Financial Performance - Revenue for the three months ended December 31, 2019, was HKD 14,468,000, a decrease of 23% compared to HKD 18,886,000 for the same period in 2018[7] - Gross profit for the nine months ended December 31, 2019, was HKD 35,081,000, down 15.1% from HKD 41,214,000 in the previous year[7] - The company reported a loss attributable to owners of HKD 2,556,000 for the three months ended December 31, 2019, compared to a loss of HKD 5,444,000 in the same period of 2018, representing a 53% improvement[7] - Total comprehensive loss for the nine months ended December 31, 2019, was HKD 8,700,000, a decrease of 49.3% from HKD 17,179,000 in the previous year[7] - Basic loss per share for the three months ended December 31, 2019, was HKD 0.53, compared to HKD 1.13 for the same period in 2018[7] - The company reported total revenue of HKD 47,409,000 for the nine months ended December 31, 2019, a decrease of 8.5% compared to HKD 51,715,000 for the same period in 2018[112] - Revenue from the sale of women's lingerie and related products was HKD 45,567,000 for the nine months ended December 31, 2019, down from HKD 48,843,000 in the previous year, representing a decline of 4.7%[112] - The company reported a loss attributable to owners of approximately HKD 8.7 million for the nine months ended December 31, 2019, compared to a loss of approximately HKD 17.0 million for the same period in 2018, indicating a reduction in losses[142] Expenses and Costs - The company incurred administrative and other operating expenses of HKD 24,489,000 for the nine months ended December 31, 2019, down 18.5% from HKD 29,962,000 in the previous year[7] - The company incurred interest expenses of HKD 819,000 related to lease liabilities during the reporting period[107] - Sales expenses decreased from approximately HKD 28.2 million for the nine months ended December 31, 2018, to approximately HKD 19.7 million for the same period in 2019, a reduction of about HKD 8.5 million[137] - Administrative expenses decreased from approximately HKD 30.0 million for the nine months ended December 31, 2018, to approximately HKD 24.5 million for the same period in 2019, a reduction of about HKD 5.5 million[137] Market Presence and Strategy - The company aims to expand its market presence in Hong Kong, Macau, and mainland China through the manufacturing and retail of women's lingerie products[51] - The company opened three new retail stores in Hong Kong during the review period, enhancing its market presence[129] - The company ceased operations of three retail stores in China and Macau during the review period, indicating a strategic contraction in certain markets[129] - The company plans to adopt a conservative and prudent approach to profitability in response to ongoing social events and economic impacts in Hong Kong[134] Accounting and Financial Reporting - The group recognized right-of-use assets amounting to approximately HKD 21,270,000 as of April 1, 2019[87] - The group confirmed additional lease liabilities of approximately HKD 22,315,000 due to the adoption of HKFRS 16[88] - The net impact of these adjustments resulted in a decrease of approximately HKD 1,045,000 in retained earnings[89] - As of December 31, 2019, the company's lease liabilities amounted to HKD 22,315,000, reflecting an increase from HKD 19,578,000 as of March 31, 2019[94] - The company recognized a right-of-use asset of HKD 18,817,000 as of December 31, 2019, down from HKD 21,270,000 at the beginning of the period[107] - The estimated taxable profits for Hong Kong profits tax were calculated at a rate of 8.25% on the first HKD 2 million and 16.5% on the excess, consistent with the previous year[116] - The company applied exemptions for short-term leases and low-value asset leases, which are recognized as expenses on a straight-line basis over the lease term[100] - The company has not adopted new accounting standards that are not yet effective, as they are not expected to have a significant impact on the financial statements[107] - The audit committee has reviewed the unaudited condensed consolidated results for the nine months ended December 31, 2019, ensuring compliance with applicable accounting standards and GEM listing rules[170] Other Financial Information - Other income for the three months ended December 31, 2019, was HKD 351,000, significantly higher than HKD 18,000 in the same period of 2018[7] - The company reported a finance cost of HKD 290,000 for the three months ended December 31, 2019, compared to HKD 23,000 in the same period of 2018[7] - The company recorded revenue of approximately HKD 47.4 million for the nine months ended December 31, 2019, a decrease of about 8.3% compared to HKD 51.7 million for the same period in 2018[135] - The gross profit margin decreased from 79.7% for the nine months ended December 31, 2018, to 74.0% for the same period in 2019, a reduction of approximately 5.7%[136] - The company reported a total of HKD 246,000 in unutilized prepaid ticket income for the nine months ended December 31, 2019, compared to HKD 2,861,000 in the previous year[112] - The company did not declare any dividends for the nine months ended December 31, 2019, consistent with the previous year[123] - Global Succeed Group Limited holds 360,000,000 shares, representing 75% of the company's issued share capital[151] - The company has not granted any options under the share option scheme as of the report date[158] - The net proceeds from the public offering amounted to approximately HKD 16.7 million, which will be used according to the company's future plans disclosed in the prospectus[130]

Financial Performance - For the six months ended September 30, 2019, the company reported a revenue of HKD 32,941,000, a slight increase from HKD 32,829,000 in the same period of 2018, representing a growth of 0.34%[8] - The gross profit for the same period was HKD 25,954,000, compared to HKD 26,789,000 in 2018, indicating a decrease of 3.1%[8] - The company recorded an operating loss before tax of HKD 6,173,000 for the six months ended September 30, 2019, an improvement from a loss of HKD 11,499,000 in the previous year, reflecting a reduction of 46.1%[8] - The company reported a net loss attributable to owners of HKD 6,138,000 for the six months ended September 30, 2019, compared to a loss of HKD 11,688,000 in the same period of 2018, showing a 47.5% improvement[8] - The basic loss per share for the six months ended September 30, 2019, was HKD 1.29, compared to HKD 2.40 in the same period of 2018, indicating a decrease of 46.25%[8] - For the six months ended September 30, 2019, the company reported a total comprehensive loss of HKD 30,976,000 compared to a loss of HKD 10,812,000 for the same period in 2018, representing an increase in loss of approximately 186%[28] - The group reported a total revenue of HKD 32,941,000 for the six months ended September 30, 2019, compared to HKD 32,829,000 for the same period in 2018, reflecting a slight increase of 0.34%[99] - The group recorded a pre-tax loss of HKD 6,173,000 for the six months ended September 30, 2019, compared to a loss of HKD 11,531,000 for the same period in 2018, indicating an improvement of 46.36%[116] - The group’s revenue from the sale of women's lingerie and related products was HKD 31,556,000 for the six months ended September 30, 2019, compared to HKD 29,573,000 in the same period of 2018, representing an increase of 6.68%[99] - The loss attributable to owners of the company was approximately HKD 6.2 million for the six months ended September 30, 2019, compared to a loss of approximately HKD 11.5 million in the same period of 2018, mainly due to cost control measures[161] Assets and Liabilities - The total assets less current liabilities as of September 30, 2019, were HKD 8,895,000, down from HKD 16,423,000 as of March 31, 2019[16] - The company’s cash and bank balances decreased to HKD 5,454,000 from HKD 12,234,000 as of March 31, 2019, representing a decline of 55.4%[11] - The company’s total equity decreased to HKD 8,638,000 as of September 30, 2019, from HKD 15,821,000 as of March 31, 2019, a decline of 45.4%[16] - The company's current liabilities net value was approximately HKD 60.8 million, an increase from HKD 35.6 million as of March 31, 2019, due to the adoption of HKFRS 16[162] - The debt-to-equity ratio as of September 30, 2019, was approximately 259%, significantly higher than 8.0% as of March 31, 2019, primarily due to a decrease in equity and the increase in lease liabilities[164] Cash Flow - The net cash used in operating activities for the six months was HKD 7,248,000, a significant decline from the net cash generated of HKD 944,000 in the previous period[33] - The company's cash and cash equivalents decreased to HKD 5,454,000 from HKD 12,234,000, indicating a reduction of approximately 55%[33] Accounting Standards and Changes - The company adopted HKFRS 16 Leases, which resulted in the recognition of right-of-use assets amounting to HKD 21,270,000 as of April 1, 2019[48] - The total liabilities increased due to the recognition of lease liabilities under HKFRS 16, amounting to HKD 22,315,000 as of April 1, 2019[53] - The adjustment to retained earnings due to the adoption of the new accounting standard was approximately HKD 1,045,000[72] - The company has not reported any significant impact from the adoption of other new accounting standards effective from January 1, 2019[42] Operational Developments - The company aims to enhance its market presence and product offerings through strategic initiatives and potential new product developments in the upcoming periods[8] - The company is primarily engaged in the manufacturing and retail of women's lingerie products, beauty services, and apparel trading, with operations in Hong Kong, Macau, and mainland China[35] - The company opened two new retail stores in Hong Kong during the review period, while closing three stores in mainland China and Macau[147] - The group is currently seeking suitable new factories and warehouses in China to enhance production capacity and product development capabilities[182] - The group is developing a VIP mobile application to improve operational efficiency and allow VIP members to access account information[183] Shareholding and Related Party Transactions - As of September 30, 2019, Global Succeed Group Limited holds 360,000,000 shares, representing 75% of the company's issued share capital[197] - Both Mr. Chan Lun Shu and Mr. Yao Guan Bang are deemed to have a 50% beneficial ownership in Global Succeed Group Limited, which directly owns the 360,000,000 shares[197] - The company has disclosed no other individuals with significant shareholdings as of September 30, 2019, apart from those mentioned[198] - The company has engaged in related party transactions, paying HKD 228,000 in consultancy and advisory fees for the six months ended September 30, 2019[142] Employee Costs - The total employee costs amounted to HKD 15,315,000 for the six months ended September 30, 2019, a decrease of 2.68% from HKD 15,739,000 in the same period of 2018[104] Dividends - The group did not declare any dividends for the six months ended September 30, 2019, consistent with the previous year[110]

Financial Performance - The company reported revenue of HKD 17,277,000 for the three months ended June 30, 2019, representing a 8.14% increase from HKD 15,977,000 in the same period of 2018[8]. - Gross profit for the same period was HKD 13,427,000, compared to HKD 13,107,000 in 2018, indicating a growth of 2.44%[8]. - The company incurred a loss attributable to owners of HKD 3,550,000, an improvement from a loss of HKD 6,016,000 in the previous year, reflecting a reduction of 41.00%[8]. - The basic loss per share decreased to HKD 0.74 from HKD 1.25, showing a 41.00% improvement year-over-year[8]. - The total comprehensive loss for the period was HKD 3,673,000, an improvement from HKD 6,144,000 in the same period last year, reflecting a reduction of 40.19%[8]. - The company recorded revenue of approximately HKD 17.3 million for the three months ended June 30, 2019, an increase of about 8.1% compared to HKD 16.0 million for the same period in 2018[46]. - The gross profit margin decreased from approximately 82.0% for the three months ended June 30, 2018, to about 77.7% for the same period in 2019, primarily due to increased production costs[51]. - The loss attributable to the company's owners was approximately HKD 3.6 million for the three months ended June 30, 2019, a decrease from approximately HKD 6.0 million for the same period in 2018[54]. Revenue Sources - Revenue from the sale of women's lingerie and related products was HKD 16,286,000, up from HKD 14,938,000, marking a 9.02% increase[25]. - The company generated HKD 666,000 from unutilized prepaid ticket income, down from HKD 1,039,000, a decrease of 35.93%[25]. - The company provided beauty services that generated HKD 325,000 in revenue, compared to HKD 1,000 in the previous year[25]. Expenses and Taxation - Sales and administrative expenses decreased to approximately HKD 8.3 million and HKD 8.7 million, respectively, for the three months ended June 30, 2019, compared to HKD 9.5 million and HKD 9.4 million for the same period in 2018[52]. - The income tax expense decreased significantly from approximately HKD 33,000 for the three months ended June 30, 2018, to about HKD 100 for the same period in 2019[53]. - The estimated taxable profit for the three months ended June 30, 2019, was subject to a Hong Kong profits tax rate of 16.5%[31]. Dividends and Share Capital - The company did not recommend the distribution of dividends for the three months ended June 30, 2019, consistent with the same period in 2018[32]. - Global Succeed Group Limited holds 360,000,000 shares, representing 75% of the company's issued share capital[63]. - The company has not granted any options under the share option scheme as of the report date[70]. Operational Developments - The company opened two new retail stores in Hong Kong during the review period, enhancing its market presence[44]. - The company ceased operations of a retail store in Shenzhen, China, effective May 20, 2019[44]. Compliance and Reporting - The financial results were prepared in accordance with the Hong Kong Financial Reporting Standards and are presented in Hong Kong dollars[17]. - The audit committee has reviewed the unaudited condensed consolidated results for the three months ended June 30, 2019, and found them compliant with applicable accounting standards and GEM listing rules[84].

BOD/Bra 心 心 功 能 內 衣 心心芭迪貝伊集團有限公司 族開曼群島註冊成立之有限公司 股份代號：8297 年度報告 2018-19 | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------|-------|-------|--------------------------------------|------------------|--------------|-------|----------------------------------------------------------------------------------------------------| | | | | | | | | | | | | | | | | | | | | | | 香港聯合交易所有限公司（「聯交所」） | | | | GEM 之特色 | | | | | | | | | 的定位，乃為相比其他在聯交所上市的公司帶有較高投資風險的中小型公司提供一個上市的市場。有意投資 | | | | | | | | ...

Financial Performance - For the nine months ended December 31, 2018, the company reported revenue of HKD 51,715,000, a decrease of 8.4% compared to HKD 56,657,000 in the same period of 2017[3] - The gross profit for the same period was HKD 41,214,000, down 11.5% from HKD 46,517,000 year-on-year[3] - The company incurred a loss attributable to owners of HKD 16,975,000 for the nine months, compared to a loss of HKD 1,361,000 in the previous year, representing a significant increase in losses[3] - The basic loss per share for the nine months was HKD 3.54, compared to HKD 0.31 in the same period of 2017[3] - The total comprehensive loss for the nine months was HKD 17,179,000, compared to a loss of HKD 1,268,000 in the same period of 2017[3] - The group reported a basic loss per share of HKD 16,975,000 for the nine months ended December 31, 2018, compared to a loss of HKD 1,361,000 for the same period in 2017[96] - The group reported a loss of HKD 5,444,000 for the three months ended December 31, 2018, compared to a loss of HKD 1,443,000 for the same period in 2017[96] - The loss attributable to owners of the company was approximately HKD 17.0 million for the nine months ended December 31, 2018, significantly increasing from about HKD 1.4 million in the same period of 2017, mainly due to reduced revenue, increased selling expenses, and the lack of a prior year tax refund[119] Operational Costs - Administrative and listing expenses increased to HKD 29,962,000 from HKD 29,657,000 year-on-year, indicating a rise in operational costs[3] - Sales expenses increased from approximately HKD 23.5 million for the nine months ended December 31, 2017, to about HKD 28.2 million in the same period of 2018, an increase of approximately HKD 4.7 million due to rising rental and related expenses, employee costs, and marketing expenses[113] Market Presence and Strategy - The company aims to expand its market presence in Hong Kong and mainland China, focusing on the manufacturing and retail of women's lingerie products[77] - The company is actively engaged in the development of new products and technologies to enhance its competitive edge in the market[77] - The financial results reflect the challenges faced in the current market environment, prompting the company to reassess its strategies moving forward[77] - The group has expanded its retail presence in Macau and China, opening new stores in June and December 2018, and a new store in Shenzhen on September 1, 2018[106] Revenue Breakdown - The group's revenue from sales of women's lingerie and beauty services for the nine months ended December 31, 2018, was HKD 51,715,000, a decrease of 8.5% compared to HKD 56,657,000 for the same period in 2017[83] - The group's revenue from beauty services was HKD 11,000 for the nine months ended December 31, 2018, unchanged from the same period in 2017[83] - The group recorded revenue of approximately HKD 51.7 million, a decrease of about 8.8% compared to HKD 56.7 million in the same period of 2017, primarily due to ongoing intense market competition affecting sales volume[111] Financial Reporting and Compliance - The estimated tax rate for Hong Kong profits tax is 16.5% for the three and nine months ended December 31, 2018, consistent with the same periods in 2017[89] - The group has not recommended any dividends for the nine months ended December 31, 2018, consistent with the same period in 2017[91] - The group has adopted all new and revised Hong Kong Financial Reporting Standards effective from April 1, 2018, with no early application of standards yet to be effective[82] - The income tax expense rose from a tax credit of approximately HKD 5.3 million for the nine months ended December 31, 2017, to an expense of about HKD 32,000 in the same period of 2018, primarily due to the absence of a one-time tax refund received in the previous year[114] - The financial data for the nine months ending December 31, 2018, has not been audited by the company's auditors[149] - The audit committee has reviewed the unaudited condensed consolidated results and believes that the preparation of the results complies with applicable accounting standards and GEM listing rules[149] - The audit committee consists of independent non-executive directors, including Mr. Cai Zhenhui, Ms. Chen Jiaming, and Mr. Wang Jingqiang[149] Foreign Exchange Impact - The company reported a foreign exchange loss of HKD 204,000 for the nine months, compared to a gain of HKD 3,000 in the previous year[3] Investment Activities - The group acquired a 34% stake in a company primarily engaged in medical beauty services for HKD 32,640,000, which is expected to complement its existing business lines[101]