Financial Performance - For the fiscal year ending December 31, 2024, the group's revenue was approximately HKD 250.8 million, a decrease of about 5.6% compared to HKD 265.6 million for the fiscal year ending December 31, 2023[5]. - The loss attributable to the company's owners for the fiscal year 2024 was approximately HKD 18.4 million, compared to a loss of HKD 18.2 million in the fiscal year 2023[5]. - The total comprehensive loss for the fiscal year 2024 was HKD 18.378 million, slightly lower than HKD 18.518 million in the previous year[8]. - The basic and diluted loss per share for the fiscal year 2024 was HKD 3.07, compared to HKD 3.03 for the fiscal year 2023[8]. - The group reported a pre-tax loss of HKD 18,402,000 for 2024, compared to a loss of HKD 18,173,000 in 2023, indicating a slight increase in losses[31]. - The group recorded a loss attributable to owners of HKD 18.4 million in FY2024, slightly increasing from HKD 18.2 million in FY2023[59]. Revenue Breakdown - Total revenue for the fiscal year 2024 is approximately HKD 250.8 million, a decrease of 5.6% from HKD 265.6 million in fiscal year 2023[44]. - The logistics and warehousing segment generated external sales of HKD 92,711,000 for the fiscal year ending December 31, 2024, compared to HKD 81,542,000 in 2023, indicating a growth of about 13.5%[22]. - The electronic commerce segment reported external sales of HKD 37,981,000 for the fiscal year ending December 31, 2024, a decrease from HKD 83,389,000 in 2023, reflecting a decline of approximately 54.5%[22]. - Air freight agency services revenue increased from approximately HKD 77.6 million in fiscal year 2023 to approximately HKD 89.6 million in fiscal year 2024, driven by an increase in air freight tonnage handled[45]. - Sea freight agency services revenue rose from approximately HKD 23.2 million in fiscal year 2023 to approximately HKD 30.5 million in fiscal year 2024, attributed to favorable rates obtained from key customers[46]. - E-commerce business revenue decreased significantly from approximately HKD 83.4 million in fiscal year 2023 to approximately HKD 38.0 million in fiscal year 2024, due to changes in operational strategy leading to fewer B2C orders[47]. Expenses and Cost Management - Administrative and selling expenses decreased primarily due to reduced legal and professional fees, as well as a decrease in employee numbers and salary expenses[5]. - Total employee costs decreased to HKD 38,557,000 in 2024 from HKD 48,907,000 in 2023, reflecting a reduction of approximately 21%[31]. - The group incurred a total of HKD 27,472,000 in cost of sales for 2024, down from HKD 38,206,000 in 2023, representing a decrease of approximately 28%[31]. - Administrative and selling expenses reduced by approximately HKD 5.4 million from HKD 41.2 million in FY2023 to HKD 35.8 million in FY2024, due to decreased legal and professional fees and cost control measures[58]. Assets and Liabilities - Total assets decreased from HKD 68,963 million in 2023 to HKD 63,204 million in 2024, a decline of approximately 8.5%[9]. - Non-current assets increased significantly from HKD 36,415 million in 2023 to HKD 56,594 million in 2024, representing a growth of about 55.5%[9]. - Current liabilities rose from HKD 60,949 million in 2023 to HKD 78,841 million in 2024, an increase of approximately 29.4%[10]. - Total equity decreased from HKD 61,247 million in 2023 to HKD 42,869 million in 2024, a decline of around 30%[10]. - The company's borrowings increased from HKD 3,000 million in 2023 to HKD 11,323 million in 2024, an increase of approximately 277.4%[10]. - The company's total liabilities increased from HKD 60,949 million in 2023 to HKD 78,841 million in 2024, a rise of about 29.4%[10]. Strategic Initiatives - The company aims to restructure its financing sources to minimize interest expenses[5]. - The company is exploring new strategies for market expansion and product development to improve future performance[11]. - The company aims to enhance competitiveness through advanced technologies such as transportation and warehouse management systems and big data analytics[43]. - The management team is committed to strict cost control measures and strategic pricing adjustments to improve profitability[43]. - The company plans to continue careful management of costs and profit margins to seek ongoing improvements in the future[43]. Compliance and Governance - The board confirmed compliance with all corporate governance code provisions during the reporting period from January 1, 2024, to December 31, 2024[72]. - The audit committee has reviewed the consolidated financial statements for the fiscal year 2024 and confirmed compliance with applicable accounting standards and GEM listing rules[82]. - The company has implemented anti-corruption and reporting policies to promote a healthy corporate culture and high ethical standards[73]. Shareholder Communication - The company has adopted electronic communication arrangements for distributing company communications to shareholders, effective December 31, 2024[76]. - The company will publish its communications on its website and the Hong Kong Stock Exchange website[77]. - The company encourages shareholders to provide updated contact information to facilitate timely communication[78].

Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 125,692,000, a decrease of 4.3% from HKD 131,430,000 in the same period of 2023[6] - Gross profit for the same period was HKD 11,252,000, down 10.4% from HKD 12,558,000 year-on-year[6] - The company reported a loss before tax of HKD 8,259,000, an improvement from a loss of HKD 9,061,000 in the previous year[6] - Total comprehensive loss for the period was HKD 8,033,000, compared to HKD 9,325,000 in the prior year, indicating a reduction in losses[6] - Basic and diluted loss per share was HKD 1.33, slightly improved from HKD 1.52 in the same period last year[7] - Other income decreased significantly to HKD 364,000 from HKD 1,777,000, a decline of 79.5%[6] - The total segment performance for the six months ended June 30, 2024, was HKD 11,252,000, compared to HKD 12,558,000 for the same period in 2023, indicating a decline of approximately 10.4%[19] - The company reported a loss before tax of HKD 8,259,000 for the six months ended June 30, 2024, compared to a loss of HKD 9,061,000 for the same period in 2023[19] - The loss attributable to owners decreased from HKD 9.1 million to HKD 8.0 million, supported by increased revenue and gross profit from air freight and logistics services[49] Assets and Liabilities - Non-current assets decreased from HKD 36,415 million in 2023 to HKD 73,379 million in 2024, primarily due to an increase in right-of-use assets from HKD 20,989 million to HKD 58,102 million[8] - Current assets decreased from HKD 93,497 million in 2023 to HKD 86,579 million in 2024, with trade receivables declining from HKD 54,778 million to HKD 48,765 million[8] - Total liabilities increased from HKD 60,949 million in 2023 to HKD 76,217 million in 2024, driven by a rise in bank borrowings from HKD 3,000 million to HKD 8,200 million[8] - The company's net assets decreased from HKD 61,247 million in 2023 to HKD 53,214 million in 2024, reflecting a decline in reserves from HKD 54,881 million to HKD 46,847 million[9] - Cash and cash equivalents decreased from HKD 12,133 million in 2023 to HKD 10,458 million in 2024[12] - Trade payables decreased from HKD 24,923 million in 2023 to HKD 20,949 million in 2024[8] - As of June 30, 2024, the current ratio of the group decreased to 1.14 from 1.53 on December 31, 2023, due to the renewal of warehouse lease agreements and the acquisition of right-of-use assets[51] - The debt-to-equity ratio increased from 4.9% on December 31, 2023, to 15.4% on June 30, 2024, attributed to an increase in bank borrowings by HKD 5,200,000 during the period[51] - The total bank borrowings as of June 30, 2024, amounted to approximately HKD 8,200,000, with a floating interest rate between 6.44% and 6.78%[51] Operational Highlights - The company aims to enhance market expansion strategies and product development in the upcoming quarters[6] - Future outlook includes a focus on reducing operational costs and improving overall financial performance[6] - The company has expanded its e-commerce fulfillment services since 2019, establishing a cross-border logistics platform to meet growing demand from international customers[37] - The company aims to strengthen relationships with long-term suppliers and customers while expanding its service offerings to capture new business opportunities[38] - The economic outlook for Hong Kong in 2024 is challenging due to geopolitical tensions, high interest rates, and weak global demand, impacting recovery and consumer confidence[39] - The development of the Guangdong-Hong Kong-Macao Greater Bay Area is expected to enhance transportation network integration and promote rapid growth in air freight logistics across the region[39] - The online retail sector, currently accounting for less than 20% of total global retail sales, presents significant growth potential for the logistics industry[39] Revenue Breakdown - The air freight segment generated external sales of HKD 43,979,000, while the sea freight segment generated HKD 14,658,000, contributing to a total of HKD 125,692,000 in revenue[18] - The logistics and warehousing segment reported external sales of HKD 42,771,000, and the e-commerce segment reported HKD 24,284,000 for the six months ended June 30, 2024[18] - Air freight agency service revenue increased by HKD 10.1 million to HKD 44.0 million, driven by increased air freight tonnage and higher air freight rates due to supply shortages[41] - Sea freight agency service revenue rose by HKD 2.5 million to HKD 14.7 million, although this was partially offset by a decrease in freight volume due to intense competition[42] - E-commerce revenue decreased significantly by 43.0% from HKD 42.6 million to HKD 24.3 million, attributed to a reduction in order numbers from clients due to changes in their market strategies[41] Cost Management - The company incurred financing costs of HKD 1,952,000, down from HKD 3,362,000 in the previous year, reflecting a decrease of 42%[6] - The total employee costs for the six months ended June 30, 2024, were HKD 19,824,000, down from HKD 28,044,000 for the same period in 2023[25] - Administrative and selling expenses decreased by HKD 1.8 million to HKD 17.9 million, primarily due to cost control measures and renegotiated service fees[47] - Financing costs decreased by HKD 1.4 million to HKD 2.0 million, mainly due to reduced interest expenses on bank loans and other borrowings[48] Shareholder Information - As of June 30, 2024, the company has issued a total of 600,000,000 shares[66] - Major shareholder Million Venture Holdings Limited holds 170,300,000 shares, representing approximately 28.38% of the total equity[67] - The company has a stock option plan that allows for the issuance of up to 49,500,000 shares, which is 8.25% of the total shares as of January 1 and June 30, 2024[70] - As of June 30, 2024, a total of 3,000,000 stock options remain unexercised, which represents about 0.5% of the total shares[70] - No stock options were exercised, canceled, or expired during the reporting period[71] - The company has not entered into any arrangements that would allow directors to benefit from purchasing shares or bonds of the company or its subsidiaries[72] - There are no significant contracts in which directors have a substantial interest as of June 30, 2024[73] Governance and Compliance - The audit committee has reviewed the unaudited condensed consolidated financial statements and believes they comply with applicable accounting standards and GEM listing rules[76] - The audit committee consists of three independent non-executive directors, with Mr. Mei Yi He serving as the chairman[76] - The company appointed Mr. Lo Wai Wah as an executive director on March 1, 2024[66] - No significant changes have occurred since the publication of the 2023 annual report[75]

Financial Performance - Janco Holdings Limited reported its interim results for the six months ended June 30, 2024, with unaudited consolidated performance[1]. - Revenue for the six months ended June 30, 2024, was HKD 125,692,000, a decrease of 4.0% compared to HKD 131,430,000 for the same period in 2023[8]. - Gross profit for the same period was HKD 11,252,000, down 10.4% from HKD 12,558,000 in 2023[8]. - The company reported a net loss of HKD 7,998,000 for the six months ended June 30, 2024, an improvement from a net loss of HKD 9,318,000 in 2023, representing a 21.0% reduction in losses[9]. - Basic and diluted loss per share was HKD 1.33, compared to HKD 1.52 for the same period in 2023, indicating a 12.5% improvement[9]. - The company reported other income of HKD 364,000, significantly lower than HKD 1,777,000 in the previous year, marking a decrease of 79.5%[8]. - The company reported a loss before tax of HKD 8,259,000 for the six months ended June 30, 2024, compared to a loss of HKD 9,061,000 for the same period in 2023, indicating a slight improvement[20]. - The group recorded a loss attributable to owners of HKD 8.0 million, a decrease of HKD 1.1 million from HKD 9.1 million, due to increased revenue and gross profit from air freight and logistics services[51]. Assets and Liabilities - Total assets less current liabilities increased to HKD 83,741,000 as of June 30, 2024, compared to HKD 68,963,000 at the end of 2023[10]. - Non-current liabilities rose significantly to HKD 30,527,000 from HKD 7,716,000 at the end of 2023, primarily due to an increase in lease liabilities[11]. - The company’s total equity decreased to HKD 53,214,000 from HKD 61,247,000 at the end of 2023, indicating a decline of 13.1%[11]. - The company’s cash and bank balances decreased to HKD 10,458,000 from HKD 11,699,000 at the end of 2023[10]. - Trade receivables decreased to HKD 48,765,000 from HKD 54,778,000, reflecting an 11.0% reduction[10]. - The company reported trade payables of HKD 20,949,000 as of June 30, 2024, a decrease of 16% from HKD 24,923,000 as of December 31, 2023[35]. - The current ratio decreased from 1.53 times as of December 31, 2023, to 1.14 times as of June 30, 2024, due to the renewal of warehouse lease agreements[53]. - The debt-to-equity ratio increased from 4.9% to 15.4% as of June 30, 2024, due to an increase in bank borrowings by HKD 5.2 million[53]. Revenue Segments - The segment performance for air freight agency generated a profit of HKD 3,304,000, while logistics and warehousing generated HKD 5,079,000, and e-commerce generated HKD 1,680,000, totaling HKD 11,252,000 for the six months ended June 30, 2024[20]. - External sales from the air freight segment amounted to HKD 43,979,000, while the logistics and warehousing segment generated HKD 42,771,000, and e-commerce generated HKD 24,284,000 for the six months ended June 30, 2024[20]. - Air freight agency service revenue increased by HKD 10.1 million to HKD 44.0 million, driven by increased air freight tonnage and higher rates due to supply shortages[43]. - Sea freight agency service revenue rose by HKD 2.5 million to HKD 14.7 million, although this was partially offset by a decrease in freight volume due to intense competition[44]. - Logistics and warehousing service revenue slightly increased by HKD 0.1 million to HKD 42.8 million, showing no significant change[44]. - E-commerce revenue decreased significantly by HKD 18.3 million to HKD 24.3 million, attributed to a reduction in order numbers from clients due to changes in their market strategies[44]. Cost Management - Total employee costs for the period were HKD 19,824,000, down 29.5% from HKD 28,044,000 in the previous year, reflecting cost-cutting measures[27]. - Administrative and selling expenses decreased by HKD 1.8 million from HKD 19.7 million to HKD 17.9 million, due to negotiated lower service fees and cost control measures[49]. - Financing costs reduced by HKD 1.4 million from HKD 3.4 million to HKD 2.0 million, primarily due to decreased interest expenses on bank loans and other borrowings[50]. - The management team is focused on implementing strict cost control measures and strategic pricing adjustments to improve profitability[42]. Corporate Governance - The company has a structured board with various committees, including an Audit Committee and a Remuneration Committee, ensuring governance and oversight[6]. - The company has established an audit committee to review and monitor its financial reporting system and internal controls[78]. - The audit committee consists of three independent non-executive directors, with Mr. Mei Yihwa serving as the chairman[78]. - The company has complied with the corporate governance code as per GEM Listing Rules during the reporting period[77]. Shareholder Information - As of June 30, 2024, the major shareholder, Million Venture Holdings Limited, held 170,300,000 shares, representing approximately 28.38% of the total shares[69]. - The company’s directors and key executives held a total of 2,500,000 shares, accounting for approximately 0.41% of the total shares[66]. - The company has a stock option plan, with 750,000 options granted to certain directors, representing approximately 0.25% of the total shares[67]. - A total of 3,000,000 share options have been granted but not exercised as of June 30, 2024, which represents approximately 0.5% of the total issued shares[72]. Future Outlook - The company aims to enhance local delivery and warehousing management services in response to changing market dynamics[42]. - The development of the Guangdong-Hong Kong-Macao Greater Bay Area is expected to facilitate rapid growth in air freight logistics across the region[41]. - The company recognizes the potential for e-commerce to drive growth in the logistics industry, as online sales currently account for less than 20% of global retail[41]. - The company has not disclosed any future plans for significant investments or acquisitions[62].

Revenue Performance - The total revenue for the logistics and warehousing services decreased from HKD 158.8 million in the 2022 fiscal year to HKD 81.5 million in the 2023 fiscal year, a decline of HKD 77.3 million[16]. - The total revenue for freight forwarding services was HKD 238.5 million in the 2023 fiscal year, down from HKD 439.2 million in the 2022 fiscal year, representing a decrease of approximately 45.7%[18]. - E-commerce revenue was HKD 72.3 million in the 2023 fiscal year, down from HKD 131.4 million in the previous year, indicating a decline of approximately 45%[18]. - The company's revenue decreased by 48.2% from HKD 512.7 million in the fiscal year 2022 to HKD 265.6 million in the fiscal year 2023, primarily due to reduced earnings from various operating segments[190]. - Air freight agency service revenue fell from HKD 120.3 million in fiscal year 2022 to HKD 77.6 million in fiscal year 2023, a decrease of 35.5%[190]. - Sea freight agency service revenue dropped significantly from HKD 93.1 million in fiscal year 2022 to HKD 23.1 million in fiscal year 2023, a decline of 75.2%[190]. Profitability - The gross profit margin decreased from 14.3% in the 2022 fiscal year to 10.2% in the 2023 fiscal year, a reduction of 4.1 percentage points[19]. - Gross profit decreased by 63.1% from HKD 73.5 million in fiscal year 2022 to HKD 27.1 million in fiscal year 2023, attributed to reduced earnings and lower gross margins[193]. - The gross profit for e-commerce services increased to HKD 11.1 million in the 2023 fiscal year, with a gross profit margin of 13.3%[20]. - The group recorded a loss attributable to the owners of the company of HKD 18.2 million for the fiscal year 2023, compared to a profit of HKD 4.5 million in the fiscal year 2022[40]. Cost Management - Administrative and selling expenses decreased from HKD 69.2 million in the 2022 fiscal year to HKD 41.2 million in the 2023 fiscal year, a reduction of approximately 40.5%[22]. Financial Position - The company reported a significant reduction in interest-bearing bank borrowings from approximately HKD 113.7 million in 2022 to about HKD 3.0 million in 2023[26]. - As of December 31, 2023, the group's cash and cash equivalents amounted to approximately HKD 11.7 million, an increase from approximately HKD 8.4 million in 2022[157]. - The group's current ratio improved to 1.53 times as of December 31, 2023, compared to 1.14 times on December 31, 2022, due to better working capital management during the fiscal year[157]. - As of December 31, 2023, the group had pledged bank deposits of HKD 16.0 million as collateral for bank loans and financing[44]. Corporate Governance - The board consists of seven members, including two executive directors, one non-executive director, and four independent non-executive directors[56]. - The board has established mechanisms to ensure independent views and opinions are obtained, encouraging independent non-executive directors to actively participate in board meetings[37]. - The audit committee consists of three independent non-executive directors, ensuring compliance with GEM listing rules[95]. - The board of directors is responsible for corporate governance functions, including policy formulation and compliance with legal regulations[90]. - The company secretary has extensive experience in finance and accounting, contributing to effective corporate governance[83]. - The board has appointed independent non-executive directors, exceeding one-third of the total board members, to enhance governance[87]. - The company has established a strict anti-discrimination and equal opportunity policy for employment and promotion[76]. - The board plans to hold at least four regular meetings annually, ensuring adequate notice and preparation time for directors[88]. - The company emphasizes board diversity, considering factors such as gender, age, cultural background, and professional qualifications in its selection process[104]. Shareholder Engagement - Shareholders are encouraged to attend annual general meetings and vote, with voting results published on the stock exchange and the company's website[111]. - The company has a communication policy to facilitate timely and effective communication with shareholders, including the distribution of company communications via email or mail[116]. Strategic Focus - The company plans to focus on local transportation services and warehouse management in 2024, recognizing the need for emerging technologies like big data and analytics to enhance competitiveness[199]. - Management aims to continuously review business strategies and improve operational efficiency to achieve sustainable growth and long-term value for shareholders[188]. - The company is strategically expanding its logistics and warehousing services to meet the growing demand for customized value-added logistics solutions[196]. - The rise of online retail indicates significant growth potential for the logistics industry, with e-commerce currently accounting for less than 20% of total global retail sales[8]. - The development of the Guangdong-Hong Kong-Macao Greater Bay Area is expected to facilitate the integration of transportation networks, promoting rapid growth in air freight logistics[197]. Risk Management - The company has no foreign exchange hedging policy, as its operations are primarily conducted in HKD and USD, minimizing foreign exchange risk[27]. - The group has implemented a conservative funding and treasury policy to protect asset value and avoid unnecessary risks, holding no financial instruments other than bank deposits[41]. - The company has a comprehensive internal control and risk management system in place to safeguard its assets[78]. Dividend Policy - The company has adopted a dividend policy that considers financial performance, cash flow, and overall business conditions before declaring dividends[117]. - The board has the discretion to decide on dividend payments, which are subject to shareholder approval[117]. - The company will regularly review and reassess its dividend policy and its effectiveness[117].

Financial Performance - For the fiscal year ending December 31, 2023, the group's revenue was approximately HKD 265.6 million, a decrease of about 48.2% compared to HKD 512.7 million for the fiscal year ending December 31, 2022[8]. - The company reported a loss attributable to shareholders of approximately HKD 18.2 million for the fiscal year 2023, compared to a profit of approximately HKD 4.5 million for the fiscal year 2022[8]. - The decline in revenue was primarily due to reduced gross profit from air and sea freight agency services, impacted by the COVID-19 pandemic and economic downturn, leading to lower freight charges collected from customers[8]. - Total revenue for 2023 was HKD 265,640,000, a decrease of 48.3% compared to HKD 512,672,000 in 2022[10]. - Gross profit for 2023 was HKD 27,123,000, down 63.1% from HKD 73,488,000 in 2022[10]. - The net loss attributable to the company for 2023 was HKD 18,173,000, compared to a profit of HKD 4,452,000 in 2022[11]. - The basic loss per share for 2023 was HKD 3.03, compared to a profit of HKD 0.74 per share in 2022[11]. - The total comprehensive loss for 2023 was HKD 18,518,000, compared to a comprehensive income of HKD 5,536,000 in 2022[11]. - The group reported a pre-tax loss of HKD 18,743,000 for the year ended December 31, 2023, compared to a pre-tax profit of HKD 7,126,000 in the previous year[33]. - The group recorded a loss attributable to owners of the company of HKD 18.2 million in fiscal year 2023, compared to a profit of HKD 4.5 million in fiscal year 2022[75]. Revenue Breakdown - The external sales breakdown included HKD 77,559,000 from air freight, HKD 23,150,000 from sea freight, HKD 81,542,000 from logistics and warehousing, and HKD 83,389,000 from e-commerce[33]. - Revenue from air freight agency services decreased from HKD 120.3 million in fiscal year 2022 to HKD 77.6 million in fiscal year 2023, a decline of 35.5%[65]. - Revenue from sea freight agency services dropped significantly from HKD 93.1 million in fiscal year 2022 to HKD 23.1 million in fiscal year 2023, a decrease of 75.2%[66]. - Logistics and warehousing services revenue fell from HKD 158.8 million in fiscal year 2022 to HKD 81.5 million in fiscal year 2023, a decline of 48.7%[66]. - E-commerce revenue decreased from HKD 140.4 million in fiscal year 2022 to HKD 83.4 million in fiscal year 2023, a reduction of 40.5%[66]. Expenses and Cost Management - Administrative and selling expenses decreased to HKD 41,189,000 in 2023 from HKD 69,216,000 in 2022, a reduction of 40.5%[10]. - Total sales costs decreased by 45.7% from HKD 439.2 million in fiscal year 2022 to HKD 238.5 million in fiscal year 2023[68]. - Total employee costs decreased to HKD 48,907,000 in 2023 from HKD 60,541,000 in 2022, representing a reduction of approximately 19.3%[41]. - The group incurred a total of HKD 3,832,000 in depreciation for property, plant, and equipment in 2023, down from HKD 4,127,000 in 2022[36]. Assets and Liabilities - Total assets decreased from HKD 286,467 million in 2022 to HKD 93,497 million in 2023, a decline of approximately 67.4%[13]. - Current liabilities decreased from HKD 252,263 million in 2022 to HKD 60,949 million in 2023, a reduction of about 75.8%[15]. - Net assets decreased from HKD 81,836 million in 2022 to HKD 61,247 million in 2023, representing a decline of approximately 25.2%[15]. - The company's total liabilities decreased from HKD 252,263 million in 2022 to HKD 60,949 million in 2023, a reduction of approximately 75.8%[15]. - The company's total current assets decreased from HKD 34,204 million in 2022 to HKD 32,548 million in 2023, a decline of about 4.8%[15]. - The company's total non-current assets decreased from HKD 64,368 million in 2022 to HKD 36,415 million in 2023, a decrease of approximately 43.4%[13]. Corporate Governance and Compliance - The group has established a strong corporate culture and anti-corruption policies to promote ethical standards and sustainable development[97]. - The group has complied with all corporate governance code provisions during the 2023 financial year[95]. - The audit committee has reviewed the consolidated financial statements for the fiscal year 2023 and confirmed compliance with applicable accounting standards and GEM listing rules[109]. - The announcement complies with GEM listing rules, ensuring the accuracy and completeness of the information provided[115]. Future Outlook and Strategy - The company is focused on recovering from the impacts of the pandemic and improving operational efficiency moving forward[8]. - The company plans to focus on new product development and market expansion strategies moving forward[10]. - The company aims to adjust its business focus towards local transportation services and warehousing management in 2024, leveraging emerging technologies[61]. - The rise of online retail indicates significant growth potential for e-commerce, with current online retail accounting for less than 20% of total global retail[61]. Shareholder Information - The company did not declare any dividends for the two years, and there are no plans to declare dividends as of the report date[40]. - The annual general meeting is scheduled for June 21, 2024, with a suspension of share registration from June 18 to June 21, 2024[107]. - The company encourages shareholders to provide updated contact information to facilitate timely communication[103]. - The company will send printed versions of company communications upon request from shareholders[102]. Miscellaneous - The company did not report any significant new product or technology developments during the fiscal year[8]. - There were no announcements regarding market expansion or mergers and acquisitions in the fiscal year 2023[8]. - The company has undergone a group reorganization, impacting its capital structure and reserves[18]. - The company is subject to the financial reporting standards set by the Hong Kong Institute of Certified Public Accountants, which may affect future financial disclosures[20].

Financial Performance - For the three months ended September 30, 2023, the company reported revenue of HKD 64,056,000, a decrease of 45.5% compared to HKD 117,035,000 for the same period in 2022[9]. - The gross profit for the nine months ended September 30, 2023, was HKD 19,354,000, down 63.5% from HKD 52,960,000 in the previous year[9]. - The company incurred an operating loss of HKD 8,433,000 for the nine months ended September 30, 2023, compared to an operating profit of HKD 12,066,000 in the same period of 2022[9]. - The net loss attributable to owners for the nine months ended September 30, 2023, was HKD 13,381,000, compared to a profit of HKD 7,113,000 in the previous year[9]. - Basic loss per share for the nine months ended September 30, 2023, was HKD (2.23), compared to earnings of HKD 1.19 for the same period in 2022[9]. - The company reported total comprehensive loss of HKD 13,515,000 for the nine months ended September 30, 2023, compared to total comprehensive income of HKD 6,834,000 in the previous year[9]. - Interest income for the nine months ended September 30, 2023, was HKD 1,816,000, a decrease from HKD 2,169,000 in the same period of 2022[9]. - For the nine months ended September 30, 2023, total revenue was HKD 195,486,000, a decrease of 48.3% compared to HKD 379,079,000 for the same period in 2022[18]. - The company reported a total comprehensive loss of HKD 13,393,000 for the nine months ended September 30, 2023, compared to a loss of HKD 2,287,000 in the same period of 2022[10]. - For the nine months ended September 30, 2023, the company reported a loss attributable to shareholders of HKD 13,381,000, compared to a profit of HKD 7,113,000 for the same period in 2022, representing a significant decline[22]. - Total revenue decreased by 48.4% from HKD 379.1 million for the nine months ended September 30, 2022, to HKD 195.5 million for the same period in 2023[31]. - The gross profit for the nine months ended September 30, 2023, was HKD 19.4 million, a decrease of 63.4% from HKD 53.0 million in the same period of 2022[34]. - The gross profit margin declined from 14.0% for the nine months ended September 30, 2022, to 9.9% for the same period in 2023, reflecting challenges in the logistics sector[35]. - The group recorded a loss attributable to owners of HKD 13.4 million, compared to a profit of HKD 7.1 million for the nine months ended September 30, 2022[39]. Revenue Breakdown - Air freight agency service revenue for the nine months was HKD 53,682,000, down 45.3% from HKD 98,796,000 in 2022[18]. - Sea freight agency service revenue decreased by 78.4% to HKD 18,070,000 from HKD 83,495,000 year-on-year[18]. - Logistics and warehousing service revenue fell by 37.0% to HKD 63,526,000 compared to HKD 100,607,000 in the previous year[18]. - E-commerce fulfillment service revenue and others decreased by 37.4% to HKD 60,208,000 from HKD 96,181,000 in 2022[18]. - Revenue from air freight agency services dropped by 45.1% to HKD 53.7 million, while revenue from sea freight agency services fell by 78.3% to HKD 18.1 million[31]. Cost Management - Administrative and selling expenses for the nine months ended September 30, 2023, were HKD 29,332,000, down from HKD 45,678,000 in the previous year, indicating a cost reduction strategy[9]. - The company experienced a decrease in sales cost to HKD 176,132,000 for the nine months ended September 30, 2023, from HKD 326,119,000 in the previous year, reflecting improved cost management[9]. - Administrative and selling expenses decreased from HKD 45.7 million to HKD 29.3 million, a reduction of approximately HKD 16.4 million[38]. Strategic Focus - The company is focusing on strategic initiatives to enhance operational efficiency and market presence amid challenging market conditions[8]. - The company plans to continue investing in cold chain logistics solutions and e-commerce fulfillment services to meet growing demand[29]. - Management is focused on strict cost control and pricing adjustments to enhance profitability despite challenging market conditions[29]. - The company aims to leverage its logistics expertise to capture new business opportunities and strengthen relationships with suppliers and clients[28]. - The overall business outlook remains challenging, with cautious expectations regarding rising fuel and labor costs[29]. - The decline in revenue was primarily due to a slow recovery in freight volume and a significant drop in container prices, impacting air and sea freight services[39]. Corporate Governance and Compliance - The company has complied with the corporate governance code under the GEM listing rules during the reporting period[66]. - The audit committee has been established to review and monitor the financial reporting system, risk management, and internal control systems of the group[69]. - The audit committee consists of three independent non-executive directors, with Mr. Mei Yihwa serving as the chairman[69]. - The unaudited condensed consolidated financial statements for the period have been reviewed and deemed compliant with applicable accounting standards and GEM listing rules[69]. - The company is committed to full disclosure in accordance with applicable laws and regulations[69]. - The financial statements have been prepared in accordance with the relevant accounting standards and regulations[69]. - The report is part of the company's ongoing commitment to transparency and accountability in financial reporting[70]. Shareholder Information - Major shareholders include Million Venture Holdings Limited, holding 28.38% of shares, and Chen Zhencheng, holding 10%[51]. - As of September 30, 2023, a total of 3,000,000 stock options have been granted under the stock option plan, which remain unexercised[55]. - The stock option plan allows for the issuance of up to 60,000,000 shares, representing 10% of the total shares issued on the listing date[54]. - No stock options were exercised during the reporting period[58]. - The company is considering revising the stock option plan to comply with the new GEM listing rules effective January 1, 2023[60]. - The company has not entered into any arrangements that would allow directors to benefit from purchasing shares or bonds of the company or any other entity[61]. Lease and Meetings - A lease renewal agreement has been established for a property, effective from January 1, 2024, to December 31, 2026, with an option to renew for an additional three years[68]. - The company will hold a special general meeting on November 24, 2023, to seek shareholder approval for the lease renewal agreement[68]. Other Information - The company did not recognize any Hong Kong profits tax provision during the period due to no taxable profits generated in Hong Kong[20]. - The company’s capital reserve includes profits generated from air and sea freight agency services prior to July 1, 2015, amounting to HKD 17,659,000[12]. - The company’s share capital remained unchanged at HKD 6,000,000 as of September 30, 2023[10]. - The company has not declared or proposed any dividends for the nine months ended September 30, 2023, consistent with the previous year[23]. - The company decided not to declare an interim dividend for the period, consistent with the previous year[41]. - There were no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the period[43]. - No purchases, redemptions, or sales of the company's listed securities were made by the company or its subsidiaries during the period[44]. - There have been no significant changes since the publication of the company's 2022 annual report[64].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容 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 就本公佈全部或任何部分內容而產生或因依賴該等內容而引致的任何損 失承擔任何責任。 Janco Holdings Limited 駿 高 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：8035） 截 至2023年9月30日 止 九 個 月 的 季 度 業 績 公 佈 駿高控股有限公司（「本公司」，連同其附屬公司統稱為「本集團」）董事（「董事」） 會（「董事會」）欣然宣佈本集團截至2023年9月30日止九個月的未經審核簡 明綜合業績（「季度業績」）。季度業績未經本公司獨立核數師審核，惟已由 董事會審核委員會審閱。本公佈載有本公司截至2023年9月30日止九個月 的 季 度 報 告（「季 度 報 告」）全 文，符 合 香 港 聯 合 交 易 所 有 限 公 司GEM證 券 上市規則（「GEM上市規則」）有關隨季度業績初步公佈附奉資料的相關規定。 季度報告的印刷版將適時按GEM上市規則規定的方式寄發予本公司股東， 並可於聯交所網站www.hkexnews.hk 及本公 ...

Financial Performance - For the six months ended June 30, 2023, the company reported total revenue of HKD 131,430,000, a decrease of 49.8% compared to HKD 262,044,000 for the same period in 2022[9]. - The gross profit for the six months was HKD 12,558,000, down 61.9% from HKD 32,937,000 in the previous year[9]. - The company incurred a loss of HKD 9,318,000 for the six months, compared to a profit of HKD 2,602,000 in the same period of 2022, representing a significant decline[10]. - Basic and diluted loss per share for the six months was HKD 1.52, compared to earnings of HKD 0.61 per share in the prior year[10]. - The total comprehensive loss for the six months was HKD 9,325,000, compared to a total comprehensive income of HKD 2,565,000 in the same period of 2022[10]. - The company reported a pre-tax loss of HKD 9,061,000 for the six months ended June 30, 2023, compared to a pre-tax profit of HKD 3,190,000 for the same period in 2022[26][32]. - The company recorded a loss attributable to owners of HKD 9.1 million for the period, compared to a profit of HKD 3.7 million for the six months ended June 30, 2022[66]. Revenue Breakdown - The segment performance for air freight, sea freight, logistics and warehousing, and e-commerce for the six months ended June 30, 2023, was HKD 1,683,000, HKD 1,354,000, HKD 4,351,000, and HKD 5,170,000 respectively, totaling HKD 12,558,000[26]. - The segment revenue from external sales for air freight, sea freight, logistics and warehousing, and e-commerce for the six months ended June 30, 2023, was HKD 33,941,000, HKD 12,170,000, HKD 42,674,000, and HKD 42,645,000 respectively[26]. - Air freight agency service revenue fell by 44.4% from HKD 78.3 million to HKD 33.9 million, while sea freight agency service revenue dropped by 51.3% from HKD 63.5 million to HKD 12.2 million[59]. - Logistics and warehousing service revenue decreased by HKD 17.5 million to HKD 42.7 million, attributed to the completion of government contracts in January 2023[59]. Expenses and Costs - Administrative and selling expenses for the six months were HKD 19,695,000, down 34.3% from HKD 30,094,000 in 2022[9]. - The total employee costs for the six months ended June 30, 2023, were HKD 28,044,000, down from HKD 33,788,000 in the same period of 2022, indicating a reduction of approximately 17%[32]. - Employee costs decreased to HKD 28.0 million from HKD 33.8 million for the same period last year, attributed to a reduction in headcount[78]. Assets and Liabilities - As of June 30, 2023, total assets decreased to HKD 268,926 thousand from HKD 350,835 thousand as of December 31, 2022, representing a decline of approximately 23.3%[12]. - Total equity decreased to HKD 72,511 thousand as of June 30, 2023, from HKD 81,836 thousand as of December 31, 2022, a decrease of about 11.4%[13]. - The company’s total liabilities decreased to HKD 181,967 thousand from HKD 252,263 thousand, reflecting a decline of approximately 27.7%[12]. - The company’s non-current liabilities decreased to HKD 14,448 thousand from HKD 16,736 thousand, a reduction of about 13.7%[13]. Cash Flow - Net cash generated from operating activities for the six months ended June 30, 2023, was HKD 21,573 thousand, down from HKD 26,920 thousand in the same period of 2022, a decline of approximately 19.3%[17]. - The company’s financing activities used a net cash of HKD 27,594 thousand, compared to HKD 24,156 thousand in the previous year, indicating an increase in cash outflow of approximately 10.1%[17]. Future Outlook and Strategy - The company is focusing on enhancing e-commerce fulfillment services and cold chain logistics solutions to meet growing demand[57]. - Future outlook remains cautious due to rising fuel and labor costs, but the company anticipates benefits from the gradual recovery of the Hong Kong economy[57]. - The company plans to invest heavily in robotic-assisted systems to improve operational efficiency and expand e-commerce fulfillment services[57]. - The company aims to continue strict cost control and pricing adjustments to enhance profitability while reviewing business strategies for sustainable growth[57]. Corporate Governance and Compliance - The company has complied with the corporate governance code as per GEM listing rules during the reporting period[105]. - The audit committee has reviewed the unaudited condensed consolidated financial statements and confirmed compliance with applicable accounting standards and GEM listing rules[108]. - The company will publish this report on its website and the Hong Kong Stock Exchange website for at least seven days from the publication date[109].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容 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 就本公佈全部或任何部分內容而產生或因依賴該等內容而引致的任何損 失承擔任何責任。 Janco Holdings Limited 駿 高 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：8035） 截 至2023年6月30日 止 六 個 月 的 中 期 業 績 公 佈 駿高控股有限公司（「本公司」，連同其附屬公司統稱為「本集團」）董事（「董事」） 會（「董事會」）欣然宣佈本集團截至2023年6月30日止六個月的未經審核簡 明綜合業績（「中期業績」）。中期業績未經本公司獨立核數師審核，惟已由 董事會審核委員會審閱。本公佈載有本公司截至2023年6月30日止六個月 的 中 期 報 告（「中 期 報 告」）全 文，符 合 香 港 聯 合 交 易 所 有 限 公 司GEM證 券 上市規則（「GEM上市規則」）有關隨中期業績初步公佈附奉資料的相關規定。 中期報告的印刷版將適時按GEM上市規則規定的方式寄發予本公司股東， 並可於聯交所網站www.hkexnews.hk 及本公 ...

Financial Performance - For the first quarter of 2023, the company reported revenue of HKD 135,033,000, a significant increase from HKD 71,185,000 in the same period of 2022, representing an increase of approximately 90%[9] - The gross profit for the first quarter of 2023 was HKD 18,527,000, compared to HKD 6,981,000 in the previous year, indicating a growth of about 165%[9] - The company recorded a net profit of HKD 4,046,000 for the first quarter of 2023, a turnaround from a net loss of HKD 4,631,000 in the first quarter of 2022[9] - Basic earnings per share for the first quarter of 2023 were HKD 0.75, compared to a loss per share of HKD 0.78 in the same quarter of the previous year[9] - The total comprehensive income for the first quarter of 2023 was HKD 4,009,000, compared to a total comprehensive loss of HKD 4,629,000 in the first quarter of 2022[9] - The company reported a loss attributable to owners of HKD 4,686,000 for the three months ended March 31, 2023, compared to a profit of HKD 4,487,000 in the same period of 2022[21] - The basic and diluted loss per share for the period was calculated based on 600,000,000 shares, unchanged from the previous year[21] Revenue Breakdown - For the three months ended March 31, 2023, total revenue was HKD 71,185,000, a decrease of 47.3% compared to HKD 135,033,000 for the same period in 2022[19] - Air freight agency services generated revenue of HKD 19,988,000, down 44.1% from HKD 35,787,000 in the previous year[19] - Sea freight agency services revenue fell by 79.8% to HKD 7,911,000 from HKD 39,103,000 year-on-year[19] - Logistics and warehousing services revenue decreased by 28.7% to HKD 23,516,000 compared to HKD 32,987,000 in 2022[19] - E-commerce fulfillment services and others brought in HKD 19,770,000, down 27.2% from HKD 27,156,000 in the prior year[19] Expenses and Costs - The company's administrative and selling expenses increased to HKD 13,034,000 in the first quarter of 2023 from HKD 11,161,000 in the same period of 2022, reflecting a rise of approximately 17%[9] - Financing costs decreased to HKD 1,190,000 in the first quarter of 2023 from HKD 2,135,000 in the previous year, a reduction of about 44%[9] - Administrative and selling expenses decreased from HKD 13.0 million to HKD 11.2 million, mainly due to reduced legal and expert fees[36] Shareholder Information - As of March 31, 2023, the company has a total of 600,000,000 shares issued, with major shareholders holding 26% (156,000,000 shares) by Million Venture Holdings Limited and 10% (60,000,000 shares) by Mr. Chan Chun Sing[50] - The company has granted a total of 3,000,000 share options under the share option scheme, which remains unexercised as of March 31, 2023[52] - The exercise price for the share options granted to directors is HKD 0.2066, with an exercise period until June 23, 2030[53] - The company is considering revising its share option scheme to comply with the amended GEM Listing Rules effective January 1, 2023[55] - The company’s share option plan allows for the issuance of options to subscribe for up to 60,000,000 shares, which is 10% of the total shares issued at the time of listing[52] Corporate Governance - The company has complied with the corporate governance code as per GEM Listing Rules Appendix 15 during the reporting period[60] - The audit committee has reviewed the unaudited condensed consolidated financial statements for the period and confirmed compliance with applicable accounting standards[64] - The audit committee consists of three independent non-executive directors, with Mr. Mei Yi He serving as the chairman[62] - The company has established an audit committee to assist the board in monitoring financial reporting and risk management[62] Strategic Focus - The company continues to focus on enhancing its logistics services to meet increasing customer demands for customized value-added logistics solutions[24] - The company has expanded into e-commerce fulfillment services since 2019, responding to growing international demand for cross-border logistics activities[25] - The company plans to continue investing heavily in robotic-assisted systems to enhance operational efficiency and expand e-commerce fulfillment services[28] - The management remains cautious about rising fuel and labor costs as well as interest expenses[28] - The company aims to maintain strict cost control and implement pricing adjustments to improve profitability[28] Other Disclosures - No dividends were declared or proposed for the three months ended March 31, 2023, consistent with the previous year[22] - No interim dividend was recommended for the period[39] - The company has no knowledge of any business or interests that may directly or indirectly compete with its operations during the reporting period[59] - No major contracts involving significant interests of directors were present as of March 31, 2023[58] - There were no significant matters requiring disclosure from March 31, 2023, to the report date[61] - There were no significant new strategies or market expansions reported during the period[63] - The company has not disclosed any new products or technologies under development in the reporting period[63] - The company has maintained transparency in its financial reporting and disclosure processes[64]