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富誉控股(08269) - 2020 Q3 - 季度财报
2020-02-14 08:34
Financial Performance - Revenue for the three months ended December 31, 2019, was HKD 14,295,000, compared to HKD 13,200,000 for the same period in 2018, representing an increase of 8.3%[5] - Gross profit for the nine months ended December 31, 2019, was HKD 5,143,000, significantly higher than HKD 3,233,000 for the same period in 2018, indicating a year-over-year growth of 59.1%[5] - The company reported a loss before tax of HKD 2,201,000 for the three months ended December 31, 2019, an improvement from a loss of HKD 4,184,000 in the same period of 2018, reflecting a reduction of 47.6%[5] - Total comprehensive loss for the three months ended December 31, 2019, was HKD 2,183,000, compared to HKD 4,166,000 for the same period in 2018, showing a decrease of 47.5%[5] - Basic and diluted loss per share for the three months ended December 31, 2019, was HKD (1.06), an improvement from HKD (2.03) in the same period of 2018[7] - The company recorded a net loss of HKD 5,100,000 for the nine months ended December 31, 2019, compared to a net loss of HKD 5,800,000 in the same period last year, representing a decrease of approximately 12.1%[31] Revenue Breakdown - The total revenue for the nine months ended December 31, 2019, was HKD 58,001,000, compared to HKD 52,858,000 for the same period in 2018, marking an increase of 9.1%[5] - The company recorded revenue of HKD 58,000,000 for the nine months ended December 31, 2019, a decrease of 11.9% compared to HKD 65,800,000 for the same period last year[29] - The company achieved revenue of HKD 31,200,000 in the consumer goods and fashion apparel segment, significantly up from HKD 12,700,000 in the previous year, marking an increase of approximately 145.7%[34] - The palm oil trading business recorded revenue of HKD 25,300,000, down from HKD 51,500,000 in the previous year, a decrease of about 50.9%[33] Expenses and Costs - The cost of goods sold decreased to HKD 52,900,000 from HKD 62,600,000 year-on-year, reflecting the decline in revenue[29] - The company incurred administrative expenses of HKD 3,077,000 for the three months ended December 31, 2019, compared to HKD 3,086,000 in the same period of 2018, indicating a slight decrease of 0.3%[5] - Operating expenses for the nine months ended December 31, 2019, were HKD 9,100,000, down from HKD 10,600,000 in the previous year, a reduction of about 14.1%[30] - The company’s financial costs decreased to HKD 700,000 from HKD 1,100,000 in the previous year, a decline of about 36.4%[31] Other Income and Losses - Other income for the nine months ended December 31, 2019, was HKD 2,126,000, down from HKD 5,005,000 in the same period of 2018, representing a decline of 57.5%[5] - Other income amounted to HKD 2,100,000, down from HKD 5,000,000 in the previous year, primarily consisting of dividend income from trading investments and interest from loans to associates[29] - The fair value changes of trading investments resulted in a loss of HKD 478,000 for the three months ended December 31, 2019[17] - The company recorded a net exchange gain of HKD 39,000 for the three months ended December 31, 2019, compared to a gain of HKD 102,000 in the previous year[17] - The securities investment segment reported a net loss of HKD 2,200,000, an improvement from a net loss of HKD 3,900,000 in the previous year, indicating a reduction of approximately 43.6%[37] Business Operations and Strategy - The group is involved in various business segments, including natural resources and commodity trading, lending, and the development and promotion of fashion apparel and consumer goods[12] - The company plans to continue expanding its business through organic growth or acquisitions, aiming to diversify its existing operations to enhance shareholder returns[43] - The company is actively seeking funding support for business expansion, including debt financing or fundraising[34] - The company has developed several new products and is enhancing its brand image through marketing activities and participation in trade fairs[34] - The company experienced a significant impact on consumer behavior due to the escalation of the US-China trade dispute and social unrest in Hong Kong[29] Share Options and Corporate Governance - As of December 31, 2019, the total number of share options available for exercise was 17,119,650[44] - The exercise price for the share options granted on March 13, 2019, was HKD 0.36 per share[44] - Both directors, Ms. Lin and Mr. Xie, hold 2,000,000 share options each, representing approximately 0.97% of the total issued shares[46] - Major shareholder Shan Zumao holds 10,280,000 shares, accounting for 5.00% of the issued share capital[49] - No share options were granted, exercised, cancelled, or lapsed during the nine months ended December 31, 2019, apart from those disclosed[45] - The company did not purchase, sell, or redeem any of its listed securities during the nine months ended December 31, 2019[50] - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited consolidated results for the nine months ended December 31, 2019[57] - The company has adopted a code of conduct for securities transactions by directors, with no known breaches during the reporting period[53] - The company has complied with the corporate governance code throughout the review period, except for certain board meeting notifications[54] - The total number of share options held by directors and senior management as of December 31, 2019, was 4,000,000[46] - The board of directors includes two executive directors and three independent non-executive directors[58] - The company reported its Q3 2019 earnings, indicating a focus on financial performance[59]
富誉控股(08269) - 2020 - 中期财报
2019-11-14 08:34
WEALTH GLORY HOLDINGS LIMITED 富 譽 控 股 有 限 公 司 (於関曼群島註冊成立之有限公司) 股份代號: 8269 2019 中期報告 香港聯合交易所有限公司(「聯交所」)GEM 的特色 GEM 的定位,乃為相比起其他在聯交所上市的公司帶有較高投資風險的公司提供一個上市 的市場。有意投資的人士應瞭解投資於該等公司的潛在風險,並應經過審慎周詳的考慮後 方作出投資決定。GEM 的較高風險及其他特色表示GEM 較適合專業及其他資深的投資者。 由於GEM 上市公司新興的性質使然,在GEM 買賣的證券可能會較於聯交所主板買賣的證券 承受較大的市場波動風險,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,並明確表示概不就因本報告全部或任何部分內容而產生或因倚賴該等內容 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 證券上市規則》(「《GEM 上市規則》」)而刊載,旨在提 供有關富譽控股有限公司的資料;富譽控股有限公司的董事(「董事」)願就本報告的資料共 同及個別地承擔全 ...
富誉控股(08269) - 2020 Q1 - 季度财报
2019-08-14 08:50
WEALTH GLORY HOLDINGS LIMITED 富 譽 控 股 有 限 公 司 (於開曼群島註冊成立之有限公司) 股份代號: 8269 2019 第一季度業績報告 香港聯合交易所有限公司(「聯交所」)GEM 的特色 GEM 的定位,乃為相比起其他在聯交所上市的公司帶有較高投資風險的公司提供一個上市 的市場。有意投資的人士應瞭解投資於該等公司的潛在風險,並應經過審慎周詳的考慮後 方作出投資決定。GEM 的較高風險及其他特色表示GEM 較適合專業及其他資深的投資者。 由於GEM 上市公司新興的性質使然,在GEM 買賣的證券可能會較於主板買賣的證券承受較 大的市場波動風險,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,並明確表示概不就因本報告全部或任何部分內容而產生或因倚賴該等內容 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 證券上市規則》(「《GEM 上市規則》」)而刊載,旨在提 供有關本公司的資料;富譽控股有限公司(「本公司」)的董事(「董事」)願就本報告的資料 共同及個別地 ...
富誉控股(08269) - 2019 - 年度财报
2019-06-28 08:33
Financial Performance - The group recorded revenue of HKD 96.7 million for the year ended March 31, 2019, an increase of 11.8% compared to HKD 86.5 million in the previous year[14] - The group's gross profit increased from HKD 6.1 million last year to HKD 7.7 million during the review period[14] - Other income for the year was HKD 3.4 million, slightly down from HKD 3.5 million in 2018, primarily due to interest income from loans to invested companies[14] - The net gain from other income and losses was HKD 6.7 million, a significant improvement from a net loss of HKD 39.1 million in 2018[14] - Operating expenses for the year were HKD 19.5 million, up from HKD 17.6 million in the previous year, reflecting a 10.8% increase[15] - The group incurred financing costs of HKD 1.3 million, a decrease from HKD 4.1 million in 2018[15] - The loss attributable to owners of the company was approximately HKD 16.7 million, a reduction of HKD 40.4 million compared to HKD 57.1 million in 2018[15] Revenue Breakdown - For the year ended March 31, 2019, the group recorded revenue of HKD 57,300,000 from palm oil trading, an increase from HKD 36,100,000 in 2018[19] - The consumer products and fashion apparel segment generated revenue of HKD 36,800,000, down from HKD 44,400,000 in 2018, primarily due to supply shortages of the "NINTENDO SWITCH" gaming console[20] - The lending business recorded revenue of HKD 2,600,000, a decrease from HKD 6,100,000 in 2018, with net income improving to HKD 15,200,000 from a net loss of HKD 6,200,000 in the previous year[22] - The securities investment segment reported a net loss of HKD 3,700,000, an improvement from a net loss of HKD 12,000,000 in 2018, with a fair value of the investment portfolio remaining at HKD 8,500,000[23] Business Strategy and Market Focus - The group aims to diversify its business by seeking suitable investment opportunities in various sectors[10] - The focus remains on the Hong Kong and Asian markets, particularly in the fashion products sector, which shows significant potential[10] - The company plans to leverage strong business connections to develop existing operations and seize emerging opportunities[11] - The group plans to allocate more resources to the consumer products and fashion apparel segment, which has significant growth potential[19] - The group aims to expand its business and is actively seeking funding support, including debt financing[20] Financial Position and Assets - As of March 31, 2019, the group's net asset value was HKD 114,800,000, down from HKD 127,600,000 in 2018, primarily due to a decrease in receivables and impairment of intangible assets[25] - The group's current ratio improved to approximately 5.1 from 2.9 in 2018, indicating better liquidity management[28] - The company held trading investments valued at HKD 8,500,000, with significant investments showing fair value changes, including a loss of HKD 3,508,000 across various holdings[33] Employee and Compensation - The total employee cost for the year ending March 31, 2019, was approximately HKD 5,500,000, an increase from HKD 3,600,000 in the previous year[41] - The company has a competitive compensation package and a pleasant work environment to attract and motivate employees[71] - The employee compensation policy is based on performance, qualifications, and capabilities, ensuring fair treatment for all employees[101] Corporate Governance - The board of directors consists of 5 executive directors, 1 non-executive director, and 3 independent non-executive directors, ensuring a balanced composition for effective leadership[134] - The company has complied with GEM Listing Rules, maintaining at least one-third of the board as independent non-executive directors[136] - All independent non-executive directors have confirmed their independence in accordance with GEM Listing Rules[137] - The company has established a nomination committee to review board composition and oversee the appointment of directors[139] - The board acknowledges its duty to prepare true and fair financial statements, adhering to applicable accounting standards[170] Risk Management - The company has established internal policies to manage risks, but significant defaults could adversely affect its financial condition and profitability[62] - The company is committed to monitoring liquidity risks and maintaining sufficient cash flow and credit lines to meet financial obligations[69] - The company has identified and assessed credit risks through conservative inventory policies and regular financial evaluations of customers[37] Environmental and Social Responsibility - The company is dedicated to reducing carbon emissions and resource consumption in its operations through various environmental initiatives[72] - The company will publish an Environmental, Social, and Governance (ESG) report within three months of the annual report to comply with GEM listing rules[72] Shareholder Communication - The company has established a shareholder communication policy to ensure timely and equal access to comprehensive information for shareholders and potential investors[184] - The company provides various channels for shareholder communication, including printed corporate communications and regular announcements through the stock exchange[185] - The company has implemented measures to protect shareholder rights, including presenting independent resolutions for significant issues at shareholder meetings[189]
富誉控股(08269) - 2019 Q3 - 季度财报
2019-02-14 08:32
WEALTH GLORY HOLDINGS LIMITED 富 譽 控 股 有 限 公 司 (於開曼群島註冊成立之有限公司) 股份代號: 8269 2018 第 三 季 度 業 績 報 告 香港聯合交易所有限公司(「聯交所」)GEM 的特色 GEM 的定位,乃為相比起其他在聯交所上市的公司帶有較高投資風險的公司提供一個上市 的市場。有意投資的人士應瞭解投資於該等公司的潛在風險,並應經過審慎周詳的考慮後 方作出投資決定。GEM 的較高風險及其他特色表示GEM 較適合專業及其他資深的投資者。 由於GEM 上市公司新興的性質使然,在GEM 買賣的證券可能會較於聯交所主板買賣的證券 承受較大的市場波動風險,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,並明確表示概不就因本報告全部或任何部分內容而產生或因倚賴該等內容 而引致的任何損失承擔任何責任。 本報告的資料乃遵照《GEM 證券上市規則》(「《GEM 上市規則》」)而刊載,旨在提供有關 富譽控股有限公司的資料;富譽控股有限公司的董事(「董事」)願就本報告的資料共同 ...