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爱世纪集团(08507) - 2025 - 年度业绩
2025-06-13 10:29
香 港 聯 合 交 易 所 有 限 公 司(「聯 交 所」)GEM的特色 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 概不就因本公告全部或任何部分內容而產生或因依賴該等內容而引 致的任何損失承擔任何責任。 i.century Holding Limited 愛世紀集團控股有限公司 (於開曼群島註冊成立之有限公司) (股份代號:8507) 截至二零二五年三月三十一日止年度 全年業績公告 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。GEM的較高風險及其他特色意味著其為較適合專業及其他資深 投資者的市場。 由 於GEM上 市 公 司 普 遍 為 中 小 型 公 司,於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 ...
爱世纪集团(08507) - 2025 - 中期财报
2024-11-27 08:43
Financial Performance - The group recorded unaudited revenue of approximately HKD 90.2 million for the six months ended September 30, 2024, representing an increase of about 56.0% compared to HKD 57.8 million for the same period in 2023[8]. - The profit attributable to the owners of the company for the six months ended September 30, 2024, was approximately HKD 2.2 million, a significant turnaround from a loss of HKD 9.2 million in the same period of 2023[8]. - Gross profit for the six months ended September 30, 2024, was HKD 20.7 million, compared to HKD 13.8 million for the same period in 2023[11]. - Total revenue for the six months ended September 30, 2024, was HKD 90,215,000, representing an increase of 55.8% compared to HKD 57,833,000 for the same period in 2023[51]. - For the six months ended September 30, 2024, the company reported a profit of 2,177,000 HKD compared to a loss of 9,188,000 HKD for the same period in 2023[68]. Dividends and Shareholder Returns - The board of directors did not recommend the payment of any dividend for the six months ended September 30, 2024, consistent with the previous year[8]. - The company did not recommend the payment of dividends for the six months ended September 30, 2024, consistent with the previous year[67]. Assets and Liabilities - The total assets less current liabilities amounted to HKD 18.5 million as of September 30, 2024, compared to HKD 17.0 million as of March 31, 2024[15]. - The group’s total liabilities increased to HKD 48.4 million as of September 30, 2024, from HKD 42.9 million as of March 31, 2024[15]. - The total non-current liabilities decreased to HKD 521,000 as of September 30, 2024, down from HKD 837,000 as of March 31, 2024[17]. - The company reported a net cash position of HKD 5.5 million as of September 30, 2024, down from HKD 10.2 million as of March 31, 2024[15]. Cash Flow and Financing - Operating cash flow for the six months ended September 30, 2024, was negative at HKD (1,573,000), a decline from positive cash flow of HKD 870,000 in the previous year[23]. - The company had bank borrowings of approximately HKD 22,669,000 as of September 30, 2024, with HKD 12,642,000 due within one year[31]. - The company has unutilized bank financing of HKD 7,000,000 as of September 30, 2024, which supports its liquidity position[31]. - Financing costs increased to HKD 654,000 from HKD 521,000, primarily due to higher bank borrowing interest[57]. Trade Receivables and Inventory - Trade receivables rose to HKD 21.2 million as of September 30, 2024, compared to HKD 9.8 million as of March 31, 2024[15]. - The group’s inventory increased to HKD 574,000 as of September 30, 2024, from HKD 108,000 as of March 31, 2024[15]. - Trade receivables, net of credit loss provisions, increased to 21,221,000 HKD as of September 30, 2024, compared to 9,757,000 HKD as of March 31, 2024[71]. Revenue Sources and Customer Contributions - Major customers contributing over 10% of total revenue included Customer A with HKD 36,295,000 and Customer B with HKD 19,896,000, compared to HKD 14,905,000 and HKD 10,255,000 respectively in the previous year[42]. - Revenue from the United States increased to HKD 28,785,000 from HKD 18,161,000, marking a growth of 58.0% year-over-year[46]. - Other European countries generated revenue of HKD 37,243,000, up from HKD 17,518,000, reflecting a significant increase of 112.0%[46]. Operational Efficiency and Cost Management - The company plans to implement strict cost control measures in administrative and capital expenditures to improve financial stability[35]. - The company aims to enhance operational cash flow through various channels for collecting trade and other receivables[35]. - The company experienced a significant reduction in impairment losses related to trade receivables and deposits, which had been fully provided for in the previous period[110]. Employee and Operational Metrics - The company employed a total of 44 full-time employees as of September 30, 2024, an increase from 40 employees as of September 30, 2023[149]. - The total employee cost for the six months ended September 30, 2024, was approximately HKD 11.6 million, compared to approximately HKD 10.4 million for the same period in 2023[149]. Corporate Governance and Compliance - The company has established an audit committee consisting of three independent non-executive directors, ensuring compliance with corporate governance standards[165]. - The audit committee reviewed the interim report and the unaudited condensed consolidated results for the six months ending September 30, 2024, confirming compliance with applicable accounting standards and GEM listing rules[165]. - The company has adopted and complied with the corporate governance code as per GEM listing rules, with a noted deviation regarding the separation of the roles of Chairman and CEO[162]. Market and Competitive Environment - The company has faced significant risks, including customer credit risk and reliance on major customers without long-term contracts, which could adversely affect its business and financial performance[140]. - The company is exposed to intense competition from manufacturers in South Asia and Southeast Asia, which could negatively impact profitability and financial performance if not managed effectively[141]. - The company’s operations are significantly affected by the economic, political, and social conditions in China, as most suppliers are located there[141].
爱世纪集团(08507) - 2024 - 年度财报
2024-06-26 08:30
Financial Performance - For the fiscal year ending March 31, 2024, the company's revenue decreased by approximately 20.7% to about HKD 118.8 million from HKD 149.7 million in the same period last year[7]. - The gross profit declined from approximately HKD 32.6 million to about HKD 27.2 million, while the gross margin increased from approximately 21.8% to about 22.9%[14]. - The loss attributable to the owners of the company increased significantly to approximately HKD 17.6 million from HKD 5.0 million in the previous year, primarily due to decreased revenue and gross profit, increased impairment losses, and higher depreciation and rental expenses[8]. - The company reported a loss before tax of HKD 17,402,000, compared to a loss of HKD 4,947,000 in 2023, representing a significant increase in losses[182]. - Total comprehensive loss for the year was HKD 17,523,000, compared to HKD 4,856,000 in the prior year, indicating a worsening financial position[182]. - Basic and diluted loss per share increased to HKD 4.40 from HKD 1.24, reflecting a higher loss attributable to shareholders[182]. - The group reported a net loss of approximately HKD 17,599,000 for the year ended March 31, 2024, compared to a net loss of HKD 4,955,000 in the previous year[199]. Revenue and Sales - The group's revenue for the reporting period was approximately HKD 118.8 million, a decrease of about 20.7% compared to approximately HKD 149.7 million in the same period last year[15]. - The total sales volume of finished products during the reporting period was 937,441 units, down from 1,237,488 units in the previous year[16]. - The sales revenue breakdown by product category shows that outerwear generated HKD 18.1 million (15.2% of total revenue), while trousers and shorts accounted for HKD 29.2 million (24.5%)[17]. Cost and Expenses - The cost of sales decreased by approximately 21.8% to about HKD 91.6 million from approximately HKD 117.1 million in the previous year[21]. - Administrative expenses increased by approximately 18.8% to about HKD 25.8 million, primarily due to depreciation expenses from newly acquired properties and equipment[27]. - Other income fell by approximately 80.5% to about HKD 0.5 million, primarily due to the absence of government subsidies and a decrease in miscellaneous income[24]. Liquidity and Financial Position - The current ratio decreased from approximately 1.5 times to about 0.8 times, mainly due to a reduction in cash and bank balances[33]. - The capital-to-debt ratio increased to approximately 157.9% from 63.4% in the previous year, indicating a higher reliance on bank borrowings for operational funding[33]. - Current liabilities rose to HKD 42,905,000 from HKD 34,378,000, leading to a negative net current asset position of HKD 7,063,000[184]. - As of March 31, 2024, the group's current liabilities exceeded its current assets by approximately HKD 7,063,000, compared to a net current asset value of HKD 17,486,000 in the previous year[199]. Business Strategy and Market Conditions - The management is focusing on stricter measures to monitor customer creditworthiness while exploring new business opportunities to compensate for the decline in revenue[9]. - The company plans to invest more resources into its sales and marketing teams to achieve optimistic performance in 2024[9]. - The overall retail market environment remains severe, impacting customer behavior and business performance[7]. - The company is continuously reviewing its business strategies and pricing policies to adapt to the challenging market environment[7]. Corporate Governance - The company has adopted and complied with the GEM Listing Rules Appendix C1 corporate governance code, ensuring adherence to all provisions during the reporting period[60]. - The board emphasizes the importance of transparency and accountability for listed companies, aiming to establish and maintain good corporate governance policies and procedures[59]. - The company is committed to maintaining high standards of business ethics and corporate governance in all activities and operations[62]. - The independent non-executive directors provide independent judgment on the group's strategy, performance, resources, and ethical standards[53]. Risk Management - The group faces significant customer credit risk and relies on several major customers without long-term contracts, which could adversely affect business performance[125]. - The group is exposed to intense competition from manufacturers in South Asia and Southeast Asia, which may negatively impact profitability and financial performance if not managed effectively[125]. - The company has a risk management framework in place to mitigate potential risks associated with its operations[98]. Employee and Board Composition - The company employed 43 full-time employees as of March 31, 2024, down from 44 employees a year earlier[44]. - The board consists of five directors, three of whom are independent non-executive directors, exceeding the GEM listing rules requirement of at least one-third independent non-executive directors[76]. - The board currently consists of five members, including two executive directors and three independent non-executive directors, with women making up nearly 40% of the board[105]. Auditor and Financial Reporting - The independent auditor's report indicates that the financial statements fairly reflect the group's financial position as of March 31, 2024[164]. - The audit committee reviewed the consolidated financial statements, confirming compliance with applicable financial reporting standards and GEM listing rules[161]. - The auditor aims to provide reasonable assurance that the consolidated financial statements are free from material misstatement due to fraud or error[176].
爱世纪集团(08507) - 2024 - 年度业绩
2024-06-23 10:05
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的任何損失承擔任何責任。 i.century Holding Limited 愛世紀集團控股有限公司 (於開曼群島註冊成立之有限公司) (股份代號:8507) 截至二零二四年三月三十一日止年度全年業績公告 愛 世 紀 集 團 控 股 有 限 公 司(「本公司」,與 其 附 屬 公 司 統 稱「本集團」)董 事(「董 事」)會 (「董事會」)謹 此 宣 佈 本 集 團 截 至 二 零 二 四 年 三 月 三 十 一 日 止 年 度 之 經 審 核 年 度 業 績。本公告列載本公司二零二四年之年報全文,並符合香港聯合交易所有限公司(「聯 交 所」)GEM證 券 上 市 規 則(「GEM上市規則」)中 有 關 年 度 業 績 初 步 公 告 附 載 資 料 之 相關要求。本公司二零二四年度報告的印刷版本將於適當時候寄發予本公司股東, 並可於聯交所網站www.hknews.h ...
爱世纪集团(08507) - 2024 - 中期财报
2023-11-13 11:11
Financial Performance - The group recorded unaudited revenue of approximately HKD 57.8 million for the six months ended September 30, 2023, a decrease of about 40.8% compared to HKD 97.7 million for the same period in 2022[10]. - The loss attributable to owners of the company for the six months ended September 30, 2023, was approximately HKD 9.2 million, compared to a profit of HKD 5.1 million for the same period in 2022[10]. - Gross profit for the six months ended September 30, 2023, was HKD 13.8 million, down from HKD 20.4 million in the same period of 2022, representing a decline of approximately 32.5%[11]. - The company reported a net loss of HKD 9,188,000 for the six months ended September 30, 2023, compared to a net profit of HKD 5,080,000 in the same period of 2022[16]. - The company incurred a total comprehensive loss of HKD 9,128,000 for the six months ended September 30, 2023, compared to a total comprehensive income of HKD 5,247,000 for the same period in 2022[16]. - The group reported a basic loss per share of HKD 9,188, compared to a profit of HKD 5,080 for the same period last year[42]. - The decline in performance was primarily due to decreased revenue and gross profit, the cessation of COVID-19 related government subsidies, and increased rental expenses[66]. Assets and Liabilities - Total current assets decreased to HKD 40.7 million as of September 30, 2023, from HKD 51.9 million as of March 31, 2023[13]. - The company's total liabilities increased to HKD 38.8 million as of September 30, 2023, compared to HKD 34.4 million as of March 31, 2023[13]. - The net current asset value decreased significantly to HKD 1.9 million as of September 30, 2023, from HKD 17.5 million as of March 31, 2023[13]. - As of September 30, 2023, the total equity attributable to the company's owners decreased to HKD 24,596,000 from HKD 33,724,000 as of March 31, 2023, representing a decline of approximately 27%[14]. - The company's debt-to-equity ratio increased to approximately 86.6% as of September 30, 2023, up from 63.4% as of March 31, 2023[88]. Cash Flow and Financing - The net cash generated from operating activities for the six months ended September 30, 2023, was HKD 870,000, a significant improvement compared to a net cash outflow of HKD 9,417,000 in the same period of 2022[18]. - The company’s cash and cash equivalents decreased to HKD 7.9 million as of September 30, 2023, from HKD 17.1 million as of March 31, 2023[13]. - The company’s financing costs increased to HKD 521,000 for the six months ended September 30, 2023, compared to HKD 137,000 for the same period in 2022[11]. - Interest paid during the financing activities increased to HKD 511,000 for the six months ended September 30, 2023, compared to HKD 110,000 in the same period of 2022[18]. - The company had outstanding bank borrowings of approximately HKD 20,432,000 as of September 30, 2023, compared to HKD 21,291,000 as of March 31, 2023[55]. Operational Highlights - The company did not report any new product launches or significant market expansions during the reporting period[19]. - The company did not engage in any significant investments or acquisitions of subsidiaries or associates during the six months ended September 30, 2023[96]. - The group has not declared any dividends for the six months ended September 30, 2023, consistent with the previous year[40]. - The company has recognized a full impairment provision of approximately HKD 1,465,000 for receivables from a third party that filed for bankruptcy protection[47]. - The company faces significant risks including customer credit risk, reliance on major customers, and competition from manufacturers in South Asia and Southeast Asia[90]. Market Conditions - The apparel retail market has not fully recovered, facing challenges such as economic slowdown, high inflation, and rising interest rates[102]. - The group is taking cautious measures to control production costs to mitigate the pressure on profit margins[102]. - The group plans to develop its own retail brands and networks to diversify revenue sources[102]. Governance and Compliance - The board of directors did not recommend any dividend for the six months ended September 30, 2023, consistent with the previous year[10]. - The Audit Committee has been established and consists of three independent non-executive directors, with Mr. Liu Youzhuan serving as the chairman[114]. - The Audit Committee reviewed the interim report and the unaudited consolidated results for the six months ended September 30, 2023, confirming compliance with applicable accounting standards and GEM listing rules[114].
爱世纪集团(08507) - 2024 Q1 - 季度财报
2023-08-11 10:59
Financial Performance - The company recorded unaudited revenue of approximately HKD 19.8 million for the three months ended June 30, 2023, a decrease of about 45.2% compared to HKD 36.2 million for the same period in 2022[6]. - The company reported a loss attributable to owners of approximately HKD 4.9 million for the three months ended June 30, 2023, compared to a profit of HKD 32,000 for the same period in 2022[6]. - Gross profit for the three months ended June 30, 2023, was HKD 4.8 million, down from HKD 6.7 million in the same period of 2022[7]. - The total comprehensive loss attributable to owners for the three months ended June 30, 2023, was HKD 4.8 million, compared to a total comprehensive income of HKD 122,000 for the same period in 2022[7]. - The company reported a net loss before tax of HKD 4.1 million for the three months ended June 30, 2023, compared to a profit of HKD 63,000 for the same period in 2022[7]. - The basic and diluted loss per share for the three months ended June 30, 2023, was HKD 1.22, compared to earnings of HKD 0.01 per share in the same period of 2022[7]. - The company experienced a significant increase in administrative expenses, which rose to HKD 6.2 million for the three months ended June 30, 2023, from HKD 5.2 million in the same period of 2022[7]. - Other income decreased to HKD 47,000 for the three months ended June 30, 2023, down from HKD 582,000 in the same period of 2022[7]. - The financing costs for the three months ended June 30, 2023, totaled HKD 243,000, significantly higher than HKD 79,000 in the previous year[30]. - The gross profit for the same period decreased from approximately HKD 6.7 million in 2022 to approximately HKD 4.8 million in 2023, while the overall gross profit margin increased from 18.6% to 24.0%[40]. - The company reported other income of HKD 47,000 for the three months ended June 30, 2023, down from HKD 582,000 in the same period of 2022[25]. - The company experienced an increase in expected credit loss provisions for trade receivables, contributing to the overall decline in performance[41]. - The company anticipates significant challenges in performance due to economic recession risks and plans to adjust product mix and strengthen overall business development[62]. Revenue Sources - For the three months ended June 30, 2023, the company reported revenue from goods sold of HKD 19,842,000, a decrease of 45% compared to HKD 36,231,000 for the same period in 2022[18]. - Major customers contributing over 10% of total revenue included Customer B with HKD 5,137,000 and Customer C with HKD 4,444,000, while Customer A did not contribute in 2023[21]. - Revenue from the United States decreased to HKD 6,665,000 from HKD 14,362,000 year-over-year, representing a decline of 53.6%[23]. - The company’s revenue primarily comes from providing apparel supply chain management services, with a focus on casual and outdoor functional products[39]. - The company’s main customers are primarily apparel retail brands in Europe, the United States, and Australia[39]. Dividends and Shareholder Information - The board of directors did not recommend any dividend for the three months ended June 30, 2023, consistent with the previous year[6]. - The company did not recommend the payment of dividends for the three months ended June 30, 2023[61]. - As of June 30, 2023, Mr. Leung and Ms. Tam each hold 280,000,000 shares, representing approximately 70% of the company's total shares[63]. - The shares are registered under Giant Treasure, which is equally owned by Mr. Leung and Ms. Tam, each holding a 50% beneficial interest[66]. - The major shareholder, Giant Treasure, is recognized as a beneficial owner of 280,000,000 shares, equating to 70% ownership[66]. - No other directors or key executives held or were deemed to hold any interests in the company's shares or related securities as of June 30, 2023[65]. Corporate Governance - The board has adopted and complied with the corporate governance code as per GEM Listing Rules, except for a deviation regarding the separation of the roles of Chairman and CEO[72]. - The company has confirmed compliance with the required standards for director securities trading as per GEM Listing Rules[73]. - The Audit Committee has been established in accordance with GEM Listing Rules and consists of three independent non-executive directors[76]. - The Audit Committee reviewed the unaudited consolidated financial results for the three months ended June 30, 2023, and confirmed compliance with applicable accounting standards and GEM Listing Rules[76]. - The Chairman of the Audit Committee is Mr. Liu Youzhuan, who possesses appropriate professional qualifications[76]. - The executive directors include Mr. Liang Guoxiong and Ms. Tan Shufen, along with independent non-executive directors Ms. Zhang Huimin, Mr. Liu Youzhuan, and Mr. Li Guanting[78]. Operational Impact - The company’s operations were impacted by the cessation of COVID-19 related government subsidies from the Hong Kong SAR government[41]. - The company did not recognize any government grants in the current period, compared to HKD 523,000 in the previous year[25]. - The company did not purchase, sell, or redeem any of its listed securities during the three months ending June 30, 2023[70]. - No significant events occurred after June 30, 2023, that would materially affect the group's operations and financial performance[74]. - The company has not established any arrangements that would benefit directors or their close associates through the acquisition of shares or bonds of the company or any other entity[69]. - The company has not disclosed any interests or positions held by individuals that would require registration in the company's register as of June 30, 2023[68]. Sales Performance - The total sales volume for the three months ended June 30, 2023, was 193,446 units, down from 321,961 units in the same period in 2022[45]. - The sales of outerwear decreased significantly from 46,485 units in 2022 to 1,964 units in 2023, representing a decline of approximately 96.8%[46]. - Average selling price of jackets increased by 114.1% to HKD 368.6 compared to HKD 172.2 in the same period last year[47]. - Total sales cost decreased by approximately 48.9% from about HKD 29.5 million to about HKD 15.1 million due to a decline in total sales volume[51].
爱世纪集团(08507) - 2023 - 年度财报
2023-07-02 10:30
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。有意投資的人土應了 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 通 常 為 中 小 型 公 司,於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 於 GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本年報之內容概不負責,對 其準確性或完整性亦不發表任何聲明,並明確表示,概不對因本年 報全部或任何部分內容而產生或因倚賴該等內容而引致的任何損 失承擔任何責任。 本年報乃遵照聯交所GEM證 券 上 市 規 則(「GEM上市規則」)而 刊 載, 旨 在 提 供 有 關 愛 世 紀 集 團 控 股 有 限 公 司(「本公司」,連 同 其 附 屬 公 司,統 稱「本集團」或「我 們」)的 資 料,本 公 司 董 事(「董 事」)願 就 本 年 報的資料共同及個別地承擔全部責任。各董事在作出一切合理查詢 後,確 ...
爱世纪集团(08507) - 2023 Q3 - 季度财报
2023-02-14 09:23
Financial Performance - The group recorded unaudited revenue of approximately HKD 122.1 million for the nine months ended December 31, 2022, a decrease of about 2.6% compared to HKD 125.4 million for the same period in 2021[7]. - The profit attributable to the owners of the company, excluding gains from property sales, was HKD 5.1 million, an increase of 137.4% from HKD 2.1 million for the nine months ended December 31, 2021[7]. - The gross profit for the nine months ended December 31, 2022, was HKD 26.646 million, compared to HKD 24.704 million for the same period in 2021, reflecting an increase in gross profit margin[8]. - The total comprehensive income attributable to the owners of the company for the nine months ended December 31, 2022, was HKD 5.077 million, compared to HKD 17.652 million for the same period in 2021[8]. - The company's basic and diluted earnings per share for the nine months ended December 31, 2022, was HKD 1.3, down from HKD 4.4 for the same period in 2021[8]. - The company reported a loss of HKD 34,000 for the three months ended December 31, 2022, compared to a profit of HKD 17.131 million for the same period in 2021[8]. - The company did not recommend any dividend payment for the nine months ended December 31, 2022, consistent with the previous year[7]. Revenue Sources - For the nine months ended December 31, 2022, the total revenue from merchandise sales was HKD 122,087,000, a decrease of 2.6% compared to HKD 125,404,000 for the same period in 2021[18]. - Major customer A contributed HKD 21,477,000 to total revenue, up from HKD 20,669,000 in the previous year, representing a growth of 3.9%[21]. - Revenue from the United States decreased significantly to HKD 49,896,000 from HKD 55,692,000, reflecting a decline of 10.5% year-on-year[22]. - The company did not report any property sale income for the nine months ended December 31, 2022, compared to HKD 15,513,000 in the previous year[26]. Expenses and Costs - The company experienced a significant increase in administrative expenses, totaling HKD 15.443 million for the nine months ended December 31, 2022, compared to HKD 16.104 million for the same period in 2021[8]. - The company’s employee costs, including director remuneration, amounted to approximately HKD 15.6 million for the nine months ended December 31, 2022, compared to HKD 15.1 million for the same period in 2021[29]. - The cost of goods sold was approximately HKD 92.5 million for the nine months ended December 31, 2022, compared to HKD 95.3 million for the same period in 2021[29]. - Selling and distribution expenses rose by approximately 27.4% to about 7.2 million HKD for the nine months ended December 31, 2022, compared to 5.7 million HKD in the previous year[52]. - Administrative expenses decreased by approximately 4.1% to about 15.4 million HKD for the nine months ended December 31, 2022, down from 16.1 million HKD in 2021[53]. - Total financing costs for the nine months were HKD 195,000, a decrease of 79.8% from HKD 964,000 in the same period last year[27]. - Financing costs significantly decreased by approximately 79.8% to about 0.2 million HKD for the nine months ended December 31, 2022, compared to 1.0 million HKD in the previous year[54]. Other Income and Gains - Government grants received increased to HKD 790,000 for the nine months ended December 31, 2022, compared to HKD 48,000 in the same period last year[25]. - The company reported a foreign exchange gain of HKD 31,000 for the nine months ended December 31, 2022, compared to a loss of HKD 3,000 for the same period in 2021[10]. - The company reported a net loss of HKD 253,000 from foreign exchange, compared to a loss of HKD 25,000 in the previous year[26]. - Interest income rose to HKD 121,000 for the nine months ended December 31, 2022, compared to HKD 42,000 in the previous year, marking an increase of 187.8%[25]. - The total other income for the nine months was HKD 944,000, significantly higher than HKD 120,000 in the same period last year[25]. - Other income increased from approximately 0.1 million HKD in 2021 to about 0.9 million HKD in 2022, mainly due to government subsidies related to the employment support scheme[50]. Market Outlook and Strategy - The group maintains a cautious outlook on post-pandemic market recovery due to persistent high inflation affecting the macroeconomic environment[58]. - The group plans to enhance overall competitiveness to achieve business growth despite most brand customers tightening procurement[58]. - The group aims for substantial development in sustainable clothing and outdoor apparel sectors[58]. - The group will continue to explore high-value customers and allocate resources for developing proprietary brand construction and online sales platforms[58]. Shareholder Information - As of December 31, 2022, major shareholders, Mr. Leung and Ms. Tam, each hold 280,000,000 shares, representing 70% of the issued share capital through Giant Treasure[62]. - The shares held by Giant Treasure are equally owned by Mr. Leung and Ms. Tam, who are spouses[62]. Corporate Governance - The company has adopted and complied with the corporate governance code as per GEM listing rules, with one deviation regarding the separation of roles of Chairman and CEO[68]. - The board believes that the current leadership structure, with Mr. Leung serving as both Chairman and CEO, is appropriate given his long-term management of the group since 2008[68]. - There are no known conflicts of interest between the directors and the group’s business as of December 31, 2022[66]. - No significant contracts involving directors or their close associates were reported as having substantial beneficial interests related to the company's business as of December 31, 2022[69]. Audit and Compliance - The audit committee, consisting of three independent non-executive directors, reviewed the quarterly report and the unaudited condensed consolidated results for the nine months ended December 31, 2022, confirming compliance with applicable accounting standards and GEM listing rules[71]. - No major events occurred after December 31, 2022, that significantly impacted the group's operational and financial performance[70].
爱世纪集团(08507) - 2023 - 中期财报
2022-11-11 13:29
(於 開 曼 群 島 註 冊 成 立 之 有 限 公司) 2 022 中期報告 c e n t u r y 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。有意投資的人土應了解投資於 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上市公司通常為中小型公司,於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,同時無法保證於GEM買賣的證 券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本中期報告內容概不負責,對其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明,並 明 確 表 示,概 不 對 因 本 中 期 報 告 全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任 何責任。 本中期報告乃遵照聯交所GEM證 券 上 市 規 則(「GEM上市規則」)而 刊 載, 旨在提供有關愛世紀集團控股有限公司(「本公司」,連同其附屬公司,統 稱「本集團」或「我 們」)的 資 料,董 事 願 就 本 中 期 報 告 的 資 料 共 同 及 個 別 地承 ...
爱世纪集团(08507) - 2023 Q1 - 季度财报
2022-08-12 14:11
(於 開 曼 群 島 註 冊 成 立 之 有 限 公司) 2 022 第一季度 業績報告 c e n t u r y 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上市公司通常為中小型公司,於GEM買賣的證券可能會較於聯 交所主板買賣之證券承受較大的市場波動風險,同時無法保證於GEM買 賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本季度報告之內容概不負責,對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明,並 明 確 表 示,概 不 對 因 本 季 度 報 告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔 任何責任。 本季度報告乃遵照聯交所GEM證 券 上 市 規 則(「GEM上市規則」)而 刊 載, 旨在提供有關愛世紀集團控股有限公司(「本公司」,連同其附屬公司,統 稱「本集團」或「我們」)的資料,本公司董事(「董事」)願就本季度報告的資 料 共 同 及 個 ...