Core Viewpoint - The company reported a significant increase in its mid-term performance for the six months ending June 30, 2025, showcasing strong growth across key financial metrics [1] Financial Performance - The group's revenue reached 244 million USD, representing a year-on-year growth of 49.3% [1] - Gross profit amounted to 73.26 million USD, with a year-on-year increase of 46.0% [1] - Net profit was recorded at 14.075 million USD, reflecting a year-on-year growth of 26.7% [1]

Group 1 - The core viewpoint of the article is that Zheli Holdings (02209.HK) reported significant growth in revenue and profit for the mid-term of 2025, indicating strong business performance [1] - The company's revenue reached $244 million, representing a year-on-year increase of 49.3% [1] - The net profit for the period was $14.075 million, showing a year-on-year growth of 26.7% [1]

Core Viewpoint - The company reported significant growth in its interim results for the six months ending June 30, 2025, indicating strong performance across key financial metrics [1] Financial Performance - The group's revenue reached $244 million, representing a year-on-year increase of 49.3% [1] - Gross profit amounted to $73.26 million, reflecting a year-on-year growth of 46.0% [1] - Net profit was reported at $14.075 million, showing a year-on-year increase of 26.7% [1]

Financial Performance - YesAsia Holdings Limited reported its interim results for the six months ending June 30, 2025, in compliance with the Hong Kong Stock Exchange listing rules[2]. - Revenue for the six months ended June 30, 2025, reached $243.932 million, a 49.3% increase compared to $163.348 million in the same period of 2024[12]. - Gross profit for the same period was $73.262 million, reflecting a 46.0% increase from $50.192 million year-over-year[12]. - Operating profit increased by 31.9% to $18.679 million, up from $14.164 million in the previous year[12]. - Net profit increased by over 25% to approximately $14.08 million, up from about $11.11 million in the prior period[35]. - The company reported a total comprehensive income of $15,010 thousand for the six months ended June 30, 2025, compared to $10,922 thousand in the same period of 2024[133]. - Basic earnings per share rose to 3.43 cents, up 22.5% from 2.80 cents in the same period last year[131]. - The company reported a net profit of $14,123,000 for the six months ended June 30, 2025, compared to $11,110,000 in the prior year, reflecting a 27.0% increase[158]. Customer Growth and Market Presence - The number of customers on the YesStyle platform grew to 1,728,000, a 33.7% increase from 1,292,000 in the prior year[14]. - Revenue from beauty products surged by 57.6% to $235.342 million, compared to $149.361 million in the previous year[14]. - YesStyle's revenue surged approximately 31.7% to about $164.86 million, driven by double-digit growth in non-core markets, with core market sales remaining stable and recording a 20.0% increase[35]. - The company operates multiple online platforms, including www.yesstyle.com and www.yesasia.com, to enhance its market presence[6]. - The core markets identified by the company include the United States, the United Kingdom, Australia, and Canada, indicating a strategic focus on these regions[8]. Operational Strategy and Compliance - YesAsia Holdings Limited emphasizes the importance of compliance with sanctions and regulations in its operational strategy[8]. - The company has a dedicated audit committee to oversee financial reporting and compliance, enhancing transparency[5]. - The interim results announcement reflects the company's commitment to timely and accurate financial disclosures to its stakeholders[2]. - The group has implemented appropriate internal controls and risk management measures related to sanctions, with no transactions in fully sanctioned countries during the reporting period[124]. Investment and Capital Expenditures - The company opened a second Autonomous Mobile Robot (AMR) warehouse in Hong Kong, covering approximately 147,000 square feet, to support its e-commerce logistics network[43]. - The total investment for the new AMR warehouse was approximately $10.91 million, including capital expenditures of about $8.39 million and pre-operational expenses of about $2.52 million[43]. - Capital expenditures amounted to approximately $8,605,000, an increase of about $8,437,000 or 5,022.0%, primarily for new equipment and technology at the warehouse[75]. Stock Options and Employee Incentives - The company has a total of 39,704,030 shares held by CyberWorks Ventures Limited, which is also 9.63% of the company's issued share capital[93]. - The 2016 Share Option Scheme allows for options to be granted to employees, with a maximum exercise period of 10 years from the grant date[94]. - The total number of stock options granted but not exercised as of June 30, 2025, was 686,258, with 178,382 options exercised during the six months ending on that date[96]. - The company plans to continue utilizing stock options as a tool for talent retention and motivation[107]. - The total expense for the share-based payment plan for the six months ended June 30, 2025, was $1,966,000, compared to $106,000 in the previous period[182]. Financial Position and Liquidity - As of June 30, 2025, the group's bank and cash balance, along with unused bank financing, amounted to approximately $28.49 million, a decrease of about $11.33 million from $39.82 million as of December 31, 2024[76]. - The group's debt-to-equity ratio increased from approximately 43.0% as of December 31, 2024, to about 59.9% as of June 30, 2025, mainly due to increased bank borrowings and lease liabilities related to the establishment of the new warehouse[81]. - The group plans to meet future liquidity needs through a combination of operating cash flow and available bank financing[79]. - The unutilized bank financing as of June 30, 2025, was $13,244,000, down from $24,288,000 as of December 31, 2024[172]. Market Trends and Future Outlook - The company is positioned to leverage its online presence for growth in the beauty and lifestyle sectors, aligning with market trends[8]. - The rise of K-beauty is closely tied to the global K-Pop cultural wave, with social media marketing playing a crucial role in promoting K-beauty stories[54]. - The company is optimistic about the future prospects of YesStyle and ABW as they continue to advance their global retail and wholesale expansion[47]. Employee and Management Information - The company has a total of 577 employees as of June 30, 2025, an increase from 520 employees as of December 31, 2024[123]. - The salary and allowances for key management personnel for the six months ended June 30, 2025, amounted to $989,000, an increase from $755,000 in the previous year[184]. - The equity-settled share-based payment for key management personnel increased significantly to $1,772,000 from $13,000 in the previous period[184].

Core Viewpoint - ZeLi Holdings (02209) has issued a positive profit forecast, expecting a net profit of approximately $14.075 million in the first half of 2025, representing a year-on-year increase of 26.7% due to increased revenue and gross profit [1] Financial Performance - The unaudited consolidated revenue for the reporting period is expected to be around $244 million, an increase of approximately 49.3% compared to the previous period, driven by sales growth in beauty products from YesStyle and AsianBeautyWholesale [1] - The growth in sales is attributed to enhanced marketing efforts by YesStyle to promote beauty products and the expansion of AsianBeautyWholesale to serve more B2B customers through both online and offline channels [1] Strategic Initiatives - To support the rapid growth of the B2B segment, the company has established an ABW office in South Korea with a sales team of over 15 people and set up a B2B warehouse covering approximately 147,000 square feet [1] - The company has also strengthened its marketing teams in Hong Kong and Berlin to enhance B2C marketing efforts and expanded its B2B sales team in Hong Kong to grow its talent pool [1]

Core Viewpoint - ZeLi Holdings (02209) has issued a positive earnings forecast, expecting a net profit of approximately $14.075 million in the first half of 2025, representing a year-on-year increase of 26.7% due to increased revenue and gross profit [1] Financial Performance - The unaudited consolidated revenue for the reporting period is expected to be around $244 million, an increase of approximately 49.3% compared to the previous period, driven by sales growth in beauty products from YesStyle and AsianBeautyWholesale [1] - The growth in sales is attributed to enhanced marketing efforts by YesStyle and the expansion of AsianBeautyWholesale, which serves more B2B customers through both online and offline channels [1] Strategic Initiatives - To support the rapid growth of the B2B segment, the company has established an ABW office in South Korea with a sales team of over 15 people and set up a B2B warehouse covering approximately 147,000 square feet [1] - The company has also strengthened its marketing teams in Hong Kong and Berlin to enhance B2C marketing efforts and expanded its B2B sales team in Hong Kong to grow its talent pool [1]

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 | | --- | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | | 公司名稱: | 喆麗控股有限公司 （於香港註冊成立之有限公司） | | | | 呈交日期: | 2025年8月4日 | | | | I. 法定/註冊股本變動 | 不適用 | | | | 備註： | | | | | | 根據香港《公司條例》(第 622 章)（自二零一四年三月三日起生效），於香港註冊成立的公司不再擁有法定股本，且已發行股份不再有面值概念。 | | | 第 1 頁 共 10 頁 v 1.1.1 FF301 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02209 | 說明 | 喆麗控股有限公司 | | | ...

Group 1 - The company expects to achieve a consolidated net profit of approximately $14.075 million in the first half of 2025, representing a year-on-year increase of 26.7%, primarily due to increased revenue and gross profit during the reporting period [1] - The unaudited consolidated revenue for the reporting period is anticipated to be around $244 million, an increase of approximately 49.3% compared to the previous period, driven by sales growth in beauty products from YesStyle and AsianBeautyWholesale [1] - The unaudited consolidated gross profit is expected to be about $73.262 million, up approximately 46.0% from the previous period, with a stable gross margin of around 30.0%, slightly down from 30.7% in the prior period [1] Group 2 - To support the rapid growth of the B2B segment, the company has established an ABW office in South Korea with a sales team of over 15 people and set up a B2B warehouse covering approximately 147,000 square feet [2] - The company has strengthened its marketing teams in Hong Kong and Berlin to enhance B2C marketing efforts and expanded its B2B sales team in Hong Kong [2] - The net profit margin for the reporting period is 5.8%, down from 6.8% in the previous period, but still exceeding the net profit margin of approximately 4.4% for the second half of 2024 and about 5.5% for the entire year of 2024 [2]

Financial Performance - The company reported a revenue increase of 15% year-over-year, reaching $150 million for the last fiscal year[2]. - Revenue for the fiscal year ending December 31, 2024, reached $345,782,000, a 71.7% increase from $201,339,000 in 2023[15]. - Net profit for the same period was $19,042,000, representing a 151.5% increase compared to $7,572,000 in 2023[15]. - Revenue increased by approximately 71.7% to about $345,782,000 in 2024, compared to $201,339,000 in 2023[50]. - Net profit soared 1.5 times to approximately $19,042,000, with a net profit margin of 5.5% in 2024, up from 3.8% in 2023[50]. - Revenue from beauty products surged to $318,742,000 in 2024, compared to $162,230,000 in 2023[17]. - Revenue from the U.S. market increased to $116,465,000 in 2024, a 33.0% growth from $87,564,000 in 2023[21]. - Retail revenue from YesStyle and other platforms grew by 67.4% to approximately $265,635,000, while wholesale revenue surged by 100.2% to about $77,670,000[50]. User Engagement and Growth - User data showed a growth of 20% in active users, totaling 1.2 million by the end of the reporting period[2]. - The number of customers on the YesStyle platform grew to 2,258,000 in 2024, up from 1,423,000 in 2023[17]. - YesStyle platform registered approximately 17,400,000 members by December 31, 2024, an increase from 13,335,000 in 2023, with monthly average visits rising to about 15,667,000[54]. - The number of key opinion leaders for YesStyle increased to approximately 403,000 in 2024, up from 333,000 in 2023, enhancing audience engagement[58]. Market Expansion and Strategy - The company provided a forward guidance of 10% revenue growth for the next quarter, projecting revenues of approximately $165 million[2]. - Market expansion efforts have led to a 30% increase in sales in non-core markets, totaling $30 million[2]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% market share by 2025[3]. - The flagship e-commerce platform YesStyle saw a revenue increase of approximately 91.3% in the EU region in 2024, supported by five European languages and effective influencer marketing[35]. - In Latin America, the company recorded outstanding revenue growth of approximately 536.1% in 2024, aided by Spanish language support on the YesStyle platform[36]. Product Development and Innovation - New product launches contributed to a 25% increase in sales in the beauty segment, with total sales reaching $50 million[2]. - The company is investing $5 million in R&D for autonomous logistics technology, aiming to enhance operational efficiency[2]. - New product launches are expected to contribute an additional $50 million in revenue, with a focus on innovative technology solutions[4]. Corporate Governance and Management - The management team emphasized the importance of maintaining strong corporate governance practices, adhering to the updated guidelines[6]. - The company has implemented several internal controls to safeguard assets and ensure compliance with applicable laws and regulations[7]. - The board of directors is committed to enhancing shareholder value through strategic planning and performance monitoring[8]. - The company has established an audit committee, a remuneration committee, and a nomination committee to oversee specific matters[143]. Financial Health and Investments - Total assets increased to $120,569,000 in 2024 from $74,485,000 in 2023, marking a significant growth[14]. - The company's cash and cash equivalents decreased by approximately $9,640,000 during the reporting year, resulting in a balance of about $15,448,000 as of December 31, 2024[91]. - The company's debt-to-equity ratio increased from approximately 34.8% as of December 31, 2023, to about 43.0% as of December 31, 2024, mainly due to increased lease liabilities for the new warehouse[97]. - The company has no outstanding bank borrowings as of December 31, 2024, and has unused bank financing of approximately $24,288,000[94]. Employee and Operational Metrics - The total employee team includes 155 males (29.8%) and 365 females (70.2%) as of December 31, 2024[148]. - The group has 520 employees as of December 31, 2024, an increase from 454 employees in 2023[104]. - Employee costs increased by approximately $5,775,000 or 34.5% due to an increase in headcount from 357 to 416[83]. Marketing and Customer Engagement - A new marketing strategy is projected to improve customer engagement by 15% over the next year[2]. - Influencer referrals generated revenue increased to approximately $73,287,000 in 2024, up from $40,422,000 in 2023, accounting for about 27.6% of YesStyle's platform revenue[59]. - The company successfully executed three major promotional events in 2024, achieving sales increases ranging from over 300% to over 2,000%[54]. Risk Management and Compliance - The group has implemented appropriate internal controls and risk management measures regarding sanctions, with no transactions with sanctioned countries or individuals during the reporting year[107]. - The company has a standard code of conduct for directors regarding securities trading, ensuring compliance with established guidelines[177]. - The board completed a review of the risk management and internal control system during the reporting year and deemed it efficient and adequate[173].

Financial Performance - YesAsia Holdings Limited reported its annual results for the year ending December 31, 2024, in compliance with the Hong Kong Stock Exchange listing rules[2]. - The company's revenue for the year ended December 31, 2024, was $345,782,000, representing a 71.7% increase compared to $201,339,000 in 2023[17]. - The net profit for the same period was $19,042,000, a significant increase of 151.5% from $7,572,000 in 2023[17]. - The total assets as of December 31, 2024, reached $120,569,000, up from $74,485,000 in 2023[16]. - The company reported a gross profit of $105,386,000 for 2024, which is a 68.1% increase from $62,698,000 in 2023[17]. - The net profit margin improved to 5.5% in 2024, up from 3.8% in 2023, reflecting a 1.7 percentage point increase[17]. - Revenue from non-core markets increased by approximately 117.0% in 2024, with non-core market revenue accounting for about 50.2% of total revenue, up from approximately 39.7% in 2023[37]. - The YesStyle platform's revenue in the EU region increased by approximately 91.3% in 2024, aided by the introduction of five European languages[37]. - In Latin America, the company recorded outstanding revenue growth of approximately 536.1% in 2024, supported by Spanish language services on the YesStyle platform[38]. - The YesStyle mobile app generated revenue of $129,732,000 in 2024, up from $70,018,000 in 2023[20]. Corporate Governance - The board of directors includes executive directors and independent non-executive directors, ensuring a diverse governance structure[5]. - The company is committed to transparency and compliance with corporate governance standards as outlined in the listing rules[10]. - The upcoming annual general meeting will provide shareholders with an opportunity to engage with the board and discuss future strategies[7]. - The company has established three committees: Audit Committee, Remuneration Committee, and Nomination Committee, to ensure effective governance[154]. - The independent non-executive directors confirm their independence, and the company believes all independent non-executive directors are independent[140]. - The company has implemented mechanisms to ensure independent opinions and advice are provided to the board[144]. - The company complies with the corporate governance code, except for a deviation regarding the internal audit function[132]. - The board has established an executive committee to manage daily operations and administrative matters[135]. Strategic Initiatives - The company has established a non-compete agreement with its controlling shareholders, ensuring strategic alignment and protection of business interests[11]. - The company plans to propose a final dividend of 7.5 HKD cents per share, a 50% increase from 5.0 HKD cents in 2023[17]. - The company plans to diversify revenue sources, reducing reliance on the U.S. market from approximately 43.5% in 2023 to about 33.7% in 2024[46]. - The company aims to enhance supply chain flexibility and logistics capabilities to mitigate geopolitical and trade tensions[69]. - The company is actively expanding its global wholesale market to enhance the presence of Asian brands in offline retail, recognizing that the offline market is several times larger than online[66]. - The company plans to establish a studio in South Korea in 2025 to engage overseas influencers for content creation[70]. - The management has set ambitious performance targets for the next quarter, aiming for a revenue increase of 15% year-over-year[129]. Market Presence - The core markets identified by the company include the United States, the United Kingdom, Australia, and Canada, highlighting its international focus[8]. - The company operates multiple shopping websites, including YesStyle and AsianBeautyWholesale, indicating a broad online presence[6]. - The number of customers on the YesStyle platform increased to 2,258,000 in 2024, compared to 1,423,000 in 2023, marking a growth of 58.5%[19]. - The average monthly visits to YesStyle increased to approximately 15,667,000 in 2024, compared to 10,935,000 in 2023[56]. - YesStyle successfully launched three major promotional events in 2024, with sales increases ranging from over 300% to over 2,000%[56]. Leadership and Management - The company has a strong leadership team with diverse backgrounds in finance, technology, and operations, enhancing its strategic decision-making capabilities[115][117]. - The company has expanded its leadership team with experienced professionals in various sectors, enhancing its strategic capabilities[127]. - The company aims to leverage its new leadership to drive market expansion and product innovation in the upcoming fiscal year[129]. - The company appointed a new CEO for ABW, effective January 2025, to enhance B2B marketing strategies and logistics operations[67]. - The company has appointed Mr. Woon as Vice President of Information Technology, who has extensive experience in various IT roles since joining in June 2000[121]. Financial Management - The company has no outstanding bank borrowings as of December 31, 2024, with unused bank financing of $24,288,000[96]. - The company anticipates meeting its liquidity needs for the coming year through operating cash flow and available bank financing[97]. - The company reported a financing cost of $1,300,000, up 6.7% from $1,218,000 in the previous year[89]. - The company has implemented appropriate internal controls and risk management measures to avoid transactions with sanctioned countries or individuals, with no such transactions reported during the year[109]. - The company has a risk management strategy that includes risk retention, transfer, avoidance, and diversification[173][174]. Employee and Operational Insights - Employee costs rose by 34.5% to $22,530,000, representing 6.5% of revenue, due to an increase in headcount from 357 to 416[86]. - The company had 520 employees as of December 31, 2024, up from 454 employees in 2023, indicating a focus on attracting and retaining qualified personnel[106]. - The existing AMR warehouse has saved approximately $6,593,000 in labor costs in 2024, up from $3,374,000 in 2023, and has achieved a significant increase in transportation volume, managing 10,000 shipments daily, representing a 1.5 times growth compared to before its establishment[59]. Shareholder Engagement - The company has implemented a shareholder communication policy to ensure timely and comprehensive information dissemination to shareholders and potential investors[181]. - The board proposed a final dividend of HKD 0.075 per share for the year ending December 31, 2024, compared to HKD 0.050 in 2023, totaling approximately USD 3,965,000 based on 409,712,466 shares[190]. - The retained earnings available for distribution as of December 31, 2024, are approximately USD 74,000, a decrease from USD 3,297,000 in 2023[195].