WAN LEADER(08482)

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万励达(08482) - 2024 Q1 - 季度业绩
2023-08-14 12:30
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公告之內容概不負責,對其 準確性或完整性亦不發表任何聲明,並明確表示,概不就因本公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。 WAN LEADER INTERNATIONAL LIMITED 萬勵達國際有限公司 (於開曼群島註冊成立之有限公司) (股份代號:8482) 截至二零二三年六月三十日止三個月的 第一季度業績公告 香港聯合交易所有限公司(「聯交所」)GEM的特色 GEM的定位,乃為中小型公司提供一個上市的市場,此等公司相比起其他在聯交所上市 的公司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險,並應經 過審慎周詳考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司,在GEM買賣的證券可能會較於主板買賣之證券承 受較大的市場波動風險,同時無法保證在GEM買賣的證券會有高流通量的市場。 本公告乃遵照《聯交所GEM證券上市規則》(「GEM上市規則」)而刊載,旨在提供有關萬勵 ...
万励达(08482) - 2023 - 年度财报
2023-06-30 14:51
Economic Environment - The overall economic situation in China and globally has continued to experience fluctuations since the COVID-19 pandemic, impacting growth and profitability[18]. - The logistics industry faces uncertainties such as global supply chain bottlenecks, inventory overhangs, high inflation, and geopolitical tensions, affecting recovery prospects[19]. - The recurring impact of COVID-19 adversely affected the results of the year, highlighting ongoing market uncertainties[27]. - The Group is cautiously optimistic about mid- to long-term growth prospects in the PRC's economy and logistics market[28]. Financial Performance - The Group recorded a net loss of approximately HK$26.8 million for the year ended 31 March 2023, compared to a net profit of approximately HK$9.2 million for the previous year[27]. - The Group's total revenue decreased by approximately 69.3% from approximately HK$674.0 million for the Previous Year to approximately HK$206.9 million for the Year[39]. - The Group's gross profit decreased by approximately 94.4% to approximately HK$2.5 million, with a gross profit margin of approximately 1.2%[50]. - The Group recorded a loss before taxation of approximately HK$25.9 million, compared to a profit before taxation of approximately HK$12.3 million in the Previous Year[66]. - The Group's cash and cash equivalents were approximately HK$25.7 million at 31 March 2023, down from approximately HK$44.3 million at 31 March 2022[82][87]. - The Group had bank borrowings of approximately HK$1.7 million at 31 March 2023, down from approximately HK$3.0 million at 31 March 2022[83]. Business Strategy and Development - The Company has expanded into the trading of fashion items, diversifying its income sources and enhancing shareholder value[21]. - The Group aims to diversify its business areas to reduce reliance on existing logistics businesses and broaden its revenue base[34]. - The Group is actively seeking potential investment opportunities to improve its financial position and enhance shareholder value[35]. - The Group renewed the entrusted management agreement with Zhejiang Jiyueke Brand Management Co., Ltd. to enhance its business model from a freight forwarder to a technology solution provider[33]. - The Group commenced a new business segment trading fashion items during the year, aiming to diversify its business base and expand revenue[109]. Operational Efficiency - The logistics flow efficiency has not yet returned to pre-pandemic levels, continuing to affect operations[18]. - The logistics efficiency has not yet returned to pre-pandemic levels, significantly impacting growth and profitability[28]. - The Group is exploring cost-reduction strategies to mitigate the impact of market uncertainties[19]. - The Group plans to implement stricter cost control measures to ensure robust operating cash flow in the post-pandemic era[32]. Corporate Governance - The Board of Directors consists of four executive Directors and four independent non-executive Directors, with independent Directors representing more than one-third of the Board[199]. - The company has established three Board committees: the Audit Committee, the Remuneration Committee, and the Nomination Committee[199]. - The company has complied with the Corporate Governance Code to the extent applicable and permissible during the year[192]. - The company aims to maintain high standards of corporate governance and has applied the code provisions in the Corporate Governance Code[192]. Employee and Management - The Group's total employee compensation and benefits costs were approximately HK$14.8 million, a decrease from approximately HK$15.4 million in the previous year[112]. - The management team has undergone various training programs to ensure compliance with industry standards, particularly in dangerous goods handling[176][178]. - The management emphasizes the importance of maintaining harmonious relationships with suppliers and subcontractors as key to business success[130]. - The management team frequently engages with customers to strengthen long-term working relationships[129]. Shareholder Relations - The Company expresses gratitude to investors, customers, suppliers, subcontractors, and bankers for their ongoing support[22]. - The corporate objective is to create and enhance value for shareholders, focusing on long-term growth and profitability[194]. - The company is committed to enhancing shareholder value through strategic objectives and policies[194]. Board Composition and Expertise - The company has a diverse board with members holding qualifications in accounting and finance, enhancing governance and oversight[152][154][158][160]. - The board includes members with significant experience in various industries, contributing to strategic decision-making[152][154][158][160]. - The appointment of new directors reflects the company's commitment to strengthening its leadership team and enhancing operational expertise[149][152][154][158][160].
万励达(08482) - 2023 - 年度业绩
2023-06-30 14:05
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公告之內容概不負責,對其 準確性或完整性亦不發表任何聲明,並明確表示,概不就因本公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。 WAN LEADER INTERNATIONAL LIMITED 萬勵達國際有限公司 (於開曼群島註冊成立之有限公司) (股份代號:8482) 截至二零二三年三月三十一日止年度的年度業績公告 香港聯合交易所有限公司(「聯交所」) 的特色 GEM GEM的定位,乃為中小型公司提供一個上市的市場,此等公司相比起其他在聯交所上市 的公司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險,並應經 過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司,在GEM買賣的證券可能會較於主板買賣之證券承 受較大的市場波動風險,同時無法保證在GEM買賣的證券會有高流通量的市場。 本公告乃遵照《聯交所GEM證券上市規則》(「GEM上市規則」)而刊載,旨在提供有關萬勵 達國際有限公司(「本公司」)及其附屬公司(統稱「本集團」)的資料。本公司的董事(「董事」) ...
万励达(08482) - 2023 Q3 - 季度财报
2023-02-13 14:26
Financial Performance - Wan Leader International Limited reported unaudited condensed consolidated financial results for the nine months ended December 31, 2022, compared to the previous period[16]. - Revenue for the three months ended December 31, 2022, was HK$41,781,000, a decrease of 82.5% compared to HK$238,756,000 for the same period in 2021[18]. - Gross profit for the nine months ended December 31, 2022, was HK$3,229,000, down 92.1% from HK$40,930,000 in the previous year[18]. - Loss before taxation for the three months ended December 31, 2022, was HK$5,425,000, compared to a profit of HK$10,696,000 in the same period of 2021[18]. - Total comprehensive loss for the nine months ended December 31, 2022, was HK$17,344,000, a significant decline from a comprehensive income of HK$16,468,000 in the previous year[20]. - Basic and diluted loss per share for the three months ended December 31, 2022, was HK$0.60, compared to earnings of HK$1.07 in the same period of 2021[20]. - The Company reported a loss for the period ending December 31, 2022, amounting to HK$17,131,000, compared to a profit of HK$15,940,000 for the previous period[22]. - The Group recorded a net loss of approximately HK$17.1 million for the Review Period, compared to a net profit of approximately HK$15.9 million for the Previous Period, largely impacted by the COVID-19 pandemic[84]. Revenue Breakdown - For the nine months ended December 31, 2022, total revenue was HK$178,281,000, a decrease from HK$548,186,000 for the same period in 2021, representing a decline of approximately 67.5%[45]. - Revenue from freight forwarding and related logistics services for the nine months ended December 31, 2022, was HK$170,641,000, down from HK$545,639,000 in the previous year, indicating a decrease of about 68.7%[45]. - Entrusted management services for operating an online e-commerce platform generated revenue of HK$3,935,000 for the nine months ended December 31, 2022, compared to HK$2,547,000 in the same period of 2021, reflecting an increase of approximately 54.3%[45]. - Trading of fashion items contributed HK$3,705,000 in revenue for the nine months ended December 31, 2022, with no revenue reported in the same period of 2021[45]. - Revenue from air freight forwarding and related logistics services amounted to approximately HK$153.2 million, accounting for approximately 85.9% of total revenue[95]. - Revenue from sea freight forwarding and related logistics services was approximately HK$17.5 million, representing about 9.8% of total revenue[96]. - Revenue from entrusted management services for operating an online e-commerce platform increased to approximately HK$3.9 million, accounting for approximately 2.2% of total revenue[97]. - Revenue from trading of fashion items amounted to approximately HK$3.7 million, representing approximately 2.1% of total revenue, marking the introduction of a new business segment[98]. Expenses and Costs - Administrative expenses increased to HK$6,276,000 for the three months ended December 31, 2022, up from HK$4,228,000 in the previous year[18]. - Corporate expenses for the nine months ended December 31, 2022, amounted to HK$7,412,000[48]. - The Group's cost of services decreased by approximately 65.5% from approximately HK$507.2 million for the Previous Period to approximately HK$175.1 million for the Review Period[102]. - Sales and marketing expenses decreased from approximately HK$3.6 million in the Previous Period to approximately HK$1.7 million in the Review Period[110][115]. - Administrative expenses increased to approximately HK$18.8 million for the Review Period, up from approximately HK$14.5 million in the Previous Period[111][116]. - Finance costs decreased from approximately HK$139,000 in the Previous Period to approximately HK$126,000 in the Review Period due to lower interest expenses on bank borrowings[114][119]. Corporate Governance and Compliance - The report emphasizes the importance of compliance with GEM Listing Rules, ensuring transparency and accountability in financial reporting[5]. - The Board of Directors collectively accepts full responsibility for the accuracy and completeness of the information presented in the report[5]. - The report includes a commitment to corporate governance and compliance, reflecting the company's dedication to ethical business practices[11]. - The company complied with the Corporate Governance Code from April 1, 2022, to December 31, 2022, enhancing stakeholder confidence[138]. - The company is committed to reviewing its corporate governance practices to meet rising expectations from shareholders and investors[139]. - The company has confirmed compliance with the Required Standard of Dealings for securities transactions by all directors during the review period[140]. Share Capital and Equity - Proceeds from the placing of new shares amounted to HK$27,900,000, which contributed positively to the equity position of the Company[22]. - The Company’s share capital increased from HK$8,400,000 to HK$9,900,000 due to the issuance of new shares[22]. - As of December 31, 2022, the total equity attributable to owners of the Company was HK$71,344,000, with an increase from HK$61,365,000 as of April 1, 2022, reflecting a growth of approximately 16.2%[22]. - The net proceeds from the share placement were fully utilized for general working capital as of December 31, 2022[133]. Strategic Direction and Market Outlook - The management discussion and analysis section provides insights into the company's strategic direction and market expansion plans[8]. - The reopening of China's borders in late 2022 is expected to lead to a strong recovery in the logistics market, benefiting the Company as the economy grows[83]. - The Group aims to diversify its business areas and reduce reliance on existing logistics businesses, with new contracts established for fashion item trading[89]. - The reopening of China's borders is anticipated to drive economic recovery and positively impact the global logistics market, benefiting the Group[85]. Miscellaneous - Wan Leader International Limited's registered office is located in the Cayman Islands, with its principal place of business in Hong Kong[13]. - The company has established key banking relationships with Hang Seng Bank Limited and Industrial and Commercial Bank of China (Asia) Limited[12]. - The Group's logistics services cover cargo destinations including the USA, Europe, Asia, and other regions, with a focus on Hong Kong, the PRC, Taiwan, and Vietnam[80]. - The Group's core businesses include freight forwarding, entrusted management services for e-commerce, and trading of fashion items, highlighting its diversified service offerings[81]. - The Group's performance obligations for freight forwarding and related logistics services are for a period of one year or less, as per HKFRS 15[52].
万励达(08482) - 2023 - 中期财报
2022-11-11 12:48
Financial Performance - Wan Leader International Limited reported unaudited consolidated revenue for the six months ended September 30, 2022, with a comparison to the previous period[18]. - The financial results for the review period indicate a significant change in profit margins compared to the previous period, highlighting the company's performance[19]. - Revenue for the three months ended September 30, 2022, was HK$47,164,000, a decrease from HK$179,542,000 in the same period of 2021, representing a decline of approximately 73.8%[20]. - Gross profit for the six months ended September 30, 2022, was HK$434,000, down from HK$22,753,000 in the same period of 2021, indicating a decrease of about 98.1%[20]. - Loss before taxation for the three months ended September 30, 2022, was HK$7,844,000, compared to a profit of HK$4,604,000 in the same period of 2021[21]. - Total comprehensive loss for the six months ended September 30, 2022, was HK$11,230,000, compared to a comprehensive income of HK$7,517,000 in the same period of 2021[21]. - For the six months ended September 30, 2022, the company reported a net loss of HK$11,142,000 compared to a profit of HK$7,010,000 for the same period in 2021[23]. - The total comprehensive expenses for the period amounted to HK$11,230,000, reflecting a significant increase from the previous year's comprehensive income of HK$7,575,000[23]. - The Group recorded a net loss of approximately HK$11.1 million for the six months ended 30 September 2022, compared to a net profit of approximately HK$7.0 million for the same period in 2021[130]. Revenue Breakdown - Total revenue for the six months ended September 30, 2022, was HK$136,500,000, a decrease of 56% compared to HK$309,430,000 for the same period in 2021[51]. - Revenue from freight forwarding and related logistics services for the six months ended September 30, 2022, was HK$132,265,000, down 57% from HK$308,790,000 in the previous year[51]. - Air freight revenue for the three months ended September 30, 2022, was HK$44,442,000, a decline of 67% from HK$135,149,000 in the same period of 2021[51]. - Sea freight revenue for the six months ended September 30, 2022, was HK$16,060,000, a decrease of 76% compared to HK$67,490,000 in the prior year[51]. - The entrusted management services for operating an online e-commerce platform generated revenue of HK$1,235,000 for the six months ended September 30, 2022, compared to HK$640,000 in the same period of 2021[53]. Assets and Liabilities - Current assets decreased to HK$108,455,000 as of September 30, 2022, from HK$129,086,000 as of March 31, 2022, reflecting a decline of approximately 15.9%[22]. - Trade and other receivables dropped significantly to HK$32,203,000 as of September 30, 2022, from HK$81,768,000 as of March 31, 2022, a decrease of about 60.7%[22]. - Net assets increased to HK$77,457,000 as of September 30, 2022, compared to HK$61,365,000 as of March 31, 2022, showing an increase of approximately 26.2%[22]. - Trade payables decreased to HK$26,598,000 as of September 30, 2022, compared to HK$55,018,000 as of March 31, 2022[95]. - Trade receivables decreased by 67.7% from approximately HK$79.1 million at 31 March 2022 to approximately HK$25.6 million at 30 September 2022, attributed to a decrease in sales during the Review Period[173]. Cash Flow and Financing - The company raised HK$27,900,000 from the placement of new shares during the period, contributing to a net cash inflow from financing activities of HK$26,749,000[30]. - Net cash from operating activities decreased to HK$3,172,000 from HK$16,168,000 in the prior year, indicating a decline in operational performance[30]. - Cash and cash equivalents at the end of the period stood at HK$73,250,000, up from HK$43,430,000 at the beginning of the period[30]. - The Group's bank borrowings decreased to approximately HK$2.3 million at 30 September 2022 from approximately HK$3.0 million at 31 March 2022[182]. - The Group conducted a placing of 150,000,000 new ordinary shares at a price of HK$0.186 each, raising gross proceeds of approximately HK$27.9 million[185]. Strategic Focus and Future Outlook - The company is focused on expanding its market presence and enhancing its product offerings to drive future growth[18]. - Management discussed ongoing research and development efforts aimed at introducing new products and technologies in the upcoming quarters[18]. - The board emphasized the importance of strategic acquisitions to bolster the company's competitive position in the market[18]. - Future outlook includes a cautious but optimistic revenue guidance for the next fiscal period, reflecting market conditions and internal capabilities[18]. - The Group aims to transition from a freight forwarder to a technology solution provider through innovation and the use of cloud platforms and big data[137]. Challenges and Risks - The recurring impact of the COVID-19 pandemic adversely affected the Group's results during the Review Period, leading to factory closures, port congestion, and low demand for cargo spaces[131]. - The logistics market costs remain high, and the Group anticipates ongoing challenges due to the pandemic's impact on logistics efficiency[135]. - The Group's operating activities are mainly denominated in HKD, exposing it to foreign exchange risks from transactions in USD, EUR, RMB, and NTD[191]. - The Group faces foreign exchange risks due to transactions in multiple currencies including USD, EUR, RMB, and TWD, but has no specific hedging policies in place[195]. Corporate Governance - Management highlighted the importance of corporate governance and compliance in sustaining investor confidence and operational integrity[18]. - The board of directors confirmed that all financial information presented is accurate and complete, ensuring transparency for stakeholders[19].
万励达(08482) - 2023 Q1 - 季度财报
2022-08-12 12:25
Financial Performance - For the three months ended June 30, 2022, the revenue was HK$89,336,000, a decrease of 31% compared to HK$129,888,000 for the same period in 2021[20]. - The gross profit for the same period was HK$2,247,000, down 81% from HK$11,595,000 in the previous year[20]. - The loss before taxation was HK$2,954,000, compared to a profit of HK$3,980,000 in the previous period[20]. - The net loss for the period was HK$3,413,000, compared to a profit of HK$3,312,000 in the same period last year[20]. - Total comprehensive expenses for the period amounted to HK$3,507,000, a decrease from a total comprehensive income of HK$3,828,000 in the previous year[21]. - Basic and diluted loss per share was HK$0.41, compared to earnings per share of HK$0.40 in the prior year[21]. - The company reported a loss before tax of HK$2,954,000, reflecting a challenging operational environment[53]. - The Group recorded a net loss of approximately HK$3.4 million for the period ended 30 June 2022, compared to a net profit of approximately HK$3.3 million for the same period in 2021, reflecting a significant decline in performance due to the ongoing impact of COVID-19[87]. Revenue Breakdown - Revenue from air freight services was HK$74,763,000, down 29.5% from HK$106,151,000 in the previous year[51]. - Revenue from sea freight services decreased by 44.7% to HK$13,316,000 from HK$23,737,000 year-on-year[51]. - The newly introduced segment, entrusted management services for operating an online e-commerce platform, generated revenue of HK$1,257,000 during the period[51]. - Total revenue for the period ended June 30, 2022, was HK$89,336,000, with external revenue from freight forwarding services at HK$88,079,000 and related logistics services at HK$1,257,000[53]. - Revenue from Hong Kong was HK$88,079,000, while revenue from the People's Republic of China was HK$1,257,000[59]. Cost Management - Administrative expenses decreased to HK$4,811,000 from HK$6,344,000, reflecting a reduction of 24%[20]. - Sales and marketing expenses were reduced to HK$1,037,000, down 28% from HK$1,446,000 in the previous year[20]. - The company continues to focus on cost management strategies to mitigate the impact of declining revenues[20]. - The cost of services decreased by approximately 26.4% from approximately HK$118.3 million to approximately HK$87.1 million[109]. - Administrative expenses reduced from approximately HK$6.3 million in the previous period to about HK$4.8 million, primarily due to decreases in legal and compliance costs, professional fees, and depreciation[121]. Impairment and Other Income - The company recognized a reversal of impairment losses on trade receivables of HK$422,000, compared to a loss of HK$570,000 in the previous period[20]. - A reversal in impairment loss of approximately HK$0.4 million was recognized, compared to an additional impairment loss of approximately HK$0.6 million in the Previous Period[119]. - Other income increased to HK$322,000 from HK$76,000, representing a significant growth of 324%[20]. - The Group experienced a total other income loss of HK$322,000 in Q2 2022, compared to a loss of HK$76,000 in Q2 2021, indicating challenges in generating additional income streams[76]. Shareholder Information - As of June 30, 2022, Mr. Liao Daichun holds 182,690,000 shares, representing approximately 21.75% of the company's issued share capital[163]. - Mr. Thomas Loy has an interest in a controlled corporation, Ho Tat Limited, holding 126,652,000 shares, which is about 15.08% of the company's issued share capital[163]. - Mr. Luo Honghui holds 90,160,000 shares, which accounts for approximately 10.73% of the company's issued share capital[163]. - Zhongyuehui (Shenzhen) Holdings Group Limited is a beneficial owner of 75,990,000 shares, representing about 9.05% of the company's issued share capital[163]. Corporate Governance - The Audit Committee consists of three independent non-executive Directors, with Mr. Ho Yuk Ming Hugo as the chairman, responsible for monitoring the integrity of the company's financial statements[177]. - The company has established an Audit Committee to ensure compliance with GEM Listing Rules and CG Code[177]. - The company maintains a register of interests as required under section 336 of the SFO[160]. - The Company adopted a Share Option Scheme on August 14, 2018, to incentivize key staff[170].
万励达(08482) - 2022 - 年度财报
2022-06-30 04:04
Company Overview - Wan Leader International Limited is incorporated in the Cayman Islands and listed on the GEM of the Hong Kong Stock Exchange under stock code 8482[1][2]. - The registered office is located in Grand Cayman, while the headquarters in Hong Kong is situated at Hutchison Logistics Centre[19]. - Wan Leader International Limited's website is www.wanleader.com, providing additional information and updates about the company[20]. Financial Performance - The report includes a consolidated statement of profit or loss, which provides insights into the company's financial performance[10]. - The annual report includes a five-year financial summary, which highlights the company's financial trends over the past years[10]. - The Group achieved a significant increase in net profit to approximately HK$9.2 million for the year ended 31 March 2022, compared to HK$4.2 million in the previous year, reflecting a growth of about 119%[35]. - The Group's total revenue increased by approximately 102.5% from approximately HK$332.8 million in the previous year to approximately HK$674.0 million for the year[49]. - Revenue from air freight forwarding and related logistics services amounted to approximately HK$530.4 million, accounting for approximately 78.7% of total revenue[54]. - Revenue from sea freight forwarding and related logistics services increased significantly to approximately HK$139.2 million, representing approximately 20.7% of total revenue[55]. - Revenue from entrusted management services for operating an online e-commerce platform was approximately HK$4.4 million, accounting for approximately 0.6% of total revenue[56]. - The Group's cost of services increased by approximately 108.3% to approximately HK$629.2 million, primarily due to increased acquisition costs of air cargo space[57]. - Gross profit increased by approximately 45.8% to approximately HK$44.8 million, but gross profit margin decreased from approximately 9.3% to approximately 6.7%[58]. - The Group recorded a profit from continuing operations of approximately HK$9.2 million for the Year, compared to HK$0.5 million for the Previous Year, driven by an increase in segment profit from freight forwarding and related logistics services of approximately HK$15.9 million[75]. Operational Changes - The company has undergone significant changes in its board of directors, with multiple resignations and appointments in 2021[11][12]. - The Group has adopted a more prudent approach by selling operations in Shenzhen and Taipei to independent third parties, focusing fully on its operations in Hong Kong to restore financial stability[42]. - The Group has sold its operations in Shenzhen and Taipei to focus on its core business in Hong Kong, consolidating its financial position[44]. - The Group resolved to discontinue warehousing and related value-added services[157]. Market Outlook - The Group anticipates continued growth in air freight forwarding and related logistics services, driven by consolidation and co-loading of air cargo space, with stable supply from established supplier relationships[36]. - The Group is cautiously optimistic about the future freight forwarding market in Hong Kong, expecting a surge in demand for air cargo services as economies in the USA and Europe recover from the pandemic[41]. - The outlook for the upcoming year remains uncertain, with management committed to tightening costs and closely monitoring customer needs[123]. Management and Governance - The directors of Wan Leader International Limited confirm that the information in the annual report is accurate and complete in all material respects[6]. - The company has a dedicated compliance officer and various board committees to ensure governance and oversight[16][18]. - The Group's management remains vigilant in managing operations amidst unpredictable environments and is looking for opportunities to expand its business and markets[27]. - The Group's executive management team has extensive experience in logistics and finance, with over 31 years in the industry for the CEO[160]. - The Group's financial strategies are supported by a strong management team, including a new executive director with a background in banking and logistics[167]. Employee and Training Initiatives - The Group employed 33 staff as of 31 March 2022, an increase from 21 staff the previous year[124]. - The total costs for employee compensation and benefits were approximately HK$14.2 million, down from approximately HK$23.0 million in the previous year[125]. - The Group provided various types of training to employees, including air cargo operations and safety, as part of its commitment to employee development[135]. - The Group acquired medical insurance for eligible employees and provided COVID-19 screening tests to ensure employee safety during the year[141]. - Continuous training and development of staff are emphasized to maintain high standards in logistics operations[198]. Compliance and Environmental Responsibility - The Group's operations complied with all relevant laws and regulations that significantly impact its operations[132]. - The management promoted environmental protection through energy-saving programs and compliance with local environmental laws in Hong Kong, China, and Taiwan[133]. - The Group maintained good relations with stakeholders, with no material disputes reported during the year[143]. Financial Management - The Group's income tax expense for the Year was approximately HK$3.0 million, compared to HK$0.4 million for the Previous Year, reflecting a profit before taxation of approximately HK$12.3 million[74]. - Finance costs increased from approximately HK$0.1 million for the Previous Year to approximately HK$0.2 million for the Year, attributed to higher interest on bank borrowings[73]. - The gearing ratio of the Group decreased to approximately 5.9% at 31 March 2022 from approximately 11.6% at 31 March 2021, due to a decrease in lease liabilities and an increase in total equity[94]. - Cash and cash equivalents increased to approximately HK$44.3 million at 31 March 2022 from approximately HK$26.7 million at 31 March 2021[86]. - The Group did not recommend the payment of dividends for the Year[85]. Strategic Focus - The Group's strategic focus includes evaluating and expanding new businesses, particularly in the logistics sector[161]. - The Group aims to evolve from a freight forwarder to a technology solution provider through innovation and e-commerce platform management[46]. - The Group's future outlook includes leveraging technology advancements to improve service delivery and operational effectiveness[157]. - The Group plans to expand its business in the PRC, focusing on entrusted management services, in response to changing customer habits towards online services[117].
万励达(08482) - 2022 Q3 - 季度财报
2022-02-11 09:59
Company Overview - Wan Leader International Limited is incorporated in the Cayman Islands and listed on the GEM of the Hong Kong Stock Exchange under stock code 8482[1][5]. - The company has a registered office in the Cayman Islands and a principal place of business in Hong Kong, indicating its operational footprint[18]. - The company is primarily engaged in freight forwarding and related logistics services, as well as entrusted management services for an online e-commerce platform[35]. - The company was incorporated in the Cayman Islands and listed on the GEM of The Stock Exchange of Hong Kong Limited on September 5, 2018[34]. Financial Performance - Revenue for the nine months ended 31 December 2021 was HK$548,186,000, an increase of 127.6% compared to HK$241,504,000 for the same period in 2020[23]. - Gross profit for the nine months ended 31 December 2021 was HK$42,049,000, representing a 96.5% increase from HK$21,405,000 in the previous year[23]. - Profit before taxation for the nine months ended 31 December 2021 was HK$19,280,000, compared to HK$1,443,000 for the same period in 2020, indicating a significant improvement[23]. - Profit for the period from continuing operations was HK$15,931,000 for the nine months ended 31 December 2021, up from HK$1,420,000 in the previous year[23]. - Total comprehensive income for the period attributable to owners of the Company was HK$15,559,000, compared to HK$5,250,000 for the same period in 2020[24]. - Basic and diluted earnings per share from continuing operations for the nine months ended 31 December 2021 was 1.90 HK cents, compared to 0.22 HK cents in the previous year[26]. - The profit for the period was HK$15,940,000, a substantial increase from a profit of HK$4,771,000 in the previous period[28]. - As of December 31, 2021, the accumulated losses stood at HK$5,204,000, improved from HK$20,946,000 as of April 1, 2021[28]. - The total equity attributable to owners of the company reached HK$68,053,000 as of December 31, 2021, compared to HK$52,436,000 at the beginning of the period[28]. Revenue Breakdown - Revenue from freight forwarding and related logistics services was HK$545,639,000, up from HK$241,504,000 in the previous year, indicating a growth of about 126.3%[55]. - The geographical revenue breakdown shows that HK$533,572,000 was generated from Hong Kong, while HK$2,552,000 came from the People's Republic of China and Taiwan combined[58]. - Revenue from entrusted management services for operating an online e-commerce platform was HK$2,547,000 for the nine months ended December 31, 2021, compared to HK$0 in the same period of 2020[55]. Expenses and Costs - Administrative expenses decreased to HK$15,578,000 for the nine months ended 31 December 2021, down from HK$17,233,000 in the previous year[23]. - The group incurred an exchange loss of HK$384,000 for the nine months ended December 31, 2021, down from HK$944,000 in 2020, indicating improved currency management[72]. - The total finance costs for the nine months ended 31 December 2021 were HK$243,000, a decrease from HK$72,000 in the same period of 2020[78]. - Service costs increased by approximately 129.9% from HK$220.1 million to HK$506.1 million, primarily due to rising procurement costs for air freight capacity and increased unit costs for maritime agency services[114]. Corporate Governance - The company has undergone changes in its board of directors, with several resignations and new appointments in 2021, impacting governance and oversight[10][11]. - The audit committee has seen changes in its composition, with new members appointed to ensure compliance and financial integrity[14]. - The company is committed to enhancing corporate governance standards to meet increasing regulatory requirements and shareholder expectations[143]. - The substantial shareholders' interests in the company's shares were disclosed as required under the Securities and Futures Ordinance[163]. Future Outlook - The Group anticipates continued growth in air freight forwarding and related logistics services, driven by consolidation and co-loading of air cargo space[91]. - The management is cautiously optimistic about the future freight forwarding market in Hong Kong, expecting demand for air cargo services to increase as the global economy recovers post-pandemic[92]. - The Group plans to expand existing cargo arrangements by entering into more block space agreements to secure cargo space in a more cost-efficient manner[96]. Shareholder Information - As of December 31, 2021, Mr. Liao Daichun holds 182,690,000 shares, representing approximately 21.75% of the company's issued share capital[154]. - Mr. Thomas Loy has an interest in a controlled corporation holding 126,652,000 shares, which is about 15.08% of the company's issued share capital[154]. - The company has not purchased, sold, or redeemed any of its listed securities during the review period[150]. - No interim dividend was recommended for the review period[131].
万励达(08482) - 2022 - 中期财报
2021-11-12 11:18
Company Overview - Wan Leader International Limited is listed on the GEM of the Hong Kong Stock Exchange under stock code 8482, which is designed for small and mid-sized companies[1][2]. Financial Performance - The company reported a significant increase in revenue, with a year-on-year growth of 25% in the first half of 2021, reaching HKD 50 million[5]. - Revenue for the six months ended 30 September 2021 was HK$309,430,000, a 115.0% increase from HK$143,438,000 in the previous period[22]. - Gross profit for the same period was HK$23,233,000, representing a 56.5% increase compared to HK$14,848,000 in the previous period[22]. - Profit before taxation for the six months was HK$8,584,000, up from HK$2,533,000 in the previous period, marking a 239.5% increase[22]. - Profit for the period from continuing operations was HK$7,001,000, compared to HK$2,545,000 in the previous period, reflecting a 175.5% increase[22]. - Total comprehensive income for the period was HK$6,608,000, an increase from HK$5,435,000 in the previous period, representing a 21.5% growth[23]. - Basic and diluted earnings per share from continuing operations increased to HK$0.83 from HK$0.33 in the previous period, a 151.5% rise[25]. - The company reported a profit of HK$7,010,000 for the six months ended September 30, 2021, compared to a loss of HK$20,946,000 in the previous period[29]. - The Group recorded a net profit of approximately HK$7.0 million for the six months ended 30 September 2021, compared to HK$4.9 million in the previous period, representing a growth of approximately 42.86%[135]. Revenue Breakdown - Revenue from air freight services for the three months ended 30 September 2021 was HK$135,149,000, up 107.0% from HK$65,161,000 in 2020[55]. - Sea freight revenue for the six months ended 30 September 2021 was HK$67,490,000, a significant increase from HK$8,226,000 in the same period of 2020, representing a growth of 720.0%[55]. - Revenue from entrusted management services for the online e-commerce platform was HK$640,000 for the six months ended 30 September 2021, with no revenue reported in the previous year[55]. - The geographical revenue breakdown shows that HK$296,723,000 was generated from Hong Kong, while HK$12,062,000 came from Taiwan for the six months ended 30 September 2021[63]. - Revenue from air freight forwarding and related logistics services amounted to approximately HK$241.3 million, accounting for approximately 78.0% of total revenue, a decrease from 94.3% in the Previous Period[148]. - Revenue from sea freight forwarding and related logistics services increased significantly to approximately HK$67.5 million, representing approximately 21.8% of total revenue, up from 5.7% in the Previous Period[149]. Cost and Expenses - Administrative expenses decreased to HK$10,711,000 from HK$11,279,000, a reduction of 5.0%[22]. - Sales and marketing expenses increased to HK$3,851,000 from HK$1,828,000, a significant rise of 110.5%[22]. - The Group's cost of services rose by approximately 122.6% to approximately HK$286.2 million, primarily due to increased acquisition costs of air cargo space and higher unit costs of direct booking charges[153]. - Gross profit increased by approximately 56.8% to approximately HK$23.2 million, but gross profit margin decreased from approximately 10.3% to approximately 7.5%[154]. Cash Flow and Assets - Wan Leader's cash flow position remains strong, with a cash balance of HKD 15 million, providing a solid foundation for future investments[5]. - The company’s cash and bank balances increased to HK$43,430,000, up 62.5% from HK$26,694,000[27]. - The total cash and cash equivalents at the end of the period reached HK$43,430,000, compared to HK$20,024,000 at the end of the previous period, marking a 117% increase[36]. - Current assets rose significantly to HK$187,440,000, up 70.9% from HK$109,542,000 as of March 31, 2021[27]. - Trade and other receivables increased to HK$141,009,000, a substantial rise of 73.4% compared to HK$81,297,000[27]. - The Group's total cash and cash equivalents increased to approximately HK$43.4 million at 30 September 2021, up from approximately HK$26.7 million at 31 March 2021[186]. Strategic Initiatives - The company has outlined a future outlook with a projected revenue growth of 15% for the next fiscal year, driven by new product launches and market expansion strategies[5]. - Wan Leader is exploring potential mergers and acquisitions to expand its market presence and diversify its product portfolio, with a target completion date set for Q4 2021[5]. - The management has implemented new strategies aimed at enhancing customer experience, which is expected to contribute to a 10% increase in customer satisfaction scores[5]. - The Group has established stable supply connections with suppliers to facilitate logistics services to a wider range of destinations[136]. Compliance and Governance - The company is committed to maintaining compliance with GEM Listing Rules, ensuring transparency and accountability in its operations[5]. - The Group's financial statements for the six months ended 30 September 2021 are unaudited[107]. Market Outlook - The Group is cautiously optimistic about the future freight forwarding market in Hong Kong, expecting significant demand for air cargo services as economies in the USA and Europe recover post-pandemic[137]. - The management anticipates continued growth in air freight forwarding and related logistics services, driven by consolidation and co-loading of air cargo space[136].
万励达(08482) - 2022 Q1 - 季度财报
2021-08-13 09:17
Financial Performance - Wan Leader International Limited reported unaudited condensed consolidated financial results for the three months ended June 30, 2021, with comparative figures for the same period in 2020[20]. - Revenue for the three months ended June 30, 2021, was HK$129,888,000, representing a 76% increase from HK$73,744,000 in the same period of 2020[22]. - Gross profit for the same period was HK$11,786,000, up 29% from HK$9,148,000 year-over-year[22]. - Profit before taxation increased to HK$3,980,000, a 16.5% rise compared to HK$3,415,000 in the previous year[22]. - Profit for the period from continuing operations was HK$3,312,000, slightly down from HK$3,491,000 in 2020[22]. - Total comprehensive income for the period was HK$2,872,000, down from HK$4,742,000 in the same quarter of 2020[24]. - Earnings per share from continuing operations was HK$0.40, compared to HK$0.43 in the previous year[24]. - The company recognized impairment losses on trade receivables of HK$570,000, significantly higher than HK$25,000 in the same period last year[22]. - Sales and marketing expenses increased to HK$1,446,000, up from HK$817,000 in 2020, indicating a focus on market expansion[22]. - Other income decreased to HK$76,000 from HK$540,000 year-over-year, reflecting a decline in non-operational revenue sources[22]. - The group reported a current tax expense of HK$825,000 for the period, with no deferred tax provision for the previous year[55]. - The group incurred total finance costs of HK$49,000, an increase from HK$28,000 in the prior year[64]. - The group reported a gain on disposal of subsidiaries amounting to HK$850,000 during the period[64]. - The profit for the period attributable to owners of the Company was HK$3,321,000 for the review period, down from HK$4,624,000 in the previous period[71]. - The Group's total revenue increased by approximately 76.3%, from approximately HK$73.7 million in the previous period to approximately HK$129.9 million in the review period[90]. Revenue Breakdown - For the three months ended June 30, 2021, the Group's revenue from freight forwarding and related logistics services was HK$129,888,000, a significant increase from HK$73,744,000 in the same period of 2020, representing an increase of 76.2%[49]. - Air freight revenue for the same period was HK$106,151,000, up from HK$70,051,000, reflecting a growth of 51.5% year-over-year[49]. - Sea freight revenue increased to HK$23,737,000 from HK$3,693,000, marking a substantial increase of 541.5% compared to the previous year[49]. - Revenue from Hong Kong increased significantly to HK$117,821,000, up 105% from HK$57,500,000 in 2020[53]. - Revenue from Taiwan decreased slightly to HK$12,062,000, down 13% from HK$13,949,000 in 2020[53]. - Revenue from air freight forwarding and related logistics services amounted to approximately HK$106.2 million, accounting for approximately 81.8% of total revenue, compared to 95.0% in the previous period[93]. - Revenue from sea freight forwarding and related logistics services increased significantly to approximately HK$23.7 million, representing approximately 18.2% of total revenue, up from 5.0% in the previous period[94]. Corporate Governance and Compliance - The Board of Directors confirmed that the information in the report is accurate and complete in all material respects, ensuring transparency for investors[6]. - The Company is committed to compliance with the GEM Listing Rules, reflecting its dedication to regulatory standards[6]. - The Company will continue to enhance its corporate governance standards to comply with tightening regulatory requirements and meet rising shareholder expectations[125]. - The Company adopted the Required Standard of Dealings for Directors, confirming compliance throughout the Review Period[130]. - The Company complied with the Corporate Governance Code provisions during the Review Period from April 1, 2021, to June 30, 2021, except for deviation from code provision A.2.1[123]. - The Audit Committee consists of three independent non-executive Directors, with Mr. Ho Yuk Ming Hugo serving as the chairman, responsible for overseeing the integrity of the company's financial statements[166]. - The Audit Committee has reviewed the unaudited consolidated results of the Group for the review period[170]. Management and Board Changes - The Company has undergone changes in its Board of Directors, with new appointments and resignations noted, which may impact governance and strategic direction[11][12]. - The roles of chairman and chief executive officer were separated on August 20, 2021, with Mr. Liao Daichun appointed as the chief executive director[124]. - Mr. Lo Wing Sang resigned as company secretary and authorized representative on May 28, 2021[164]. - Mr. Chow Ming Po Aaron was appointed as an independent non-executive director of Grand Brilliance Group Holdings Limited on June 18, 2021[164]. - Mr. Ho Yuk Ming Hugo retired as an independent non-executive director of Wuxi Sunlit Science and Technology Company Limited effective June 18, 2021[165]. Market Outlook - The Group anticipates continued growth in air freight forwarding and related logistics services, driven by consolidation and co-loading of air cargo space[81]. - The management is cautiously optimistic about the future freight forwarding market in Hong Kong, expecting strong demand for air cargo services as economies recover post-pandemic[85]. - The Group aims to expand existing cargo arrangements by entering into more block space agreements with suppliers[87]. Shareholding and Securities - Mr. Thomas Loy held a long position of 253,302,000 shares, representing approximately 30.16% of the Company's issued share capital as of June 30, 2021[139]. - Mr. Liao Daichun, as a beneficial owner, held 182,690,000 shares, which is about 21.75% of the Company's issued share capital[139]. - The Company did not purchase, sell, or redeem any of its listed securities from April 1, 2021, to June 30, 2021[132]. - No competing business was reported by Directors or controlling shareholders during the Review Period[131]. - The Company adopted a Share Option Scheme on August 14, 2018, aimed at incentivizing key staff[157]. - There were no outstanding share options under the Share Option Scheme as of June 30, 2021[158]. - The company has not entered into any arrangements enabling directors to acquire benefits through share acquisition during the review period[151]. - The compliance adviser, Glory Sun Securities Limited, has no interests in the Group other than the compliance adviser agreement dated May 30, 2019[159]. - No other parties, apart from the directors and chief executive, have registered interests or short positions in the shares of the company as of June 30, 2021[156].