Financial Performance - Revenue decreased by approximately 26.2% to HKD 114.6 million for the year ended March 31, 2021, compared to HKD 155.2 million for the previous year[11]. - The loss attributable to owners of the company reduced from approximately HKD 32.4 million to HKD 5.0 million for the same period[7]. - Basic loss per share improved from HKD 1.06 to HKD 0.15[7]. - Gross profit increased by approximately 155.9% to HKD 17.4 million, with a gross profit margin rising from 4.4% to 15.1%[12]. - Other income decreased from approximately HKD 2.6 million to HKD 1.9 million, primarily due to a reduction in warehousing income[13]. - The total retail sales value in Hong Kong decreased by approximately 13.9% year-on-year, from HKD 386.2 billion to HKD 332.7 billion[10]. - Wine sales dropped from approximately HKD 128.6 million to HKD 99.3 million during the fiscal year[11]. - The company did not recommend the payment of a final dividend for the year ended March 31, 2021[7]. Cost Management - Promotional, sales, and distribution expenses decreased by approximately 17.5% from HKD 16.0 million for the year ended March 31, 2020, to HKD 13.2 million for the year ended March 31, 2021[15]. - Administrative expenses decreased by approximately 44.2% from HKD 19.0 million for the year ended March 31, 2020, to HKD 10.6 million for the year ended March 31, 2021[15]. - As of March 31, 2021, the group had 29 full-time employees and 1 part-time employee, with employee costs amounting to approximately HKD 7.2 million, a decrease from HKD 14.3 million in 2020[39]. Financial Position - The current ratio improved from approximately 3.30 in 2020 to approximately 4.26 in 2021, primarily due to a decrease in trade receivables and bank borrowings[20]. - The company's total assets and liabilities as of March 31, 2021, were HKD 162.5 million and HKD 38.1 million, respectively[20]. - The company's bank balances and cash totaled approximately HKD 6.9 million as of March 31, 2021, compared to HKD 5.7 million in 2020[20]. - The debt-to-equity ratio improved from 32.2% in 2020 to 18.3% in 2021, indicating a stronger financial position[20]. Market Conditions - The global economic growth is projected to be 6% in 2021, with a decline to 4.4% in 2022, reflecting additional fiscal support from major economies[41]. - China's GDP is expected to grow by 2.1% in 2020, with a potential increase of 8% or more in 2021 due to a low base effect[45]. - The retail sales in China are anticipated to decrease by 4.4% for the year, while exports are expected to grow by approximately 1.8%[45]. - The trade disputes between the US and China are expected to intensify, impacting the external environment and internal economic pressures in China[46]. - The company anticipates fierce competition in the retail sector as consumers remain the main driver of economic growth in China[46]. Corporate Governance - The company has adopted high standards of corporate governance and complies with the corporate governance code[103]. - The audit committee consists of three independent non-executive directors who reviewed the audited consolidated results for the year ending March 31, 2021[96]. - The board of directors held a total of 7 meetings during the fiscal year ending March 31, 2021, with an attendance rate of 100% for all directors[106]. - The company has adopted a board diversity policy to ensure a diverse range of skills and experiences among board members[110]. - The chairman and CEO roles were separated, with Zhang Jun Tao assuming the CEO position after the resignation of Liang Zi Jian on June 10, 2021[112]. Environmental, Social, and Governance (ESG) - The company emphasizes sustainable development as a key to achieving ongoing success and incorporates environmental, social, and governance (ESG) aspects into its risk management system[150]. - The ESG report covers seven business segments, including red wine, white wine, and spirits, with plans to expand disclosure as data collection systems mature[152]. - The company has established various communication platforms with stakeholders, including annual reports and shareholder meetings, to enhance engagement[146]. - The company recognizes the importance of employee welfare, career development, and a safe working environment as key concerns for its employees[158]. - Total greenhouse gas emissions decreased by approximately 38.96% from about 155.38 tons of CO2 equivalent in 2020 to about 94.84 tons in 2021[170]. Risk Management - The company has established a risk management system that did not identify any significant risks during the risk assessment for the fiscal year ending March 31, 2021[128]. - The internal control system is aligned with the COSO 2013 framework, ensuring operational effectiveness and compliance with applicable laws[130]. - The audit committee continuously reviews the internal control system and provides opinions to the board regarding its adequacy, including resources and qualifications of staff[135]. - The company confirmed that there are no significant uncertainties affecting its ability to continue as a going concern[127]. Employee Welfare - The company has implemented various measures to protect employees and customers during the COVID-19 pandemic, including mandatory mask-wearing and temperature checks[200]. - Employee compensation is evaluated annually based on performance, efficiency, and the company's financial condition, ensuring competitive salary levels[193]. - New employees receive fire and safety training on their first day, and specific positions require certification before employment[199].

( 於開曼群島註冊成立的有限公司 ) 股份代號 : 1389 中期報告 2020 公司資料 註冊辦事處 Cricket Square, Hutchins Drive P.O. Box 2681 Grand Cayman, KY1-1111 Cayman Islands 香港總部、總辦事處及主要營業地點 公司網址 http://www.majorcellar.com 執行董事 張俊濤先生 （主席） 梁子健先生 獨立非執行董事 余季華先生 魏海鷹先生 蕭承德先生 公司秘書 冼志強先生 授權代表 張俊濤先生 梁子健先生 審核委員會 香港 九龍 尖沙咀 海港城 環球金融中心 南座509-510室 蕭承德先生 （主席） 余季華先生 魏海鷹先生 薪酬委員會 香港法律顧問 余季華先生 （主席） 魏海鷹先生 蕭承德先生 提名委員會 魏海鷹先生 （主席） 余季華先生 蕭承德先生 開曼群島主要股份過戶登記處 Conyers Trust Company (Cayman) Limited Cricket Square, Hutchins Drive P.O. Box 2681 Grand Cayman, KY1-1111 Cayma ...

美捷滙控股有限公司 2020 年年報 公司資料 註冊辦事處 Cricket Square, Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 薪酬委員會 余季華先生 （主席） 蕭承德先生 魏海鷹先生 香港總部、總辦事處及主要營業地點 香港 九龍 尖沙咀 海港城 環球金融中心 南座509-510室 公司網址 www.majorcellar.com 執行董事 張俊濤先生 （主席） 梁子健先生 張詠純女士 獨立非執行董事 余季華先生 魏海鷹先生 蕭承德先生 公司秘書 冼志強先生 合規主任 張詠純女士 授權代表 張俊濤先生 梁子健先生 審核委員會 蕭承德先生 （主席） 余季華先生 魏海鷹先生 提名委員會 魏海鷹先生 （主席） 蕭承德先生 余季華先生 開曼群島主要股份過戶登記處 Conyers Trust Company (Cayman) Limited Cricket Square, Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 香港股份過戶登記分處 ...

Financial Performance - For the six months ended September 30, 2019, the company reported a loss of approximately HKD 11.7 million, compared to a profit of HKD 2.7 million for the same period in 2018[5]. - The basic loss per share for the six months ended September 30, 2019, was HKD 0.41, while the basic earnings per share for the same period in 2018 was HKD 0.11[5]. - Total revenue for the six months ended September 30, 2019, was HKD 68.34 million, a decrease of 25% from HKD 91.10 million in the same period of 2018[6]. - Gross profit for the same period was HKD 9.67 million, down from HKD 19.58 million in 2018, reflecting a decline in gross margin[6]. - The company reported a loss attributable to shareholders of HKD 11,738,000 for the six months ended September 30, 2019, compared to a profit of HKD 2,737,000 in the same period of 2018[28]. - The company’s revenue decreased by 25.0% to approximately HKD 68.3 million for the six months ended September 30, 2019, compared to HKD 91.1 million for the same period in 2018[40]. - The gross profit fell by 50.6% to approximately HKD 9.7 million for the six months ended September 30, 2019, down from HKD 19.6 million in the previous year[46]. Cash Flow and Assets - The net cash used in operating activities for the six months ended September 30, 2019, was HKD (9,165,000), compared to HKD (7,161,000) for the same period in 2018, indicating a decline in cash flow from operations[10]. - The cash and cash equivalents at the end of the period were HKD 1,692,000, down from HKD 2,548,000 at the end of the same period in 2018[10]. - The company reported a net cash outflow of HKD 7,185,000 for the six months ended September 30, 2019, compared to HKD 16,807,000 for the same period in 2018, indicating an improvement in cash management[10]. - The company’s total assets decreased to HKD 145.07 million as of September 30, 2019, from HKD 152.29 million as of March 31, 2019[7]. - The net current assets as of September 30, 2019, were HKD 102.86 million, down from HKD 112.99 million as of March 31, 2019[7]. - The total current assets were HKD 145.072 million as of September 30, 2019, compared to HKD 152.289 million on March 31, 2019[53]. - The company had bank deposits and cash balances totaling approximately HKD 6.7 million as of September 30, 2019, down from HKD 13.4 million on March 31, 2019[53]. Expenses and Liabilities - The company’s administrative expenses increased to HKD 9.24 million for the six months ended September 30, 2019, compared to HKD 7.19 million in the same period of 2018[6]. - Total employee costs, including director remuneration, increased to HKD 8,013,000, up from HKD 7,412,000 year-on-year, representing a rise of approximately 8.1%[26]. - Promotional, sales, and distribution expenses increased by 15.8% to approximately HKD 9.6 million for the six months ended September 30, 2019, from HKD 8.4 million in the previous year[47]. - The company’s lease liabilities increased by HKD 6,739,000 following the adoption of the new lease accounting standard[19]. - Bank borrowings increased to HKD 19,687,000 as of September 30, 2019, compared to HKD 13,506,000 as of March 31, 2019, indicating a rise of approximately 45.9%[33]. - The debt-to-equity ratio was approximately 26.1% as of September 30, 2019, up from 17.6% on March 31, 2019[53]. Dividends and Shareholder Information - The company did not recommend the payment of an interim dividend for the six months ended September 30, 2019[5]. - The company did not recommend an interim dividend for the six months ended September 30, 2019, consistent with the previous year[27]. - As of September 30, 2019, major shareholders included Mr. Zhang Jun Tao with a 26.42% stake and Mr. Liang Zi Jian with a 25.68% stake[62]. Market Conditions and Business Strategy - The overall business environment remains challenging due to local social unrest and global economic uncertainties, impacting the retail market in Hong Kong[41]. - The company aims to enhance sales and expand marketing channels to adapt to the weak retail market in Hong Kong[41]. - The retail sales value in Hong Kong decreased by approximately 7.3% from HKD 361.3 billion for the nine months ended September 30, 2018, to HKD 334.9 billion for the same period in 2019[40]. Compliance and Governance - The board confirmed that all directors complied with the standard code of conduct for securities trading during the six months ending September 30, 2019[69]. - The audit committee reviewed the group's unaudited consolidated performance for the six months ending September 30, 2019[76]. - The chairman did not attend the annual general meeting held on August 9, 2019, due to business commitments, which deviated from corporate governance code[70]. Other Information - The company has adopted new and revised Hong Kong Financial Reporting Standards effective from April 1, 2019, which did not result in significant changes to the financial statements[17]. - The group has no significant foreign exchange risk as most sales, monetary assets, and liabilities are denominated in Hong Kong dollars[75]. - The group has no significant foreign currency hedging policies in place but will consider hedging foreign currency risks as needed[75]. - The company did not grant any share options under the share option scheme during the six months ended September 30, 2019[65]. - The company did not purchase, sell, or redeem any of its listed securities during the six months ended September 30, 2019[66]. - There were no major acquisitions or disposals of subsidiaries or associates during the six months ended September 30, 2019[59]. - The group did not hold any significant investments or capital asset plans as of September 30, 2019[72].

股份代號 : 1389 （於開曼群島註冊成立的有限公司） 年 報 1 美捷滙控股有限公司 2019年年報 公司資料 註冊辦事處 Cricket Square, Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 香港總部、總辦事處及主要營業地點 香港 九龍 廣東道5號 海港城 海洋中心 822室 公司網址 www.majorcellar.com 執行董事 張俊濤先生 （主席） 梁子健先生 張詠純女士 合規主任 張詠純女士 授權代表 張俊濤先生 梁子健先生 審核委員會 蕭承德先生 （主席） 余季華先生 魏海鷹先生 薪酬委員會 余季華先生 （主席） 蕭承德先生 魏海鷹先生 提名委員會 獨立非執行董事 余季華先生 魏海鷹先生 蕭承德先生 公司秘書 冼志強先生 魏海鷹先生 （主席） 蕭承德先生 余季華先生 開曼群島主要股份過戶登記處 Conyers Trust Company (Cayman) Limited Cricket Square, Hutchins Drive P.O. Box 2681 Grand Cayman KY1-111 ...