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荟萃国际(控股)(08041) - 2019 Q3 - 季度财报
2019-05-10 10:45
Financial Performance - For the nine months ended March 31, 2019, the company reported a revenue of HKD 110,262,000, a decrease of 8.5% compared to HKD 115,530,000 for the same period in 2018[7]. - The gross profit for the nine months ended March 31, 2019, was HKD (8,064,000), compared to HKD (19,464,000) for the same period in 2018, indicating an improvement in loss[7]. - The operating loss for the nine months ended March 31, 2019, was HKD 17,677,000, a significant reduction from HKD 73,466,000 in the previous year[7]. - The company recorded a net profit of HKD 1,261,000 for the three months ended March 31, 2019, compared to a loss of HKD (52,736,000) for the same period in 2018[9]. - The total comprehensive income for the nine months ended March 31, 2019, was HKD (17,894,000), an improvement from HKD (73,169,000) in the previous year[9]. - Basic earnings per share for the nine months ended March 31, 2019, was HKD 0.009, compared to a loss of HKD (1.034) for the same period in 2018[7]. - The company reported a loss attributable to owners of approximately HKD 14,501,000 for the nine months ended March 31, 2019, a decrease of 77% compared to a loss of HKD 62,209,000 for the same period in 2018[33]. - Total revenue for the nine months ended March 31, 2019, was approximately HKD 110,262,000, representing a decrease of about 5% from HKD 115,530,000 in the same period of 2018[33]. Segment Performance - The swimwear and apparel segment generated revenue of approximately HKD 34,502,000, down from HKD 52,409,000 in the same period of 2018, with a gross loss of HKD 11,622,000[33]. - The trading and online shopping segment reported revenue of approximately HKD 75,630,000, an increase from HKD 62,924,000 in the same period of 2018, with a gross profit of HKD 3,427,000[34]. - The lending segment generated revenue of approximately HKD 131,000, with a gross profit margin of 100% for the nine months ended March 31, 2019[36]. Business Strategy and Operations - The company is engaged in the production and trading of high-end swimwear and apparel products, as well as online shopping and media-related services[15]. - The company has not disclosed any new product launches or technological developments during this reporting period[15]. - There are no updates on market expansion or mergers and acquisitions mentioned in the report[15]. - The company implemented effective cost control measures to manage its business cost structure during the period[38]. - The company maintained a cautious approach towards business expansion while seeking different revenue sources[38]. - The swimwear and apparel segment continues to see a decline in high-end product orders due to intense market competition, prompting the company to actively seek new customers and product opportunities[40]. - The trading and online shopping segment, which began in June 2017 with a second-hand mobile phone trading business, has stable customer demand, and the company will continue to explore other opportunities in this area[40]. - The company has obtained a lending license in July 2017 and commenced lending operations in August 2017 as part of its diversification strategy[41]. - The company is considering diversifying its business, including investing in financial instruments to optimize cash management and ensure cash availability[41]. Shareholder Information - Major shareholders include Liu Zhi Yuan with 1,490,741,995 shares (21.83%), JL Investments with 1,416,741,995 shares (20.75%), and Big Good Management Limited with 1,350,533,845 shares (19.78%) as of March 31, 2019[46]. - The total issued share capital as of March 31, 2019, was 6,828,772,313 shares, with the percentage of shares held by major shareholders calculated accordingly[52]. - The new share option plan allows for a maximum of 10% of the company's issued shares to be granted as unexercised options at any time[42]. - The exercise price of the share options is determined by the board and cannot be lower than the highest of the closing price on the offer date or the average closing price over the previous five trading days[42]. - Big Good has 1,063,333,333 non-voting convertible preference shares with a conversion price adjusted from HKD 0.13 to HKD 0.12[56]. - The B series of non-voting convertible preference shares consists of 204,100,000 shares, with the conversion price adjusted from HKD 0.032 to HKD 0.030[56]. - No shares were repurchased, purchased, or sold by the company or its subsidiaries during the reporting period[57]. Corporate Governance - As of March 31, 2019, the company had no unexercised share options under the new share option plan, which was approved on November 28, 2017[44]. - As of March 31, 2019, no directors, major shareholders, or management shareholders have any competing business interests[58]. - The audit committee, composed of three independent non-executive directors, reviewed the unaudited performance for the nine months ending March 31, 2019[59]. - The company has adhered to the corporate governance code as per GEM listing rules, except for specific provisions regarding the term of non-executive directors[62]. - All directors complied with the trading standards set forth in the company's code of conduct regarding securities transactions[63]. - The company is not aware of any incidents of employees violating the code of conduct[64]. - The report was issued on May 8, 2019, by the chairman of the company[65].
荟萃国际(控股)(08041) - 2019 - 中期财报
2019-02-12 10:46
Financial Performance - For the six months ended December 31, 2018, Luxey International reported a revenue of HKD 61,963,000, a decrease of 17.5% compared to HKD 75,401,000 for the same period in 2017[5]. - The gross loss for the six months ended December 31, 2018, was HKD 13,438,000, compared to a gross loss of HKD 11,841,000 for the same period in 2017, indicating a worsening performance[5]. - The net loss for the six months ended December 31, 2018, was HKD 18,938,000, an improvement from a net loss of HKD 20,730,000 in the same period of 2017, reflecting a 8.7% reduction in losses[5]. - The total comprehensive loss for the six months ended December 31, 2018, was HKD 18,929,000, compared to HKD 20,711,000 for the same period in 2017, showing a decrease of 8.6%[7]. - The basic loss per share for the six months ended December 31, 2018, was HKD 0.22, an improvement from HKD 0.245 for the same period in 2017[5]. - The company reported a loss attributable to owners of approximately HKD 15,105,000 for the six months ended December 31, 2018, an increase of about 6% compared to HKD 14,255,000 for the same period in 2017[55]. - The total revenue for the period was approximately HKD 61,963,000, representing a 19% increase from HKD 52,172,000 in the same period of 2017[55]. Assets and Liabilities - As of December 31, 2018, total assets amounted to HKD 114,484,000, a slight decrease from HKD 117,765,000 as of June 30, 2018[9]. - The company's net asset value decreased to HKD 63,987,000 as of December 31, 2018, down from HKD 82,916,000 as of June 30, 2018, representing a decline of 22.9%[9]. - The total assets for the company as of December 31, 2018, amounted to HKD 120,879 thousand, with total liabilities of HKD 52,889 thousand[20]. - The total assets of the group as of December 31, 2018, were HKD 128,328,000, a decrease from HKD 134,785,000 as of June 30, 2018[22]. - The total liabilities increased to HKD 64,341,000 as of December 31, 2018, compared to HKD 51,869,000 as of June 30, 2018, reflecting a rise of 24%[22]. Cash Flow and Financing - The company reported a net cash outflow from operating activities of HKD (13,790) thousand for the six months ended December 31, 2018, compared to HKD (27,179) thousand for the same period in 2017[12]. - The company had a cash and cash equivalents balance of HKD 43,023 thousand at the end of the reporting period, down from HKD 119,027 thousand at the end of the previous year[12]. - The company incurred administrative expenses of HKD (5,956) thousand during the reporting period, compared to HKD (3,565) thousand in the previous year[21]. - The company reported a decrease in cash flow from investing activities, with a net cash outflow of HKD (1,049) thousand for the six months ended December 31, 2018[12]. - The company’s financing activities generated no cash inflow during the reporting period, contrasting with HKD 69,890 thousand in the previous year[12]. Segment Performance - Revenue from external customers for the swimwear and apparel segment was HKD 11,912 thousand, while the online shopping segment generated HKD 49,935 thousand, totaling HKD 61,963 thousand for the six months ended December 31, 2018[20]. - The company experienced a total segment loss of HKD (16,667) thousand for the six months ended December 31, 2018, compared to a loss of HKD (17,624) thousand for the same period in 2017[21]. - The swimwear and apparel segment generated revenue of approximately HKD 11,912,000, a decrease of about 39% from HKD 19,542,000 in the same period of 2017, with a gross loss of HKD 15,750,000 and a gross loss margin of 132%[57]. - The trade and online shopping segment, which started in June 2017, generated revenue of approximately HKD 49,935,000, an increase of about 53% from HKD 32,506,000 in the same period of 2017, with a gross profit of HKD 2,196,000 and a gross profit margin of 4%[58]. - The lending segment generated revenue of approximately HKD 116,000, maintaining a gross profit margin of 100%[59]. Share Capital and Ownership - The issued and paid-up capital includes 6,828,772,313 ordinary shares and 1,083,333,333 convertible non-voting preference shares as of December 31, 2018[43]. - Big Good Management Limited holds 1,350,533,845 shares, representing 19.78% of the issued share capital[74]. - Wide Select Investments Limited holds 916,420,000 shares, representing 13.42% of the issued share capital[74]. - Big Good holds 2,417,699,999 shares, representing 35.40% of the issued share capital[78]. - The company did not repurchase any shares during the reporting period[82]. Corporate Governance - The company has established an audit committee consisting of three independent non-executive directors[84]. - The audit committee reviewed the unaudited performance of the group for the six months ending December 31, 2018[84]. - There were no competitive interests or potential conflicts of interest reported by directors or major shareholders as of December 31, 2018[83]. - The company has adhered to the corporate governance code as per GEM listing rules, except for specific provisions A.2.1 and A.4.1[85]. - The roles of Chairman and CEO are currently held by the same individual, Mr. Liu, which the board believes is in the best interest of the company for executing business strategies effectively[85]. Compliance and Conduct - Independent non-executive directors are not appointed for a specific term but must retire and seek re-election at the annual general meeting, ensuring compliance with governance standards[86]. - The company has adopted a code of conduct for directors regarding securities trading, which meets or exceeds the standards set by GEM listing rules[87]. - All directors have complied with the trading standards and the company's adopted code of conduct during the six months ending December 31, 2018[87]. - There are no known incidents of employees violating the code of conduct regarding securities trading[88].