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朗华国际集团(08026) - 2019 - 年度财报
2019-06-27 08:53
Financial Performance - The financial year ended March 31, 2019, marked the completion of the annual report for China Brilliant Global Limited and its subsidiaries[12]. - The company reported a significant increase in revenue, with a year-on-year growth of 15%[11]. - The Group's revenue for the year ended 31 March 2019 amounted to approximately HK$84,047,000, representing an increase of approximately 30% from approximately HK$64,739,000 for the year ended 31 March 2018[26]. - The loss before tax for the year was HK$53,994,000, compared to a loss of HK$18,180,000 in the previous year[152]. - The profit attributable to equity holders of the Company for the year was a loss of HK$54,006,000, a significant decline from a profit of HK$23,318,000 in 2018[152]. - Revenue from the Jewelry Business increased by approximately HK$14,953,000 from approximately HK$34,685,000 for the year ended 31 March 2018 to approximately HK$49,638,000 for the year ended 31 March 2019, primarily due to increased trading of gold jewelry products in the PRC[109]. - Revenue from the Pharmaceutical Business increased by approximately HK$6,683,000 from approximately HK$26,635,000 for the year ended 31 March 2018 to approximately HK$33,318,000 for the year ended 31 March 2019, mainly due to increased sales of pharmaceutical products to hospitals[120]. Operational Highlights - User data showed an increase in active users by 20%, reaching a total of 1.2 million users[11]. - New product development initiatives are underway, focusing on enhancing user experience and expanding product offerings[11]. - The company aims to improve operational efficiency by implementing new technologies, expecting a cost reduction of 5%[11]. - The Group continued to diversify its revenue base into jewellery trading and retailing, lending business, and pharmaceutical and healthcare products[26]. - The Group aims to balance business development and financial liquidity to enhance business capacity and performance[20]. - The Group's total staff costs increased to approximately HK$28.5 million for the year ended March 31, 2019, up from HK$9.3 million in 2018, primarily due to the grant of share options[100]. Market Strategy - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 15%[11]. - The company is exploring market expansion opportunities in Southeast Asia, targeting a 25% increase in market share[11]. - Strategic acquisitions are being considered to bolster the company's competitive position in the market[11]. - The Group plans to allocate more resources to develop its Jewelry Business, particularly in gold jewelry trading, while also controlling selling and administrative expenses to enhance profitability[111]. - The Group aims to strengthen its marketing and channel efforts to increase user base and improve product quality in the future[123]. Financial Position - Total equity increased by approximately HK$34,705,000 to approximately HK$122,555,000 as at 31 March 2019, compared to HK$87,850,000 as at 31 March 2018[32]. - The Group's total cash and cash equivalents amounted to approximately HK$59,573,000 as at 31 March 2019, an increase from HK$10,341,000 as at 31 March 2018, mainly due to the placing of new shares[32]. - The current ratio as of March 31, 2019, was 5.11, compared to 3.03 as of March 31, 2018, indicating improved liquidity[47]. - The Group was in a net cash position as of March 31, 2019, with no significant changes in capital structure during the year[47]. - The Group's total assets and liabilities details are available in the consolidated financial statements, reflecting the financial position as of March 31, 2019[145]. Governance and Leadership - A commitment to corporate governance and sustainability practices was reiterated, aligning with industry standards[11]. - The Board of Directors includes a mix of executive and independent non-executive members, ensuring governance and oversight[186]. - The Company has established service contracts for its directors, with terms ranging from one to three years, subject to re-election at the annual general meeting[193][194][198]. - All independent non-executive directors have confirmed their independence in accordance with GEM Listing Rules[187]. - The company has a strong leadership team with diverse expertise in finance, management, and brand development, enhancing its strategic positioning in the market[126][127][130][131][135][136]. Community and Sustainability - The Company emphasizes the importance of hard-working and dedicated employees as the backbone of its operations[181]. - The Group is committed to contributing to the local community and encourages employees to engage with charities and institutions for sustainable local development[182]. - The Company adheres to non-discriminatory hiring practices and strives to provide a safe and healthy workplace for its employees[181]. - The Group is focused on environmental sustainability and implements measures to reduce waste and conserve resources[178]. - The Group's environmental, social, and governance measures are detailed in the "Environmental, Social and Governance Report" within the annual report[179].
朗华国际集团(08026) - 2019 Q3 - 季度财报
2019-02-13 08:31
Financial Performance - The Group's revenue for the nine months ended December 31, 2018, was approximately HK$63,727,000, representing an increase of approximately 100.3% compared to the same period of the previous financial year[5]. - The Group's gross profit for the nine months ended December 31, 2018, was approximately HK$4,866,000, a decrease of approximately HK$1,012,000 compared to the same period of the last financial year[5]. - Loss attributable to owners of the Company for the nine months ended December 31, 2018, amounted to approximately HK$13,855,000, compared to a profit of HK$29,852,000 for the same period in 2017[5]. - The Group's loss before tax for the nine months ended December 31, 2018, was HK$13,855,000, compared to a loss of HK$11,924,000 for the same period in 2017[10]. - The company reported a net loss of HK$13,855,000 for the period, compared to a profit of HK$29,852,000 in the previous year[26]. - Total comprehensive expenses for the period amounted to HK$15,837,000, a significant decrease from HK$17,809,000 in the prior year[27]. - The Group's loss for the period from continuing operations for the nine months ended December 31, 2018, was HK$13,855,000, compared to HK$11,929,000 for the same period in 2017[10]. - The basic loss per share from continuing operations for the nine months and three months ended December 31, 2018 was approximately HK$0.0097 and HK$0.0032 respectively, compared to a profit of HK$0.0247 and a loss of HK$0.0033 in the same periods of 2017[128]. Revenue Breakdown - For the nine months ended December 31, 2018, the total revenue was HK$63,727,000, with external sales from the jewellery business at HK$38,555,000, lending business at HK$947,000, and pharmaceutical business at HK$24,225,000[91]. - The revenue from the Jewellery Business increased by approximately HK$19,358,000, from approximately HK$19,197,000 for the nine months ended December 30, 2017, to approximately HK$38,555,000 for the nine months ended December 31, 2018[154]. - The Group's pharmaceutical business revenue rose by approximately HK$14,232,000 from approximately HK$9,993,000 for the nine months ended December 31, 2017, to approximately HK$24,225,000 for the nine months ended December 31, 2018, marking an increase of about 142%[161]. - The revenue from the jewelry business increased from approximately HK$19,197,000 for the nine months ended December 31, 2017, to approximately HK$38,555,000 for the nine months ended December 31, 2018, representing a growth of about 100%[155]. Expenses and Costs - Selling expenses for the nine months ended December 31, 2018, were HK$1,999,000, down from HK$2,744,000 in the previous year[10]. - Administrative expenses for the nine months ended December 31, 2018, were HK$17,179,000, compared to HK$16,171,000 for the same period in 2017[10]. - The cost of sales for the nine months and three months ended December 31, 2018 was approximately HK$58,861,000 and HK$18,043,000 respectively, compared to HK$25,942,000 and HK$6,085,000 in the same periods of 2017[130]. Dividends and Equity - The Board does not recommend the payment of any dividend for the nine months ended December 31, 2018[5]. - As of December 31, 2018, total equity attributable to equity holders of the company was HK$145,096,000[73]. - Total equity as of 31 December 2018 amounted to approximately HK$135,726,000, an increase from HK$87,850,000 as of 31 March 2018[132]. Shareholder Information - Mr. Zhang Chunhua holds 822,319,294 shares, representing 56.67% of the company's issued share capital[166]. - The total number of shares in issue as of December 31, 2018, is 1,450,963,725[169]. - The company granted 18,100,000 shares during the period ending December 31, 2018[187]. Corporate Governance - The company has complied with all provisions of the Corporate Governance Code throughout the review period, except for the appointment of a Chief Executive Officer until May 18, 2018[197]. - The roles of the Chairman and Chief Executive Officer have been separated since May 18, 2018, complying with the Corporate Governance Code[197]. - The Audit Committee, established on March 7, 2000, has reviewed the financial reporting system and internal control procedures of the group[199]. Business Strategy and Operations - The Group intends to focus on mid-end retail products while also increasing sales to high-end corporate customers[153]. - The Group is focusing on strengthening its marketing and channel efforts to increase user base and improve product quality in the future[162]. - The Group plans to expand its jewelry wholesale business by seeking more clients in southern China to broaden sales channels[155].