EVER HARVEST GP(01549)

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永丰集团控股(01549) - 董事会会议日期
2025-08-19 10:05
(於 開 曼群 島 註冊 成立 的 有限 公 司) 香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 告 的 內 容 概 不 負 責 , 對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明 , 並 明 確 表 示 , 概 不 對 因 本 公 告 全 部 或 任 何 部 分 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 的 任 何 損 失 承 擔任 何 責任 。 香港 , 二零 二 五年 八月 十 九日 於本 公 告日 期,本 公司 執 行董 事 為劉 與量 先 生、劉 德 豐 先生 及 劉德 祺 先 生 ; 本 公 司 非 執 行 董 事 為 唐 鴻 琛 女 士 ; 以 及 本 公 司 獨 立 非 執 行 董 事 為 盧 温 勝 先 生、 林 潞先 生 、李 家麟 先 生及 甘 承倬 先生 。 (股份代號:1549) 董 事 會 會 議 日期 永 豐 集 團 控 股 有 限 公 司 (「 本 公 司 」) 之 董 事 會 (「 董 事 會 」) 謹 此 宣 佈 , 董 事會 會 議將 於 二零 二五 年 八月 二 十九 ...
永丰集团控股(01549)发盈喜 预计中期取得权益持有人应占净利润约770万港元 同比扭亏为盈
智通财经网· 2025-08-15 04:25
Core Viewpoint - Yongfeng Group Holdings (01549) expects to achieve a net profit attributable to equity holders of approximately HKD 7.7 million for the six months ending June 30, 2025, compared to a net loss of approximately HKD 9.2 million for the same period in 2024 [1] Summary by Relevant Categories - **Financial Performance** - The expected net profit of HKD 7.7 million represents a significant turnaround from the previous year's net loss of HKD 9.2 million [1] - **Revenue Growth** - The increase in profit is primarily attributed to a rise in service cargo volume, leading to an increase in revenue of approximately HKD 36 million, which is about a 20% increase compared to the same period last year [1] - **Taxation Impact** - The absence of additional tax expenses and penalties that were incurred in the previous year also contributed to the improved financial performance during the reporting period [1]
永丰集团控股(01549) - 正面盈利预告
2025-08-15 04:04
香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 告 的 內 容 概 不 負 責 , 對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明 , 並 明 確 表 示 , 概 不 對 因 本 公 告 全 部 或 任 何 部 分 內 容 而 產 生 或 因 依 賴 該 等 內 容 而 引 致 的 任 何 損 失 承 擔 任 何 責 任 。 ( 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ) 承 董 事 會 命 永 豐 集 團 控 股 有 限 公 司 主 席 劉 與 量 香 港 , 二 零 二 五 年 八 月 十 五 日 本 公 告 乃 由 永 豐 集 團 控 股 有 限 公 司 (「 本 公 司 」, 連 同 其 附 屬 公 司 統 稱 「本 集 團 」)根 據 香 港 聯 合 交 易 所 有 限 公 司 證 劵 上 市 規 則 第 13.09(2)(a)條 及 香 港 法 例 第 571 章 證 券 及 期 貨 條 例 第 XIVA 部 項 下 之 內 幕 消 息 條 文 而 作 出 。 本 公 司 董 事 (「董 事 」) 會 ...
永丰集团控股(01549) - 截至二零二五年七月三十一日股份发行人的证券变动月报表
2025-08-01 01:20
致:香港交易及結算所有限公司 公司名稱: 永豐集團控股有限公司 呈交日期: 2025年8月1日 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 I. 法定/註冊股本變動 | 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) | 01549 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | 本月底法定/ ...
永丰集团控股(01549) - 2024 - 年度财报
2025-04-17 08:59
Financial Performance - For the year ended December 31, 2024, the Group recorded revenue of approximately HK$403,359,000, an increase of 2.9% from HK$392,220,000 in 2023[18] - The Group reported a loss for the year of approximately HK$9,251,000, compared to a profit of HK$513,000 in 2023[18] - The gross profit margin for 2024 is projected to be 15.6%, down from 17.4% in 2023[11] - The Group reported a gross profit of approximately HK$62,753,000, a decrease of 8.2% from HK$68,364,000 in 2023, with the gross profit margin declining from 17.4% to 15.6%[31] - Operational costs amounted to approximately HK$340,606,000, reflecting an increase of approximately HK$16,750,000 or 5.2% compared to the previous year[38] - The Group's other income increased to approximately HK$16,571,000, up by approximately HK$1,502,000 compared to the same period last year[39] Operational Metrics - Container throughput at Hong Kong port decreased by 5.0% compared to the previous year, impacting overall market conditions[18] - The Group's feeder shipping services, carrier owned container services, and barge services saw an increase in total shipment volume of 58,141 TEUs or 16.3%, despite a gross profit decrease of approximately HK$9,056,000 or 15.3%[33] - Sea freight forwarding agency services recorded an increase in shipment volume of 5,084 TEUs or 62.6%, with gross profit rising by approximately HK$3,445,000 or 38.0%[34] Assets and Liabilities - Current assets as of December 31, 2023, were HK$189,322,000, while current liabilities were HK$138,645,000, resulting in net current assets of HK$50,677,000[15] - The Group's total assets amounted to HK$354,039,000 as of December 31, 2023, with a gearing ratio of 23.8%[15] - As of December 31, 2024, the Group held bank balances and cash of approximately HK$114,090,000, compared to approximately HK$106,505,000 in 2023[48] - The Group's gearing ratio as of December 31, 2024, was 25.1%, up from 23.8% in 2023[48] - Mortgage loans increased to approximately HK$43,092,000 as of December 31, 2024, from approximately HK$19,209,000 in 2023[48] - The Group's term loan was fully repaid during the year ended December 31, 2024, which was approximately HK$25,620,000 in 2023[48] Management Strategies - The management plans to respond to challenges by increasing revenue, reducing expenses, and strengthening financial stability[20] - The Group is actively developing new customers to create additional revenue sources while maintaining close relationships with existing customers[24] - The management has identified high borrowing rates as an issue and has taken steps to reduce bank borrowings and refinance loans to lower interest expenses[25] - The Group is confident in navigating the anticipated challenging operating environment in 2025, ensuring long-term benefits for shareholders[26] Environmental, Social, and Governance (ESG) Initiatives - The Group is committed to integrating sustainable development initiatives into its operations, focusing on environmental stewardship, social responsibility, and corporate governance[69] - The ninth Environmental, Social, and Governance Report covers the Group's sustainable development performance for the year ended December 31, 2024, adhering to core reporting principles[70] - The Group employs a dual-dimensional materiality assessment framework to evaluate the financial implications and societal impact of its operations[75] - The Group identified anti-corruption as the most material issue, followed by employment practices and customer engagement[84] - The Board of Directors oversees the Group's long-term sustainable development initiatives and ESG commitments[87] - The Group conducts thorough assessments to identify critical ESG issues and integrates them into management frameworks[95] Employee and Workplace Safety - As of December 31, 2024, the Group had a total workforce of 176 employees, with 138 located in Mainland China and 38 in Hong Kong[110] - The employee turnover rate was 2% for females and 23% for males, with a total turnover rate of 25% for employees under 30 years old[113] - The Group maintained a zero-incident safety record for workplace accidents in the fiscal year 2024, with no work-related fatalities reported over the past three years[120] - The Group has implemented a comprehensive occupational safety framework, including regular fire evacuation drills and established communication channels for safety information dissemination[116] - The Group emphasizes human capital development, providing extensive resources for professional advancement and maintaining a performance-based discretionary bonus system[123] Environmental Impact and Compliance - For the fiscal year ended December 31, 2024, the Group achieved a 9.48% decrease in gasoline oil consumption compared to the previous year, leading to a proportional drop in overall greenhouse gas emissions[162] - The Group's greenhouse gas emissions for 2024 were recorded at 33,130.84 tonnes CO2 equivalent, down from 36,599.13 tonnes in 2023, with a target to reduce emissions to ≤ 19,559.53 tonnes by 2030[165] - The Group's electricity consumption for 2024 was 183,467.35 kWh, slightly lower than 189,855.00 kWh in 2023, with a target to maintain consumption at ≤ 183,753.66 kWh by 2030[165] - The Group's gas oil consumption for 2024 was 10,169.68 tonnes, down from 11,243.80 tonnes in 2023, with a target to reduce this to ≤ 5,548.50 tonnes by 2030[165] - The Group's paper consumption for 2024 was 2.68 tonnes, compared to 2.01 tonnes in 2023, with a target to limit consumption to ≤ 2.97 tonnes by 2030[165] - The Group emphasizes environmental stewardship through structured initiatives aimed at promoting sustainable practices among employees and supply chain partners[156] Supplier and Procurement Practices - All suppliers complied with the Group's supply chain management approach, which integrates environmental and social responsibility principles[130] - The geographical distribution of suppliers includes 123 in Hong Kong and 298 in Mainland China[136] - The Group prioritizes partnerships with suppliers demonstrating strong environmental and ESG practices when price and quality are comparable[133] Anti-Corruption and Compliance Measures - A zero-tolerance policy regarding bribery and corrupt practices is enforced, ensuring integrity throughout all business operations[142] - The Group has implemented a whistleblowing framework for reporting potential instances of fraud and corruption, allowing confidential submissions to the Board of Directors[143] - The Group maintained an exemplary compliance record with zero concluded legal cases related to corrupt activities involving the Group or its employees during the reporting period[150]
永丰集团控股(01549) - 2024 - 年度业绩
2025-03-28 11:34
Financial Performance - Total revenue for the year ended December 31, 2024, was HKD 403,359,000, representing an increase of 2.9% from HKD 392,220,000 in 2023[3] - Gross profit for the same period was HKD 62,753,000, down 8.5% from HKD 68,364,000 in 2023[3] - The net loss for the year was HKD 9,251,000 compared to a profit of HKD 513,000 in 2023, indicating a significant decline in profitability[4] - Basic and diluted loss per share was HKD 0.60, compared to earnings of HKD 0.03 per share in the previous year[3] - Revenue from external customers for the year ended December 31, 2024, was HKD 403,359,000, an increase from HKD 392,220,000 in 2023, representing a growth of approximately 2.9%[19] - The segment performance for the year ended December 31, 2024, was HKD 62,753,000, compared to HKD 68,364,000 in 2023, indicating a decrease of about 8.2%[17] - The company reported a net loss of HKD 9,251,000 for the year ended December 31, 2024, compared to a profit of HKD 513,000 in 2023, marking a significant decline[18] - The gross profit for the year was approximately HKD 62,753,000, a decrease of 8.2% from HKD 68,364,000 in 2023, resulting in a gross margin decline from 17.4% to 15.6%[37] Assets and Liabilities - Non-current assets decreased to HKD 157,069,000 in 2024 from HKD 164,717,000 in 2023[5] - Current assets increased to HKD 199,194,000 in 2024, up from HKD 189,322,000 in 2023[5] - Total liabilities rose to HKD 149,381,000 in 2024, compared to HKD 138,645,000 in 2023[5] - The company's total equity decreased to HKD 205,012,000 in 2024 from HKD 214,359,000 in 2023[5] - The company reported a significant increase in trade and other payables, which rose to HKD 99,145,000 in 2024 from HKD 88,603,000 in 2023[5] Expenses and Costs - The total service costs for the year ended December 31, 2024, amounted to HKD 340,606,000, up from HKD 323,856,000 in 2023, reflecting an increase of approximately 5.2%[18] - The company’s administrative and other operating expenses for the year ended December 31, 2024, were HKD 80,915,000, compared to HKD 78,236,000 in 2023, an increase of about 3.4%[18] - The company’s financing costs for the year ended December 31, 2024, were HKD 2,672,000, compared to HKD 2,873,000 in 2023, indicating a decrease of about 7%[18] - The total operating expenses for the company were HKD 47,655,000 in 2024, compared to HKD 50,447,000 in 2023, indicating a decline of approximately 5.6%[20] - The total rental expenses under short-term leases were HKD 46,278,000 in 2024, down from HKD 63,166,000 in 2023, reflecting a decrease of approximately 26.7%[20] Income and Other Gains - The company recognized other income of HKD 16,571,000 for the year ended December 31, 2024, compared to HKD 15,069,000 in 2023, representing an increase of approximately 10%[19] - The group reported other income of approximately HKD 16,571,000, an increase of about HKD 1,502,000 compared to the previous year, driven by increased sales of scrap containers and bank interest income[41] Taxation - The group recorded a total tax expense of approximately HKD 190,834,000 for the fiscal year ending December 31, 2024, compared to HKD 6,765,000 in the previous year[22] - The group has no taxable profits in China for the fiscal year ending December 31, 2024, thus no corporate income tax was accrued[24] - The group has confirmed a tax provision shortfall of approximately HKD 6,762,000 for prior years, with no provisions in 2023[22] Corporate Governance and Management - The company operates primarily in investment holding and provides maritime freight and freight agency services in Hong Kong and the People's Republic of China[7] - The financial statements are prepared in accordance with Hong Kong Financial Reporting Standards, ensuring compliance with applicable disclosure requirements[8] - The company continues to adhere to corporate governance principles and standards, aiming to enhance governance levels in response to increasing regulatory requirements[59] - The executive directors of the company include Mr. Liu Yu Liang, Mr. Liu De Feng, and Mr. Liu De Qi[62] - The non-executive director is Ms. Tang Hong Chen, while the independent non-executive directors are Mr. Lu Wen Sheng, Mr. Lin Lu, Mr. Li Jia Lin, and Mr. Gan Cheng Zhuo[62] Future Outlook and Strategy - The company plans to focus on new product development and market expansion strategies in the upcoming fiscal year[3] - The group anticipates challenges due to ongoing U.S.-China trade tensions, which may pressure cargo volumes from China and impact future profitability[42] - The group plans to implement cost-saving measures and seek new revenue sources to navigate significant challenges ahead[42] Employment and Workforce - The group employed 176 employees as of December 31, 2024, a decrease from 182 employees in the previous year[54] Dividends - The group has no proposed dividend for the fiscal year ending December 31, 2024, consistent with the previous year[25] - The board of directors decided not to recommend any dividend payment for the year ended December 31, 2024[56]
永丰集团控股(01549) - 2024 - 中期财报
2024-09-12 08:39
Revenue and Profitability - Revenue for the six months ended 30 June 2024 decreased to HK$178.749 million from HK$198.551 million in the same period in 2023[4] - Revenue for the six months ended 30 June 2024 decreased by 10.0% to HK$178,749,000 compared to HK$198,551,000 in the same period last year[8][9] - Revenue from feeder shipping services accounted for 73.2% of total revenue, while carrier-owned container services contributed 17.4%[5] - Revenue from the Group's feeder vessel services decreased by approximately HK$23,982,000 or 15.5% compared to the same period last year[19] - Revenue from the Group's carrier-owned container services decreased by approximately HK$3,594,000 or 17.9% compared to the same period last year[19] - Revenue for the six months ended 30 June 2024 was HK$178.749 million, a decrease from HK$198.551 million in the same period in 2023[57] - Revenue from rendering feeder shipping services decreased to HK$130,852 thousand in 2024 from HK$154,834 thousand in 2023[93] - Revenue from sea freight forwarding agency services increased to HK$31,082 thousand in 2024 from HK$23,357 thousand in 2023[93] - Total revenue for the six months ended 30 June 2024 was HK$178,749 thousand, compared to HK$198,551 thousand in the same period in 2023[93] - Revenue from external customers for the six months ended 30 June 2024 was HK$178,749,000, with Guangdong routes contributing HK$31,082,000, Fujian routes HK$30,718,000, Guangxi routes HK$51,759,000, and Hainan routes HK$21,764,000[77] Gross Profit and Margins - Gross profit for the period was HK$32.691 million, down from HK$39.367 million in 2023, with a gross profit margin of 18.3% compared to 19.8% in 2023[4] - Gross profit decreased by 17.0% to HK$32,691,000, with gross profit margin declining from 19.8% to 18.3%[8][9] - Gross profit for the six months ended 30 June 2024 was HK$32.691 million, down from HK$39.367 million in 2023[57] - Segment results showed a gross profit of HK$32,691,000, with Guangdong routes contributing HK$4,714,000, Fujian routes HK$6,548,000, Guangxi routes HK$8,096,000, and Hainan routes HK$6,707,000[78] Net Profit and Loss - The company reported a loss attributable to equity holders of HK$9.225 million, compared to a profit of HK$6.419 million in 2023[4] - The Group recorded a loss of HK$9,225,000, compared to a profit of HK$6,419,000 in the same period last year[8][9] - The company reported a net loss of HK$9.225 million for the six months ended 30 June 2024, compared to a net profit of HK$6.419 million in 2023[57] - The Group recorded a loss attributable to equity holders of approximately HK$9,225,000 for the six months ended 30 June 2024, compared to a profit of HK$6,419,000 in the same period last year[19] - The Group reported a loss attributable to equity holders of HK$9,225,000 for the six months ended 30 June 2024, compared to a profit of HK$6,419,000 in the prior period[104] - Loss for the period was HK$9,225 thousand[61] - The Group reported a pre-tax loss of HK$1,305,000 in 2024, compared to a pre-tax profit of HK$7,662,000 in 2023[171] Earnings Per Share - Basic and diluted loss per share was HK$0.06, compared to earnings per share of HK$0.41 in 2023[4] - Basic and diluted loss per share for the six months ended 30 June 2024 was HK$0.6, compared to earnings per share of HK$0.41 in 2023[57] - The Group's basic loss per share was HK$0.006 for the six months ended 30 June 2024, compared to earnings per share of HK$0.004 in the prior period[110] Segment Performance - The Fujian routes segment contributed 17.2% to total revenue, while Guangdong routes accounted for 28.9%[5] - Feeder shipping services saw a 2.1% increase in shipment volume to 174,891 TEUs, but gross profit decreased by 21.4% to HK$27,977,000[10][12] - Sea freight forwarding agency services recorded a 7.4% increase in shipment volume to 4,253 TEUs and a 24.9% increase in gross profit to HK$4,714,000[11][12] - Segment results for the six months ended 30 June 2023 were HK$39,367 thousand, with the highest contribution from Guangdong routes at HK$14,143 thousand[86] Operational Costs and Expenses - Operational costs decreased by 8.2% to HK$146,058,000, primarily due to lower bunker charges and feeder vessel rental fees[13][14] - Administrative and other operating expenses increased by 11.1% to HK$39,477,000 due to tax audit penalties[15][16] - Administrative and other operating expenses increased to HK$39.477 million in 2024 from HK$35.527 million in 2023[57] - The total cost of services for the period was HK$146,058,000, with Guangdong routes incurring HK$26,368,000, Fujian routes HK$24,170,000, Guangxi routes HK$43,663,000, and Hainan routes HK$15,057,000[77] - Unallocated income and expenses included other income, net of HK$6,750,000, administrative and other operating expenses of HK$39,477,000, and finance costs of HK$1,269,000[79] - The Group's depreciation expense increased to HK$6,021,000 in 2024 from HK$5,940,000 in 2023[171] Tax and Penalties - Tax expenses increased by approximately HK$6,677,000 and tax penalties increased by approximately HK$4,887,000 compared to the same period last year[19] - Income tax expenses rose significantly to HK$7.920 million in 2024 from HK$1.243 million in 2023[57] - The Group recorded a current period Hong Kong Profits Tax of HK$668,000 for the six months ended 30 June 2024, compared to HK$1,243,000 in the prior period[104] - The Group's Hong Kong subsidiaries are subject to a two-tiered profits tax regime, with the first HK$2 million of assessable profits taxed at 8.25% and profits above HK$2 million taxed at 16.5%[103] - The Group's entities in China are subject to a 25% statutory Enterprise Income Tax rate, but no tax was provided for the six months ended 30 June 2024 as there were no assessable profits[103] Assets and Liabilities - Current assets decreased to HK$179.506 million from HK$189.322 million at the end of 2023[5] - Net current assets stood at HK$46.495 million, down from HK$50.677 million at the end of 2023[5] - The gearing ratio improved to 22.2% from 23.8% at the end of 2023[5] - As of 30 June 2024, the Group held bank balances and cash equivalent to approximately HK$104,016,000, a decrease from HK$106,505,000 as of 31 December 2023[21] - The Group's gearing ratio as of 30 June 2024 was 22.2%, a decrease from 23.8% as of 31 December 2023[21] - Total assets decreased from HK$215,394 thousand to HK$205,206 thousand compared to the previous period[59] - Net current assets decreased from HK$50,677 thousand to HK$46,495 thousand[59] - Total equity decreased from HK$214,359 thousand to HK$204,636 thousand[59] - Accumulated profits decreased from HK$77,680 thousand to HK$68,455 thousand[62] - Specified non-current assets in Hong Kong decreased to HK$123,308 thousand in 2024 from HK$126,615 thousand in 2023[89] Cash Flow - Net cash from operating activities improved to HK$2,353 thousand from a negative HK$18,370 thousand in the previous period[69] - Net cash from investing activities increased to HK$914 thousand from HK$388 thousand[69] - Net cash used in financing activities was HK$5,641 thousand compared to HK$129 thousand in the previous period[69] - Cash and cash equivalents decreased by HK$2,374 thousand to HK$104,016 thousand[69] - Cash generated from operations improved significantly to HK$3,879,000 in 2024 from a negative HK$13,795,000 in 2023[171] Borrowings and Financial Liabilities - The Group had a mortgage loan of approximately HK$18,660,000 and a term loan of approximately HK$25,223,000 as of 30 June 2024, both repayable over five years[21] - The effective interest rates on the Group's borrowings ranged from 1.6% to 6.9% as of 30 June 2024[21] - Secured bank borrowings as of 30 June 2024 amounted to HK$48,909,000, with HK$2,080,000 bearing interest at HIBOR plus 1.7% per annum, repayable within one year[162] - A mortgage loan of approximately HK$18,660,000 as of 30 June 2024 bears interest at the lower of HIBOR plus 1.25% or Hong Kong Dollar Prime Rate minus 2.7%, repayable over five years[163] - A term loan of approximately HK$25,223,000 as of 30 June 2024 bears interest at 1-month HIBOR plus 1.75%, repayable over five years[163] - The effective interest rates on interest-bearing borrowings ranged from 1.6% to 6.9% as of 30 June 2024[163] - Total lease liabilities as of 30 June 2024 were HK$1,563,000, with current liabilities at HK$993,000 and non-current liabilities at HK$570,000[166] - Total cash outflow for leases for the six months ended 30 June 2024 was approximately HK$20,052,000[166] - Unpaid lease payments not reflected in lease liabilities as of 30 June 2024 were approximately HK$8,019,000[167] Property, Plant, and Equipment - The Group's property, plant and equipment had a total net carrying amount of HK$102,766,000 as of 30 June 2024[122] - The carrying amount of leasehold land and buildings decreased from HK$64,475,000 as of January 1, 2024, to HK$63,068,000 as of June 30, 2024[132] - The net book value of leasehold land and buildings was approximately HK$62,394,000 as of June 30, 2024, compared to HK$63,749,000 as of December 31, 2023[132] - The remaining lease terms for the Group's leasehold land and buildings ranged between 19.5 to 41.5 years as of June 30, 2024[132] - The fair value of investment properties remained constant at HK$56,800,000 as of both January 1, 2024, and June 30, 2024[134][135] - The carrying amount of investment properties decreased from HK$56,799,000 as of January 1, 2024, to HK$55,504,000 as of June 30, 2024[134] - Investment properties with a total carrying amount of approximately HK$55,504,000 as of June 30, 2024, were pledged to secure banking facilities[139] Trade Receivables and Payables - Trade receivables from third parties decreased to HK$62,801,000 as of 30 June 2024 from HK$66,372,000 at 31 December 2023, with a loss allowance of HK$2,734,000 remaining unchanged[146][150] - The aging analysis of trade receivables shows that 33,712,000 (53.7%) were within 30 days, 16,744,000 (26.7%) were 31-60 days, 6,684,000 (10.6%) were 61-90 days, and 5,661,000 (9.0%) were over 90 days as of 30 June 2024[156] - Trade payables to third parties increased to HK$57,279,000 as of 30 June 2024 from HK$55,717,000 at 31 December 2023, with 38,291,000 (66.9%) within 30 days, 10,101,000 (17.6%) 31-60 days, 6,307,000 (11.0%) 61-90 days, and 2,580,000 (4.5%) over 90 days[160][161] - Trade and other receivables decreased to HK$3,938,000 in 2024 from HK$20,915,000 in 2023, while trade and other payables reduced to HK$4,984,000 from HK$49,663,000[171] Share Capital and Ownership - Authorized share capital as of 30 June 2024 was 10,000,000,000 ordinary shares of HK$0.01 each, totaling HK$100,000,000[168] - Issued and fully paid share capital as of 30 June 2024 was 1,550,000,000 ordinary shares of HK$0.01 each, totaling HK$15,500,000[168] - Mr. Lau Yu Leung holds a 69.18% interest in the company through controlled corporations[36] - Madam Tong Hung Sum also holds a 69.18% interest in the company through controlled corporations[36] - Mr. Lau Tak Fung Wallace holds a 0.60% interest in the company[36] - Mr. Lau Tak Kee Henry holds a 3.39% interest in the company[36] - Ever Winning Investment holds 1,019,831,999 shares, representing 65.80% of the company's total shares[47] Employee and Management Compensation - Total number of employees as of 30 June 2024 was 174, compared to 182 as of 31 December 2023[30] - Total staff costs for the six months ended 30 June 2024 were approximately HK$20,802,000, compared to HK$20,969,000 for the same period last year[30] - The Group's remuneration policy compensates employees based on performance, qualifications, and operating results, including basic salaries and cash bonuses[30] - Directors and senior management receive compensation in the form of fees, salaries, allowances, discretionary bonuses, and other benefits, with reference to market levels and company performance[31] - Key management personnel remuneration increased to HK$6,481,000 in 2024 from HK$5,641,000 in 2023, with salaries and allowances rising to HK$5,884,000 from HK$5,044,000[169] Other Income and Expenses - Other income increased by 29.3% to HK$6,750,000, driven by higher government grants and bank interest income[14][16] - Other income, net, increased to HK$6.750 million in 2024 from HK$5.222 million in 2023[57] - Other income, net increased to HK$6,750 thousand in 2024 from HK$5,222 thousand in 2023, driven by higher government grants of HK$4,451 thousand[96] - Finance costs decreased to HK$1,269 thousand in 2024 from HK$1,400 thousand in 2023, primarily due to lower interest on interest-bearing borrowings[97] Financial Assets and Investments - The fair value of equity investments listed in Hong Kong decreased from HK$6,158,000 as of December 31, 2023, to HK$5,861,000 as of June 30, 2024[142] - Financial assets at fair value through profit or loss decreased to HK$5,861,000 as of 30 June 2024 from HK$6,158,000 at the beginning of the reporting period, with a net fair value change of HK$(297,000) recognized in profit or loss[143] - The fair value of financial assets at FVPL (Level 1) was HK$5,861,000 as of 30 June 2024, slightly lower than HK$6,158,000 as of 31 December 2023[175] Dividends and Shareholder Returns - The Board resolved not to declare an interim dividend for the six months ended 30 June 2024[53] - The Board resolved not to declare an interim dividend for the six months ended 30 June 2024 and 2023[106] Accounting Standards and Reporting - The interim financial statements were prepared in accordance with Hong Kong Accounting Standard 34 "Interim Financial Reporting" (HKAS 34) and the applicable disclosure provisions of the Rules Governing the Listing of Securities on the Stock Exchange[70] - The company adopted revised HKFRSs, including amendments to HKAS 1 regarding the classification of liabilities as current or non-current and non-current liabilities with covenants, effective from the current period[73] - The Interim Financial Statements were approved by the board of directors on 29 August 2024[177][178] Miscellaneous - The Group utilized HK$750,000 of bank guarantee facilities as of 30 June 2024, unchanged from 31 December 2023, secured by pledged bank deposits[157] - No significant transactions with connected
永丰集团控股(01549) - 2024 - 中期业绩
2024-08-29 10:32
Revenue Performance - Revenue for the six months ended June 30, 2024, was HKD 4,178,749,000, a significant increase from HKD 198,551,000 in the same period of 2023[3] - For the six months ended June 30, 2024, revenue from external customers was HKD 178,749,000, a decrease from HKD 198,551,000 for the same period in 2023, representing a decline of approximately 9.1%[25] - The group reported revenue of approximately HKD 178,749,000 for the six months ended June 30, 2024, a decrease of 10.0% compared to HKD 198,551,000 for the same period in 2023[38] Profitability - Gross profit for the same period was HKD 32,691,000, down from HKD 39,367,000 year-on-year[5] - The gross profit for the six months ended June 30, 2024, was HKD 32,691,000, compared to HKD 39,367,000 for the same period in 2023, indicating a decrease of about 17.0%[22] - The company reported a loss before tax of HKD 1,305,000 for the six months ended June 30, 2024, compared to a profit of HKD 6,419,000 for the same period in 2023, reflecting a significant decline in performance[23] - The group reported a loss attributable to equity holders of approximately HKD 9,225,000, compared to a profit of approximately HKD 6,419,000 in the same period last year, primarily due to a significant decrease in revenue from shipping services[42] Expenses - Administrative and other operating expenses rose to HKD 39,477,000 from HKD 35,527,000 in the previous year[6] - The total administrative and other operating expenses for the six months ended June 30, 2024, were HKD 39,477,000, compared to HKD 35,527,000 for the same period in 2023, an increase of approximately 11.0%[23] - Employee costs, including directors' remuneration, totaled HKD 20,802,000, slightly down from HKD 20,969,000, a decrease of 0.8%[27] Assets and Liabilities - Total assets as of June 30, 2024, were HKD 205,206,000, down from HKD 215,394,000 at the end of 2023[16] - Current liabilities amounted to HKD 133,011,000, a decrease from HKD 138,645,000 at the end of the previous year[16] - Trade receivables from third parties amounted to HKD 65,535,000, down from HKD 69,106,000, a decrease of 5.0%[32] - Trade payables to third parties amounted to HKD 57,279,000 as of June 30, 2024, compared to HKD 55,717,000 as of December 31, 2023[34] - Other payables, including accrued expenses, were HKD 16,083,000 as of June 30, 2024, down from HKD 22,612,000 as of December 31, 2023[34] Cash Flow and Financing - The net cash position as of June 30, 2024, was HKD 46,495,000, compared to HKD 50,677,000 at the end of 2023[16] - The group had bank borrowings of approximately HKD 2,080,000, secured against trade receivables, with an interest rate of HIBOR plus 1.7%[35] - The actual annual interest rate for interest-bearing borrowings ranged from 1.6% to 6.9% as of June 30, 2024[37] - The group had no bank borrowings as of June 30, 2024, compared to approximately HKD 4,080,000 as of December 31, 2023[44] Other Income - The company reported other income of HKD 56,750,000, an increase from HKD 5,222,000 year-on-year[6] - Bank interest income increased to HKD 794,000 from HKD 440,000, representing an increase of 80.0%[26] - Government grants rose to HKD 4,451,000 from HKD 3,457,000, reflecting a growth of 28.8%[26] - Other income increased by approximately 29.3% to about HKD 6,750,000 from approximately HKD 5,222,000 in the same period last year, attributed to increased government subsidies and bank interest income[41] Segment Performance - The company’s segment performance showed a gross profit of HKD 4,714,000 from marine cargo agency services for the six months ended June 30, 2024[22] - The company’s segment performance from Fujian shipping services generated a gross profit of HKD 6,548,000 for the same period[22] - The company’s segment performance from Guangdong shipping services generated a gross profit of HKD 8,096,000 for the same period[22] - The company’s segment performance from Hainan shipping services generated a gross profit of HKD 6,626,000 for the same period[22] Employee and Operational Metrics - The group had a total of 174 employees as of June 30, 2024, a decrease from 182 employees as of December 31, 2023[46] - The group identified new customers to expand revenue sources despite a challenging business environment, indicating proactive measures to adapt to market conditions[43] - The group plans to continue providing high-quality services and effectively manage its fleet and container operations to improve cost efficiency[43] Dividends and Shareholder Returns - The company did not declare any interim dividends for the six months ended June 30, 2024, and 2023[30] - The group did not declare any interim dividend for the six months ended June 30, 2024, consistent with the previous year[50] - The group anticipates that despite the current challenges, it will ultimately deliver returns to shareholders in the long term[43] Miscellaneous - The company has not adopted any new accounting standards that will take effect from January 1, 2024, for the current financial period[20] - There were no significant events affecting the group from June 30, 2024, to the date of the announcement[52]
永丰集团控股(01549) - 2023 - 年度财报
2024-04-19 10:02
Financial Performance - For the year ended December 31, 2023, the Group recorded revenue of approximately HK$392,220,000, a decrease of 40.2% compared to HK$655,518,000 in 2022[17]. - The Group's profit for the year was approximately HK$513,000, down from HK$27,642,000 in 2022, representing a decline of 98.1%[17]. - Gross profit for 2023 was HK$68,364,000, with a gross profit margin of 17.4%, compared to HK$103,810,000 and a margin of 15.8% in 2022[10]. - Operating profit decreased to HK$3,558,000 in 2023, down from HK$34,834,000 in 2022, reflecting a significant decline in operating profit margin to 0.9%[10]. - The Group's operational costs amounted to approximately HK$323,856,000, representing a decrease of approximately HK$227,852,000 or 41.3% compared to the same period last year[36]. Asset and Liability Management - Current assets as of December 31, 2023, were HK$189,322,000, while current liabilities were HK$138,645,000, resulting in net current assets of HK$50,677,000[13]. - The Group's total assets decreased to HK$354,039,000 in 2023 from HK$413,132,000 in 2022, indicating a reduction of 14.3%[13]. - The gearing ratio improved to 23.8% in 2023, down from 30.4% in 2022, reflecting a stronger balance sheet position[13]. - As of December 31, 2023, the Group held bank balances and cash of approximately HK$106,505,000, a decrease from approximately HK$147,991,000 in 2022[48]. Operational Performance - Container throughput at Hong Kong port decreased by 13.7% compared to the previous year, impacting the Group's operations[17]. - The total shipment volume for the Group's feeder shipping services, carrier owned container services, and barge services decreased by 125,856 TEUs or 26.1%, from 482,364 TEUs to 356,508 TEUs[31]. - The sea freight forwarding agency services experienced a decrease in shipment volume of 558 TEUs or 6.4%, from 8,685 TEUs to 8,127 TEUs[32]. Client and Market Strategy - The Group aims to negotiate with shipowners to reduce vessel leasing costs and improve vessel utilization rates to enhance efficiency and service[22]. - The Group has successfully secured several new clients to expand revenue streams despite a challenging operating environment[21]. ESG and Sustainability Initiatives - The company emphasizes its commitment to sustainable development, integrating environmental, social, and governance (ESG) measures into its operations[71]. - The Group's ESG strategy aims to achieve sustainable development goals by ensuring compliance with the industry's highest ESG standards through effective management processes and strategies[98]. - The Group recognizes the importance of effective ESG risk management for achieving robust and long-term development, particularly in addressing environmental risks in the shipping industry[99]. - The Group is committed to continuously implementing and enhancing ESG strategies to create value for shareholders, customers, employees, and communities[103]. Employee and Workplace Management - As of December 31, 2023, the Group had a total workforce of 182 employees, with 144 located in Mainland China and 38 in Hong Kong[116]. - The employee turnover rate was 15% for females and 10% for males, with a total turnover rate of 19% for employees under 30 years old[117]. - The Group reported zero work-related fatalities and zero lost days due to work injury for the year ended December 31, 2023[121]. - A total of 182 training hours were provided to employees during the year, emphasizing the importance of employee development[126]. Environmental Impact and Compliance - The Group strictly adheres to all environmental protection laws and regulations, including the "Environmental Protection Law of the People's Republic of China"[154]. - The Group encourages employees and suppliers to reduce environmental impact and comply with environmental policies[155]. - The Group's gas oil consumption surged by 67% in 2023 compared to the previous year, leading to a significant increase in overall greenhouse gas emissions[163]. - Greenhouse gas emissions reached 36,599.13 tonnes in 2023, up from 23,651.21 tonnes in 2022, exceeding the target of ≤ 19,559.53 tonnes by 2030[166]. Governance and Compliance - The Group adheres to various laws and regulations regarding anti-corruption, including the "Prevention of Bribery Ordinance" in Hong Kong and multiple laws in Mainland China[144]. - The Group has implemented a whistleblowing policy to combat fraud and corruption, allowing employees to report misconduct confidentially[145]. - The Group's governance framework includes transparency, accountability, and alignment with ESG values to promote sustainable development[110].
永丰集团控股(01549) - 2023 - 年度业绩
2024-03-25 11:53
Financial Performance - Total revenue for the year ended December 31, 2023, was HKD 392.22 million, a decrease of 40.2% compared to HKD 655.52 million in 2022[3] - Gross profit for the same period was HKD 68.36 million, down 34.2% from HKD 103.81 million in 2022[3] - The net profit for the year was HKD 0.51 million, a significant decline from HKD 27.64 million in the previous year, representing a decrease of 98.2%[4] - Basic and diluted earnings per share were both HKD 0.03, compared to HKD 1.78 in 2022, reflecting a decrease of 98.3%[3] - Revenue from external customers for the year ended December 31, 2023, was HKD 392,220,000, a decrease from HKD 655,518,000 in 2022, representing a decline of approximately 40.2%[18] - The company reported a pre-tax profit of HKD 685,000 for the year ended December 31, 2023, down from HKD 32,896,000 in 2022, reflecting a significant decrease of approximately 98%[20] - The annual profit for the year ended December 31, 2023, was HKD 513,000, compared to HKD 27,642,000 in 2022, marking a decline of about 98.1%[20] Assets and Liabilities - Total assets as of December 31, 2023, were HKD 215.39 million, a slight decrease from HKD 221.44 million in 2022[6] - Current liabilities decreased to HKD 138.65 million from HKD 191.70 million in the previous year, indicating a reduction of 27.7%[6] - The company reported a net cash position of HKD 106.51 million, down from HKD 147.99 million in 2022, a decrease of 28.0%[6] - The company's net asset value for investment properties decreased to approximately HKD 56,799,000 in 2023 from HKD 61,356,000 in 2022, reflecting a decline of about 7.5%[36] - Trade receivables from third parties amounted to HKD 69,106,000 in 2023, down from HKD 75,539,000 in 2022, representing a decrease of approximately 8.5%[37] - Trade payables to third parties decreased to HKD 55,717,000 in 2023 from HKD 85,541,000 in 2022, reflecting a significant decline of approximately 34.9%[40] - The company’s total liabilities related to trade and other payables were approximately HKD 88,603,000 in 2023, compared to HKD 120,530,000 in 2022, indicating a decrease of about 26.5%[40] Income and Expenses - Other income increased to HKD 15.07 million from HKD 11.86 million, marking a growth of 26.5%[3] - Administrative and other operating expenses were HKD 78.24 million, slightly down from HKD 80.84 million in the previous year, a decrease of 3.2%[3] - Service costs for the year ended December 31, 2023, totaled HKD (323,856,000), compared to HKD (551,708,000) in 2022, indicating a reduction of about 41.2%[18] - The company recorded a significant impairment loss of HKD 1,967,000 in 2023, which was not present in the previous year[24] - The company’s financing costs for the year ended December 31, 2023, were HKD (2,873,000), compared to HKD (1,938,000) in 2022, indicating an increase of approximately 48.4%[20] - The company's interest expenses for loans increased to HKD 2,779,000 in 2023 from HKD 1,840,000 in 2022, representing a growth of approximately 51.1%[24] - Employee costs decreased slightly to HKD 50,447,000 in 2023 from HKD 51,707,000 in 2022, a reduction of about 2.4%[24] Government Support and Subsidies - The company received government subsidies of HKD 11,416,000 in 2023, up from HKD 9,758,000 in 2022, reflecting an increase of about 16.9%[22] - The group’s other income was positively impacted by increased government support and interest income, reflecting a strategic focus on diversifying revenue streams[50] Corporate Governance and Compliance - The financial statements are prepared in accordance with Hong Kong Financial Reporting Standards, with no significant impact from the adoption of new or revised standards this year[10][11] - The company is committed to maintaining compliance with the applicable disclosure requirements of the Stock Exchange[9] - The company has adhered to the corporate governance principles and standards as outlined in the listing rules up to the fiscal year ending December 31, 2023[75] Future Outlook and Strategy - The management expects that the adoption of new standards will not have a significant impact on the group's financial performance and position[14] - The group has identified several new clients to expand revenue sources despite challenging business conditions[52] - The group plans to continue managing costs and seeking new revenue sources to navigate industry challenges[52] Employment and Workforce - The group has a total of 182 employees as of December 31, 2023, down from 203 employees in 2022[67] Dividends and Securities - The company did not recommend any dividend payment for the year ending December 31, 2023, consistent with the previous year[29] - There were no purchases, sales, or redemptions of the company's listed securities during the fiscal year ending December 31, 2023[71]