ORANGE TOUR(08627)

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旅橙文化(08627) - 2020 Q3 - 季度财报
2020-11-13 14:42
Financial Performance - For the three months ended September 30, 2020, the group's revenue was RMB 2,401,000, a decrease of 85.2% compared to RMB 16,215,000 for the same period in 2019[4] - For the nine months ended September 30, 2020, the group's revenue was RMB 7,690,000, a decrease of 78.2% compared to RMB 35,304,000 for the same period in 2019[4] - The group reported a loss before tax of RMB 1,528,000 for the three months ended September 30, 2020, compared to a profit of RMB 6,709,000 for the same period in 2019[4] - The loss attributable to owners of the company for the three months ended September 30, 2020, was RMB 1,426,000, compared to a profit of RMB 4,562,000 for the same period in 2019[4] - The basic and diluted loss per share for the three months ended September 30, 2020, was RMB (0.18), compared to earnings of RMB 0.81 for the same period in 2019[4] - The total comprehensive loss for the nine months ended September 30, 2020, was RMB 3,503,000, compared to a total comprehensive income of RMB 9,583,000 for the same period in 2019[4] - The net loss for the nine months ended September 30, 2020, was approximately RMB 3.6 million, compared to a net profit of approximately RMB 9.9 million for the same period in 2019[27] Revenue Breakdown - Revenue from event management services for the nine months ended September 30, 2020, was RMB 3.0 million, a decrease from RMB 21.6 million in the same period of 2019[16] - Revenue from design and production services for the nine months ended September 30, 2020, was RMB 4.7 million, down from RMB 13.7 million for the same period in 2019[16] - The company's revenue decreased by approximately RMB 27.6 million or 78.2% from about RMB 35.3 million for the nine months ended September 30, 2019, to about RMB 7.7 million for the nine months ended September 30, 2020[30] Expenses and Costs - Employee benefits expenses increased due to a rise in the number of employees, contributing to the overall net loss[27] - The company recorded project costs of RMB 2.8 million for the nine months ended September 30, 2020, down from RMB 13.1 million in the same period of 2019[18] - Project costs decreased from approximately RMB 13.1 million for the nine months ended September 30, 2019, to about RMB 2.8 million for the nine months ended September 30, 2020, a reduction of approximately RMB 10.3 million or 78.6%[31] - Employee benefits expenses increased from approximately RMB 5.9 million for the nine months ended September 30, 2019, to about RMB 7.1 million for the nine months ended September 30, 2020, an increase of approximately RMB 1.3 million due to an increase in employee numbers[32] - Other operating expenses decreased from approximately RMB 2.2 million for the nine months ended September 30, 2019, to about RMB 1.7 million for the nine months ended September 30, 2020, due to a reduction in the number of projects undertaken[33] Dividends and Shareholder Information - The company did not recommend any dividend payment for the nine months ended September 30, 2020, consistent with 2019[22] - The board did not recommend the payment of any dividends for the nine months ended September 30, 2020[38] - Major shareholders include QY Investment Holding Limited, holding 420,000,000 shares, representing 52.5% of the company[40] Governance and Compliance - The company confirmed compliance with the GEM Listing Rules regarding securities trading by directors for the nine months ended September 30, 2020[51] - The company has adopted the corporate governance code as per GEM listing rules to enhance shareholder value and accountability[54] - The audit committee, established on October 21, 2019, includes independent non-executive directors and is responsible for reviewing financial information and internal controls[58] - The financial performance for the nine months ending September 30, 2020, has been reviewed by the audit committee and complies with applicable accounting standards[58] Cash and Financial Position - The group had cash and cash equivalents of RMB 21,283,000 as of September 30, 2020[6] Impact of COVID-19 - The company is closely monitoring the impact of the COVID-19 pandemic on its business and financial performance, with potential adjustments to its business plans as necessary[28] Other Financial Information - The company’s interest income for the nine months ended September 30, 2020, was RMB 130,000, compared to RMB 64,000 for the same period in 2019[16] - Financing costs remained relatively stable at approximately RMB 10,000 and RMB 8,000 for the nine months ended September 30, 2019, and 2020, respectively[36] - No further listing expenses will be recognized for the nine months ended September 30, 2020, following approximately RMB 0.4 million incurred for the nine months ended September 30, 2019[35] - The company has not granted, exercised, expired, or lapsed any share options under the share option scheme as of September 30, 2020[50] - The company has not applied any new or revised standards that have been issued but are not yet effective, and is currently assessing their impact[12] - The financial statements are prepared in accordance with Hong Kong Financial Reporting Standards and have not been audited[11]
旅橙文化(08627) - 2020 - 中期财报
2020-08-14 14:33
Financial Performance - The company's revenue for the six months ended June 30, 2020, was RMB 5,289,000, a decrease of 72.3% compared to RMB 19,120,000 for the same period in 2019[24] - The net loss attributable to the owners of the company for the six months ended June 30, 2020, was RMB 2,125,000, compared to a profit of RMB 4,270,000 for the same period in 2019[24] - The company reported a basic and diluted loss per share of RMB 0.27 for the six months ended June 30, 2020, compared to earnings per share of RMB 0.71 for the same period in 2019[24] - Total comprehensive income for the six months ended June 30, 2020, was RMB 4,347,000, compared to RMB 4,270,000 for the same period in 2019, representing a slight increase[34] - Revenue from event management services for the six months ended June 30, 2020, was RMB 2,786,000, down 78.3% from RMB 12,837,000 in the same period of 2019[45] - Revenue from design and production services for the six months ended June 30, 2020, was RMB 2,503,000, down 60.2% from RMB 6,283,000 in the same period of 2019[45] - The company incurred total operating expenses of RMB 4,847,000 for the six months ended June 30, 2020, compared to RMB 3,857,000 for the same period in 2019, an increase of 25.7%[24] - The company recorded a foreign exchange gain of RMB 48,000 for the six months ended June 30, 2020, compared to a gain of RMB 77,000 for the same period in 2019[24] - The company recorded a net loss of approximately RMB 2.1 million for the six months ended June 30, 2020, compared to a net profit of approximately RMB 4.3 million for the same period in 2019, representing a significant decline due to reduced project numbers caused by the COVID-19 pandemic[75] - Revenue decreased by approximately RMB 13.8 million or 72.3%, from approximately RMB 19.1 million for the six months ended June 30, 2019, to approximately RMB 5.3 million for the same period in 2020, primarily due to the postponement or cancellation of multiple projects[78] Assets and Liabilities - Total assets as of June 30, 2020, were RMB 98,245,000, a decrease of 11.7% from RMB 111,253,000 as of December 31, 2019[26] - The total equity of the company as of June 30, 2020, was RMB 90,466,000, down from RMB 92,543,000 as of December 31, 2019, representing a decrease of 2.2%[26] - The company’s total liabilities as of June 30, 2020, were not disclosed in the provided content, indicating a need for further financial analysis[41] - The company’s trade payables as of June 30, 2020, were RMB 418,000, down from RMB 2,819,000 as of December 31, 2019[63] Cash Flow and Investments - The company reported a net increase in cash and cash equivalents of RMB 8,762,000 for the six months ended June 30, 2020, compared to RMB 3,565,000 for the same period in 2019[38] - The company had cash and cash equivalents of RMB 46,270,000 as of June 30, 2020, up from RMB 30,524,000 at the end of the previous year[38] - Net cash generated from operating activities for the six months ended June 30, 2020, was RMB 13,731,000, compared to RMB 3,143,000 for the same period in 2019, indicating a significant improvement[38] - The company acquired property, plant, and equipment worth approximately RMB 197,000 for the six months ended June 30, 2020, compared to RMB 7,000 in 2019[59] - The company has not made any significant investments or acquisitions related to subsidiaries, associates, or joint ventures in the six months ended June 30, 2020[99] Employee and Operational Metrics - Employee benefit expenses increased by approximately RMB 0.9 million to approximately RMB 4.8 million for the six months ended June 30, 2020, due to an increase in the number of employees[81] - As of June 30, 2020, the total employee cost, including director remuneration, was approximately RMB 4.8 million, an increase from RMB 3.9 million as of June 30, 2019[101] - The company employed 60 staff as of June 30, 2020, up from 49 staff a year earlier[101] Corporate Governance - The company has adopted the corporate governance code as per GEM Listing Rules and has complied with all applicable provisions[140] - The audit committee was established on October 21, 2019, and is chaired by independent non-executive director Mr. He Youguo, with members including independent non-executive directors Mr. Ye Guancheng and Mr. Huang Jianye[144] - The audit committee reviewed the interim consolidated financial statements for the six months ended June 30, 2020, and found them compliant with applicable accounting standards and GEM listing rules[146] - There were no reported compliance breaches by the directors during the six months ending June 30, 2020[137] - The company has confirmed that there are no competitive businesses or conflicts of interest involving directors or major shareholders as of June 30, 2020[139] Future Outlook and Strategy - The management anticipates a challenging business environment for 2020 due to the ongoing impact of the pandemic on operations and financial performance[77] - The company plans to leverage the financial support from its listing to expand its core business and enhance its competitive position[75] - The company is actively seeking suitable properties in Yixing City for a new headquarters as part of its business expansion plans[97] - Due to the pandemic, the company has adopted a cautious approach to its business goals and strategies, continuously evaluating market conditions[124] Shareholder Information - As of June 30, 2020, Mr. Zhou and Ms. Song each hold 420,000,000 shares, representing 52.5% of the company's ordinary shares[127] - QY Investment Holding Limited is the beneficial owner of 420,000,000 shares, accounting for 52.5% of the total[130] - SRU Investment Limited holds 120,000,000 shares, which is 15.0% of the company's shares[130] - The company's issued share capital as of June 30, 2020, was RMB 5.6 million, with 800,000,000 ordinary shares issued at a par value of USD 0.001 per share[96] - The company has not granted, exercised, or allowed any stock options to expire or lapse as of June 30, 2020[136] - No stock options were granted or exercised during the reporting period, indicating a stable approach to equity compensation[136] - The company has not recommended any dividend payment for the six months ended June 30, 2020, consistent with 2019[54]
旅橙文化(08627) - 2020 Q1 - 季度财报
2020-05-14 14:24
Financial Performance - The Group reported revenue of RMB 2,009,000 for the three months ended March 31, 2020, a decrease of 53.0% compared to RMB 4,270,000 in the same period of 2019[4]. - The Group incurred a loss before tax of RMB 2,046,000 for the first quarter of 2020, compared to a profit of RMB 233,000 in the same period of 2019[4]. - The basic and diluted loss per share for the period was RMB 0.22, compared to earnings of RMB 0.01 per share in the same period last year[4]. - The Group's total comprehensive loss attributable to owners for the period was RMB 1,814,000, compared to a loss of RMB 79,000 in Q1 2019[4]. - The loss attributable to the owners of the company for the three months ended March 31, 2020, was approximately RMB 1.76 million, compared to a profit of RMB 76,000 for the same period in 2019[22]. Expenses - Employee benefit expenses increased to RMB 2,513,000 in Q1 2020, up 34.5% from RMB 1,867,000 in Q1 2019[4]. - The Group's other operating expenses rose to RMB 706,000 in Q1 2020, compared to RMB 419,000 in the same period of 2019[4]. - Other operating expenses increased to approximately RMB 0.70 million for the three months ended March 31, 2020, from approximately RMB 0.40 million for the same period in 2019, due to increased legal and professional fees post-listing[32]. - Project costs decreased by approximately 47.5% to about RMB 0.80 million for the three months ended March 31, 2020, from approximately RMB 1.53 million for the same period in 2019[30]. Taxation - The Group's tax credit for the period was RMB 285,000, compared to a tax expense of RMB 157,000 in the same period of 2019[4]. - The company had a deferred tax asset recognized of approximately RMB 285,000 related to deductible temporary differences[19]. Share Capital and Ownership - As of March 31, 2020, the company has a total issued share capital of RMB 5.6 million, with 800,000,000 ordinary shares issued at a par value of USD 0.001 each[50]. - The average number of ordinary shares outstanding increased to 800 million for the three months ended March 31, 2020, from 600 million for the same period in 2019 due to a share issuance[22]. - Mr. Zhou holds 420,000,000 shares, representing 52.5% of the company's ordinary shares, through QY Investment Holding Limited[37]. - Ms. Song also holds 420,000,000 shares, representing 52.5% of the company's ordinary shares, through her interest in QY Investment Holding Limited[37]. - SRU Investment Limited and Mr. Fan each hold 120,000,000 shares, representing 15.0% of the company's ordinary shares[40]. Corporate Governance - The company has adopted the corporate governance code as per GEM Listing Rules, ensuring compliance and accountability[49]. - There were no reported non-compliance incidents by the board of directors during the three months ended March 31, 2020[46]. - The company confirms that there were no conflicts of interest or competition from directors or major shareholders during the reporting period[48]. - The company has maintained a high level of corporate governance to enhance shareholder value and accountability[49]. - The audit committee was established on October 21, 2019, chaired by independent non-executive director Mr. He Youguo, with members including independent non-executive directors Mr. Ye Guancheng and Mr. Huang Jianye[54]. - The audit committee reviewed the unaudited consolidated financial statements for the three months ended March 31, 2020, confirming compliance with applicable accounting standards and GEM listing rules[56]. - The board of directors includes executive directors Mr. Zhou Yang and Ms. Song Ruiqing, along with independent non-executive directors Mr. He Youguo, Mr. Huang Jianye, and Mr. Ye Guancheng[56]. Impact of COVID-19 - The company experienced a significant impact on its operations due to the COVID-19 pandemic, leading to a reduction in the number of projects undertaken[27]. - The company did not incur any listing expenses in Q1 2020, while it had incurred RMB 142,000 in the same period of 2019[4]. - Interest income for the three months ended March 31, 2020, was RMB 42,000, compared to RMB 21,000 for the same period in 2019[3]. - The company did not recommend any dividend payment for the three months ended March 31, 2020, consistent with the previous year[36]. - No stock options were granted, exercised, expired, or lapsed during the three months ended March 31, 2020[45].
旅橙文化(08627) - 2019 - 年度财报
2020-03-27 13:10
旅橙文化控股有限公司 Orange Tour Cultural Holding Limited (於開曼群島註冊成立之有限公司) 股份代號:8627 年報 2019 香港聯合交易所有限公司(「聯交所」)GEM之特色 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,並應經過審慎周詳的考慮後方作出投資決定。 由於GEM上市的公司一般為中小型公司,在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的任何損失承擔 任何責任。 本報告的資料乃遵照聯交所GEM證券上市規則(「GEM上市規則」)的規定而刊載,旨在提供有關旅橙文化控股有 限公司(「本公司」,及其附屬公司,統稱「本集團」)的其他資料;本公司的董事(「董事」)願就本報告的資料共同 及個別地承擔全部責任。各董事在 ...
旅橙文化(08627) - 2019 Q3 - 季度财报
2019-11-14 14:18
Financial Performance - The group's revenue for the three months ended September 30, 2019, was RMB 16,215,000, representing a 22.9% increase from RMB 13,185,000 in the same period of 2018[4] - For the nine months ended September 30, 2019, the group's revenue reached RMB 35,304,000, up 15.8% from RMB 30,517,000 in the previous year[4] - The group's profit before tax for the three months ended September 30, 2019, was RMB 6,709,000, compared to RMB 3,215,000 in the same period of 2018, marking a 108.5% increase[4] - The net profit for the three months ended September 30, 2019, was RMB 4,848,000, significantly higher than RMB 1,700,000 in the same period of 2018, reflecting a 185.1% increase[4] - The total comprehensive income for the three months ended September 30, 2019, was RMB 4,562,000, compared to RMB 1,721,000 in the same period of 2018, indicating a 165.5% increase[4] - Basic and diluted earnings per share for the three months ended September 30, 2019, were RMB 0.81, up from RMB 0.28 in the same period of 2018[4] - For the nine months ended September 30, 2019, the group's revenue increased by approximately 15.7% to about RMB 353 million from approximately RMB 305 million for the same period in 2018[26] - The profit for the nine months ended September 30, 2019, was approximately RMB 99.74 million, a significant increase of 622.3% compared to approximately RMB 14.06 million for the same period in 2018[26] - The group's profit for the period surged by approximately RMB 8.5 million or 622.3% to about RMB 9.9 million for the nine months ended September 30, 2019, compared to approximately RMB 1.4 million for the same period in 2018[34] Costs and Expenses - The group incurred financing costs of RMB 10,000 for the nine months ended September 30, 2019, compared to no financing costs in the same period of 2018[4] - The group reported a foreign exchange loss of RMB 291,000 for the nine months ended September 30, 2019, compared to a loss of RMB 444,000 in the same period of 2018[4] - Project costs rose by approximately RMB 2.4 million or 23.0% to about RMB 13.1 million for the nine months ended September 30, 2019, from approximately RMB 10.7 million for the same period in 2018[30] - Employee benefits expenses remained relatively stable at approximately RMB 5.8 million and RMB 5.9 million for the nine months ended September 30, 2018, and 2019, respectively[31] - Other operating expenses were stable at approximately RMB 2.0 million and RMB 2.2 million for the nine months ended September 30, 2018, and 2019, respectively[32] Equity and Shareholder Information - The total equity of the group as of September 30, 2019, was RMB 53,650,000, reflecting an increase from RMB 39,067,000 at the beginning of the year[6] - Major shareholders include QY with a 52.5% stake, SRU Investment Limited with a 15.0% stake, and DHSH (BVI) Limited with a 7.5% stake[42] - The board does not recommend the payment of any dividends for the nine months ended September 30, 2019[21] - The board did not recommend any dividend payment for the nine months ended September 30, 2019, consistent with the previous year[35] - No share options were granted, exercised, expired, or lapsed under the share option scheme as of September 30, 2019[55] Business Strategy and Operations - The group plans to continue expanding its market presence and enhancing its service offerings in the coming quarters[3] - The group plans to establish new branch offices in Wuxi and Beijing as part of its strategy to expand its business operations[27] - The group aims to build a sales and marketing team and increase marketing efforts to enhance its market presence[27] - The group will set up an internal multimedia production and design team to support its business strategy[27] - The company adopted a share option scheme on October 21, 2019, aimed at incentivizing selected participants for their contributions[55] Compliance and Governance - The group has not yet determined the impact of the new and revised Hong Kong Financial Reporting Standards on its operational performance and financial position[14] - The company was listed on GEM on November 14, 2019, and relevant regulations were not applicable as of September 30, 2019[36] - The company has adopted the trading standards as per GEM Listing Rules from sections 5.48 to 5.67 for directors' securities transactions, confirming compliance from the listing date to the report date[56] - As of September 30, 2019, there were no business activities by directors or major shareholders that directly or indirectly compete with the company's business[57] - The company emphasizes the importance of good corporate governance based on the GEM Listing Rules and has adhered to the corporate governance code since its listing on November 14, 2019[59] - The audit committee, consisting of three independent non-executive directors, has reviewed the accounting principles and the financial performance for the nine months ending September 30, 2019, ensuring compliance with applicable accounting standards and GEM Listing Rules[63][64]