Financial Performance - For the three months ended June 30, 2022, the group recorded revenue of approximately HKD 124.6 million, an increase of approximately HKD 26.0 million or 26.3% compared to the same period in 2021[3]. - The net profit attributable to the owners of the company for the same period was approximately HKD 16.3 million, an increase of approximately HKD 6.5 million or 66.2% compared to HKD 9.8 million in the prior year[4]. - The gross profit for the three months ended June 30, 2022, was HKD 23.4 million, compared to HKD 16.6 million in the same period of 2021[8]. - The pre-tax profit for the period was HKD 19.5 million, compared to HKD 11.8 million for the same period in 2021[8]. - Basic earnings per share for the three months ended June 30, 2022, was HKD 5.82, compared to HKD 3.50 in the prior year[8]. - The total equity as of June 30, 2022, was HKD 207.2 million, an increase from HKD 170.3 million as of June 30, 2021[11]. - The company's revenue increased by approximately 26.3% from about HKD 98.7 million for the three months ended June 30, 2021, to about HKD 124.6 million for the three months ended June 30, 2022, primarily due to increased sales of products such as Clearwater brand scallops and Japanese sashimi scallops[44]. - The net profit for the three months ended June 30, 2022, was approximately HKD 16.3 million, compared to about HKD 9.8 million for the same period in 2021, indicating a significant increase in profitability[39]. Revenue Breakdown - Revenue from crab and roe was HKD 13.26 million for the three months ended June 30, 2022, up from HKD 10.07 million in the same period of 2021, representing a growth of 31.8%[24]. - Revenue from shrimp products reached HKD 31.30 million for the three months ended June 30, 2022, compared to HKD 27.98 million in the previous year, marking an increase of 11.8%[24]. - The company reported a total revenue of HKD 124.63 million for the three months ended June 30, 2022, with major contributions from frozen seafood resellers and food service providers[27]. - The company’s revenue from external customers was HKD 100.57 million from Hong Kong, HKD 10.13 million from Macau, and HKD 13.73 million from mainland China for the three months ended June 30, 2022[28]. Costs and Expenses - The cost of goods sold for the three months ended June 30, 2022, was approximately HKD 101.3 million, an increase of about 23.5% compared to HKD 82.0 million for the same period in 2021[45]. - Gross profit for the three months ended June 30, 2022, was approximately HKD 23.4 million, a 40.4% increase from HKD 16.6 million for the same period in 2021, with a gross margin of 18.7%, up 1.8 percentage points from 16.9%[46]. - Sales and distribution costs remained stable at approximately HKD 2.7 million for both the three months ended June 30, 2022, and 2021, representing 2.1% and 2.7% of total revenue, respectively[48]. - Administrative expenses for the three months ended June 30, 2022, were approximately HKD 2.0 million, a slight increase of about 1.3% from HKD 1.9 million for the same period in 2021[49]. - Financial costs increased from approximately HKD 16,000 for the three months ended June 30, 2021, to approximately HKD 22,000 for the same period in 2022[50]. - Tax expenses for the three months ended June 30, 2022, were approximately HKD 3.26 million, an increase of about 64.7% from HKD 1.98 million for the same period in 2021[51]. Dividends and Shareholder Information - The board of directors did not recommend the payment of a dividend for the three months ended June 30, 2022[5]. - The company did not recommend the payment of an interim dividend for the period[35]. - The basic earnings per share for the three months ended June 30, 2022, was calculated based on a profit attributable to owners of HKD 16.29 million, with a weighted average number of ordinary shares of 280 million[36]. Corporate Governance and Compliance - The financial statements were prepared in accordance with the Hong Kong Financial Reporting Standards applicable to interim financial reporting[17]. - The company did not disclose any new product developments, market expansions, or mergers and acquisitions during the reporting period[20]. - The company has adopted trading guidelines for directors in compliance with GEM Listing Rules, and all directors confirmed adherence to these guidelines since the listing date[72]. - The company has complied with the corporate governance code since its listing on October 19, 2017[76]. - The audit committee reviewed the unaudited condensed consolidated financial statements for the three months ended June 30, 2022, and found them compliant with applicable accounting standards and GEM Listing Rules[79]. Future Outlook and Challenges - The company anticipates ongoing challenges due to uncertainties related to the COVID-19 pandemic but remains committed to cost-saving measures and evaluating the impact on operations and financial performance[40]. - The company has established sales agency arrangements with several new overseas suppliers and will continue to seek exclusive agency agreements to enhance its product offerings[43]. Other Information - The company did not report any significant investments, acquisitions, or disposals for the three months ended June 30, 2022[57]. - No purchase, sale, or redemption of the company's listed securities occurred during the three months ended June 30, 2022[70]. - No competition or conflict of interest was reported among directors or major shareholders during the three months ended June 30, 2022[71]. - No stock options were granted, exercised, expired, or lapsed under the stock option plan during the three months ended June 30, 2022[73]. - As of June 30, 2022, the company's total equity attributable to owners was approximately HKD 207.2 million, up from HKD 190.9 million as of March 31, 2022[55]. - The company's debt-to-equity ratio as of June 30, 2022, was approximately 0.3%, down from 0.5% as of March 31, 2022[56].

Financial Performance - The company reported a revenue increase of approximately HKD 80.9 million or 24.7%, reaching about HKD 408.6 million for the fiscal year ending March 31, 2022[7]. - Net profit for the fiscal year was approximately HKD 37.4 million, up from HKD 27.3 million in the previous fiscal year, primarily due to increased revenue and higher profit margins[7]. - Revenue increased by approximately 24.7% from about HKD 327.7 million for the year ended March 31, 2021, to about HKD 408.6 million for the year ended March 31, 2022[23]. - The company recorded a net profit of approximately HKD 37.4 million for the year ended March 31, 2022, compared to HKD 27.3 million for the year ended March 31, 2021, representing an increase of about 37.0%[21]. - Gross profit for the year ended March 31, 2022, was approximately HKD 64.7 million, up about 32.9% from HKD 48.7 million for the previous year[27]. - The gross profit margin increased to approximately 15.8% for the year ended March 31, 2022, compared to 14.9% for the previous year, an increase of about 0.9 percentage points[27]. - Cost of goods sold was approximately HKD 343.9 million for the year ended March 31, 2022, an increase of about 23.2% from HKD 279.1 million for the previous year[24]. - Selling and distribution costs rose to approximately HKD 11.1 million for the year ended March 31, 2022, a 39.4% increase from HKD 8.0 million for the previous year[28]. - Administrative expenses slightly decreased to approximately HKD 7.8 million for the year ended March 31, 2022, from HKD 8.2 million for the previous year[28]. - Tax expenses increased by approximately HKD 2.0 million or 33.1%, from HKD 6.0 million for the year ended March 31, 2021, to HKD 8.0 million for the year ended March 31, 2022[30]. - Cash and cash equivalents as of March 31, 2022, were approximately HKD 48.8 million, compared to HKD 35.6 million as of March 31, 2021[37]. - Total equity attributable to the owners of the company was approximately HKD 190.9 million as of March 31, 2022, up from HKD 160.5 million as of March 31, 2021[37]. - The group had total debt of approximately HKD 0.9 million as of March 31, 2022, down from HKD 2.5 million as of March 31, 2021[37]. - The group’s debt-to-equity ratio was approximately 0.5% as of March 31, 2022, compared to 1.6% as of March 31, 2021[40]. - Employee costs totaled approximately HKD 6.4 million for the year ended March 31, 2022, compared to HKD 5.9 million for the year ended March 31, 2021[46]. - The proposed final dividend for the year ended March 31, 2022, is HKD 0.033 per share, totaling HKD 9,240,000, compared to HKD 0.025 per share and HKD 7,000,000 for the previous year[55]. Business Operations - The company serves over 410 customers, primarily frozen seafood resellers and suppliers, offering a variety of over 100 types of seafood products[8]. - The ongoing COVID-19 pandemic continues to impact the business environment, particularly affecting the restaurant sector in Hong Kong[8]. - The company aims to closely monitor market conditions and adapt its strategies to improve business performance amid ongoing challenges[8]. - The company has established sales agency arrangements with several new overseas suppliers since its listing and will seek more exclusive agency or sales arrangements[22]. - The net proceeds from the share issuance provide financial resources to support the company's business opportunities and strategies, strengthening its market position in the frozen seafood import and wholesale industry in Hong Kong[22]. - The largest customer accounted for approximately 5.9% of total sales, while the top five customers represented about 21.1% of total revenue for the fiscal year ending March 31, 2022, compared to 4.6% and 18.7% in 2021, respectively[59]. - The largest supplier accounted for approximately 14.0% of total purchases, with the top five suppliers making up about 42.8% of total procurement, compared to 13.7% and 41.9% in 2021, respectively[59]. - The company maintained good relationships with employees, customers, and suppliers, with no significant disputes reported for the fiscal year ending March 31, 2022[60]. Governance and Compliance - The board of directors includes executive directors and independent non-executive directors, with terms set to be renewed at the upcoming annual general meeting on August 18, 2022[60]. - The company has not entered into any management or administrative contracts concerning the majority of its business as of March 31, 2022[67]. - The company’s independent non-executive directors have confirmed their independence in accordance with GEM Listing Rules[64]. - The total number of shares held by the major shareholders, including 嘉信控股有限公司, is 201,600,000, representing approximately 72% of the total shares[76]. - The remuneration of directors and senior management is determined by the remuneration committee based on the group's performance and market statistics[66]. - There were no arrangements allowing directors to benefit from acquiring shares or debt securities of the company or any other entity during the fiscal year ending March 31, 2022[73]. - The company has complied with GEM Listing Rules Chapter 20 regarding the disclosure of continuing connected transactions during the review year[83]. - The company has maintained sufficient public float as required by GEM Listing Rules during the reporting period[91]. - The company has purchased appropriate directors and officers liability insurance for its directors and senior officers[85]. - The company has confirmed that there are no interests or potential conflicts of interest from directors or controlling shareholders in any competing business[88]. - The company has adhered to environmental laws and is committed to minimizing its negative impact on the environment[93]. - The company has not purchased, sold, or redeemed any of its listed securities since the listing date[90]. - The company has not granted, exercised, or canceled any options under the share option scheme as of March 31, 2022[99]. - The stock option plan allows the issuance of up to 28,000,000 shares, which is 10% of the total shares issued as of the report date[104]. - The maximum number of shares that can be issued due to the exercise of stock options in any twelve-month period is limited to 1% of the issued shares, unless prior approval is obtained from shareholders[105]. - The stock option plan is valid for ten years from the listing date, which is October 19, 2017[109]. - Eligible participants must pay HKD 1 when accepting the stock option offer[107]. - The exercise price for the stock options will be determined by the board but cannot be lower than the higher of the par value or the closing price on the offer date[108]. Environmental, Social, and Governance (ESG) Commitment - The company emphasizes its commitment to corporate social responsibility, focusing on ethical behavior, employee health and safety, and community engagement[113]. - The company has established a structured governance framework for overseeing its environmental, social, and governance strategies and reporting[184]. - The company prioritizes product safety, quality control, supply chain management, and community contributions as key sustainability issues[185]. - The company encourages stakeholder feedback on its environmental, social, and governance policies and performance through its website[186]. - The company’s environmental, social, and governance report is prepared in accordance with the GEM listing rules and guidelines set by the Hong Kong Stock Exchange[174]. - The company provides additional services such as product procurement, quality assurance, warehousing, and transportation to enhance product value[184]. - Total greenhouse gas emissions for the year ending March 31, 2022, amounted to 1,385.26 tons, including Scope 1, Scope 2, and Scope 3 emissions[195]. - The company's annual fuel consumption for trucks was approximately 16,587 liters, covering a distance of about 47,308 kilometers[193]. - The total amount of refrigerant consumed by the company's refrigeration storage equipment was approximately 122.4 kilograms for the year ending March 31, 2022[198]. - The company's annual electricity consumption was approximately 980,880 kilowatt-hours, resulting in Scope 2 emissions of 362,925.6 kilograms of CO2[200]. - The total Scope 1 emissions from direct operations, including road transport, were 43,782.0 kilograms of greenhouse gases[195]. - The company reported nitrogen oxides emissions of 148.2 kilograms, sulfur oxides emissions of 0.3 kilograms, and particulate matter emissions of 14.7 kilograms[194]. - The total CO2 emissions from refrigerants were reported at 977,007.0 kilograms[199]. - The company is committed to balancing effective operations with environmental protection and adheres to environmental laws and regulations[191]. - The company regularly monitors business operations and reviews material consumption data to minimize environmental pollution[192]. - The company promotes energy conservation and emission reduction throughout all processes from procurement to sales and delivery[191].

Ocean One Holding Ltd. 大洋環球控股有限公司 (於開曼群島註冊成立之有限公司) 股份代號：8476 第三季度業績報告 2021 香港聯合交易所有限公司(「聯交所」) GEM 的特色 GEM 乃為較其他於聯交所上市的公司帶有較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該等公司的潛在風險,並應經過審慣周詳考慮後方作出投資決定。 由於 GEM 上市 公司一般為中小型公司,在 GEM 買賣的證券可能會承受較於聯交所主板買賣 的證券為高的市場波動風險,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香港聯合交易所有限公司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之任何損失承擔任何責任。 本報告載有根據GEM證券上市規則(「GEM上市規則」)規定須提供有關大洋環球控股有限公 司(「本公司」)資料的詳情·本公司董事(「董事」)就本報告共同及個別承擔全部黃任。董事於 作出一切合理查詢後確認,就彼等所深知及確信·本報告所載資料於所有重大方面均屬準確 完整 · ...

Financial Performance - The group recorded revenue of approximately HKD 205.1 million for the six months ended September 30, 2021, an increase of about HKD 44.3 million or 27.6% compared to the same period in 2020[3]. - The net profit attributable to the owners of the company was approximately HKD 19.7 million, representing an increase of about HKD 6.4 million or 48.6% from HKD 13.2 million for the six months ended September 30, 2020[4]. - The gross profit for the six months ended September 30, 2021, was HKD 33.6 million, up from HKD 22.8 million in the same period of 2020, indicating a significant improvement in profitability[8]. - The basic earnings per share for the six months ended September 30, 2021, was HKD 7.03, compared to HKD 4.73 for the same period in 2020, reflecting a growth of 48.6%[8]. - The group reported a net profit margin of approximately 9.6% for the six months ended September 30, 2021, compared to 8.2% for the same period in 2020, indicating improved operational efficiency[4]. - For the six months ended September 30, 2021, the company's profit attributable to owners was HKD 19,676,000, an increase of 48.5% compared to HKD 13,245,000 for the same period in 2020[47]. - Revenue increased by approximately 27.6% to about HKD 205.1 million for the six months ended September 30, 2021, compared to approximately HKD 160.8 million for the same period in 2020[75]. Revenue Breakdown - Revenue from frozen seafood products for the six months ended September 30, 2021, was HKD 205,087 thousand, up from HKD 160,763 thousand in the same period of 2020, representing a growth of approximately 27.5%[37]. - The revenue from shrimp products increased to HKD 55,790 thousand for the six months ended September 30, 2021, compared to HKD 30,171 thousand in the same period of 2020, marking an increase of 85.1%[37]. - Revenue from crab and roe products reached HKD 20,498 thousand for the six months ended September 30, 2021, compared to HKD 12,862 thousand in the same period of 2020, reflecting a growth of 59.1%[37]. - The company reported that sales to frozen seafood resellers accounted for HKD 197,971 thousand for the six months ended September 30, 2021, compared to HKD 153,107 thousand in the previous year, indicating a growth of 29.5%[40]. - Revenue from Hong Kong for the six months ended September 30, 2021, was HKD 172,388 thousand, up from HKD 128,342 thousand in the same period of 2020, representing an increase of 34.4%[41]. Cash Flow and Financial Position - The total assets less current liabilities as of September 30, 2021, amounted to HKD 173.7 million, an increase from HKD 161.4 million as of March 31, 2021[14]. - The group’s cash and cash equivalents decreased to HKD 24.1 million from HKD 35.6 million as of March 31, 2021[11]. - Trade and other receivables increased significantly to HKD 76.5 million from HKD 51.9 million as of March 31, 2021, indicating improved sales performance[11]. - The group’s total equity as of September 30, 2021, was HKD 173.2 million, up from HKD 160.5 million as of March 31, 2021[14]. - For the six months ended September 30, 2021, the net cash used in operating activities was HKD (3,594) thousand, a significant decrease from HKD 19,669 thousand in the same period of 2020[24]. - The total cash and cash equivalents decreased by HKD 11,506 thousand, ending at HKD 24,086 thousand compared to HKD 28,781 thousand at the end of the previous period[24]. - The bank borrowings as of September 30, 2021, were HKD 356,000, a decrease of 55.3% from HKD 796,000 as of March 31, 2021[59]. - The company's debt-to-equity ratio was approximately 0.9% as of September 30, 2021, a decrease from 1.6% as of March 31, 2021, reflecting a stronger balance sheet[93]. Expenses and Costs - The cost of goods sold for the six months ended September 30, 2021, was approximately HKD 171.5 million, representing an increase of about 24.2% from approximately HKD 138.0 million for the same period in 2020[76]. - Selling and distribution costs increased by approximately 53.4% to about HKD 5.3 million for the six months ended September 30, 2021, compared to approximately HKD 3.5 million for the same period in 2020[80]. - Administrative expenses slightly increased to approximately HKD 4.0 million for the six months ended September 30, 2021, from approximately HKD 3.8 million for the same period in 2020, representing an increase of about 4.7%[81]. - Tax expenses for the six months ended September 30, 2021, were approximately HKD 4.2 million, an increase of about 54.6% from approximately HKD 2.7 million for the same period in 2020[83]. Dividends and Shareholder Returns - The group did not recommend the payment of a dividend for the six months ended September 30, 2021[5]. - The company declared an interim dividend of HKD 0.025 per share, totaling HKD 7,000,000 for the period, compared to HKD 6,160,000 for the same period last year[46]. - The board did not recommend any dividend distribution for the six months ended September 30, 2021, consistent with the previous year[95]. Corporate Governance and Compliance - The company has complied with the corporate governance code since its listing on October 19, 2017, ensuring effective management and internal procedures[127]. - The Audit Committee was established on September 21, 2017, and consists of three independent non-executive directors[128]. - The Audit Committee's main responsibilities include recommending the appointment and dismissal of external auditors, reviewing financial statements, and overseeing internal control procedures[130]. - The Committee reviewed the unaudited condensed consolidated financial statements for the six months ended September 30, 2021, and found them compliant with applicable accounting standards and GEM listing rules[130]. - The Board of Directors is composed of Executive Directors and Independent Non-Executive Directors, ensuring a balanced governance structure[130]. Strategic Initiatives - The company plans to continue seeking exclusive agency agreements with existing and new overseas suppliers to expand its product portfolio and maintain competitiveness[74]. - The net proceeds from the share offering amounted to approximately HKD 63.0 million, which will be used for enhancing storage capacity and other strategic initiatives[86]. - The net proceeds from the public offering and placement amounted to approximately HKD 63.0 million, strengthening the company's financial position for business expansion[92]. - No significant investments, acquisitions, or disposals were made by the group during the six months ended September 30, 2021[94]. - The company has not engaged in any buybacks or repurchases of its listed securities during the six months ended September 30, 2021[120].

Financial Performance - For the three months ended June 30, 2021, the group recorded revenue of approximately HKD 98.7 million, an increase of about HKD 11.6 million or 13.3% compared to the same period in 2020[3]. - The net profit attributable to the owners of the company for the same period was approximately HKD 9.8 million, representing an increase of about HKD 2.3 million or 30.5% from HKD 7.5 million in the prior year[3]. - The gross profit for the three months ended June 30, 2021, was HKD 16.6 million, compared to HKD 12.4 million for the same period in 2020, indicating a significant improvement in profitability[6]. - The basic earnings per share for the period was HKD 3.50, up from HKD 2.68 in the previous year[6]. - The company reported a pre-tax profit of HKD 11.8 million for the three months ended June 30, 2021, compared to HKD 8.9 million in the same period of 2020[6]. - The company reported a gross profit margin increase, attributed to higher sales volumes and improved product mix despite the challenges posed by COVID-19[31]. - Gross profit for the three months ended June 30, 2021, was approximately HKD 16.6 million, a 34.6% increase from HKD 12.4 million in the same period of 2020, with a gross margin of approximately 16.9%, up 2.7 percentage points from 14.2%[37]. Revenue Sources - The company's revenue increased by approximately 13.3% from about HKD 87.1 million for the three months ended June 30, 2020, to about HKD 98.7 million for the three months ended June 30, 2021, primarily due to increased sales of products such as sweet shrimp and king crab legs[35]. - Revenue from frozen seafood wholesalers was HKD 94.891 million for the three months ended June 30, 2021, up from HKD 82.360 million in the same period of 2020, reflecting a growth of approximately 15.5%[20]. - The revenue from the Hong Kong market was HKD 83.669 million for the three months ended June 30, 2021, compared to HKD 68.405 million for the same period in 2020, representing an increase of approximately 22.4%[21]. Expenses and Costs - The cost of goods sold for the three months ended June 30, 2021, was HKD 82.0 million, compared to HKD 74.7 million in the same period last year[6]. - Selling and distribution costs for the three months ended June 30, 2021, were approximately HKD 2.7 million, a 59.5% increase from HKD 1.7 million in the same period of 2020, representing 2.7% of total revenue[39]. - Administrative expenses for the period were HKD 1.9 million, slightly up from HKD 1.9 million in the previous year[6]. - Tax expenses for the three months ended June 30, 2021, were approximately HKD 1.98 million, an increase of 39.1% from HKD 1.42 million in the same period of 2020[42]. Equity and Dividends - The total equity as of June 30, 2021, was HKD 170.3 million, an increase from HKD 146.8 million as of June 30, 2020[8]. - The board of directors did not recommend the payment of a dividend for the three months ended June 30, 2021[4]. - The company does not recommend the payment of an interim dividend for the period[28]. - The board did not recommend any dividend distribution for the three months ended June 30, 2021[50]. Shareholder Information - Major shareholder, Charson Holdings Limited, holds 201,600,000 shares, representing 72% of the total shares[56]. - The weighted average number of ordinary shares issued remained at 280,000,000 for both periods, with no potential ordinary shares to report for diluted earnings per share[29]. - The company did not purchase, sell, or redeem any of its listed securities during the three months ended June 30, 2021[60]. - No major or high-shareholding shareholders engaged in any business that directly or indirectly competes with the group during the reporting period[61]. Future Outlook and Challenges - The company anticipates facing significant challenges in its business due to the uncertainties caused by the COVID-19 pandemic, but remains cautiously optimistic about its future prospects[32]. - The company plans to enhance cost-saving measures in response to ongoing challenges from the COVID-19 pandemic while maintaining its market position in the frozen seafood import and wholesale industry[32]. - The company has established sales agency arrangements with several new overseas suppliers since its listing and will continue to seek exclusive agency arrangements to expand its product offerings[34]. Compliance and Governance - The audit committee, established on September 21, 2017, reviewed the unaudited condensed consolidated financial statements for the three months ended June 30, 2021, ensuring compliance with applicable accounting standards[66]. - The company has adopted the GEM Listing Rules for securities trading by directors, confirming compliance since the listing date[62]. - No stock options were granted, exercised, expired, or lapsed during the three months ended June 30, 2021[63]. - No significant investments, acquisitions, or disposals of subsidiaries were reported for the three months ended June 30, 2021[49].

Financial Performance - The company's revenue for the fiscal year 2021 increased by approximately HKD 4.0 million or 1.3% to about HKD 327.7 million compared to the fiscal year 2020[7] - The net profit for the fiscal year 2021 was approximately HKD 27.3 million, up from HKD 18.7 million in the fiscal year 2020[7] - The adjusted profit for the fiscal year 2021, excluding expenses related to the proposed transfer of listing, was HKD 27.8 million, compared to HKD 22.2 million in the fiscal year 2020[7] - The gross profit margin increased, contributing to the overall profit growth while operating expenses remained relatively stable[7] - For the fiscal year ending March 31, 2021, the company reported a profit of approximately HKD 27.8 million, an increase from HKD 22.2 million for the previous year, representing a growth of about 25.3%[21] - The company's revenue slightly increased by approximately 1.3% from HKD 323.7 million for the year ending March 31, 2020, to HKD 327.7 million for the year ending March 31, 2021[23] - Gross profit for the fiscal year ending March 31, 2021, was approximately HKD 48.7 million, up about 15.3% from HKD 42.2 million in the previous year[27] - The gross profit margin increased to approximately 14.9% for the fiscal year ending March 31, 2021, compared to 13.0% in the previous year, reflecting an increase of about 1.9 percentage points[27] Cost Management - Cost of goods sold decreased by approximately 0.8% from HKD 281.4 million for the year ending March 31, 2020, to HKD 279.1 million for the year ending March 31, 2021[24] - Selling and distribution costs increased by approximately 13.5% from HKD 7.0 million for the year ending March 31, 2020, to HKD 8.0 million for the year ending March 31, 2021[28] - Administrative expenses decreased from approximately HKD 11.4 million for the year ending March 31, 2020, to HKD 8.2 million for the year ending March 31, 2021, a reduction of about 28.9%[29] - The company plans to strengthen cost-saving measures in response to ongoing challenges posed by COVID-19[22] Market Position and Strategy - The company aims to strengthen its market position in the frozen seafood import and wholesale industry in Hong Kong[8] - The company plans to leverage its financial resources from being listed to seize business opportunities and implement strategies[8] - The net proceeds from the share offering will provide financial resources to support business opportunities and strategies, enhancing the company's market position in the frozen seafood import and wholesale industry in Hong Kong[22] - The company has established sales agency arrangements with several new overseas suppliers since its listing and will continue to seek exclusive agency or sales arrangements to enrich its product portfolio[22] Customer and Supplier Relationships - The company served over 390 customers, primarily frozen seafood resellers and suppliers, offering a variety of over 100 types of seafood products[8] - The largest customer accounted for approximately 4.6% of total sales, while the top five customers represented about 18.7% of total revenue for the year ended March 31, 2021, compared to 5.8% and 20.9% in 2020, respectively[62] - The largest supplier accounted for approximately 13.7% of total purchases, with the top five suppliers making up about 41.9% of total procurement for the year ended March 31, 2021, compared to 13.5% and 48.8% in 2020, respectively[62] - The company maintained good relationships with employees, customers, and suppliers, with no significant disputes reported for the year ended March 31, 2021[63] Corporate Governance - The board proposed a final dividend of HKD 0.025 per ordinary share, totaling HKD 7.0 million for the year ended March 31, 2021, compared to HKD 6.16 million for the previous year[56] - The board of directors includes five members, with the chairman and CEO being Mr. Chan Kin Fung[65] - The company has received independence confirmations from all independent non-executive directors, affirming their status as independent individuals[69] - The company has established specific committees, including the audit committee, remuneration committee, and nomination committee, to assist in effective governance[139] - The audit committee consists of three independent non-executive directors who review the financial statements and internal control systems[120] - The company has adhered to the corporate governance code since its listing date, with a commitment to maintaining high standards of governance practices[122] Risk Management and Internal Control - The risk management framework includes identifying significant risks, assessing their impact, and monitoring the effectiveness of management measures[160] - The group has established a clear organizational structure with defined responsibilities and authorization for risk management and internal control policies[161] - The board reviewed the risk management and internal control systems for the year ending March 31, 2021, and deemed them effective[164] - The company has implemented internal control policies regarding the disclosure of insider information[124] Environmental and Social Responsibility - The company emphasizes its commitment to corporate social responsibility, focusing on ethical behavior, employee health and safety, and environmental engagement[118] - The group emphasizes environmental and social responsibility as a core commitment, aiming to contribute to industry and societal development[183] - The total greenhouse gas emissions for the year ending March 31, 2021, amounted to 1,439.82 tons, including Scope 1, Scope 2, and Scope 3 emissions[194] - The total amount of non-hazardous waste generated was 293.0 kg per employee, with a significant portion coming from office paper waste[200] - The company did not generate any hazardous waste during the reporting period[200] Shareholder Engagement - The company has adopted a communication policy to ensure timely and accessible information for shareholders and investors[166] - The company secretary provides support to the board, ensuring compliance with policies and facilitating communication among board members[165] - The company encourages stakeholder feedback on its environmental, social, and governance policies and performance[187]

Ocean One Holding Ltd. 大洋環球控股有限公司 (於同曼群島註冊成立之有限公司) 股份代號：8476 第三季度 香港聯合交易所有限公司(「聯交所」) GEM 的特色 GEM 乃為較其他於聯交所上市的公司帶有較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該等公司的潛在風險,並應經過審慣周詳考慮後方作出投資決定。 由於 GEM 上市 公司一般為中小型公司,在 GEM 買賣的證券可能會承受較於聯交所主板買賣 的證券為高的市場波動風險,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香港聯合交易所有限公司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之任何損失承擔任何責任。 本般告戴有根據GEM證券上市規則(「GEM上市規則」)規定須提供有關大洋環球控股有限公 司(「本公司」)資料的詳情 · 本公司董事(「董事」)就本報告共同及個別承擔全部黃任。董事於 作出一切合理查詢後確認·就彼等所深知及確信·本報告所載資科於所有重大方面均屬準確 完整 · 且無誤導或欺 ...

Financial Performance - The group recorded revenue of approximately HKD 160.8 million for the six months ended September 30, 2020, a decrease of about HKD 7.6 million or 4.5% compared to HKD 168.4 million for the same period in 2019[3] - The net profit attributable to the owners of the company was approximately HKD 13.2 million, an increase of about HKD 5.2 million or 66.4% compared to HKD 8.0 million for the same period in 2019, mainly due to an increase in gross profit and gross profit margin[4] - The basic earnings per share for the six months ended September 30, 2020, was HKD 4.73, compared to HKD 2.84 for the same period in 2019, reflecting a significant improvement[8] - The group reported a gross profit of HKD 22.8 million for the six months ended September 30, 2020, compared to HKD 21.2 million for the same period in 2019, indicating a positive trend in profitability[8] - The total revenue for the three months ended September 30, 2020, was HKD 73,700,000, a decrease of 14.2% compared to HKD 85,905,000 for the same period in 2019[47] - The revenue from frozen seafood resellers for the six months ended September 30, 2020, was HKD 153,107,000, down from HKD 160,763,000 in the previous year, reflecting a decline of 4.1%[47] - The profit before tax for the three months ended September 30, 2020, was HKD 63,311,000, compared to HKD 74,935,000 for the same period in 2019, indicating a decrease of 15.6%[49] - The company’s total revenue for the six months ended September 30, 2020, was HKD 160,763,000, down from HKD 173,000,000 in the same period of 2019, reflecting a decrease of 7.1%[47] - Revenue decreased by approximately 4.5% from HKD 168.4 million for the six months ended September 30, 2019, to HKD 160.8 million for the same period in 2020, primarily due to a decline in sales of certain products[77] Cash Flow and Liquidity - The group’s cash and cash equivalents increased to HKD 28.8 million as of September 30, 2020, from HKD 16.2 million as of March 31, 2020, indicating improved liquidity[11] - Net cash generated from operating activities for the six months ended September 30, 2020, was HKD 20,106,000, compared to HKD 6,921,000 for the same period in 2019, representing a significant increase of 189%[21] - The net increase in cash and cash equivalents was HKD 12,553,000 for the six months ended September 30, 2020, compared to a decrease of HKD (5,104,000) in 2019, showing a turnaround in cash flow[21] - Cash and cash equivalents at the end of the period were HKD 28,781,000, up from HKD 15,749,000 in the previous year, marking an increase of 83%[21] - The company did not incur any new bank borrowings during the six months ended September 30, 2020, compared to HKD 22,000,000 in the same period of 2019[21] - The company paid dividends of HKD (6,160,000) in 2020, down from HKD (7,560,000) in 2019, indicating a reduction of 18% in dividend payouts[21] - Interest paid decreased to HKD (49,000) in 2020 from HKD (221,000) in 2019, reflecting a decrease of 78%[21] Assets and Liabilities - Total assets less current liabilities increased to HKD 147.7 million as of September 30, 2020, compared to HKD 141.1 million as of March 31, 2020[14] - The total equity of the group increased to HKD 146.4 million as of September 30, 2020, compared to HKD 139.3 million as of March 31, 2020, showing growth in shareholder value[14] - As of September 30, 2020, trade payables amounted to HKD 7,601,000, an increase from HKD 6,657,000 as of March 31, 2020[64] - As of September 30, 2020, total bank borrowings were approximately HKD 1.7 million, down from HKD 2.5 million as of March 31, 2020, with a debt-to-equity ratio of approximately 2.6%[92] Cost Management - The group’s administrative expenses decreased to HKD 3.8 million for the six months ended September 30, 2020, from HKD 7.0 million for the same period in 2019, indicating improved cost control[8] - The company’s sales and distribution costs for the six months ended September 30, 2020, were approximately HKD 3.5 million, slightly reduced from the same period in 2019[82] - Financial costs decreased from approximately HKD 221,000 for the six months ended September 30, 2019, to approximately HKD 49,000 for the six months ended September 30, 2020[84] - Administrative expenses decreased from approximately HKD 7.0 million for the six months ended September 30, 2019, to approximately HKD 3.8 million for the six months ended September 30, 2020, primarily due to reduced legal and professional fees related to the proposed transfer from GEM to the main board[83] Government Support and Subsidies - The company received government subsidies related to COVID-19 amounting to HKD 837,000, with HKD 567,000 recognized in the profit and loss for the six months ended September 30, 2020[50] Corporate Governance and Compliance - The audit committee reviewed the unaudited condensed consolidated financial statements for the six months ended September 30, 2020, and found them compliant with applicable accounting standards and GEM listing rules[115] - The company has adhered to the corporate governance code since its listing on October 19, 2017, ensuring effective management and internal procedures[112] Business Operations - The company’s primary business segment focuses on the import and wholesale of frozen seafood, with no further breakdown of segment performance provided[44] - Revenue is recognized when control of the goods has transferred to the customer, which occurs upon delivery to the specified location[44] - The company has established new sales agency arrangements with several overseas suppliers since its listing, aiming to expand its product portfolio[76] - The company spent HKD 37,000 on the purchase of property, plant, and equipment for the six months ended September 30, 2020, significantly lower than HKD 110,000 in the same period of the previous year[58] Taxation - Tax expenses increased by approximately HKD 485,000 or 21.7%, from approximately HKD 2,239,000 for the six months ended September 30, 2019, to approximately HKD 2,724,000 for the six months ended September 30, 2020, consistent with the estimated taxable profit growth[85]

Financial Performance - For the three months ended June 30, 2020, the group recorded revenue of approximately HKD 87.1 million, an increase of about HKD 4.6 million or 5.6% compared to HKD 82.5 million for the same period in 2019[3]. - The profit attributable to the owners of the company for the same period was HKD 7.5 million, an increase of approximately HKD 4.4 million from HKD 3.1 million in the prior year, primarily due to increased revenue and gross profit, as well as reduced expenses related to the proposed transfer of listing[4]. - The gross profit for the three months ended June 30, 2020, was HKD 12.4 million, compared to HKD 10.2 million for the same period in 2019, reflecting a gross profit margin improvement[8]. - The group reported a pre-tax profit of HKD 8.9 million for the three months ended June 30, 2020, compared to HKD 4.0 million for the same period in 2019, indicating a significant increase in profitability[8]. - Basic earnings per share for the three months ended June 30, 2020, were HKD 2.68, compared to HKD 1.10 for the same period in 2019, representing a substantial increase[8]. - The company reported a net profit of approximately HKD 7.5 million for the three months ended June 30, 2020, compared to HKD 3.1 million for the same period in 2019, reflecting a significant increase[46]. - Revenue from the main products totaled HKD 87.063 million for the three months ended June 30, 2020, up from HKD 82.472 million in the same period of 2019, indicating a growth of approximately 5.3%[30]. - Revenue from frozen seafood resellers was HKD 82.36 million for the three months ended June 30, 2020, compared to HKD 76.943 million in the same period of 2019, showing an increase of approximately 7.5%[33]. - The cost of goods sold for the three months ended June 30, 2020, was approximately HKD 74.7 million, an increase of about 3.3% from approximately HKD 72.3 million for the same period in 2019, with the increase being lower than the revenue growth[51]. - Gross profit for the three months ended June 30, 2020, was approximately HKD 12.4 million, up about 21.3% from approximately HKD 10.2 million for the same period in 2019, resulting in a gross margin of approximately 14.2%, an increase of about 1.8 percentage points[52]. - Tax expenses increased by approximately HKD 479,000 or 50.7%, from HKD 944,000 for the three months ended June 30, 2019, to HKD 1,423,000 for the same period in 2020, consistent with the estimated taxable profit growth[58]. Shareholder Information - The total equity of the group as of June 30, 2020, was HKD 146.8 million, up from HKD 131.3 million as of June 30, 2019, indicating growth in shareholder value[11]. - Major shareholders include Mr. Chen Jianfeng and Ms. Xie Chunxia, each holding 201,600,000 shares, representing 72% ownership[70]. - The company’s shareholding structure indicates a strong control by Mr. Chen Jianfeng through his wholly-owned entity, Jiaxin Holdings Limited[75]. - The company did not engage in any buying, selling, or redeeming of its listed securities during the three months ending June 30, 2020[79]. - There were no significant shareholders or other individuals with interests in the company's shares that required disclosure under the Securities and Futures Ordinance as of the report date[78]. Dividends and Financial Management - The board of directors did not recommend the payment of dividends for the three months ended June 30, 2020[5]. - The company did not recommend the payment of an interim dividend for the period[41]. - The group’s administrative expenses decreased to HKD 1.9 million for the three months ended June 30, 2020, from HKD 4.0 million in the same period last year, reflecting improved cost management[8]. - Administrative expenses decreased from approximately HKD 4.0 million for the three months ended June 30, 2019, to approximately HKD 1.9 million for the same period in 2020, mainly due to reduced legal and professional fees[56]. - The group's bank borrowings totaled approximately HKD 2.1 million as of June 30, 2020, down from HKD 2.6 million as of March 31, 2020, indicating improved financial stability[65]. Business Operations - The group is engaged in the import and wholesale of frozen seafood products, indicating a focus on the food sector[15]. - The company’s operational activities are classified under a single operating segment focused on the import and wholesale of frozen seafood products[28]. - The company served over 310 customers, primarily frozen seafood resellers and food service providers, supplying more than 100 varieties of frozen seafood products[46]. - The group aims to continue expanding its product portfolio by seeking exclusive agency or sales arrangements with existing and new overseas suppliers[49]. - The group plans to strengthen cost-saving measures in response to anticipated challenges in the Hong Kong economy due to COVID-19[47]. - The company remains cautiously optimistic about its business outlook despite the uncertainties caused by the pandemic[46]. Corporate Governance - The company has maintained compliance with the corporate governance code since its listing on October 19, 2017[86]. - The audit committee reviewed the unaudited condensed consolidated financial statements for the three months ending June 30, 2020, and found them compliant with applicable accounting standards and regulations[89]. - The board of directors consists of executive directors Mr. Chen Jianfeng and Ms. Xie Chunxia, along with independent non-executive directors[89]. - The company has adopted a share option scheme to recognize and reward eligible participants for their contributions, with no options granted, exercised, or expired during the three months ending June 30, 2020[82]. - The company’s compliance advisor confirmed no interests held by the compliance advisor or its associates in the company’s equity as of the report date[85]. - No competition or conflict of interest was reported among directors or major shareholders during the three months ending June 30, 2020[80]. - The company’s total assets were primarily concentrated in identifiable assets, as assessed under the revised accounting standards[24]. - The company is controlled by Mr. Chen Jianfeng, suggesting a centralized management structure[15].

Financial Performance - The company's revenue for the fiscal year 2020 decreased slightly by approximately HKD 3.7 million or 1.1% to about HKD 323.7 million compared to the fiscal year 2019[9] - The net profit for the fiscal year 2020 was approximately HKD 18.7 million, down from HKD 25.0 million in the fiscal year 2019[9] - The adjusted profit for the fiscal year 2020, excluding expenses related to the proposed transfer of listing, was HKD 22.2 million, compared to HKD 25.6 million in the previous year[9] - For the fiscal year ending March 31, 2020, the company recorded a net profit of approximately HKD 18.7 million, down from HKD 25.0 million for the previous year, reflecting a decrease of about 25.2%[23] - Revenue for the fiscal year ending March 31, 2020, was approximately HKD 323.7 million, a slight decrease of about 1.1% from HKD 327.4 million in the previous year[25] - The cost of goods sold for the fiscal year ending March 31, 2020, was approximately HKD 281.4 million, a decrease of about 0.9% from HKD 283.9 million in the previous year[26] - Gross profit for the fiscal year ending March 31, 2020, was approximately HKD 42.2 million, down about 2.9% from HKD 43.5 million in the previous year, with a gross margin of approximately 13.0%[29] - Selling and distribution costs increased to approximately HKD 7.0 million for the fiscal year ending March 31, 2020, up about 17.8% from HKD 6.0 million in the previous year[30] Challenges and Market Position - The company faced challenges due to the impact of the US-China trade tensions and social unrest in Hong Kong, further exacerbated by the COVID-19 pandemic[8] - The company anticipates facing significant challenges in the upcoming year due to expected economic downturns in Hong Kong[24] - The company aims to strengthen its market position in the frozen seafood import and wholesale industry in Hong Kong[10] - The company plans to strengthen cost-saving measures in response to the ongoing impact of COVID-19 on operations and financial performance[24] Customer and Supplier Relationships - The company served over 340 customers, primarily frozen seafood resellers and suppliers, offering a variety of over 100 types of seafood products[10] - The largest customer accounted for approximately 5.8% of total sales, while the top five customers represented about 20.9% of total revenue for the year ended March 31, 2020, compared to 5.4% and 23.0% in 2019[63] - The largest supplier accounted for approximately 13.5% of total purchases, with the top five suppliers representing about 48.8% of total procurement for the year ended March 31, 2020, compared to 10.2% and 41.7% in 2019[63] Expenses and Financial Management - The expenses related to the proposed transfer of listing amounted to approximately HKD 3.5 million in the fiscal year 2020, compared to HKD 0.6 million in the fiscal year 2019[9] - Administrative expenses increased from approximately HKD 7.7 million for the year ended March 31, 2019, to approximately HKD 11.4 million for the year ended March 31, 2020, primarily due to increased legal and professional fees related to the proposed transfer from GEM to the main board[31] - Financial costs decreased from approximately HKD 0.6 million for the year ended March 31, 2019, to approximately HKD 0.4 million for the year ended March 31, 2020[32] - Tax expenses decreased by approximately HKD 0.4 million or 9.0%, from approximately HKD 5.1 million for the year ended March 31, 2019, to approximately HKD 4.7 million for the year ended March 31, 2020[33] - Profit attributable to owners of the company decreased from approximately HKD 25.0 million for the year ended March 31, 2019, to approximately HKD 18.7 million for the year ended March 31, 2020, mainly due to expenses related to the proposed transfer to the main board and increased selling and administrative costs[34] Corporate Governance and Compliance - The board of directors includes Mr. Chan Kin Fung as Chairman and CEO, and Ms. Tse Chun Ha, with independent non-executive directors including Mr. So Yuk Kei, Mr. Lee Kam Wan, and Dr. Leung Wai Ping[64] - The company has not entered into any management or administrative contracts regarding the whole or any substantial part of its business as of March 31, 2020[71] - The remuneration of directors is determined by the remuneration committee based on the group's operating performance, individual performance, and comparable market statistics[70] - The company has received independence confirmations from all independent non-executive directors, affirming their independence[68] - The company has adhered to the corporate governance code since its listing date, with ongoing reviews to maintain high standards[124] - The board consists of two executive directors and three independent non-executive directors, ensuring a balanced governance structure[132] - The board retains decision-making authority on all major matters, including policies, overall strategy, and significant transactions[136] - The company has implemented an internal control policy regarding the disclosure of insider information[127] Environmental and Social Responsibility - The company is committed to minimizing its negative environmental impact and adhering to environmental laws[98] - The group emphasizes environmental and social responsibility as a core commitment, aiming to expand its business while contributing to industry and societal development[183] - Stakeholder feedback on the group's environmental, social, and governance policies and performance is welcomed, with communication channels available on the company's website[184] - The company has implemented a code of ethics to ensure high standards of conduct and ethical values in all business operations[167] - Measures taken to reduce emissions include limiting air conditioning usage and encouraging the use of electronic documents to minimize paper waste[198] - The company promotes recycling and encourages employees to use video or phone conferencing to reduce travel-related emissions[198] Audit and Risk Management - The audit committee, composed of three independent non-executive directors, reviewed the financial statements for the year ended March 31, 2020[121] - The company plans to propose the reappointment of Deloitte Touche Tohmatsu as its auditor at the 2020 annual general meeting[122] - The internal audit function, including enterprise risk assessment, is provided to assist the board and audit committee in monitoring risk management[161] - The board has reviewed the effectiveness of the group's risk management and internal control systems for the year ending March 31, 2020, and deemed them effective[168] - The group has adopted a risk management framework that includes identifying significant risks, assessing their impact, and implementing necessary measures to manage these risks[164]