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桦欣控股(01657) - 董事会会议日期
2025-07-17 11:50
樺欣控股有限公司(「本公司」)之董事會(「董事會」)謹此宣佈,本公司將於二零二 五年七月二十九日(星期二)舉行董事會會議,藉以(其中包括)考慮及批准刊發本公司及 其附屬公司截至二零二五年四月三十日止年度之經審核綜合業績及考慮建議派付未期股息 (如有)。 承董事會命 樺欣控股有限公司 主席、執行董事兼行政總裁 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之內容概不負責,對其準確 性或完整性亦不發表任何聲明,並明確表示概不會就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之任何損失承擔任何責任。 SG Group Holdings Limited 樺欣控股有限公司 (於開曼群島註冊成立的有限公司) (股份代號: 1657) 董事會會議日期 於本公告日期,執行董事為蔡敬庭先生、蔡清丞先生及李麗美女士;而獨立非執行董事為黎國 鴻先生、楊存洲先生及 Cüneyt Bülent Bilâloğlu 先生。 蔡敬庭 香港,二零二五年七月十七日 ...
桦欣控股(01657) - 董事名单及其角色和职能
2024-12-31 14:19
樺欣控股有限公司 董事名單及其角色和職能 樺 欣 控 股 有 限 公 司 董 事(「董 事」)會(「董事會」)成 員 如 下: 執行董事 SG Group Holdings Limited (於開曼群島註冊成立的有限公司) (股份代號:1657) 黎國鴻 楊存洲 Cüneyt Bülent Bilâloğlu 共有三個董事會委員會。下表列出各委員會成員於此等委員會服務之成員資訊。 | | 審核及風險 | | | | --- | --- | --- | --- | | | 管理委員會 | 薪酬委員會 | 提名委員會 | | 蔡敬庭 | | M | C | | 黎國鴻 | C | | | | 楊存洲 | M | C | M | | Cüneyt Bülent Bilâloğlu | M | M | M | 附 註: 香港,2024年12月31日 蔡敬庭 (董事會主席) 蔡清丞 李麗美 獨立非執行董事 C: 有關委員會的主席 M: 有關委員會的成員 ...
桦欣控股(01657) - 委任执行董事
2024-12-31 14:18
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之內容概不負 責,對其準確性或完整性亦不發表任何聲明,並明確表示概不會就因本公告全部 或任何部分內容而產生或因依賴該等內容而引致之任何損失承擔任何責任。 樺 欣 控 股 有 限 公 司(「本公司」)董 事(「董 事」)會(「董事會」)宣 佈,李 麗 美 女 士(「李 女 士」)已 獲 委 任 為 本 公 司 執 行 董 事,自 二 零 二 四 年 十 二 月 三 十 一 日 起 生 效。 李女士的履歷詳情載列如下: SG Group Holdings Limited 樺欣控股有限公司 (於開曼群島註冊成立的有限公司) (股份代號:1657) 委任執行董事 李女士,47歲,於二零一六年二月一日起獲委任為本集團行政及人力資源經理。 李女士主要負責本集團行政及人力資源管理,且表現傑出。 李女士於簿記及行政範疇擁有逾二十年經驗。於二零一五年三月加入本集團前, 李女士於一九九七年七月至二零零零年八月在G.E. Logistics Inc.擔任會計文員,及 於二零零零年九月至二零零九年七月在Deltamax Freight System Limited任職會計主 管 ...
桦欣控股(01657) - 2025 - 中期财报
2024-12-31 14:17
Revenue Performance - The group's revenue from the traditional segment decreased by 42.9% from approximately HKD 71.8 million to about HKD 41.0 million, reflecting a reduction in sales orders from a major client targeting the US market [3]. - The new retail segment's revenue increased by 31.4% from approximately HKD 14.0 million to about HKD 18.4 million, driven by increased sales orders from a major client in the UK [16]. - For the six months ended October 31, 2024, the company reported revenue of HKD 64,393,000, a decrease of 25% compared to HKD 85,768,000 for the same period in 2023 [123]. - The company's revenue decreased by 24.9% from approximately HKD 85.8 million to about HKD 64.4 million for the six months ending October 31, 2023, primarily due to reduced procurement orders from a major customer targeting the US market and sales discounts given to customers [196]. Profitability and Loss - The group's gross profit decreased from approximately HKD 7.3 million to about HKD 6.8 million, a decline of approximately 6.8%, while the gross profit margin improved from 8.5% to 10.6% [9]. - The company reported a total comprehensive loss of HKD 10,253 thousand for the six months ended October 31, 2023, compared to a loss of HKD 10,912 thousand for the same period in 2024 [102]. - The company recorded a loss before tax of HKD 9,121,000, compared to a loss of HKD 10,304,000 in the previous year, showing an improvement in loss [123]. - The net loss for the period was HKD 9,034,000, which is an improvement from HKD 10,204,000 in the prior year [123]. - The company reported a total segment loss of HKD 7,851,000 for the six months ended October 31, 2024, compared to a loss of HKD 10,304,000 in the previous year [155]. Expenses and Cost Management - The sales and service costs decreased by 26.6% to approximately HKD 57.6 million, compared to HKD 78.5 million for the previous six months [18]. - The sales and distribution expenses increased by 1.4% to approximately HKD 7.1 million, primarily due to increased operating expenses related to the new institutional meal service [11]. - Employee benefit expenses totaled approximately HKD 7.1 million and HKD 4.8 million for the six months ending October 31, 2024, and 2023, respectively, reflecting an increase in workforce and compensation adjustments [54]. - The group has implemented cost control measures to enhance operational efficiency in response to the challenging economic environment [59]. Assets and Liabilities - The group's current assets net value was approximately HKD 57.4 million and HKD 64.3 million as of October 31, 2024, and April 30, 2024, respectively [25]. - The total assets less current liabilities as of October 31, 2024, amounted to HKD 81,457 thousand, down from HKD 90,948 thousand as of April 30, 2024 [99]. - The company's current liabilities increased to HKD 18,871 thousand as of October 31, 2024, compared to HKD 13,349 thousand as of April 30, 2024 [99]. - The company's total liabilities as of October 31, 2024, were HKD 18,871 thousand, reflecting an increase in trade and other payables [99]. Business Strategy and Future Outlook - The group aims to expand its institutional catering business leveraging its supply chain management advantages, targeting sustainable and profitable growth [34]. - The board anticipates a continued decline in discretionary spending and apparel demand over the next 12 months due to economic uncertainties [59]. - The company plans to expand its fashion-related business, including footwear and bags, and enhance its custom integrated clothing design and procurement services [78]. - The company aims to explore collaboration opportunities with internationally renowned figures to enhance its corporate image and visibility [78]. Governance and Compliance - The company has complied with all provisions of the corporate governance code except for provision C.2.1, which states that the roles of the chairman and CEO should be separate [71]. - The company is committed to high-quality governance and transparency, holding its board accountable to shareholders [74]. - The group has complied with all relevant laws and regulations in Hong Kong and China during the period [55]. Shareholder Information - The major shareholder, JC International, holds 71.88% of the issued share capital, with Mr. Cai Jingting being the beneficial owner [64]. - As of October 31, 2024, Mr. Cai Jingting holds 24,000,000 shares, representing 75.00% of the company's issued share capital [80]. Cash Flow and Financing - For the six months ended October 31, 2024, the net cash used in operating activities was HKD (10,865) thousand, an improvement from HKD (23,364) thousand for the same period in 2023 [104]. - The company incurred a net cash outflow from investing activities of HKD 20 thousand for the six months ended October 31, 2024, compared to an outflow of HKD 4,361 thousand for the same period in 2023 [104]. - The company has not obtained new bank loans during the six months ending October 31, 2023, and existing bank loans are used for general working capital [180].
桦欣控股(01657) - 2025 - 中期业绩
2024-12-31 14:11
Revenue Performance - The group's revenue decreased by 42.9% from approximately HKD 71.8 million to about HKD 41.0 million due to a reduction in sales orders from a major client targeting the US market [3]. - The new retail business revenue increased by 31.4% from approximately HKD 14.0 million to about HKD 18.4 million, driven by increased sales orders from a major UK client [5]. - For the six months ended October 31, 2024, the company reported revenue of HKD 64,393,000, a decrease of 25% compared to HKD 85,768,000 for the same period in 2023 [80]. - The company's revenue from the traditional segment decreased by 42.9% to approximately HKD 41.0 million, down from about HKD 71.8 million in the previous period [147]. - Revenue from the new retail segment increased by 31.4% to approximately HKD 18.4 million, up from about HKD 14.0 million [147]. - The company recorded approximately HKD 5.1 million in revenue from its new institutional catering service, reflecting a successful start and high customer satisfaction [148]. Profitability and Loss - The gross profit decreased by approximately 6.8% from about HKD 7.3 million to approximately HKD 6.8 million, with a gross profit margin of about 10.6% compared to 8.5% in the previous period [7]. - The company recorded a loss of approximately HKD 9.0 million for the period, compared to a loss of HKD 10.2 million for the six months ended October 31, 2023, primarily due to decreased revenue and reduced procurement orders from a major client targeting the US market [39]. - The total comprehensive loss of HKD 10,253,000 for the six months ended October 31, 2023, improved to a loss of HKD 8,912,000 for the same period in 2024 [85]. - The total pre-tax loss for the six months ending October 31, 2024, was 9,121 thousand HKD, compared to a pre-tax loss of 10,304 thousand HKD for the same period in 2023, indicating an improvement of approximately 11.5% [111]. - The company reported a basic and diluted loss per share of HKD 0.28, an improvement from HKD 0.32 in the previous year [80]. Expenses and Cost Management - The group's cost of sales and services decreased by 26.6% to approximately HKD 57.6 million, consistent with the decline in revenue [6]. - Administrative expenses decreased by approximately 5.8% from about HKD 8.6 million to approximately HKD 8.1 million, mainly due to optimized logistics team expenses [11]. - Sales and distribution expenses increased by approximately 1.4% from about HKD 7.0 million to approximately HKD 7.1 million, primarily due to increased operating expenses for providing institutional catering [12]. Financial Position and Liquidity - As of October 31, 2024, the company's current assets net value was approximately HKD 57.4 million, down from HKD 64.3 million as of April 30, 2024, with cash and bank balances of approximately HKD 20.9 million and HKD 32.4 million respectively [42]. - The company's current ratio decreased from approximately 5.8 as of April 30, 2024, to approximately 4.0 as of October 31, 2024 [42]. - The company's cash and cash equivalents decreased to HKD 20,902,000 from HKD 32,430,000, indicating a liquidity challenge [78]. - The company reported a net cash outflow from operating activities of HKD 10,865,000 for the six months ended October 31, 2024, compared to HKD 23,364,000 for the same period in 2023, indicating an improvement in cash flow management [87]. - The total cash and cash equivalents at the end of the period were HKD 20,902,000, significantly up from HKD 5,117,000 in the previous year, reflecting a positive trend in liquidity [87]. Market and Business Strategy - The group plans to expand its fashion-related business, including footwear and bags, and enhance its custom clothing design and procurement services [20]. - The company plans to leverage its supply chain management advantages in the food and beverage industry to transform and expand its institutional catering business for sustainable and profitable growth [27]. - The company plans to expand its market share in the institutional catering business through diversified high-value menus and customer-centric services [148]. - The board anticipates a continued decline in discretionary spending and apparel demand over the next 12 months due to uncertainties in the global economic recovery [27]. Risks and Governance - The group faces risks related to reliance on major clients without long-term contracts, which may lead to revenue uncertainty and potential fluctuations [21]. - The board believes that the dual role of the Chairman and CEO held by Mr. Cai is in the best interest of the group despite a deviation from corporate governance code [66]. - The company has complied with all provisions of the corporate governance code, except for the separation of roles of Chairman and CEO [66]. Shareholder Information - As of October 31, 2024, JC International holds 23,000,000 shares, representing 71.88% of the company's issued share capital [53]. - No dividends were recommended for the six months ended October 31, 2024, consistent with the previous year [65].
桦欣控股(01657) - 董事会会议日期
2024-12-17 11:02
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之內容概不負責,對其 準確性或完整性亦不發表任何聲明,並明確表示概不會就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之任何損失承擔任何責任。 SG Group Holdings Limited 樺欣控股有限公司 承董事會命 樺欣控股有限公司 主席兼行政總裁 蔡敬庭 ( 於開曼群島註冊成立的有限公司 ) (股份代號: 1657) 董事會會議日期 樺欣控股有限公司(「本公司」)之董事會(「董事會」)謹此宣佈,本公司將於二零 二四年十二月三十一日(星期二)舉行董事會會議,藉以(其中包括)考慮及批准刊發本 公司及其附屬公司截至二零二四年十月三十一日止六個月之未經審核綜合業績及考慮建 議 派付中期股息(如有)。 香港,二零二四年十二月十七日 於本公告日期,執行董事為蔡敬庭先生及蔡清丞先生;而獨立非執行董事為黎國鴻先生、 楊存洲先生及 Cüneyt Bülent Bilâloğlu 先生。 ...
桦欣控股(01657) - 於二零二四年十月三十一日举行之股东週年大会投票表决结果
2024-10-31 13:00
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之內容概不負 責,對其準確性或完整性亦不發表任何聲明,並明確表示概不會就因本公告全部 或任何部分內容而產生或因依賴該等內容而引致之任何損失承擔任何責任。 SG Group Holdings Limited 樺欣控股有限公司 (於開曼群島註冊成立的有限公司) (股份代號: 1657) 於二零二四年十月三十一日舉行之股東週年大會投票表決結果 茲 提 述 樺 欣 控 股 有 限 公 司(「本公司」)日 期 均 為 二 零 二 四 年 十 月 八 日 之 股 東 週 年 大 會(「二零二四年股東週年大會」)通 告(「股東週年大會通告」)及 通 函(「通 函」)。除 另 有界定者外,本公告所用詞彙與通函所界定者具有相同涵義。 董 事 會(「董事會」)欣 然 公 佈,於 股 東 週 年 大 會 通 告 內 的 所 有 提 呈 決 議 案(「提呈決 議 案」),已 於 二 零 二 四 年 十 月 三 十 一 日(星 期 四)舉 行 之 二 零 二 四 年 股 東 週 年 大 會 上,以按股數投票表決方式獲股東正式通過。 於 二 零 二 四 年 股 東 週 年 大 會 ...
桦欣控股(01657) - 2024 - 年度财报
2024-07-31 14:56
Environmental Management - The company generated a total of 36.4 tons of non-hazardous waste, primarily textile materials, with nearly all waste being reused rather than disposed of[13]. - The company reported zero hazardous waste generation in 2024, demonstrating a commitment to environmental management and compliance with regulations[12]. - The company aims to actively implement material-saving plans to maintain or reduce waste generation density[21]. - The company has established environmental goals related to reducing greenhouse gas emissions and improving energy and water efficiency[20]. - The company emphasizes the importance of environmental protection and resource conservation in its operations, ensuring no significant harm to the environment[22]. - The company plans to encourage employees to recycle and properly dispose of office waste, including batteries and light tubes[15]. - The company has implemented energy-saving measures, such as using LED lighting and adjusting air conditioning temperatures to between 25°C and 26°C[21]. - The company produced an average of 0.03 tons of CO2 equivalent per production unit in September 2023, indicating stable emissions levels[8]. - The company is collecting and evaluating indirect emissions data related to its supply chain for future reporting[7]. - The company emphasizes energy-saving initiatives, such as using LED lighting and maintaining air conditioning temperatures between 25°C and 26°C to control greenhouse gas emissions[50]. - The company encourages employee participation in environmental initiatives to improve its overall environmental performance[52]. Employee Development and Welfare - The average training hours for employees increased from 3.04 hours in 2023 to 3.09 hours in 2024, indicating the company's commitment to employee development and skill enhancement[34]. - The number of employees rose from 44 in 2023 to 46 in 2024, reflecting a positive trend in workforce stability and growth[58]. - Training hours for senior management significantly increased from 1.80 hours in 2023 to 2.29 hours in 2024, demonstrating the company's focus on enhancing leadership skills[63]. - The company maintains a zero record of work-related fatalities and lost workdays due to injuries, showcasing its commitment to employee welfare and safety[59]. - All employees received training, with a 100% training rate across various employee categories, indicating a strong commitment to employee development[61]. - The company has established a comprehensive employee compensation policy based on performance, qualifications, and capabilities[130]. - The company provides extensive benefits and career development opportunities for all employees, including retirement plans and medical insurance[131]. - The group emphasizes voluntary employment principles and provides adequate compensation for overtime work, demonstrating a focus on employee welfare and work-life balance[65]. Compliance and Ethical Standards - The company has implemented measures to ensure compliance with environmental and social standards among suppliers, including prohibiting child and forced labor[39]. - The group has a strict policy against forced labor and child labor, with no incidents reported during the year, reflecting a commitment to ethical labor standards[66]. - The group has implemented comprehensive guidelines to protect customer privacy and personal data, highlighting the importance of information security[73]. - The group evaluates potential suppliers based on experience, reputation, financial stability, and ethical standards to select the most suitable partners[68]. - The company has implemented strict compliance frameworks and reporting mechanisms to foster a culture of integrity and transparency among employees[102]. - The company has provided anti-corruption training to its chairman and employees, reinforcing its commitment to ethical conduct[84]. - The company has not faced any legal disputes related to bribery, extortion, fraud, or money laundering during the reporting year, reflecting a strong adherence to ethical business practices[100]. - An internal management team has been established to oversee compliance with data protection regulations, with no complaints related to customer data breaches reported during the year[99]. Corporate Governance - The company complies with the Cayman Islands Companies Law, listing rules, and securities and futures regulations regarding financial disclosure and corporate governance[117]. - The company has received annual written confirmations regarding the independence of all independent non-executive directors[123]. - The company has adopted a code of conduct for directors regarding securities trading, ensuring compliance with the standards set forth in the listing rules[137]. - The board of directors includes three independent non-executive directors, ensuring a strong independent element within the board[150]. - The remuneration of directors is determined by the remuneration committee, considering the group's operational performance and market statistics[148]. - The company has established effective mechanisms to ensure the board receives independent opinions and advice, with three independent non-executive directors constituting over one-third of the board[159]. - The attendance record for board meetings shows full participation from executive and independent non-executive directors[158]. - The independent non-executive directors have equal status with other board members and are actively involved in decision-making processes[159]. - The company has established a nomination committee to review the board's structure and recommend suitable candidates for board membership[193]. - The company has maintained good corporate governance practices, with details provided in the corporate governance report[184]. Financial Performance - Revenue from supplying apparel products amounted to HKD 121,042,000 for the year ending April 30, 2024, down from HKD 149,362,000 in 2023, representing a decrease of approximately 19%[190]. - The company has implemented significant monitoring controls regarding revenue recognition for apparel supply contracts, ensuring compliance with HKFRS 15[190]. - The independent auditor's report confirms that the consolidated financial statements present a true and fair view of the group's financial position as of April 30, 2024[188]. - The audit and risk management committee, composed of three independent non-executive directors, reviewed the financial statements for the year and confirmed compliance with applicable accounting standards[180]. - The company has maintained operational and financial independence from its controlling shareholders since its listing date[194]. - The largest customer accounts for 48.4% of total sales, while the top five customers represent 86.6%[178]. - The largest supplier accounts for 28.3% of total purchases, and the top five suppliers account for 77.2%[178]. Community Engagement - The company is focusing on community investment to mitigate any adverse impacts of its operations on local communities, aiming to create sustainable value[104]. - Future community investment efforts will prioritize five key areas, including environmental protection initiatives such as tree planting and waste management programs[105]. - The group actively invests in community diversity and inclusion initiatives, contributing to a more equitable society[79].
桦欣控股(01657) - 2024 - 年度业绩
2024-07-31 14:54
Revenue Performance - The group's revenue increased by 38.5% from approximately HKD 66.3 million for the year ended April 30, 2023, to approximately HKD 91.8 million for the current year, driven by increased sales orders from a major client targeting the US market [14]. - Revenue from the traditional business segment decreased by 19.0% to approximately HKD 121.0 million due to weakened purchasing demand from brands and retailers amid a sluggish global economy [26]. - The group recorded approximately HKD 1.9 million in revenue from its new institutional catering service, reflecting a successful start and high customer satisfaction [30]. - The group recorded a revenue increase of 38.5% from approximately HKD 66.3 million to about HKD 91.8 million in the traditional segment, driven by increased sales orders from a major client targeting the US market [55]. Financial Performance - The group reported a net loss of approximately HKD 17.1 million for the year, compared to a net loss of about HKD 16.4 million for the previous year, primarily due to decreased revenue and reduced procurement orders from a major UK client [62]. - The group recorded a net realized loss of HKD 1.6 million on financial assets measured at fair value through profit or loss for the current year [34]. - The group’s basic loss per share increased to approximately HKD 0.536 from HKD 0.513 in the previous year, consistent with the increase in net loss attributable to shareholders [63]. - The group’s cost of sales decreased by 20.0% to approximately HKD 104.6 million, down from HKD 130.7 million in the previous year, aligning with the decrease in revenue [58]. Operational Efficiency - The group's administrative expenses decreased by approximately 2.8% from about HKD 17.7 million to around HKD 17.2 million, mainly due to optimized logistics team costs [61]. - The sales and distribution expenses increased by approximately 11.6% from about HKD 13.8 million to around HKD 15.4 million, attributed to higher marketing expenses [61]. - The group aims to enhance its customized integrated clothing design and procurement services to better meet existing and potential customer commitments [27]. - The group will continue to explore and optimize its supplier base to strengthen supply chain management services and improve gross margins [27]. Community Investment - The group will focus on five key areas for community investment: education, health and welfare, environmental protection, social inclusion and diversity, and community development [66]. - Investment in education includes scholarships, mentoring programs, school infrastructure development, and skills training to enhance community capabilities [66]. - The group aims to improve community members' quality of life through healthcare, disease prevention, and mental health support initiatives [66]. - Environmental projects supported include tree planting, clean energy activities, waste management programs, and biodiversity protection [66]. - The group is committed to creating a more inclusive society by investing in activities that promote diversity, equity, and inclusion within communities [66]. Compliance and Governance - The company has established an internal management team to oversee compliance with data protection regulations, with no complaints related to customer data breaches received during the reporting year [89]. - The company is committed to high-quality corporate governance and transparency, adhering to the corporate governance code [125]. - The roles of the chairman and CEO are held by the same individual, which deviates from the corporate governance code [125]. - The company strictly adheres to labor laws and regulations in Hong Kong and regularly reviews and improves employee benefits [130]. - The company complies with all relevant laws and regulations related to environmental protection, health and safety, and working conditions [129]. Risk Management - The company faces significant operational risks, particularly reliance on major clients without long-term contracts, leading to revenue uncertainty [110]. - The company operates in a highly competitive market, which may result in reduced market share and profit margins [110]. - There is a risk of credit issues with clients, potentially affecting the company's ability to collect payments [110]. - Fluctuations in raw material prices and supply quality may increase costs, impacting overall supply [110]. Employee and Workforce - The company reported a total employee benefit expenditure of approximately HKD 11,200,000 and HKD 12,000,000 for the years ending April 30, 2024, and 2023, respectively [103]. - The company employs 46 and 44 employees as of April 30, 2024, and 2023, respectively, indicating a slight increase in workforce [103]. Board and Committee Activities - The board consists of two executive directors and three independent non-executive directors, ensuring a balance of power and authority [175]. - The audit and risk management committee has reviewed the company's financial statements for the year, confirming compliance with applicable accounting principles and full disclosure [165]. - The Nomination Committee has met once since April 30, 2024, to assess the board's structure, diversity, and composition [193]. - The company has adopted a board diversity policy that considers gender, age, cultural and educational background, and professional experience [184].
桦欣控股(01657) - 2024 - 中期财报
2024-02-01 09:31
Revenue and Profitability - The company's revenue increased by 45.6% from approximately HKD 58.9 million for the six months ended October 31, 2022, to approximately HKD 85.8 million for the current period[7]. - The new major client targeting the US market contributed approximately HKD 59.5 million, accounting for 69.4% of the total revenue[7]. - Gross profit decreased by approximately 31.3%, from about HKD 10.6 million to approximately HKD 7.3 million, with a gross margin of about 8.5% compared to 18.0% in the previous period[9]. - Sales costs increased by 62.5% to approximately HKD 78.5 million, aligning with the revenue increase[8]. - The company reported a net loss of approximately HKD 10.2 million for the current period, compared to a net loss of about HKD 4.3 million for the six months ended October 31, 2022[17]. - Total comprehensive expenses attributable to the owners of the company were approximately HKD 10.3 million for the current period, up from about HKD 6.2 million in the previous period[18]. - The basic loss per share for the period was approximately HKD 0.32, compared to HKD 0.13 for the six months ended October 31, 2022[19]. - The company reported a loss before tax of HKD 10,304,000, compared to a loss of HKD 4,284,000 for the same period in 2022, indicating a significant increase in losses[69]. - The net loss for the period was HKD 10,204,000, compared to a net loss of HKD 4,250,000 in the previous year, reflecting a worsening financial position[69]. - The company incurred a total comprehensive loss of HKD 10,253,000 for the six months ended October 31, 2023[73]. Expenses and Costs - Administrative expenses decreased by approximately 3.3% from about HKD 8.9 million to approximately HKD 8.6 million, primarily due to reduced employee benefits expenses[14]. - Sales and distribution expenses increased by approximately 17.7% to about HKD 7.0 million, driven by marketing costs associated with collaborations with international celebrities[16]. - Total employee benefit expenses for the six months ended October 31, 2023, were approximately HKD 4.8 million, compared to HKD 7.0 million for the same period in 2022[31]. - The company reported other income of HKD 833,000 for the period, a decrease from HKD 1,989,000 in the previous year[69]. Financial Position - As of October 31, 2023, the group's net current assets were approximately HKD 69.4 million, down from HKD 83.8 million as of April 30, 2023[21]. - The current ratio increased from approximately 4.4 as of April 30, 2023, to approximately 5.7 as of October 31, 2023[21]. - The debt-to-equity ratio as of October 31, 2023, was approximately 0.0778, up from 0.0597 as of April 30, 2023[21]. - Cash and cash equivalents decreased to HKD 5,117,000 from HKD 34,165,000, reflecting a decline of approximately 85%[75]. - The company's net asset value as of October 31, 2023, was HKD 96,722,000, down from HKD 106,975,000, indicating a decrease of about 9.4%[71]. - Total assets decreased to HKD 98,804,000 from HKD 107,606,000 as of April 30, 2023, representing a decline of approximately 8.5%[70]. - Current liabilities decreased significantly from HKD 25,017,000 to HKD 14,807,000, a reduction of approximately 40.5%[70]. Market and Business Risks - The board anticipates a decline in discretionary spending and continued decrease in clothing demand over the next 12 months due to adverse economic conditions[37]. - The company relies on several major customers without long-term contracts, leading to revenue uncertainty and potential fluctuations[40]. - The company faces business risks including reliance on timely responses to end customer preferences and potential significant order reductions from UK customers[40]. - The company operates in a highly competitive market, which may result in decreased market share and profit margins[40]. - The company is exposed to credit risks from customers and may face challenges in collecting payments[40]. - Fluctuations in raw material prices, supply, and quality may lead to increased costs or supply chain disruptions[40]. - The company’s reputation may be adversely affected if suppliers do not comply with social responsibility standards, potentially leading to loss of business[40]. Strategic Initiatives - The company is actively exploring opportunities to optimize supply chain management in Cambodia to mitigate rising production costs from recognized suppliers in China[4]. - The company plans to expand its fashion-related business, including footwear and bags, while enhancing its custom clothing design and procurement services[37]. - The company will optimize its showroom displays and sample product promotions in Hong Kong, China, and the UK[37]. - The board will continue to explore suitable investment opportunities to enhance the company's and shareholders' interests[38]. - The company has no significant investments or capital asset plans beyond those disclosed in its prospectus dated February 28, 2017[27]. Shareholding and Governance - As of October 31, 2023, Mr. Cai Jingting holds 75.00% of the company's issued share capital through JC International[42]. - JC International, owned by Mr. Cai, holds 71.88% of the company's issued share capital[46]. - The company has adopted a code of conduct for directors regarding securities trading, ensuring compliance with trading standards[50]. - The company has complied with all provisions of the corporate governance code except for the separation of roles between the chairman and CEO, which is currently held by the same individual[57]. - There were no significant transactions or contracts involving directors or related entities were reported during the six months ending October 31, 2023[51]. Inventory and Receivables - Inventory increased significantly to HKD 3,984,000 from HKD 1,783,000, representing a growth of approximately 123.5%[70]. - Trade and other receivables rose to HKD 64,817,000 from HKD 61,795,000, an increase of about 4.9%[70]. - Total trade and other receivables as of October 31, 2023, amounted to HKD 64,817,000, an increase from HKD 61,795,000 as of April 30, 2023[106]. - Trade receivables decreased to HKD 35,298,000 as of October 31, 2023, down from HKD 40,666,000 as of April 30, 2023[106]. - The company’s management closely monitors the credit quality of trade receivables, with no overdue or impaired debts reported[108]. - The company has established credit terms of up to 90 days for customers with good credit quality and payment records[108]. Capital Expenditures - The company acquired property, plant, and equipment amounting to HKD 48,000,000 during the six months ended October 31, 2023, compared to HKD 27,000,000 in the same period of 2022[105]. - The company has made deposits for the acquisition of intangible assets and property, plant, and equipment totaling HKD 4,668,000[70].