HK Asia Holdings Limited 港亞控股有限公司 (於開曼群島註冊成立的有限公司) 股份代號 :1723 In E PD 年度報告 2022 1 公司資料 2 港亞控股有限公司 年度報告 二零二二年 目錄 | --- | --- | |--------------------------|-------| | | | | 主席報告 | 3 | | 管理層討論及分析 | 4 | | 董事及高級管理層履歷詳情 | 9 | | 企業管治報告 | 14 | | 董事會報告 | 28 | | 獨立核數師報告 | 41 | | 綜合損益及其他全面收益表 | 46 | | 綜合財務狀況表 | 47 | | 綜合權益變動表 | 48 | | 綜合現金流量表 | 49 | | 綜合財務報表附註 | 50 | | 財務概要 | 108 | 陳謙先生 | --- | --- | |-----------------------------------------------------------------|---------------------------------------------------- ...

| --- | --- | --- | |-------|-------|-------| | | | | | | | | | | | | | | | | | | | | 目錄 公司資料 2 管理層討論及分析 3 企業管治及其他資料 9 未經審核簡明綜合損益及其他全面收益表 13 未經審核簡明綜合財務狀況表 14 未經審核簡明綜合權益變動表 15 未經審核簡明綜合現金流量表 16 未經審核簡明綜合中期財務報表附註 17 1 港亞控股有限公司 中期報告 2021 公司資料 | --- | --- | |-------------------------------------------|----------------------------------------------| | | | | 董事會 | 本公司有關香港法例的法律顧問 | | 執行董事 | 薛馮鄺岑律師行 | | 蕭木龍先生 （主席） | | | 鍾志輝先生 | 註冊辦事處 | | | Cricket Square | | 非執行董事 | Hutchins Drive | | 馬肇文先生 林健倫先生 | P. O. Box 2681 | | ...

HK Asia Holdings Limited 港亞控股有限公司 HK Asia Holdings Limited 港亞控股有限公司 HK Asia Holdings Limited (Incorporated in the Cayman Islands with limited liability) Stock Code :1723 港亞控股有限公 司 ANNUAL REPORT 2021 年度報告 :1723 (於開曼群島註冊成立的有限公司) 股份代號 年度報告 1 港亞控股有限公司 年度報告 二零二一年 公司資料 2 主席報告 3 管理層討論及分析 5 董事及高級管理層履歷詳情 11 企業管治報告 16 董事會報告 29 獨立核數師報告 42 綜合損益及其他全面收益表 47 綜合財務狀況表 48 綜合權益變動表 49 綜合現金流量表 50 綜合財務報表附註 51 財務概要 110 目錄 港亞控股有限公司 年度報告 二零二一年 公司資料 | --- | --- | |------------------------------------------------------|-------------- ...

Financial Performance - The group's revenue for the six months ended September 30, 2020, was approximately HKD 79.0 million, a decrease of about 24.3% compared to approximately HKD 104.4 million for the same period in 2019[14]. - Gross profit decreased from approximately HKD 35.5 million for the six months ended September 30, 2019, to approximately HKD 29.0 million, a reduction of about 18.3%[17]. - The net profit attributable to the company's owners for the period was approximately HKD 13.7 million, a decrease of about 11.6% compared to approximately HKD 15.5 million for the same period in 2019[24]. - Revenue for the six months ended September 30, 2020, was HKD 79,003,000, a decrease of 24.5% compared to HKD 104,431,000 in 2019[74]. - Gross profit for the same period was HKD 29,021,000, down 18.2% from HKD 35,481,000 in 2019[74]. - Profit before tax decreased to HKD 16,546,000, a decline of 13.4% from HKD 19,124,000 in the previous year[74]. - Net profit attributable to owners of the company was HKD 13,671,000, down 12.0% from HKD 15,543,000 in 2019[74]. - Basic and diluted earnings per share were HKD 3.42, compared to HKD 3.89 in the previous year, reflecting a decrease of 12.1%[74]. - The group incurred a total of HKD 49,982,000 in cost of goods sold for the six months ended September 30, 2020, compared to HKD 68,950,000 in 2019, reflecting a reduction of 27.5%[103]. Expenses and Costs - Sales and distribution expenses were approximately HKD 10.4 million, a decrease of about 10.3% compared to HKD 11.6 million for the same period in 2019[19]. - Administrative expenses decreased by approximately 12.1% to about HKD 5.1 million, mainly due to reduced employee costs[20]. - The total employee compensation for the period was approximately HKD 6.4 million, a decrease from HKD 7.0 million in the previous year[35]. - The group’s employee benefit expenses, including directors' remuneration, amounted to HKD 6,373,000 for the six months ended September 30, 2020, down from HKD 7,029,000 in 2019, a decrease of 9.3%[103]. Assets and Liabilities - As of September 30, 2020, the group's net current assets amounted to approximately HKD 141.2 million, an increase from HKD 129.1 million as of March 31, 2020[28]. - The current ratio improved from approximately 3.7 times as of March 31, 2020, to approximately 6.7 times as of September 30, 2020[28]. - The group's bank and other borrowings were approximately HKD 12.0 million as of September 30, 2020, compared to zero as of March 31, 2020[29]. - The total assets as of September 30, 2020, were HKD 165,717,000, a decrease from HKD 177,665,000 as of March 31, 2020[77]. - The company reported a total equity of HKD 149,212,000 as of September 30, 2020, an increase from HKD 135,541,000 as of March 31, 2020[77]. - The group’s total liabilities as of September 30, 2020, included accrued expenses of HKD 3,420,000, unchanged from March 31, 2020[119]. Cash Flow - Cash and cash equivalents at the end of the period were HKD 61,078,000, down from HKD 102,003,000 at the beginning of the period[84]. - Net cash used in operating activities was HKD (9,504,000), an improvement from HKD (36,529,000) in the same period last year[84]. Corporate Actions and Governance - The company did not recommend the payment of an interim dividend for the period[60]. - There were no share buybacks, sales, or redemptions of listed securities during the reporting period[59]. - The company maintained a sufficient public float of at least 25% of its issued shares as of the report date[64]. - The audit committee reviewed the financial statements for the six months ended September 30, 2020, which were not audited by external auditors but were discussed with management[69]. - The company has adopted the corporate governance code as a benchmark for its governance practices and has complied with its provisions during the reporting period[61]. - The company has not granted any share options under the share option scheme since its adoption date[58]. - There were no major contracts in which directors had a significant interest during the reporting period[54]. - The group did not declare any dividends for the six months ended September 30, 2020, consistent with the same period in 2019[109]. Future Plans and Developments - The company plans to expand its sales network and increase marketing activities to enhance market share among Indonesian and Philippine users[13]. - The company has opened a new self-operated retail store in Mong Kok, bringing the total to six stores[12]. Related Party Transactions - The company incurred rental expenses of HKD 468,000 paid to related parties for the six months ended September 30, 2020, consistent with the previous year[130]. - The company received consignment income of HKD 402,000 from a related party for the six months ended September 30, 2020, unchanged from the previous year[130]. - The company continues to engage in significant related party transactions, indicating ongoing business relationships[130]. Share Capital - The total issued share capital was HKD 4,000,000 with 400,000,000 shares as of September 30, 2020[31]. - As of September 30, 2020, the total number of issued shares of the company was 400,000,000, with Ms. Li Zhenyu holding 283,872,000 shares, representing 71% ownership[52]. - The company has issued 400,000,000 shares with a par value of HKD 0.01 per share, maintaining the same number of shares since March 31, 2020[126]. Miscellaneous - The group had capital commitments of approximately HKD 300,000 as of September 30, 2020, unchanged from March 31, 2020[38]. - There were no significant acquisitions, disposals, or investments during the period[37]. - The group has no significant contingent liabilities as of September 30, 2020[43]. - No significant events occurred after the reporting period that would materially affect the company's operations and financial performance[68]. - The company has adopted new and revised Hong Kong Financial Reporting Standards, which did not have a significant impact on the financial statements[93]. - The company's financial statements are unaudited as of September 30, 2020[123].

Financial Performance - For the fiscal year ended March 31, 2020, the company recorded a revenue increase of approximately 2.6% to about HKD 200.0 million, compared to approximately HKD 195.0 million in the previous year[10]. - The profit for the same period increased by approximately 67.3% to about HKD 26.6 million, up from approximately HKD 15.9 million in the previous year[10]. - The gross profit for the fiscal year was approximately HKD 66.8 million, with a gross profit margin decreasing from about 34.3% in the previous year to approximately 33.4%[18]. - Other income for the year ended March 31, 2020, was approximately HKD 1.9 million, a decrease of about 36.7% compared to approximately HKD 3.0 million for the year ended March 31, 2019[19]. - Sales and distribution expenses for the year ended March 31, 2020, were approximately HKD 23.5 million, a decrease of about 5.6% from approximately HKD 24.9 million in the previous year[22]. - Administrative expenses for the year ended March 31, 2020, were approximately HKD 13.2 million, a decrease of about 43.8% compared to approximately HKD 23.5 million in the previous year[24]. - Profit for the year ended March 31, 2020, was approximately HKD 26.6 million, an increase of about 67.3% from approximately HKD 15.9 million in the previous year[27]. Revenue Drivers and Market Strategy - The increase in revenue was primarily driven by sales to wholesalers and retailers within the sales network, which rose by approximately HKD 26.5 million, offset by a decrease in sales from self-operated retail stores by about HKD 21.5 million[17]. - The company plans to expand its business and increase market share in the prepaid products sector targeting Indonesian and Philippine consumers[11]. - The company intends to increase the number of retailers in its sales network and enhance advertising and marketing activities[11]. - A new self-operated retail store was leased in Mong Kok in May 2020, bringing the total number of self-operated stores to six[10]. Inventory and Assets - Inventory as of March 31, 2020, was approximately HKD 68.9 million, an increase of about 12.6 million from approximately HKD 56.3 million as of March 31, 2019[29]. - Current assets net value as of March 31, 2020, was approximately HKD 129.1 million, a decrease from HKD 146.2 million as of March 31, 2019[30]. - The company had no bank and other borrowings as of March 31, 2020, consistent with the previous year[31]. - The equity-to-debt ratio was zero as of March 31, 2020, as there were no outstanding interest-bearing bank borrowings[32]. Employee Compensation and Expenses - Total employee compensation for the year ended March 31, 2020, was approximately HKD 14.2 million, an increase from approximately HKD 11.2 million in the previous year[38]. Future Plans and Investments - The company plans to open five retail stores, with an allocated budget of HKD 27.0 million, which remains fully unutilized[41]. - A total of HKD 1.1 million has been spent on hiring additional sales personnel out of a planned HKD 1.6 million[41]. - Marketing and promotional activities have utilized HKD 1.8 million of the allocated HKD 9.8 million[41]. - The implementation of an enterprise resource planning system has seen only HKD 0.2 million spent from the planned HKD 1.9 million[41]. - The remaining unutilized proceeds are expected to be utilized in the next two financial years due to delays caused by social unrest and the COVID-19 pandemic[41]. - Future plans include exploring new business opportunities to enhance shareholder value[44]. Governance and Board Structure - The board of directors includes experienced professionals with backgrounds in finance, ensuring strong governance and oversight[58]. - The company has adopted the principles and code provisions of the Corporate Governance Code as the basis for its corporate governance practices[72]. - The board has confirmed compliance with all applicable code provisions throughout the year ending March 31, 2020[73]. - The board consists of a mix of executive, non-executive, and independent non-executive directors, ensuring a balanced governance structure[78]. - The company has established a written guideline for employees regarding securities trading, ensuring compliance with the standard code[74]. - The board is collectively responsible for the company's affairs and has a duty to provide guidance and oversight of the company's operations and financial performance[85]. Risk Management and Internal Controls - The company has a robust internal control and risk management system in place[85]. - The board is responsible for evaluating the effectiveness of the risk management and internal control systems, which are deemed effective and adequate for the fiscal year ending March 31, 2020[129]. - The company has implemented various policies and procedures to ensure effective risk management and compliance with applicable laws and regulations[128]. - The company has engaged an independent professional advisor to conduct regular reviews of the risk management and internal control systems[128]. Customer and Supplier Concentration - The company has a concentrated customer base, and any loss of business from major customers could significantly impact its operations and financial condition[160]. - The company also has a concentrated supplier base, with potential losses from major suppliers posing similar risks[161]. - The largest customer accounted for approximately 16.7% of total sales for the fiscal year ending March 31, 2020, compared to 19.0% in the previous year[184]. - The top five customers represented about 37.6% of total sales for the fiscal year ending March 31, 2020, up from 32.5% in the previous year[184]. - The single largest supplier accounted for approximately 69.9% of total purchases for the fiscal year ending March 31, 2020, down from 76.4% in the previous year[184]. Dividends and Shareholder Communication - The board declared a special dividend of HKD 0.1 per ordinary share on March 26, 2020, which was paid on April 27, 2020[163]. - The board did not recommend a final dividend for the fiscal year ending March 31, 2020[164]. - The company has no preset dividend payout ratio, and dividends are subject to the board's discretion based on financial conditions[152]. - The company has established a shareholder communication policy to ensure that shareholder concerns are addressed effectively[151].

HK Asia Holdings Limited 港亞控股有限公司 (於関曼群島註冊成立的有限公司) 股份代號: 1723 目錄 1 港亞控股有限公司 中期報告 2019 目錄 公司資料 2 管理層討論及分析 3 企業管治及其他資料 9 未經審核簡明綜合損益及其他全面收益表 13 未經審核簡明綜合財務狀況表 14 未經審核簡明綜合權益變動表 15 未經審核簡明綜合現金流量表 16 未經審核簡明綜合中期財務報表附註 17 公司資料 港亞控股有限公司 中期報告 2019 公司資料 | --- | --- | |---------------------------------------------|----------------------------------------------------------------------| | | | | 董事會 | 合規顧問 | | 執行董事 | 創僑國際有限公司 | | 蕭木龍先生 （主席） 鍾志輝先生 | （直至二零一九年十月三十一日） 脈搏資本有限公司 | | 非執行董事 | （自二零一九年十一月一日起生效） | | 馬肇文先生 林健倫先生 | 註冊辦事 ...

HK Asia Holdings Limited 港亞控股有限公司 (於開曼群島註冊成立的有限公司) 股份代號: 1723 目錄 1 港亞控股有限公司 年度報告 2019 公司資料 2 主席報告 3 管理層討論及分析 4 董事及高級管理層履歷詳情 9 企業管治報告 14 董事會報告 26 獨立核數師報告 40 綜合損益及其他全面收益表 45 綜合財務狀況表 46 綜合權益變動表 47 綜合現金流量表 48 綜合財務報表附註 49 財務概要 112 目錄 公司資料 港亞控股有限公司 年度報告 2019 公司資料 董事會 本公司有關香港法例的法律顧問 | --- | --- | |-----------------------|----------------------------------------| | | | | | | | 執行董事 | 薛馮鄺岑律師行 | | 蕭木龍先生 （主席） | 合規顧問 | | 鍾志輝先生 | 創僑國際有限公司 | | 非執行董事 | 註冊辦事處 | | 馬肇文先生 | Cricket Square | | 林健倫先生 | Hutchins Drive | | 獨立非執行董 ...