKD 52 million, assuming no changes in the issued share capital from the announcement date to the record date and that all eligible shareholders fully subscribe to their respective allocations in the rights issue [1]

智通财经APP获悉，香港联交所最新资料显示，8月4日，卓悦控股(00653)股东将股票由恒生银行转入金 利丰证券，转仓市值1906.45万港元，占比40.17%。 此前卓悦控股公布，董事会建议按于记录日期"1供3"基准发行最多约13.43亿股供股股份，每股供股股 份0.080港元，较最后交易日于联交所所报收市价每股0.1080港元折让约25.93%，最多募集约1.07亿港 元，所得净额将不会超过约5200万港元(假设自本公告日期起至记录日期止公司已发行股本并无变动及 所有合资格股东悉数承购其各自于供股中的配额)。 ...

Group 1 - The core point of the article is that Chocoolate Holdings (00653) is undergoing a significant share transfer and proposed rights issue to raise capital [1] - On August 1, shareholders transferred shares from Citibank to Kingly Securities, with a market value of HKD 4.7963 million, representing 9.92% of the total shares [1] - The company announced a proposed rights issue of up to approximately 1.343 billion shares at a price of HKD 0.080 per share, which is a discount of about 25.93% compared to the last trading price of HKD 0.1080 [1] Group 2 - The maximum amount to be raised from the rights issue is approximately HKD 107 million, with net proceeds not exceeding about HKD 52 million [1] - Following the trading session on April 16, 2025, the company entered into a placement agreement with the placement agent, who has agreed to use their best efforts to facilitate the subscription of any unsubscribed rights shares [1]

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00653 | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 447,715,799 | | 0 | | 447,715,799 | | 增加 / 減少 (-) | | | | | | | | | 本月底結存 | | | 447,715,799 | | 0 | | 447,715,799 | 致：香港交易及結算所有限公司 公司名稱: 卓悅控股有限公司 (於開曼群島註冊成立的有限公司) 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 ...

Business Transformation and Strategy - Bonjour has transformed from a single-category beauty retailer to a digital ecosystem integrating "cross-border eCommerce + smart logistics + AI marketing" over five years[13]. - The company is focused on building an industrial ecology by customizing new business models and services[27]. - Bonjour plans to enhance HKMall's B2B capabilities, targeting completion of the SBBC ecosystem by late 2025, connecting suppliers, distributors, and end consumers[21]. - The company aims to deepen AI technology applications to optimize supply chains and enhance operational efficiency[14]. - Bonjour's strategic investments may impact short-term profits but are expected to lay the foundation for long-term growth[19]. - The company is expanding its platform to support local merchants in establishing e-shops, addressing the high costs of physical stores[110]. - The Group has terminated traditional physical retail operations to focus resources on enhancing the HKMALL eCommerce platform and developing a new B2B business model via O2O operations in Mainland China[182][184]. - The Group is restructuring its retail infrastructure by exiting traditional markets and reallocating resources to digital retail models, which is expected to enhance long-term profitability despite short-term turnover impacts[196]. Market and Product Development - The HKMall platform covers 13 major product categories, aiming to realize the vision of "Global Products for Global Consumers"[16]. - HKMALL has expanded its product range from pure cosmetics to include "Beauty, Health & Lifestyle" products, increasing the number of SKUs to over 370,000 and suppliers to 3,600 as of December 31, 2024, compared to 310,000 SKUs and 3,200 suppliers in 2023[183][185]. - The flagship platform HKMALL offers a diverse range of beauty, skincare, health, and lifestyle products, catering to various consumer needs through both outright ownership and consignment models[200]. - HKMALL features a dedicated e-commerce section for beauty and skincare, aggregating over 100 renowned international brands, enhancing the consumer experience with premium product offerings[198]. Logistics and Infrastructure - The company has fully operationalized the Huangpu Bonded Warehouse and successfully launched the Hainan Bonded Warehouse, expanding its logistics network[17]. - Significant investments have been made to establish bonded warehouse operations in Hainan and Guangzhou, enhancing cross-border sales capabilities[187][189]. - The Group is making significant investments in bonded operations in Mainland China, including the construction of bonded warehouses and cross-border vending machines, aimed at improving cross-border e-commerce capabilities and supply chain efficiency[196]. Financial Performance - For the twelve months ended December 31, 2024, the company recorded revenue of approximately HK$80.5 million, a decrease of approximately 91.5% compared to HK$950.2 million in 2023[165]. - The company reported a loss of approximately HK$134.4 million for the period, compared to a profit of approximately HK$54.0 million in 2023[166]. - The gross profit margin improved significantly to 40.75% in 2024 from 6.64% in 2023, despite the decline in turnover[165]. - The total number of retail stores in Hong Kong and Macau decreased from 6 to 3 during the period[165]. - The company has resolved not to declare any interim dividend for the period, consistent with the previous year[166]. Management and Leadership - Mr. Chen has over 20 years of experience in innovating digitalized management systems for traditional enterprises[26]. - Since 2020, Mr. Chen has been upgrading Bonjour Group into an industrial innovation platform of "technology + consumption"[27]. - The management team includes experienced professionals with diverse backgrounds in finance, law, and business management[30][32][37][39][43][46]. Corporate Social Responsibility and Community Engagement - Since the outbreak of the pandemic, the Group has supplied over 20 million face masks at affordable prices, gaining coverage from over 17 media outlets and being recognized as one of the listed companies fulfilling CSR in Hong Kong[53]. - The company actively participates in charitable and socially responsible activities, contributing to society and supporting SMEs during difficult times[153]. - The company donated 100,000 rapid test kits in collaboration with Futu Securities International to the Hong Kong Federation of Education Workers TechEd Centre[154]. - The company is involved in various charitable events, including the "Walk for Millions" organized by The Community Chest of Hong Kong[154]. Awards and Recognition - Bonjour was listed on the Main Board of The Stock Exchange of Hong Kong (Stock Code: 653), receiving 17 times oversubscription for its initial public offering, establishing its leading status in the beauty and cosmetics industry in Hong Kong[51]. - The Group was awarded the "Top 100 Biz Awards" by Metro Finance in 2024, highlighting its recognition in the business sector[92]. - The Group has been awarded the "IFAPC Outstanding Listed Companies Award" for four consecutive years, reflecting its consistent performance in the market[96]. - The Group has received multiple awards, including the "Outstanding Listed Companies Award 2024" from The Hong Kong Institute of Financial Analysts and "Top 100 Business Awards 2024" from Metro Finance[149]. Future Outlook - The company aims to drive growth through innovation, sustainable practices, and regional collaboration in the evolving market landscape[176]. - The Greater Bay Area presents a significant opportunity for cross-border e-commerce, with disposable income exceeding RMB 2.3 trillion[175]. - The Group remains optimistic about the growth potential of cross-border e-commerce and omnichannel retail, emphasizing a commitment to building a more resilient business model[195].

Financial Performance - For the twelve months ending December 31, 2024, the company reported a revenue of HKD 80,546,000, a significant decrease of 91.5% compared to HKD 950,271,000 for the same period in 2023[4] - The cost of goods sold for the same period was HKD 47,751,000, down from HKD 887,219,000, resulting in a gross profit of HKD 32,795,000, a decline of 48.0% year-over-year[4] - The company incurred an operating loss of HKD 51,945,000, contrasting with an operating profit of HKD 43,217,000 in the previous year[4] - The net loss for the period was HKD 134,367,000, compared to a profit of HKD 53,971,000 in 2023, indicating a substantial decline in profitability[6] - The company reported a basic and diluted loss per share of HKD 56.5 cents, compared to earnings of HKD 29.1 cents per share in the previous year[4] - The group recorded a net cash outflow from operating activities of HKD 64,787,000, with current liabilities amounting to HKD 133,906,000 as of the reporting date[19] - Other income for the twelve months ended December 31, 2024, totaled HKD 5,379,000, a decrease from HKD 9,628,000 in 2023[27] - The company reported a net loss attributable to shareholders of HKD (134,367,000) for the twelve months ended December 31, 2024, compared to a profit of HKD 53,971,000 in 2023[32] - The company incurred a loss of approximately HKD 134,400,000 during the period, compared to a profit of HKD 54,000,000 in 2023[47] Assets and Liabilities - The company's total assets decreased to HKD 329,462,000 from HKD 409,733,000, reflecting a reduction of 19.6% year-over-year[8] - Current liabilities increased to HKD 226,138,000 from HKD 147,369,000, representing a rise of 53.4% compared to the previous year[9] - The company's cash and bank balances decreased to HKD 6,448,000 from HKD 16,109,000, a decline of 60.0% year-over-year[8] - The total accounts receivable increased significantly to HKD 22,800,000 in 2024 from HKD 2,003,000 in 2023, with a net accounts receivable of HKD 20,687,000 after expected credit loss provisions[39] - The company’s total borrowings increased to HKD 64,033,000 in 2024 from HKD 47,513,000 in 2023, with other borrowings rising significantly[40] - As of December 31, 2024, the net current liabilities amounted to approximately HKD 133,906,000, compared to HKD 53,000,000 on December 31, 2023[77] - The group's asset-to-liability ratio as of December 31, 2024, was approximately 0.86, compared to 0.4 on December 31, 2023[78] Revenue Breakdown - Revenue from the sale of beauty, health, and lifestyle products was HKD 51,079,000 for the year ended December 31, 2024, down from HKD 64,824,000 in 2023, representing a decrease of approximately 21%[21] - Revenue from technology product sales was HKD 29,467,000 for the year ended December 31, 2024, significantly lower than HKD 885,447,000 in 2023, indicating a decline of approximately 97%[21] - Total revenue for the group was HKD 80,546,000 for the year ended December 31, 2024, compared to HKD 950,271,000 in 2023, reflecting a decrease of approximately 92%[21] - Revenue from Hong Kong for the twelve months ended December 31, 2024, was HKD 76,179,000, compared to HKD 934,619,000 for the previous year[26] - Major clients contributed significantly to revenue, with Client A generating HKD 22,320,000 in 2024, while Client B contributed HKD 14,357,000, down from HKD 393,878,000 in 2023[27] Strategic Initiatives - The group implemented various cost control measures to tighten operating costs and is actively negotiating with external parties and banks to secure new financing sources[21] - The group plans to change its financial year-end from December 31 to June 30, with the next financial year-end set for June 30, 2025[20] - The group’s major operating decisions are divided into two reportable segments: wholesale and retail of beauty, health, and lifestyle products, and wholesale of technology products[22] - The group is focusing on sustainable growth by exiting traditional retail markets and reallocating resources to digital new retail models, which is expected to strengthen long-term profitability despite short-term revenue impacts[60] - The group is enhancing its retail ecosystem through a multi-channel approach, optimizing supply chain dynamics based on consumer behavior insights[71] Investments and Future Outlook - The group is investing heavily in the construction of bonded warehouses in Hainan and Guangzhou to enhance cross-border sales capabilities and multi-channel strategies[58] - The group maintains an optimistic outlook on the growth potential of cross-border e-commerce and omnichannel retail, emphasizing the need for a resilient and flexible business model[62] - The group expects to leverage synergies between existing retail infrastructure and advanced digital platforms as new businesses approach commercialization[76] - The group is poised to leverage post-pandemic opportunities, aiming to create sustainable returns for shareholders while reinforcing its leadership in the digital economy[74] Governance and Compliance - The company has established an audit committee consisting of three independent non-executive directors to oversee external audits and risk management assessments[102] - The company has complied with the corporate governance code as stipulated in the listing rules throughout the period[100] - The Nomination Committee has been restructured, now consisting of three members: Mr. Zhen Zhuoning (Chairman), Ms. Zhao Lijuan, and Mr. Guo Zhicheng[105] - Ms. Zhao Lijuan has been appointed as a member of the Nomination Committee effective February 28, 2025[105] - The Board of Directors includes Executive Directors Mr. Chen Jianwen and Ms. Zhao Lijuan, along with Independent Non-Executive Directors Mr. Guo Zhicheng, Mr. Li Guanqun, and Mr. Zhen Zhuoning[105] Cost Management - Employee costs, including director remuneration, have been significantly reduced to approximately HKD 43,900,000, down from HKD 59,100,000 in the previous year[92] - The group implemented strict cost control and risk mitigation measures to ensure a return to profitability and focus on sustainable technology-driven growth[76]

Business Transformation and Strategy - Bonjour has transformed its business model from direct eCommerce sales to a global platform for merchants, expanding its product range from over 4,000 SKUs to nearly 700,000 SKUs[7][8] - The HKMall platform now categorizes products into 13 major categories and 355 subcategories, enhancing the shopping experience for both merchants and consumers[8] - HKMall's services cover more than 30 countries and regions, including the UK, EU, North America, Australia, New Zealand, Southeast Asia, Turkey, the Middle East, and Mainland China[8] - The introduction of the "Bonjour Global Duty Free Outlet" has provided a collaborative space for merchants, enhancing the integration of online and offline operations[9] - HKMall is dedicated to offering one-stop services for taxation, logistics, and warehousing, effectively reducing costs and risks associated with cross-border sales[9] - Bonjour aims to strengthen its brand advantages across four collaborative business areas: "HKMall", "Bonjour Technology", "Beauty and Health Industries", and "Innovative Industries"[11] - The company is focused on developing a fully digitized operational model and diverse marketing services to optimize the consumer shopping experience[11] - Bonjour's strategy emphasizes empowering merchants and SMEs, enhancing consumer and business happiness, and strengthening Hong Kong's position as a cross-border trade service center[11] Leadership and Management - Mr. Chen has over 20 years of experience in innovating digital management systems for traditional enterprises, focusing on corporate governance and marketing strategies[12] - Since 2020, Mr. Chen has been leading the transformation of Bonjour Holdings into a "technology + consumption" industrial innovation platform[12] - Ms. Chiu holds a first-class honors bachelor's degree in economics and an executive MBA, with extensive experience in accounting and business management[18] - Mr. Wong is a fellow member of The Hong Kong Institute of Certified Public Accountants and has significant experience in risk controls and internal audit[20] - Mr. Wan had over 26 years of experience in senior management positions in the financial industry before his passing in August 2024[14] Digital Transformation and Innovation - The company is committed to digital transformation and technological innovation, aiming to create new business models and revenue sources[12] - The Group's WeChat Mall was officially launched to strengthen online sales, allowing customers to shop conveniently during the pandemic[29] - The Group invested in Evolut Holdings Pte. Ltd., a start-up registered in Singapore, to capitalize on the rapid growth of eCommerce in the Asian market[30] - Bonjour Technology Services Limited signed a strategic cooperation memorandum with Huawei International to develop innovative applications of new retail technology services[33] - The Group achieved recognition for its digital transformation, winning the "Outstanding Listed Companies Award 2021" from the Hong Kong Institute of Financial Analysts and Professional Commentators[36] - Bonjour Technology, in collaboration with Alibaba Cloud, won the "Best Retail Innovation – Technology Application Prize" for retailer group from the Hong Kong Retail Technology Industry Association[37] Financial Performance - The company reported a financial summary indicating a revenue increase of 15% year-over-year, reaching HKD 1.2 billion for the first half of 2024[96] - Revenue for the six months ended June 30, 2024, was approximately HK$55.7 million, a decrease of approximately 21.8% compared to HK$71.2 million in the same period of 2023[104] - Gross profit for the same period was HK$14.4 million, resulting in a gross profit margin of 25.8%, down from 32.7% in 2023[104] - Operating profit attributed to owners of the Company was HK$7.5 million, significantly lower than HK$55.2 million in 2023[104] - The Group recorded a profit for the period of approximately HK$0.1 million, compared to HK$48.7 million in the previous year[106] Market Expansion and Product Development - The company is expanding its market presence in Southeast Asia, targeting a 25% increase in market share by 2025[96] - New product launches included a line of eco-friendly products, expected to contribute an additional HKD 200 million in revenue by year-end[96] - The Group's global eCommerce platform, HKMALL, has expanded to 34 countries and operates across 41 market platforms[110] - The newly developed HKMALL 2.0 platform provides customers with quick access to various merchants and offers a personalized shopping experience, contributing to over 10% sales growth compared to the previous year as of June 2024[115] Corporate Governance and Social Responsibility - The company expresses gratitude for the support from shareholders, board members, and partners, which is crucial for its future development[11] - The company has established various committees, including remuneration and nomination committees, to enhance governance and business development[14] - The Group actively engages in charitable and environmental activities, supporting SMEs during challenging times[94] - The Group's commitment to corporate social responsibility is reflected in its participation in various community support initiatives[94] Awards and Recognition - The Group has received multiple local and international awards, including the Top 100 Business Awards 2024 and the Outstanding Listed Companies Award 2023[92] - HongKong Mall Limited won the "Outstanding ECommerce Platform of the Year" award from BUSINESS INNOVATOR[46] - The Group was awarded the "2022 Quality Tourism Service Award (Bronze)" and "Outstanding Quality Business Award" by the Hong Kong Tourism Board[49] - The Group's efforts in environmental, social, and governance (ESG) practices earned it the ESG Rising Star Gold Award[92] Challenges and Future Outlook - The Group's overall turnover decreased by approximately 21.8% in 2024, with gross margins remaining at 25.8% compared to 32.7% in 2023[130] - The management provided a future outlook, projecting a revenue growth of 10-12% for the second half of 2024[96] - The company has set a target to reduce operational costs by 5% through efficiency improvements in the next fiscal year[96] - A commitment to sustainability was reiterated, with plans to achieve carbon neutrality by 2030[96]

Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 55,697 thousand, a decrease of 21.9% compared to HKD 71,206 thousand for the same period in 2023[2] - Gross profit for the same period was HKD 14,391 thousand, down from HKD 23,280 thousand, reflecting a decline in profitability[2] - The net profit for the six months ended June 30, 2024, was HKD 127 thousand, significantly lower than HKD 48,658 thousand in the previous year, indicating a substantial drop in earnings[3] - Total comprehensive income for the period was HKD 154 thousand, compared to HKD 43,864 thousand in the prior year, showing a decrease in overall financial performance[3] - The group reported a profit of HKD 127,000 for the six months ended June 30, 2024, compared to HKD 48,658,000 in 2023, representing a significant decrease[21] - The group's overall revenue decreased by approximately 21.8%, with a gross profit margin of 25.8% compared to 32.7% in the previous year[42] Assets and Liabilities - Non-current assets as of June 30, 2024, amounted to HKD 442,672 thousand, an increase from HKD 409,733 thousand as of December 31, 2023[4] - Current assets decreased to HKD 79,334 thousand from HKD 94,375 thousand, indicating a reduction in liquidity[4] - Total liabilities increased to HKD 171,746 thousand from HKD 147,369 thousand, reflecting a rise in financial obligations[5] - The total assets for the group as of June 30, 2024, were HKD 522,006,000, with total liabilities of HKD 239,616,000[14] - The company reported a significant reduction in administrative expenses to HKD 44,886 thousand from HKD 66,694 thousand, indicating cost-cutting measures[2] - Current liabilities increased from approximately HKD 53,000,000 to HKD 92,400,000 between December 31, 2023, and June 30, 2024[42] Revenue Breakdown - Revenue from Hong Kong for the six months ended June 30, 2024, was HKD 52,901,000, a decrease of 14.0% compared to HKD 61,559,000 in 2023[16] - Revenue from Macau for the same period was HKD 2,796,000, down 71.0% from HKD 9,647,000 in 2023[16] - Customer A generated no revenue in 2024, while Customer B contributed HKD 14,357,000, and Customer C and D contributed HKD 7,959,000 and HKD 7,151,000 respectively[17] - The gross profit for the wholesale and retail segment of beauty, health, and lifestyle products was HKD 14,104,000, while the gross profit for wholesale technical products was HKD 287,000, leading to a total gross profit of HKD 14,391,000 for the six months ended June 30, 2024[14] E-commerce and Digital Transformation - The company is engaged in the wholesale and retail of beauty, health, and lifestyle products, with a focus on e-commerce operations in Hong Kong and Macau[7] - The company launched "HKMALL," a global e-commerce platform covering 34 countries and 41 market platforms[35] - The group has prepared for the "new normal" in online shopping, with its cross-border e-commerce platform, HKMALL, ready to meet changing consumer habits[42] - The online sales in Hong Kong accounted for 7.8% of total retail sales in June 2024, indicating a shift towards e-commerce[33] - The newly developed "Hong Kong Cat" 2.0 platform provides customers with a personalized shopping experience, enhancing the speed and transparency of digital sales[36] Cost Management - The group has implemented various cost control measures to tighten operational costs[11] - Employee costs were approximately HKD 23,800,000, significantly reduced from HKD 29,900,000 in 2023[49] - The operating cash outflow for the period was approximately HKD 20,100,000, compared to HKD 35,100,000 in the previous year[44] Financing and Support - The group is actively negotiating with external parties and banks to secure new financing sources to improve liquidity and operational funding[11] - The group’s major shareholder has committed to continue providing financial support for daily operations to meet third-party financial obligations for at least the next 12 months[11] - The company is considering investments and capital asset plans to improve profitability and liquidity[50] Market Trends and Future Outlook - The cosmetics market is projected to grow at an annual rate of 2.2% from 2024 to 2028[33] - The group aims to utilize digital transformation to improve financial performance and achieve long-term sustainable growth[42] - The group is committed to expanding its cross-border wholesale business, significantly promoting overseas suppliers' product sales in the domestic market[39] Employee and Governance - As of June 30, 2024, the company employed 129 full-time and part-time employees, a decrease from 187 in 2023[49] - The company has established an audit committee, which held two meetings during the period to review external audits and risk management[55]

Growth and Expansion - HKMall has grown from over 4,000 SKUs to exceeding 300,000 SKUs, offering products in 13 major categories and 355 subcategories[9]. - The platform has accumulated nearly 1.5 million end consumers and established connections with over 70 global payment gateway and logistics companies, covering more than 30 countries and regions[10]. - HKMall aims to support merchants in improving their global trade service levels through digital platform operations[12]. - The platform's services are designed to provide a convenient cross-border trading experience for both consumers and merchants[9]. - The Group's gross merchandise value (GMV) for completed orders on the O2O platform, including beauty and technology products, amounted to approximately HK$1.7 billion for the year[189]. - The Group offers over 300,000 SKUs and distributes over 100 well-known brands, including exclusive distribution rights for several international brands[192]. Digital Transformation and Technology - The transition from HKMall 1.0 (BBC) to HKMall 2.0 (SPBBC) aims to enhance global supply chain operations for merchants[11]. - The digital transformation has enabled nearly fully automated management of tens of thousands of SKUs, enhancing operational efficiency[6]. - HKMall is transitioning to a fully automated system, handling hundreds of thousands of SKUs, supported by Bonjour Technology[17]. - The new development philosophy of "technology + consumption" aims to enhance HKMall's position as a global cross-border eCommerce platform[17]. - Bonjour Technology aims to promote digital transformation and industrial innovation through various digital solutions[112]. - The Group has implemented various leading new retail technologies on HKMALL, enhancing the online shopping experience for customers[185]. Financial Performance - The company's turnover for 2023 was HK$950,271,000, showing a significant increase from HK$185,662,000 in 2022[151]. - Gross profit for 2023 was HK$63,052,000, with a gross profit margin of 6.64%, compared to 18.18% in 2022[151]. - Operating profit for 2023 was HK$67,992,000, resulting in an operating profit margin of 7.16%, a recovery from the previous year's loss[151]. - The profit for the year attributed to the owners of the company was HK$53,971,000, a turnaround from a loss of HK$167,221,000 in 2022[151]. - Total liabilities significantly reduced to HK$221,872,000 in 2023 from HK$350,019,000 in 2022, improving the financial position[151]. - The total equity attributed to the owners of the company increased to HK$282,236,000 in 2023 from HK$155,388,000 in 2022[151]. Retail Strategy and Operations - Bonjour has launched the "Bonjour Global Duty-Free Outlets" on HKMall to cater to post-pandemic shopping experiences[13]. - HKMall plans to collaborate with KOLs, MCN agencies, and merchant channels to provide innovative cross-border sales services[14]. - The Group operated a total of 6 retail stores in Hong Kong and Macau as of December 31, 2023, down from 10 in 2022[173]. - The Group's strategic closure of underperforming stores has been part of its cost control measures during its transformation[184]. - The Group's direct broadcasting studio for KOLs spans over 10,000 sq. ft., enhancing consumer interaction and loyalty[191]. Awards and Recognition - The Group was awarded the "IFAPC Outstanding Listed Companies Award 2023" by IFAPC[97]. - Bonjour Technology won the "Best Retail Innovation – Technology Application Prize" awarded by the Hong Kong Retail Technology Industry Association, highlighting its digital transformation achievements[65]. - The Group's digital transformation efforts were recognized with the "Outstanding Listed Companies Award 2021" from the Hong Kong Institute of Financial Analysts and Professional Commentators[71]. - The Group has received multiple local and international awards, recognizing its leadership in eCommerce and beauty retail, including the 2023 Corporate Excellence Award from JCI Queenways[144][145]. Community and Social Responsibility - Since the outbreak of the pandemic, the Group has supplied over 20 million face masks at affordable prices, gaining coverage from over 17 media outlets and being recognized as one of the listed companies fulfilling CSR in Hong Kong[51]. - The Group actively engages in charitable and environmental initiatives, contributing to society and supporting SMEs during challenging times[147]. - Bonjour Technology donated 100 sets of smart building blocks to the Tsuen Wan and Kwai Tsing District Principals Association[115]. Future Outlook - Looking ahead to 2024, the Group remains optimistic about the retail industry outlook, driven by opportunities in the Greater Bay Area and expected growth in digital eCommerce[178]. - The Group plans to continue its core focus on retail transformation and the deployment of a global omnichannel system to enhance customer experience[179].

Financial Performance - The company's revenue for the year ended December 31, 2023, was HKD 950,271,000, a significant increase from HKD 185,662,000 in 2022, representing a growth of approximately 411%[5] - Gross profit for the year was HKD 63,052,000, compared to HKD 33,754,000 in the previous year, indicating a growth of about 87%[5] - The net profit for the year was HKD 53,971,000, down from HKD 167,221,000 in 2022, reflecting a decrease of approximately 68%[5] - The group reported total revenue of HKD 950,271,000 for the year ended December 31, 2023, a decrease from HKD 1,185,662,000 in 2022, representing a decline of approximately 19.8%[24] - The group reported a pre-tax profit of approximately HKD 54.6 million, significantly down from HKD 252.5 million in the previous year[124] Assets and Liabilities - The company reported a significant increase in total assets, with net assets rising to HKD 282,236,000 from HKD 155,388,000 in the previous year, an increase of about 82%[8] - The group’s total liabilities as of December 31, 2023, amounted to HKD 504,108,000, with net current liabilities of HKD 52,994,000[30] - The company's non-current assets in Hong Kong decreased to HKD 38,187,000 in 2023 from HKD 54,310,000 in 2022, a decline of approximately 29.7%[55] - The total liabilities increased significantly, with current liabilities rising to HKD 42,458 thousand in 2023 from HKD 13,282 thousand in 2022[77] Cash Flow and Financing - The cash flow forecast covers a period of not less than 12 months from December 31, 2023, with available bank financing of HKD 72,000,000 and HKD 36,000,000 from external parties[20] - The group reported a net cash outflow from operating activities of HKD 58,951,000 as of December 31, 2023[30] - The group's cash and bank balance as of December 31, 2023, was approximately HKD 16,109,000[30] - Net cash inflow from financing activities was approximately HKD 50,400,000, compared to a net outflow of HKD 358,000,000 in 2022[145] Operational Efficiency - The company has implemented various cost control measures to tighten operational costs and is actively negotiating with external parties and banks to secure new financing sources[18] - The company recorded a decrease in administrative expenses to HKD 116,059,000 from HKD 154,641,000, a reduction of approximately 25%[5] - The company has recognized a gain from the termination of consolidation of subsidiaries amounting to HKD 102,996,000 for the year[5] Market Performance - Revenue from beauty, health, and lifestyle products was HKD 64,824,000 in 2023, down from HKD 75,481,000 in 2022, indicating a decrease of about 14.0%[24] - Revenue from technology products was HKD 885,447,000 in 2023, compared to HKD 110,181,000 in 2022, reflecting a significant decline of approximately 19.5%[24] - Despite a 20% decline in store sales, sales of technology products grew sevenfold compared to 2022, and e-commerce business increased by 2%[141] Shareholder Information - The basic and diluted earnings per share decreased to HKD 1.5 from HKD 4.8 in the previous year, a decline of approximately 69%[5] - The company did not recommend any interim or final dividends for the current and prior years[63] - The company is considering a dividend policy to enhance shareholder value, including the potential distribution of bonus shares or cash dividends[121] Strategic Initiatives - The company has established strategic partnerships for innovation and incubation in the beauty industry within the Greater Bay Area[98] - The group plans to continue transforming traditional beauty product retail into a new business ecosystem, including a full range of "beauty, health, and lifestyle" products[138] - The group aims to capture significant market opportunities in the Greater Bay Area and Asia with its new "Health" services, leveraging strategic discussions with top medical beauty experts[116] Corporate Governance - The company has established good corporate governance practices and adhered to the relevant rules throughout the year[175] - The audit committee has reviewed the consolidated financial statements for the year, aligning with the figures provided by the external auditor[163] - The independent auditor's report confirms that the consolidated financial statements fairly reflect the group's financial position as of December 31, 2023, in accordance with Hong Kong Financial Reporting Standards[183]