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飞道旅游科技(08069) - 2020 Q3 - 季度财报
2020-02-12 09:33
Financial Performance - The company's loss before tax decreased significantly by 57.5% from approximately HKD 25.2 million for the nine months ended December 31, 2018, to approximately HKD 10.7 million for the nine months ended December 31, 2019[9]. - Gross profit increased by 33.5% from approximately HKD 22.7 million for the nine months ended December 31, 2018, to approximately HKD 30.3 million for the nine months ended December 31, 2019[10]. - The group's loss for the nine months ended December 31, 2019, decreased to approximately HKD 10.7 million from approximately HKD 21.9 million for the same period in 2018, attributed to increased gross profit and reduced selling expenses[17]. - Revenue for the nine months ended December 31, 2019, was HKD 204,826,000, a decrease of 19.6% compared to HKD 255,041,000 for the same period in 2018[37]. - The net loss attributable to owners of the company for the nine months ended December 31, 2019, was HKD 10,589,000, compared to a loss of HKD 21,706,000 in 2018[37]. - Total comprehensive loss for the nine months ended December 31, 2019, was HKD 10,669,000, compared to HKD 21,892,000 in 2018[37]. - Basic and diluted loss per share for the nine months ended December 31, 2019, was HKD 2.65, an improvement from HKD 5.43 in the same period of 2018[37]. - Total expenses for the nine months ended December 31, 2019, were HKD 215,742,000, down 22% from HKD 276,800,000 in the same period of 2018[65]. - The company reported a financial cost of HKD 326,000 for the nine months ended December 31, 2019, compared to a financial income of HKD 75,000 in the same period of 2018[66]. Revenue and Profitability - For the nine months ended December 31, 2019, the group's tour revenue decreased by 20.0% to approximately HKD 201.0 million, while gross profit increased by 39.5% to approximately HKD 26.5 million, resulting in a gross margin of 13.2%, up 5.6 percentage points[12]. - For the three months ended December 31, 2019, the group's tour revenue decreased by 17.1% to approximately HKD 75.3 million, while gross profit increased by 70.3% to approximately HKD 10.9 million, with a gross margin of 14.5%, up 7.5 percentage points[12]. - Revenue from the free travel products increased from approximately HKD 0.5 million for the nine months ended December 31, 2018, to approximately HKD 1.0 million for the same period in 2019, driven by active marketing and promotion[13]. - Revenue from travel-related products and services decreased from approximately HKD 3.2 million for the nine months ended December 31, 2018, to approximately HKD 2.8 million for the same period in 2019, mainly due to a decrease in ticket sales for theme parks and shows[14]. Expenses and Cost Management - Selling expenses decreased by 42.0% from approximately HKD 5.0 million for the nine months ended December 31, 2018, to approximately HKD 2.9 million for the nine months ended December 31, 2019, primarily due to reduced advertising and promotional expenses[10]. - Selling expenses decreased by 17.2% to approximately HKD 10.6 million for the nine months ended December 31, 2019, primarily due to reduced advertising and sponsorship expenses[15]. - Administrative expenses remained relatively stable at approximately HKD 30.6 million for the nine months ended December 31, 2019[16]. Investments and Strategic Initiatives - The company sold a total of 4,760,000 shares at an average price of approximately HKD 1.16 per share, generating total proceeds of approximately HKD 5.5 million (excluding transaction costs) on January 9, 2020[9]. - The company recorded a fair value gain of approximately HKD 0.6 million from investments in Gadang Holdings Limited and Flyang International Holdings Group Limited, compared to a fair value loss of approximately HKD 2.7 million for the nine months ended December 31, 2018[10]. - The group has established a joint venture, Triplabs (BVI) Limited, investing in eight startups related to tourism and travel technology, which includes various innovative solutions such as AI-driven marketing and travel booking platforms[19]. - The group remains confident in its strategic initiatives despite the negative impact of the COVID-19 outbreak on the travel industry, aiming for growth and advancement[19]. Corporate Governance and Compliance - The company has complied with all corporate governance codes during the nine months ending December 31, 2019[30]. - No stock options were granted, exercised, or canceled under the stock option plan from the adoption date to December 31, 2019[34]. - The company has not purchased, sold, or redeemed any of its listed securities during the nine months ending December 31, 2019[32]. - There are no reported conflicts of interest among directors and major shareholders regarding competition with the company's business[33]. Shareholding Structure - Major shareholders, including Ms. Chan and Mr. Yuen, hold 300 million shares each, representing 75% ownership[21]. - Ms. Chan holds 68.02% and Mr. Yuen holds 23.42% of the shares in the investment holding company, which owns 75% of the company[25]. Accounting Policies and Standards - The company has adopted new and revised Hong Kong Financial Reporting Standards effective from April 1, 2019, which may impact future financial reporting[48]. - The group adopted HKFRS 16 from April 1, 2019, resulting in a net impact of an increase of HKD 135,000 in cumulative losses[49]. - The weighted average incremental borrowing rate applied to lease liabilities as of April 1, 2019, was 4.95%[49]. - The group’s accounting policy for leases includes recognizing right-of-use assets and corresponding liabilities from the date the leased asset is available for use[50]. Other Financial Metrics - The group reported a loss before tax of HKD 10,669 for the nine months ended December 31, 2019, compared to a loss of HKD 25,200 for the same period in 2018[59]. - The reported segment loss for travel-related products and services was HKD 8,938 for the nine months ended December 31, 2019, compared to a loss of HKD 22,680 in the same period of 2018[59]. - Depreciation of property, plant, and equipment was HKD 2,144 for the nine months ended December 31, 2019, compared to HKD 1,826 for the same period in 2018[59]. - The group recognized a financial income of HKD 48 for the nine months ended December 31, 2019, down from HKD 78 in the same period of 2018[59]. - The total reported segment revenue for travel-related products and services was HKD 204,826 for the nine months ended December 31, 2019[59]. - The company recognized a net foreign exchange loss of HKD 361,000 for the nine months ended December 31, 2019, compared to a loss of HKD 970,000 in the same period of 2018, indicating improved currency management[63]. - The company reported a total comprehensive loss of HKD 4,984,000 for the three months ended December 31, 2019, compared to a loss of HKD 6,095,000 in the same period of 2018, showing a narrowing of losses[61]. - No dividend was recommended for the nine months ended December 31, 2019, consistent with the previous year[74]. - As of December 31, 2019, the group had no significant contingent liabilities, unchanged from the previous year[75]. - Related party transactions included rental expenses of HKD 2,115,000 with Zheng Tian Investment Limited for the nine months ended December 31, 2019, unchanged from the previous year[78]. - Management compensation for the nine months ended December 31, 2019, totaled HKD 5,140,000, slightly up from HKD 5,090,000 in the previous year[80].
飞道旅游科技(08069) - 2020 - 中期财报
2019-11-12 08:45
Financial Performance - For the six months ended September 30, 2019, the company's loss before tax decreased by 42.4% to approximately HKD 11.0 million from HKD 19.1 million in the same period of 2018[11]. - Gross profit increased by 21.5% to approximately HKD 18.1 million, compared to HKD 14.9 million for the same period in 2018[11]. - The total loss and comprehensive loss for the six months ended September 30, 2019, decreased to approximately HKD 11.0 million from approximately HKD 16.9 million in the same period in 2018[18]. - The net loss before tax for the period was HKD 11,020,000, compared to a loss of HKD 19,105,000 in the prior year, indicating a reduction in losses by 42.5%[58]. - The company reported a total comprehensive loss of HKD 10,955,000 for the six months ended September 30, 2019[61]. - The net loss attributable to owners for the six months ended September 30, 2019, was HKD (10,955,000), an improvement from HKD (16,779,000) in the prior year[110]. Revenue and Sales - Revenue from travel packages was HKD 125.7 million, accounting for 98.0% of total revenue, while total revenue for the six months was HKD 128.2 million[12]. - The group's travel agency revenue for the six months ended September 30, 2019, decreased by 21.7% to approximately HKD 125.7 million compared to the same period in 2018, primarily due to a reduction in the number of participants[13]. - Total revenue for the six months ended September 30, 2019, was HKD 128,213,000, a decrease of 21.3% compared to HKD 162,864,000 for the same period in 2018[58]. - Revenue from free travel products increased from approximately HKD 0.2 million to approximately HKD 0.7 million for the six months ended September 30, 2019, due to active marketing and promotion of travel products covering Japan and Southeast Asia[14]. - Revenue from travel-related products and services decreased from approximately HKD 2.1 million to approximately HKD 1.8 million for the six months ended September 30, 2019, mainly due to a reduction in income from travel insurance sales[15]. Expenses and Cost Management - Sales and marketing expenses decreased by 39.4% to approximately HKD 2.0 million from HKD 3.3 million in the previous year[11]. - Selling expenses decreased by 14.1% to approximately HKD 7.3 million for the six months ended September 30, 2019, primarily due to reduced advertising and sponsorship expenses[16]. - Administrative expenses for the six months ended September 30, 2019, were approximately HKD 20.2 million, remaining relatively stable compared to the same period in 2018[17]. - Total expenses for the six months ended September 30, 2019, amounted to HKD 137,587,000, down from HKD 177,448,000 in the prior year[104]. Operational Efficiency and Strategy - The company aims to enhance its operational efficiency and profitability through strategic investments in travel technology[11]. - The company has implemented strategic changes in group booking policies, resulting in reduced pricing pressure despite a decrease in revenue and participation numbers[11]. - Future outlook includes potential market expansion and the introduction of new travel packages to attract a broader customer base[11]. - The group plans to enhance its online sales platform and improve customer relationship management systems to boost customer loyalty and experience[38]. - The group is focused on launching new travel-related products and services, including new routes and activities, to provide better travel experiences for customers[38]. Investments and Financial Position - As of September 30, 2019, the group's cash and cash equivalents totaled approximately HKD 29.7 million, down from approximately HKD 44.3 million as of March 31, 2019[20]. - The group had no significant investments or acquisitions during the six months ended September 30, 2019, other than its investment in Flying Holdings[24]. - The company holds approximately 3.6% and 1.0% of the issued share capital of Gadventures Holdings and Flyaway, respectively, indicating strategic investments in travel-related companies[36]. - The company's equity attributable to owners decreased to HKD 55,950,000 from HKD 67,040,000, reflecting a cumulative loss of HKD 18,588,000[61]. - The company’s total equity as of September 30, 2019, was HKD 56,205,000, down from HKD 67,360,000[60]. Cash Flow and Liquidity - Cash and cash equivalents decreased to HKD 26,680,000 from HKD 41,329,000, indicating a net decrease of HKD 14,649,000 in cash and cash equivalents[63]. - Operating cash flow showed a net outflow of HKD 6,433,000 for the six months ended September 30, 2019, compared to an inflow of HKD 1,580,000 in the same period of 2018[63]. - The company reported a foreign exchange loss of HKD (133,000) for the six months ended September 30, 2019, a significant reduction from HKD (827,000) in the same period of 2018[102]. Employee and Management Information - As of September 30, 2019, the group had 131 employees, with total employee benefits expenses amounting to approximately HKD 11.2 million, a decrease from HKD 11.7 million for the same period in 2018[29]. - Management compensation for the six months ended September 30, 2019, totaled HKD 3,435,000, slightly up from HKD 3,431,000 in the same period of 2018[132]. - The total remuneration for key management personnel remained stable at HKD 1,719,000 for the three months ended September 30, 2019, compared to HKD 1,713,000 in the same period of 2018[132]. Compliance and Governance - The company has complied with all corporate governance codes as per GEM listing rules during the reporting period[48]. - No share options were granted, exercised, or cancelled under the share option scheme during the reporting period[55]. - The company did not engage in any purchase, sale, or redemption of its listed securities during the six months ended September 30, 2019[50].
飞道旅游科技(08069) - 2020 Q1 - 季度财报
2019-08-12 08:52
WWPKG Holdings Company Limited 縱橫遊控股有限公司 (於開曼群島註冊成立的有限公司) 股份代號:8069 2019/2020 2019/2020 第一季度報告 First Quarterly Report (Incorporated in the Cayman Islands with limited liability) Stock Code: 8069 WWPKG Holdings Company Limited 縱橫遊控股有限公司 香港聯合交易所有限公司(「聯交所」)GEM的特色 GEM的定位,乃為中小型公司提供一個上市的市場,此等公司相比起其他在聯交所上巿的公司帶有較高投資風險。有 意投資人士應了解投資於該等公司的潛在風險,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買賣的證券可能會較於主板買賣之證券承受較大的市場波動風險,同 時無法保證在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 概不就本報告全部或任何部分內容而產生或因依賴該等內容而 ...
飞道旅游科技(08069) - 2019 - 年度财报
2019-06-27 09:08
WWPKG Holdings Company Limited (於開曼群島註冊成立的有限公司) 股份代號 : 8069 年 報 2018/19 WWPKG Holdings Company Limited (Incorporated in the Cayman Islands with limited liability) Stock Code: 8069 ANNUAL REPORT 2018/19 香港聯合交易所有限公司(「聯交所」)GEM的特色 GEM的定位,乃為中小型公司提供一個上市的市場,此等公司相比起其他在聯交所上市的公司帶有較高投資風險。有意 投資人士應了解投資於該等公司的潛在風險,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買賣的證券可能會較於主板買賣之證券承受較大的市場波動風險,同時無 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 不就因本報告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。 本報告的資料乃遵照聯交所GEM證券上 ...
飞道旅游科技(08069) - 2019 Q3 - 季度财报
2019-02-13 09:37
Financial Performance - The company recorded a loss for the nine months ended December 31, 2018, compared to a profit for the same period in 2017, primarily due to a fair value loss of approximately HKD 2.7 million from its investment in Gad Holdings Limited [10]. - The group reported a total comprehensive loss of approximately HKD 21.9 million for the nine months ended December 31, 2018, compared to a profit of approximately HKD 1.5 million for the same period in 2017 [18]. - For the nine months ended December 31, 2018, the company reported total revenue of HKD 255,041,000, a decrease of 22.8% compared to HKD 330,567,000 for the same period in 2017 [40]. - The gross profit for the same period was HKD 22,702,000, down 52.5% from HKD 47,673,000 in the previous year [40]. - The company incurred an operating loss of HKD 22,447,000 for the nine months ended December 31, 2018, compared to an operating profit of HKD 2,170,000 in the same period of 2017 [40]. - The net loss attributable to the owners of the company for the nine months was HKD 21,706,000, compared to a profit of HKD 1,457,000 in the prior year [40]. - The basic and diluted loss per share for the nine months was HKD (5.43), compared to earnings of HKD 0.36 per share in the same period of 2017 [40]. - The company’s total comprehensive loss for the nine months was HKD 21,892,000, compared to a total comprehensive income of HKD 1,460,000 in the same period of 2017 [40]. - Total revenue for the nine months ended December 31, 2018, was HKD 255,041,000, a decrease of 22.8% compared to HKD 330,567,000 for the same period in 2017 [49]. - Revenue from tour sales for the nine months ended December 31, 2018, was HKD 251,374,000, down 22.5% from HKD 324,533,000 in 2017 [49]. Revenue and Sales - The group's travel agency sales revenue decreased by 22.6% from approximately HKD 324.5 million for the nine months ended December 31, 2017, to approximately HKD 251.3 million for the same period in 2018 [13]. - Revenue from free travel products fell from approximately HKD 1.5 million to approximately HKD 0.5 million, attributed to intense competition from online agents and budget airlines [14]. - Revenue from travel-related products and services decreased from approximately HKD 4.6 million to approximately HKD 3.2 million, primarily due to reduced income from travel insurance sales [15]. Expenses and Costs - The gross profit margin for travel agency services dropped from 12.8% to 7.6% due to decreased selling prices and increased operational costs [13]. - Total expenses for the nine months ended December 31, 2018, were HKD 276,800,000, a decrease of 15.7% from HKD 328,353,000 in 2017 [51]. - Sales expenses decreased by 7.2% from approximately HKD 13.8 million to approximately HKD 12.8 million, mainly due to the termination of a branch lease and reduced advertising costs [16]. - The group incurred a foreign exchange loss of HKD (970,000) for the nine months ended December 31, 2018, compared to a loss of HKD (116,000) in 2017 [50]. Business Strategy and Future Plans - The group plans to expand its business scope into travel and travel technology through investments in startups, aiming to enhance future profitability [11]. - The company aims to expand its business scope into travel and travel technology, leveraging its experience in the travel agency sector and partnerships with suppliers to enhance future profitability [20]. - The company is committed to seeking investment opportunities that create operational synergies, expand revenue sources, and enhance shareholder value [20]. - Marketing efforts will include digital marketing strategies to increase online visibility and traffic, as well as traditional media advertising to boost brand recognition [22]. - The company plans to continuously evaluate and optimize its online sales platform to improve user experience and customer loyalty [22]. - New routes, itineraries, events, and hotel accommodations will be launched to provide customers with enhanced travel experiences [22]. Corporate Governance - As of December 31, 2018, major shareholders hold 300,000,000 shares, representing 75% ownership in the company [24]. - The company has adhered to all corporate governance codes as of December 31, 2018 [31]. - All directors confirmed compliance with the trading standards and conduct codes for securities transactions during the nine months ending December 31, 2018 [32]. - No purchases, sales, or redemptions of the company's listed securities occurred during the nine months ending December 31, 2018 [33]. - The company’s compliance advisor is Lico Corporate Finance Limited, which provides guidance on compliance with GEM Listing Rules [35]. - The audit committee, established in December 2016, reviewed the unaudited financial results for the nine months ended December 31, 2018 [38]. Management and Compensation - Management compensation for the nine months ended December 31, 2018, totaled HKD 5,090 thousand, an increase from HKD 4,977 thousand in the same period of 2017 [65]. - The total remuneration for key management personnel increased slightly to HKD 1,659 thousand for the three months ended December 31, 2018, compared to HKD 1,645 thousand in 2017 [65]. - The company reported no significant contingent liabilities as of December 31, 2018, consistent with the previous year [66].