股份代號 : 8285 （於開曼群島註冊成立的有限公司 ） Quarterly 2020 Report 第一季度報告 Stock code: 8285 (Incorporated in the Cayman Islands with limited liability) 2020 First | | | 截至3月31日止三個月 | | | --- | --- | --- | --- | | | | 2020年 | 2019年 | | | 附註 | 人民幣千元 | 人民幣千元 | | | | （未經審核） | （未經審核） | | 以下人士應佔本期虧損： | | | | | 本公司權益持有人 | | (6,470) | (2,236) | | 非控股權益 | | 205 | — | | | | (6,265) | (2,236) | | 以下人士應佔本期全面虧損總額： | | | | | 本公司權益持有人 | | (6,101) | (2,670) | | 非控股權益 | | 205 | — | | | | (5,896) | (2,670) | | | | 人民幣分 | 人民幣分 | | 本公司權益持有人應佔 ...

Financial Performance - The total revenue for the group in 2019 was RMB 146.1 million, representing a 3.6% increase compared to 2018[14]. - Sales from the newly launched ELLE brand luggage and travel accessories contributed RMB 45.7 million to the revenue[14]. - Handbag sales revenue decreased to RMB 100.4 million due to weakened demand and increased competition from other brands[14]. - Revenue in Q1 and Q2 of 2019 dropped by 25.0% and 1.6% respectively, but increased by approximately 28.7% and 21.3% in Q3 and Q4[14]. - In 2019, total sales increased by RMB 5.0 million to RMB 146.1 million, representing a growth of 3.6% compared to RMB 141.1 million in 2018[24]. - Online retail sales accounted for 73.6% of total revenue, reaching RMB 107.6 million, a 21.1% increase from RMB 88.8 million in 2018[24]. - Offline retail sales decreased by 34.7% to RMB 3.5 million, down from RMB 5.4 million in 2018, representing only 2.4% of total revenue[26]. - Wholesale to offline retailers dropped by 39.4%, with sales decreasing to RMB 13.6 million from RMB 22.5 million in 2018[27]. - Revenue from the ELLE brand increased to RMB 118.1 million, contributing 80.8% of total revenue, up from 67.4% in 2018[28]. - Revenue from the Jessie & Jane brand fell to RMB 28.0 million, a decline of 39.1% from RMB 46.0 million in 2018[28]. - Gross profit decreased by RMB 3.0 million or 3.9% to approximately RMB 73.8 million, with a gross margin of 50.5%, down from 54.4% in 2018[30]. - Total sales related to online business reached RMB 129.0 million, a 14.0% increase from RMB 113.2 million in 2018, accounting for 88.3% of total sales[24]. Operational Efficiency - The company is restructuring its e-commerce team to enhance sales through online channels[10]. - The company has streamlined its procurement planning and after-sales teams to improve operational efficiency[10]. - The company plans to streamline operations and focus on rapidly growing online sales in response to the challenging business environment[41]. - Sales and distribution costs increased by approximately RMB 5.6 million or 8.7% to about RMB 69.8 million, primarily due to marketing expenses and salaries related to direct retail stores[31]. - Administrative and other operating expenses decreased by approximately RMB 1.4 million or 5.1% to about RMB 26.1 million, mainly due to controlled travel expenses and reduced unrealized exchange losses[32]. Strategic Planning - The company acknowledges the need for a strategic repositioning to enhance future competitiveness[10]. - The management is optimistic about controlling the negative impacts of the COVID-19 pandemic in the coming months[11]. - The company is focused on strategic planning and development in the women's handbag industry, leveraging over 17 years of experience in the market[54]. Corporate Governance - The board consists of eight directors, including three executive directors, two non-executive directors, and three independent non-executive directors[73]. - The company has adhered to the corporate governance code as per GEM listing rules during the year ending December 31, 2019[71]. - The management team is responsible for daily operations and management, while the board oversees the company's strategic direction and resource allocation[72]. - The company has established committees under the board to enhance oversight and governance[72]. - The remuneration committee, consisting of three independent non-executive directors, was established to recommend overall remuneration policies for all directors and senior management[90]. - The company has established a nomination committee to recommend candidates for board appointments and monitor the implementation of the diversity policy[96]. - The board is committed to maintaining effective internal control and risk management systems to protect shareholder interests[106]. - The company has not established an internal audit department due to its simple corporate structure but has sought external advice for improvements[108]. Environmental, Social, and Governance (ESG) Initiatives - The company’s ESG report outlines efforts and achievements in corporate social responsibility and sustainable development for the year ending December 31, 2019[131]. - The ESG report focuses on the environmental and social performance of the company’s wholly-owned subsidiary, Seng Ho Trading (Shanghai) Co., Ltd.[132]. - The company values stakeholder communication and has conducted stakeholder engagement and materiality assessments to understand stakeholder needs[136]. - The company encourages feedback from stakeholders regarding its ESG initiatives and policies[134]. - The company reported a total of 12 tons of non-hazardous waste generated in 2019, an increase from 9 tons in 2018[151]. - The amount of hazardous waste generated in 2019 was 2 kg, down from 3 kg in 2018, with a per square meter generation rate of 0.002 kg/m²[151]. - The nitrogen oxide emissions from the company's vehicles increased to 1.04 kg in 2019 from 0.86 kg in 2018[151]. - The company has implemented effective fleet management to reduce emissions, including regular vehicle inspections and maintenance[151]. - The company has provided training on environmental, health, and safety policies to employees and manufacturers to raise awareness of environmental protection[148]. - The company adheres to local environmental regulations, including the Water Pollution Prevention Law and the Air Pollution Prevention Law of the People's Republic of China[148]. - Total energy consumption decreased from 133 MWh in 2018 to 87 MWh in 2019, representing a reduction of approximately 34.6%[153]. - Total greenhouse gas emissions rose significantly from 111 tons CO2 equivalent in 2018 to 701 tons CO2 equivalent in 2019, an increase of about 531.5%[157]. Employee Management - The total employee cost for the year ended December 31, 2019, was RMB 18.0 million, slightly up from RMB 17.6 million in 2018[51]. - The company employed 73 staff members as of December 31, 2019, down from 88 in 2018[51]. - The company aims to enhance employee retention and motivation as a key strategy for success in both online and offline distribution[51]. - The management team regularly reviews compensation policies based on operational performance and market standards[51]. - The company emphasizes employee training and development, offering onboarding training for new hires and product-related training before launching new products, while also providing subsidies for employees pursuing relevant professional qualifications[164]. Customer Relations - The company has implemented a comprehensive complaint handling procedure to address customer inquiries and issues effectively[175]. - Customers can return products purchased through third-party e-commerce platforms within seven days without reason, and products sold through the company's retail points can also be returned under similar conditions[174]. - The company offers a lifetime repair service for ELLE leather products, charging only for material costs[174]. - The company has a strict quality control process and allows product returns within 90 days if quality issues arise[177]. Legal Compliance - The company emphasizes the importance of intellectual property, ensuring compliance with laws and regulations related to trademarks and other rights[178]. - The company adheres to data protection and privacy laws, requiring employees to maintain confidentiality regarding sensitive information[179]. - The company has not been involved in any legal cases related to corruption during the year, adhering strictly to anti-corruption laws[180].

SLING GROUP HOLDINGS LIMITED 森浩集團股份有限公司 （於開曼群島註冊成立的有限公司） 股份代號：8285 第三季度報告 THIRD QUARTERLY REPORT (Incorporated in the Cayman Islands with limited liability) Stock code: 8285 SLING GROUP HOLDINGS LIMITED 森浩集團股份有限公司 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位乃為相比起聯交所上市的其他公司帶有更高投資 風險的中小型公司提供上市的市場。有意投資者應了解投資 於此類公司的潛在風險，並應經審慎周詳考慮後方作出投資 決定。 截至2019年9月30日止九個月 由於在GEM上市的公司一般為中小型公司，故在GEM買賣的 證券可能會承受較於主板買賣的證券為高的市場波動風險， 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 不會對本報告的全部或任何部分內容所產生或因依賴該等內 容而引致的任 ...

SLING GROUP HOLDINGS LIMITED 森浩集團股份有限公司 (於開曼群島註冊成立的有限公司) 股份代號: 8285 INTERIM REPORT (Incorporated in the Cayman Islands with limited liability) Stock code: 8285 SLING GROUP HOLDINGS LIMITED 森浩集團股份有限公司 中期報告 SLING GROUP HOLDINGS LIMITED 森浩集團股份有限公司 INTERIM REPORT 中期報告 2019 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位乃為相比起聯交所上市的其他公司帶有更高投資 風險的中小型公司提供上市的市場。有意投資者應了解投資 於此類公司的潛在風險，並應經審慎周詳考慮後方作出投資 決定。 由於在GEM上市的公司一般為中小型公司，故在GEM買賣的 證券可能會承受較於主板買賣的證券為高的市場波動風險， 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 ...

Stock code: 8285 (於開曼群島註冊成立的有限公司 ) 股份代號 : 8285 SLING GROUP HOLDINGS LIMITED 第一季度報告 FIRST QUARTERLY REPORT 森浩集團股份有限公司 (Incorporated in the Cayman Islands with limited liability) 香港聯合交易所有限公司（「聯交所」）GEM的特色 SLING GROUP HOLDINGS LIMITED 森浩集團股份有限公司 GEM的定位乃為相比起聯交所上市的其他公司帶有更高投資 風險的中小型公司提供上市的市場。有意投資者應了解投資 於此類公司的潛在風險，並應經審慎周詳考慮後方作出投資 決定。 由於在GEM上市的公司一般為中小型公司，在GEM買賣的證 券可能會承受較於主板買賣的證券為高的市場波動風險，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 不會對本報告的全部或任何部分內容所產生或因依賴該等內 容而引致的任何損失承擔任何責任。 本報告乃 ...

Financial Performance - The company reported a revenue of RMB 141.1 million for 2018, a decrease of 32.5% compared to the previous year[11]. - Total sales decreased by RMB 67.9 million or 32.5% to RMB 141.1 million in 2018 from RMB 209.0 million in 2017[25]. - Gross profit decreased by RMB 41.1 million or 34.9% to RMB 76.8 million, with gross margin slightly declining to 54.4% from 56.4%[26]. - Revenue from ELLE products decreased to RMB 95.1 million, down 27.4% from RMB 131.0 million in 2017[23]. - Jessie & Jane product sales fell to RMB 46.0 million, a decline of 41.0% from RMB 78.0 million in 2017[23]. - Online retail sales revenue dropped by 37.4%, while offline retail sales and wholesale to offline retailers decreased by 62.6% and 32.3%, respectively[11]. - Revenue declines for each quarter were approximately 26.3%, 24.9%, 24.6%, and 51.1%[11]. - Online retail sales reached RMB 88.9 million, accounting for 63.0% of total sales, down from 67.9% in 2017, with a decline of 37.4%[19][22]. - Offline retail sales dropped to RMB 5.4 million, a decrease of 62.6% from RMB 14.4 million in 2017, contributing 3.8% to total sales[21][22]. - Wholesale to online retailers increased by 25.1% to RMB 24.4 million, while wholesale to offline retailers fell by 32.3% to RMB 22.5 million[19][22]. Strategic Focus - The company plans to focus on its two brands: the licensed brand ELLE and the in-house brand Jessie & Jane, emphasizing design and quality[9]. - The company aims to reduce reliance on the leading B2C e-commerce platform and strengthen partnerships with other major online platforms in China[9]. - The company is focusing on expanding partnerships with other B2C e-commerce platforms to reduce reliance on the leading platform[13]. - The company anticipates that the online retail channel will contribute more revenue in 2019[13]. - The company has allocated RMB 14.2 million of the net proceeds from the IPO for marketing investments, product design, and store openings, with a focus on social media marketing[44]. - The company plans to enhance its market position in the Chinese women's handbag market through increased marketing efforts and product design improvements[37]. Operational Changes - The number of direct-operated stores was reduced from five to three, lowering operational risks and costs[12]. - Administrative and other operating expenses reduced by RMB 8.1 million or 22.8% to RMB 27.6 million, while post-listing operational costs increased[28]. - The group had no significant investments, acquisitions, or disposals of subsidiaries and associates during the year ended December 31, 2018[34]. - The company has implemented strict supply chain management and quality control procedures to ensure high-quality products and services[154]. - The company collaborates with online store operators to enhance the operation of its self-operated online retail points[160]. Governance and Compliance - The company has maintained compliance with the corporate governance code as per GEM listing rules since its listing date on January 16, 2018[62]. - The board consists of eight directors, including three executive directors, two non-executive directors, and three independent non-executive directors[64]. - The company has established various board committees to enhance governance and oversight functions[63]. - The independent non-executive directors play a crucial role in ensuring the board acts in the best interests of the company and its shareholders[64]. - The company has engaged external consultants to review its internal control systems, which did not reveal any significant control deficiencies[98]. - The company has established a nomination policy that considers multiple criteria for appointing directors[90]. Environmental and Social Responsibility - The company emphasizes compliance with environmental regulations, including the Water Pollution Prevention Law and the Air Pollution Prevention Law in China[138]. - Employee training on environmental, health, and safety policies was provided to enhance awareness of environmental protection[138]. - The company aims to reduce energy consumption by utilizing natural light and implementing energy-efficient practices[143]. - The company prioritizes suppliers with environmental management system certifications during procurement[145]. - The company is committed to community contributions and encourages employee participation in various charitable activities[167]. Employee Management - The company employed 88 staff in Hong Kong and China, a decrease from 100 in 2017[46]. - Total employee costs for the year ended December 31, 2018, amounted to RMB 17.6 million, slightly down from RMB 17.8 million in 2017[46]. - The company provides various employee benefits, including insurance contributions and annual leave, in compliance with local laws[151]. - The company conducted employee health checks annually to ensure workplace safety and compliance with health regulations[150]. - The company organized recreational activities for employees, including birthday parties and trips, to promote work-life balance[152]. Market Outlook - The company maintains a cautiously optimistic outlook for future performance amid signs of easing tensions in the US-China trade war and improved liquidity policies from the Chinese government[9]. - Management believes that consumer spending in China will continue to grow due to rising purchasing power and stable economic growth, expecting a return to business growth in 2019[37]. Legal and Regulatory Matters - The company adheres to data protection and privacy laws, ensuring employee confidentiality regarding sensitive information[165]. - There were no legal cases related to corruption during the year, reflecting the company's strict compliance with anti-corruption laws[166]. - The company has maintained its business nature without significant changes during the year[175].