JANCO HOLDINGS(08035)

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骏高控股(08035) - 2021 - 年度财报
2022-04-28 11:31
Financial Performance - The company reported a revenue growth of 16.7% and a net profit attributable to shareholders growth of 54.5% in 2021[8]. - Total revenue increased by approximately 16.7% from HKD 487.6 million in FY2020 to HKD 569.0 million in FY2021[15]. - Profit attributable to shareholders rose to approximately HKD 17.3 million in FY2021, compared to HKD 11.2 million in FY2020[14]. - Gross profit increased by approximately 18.5% from HKD 64.7 million in FY2020 to HKD 76.7 million in FY2021, with a slight increase in gross margin from 13.3% to 13.5%[18]. - Net profit for the year was HKD 18,113,000, reflecting a growth of 50.55% from HKD 12,020,000 in 2020[193]. - Basic earnings per share for 2021 were HKD 2.89, compared to HKD 1.86 in 2020, marking a 55.38% increase[193]. - The company achieved a net other comprehensive income of HKD 17,907,000, up from HKD 11,456,000 in 2020, representing a 56.67% increase[193]. Revenue Sources - The contribution of freight forwarding revenue decreased from 70% a few years ago to 51.8% in 2021, while logistics services increased to 16.8% and e-commerce trade and fulfillment rose to 31.3%[8]. - Revenue from sea freight forwarding services increased by approximately HKD 34.3 million, while e-commerce fulfillment services revenue rose by approximately HKD 77.4 million in FY2021[15]. - The logistics service segment generated revenue of HKD 95.8 million in FY2021, down from HKD 105.3 million in FY2020[17]. Cost and Expenses - Sales costs increased by approximately 16.4% from HKD 422.9 million in FY2020 to HKD 492.2 million in FY2021, primarily due to increased sea freight costs of approximately HKD 31.2 million and e-commerce fulfillment service costs of approximately HKD 77.1 million[18]. - Administrative expenses increased by approximately 38.3% from HKD 42.3 million in FY2020 to HKD 58.5 million in FY2021, primarily due to higher senior management costs and IT-related expenses[22]. - The company reported a decrease in trade receivables impairment losses to HKD 2,175,000 from HKD 11,320,000, indicating improved credit quality[193]. Investments and Development - The company is developing promising projects in emerging technologies, including the Tianyi Shen Water System and cold chain logistics[9]. - The company has invested in proprietary conversion and packaging facilities for the 8035 Tianyi disinfectant water, which was launched in Spring 2022, contributing to revenue generation[33]. - The company is actively procuring technology for cold chain logistics solutions, responding to high demand for temperature-controlled storage and transportation[33]. Governance and Compliance - The company has adopted the principles and code provisions of the Corporate Governance Code as per GEM Listing Rules Appendix 15, ensuring proper regulation of its operations and decision-making processes[57]. - The company did not comply with code provision C.2.1, as the roles of Chairman and CEO were held by the same individual until April 6, 2022, when they were separated[58]. - The company has established an Audit Committee, Nomination Committee, and Remuneration Committee to enhance governance and oversight[57]. - The board composition includes eight directors: four executive directors, one non-executive director, and three independent non-executive directors, ensuring a balance of skills and experience[64]. Shareholder and Market Information - The company has set up multiple channels for communication with shareholders and investors, including annual reports and a dedicated website[98]. - The company maintained the minimum public float required under GEM listing rules throughout the fiscal year 2021[123]. - The company has a share option plan with a validity period of ten years from the date of adoption[138]. Risk Management - The company emphasizes risk management practices to mitigate operational and financial risks, including customer retention and maintaining stable supplier relationships[110]. - The company is closely monitoring the impact of the COVID-19 pandemic on its financial performance, citing potential risks such as tightened preventive measures and supply chain challenges[173]. Financial Position - As of December 31, 2021, the current ratio improved to 0.68 from 0.64 in the previous year, with cash and bank balances increasing to approximately HKD 14.9 million from HKD 8.2 million[25]. - The debt-to-equity ratio decreased to approximately 175.1% as of December 31, 2021, down from 249.3% in 2020, indicating improved financial stability[25]. - The group reported a net current liability of approximately HKD 80,904,000 as of December 31, 2021, indicating significant uncertainty regarding the company's ability to continue as a going concern[178]. Employee and Operational Capacity - The company employed 188 full-time employees as of December 31, 2021, an increase from 172 in the previous year, reflecting growth in operational capacity[36]. - The remuneration policy for employees and executives is based on performance, qualifications, and market levels, with annual reviews conducted by the remuneration committee[159].
骏高控股(08035) - 2021 Q3 - 季度财报
2021-11-12 08:34
Financial Performance - The company reported unaudited financial performance for the nine months ended September 30, 2021[16]. - The financial results have been approved by the board of directors for publication[16]. - The report includes a summary of the consolidated income statement and other comprehensive income for the specified period[10]. - Revenue for the three months ended September 30, 2021, was HKD 137,791,000, a slight decrease of 0.9% compared to HKD 139,002,000 in the same period of 2020[17]. - Gross profit for the nine months ended September 30, 2021, increased to HKD 62,936,000, representing a 54.7% increase from HKD 40,658,000 in the same period of 2020[17]. - The net profit for the nine months ended September 30, 2021, was HKD 18,763,000, significantly up from HKD 3,898,000 in the same period of 2020, marking an increase of 380.5%[17]. - Basic earnings per share for the nine months ended September 30, 2021, was HKD 3.01, compared to HKD 0.56 for the same period in 2020, reflecting a growth of 437.5%[17]. - Total comprehensive income for the nine months ended September 30, 2021, was HKD 18,686,000, compared to HKD 3,818,000 in the same period of 2020, an increase of 388.5%[17]. - Administrative expenses for the nine months ended September 30, 2021, rose to HKD 43,991,000, up from HKD 34,622,000 in the same period of 2020, indicating a 27.1% increase[17]. - Interest income for the nine months ended September 30, 2021, decreased to HKD 2,160,000 from HKD 2,482,000 in the same period of 2020, a decline of 13.0%[17]. - The company reported a loss from impairment of trade receivables of HKD 1,008,000 for the nine months ended September 30, 2021, compared to a loss of HKD 5,696,000 in the same period of 2020, showing an improvement of 82.3%[17]. - The total equity as of September 30, 2021, was HKD 76,854,000, an increase from HKD 57,630,000 at the beginning of the year[18]. - Revenue for the nine months ended September 30, 2021, increased by approximately 15.5% to HKD 400.1 million from HKD 346.3 million for the same period in 2020[38]. - Sea freight forwarding service revenue increased by approximately HKD 28.8 million, while e-commerce fulfillment service revenue increased by approximately HKD 51.1 million for the nine months ended September 30, 2021[38]. - Air freight forwarding service revenue decreased by approximately HKD 7.0 million, and logistics service revenue decreased by approximately HKD 15.5 million for the nine months ended September 30, 2021[38]. - Basic earnings per share for the nine months ended September 30, 2021, were HKD 30.05 cents, compared to HKD 5.57 cents for the same period in 2020[31]. - The company did not declare any interim dividends for the nine months ended September 30, 2021[32]. - Sales cost increased by approximately 10.3% from HKD 305.7 million for the nine months ended September 30, 2020, to HKD 337.1 million for the nine months ended September 30, 2021[41]. - Gross profit rose by approximately 54.5% from HKD 40.7 million to HKD 62.9 million, with gross margin increasing from about 11.7% to approximately 15.7%[41]. - Profit attributable to owners increased by approximately 448.5% from HKD 3.3 million to HKD 18.1 million, primarily due to improved gross margins in e-commerce fulfillment and logistics businesses[45]. - Administrative expenses increased by approximately 27.2% from HKD 34.6 million to HKD 44.0 million, mainly due to an increase in management bonus provisions[42]. Corporate Governance - The board of directors is responsible for ensuring the accuracy and completeness of the financial information presented[10]. - The independent auditor has conducted a review of the financial data according to the relevant standards[12]. - No significant issues were found that would lead to concerns regarding the financial data's compliance with the established criteria[14]. - The company is committed to transparency and accountability in its financial reporting[10]. - The company has established an audit committee to oversee financial reporting systems, risk management, and internal controls[78]. - The audit committee has reviewed the unaudited condensed consolidated financial statements for the nine months ending September 30, 2021, confirming compliance with applicable accounting standards and GEM listing rules[78]. - The company appointed a compliance advisor, who confirmed their independence and lack of interest in the company's equity[67]. - The company has complied with all provisions of the corporate governance code except for clauses A.2.1 and A.5.1 during the nine months ending September 30, 2021[73]. - The board believes that the dual role of the chairman and CEO held by Mr. Wu is in the best interest of the company due to his extensive experience in the logistics industry[73]. - The company appointed two new independent non-executive directors on May 7, 2021, correcting the non-compliance situation regarding the number of independent directors[74]. - The company has established a nomination committee, although it did not strictly comply with the governance code regarding its composition for a brief period[74]. - There were changes in the board of directors, with three resignations and two new appointments effective May 2021[69]. - The board of directors consists of experienced individuals, including three independent non-executive directors, ensuring a balance of power and responsibilities[73]. Market and Business Strategy - The company emphasizes the importance of understanding the potential risks associated with investing in GEM-listed companies[1]. - The company operates in a market characterized by higher investment risks compared to other listed companies[1]. - The company has not reported any new product launches or significant market expansions during this period[21]. - The company plans to expand its e-commerce and fulfillment business and is looking for opportunities to set up different warehouses to expand logistics operations in Asia[37]. - The company aims to enhance its last-mile delivery times and streamline e-commerce processes to improve efficiency[37]. - The increase in e-commerce fulfillment service revenue is primarily due to new and existing customer orders during the period[40]. - The company expects positive growth in e-commerce logistics revenue due to the anticipated robust development of the e-commerce logistics market[37]. Shareholder Information - The company did not purchase, redeem, or sell any shares during the nine months ended September 30, 2021[48]. - As of September 30, 2021, the company had a total of 600 million shares issued, with the largest shareholder holding approximately 0.16%[51]. - Major shareholders include Million Venture Holdings Limited with 156,000,000 shares, representing 26% of the total shares[56]. - The company has a total of 600,000,000 shares issued as of September 30, 2021[57]. - The stock option plan allows for the issuance of up to 60,000,000 shares, which is 10% of the total shares at the time of listing[58]. - As of September 30, 2021, the maximum number of unexercised stock options that could be issued is 10,500,000 shares, accounting for 1.75% of the total shares[61]. - The total number of stock options available for grant under the plan is 49,500,000, representing approximately 8.25% of the total shares[61]. - No arrangements were made for directors to purchase shares or bonds of the company or any other entity during the nine months ending September 30, 2021[64]. - There were no significant contracts in which directors had a substantial interest during the nine months ending September 30, 2021[65]. - No competitive interests were reported among directors or major shareholders that could conflict with the company's business[66]. Audit and Compliance - The financial statements for the nine months ending September 30, 2021, have been reviewed by the company's auditor, providing an unqualified review report[80]. - The company did not disclose any significant events that occurred after September 30, 2021, up to the report date[77].
骏高控股(08035) - 2021 - 中期财报
2021-08-12 08:40
香港聯合交易所有限公司(「聯交所」)GEM的特色 GEM乃為較於聯交所上市之其他公司帶有更高投資風險之中小型公司提供上市 之市場。有意投資者應了解投資於該等公司之潛在風險,並應經過審慎周詳考 慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司,在GEM買賣之證券可能會承受較於聯 交所主板買賣之證券為高之市場波動風險,同時亦無法保證在GEM買賣的證券 會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告的內容概不負責,對其準確性或 完整性亦不發表任何聲明,並明確表示概不會對本報告的全部或任何部分內容 所產生或因依賴該等內容而引致的任何損失承擔任何責任。 本報告乃遵照聯交所GEM證券上市規則(「GEM上市規則」)的規定而提供有關駿 高控股有限公司(「本公司」)及其附屬公司(統稱「本集團」或「我們」)的資料。 本公司之董事(「董事」)願共同及個別就本報告負全責,並在作出一切合理查詢 後確認,就彼等所深知及確信,本報告所載資料在各重大方面均屬準確完備, 且並無誤導或欺詐成分;亦無遺漏其他事項,以致本報告所載任何陳述或本報 告有所誤導。 1 駿高控股有限公司 • 2021中期報告 目錄 | 公司資料 | ...
骏高控股(08035) - 2021 Q1 - 季度财报
2021-05-13 09:28
Financial Performance - Revenue for the first quarter ended March 31, 2021, was HKD 130,070,000, representing a 23.3% increase from HKD 105,515,000 in the same period of 2020[4] - Gross profit for the first quarter was HKD 19,621,000, compared to HKD 9,555,000 in the previous year, indicating a significant improvement[4] - The company reported a profit before tax of HKD 6,345,000, a turnaround from a loss of HKD 3,082,000 in the first quarter of 2020[4] - Net profit for the period was HKD 5,592,000, compared to a loss of HKD 3,079,000 in the same quarter of the previous year[4] - Basic and diluted earnings per share for the first quarter were HKD 0.91, compared to a loss of HKD 0.51 per share in the prior year[4] - Total comprehensive income for the period was HKD 5,543,000, recovering from a total comprehensive loss of HKD 3,007,000 in the first quarter of 2020[4] - The group recorded a profit attributable to owners of approximately HKD 5.4 million for the three months ended March 31, 2021, compared to a loss of approximately HKD 3.1 million for the same period in 2020, primarily due to an increase in gross margin from e-commerce fulfillment and logistics businesses[32] Revenue Breakdown - Air freight agency service revenue rose by HKD 2.9 million, while sea freight agency service revenue increased by HKD 7.3 million, and e-commerce fulfillment service revenue grew by HKD 17.2 million[25] - The increase in air freight revenue was primarily due to an increase in cargo volume from existing and new customers[25] Expenses and Costs - The company’s administrative expenses increased slightly to HKD 12,312,000 from HKD 11,973,000 year-over-year[4] - Sales costs rose by approximately 15.0% to HKD 110.4 million, mainly due to increased sea freight costs and e-commerce fulfillment service costs[28] - The increase in administrative expenses was mainly due to higher depreciation and legal and professional fees incurred during the three months ended March 31, 2021[29] Taxation - The estimated taxable profits for the period were calculated at a rate of 16.5%, resulting in a current tax expense of HKD (753,000) compared to HKD 3,000 in the previous year[16] - The estimated taxable profit for the three months ended March 31, 2021, was subject to a Hong Kong profits tax provision calculated at 16.5%[30] Dividends - The company did not declare or recommend any dividends for the three months ended March 31, 2021[18] - No interim dividend was recommended for the three months ended March 31, 2021, consistent with the previous year[33] Corporate Governance - The company has complied with the corporate governance code, except for the separation of the roles of chairman and CEO, which are held by the same individual[49] - The company adopted a more lenient code of conduct for directors regarding securities transactions, in compliance with GEM Listing Rules[36] - There were no significant contracts exist where directors have a substantial interest as of March 31, 2021[46] Shareholder Information - As of March 31, 2021, the company’s major shareholder, Million Venture Holdings Limited, held 306,000,000 shares, representing 51% of the issued share capital[43] - The total number of share options granted to directors as of March 31, 2021, was 4,500,000, representing approximately 0.75% of the issued share capital[41] - The company granted a total of 10,500,000 stock options under the stock option plan as of June 24, 2020, with none exercised as of March 31, 2021[44] - The exercise price for the stock options is HKD 0.2066, with a validity period from June 24, 2021, to June 23, 2030[44] - 50% of the stock options will vest on June 24, 2021, and the remaining 50% will vest on June 24, 2022[44] Audit and Compliance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited financial statements for the three months ending March 31, 2021[52] - The company has not disclosed any significant events that occurred after March 31, 2021, up to the report date[51] Future Plans - The company plans to continue expanding its e-commerce and fulfillment business and is looking for opportunities to set up different warehouses to enhance logistics operations in Asia[24] - The company is enhancing its capabilities to improve last-mile delivery times and streamline e-commerce processes for greater efficiency[24] Other Information - The company did not purchase, redeem, or sell any shares during the three months ended March 31, 2021[35] - There were no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the three months ended March 31, 2021[34] - There were no known business interests that could potentially compete with the company's operations as of March 31, 2021[48] - Following the reporting period, several directors resigned and new independent non-executive directors were appointed on May 5 and May 7, 2021[50] - The company has adopted all new and revised Hong Kong Financial Reporting Standards effective from January 1, 2021, with no significant impact on its financial statements[13]
骏高控股(08035) - 2020 - 年度财报
2021-03-31 09:48
Financial Performance - Total revenue increased by approximately 18.3% from about HKD 412.3 million in FY2019 to about HKD 487.6 million in FY2020[12][15]. - The company recorded a profit attributable to shareholders of approximately HKD 11.2 million in FY2020, compared to a loss of about HKD 18.1 million in FY2019[12][28]. - Air freight revenue increased by approximately HKD 86.8 million, while e-commerce fulfillment revenue rose by about HKD 18.9 million in FY2020[15]. - Gross profit increased by approximately 96.1% from about HKD 33.0 million in FY2019 to about HKD 64.7 million in FY2020, with a gross margin improvement from 8.0% to 13.3%[22]. - Other income surged by approximately 9,000% from about HKD 0.1 million in FY2019 to about HKD 9.1 million in FY2020, mainly due to a one-time government subsidy[23]. - Administrative expenses decreased by about 7.0% from approximately HKD 45.5 million in FY2019 to about HKD 42.3 million in FY2020[25]. - Financing costs decreased to HKD 5.9 million in FY2020 from HKD 7.0 million in FY2019[26]. - The logistics segment's gross profit increased significantly, contributing to the overall profitability of the company[22]. - The company faced a 666.7% increase in other losses, primarily due to a loss on the sale of property, plant, and equipment[24]. Business Strategy and Expansion - Significant contributions to revenue growth in 2020 came from the expansion of e-commerce fulfillment services in the US and China[6]. - The group aims to diversify its business and expand its customer base in response to competition and economic uncertainties[6]. - Future plans include strengthening relationships with large clients and expanding logistics services in Europe and the US, as well as enhancing cross-border e-commerce operations[7]. - The group anticipates rapid growth in warehouse capacity due to the execution of warehouse mergers and upgrades to warehouse management systems[7]. - The group plans to expand its e-commerce and fulfillment business, aiming for significant growth in e-commerce revenue in the future[40]. - Market expansion efforts include entering two new Southeast Asian countries, expected to contribute an additional $2 million in revenue[53]. - The company is exploring potential acquisitions to enhance its service offerings, targeting a 10% increase in market share[54]. Environmental, Social, and Governance (ESG) Initiatives - The environmental, social, and governance (ESG) report highlights compliance with guidelines, focusing on sustainability initiatives[60]. - Stakeholder engagement has been prioritized, with feedback mechanisms established to improve ESG performance[63]. - The company aims to enhance operational efficiency, targeting a 5% reduction in operational costs through process optimization[61]. - The financial year ended December 31, 2020, with a comprehensive review of challenges faced and measures taken in ESG areas[62]. - For the fiscal year ending December 31, 2020, the total greenhouse gas emissions amounted to 3,890.8 tons, a significant increase from 887.2 tons in 2019[74]. - Direct greenhouse gas emissions (Scope 1) from gasoline and diesel consumption rose to 551.5 tons in 2020, compared to 373.3 tons in 2019, reflecting a 47.8% increase[74]. - Indirect greenhouse gas emissions (Scope 2) from purchased electricity increased to 450.3 tons in 2020, up from 329.6 tons in 2019, marking a 36.5% rise[74]. - Other indirect greenhouse gas emissions (Scope 3) from paper usage surged to 2,889.0 tons in 2020, a dramatic increase from 184.3 tons in 2019, representing a 1,467.4% increase[74]. - The total energy consumption for the fiscal year 2020 was 714,797 kWh for electricity, up from 523,245 kWh in 2019, indicating a 36.5% increase[78]. - The company has implemented various measures to reduce carbon emissions, improve energy efficiency, and conserve water resources as part of its commitment to environmental protection[68]. Workforce and Employee Engagement - The group employed 172 full-time employees as of December 31, 2020, an increase from 149 in 2019[42]. - The total number of employees increased to 172 in 2020, up from 149 in 2019, representing a growth of approximately 15.4%[86]. - The monthly employee turnover rate decreased to 3.78% in 2020 from 6.17% in 2019, indicating improved employee retention[86]. - The average training hours per employee remained stable at 3 hours for both 2020 and 2019[93]. - The company reported no workplace injuries or lost workdays due to accidents in 2020, reflecting effective safety measures[88]. - The company provided regular training to employees, including new employee orientation and skills enhancement programs[91]. - The employee count in the operations department rose to 141 in 2020, accounting for 82.0% of the total workforce[87]. Corporate Governance - The board of directors consists of six members, including three executive directors and three independent non-executive directors, ensuring a balance of power and responsibilities[110]. - The group has complied with all corporate governance code provisions during the reporting period, except for the separation of the roles of chairman and CEO[106]. - The board is responsible for evaluating risks faced by the group and implementing appropriate risk management measures[119]. - The company has established three committees to assist the board: the audit committee, the remuneration committee, and the nomination committee[123]. - The board is required to meet at least four times a year, with a minimum of 14 days' notice for meetings[114]. - The company has adopted a written terms of reference for the audit committee, which includes reviewing the financial reporting process and internal controls[124]. - The company established a Remuneration Committee, which held one meeting during the reporting period, focusing on the remuneration policies for executive directors and senior management[126]. - The Nomination Committee conducted two meetings, reviewing the board's structure and diversity policies, and assessing the independence of non-executive directors[128]. Financial Position and Shareholder Information - The company’s distributable reserves as of December 31, 2020, amounted to approximately HKD 27.6 million[187]. - The company did not recommend the payment of a final dividend for the fiscal year 2020[166]. - The largest customer accounted for 14.96% of total revenue in fiscal year 2020, compared to 14.25% in 2019[170]. - The top five customers represented 39.7% of total revenue in fiscal year 2020, slightly up from 39.6% in 2019[170]. - The top five suppliers accounted for 36.5% of total procurement in fiscal year 2020, down from 38.9% in 2019[170]. - The largest supplier accounted for 10.5% of total procurement in fiscal year 2020, compared to 10.6% in 2019[170]. - The company has set up multiple channels for communication with shareholders, including annual reports and a dedicated website[147]. Compliance and Risk Management - The company has maintained compliance with all applicable environmental laws and regulations during the fiscal year 2020[160]. - The company has no independent internal audit department but relies on external consultants for internal control reviews[138]. - The company’s compliance officer was appointed on October 4, 2019, ensuring adherence to regulations[153]. - The board has concluded that the risk management and internal control systems are effective and adequate after a review by an external independent consultant[137]. - The company ensures compliance with the Securities and Futures Ordinance regarding the disclosure of interests and holdings[196].
骏高控股(08035) - 2020 Q3 - 季度财报
2020-11-13 09:11
Financial Performance - For the three months ended September 30, 2020, the company reported revenue of HKD 139,002,000, a 47.1% increase from HKD 94,423,000 in the same period of 2019[6] - The gross profit for the nine months ended September 30, 2020, was HKD 40,658,000, representing a 88.9% increase compared to HKD 21,517,000 in the previous year[6] - The company achieved a profit before tax of HKD 7,469,000 for the third quarter, compared to a loss of HKD 2,428,000 in the same quarter of 2019[6] - The net profit for the nine months ended September 30, 2020, was HKD 3,898,000, a significant recovery from a loss of HKD 15,604,000 in the previous year[6] - Basic earnings per share for the third quarter was HKD 1.15, compared to a loss per share of HKD 0.41 in the same period of 2019[6] - The total comprehensive income for the third quarter was HKD 7,287,000, compared to a loss of HKD 2,387,000 in the same quarter of 2019[6] - For the nine months ended September 30, 2020, the total revenue was HKD 346,347,000, representing an increase of 13.4% compared to HKD 305,415,000 for the same period in 2019[16] - The group's revenue increased by approximately 13.4% from about HKD 305.4 million for the nine months ended September 30, 2019, to about HKD 346.3 million for the nine months ended September 30, 2020[26] - Gross profit rose by approximately 89.3% from about HKD 21.5 million to about HKD 40.7 million, with gross margin increasing from approximately 7.0% to about 11.7%[28] - Total comprehensive income increased by approximately 121.3% from about HKD 15.5 million in total expenses to about HKD 3.3 million in total comprehensive income for the nine months ended September 30, 2020[34] Revenue Sources - Air freight agency service revenue for the three months ended September 30, 2020, was HKD 63,528,000, a significant increase of 144.5% from HKD 26,010,000 in 2019[16] - E-commerce fulfillment service revenue increased to HKD 66,158,000 for the nine months ended September 30, 2020, up 16.5% from HKD 56,984,000 in 2019[16] - Air freight forwarding services generated an increase in revenue of approximately HKD 50.9 million, while logistics services and e-commerce fulfillment services contributed increases of about HKD 16.1 million and HKD 9.2 million, respectively[26] Operational Strategy - The company plans to continue expanding its logistics services, particularly in e-commerce and cross-border logistics[9] - The company is focused on enhancing its operational efficiency and exploring new market opportunities to drive future growth[9] - The company is expanding its e-commerce fulfillment business in response to increasing demand due to growth in e-commerce activities in the US and Europe[22] - Future plans include expanding logistics operations in Asia by establishing different warehouses[24] - The company aims to enhance its last-mile delivery times and streamline e-commerce processes to improve efficiency[25] - The company is focusing on capturing the growing opportunities from cross-border e-commerce flows and exports from China to the world[25] Shareholder Information - The company reported a total equity of HKD 49,988,000 as of September 30, 2020, an increase from HKD 45,681,000 at the beginning of the year[7] - The company’s major shareholder, Million Venture, holds 450,000,000 shares, representing 75% of the issued share capital[42] - The total number of share options granted to directors is 4,500,000, accounting for approximately 0.75% of the issued share capital[40] - The share options granted to employees total 3,000,000, which are also unexercised as of September 30, 2020[44] - As of September 30, 2020, the company granted a total of 10,500,000 share options under the share option scheme, which remain unexercised[44] Corporate Governance - The company has adopted the principles and code provisions of the Corporate Governance Code as per GEM Listing Rules, ensuring proper regulation of its operations and decision-making processes[48] - The company has established an Audit Committee, Nomination Committee, and Remuneration Committee to ensure a balance of power and responsibilities within the board[48] - The Audit Committee, consisting of three independent non-executive directors, has reviewed the unaudited condensed consolidated financial statements for the nine months ended September 30, 2020, confirming compliance with applicable accounting standards[50] - The company has complied with all provisions of the Corporate Governance Code during the reporting period, except for the separation of the roles of Chairman and CEO[48] Expenses and Taxation - The estimated tax expense for the nine months ended September 30, 2020, was HKD 121,000, compared to HKD 67,000 in 2019, reflecting an increase of 80.6%[17] - Administrative expenses increased by approximately 8.4% from about HKD 32.2 million to about HKD 34.9 million, mainly due to increased depreciation expenses[32] - The increase in sales costs was approximately 7.7%, rising from about HKD 283.9 million to about HKD 305.7 million, primarily due to increased air freight costs[28] Dividends and Acquisitions - The company did not declare any interim dividends for the nine months ended September 30, 2020, compared to no dividends declared in 2019[20] - The company did not recommend the payment of an interim dividend for the nine months ended September 30, 2020[35] - There were no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the nine months ended September 30, 2020[36] Other Information - The company has not received any notifications from other individuals regarding interests in shares or bonds that require disclosure under the Securities and Futures Ordinance as of September 30, 2020[42] - No significant contracts exist where the company’s directors have a substantial interest as of September 30, 2020[46] - There were no arrangements made for directors to benefit from purchasing shares or bonds of the company or any other entity during the nine months ending September 30, 2020[45] - No competitive interests were reported by the directors or major shareholders that could conflict with the company’s business as of September 30, 2020[47] - A lease agreement was signed for a property from January 1, 2021, to December 31, 2023, with an option to renew for an additional three years[49]
骏高控股(08035) - 2020 - 中期财报
2020-08-13 10:10
中期報告 2020 Interim Report 2020 香港聯合交易所有限公司(「聯交所」)GEM的特色 GEM乃為較於聯交所上市之其他公司帶有更高投資風險之中小型公司提供上市 之市場。有意投資者應了解投資於該等公司之潛在風險,並應經過審慎周詳考 慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司,在GEM買賣之證券可能會承受較於聯 交所主板買賣之證券為高之市場波動風險,同時亦無法保證在GEM買賣的證券 會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告的內容概不負責,對其準確性或 完整性亦不發表任何聲明,並明確表示概不會對本報告的全部或任何部分內容 所產生或因依賴該等內容而引致的任何損失承擔任何責任。 本報告乃遵照聯交所GEM證券上市規則(「GEM上市規則」)的規定而提供有關駿 高控股有限公司(「本公司」)及其附屬公司(統稱「本集團」或「我們」)的資料。 本公司之董事(「董事」)願共同及個別就本報告負全責,並在作出一切合理查詢 後確認,就彼等所深知及確信,本報告所載資料在各重大方面均屬準確完備, 且並無誤導或欺詐成分;亦無遺漏其他事項,以致本報告所載任何陳述或本報 告有所誤導。 1 駿 ...
骏高控股(08035) - 2020 Q1 - 季度财报
2020-05-08 14:40
Financial Performance - For the first quarter ended March 31, 2020, the company reported revenue of HKD 105,515,000, a decrease of 4% from HKD 110,950,000 in the same period of 2019[7] - The gross profit for the first quarter was HKD 9,555,000, significantly up from HKD 2,960,000 in the previous year, representing a gross margin improvement[7] - The company recorded a loss before tax of HKD 3,082,000, an improvement compared to a loss of HKD 8,145,000 in Q1 2019, indicating a reduction in losses by approximately 62%[7] - The net loss for the period was HKD 3,079,000, compared to a net loss of HKD 8,147,000 in the same quarter last year, reflecting a 62% decrease in net losses[7] - Basic loss per share improved to HKD 0.51 from HKD 1.36 year-over-year, indicating a positive trend in loss reduction[7] - The total comprehensive loss for the period was HKD 3,007,000, compared to HKD 8,189,000 in the previous year, marking a significant improvement[7] - Revenue for the three months ended March 31, 2020, decreased by approximately 5.0% to HKD 105.5 million from HKD 111.0 million for the same period in 2019[26] - Loss attributable to owners decreased by approximately 62.2% to HKD 3.1 million from HKD 8.2 million for the same period in 2019[30] Expenses and Costs - Administrative expenses increased to HKD 11,973,000 from HKD 10,242,000, reflecting a rise of approximately 17% year-over-year[7] - Administrative expenses rose by approximately 17.6% to HKD 12.0 million, primarily due to increased depreciation and legal costs[28] - The company’s financing costs decreased to HKD 1,498,000 from HKD 1,638,000, indicating a reduction of about 9%[7] Shareholder Information - As of March 31, 2020, the major shareholder Million Venture Holdings owns 450,000,000 shares, representing 75% of the company's issued share capital[39] - The company did not declare any interim dividend for the three months ended March 31, 2020[32] - No share buybacks, sales, or redemptions occurred by the company or its subsidiaries during the three months ending March 31, 2020[34] - The company has not granted, exercised, canceled, or allowed any stock options under the stock option plan since its adoption on September 23, 2016[40] Corporate Governance - The company has complied with the corporate governance code, except for the separation of the roles of chairman and CEO, which is deemed appropriate due to the chairman's extensive experience in the industry[45] - There were no significant contracts in which directors had a substantial interest during the reporting period ending March 31, 2020[42] - The Audit Committee was established on September 23, 2016, and consists of three independent non-executive directors[49] - The Audit Committee reviewed the unaudited consolidated financial statements for the three months ended March 31, 2020, and confirmed compliance with applicable accounting standards[49] Future Outlook - The company plans to expand its e-commerce and fulfillment business and is looking for opportunities to set up additional warehouses in Asia[25] - The increase in e-commerce express business is attributed to rising demand from the U.S. and Europe, with plans to enhance last-mile delivery efficiency[22] - The COVID-19 pandemic is expected to impact the company's revenue and operational performance starting in April 2020, with ongoing monitoring of the situation[46] Other Information - The company has not received any notifications from other individuals regarding their interests in the company's shares or related securities as of March 31, 2020[39] - There were no disclosures of any interests or short positions in the company's shares by directors or major executives as of March 31, 2020[37] - No arrangements were made for directors to benefit from purchasing shares or bonds of the company or any other entity during the reporting period[41] - On May 8, 2020, Mr. Dai Jingfeng was appointed as an executive director[47] - The report will be published on the GEM website and the company's website for at least seven days from the publication date[50] - The company has adopted new and revised Hong Kong Financial Reporting Standards effective from January 1, 2020, with no significant impact on its financial statements identified so far[15] - No significant acquisitions or disposals of subsidiaries, associates, or joint ventures occurred during the three months ended March 31, 2020[33]
骏高控股(08035) - 2019 - 年度财报
2020-03-30 08:58
Financial Performance - Total revenue increased by approximately 12.4% from HKD 366.8 million in FY2018 to HKD 412.3 million in FY2019, driven mainly by growth in e-commerce and logistics services[15]. - E-commerce fulfillment revenue rose significantly, contributing HKD 82.1 million in FY2019 compared to HKD 36.7 million in FY2018, reflecting a focus on higher-margin services[18]. - Logistics service revenue increased by approximately HKD 35.0 million, from HKD 76.6 million in FY2018 to HKD 111.6 million in FY2019, due to sales to existing and new customers[18]. - Gross profit increased by approximately 29.9% from HKD 25.4 million in FY2018 to HKD 33.0 million in FY2019, with gross margin improving from 6.9% to 8.0%[22]. - The company reported a loss attributable to shareholders of approximately HKD 18.1 million in FY2019, an improvement from a loss of HKD 24.9 million in FY2018[15]. - Sales costs rose by approximately 11.1% from HKD 341.4 million in FY2018 to HKD 379.3 million in FY2019, mainly due to increased costs in e-commerce and logistics services[20]. - The company recorded a loss attributable to owners of approximately HKD 18.1 million for the fiscal year 2019, a decrease from a loss of approximately HKD 24.9 million in 2018, primarily due to increased gross margins in e-commerce fulfillment and logistics businesses[27]. - The company did not recommend any final dividend for the fiscal year 2019[162]. Business Expansion and Strategy - The company expanded its e-commerce business in the United States, significantly contributing to revenue growth in 2019[8]. - The company plans to continue expanding its logistics business, focusing on e-commerce services and cross-border logistics in Europe and the United States[9]. - The company is expanding its e-commerce business to capture growth opportunities arising from increased demand in cross-border logistics activities[16]. - The company plans to continue expanding its e-commerce and fulfillment businesses and is looking for opportunities to set up different warehouses to expand its logistics operations in Asia[40]. - The company aims to establish business relationships with large and well-known clients to enhance its core logistics operations[9]. Operational Improvements - The logistics business profit margin improved in 2019 due to warehouse consolidation executed in 2018, leading to a reduction in operating losses[8]. - The additional costs incurred from warehouse consolidation and system upgrades in 2018 are expected to facilitate rapid growth in warehouse storage capacity in the coming years[9]. - The company has upgraded its warehouse management systems and renovated warehouses to enhance logistics operations[8]. - The company has diversified its business and expanded its customer base in response to intense competition and economic uncertainties[8]. Environmental and Social Responsibility - The company is committed to environmental protection and has implemented measures to reduce carbon emissions, improve energy efficiency, and conserve water resources[67]. - The company reported that its waste gas emissions primarily include nitrogen oxides (NOx), sulfur oxides (SOx), and particulate matter, mainly from vehicle emissions[68]. - Sulfur oxides (SOx) emissions decreased from 15.0 tons in 2018 to 10.4 tons in 2019, a reduction of approximately 30.7%[70]. - Nitrogen oxides (NOx) emissions decreased from 3,014.3 tons in 2018 to 2,082.7 tons in 2019, a reduction of approximately 30.8%[70]. - Total greenhouse gas emissions increased from 689.0 tons in 2018 to 887.2 tons in 2019, an increase of approximately 28.7%[73]. - The company has established appropriate and effective management policies and internal control systems for environmental, social, and governance issues as of the fiscal year ending December 31, 2019[66]. Governance and Compliance - The board of directors consists of six members, including three executive directors and three independent non-executive directors[109]. - The company has complied with all provisions of the corporate governance code, except for the separation of the roles of chairman and CEO[105]. - The group has adopted a code of conduct for directors that is more lenient than the GEM listing rules regarding securities transactions[107]. - The board has established three committees: Audit Committee, Remuneration Committee, and Nomination Committee, to assist in fulfilling its responsibilities[122]. - The company adheres to corporate governance policies and practices, ensuring compliance with legal and regulatory requirements[114]. Employee and Workforce Management - The company employed 149 full-time employees as of December 31, 2019, an increase from 129 in 2018[42]. - The employee turnover rate for 2019 was 6.17%, up from 4.54% in 2018, indicating a rise in employee attrition[85]. - The operational department accounted for 83.2% of the total workforce in 2019, an increase from 76.7% in 2018[86]. - The company provided regular training to employees, including new employee orientation and professional skills enhancement[90]. - The company strictly adhered to labor laws and reported no violations related to labor regulations in 2019[88]. Financial Ratios and Metrics - The current ratio was 0.50, down from 0.64 in 2018, mainly due to a decrease in trade receivables and deposits[30]. - The debt-to-equity ratio as of December 31, 2019, was approximately 324.0%, up from 256.9% in 2018[30]. - The gross profit margin for the fiscal year 2019 was 8.0%, an increase from 6.9% in 2018[160]. - The return on equity for the fiscal year 2019 was -39.7%, compared to -39.1% in 2018[160]. Customer Relations and Satisfaction - The group received fewer than 10 customer complaints in the fiscal year 2019, most of which were resolved[98]. - The group has established a customer service team to handle inquiries and ensure customer satisfaction[98]. - There were no significant violations of health and safety standards related to the group's products and services in the fiscal year 2019[100]. Shareholder Engagement - The company encourages shareholders to attend meetings and vote, with all resolutions presented at the general meeting to be voted on by shareholding[136]. - The company has established multiple communication channels for shareholders and investors, including a dedicated website for business updates[142]. - The company has procedures in place for shareholders to propose special meetings and nominate candidates for the board[138].
骏高控股(08035) - 2019 Q3 - 季度财报
2019-11-27 14:42
Financial Performance - Revenue for the three months ended September 30, 2019, was HKD 94,423,000, representing a 12.5% increase from HKD 84,231,000 in the same period of 2018[6] - Gross profit for the nine months ended September 30, 2019, was HKD 21,517,000, up 48.3% from HKD 14,516,000 in the same period of 2018[6] - The company reported a net loss of HKD 15,604,000 for the nine months ended September 30, 2019, compared to a loss of HKD 16,731,000 in the same period of 2018, indicating a 6.7% improvement[6] - Basic loss per share for the three months ended September 30, 2019, was HKD 0.41, an improvement from HKD 1.06 in the same period of 2018[6] - Total comprehensive loss for the nine months ended September 30, 2019, was HKD 15,548,000, a slight decrease from HKD 16,731,000 in the same period of 2018[6] - Revenue for the nine months ended September 30, 2019, increased by approximately 22.1% to HKD 305.4 million from HKD 250.2 million for the same period in 2018[26] - Sales cost increased by approximately 20.4% from about HKD 235.7 million for the nine months ended September 30, 2018, to about HKD 283.9 million for the nine months ended September 30, 2019[27] - Gross profit rose by approximately 48.3% from about HKD 14.5 million to about HKD 21.5 million, with the gross margin increasing from approximately 5.8% to about 7.0%[27] - Other income and losses netted a loss of about HKD 2.8 million for the nine months ended September 30, 2019, compared to a gain of about HKD 88,000 for the same period in 2018, primarily due to a provision for trade receivables of about HKD 2.7 million[28] - Administrative expenses increased to HKD 32,183,000 for the nine months ended September 30, 2019, compared to HKD 27,478,000 in the same period of 2018, reflecting an increase of 17.5%[6] - Administrative expenses increased by approximately 17.1% from about HKD 27.5 million to about HKD 32.2 million, mainly due to an increase in legal and professional fees of about HKD 2.5 million[29] - The estimated tax expense for the nine months ended September 30, 2019, was HKD 67 thousand, calculated at a rate of 16.5%[18] Business Operations - The company continues to focus on expanding its logistics services, particularly in e-commerce and cross-border logistics[9] - Revenue from logistics services increased by approximately HKD 31.8 million, while revenue from e-commerce express services rose by approximately HKD 40.1 million for the nine months ended September 30, 2019[26] - The increase in revenue from sea freight forwarding services was primarily due to increased cargo volume from existing and new customers for the nine months ended September 30, 2019[26] - The company is expanding its e-commerce fulfillment business and logistics operations in Asia by establishing different warehouses[25] - The company aims to enhance its last-mile delivery times and streamline e-commerce processes to improve efficiency[25] - The company is strategically integrating logistics services into its core freight forwarding services to build a strong company image among shippers[22] Shareholder Information - The company’s total equity as of September 30, 2019, was HKD 48,112,000, down from HKD 71,523,000 as of September 30, 2018[7] - As of September 30, 2019, a director held 450 million shares, representing 75% of the issued share capital[44] - Mr. Zheng holds 100% beneficial ownership in Million Venture, with 1 share reported[46] - Million Venture owns 450,000,000 shares, representing 75% of the issued share capital[49] - Tai Choi Wan, spouse of Mr. Zheng, is also deemed to have a 75% interest in the same shares[49] - No options have been granted, exercised, canceled, or lapsed under the share option scheme since its adoption on September 23, 2016[50] - No arrangements were made for directors to benefit from purchasing shares or bonds of the company or any other entity during the nine months ended September 30, 2019[51] - There were no significant contracts in which directors had a substantial interest as of September 30, 2019[52] Corporate Governance - The company has complied with the corporate governance code, except for the separation of the roles of chairman and CEO[56] - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited consolidated financial statements for the nine months ended September 30, 2019[59] Other Information - The company did not declare any interim dividends for the nine months ended September 30, 2019[21] - No interim dividend was recommended for the nine months ended September 30, 2019[33] - There were no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the nine months ended September 30, 2019[34] - The company has taken appropriate steps to remedy the issues that led to the suspension of trading and believes it has met the resumption guidance[40] - Following the report period, several executive directors resigned, and new executive directors were appointed on October 4, 2019[57] - The report will be available on the GEM website and the company's website for at least seven days from the publication date[59]