YING HAI GROUP(08668)

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瀛海集团(08668)公布中期业绩 净亏损100.8万港元 同比减少82.98%
智通财经网· 2025-08-21 13:05
公告称,收益增加主要由于销售及分销酒店客房所产生的收益增加。 亏损减少乃主要由于 (i)酒店客房 销售及分销以及汽车租赁服务提供所产生的收益增加;(ii)其他收入及收益增加;及(iii)僱员福利开支减 少。 智通财经APP讯,瀛海集团(08668)公布2025年中期业绩,收益约5150万港元,同比增长约6.6%。净亏 损100.8万港元,同比减少82.98%;每股基本及摊薄亏损为 0.08港仙。 ...
瀛海集团公布中期业绩 净亏损100.8万港元 同比减少82.98%
Zhi Tong Cai Jing· 2025-08-21 13:05
公告称,收益增加主要由于销售及分销酒店客房所产生的收益增加。亏损减少乃主要由于(i)酒店客房销 售及分销以及汽车租赁服务提供所产生的收益增加;(ii)其他收入及收益增加;及(iii)僱员福利开支减少。 瀛海集团(08668)公布2025年中期业绩,收益约5150万港元,同比增长约6.6%。净亏损100.8万港元,同 比减少82.98%;每股基本及摊薄亏损为0.08港仙。 ...
瀛海集团(08668) - 2025 - 中期财报
2025-08-21 12:56
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聯交所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 確表示概不對因本報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。 本報告的資料乃遵照聯交所GEM證券上巿規則(「GEM上巿規則」)而刊載,旨在提供有關瀛海集團控股有限公 司(「本公司」,連同其附屬公司統稱為「本集團」或「我們」)的資料;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。各董事在作出一切合理查詢後,確認就其所知及所信,本報告所載資料在各重大方 面均屬準確及完整,且無誤導或欺詐成分,及並無遺漏任何其他事項,足以致使本報告所載任何陳述或本報告 產生誤導。 目 ...
瀛海集团(08668) - 2025 - 中期业绩
2025-08-21 12:55
香港交易及結算所有限公司及香港聯合交易所有限公司(「聯交所」)對本公佈的內容概不負責,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佈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。 YING HAI GROUP HOLDINGS COMPANY LIMITED 瀛海集團控股有限公司 (於開曼群島註冊成立的有限公司) (股份代號:8668) 截至二零二五年六月三十日止六個月之 中期業績公佈 瀛海集團控股有限公司(「本公司」)之董事(「董事」)會(「董事會」)欣然宣佈,本公司 及其附屬公司(統稱「本集團」)截至二零二五年六月三十日止六個月之未經審核綜合 業績。本公佈載有本公司截至二零二五年六月三十日止六個月之中期報告全文,符 合聯交所GEM證券上市規則(「GEM上市規則」)有關隨附初步中期業績公佈的資料 的相關規定。 承董事會命 瀛海集團控股有限公司 主席、行政總裁兼執行董事 蔡偉振 香港,二零二五年八月二十一日 於本公佈日期,執行董事為蔡偉振先生及鄒舒爾女士;及獨立非執行董事為蘇兆基先生、施力濤先 生及胡宗明先生。 本公佈的資料乃遵照GEM上市規則而刊載,旨在提供有關本公 ...
瀛海集团(08668) - 董事会会议通告
2025-08-06 09:49
承董事會命 瀛海集團控股有限公司 (股份代號:8668) 董事會會議通告 瀛海集團控股有限公司(「本公司」)董事(「董事」)會(「董事會」)謹此宣佈,董事會將 於二零二五年八月二十一日(星期四)舉行董事會會議,藉以(其中包括)(1)考慮及批 准本公司及其附屬公司截至二零二五年六月三十日止六個月的未經審核綜合中期業 績(「中期業績」)及分別於聯交所網站及本公司網站上發佈其有關中期業績的公佈; (2)考慮中期股息建議(如有);(3)考慮暫停辦理本公司股份過戶登記手續(如有需 要)。 香港交易及結算所有限公司及香港聯合交易所有限公司(「聯交所」)對本公佈的內容概不負責,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佈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。 YING HAI GROUP HOLDINGS COMPANY LIMITED 瀛海集團控股有限公司 (於開曼群島註冊成立的有限公司) 主席、行政總裁兼執行董事 本公佈的資料乃遵照GEM上市規則而刊載,旨在提供有關本公司的資料;本公司董事願就本公佈的 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,確認就其 ...
瀛海集团(08668) - 截至2025年7月31日止股份发行人的证券变动月报表
2025-08-04 04:14
股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致:香港交易及結算所有限公司 公司名稱: 瀛海集團控股有限公司 呈交日期: 2025年8月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | 是 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 08668 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 12,000,000,000 | HKD | | 0.01 | HKD | | 120,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 12,000,000,000 | HKD | | 0.01 | HKD | | 120,000,000 | 第 1 頁 ...
瀛海集团(08668) - 2024 - 年度财报
2025-04-17 13:10
Financial Performance - For the fiscal year ending December 31, 2024, the company's revenue increased to HKD 104,991,000, up from HKD 94,709,000 in 2023, representing a growth of approximately 10.7%[14] - The company reported a pre-tax loss of HKD 9,514,000 for 2024, compared to a loss of HKD 2,546,000 in 2023, indicating a significant decline in profitability[14] - Total assets decreased to HKD 44,872,000 in 2024 from HKD 58,753,000 in 2023, reflecting a reduction of approximately 23.6%[15] - The total equity of the company fell to HKD 23,990,000 in 2024, down from HKD 33,672,000 in 2023, a decrease of about 28.8%[15] - The net current assets decreased to HKD 13,526,000 in 2024 from HKD 24,286,000 in 2023, a decline of approximately 44.3%[15] - The group's revenue increased from approximately HKD 94.7 million for the year ended December 31, 2023, to approximately HKD 105.0 million for the year ended December 31, 2024, representing an increase of about HKD 10.3 million[21] - The group's cost of sales rose from approximately HKD 81.4 million to approximately HKD 91.9 million, an increase of about HKD 10.5 million, primarily due to higher sales from hotel room distribution and car rental services[22] - The group's gross profit remained stable at approximately HKD 13.3 million for the year ended December 31, 2023, and approximately HKD 13.1 million for the year ended December 31, 2024, with a gross profit margin of about 12.5% for the latter year[23] - Administrative expenses increased from approximately HKD 14.5 million to approximately HKD 18.9 million, mainly due to rising salary expenses[25] - Other operating expenses rose from approximately HKD 0.9 million to approximately HKD 2.2 million, primarily due to increased sponsorship costs[26] - The annual loss increased significantly from approximately HKD 2.5 million for the year ended December 31, 2023, to approximately HKD 9.5 million for the year ended December 31, 2024, attributed to higher salary expenses and impairment losses[33] Business Operations and Strategy - The company is optimistic about the tourism market in Macau and Asia, driven by a significant increase in visitors, particularly from China, following the easing of COVID-19 restrictions[9][17] - The company plans to strengthen its existing business operations to provide stable returns and growth prospects for shareholders[10] - The company has expanded its operations into Hong Kong, obtaining a travel agency license from the Travel Industry Authority in March 2023[18] - The company operates in three main segments: tourism services, car rental services, and event management, with a focus on Macau, China, and Hong Kong[9][18] - The group plans to strategically seek partnerships with more hotel operators and travel agencies in Macau to expand its market share and service offerings[19] - The group is considering expanding its tourism business into mainland China and diversifying its revenue sources through event ticket sales and related services[19] - The group has completed four performances of the "Australian Thunder Show" in Macau, Taiwan, and South Korea, and organized various concerts and events in Macau[20] - The company has purchased 19 new vehicles for point-to-point cross-border transport services and car rental services in Macau[38] - The company is currently seeking suitable hotel operators for collaboration, which has been delayed due to the need for more time[38] - The company plans to expand its tourism business into mainland China and Hong Kong, actively looking for opportunities in these markets[38] Risk Management and Governance - The company emphasizes the importance of understanding the risks associated with investing in GEM-listed companies, which typically have higher investment risks[4] - The company has no significant changes in its capital structure as of December 31, 2024[43] - The company has not proposed a final dividend for the year ended December 31, 2024, consistent with the previous year[50] - The company has no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the year ended December 31, 2024[52] - The company has pledged bank deposits of approximately HKD 2.7 million as collateral for general banking facilities as of December 31, 2024, unchanged from the previous year[45] - The company has a total of approximately HKD 1.6 million in bank borrowings as of December 31, 2024, with a fair value of approximately HKD 1.8 million for the pledged properties[48] - The board believes that the risk management and internal control systems are adequate and effective as of December 31, 2024[138] - The audit committee has reviewed the adequacy of resources and the qualifications of employees involved in accounting and financial reporting functions[138] - The board conducts annual reviews of the risk management and internal control systems to minimize risks faced by the group[137] - The company has engaged independent external consultants for an internal control review, which is expected to be completed by March 26, 2025[137] Corporate Governance - The company has adopted a corporate governance code in compliance with GEM listing rules, maintaining high levels of transparency and accountability[89] - The chairman and CEO roles are held by the same individual, which the board believes is in the best interest of the company for effective management[90] - All directors confirmed compliance with the trading standards set forth in the company's code of conduct for securities transactions during the fiscal year ending December 31, 2024[91] - The company has established service agreements for executive directors with an initial term of three years, automatically renewing unless terminated with prior notice[98] - Independent non-executive directors have a fixed term of one year from the listing date, also subject to automatic renewal unless terminated with prior notice[98] - The board is responsible for overall management and strategic direction, ensuring decisions are made in the best interest of the company[94] - The company has received annual independence confirmations from all independent non-executive directors, affirming their compliance with independence guidelines[95] - The board regularly reviews its functions and responsibilities to maintain high standards of corporate governance[94] - The board consists of two executive directors and three independent non-executive directors, ensuring a balanced governance structure[93] - The company has established three committees: the audit committee, the remuneration committee, and the nomination committee, ensuring adequate resources for their responsibilities[101] Human Resources - The employee costs for the year ending December 31, 2024, amounted to approximately HKD 19.5 million, an increase from HKD 12.8 million in the previous year[70] - The group had a total of 84 employees as of December 31, 2024, down from 88 employees in the previous year[70] - The board believes that the quality of employees is crucial for maintaining business growth and improving profitability[70] - The company emphasizes continuous professional development for directors, ensuring they are aware of governance and regulatory updates[131] - The company has a gender composition of approximately 65.5% male and 34.5% female among its 84 employees[128] Environmental, Social, and Governance (ESG) - The company has presented its sixth Environmental, Social, and Governance (ESG) report covering the period from January 1, 2024, to December 31, 2024[161] - The ESG report is prepared in accordance with the GEM Listing Rules and follows principles of materiality, quantification, balance, and consistency[161] - The company emphasizes the importance of sustainable development as a key driver for creating long-term value for stakeholders[166] - The board is committed to enhancing corporate image and reducing ESG risks through focused resource management and compliance with relevant laws and regulations[164] - The company has adopted the Hong Kong Stock Exchange's ESG Reporting Guidelines to enhance its sustainability efforts in environmental protection and employee welfare[166] - The company aims to provide substantial returns to investors while ensuring a healthy and safe working environment for employees[167] - The company has implemented a "Green Environmental Policy and Procedures" to balance business returns with environmental protection[182] - The company has committed to using only high-quality fuel and environmentally friendly vehicles to minimize emissions[193] - The company has implemented energy-saving measures, including replacing traditional lighting with LED lights[193] - The company has not reported any non-compliance issues regarding waste disposal or emissions in the 2024 reporting period[190]
瀛海集团(08668) - 2024 - 年度业绩
2025-03-26 14:39
Financial Performance - Revenue increased from approximately HKD 94.7 million for the year ended December 31, 2023, to approximately HKD 105.0 million for the year ended December 31, 2024, representing an increase of about 10.3 million HKD[4]. - Gross profit for the year ended December 31, 2024, was approximately HKD 13.1 million, compared to approximately HKD 13.3 million for the year ended December 31, 2023[4]. - Loss for the year increased significantly from approximately HKD 2.5 million for the year ended December 31, 2023, to approximately HKD 9.5 million for the year ended December 31, 2024[4]. - Basic loss per share attributable to owners of the company was approximately HKD 0.79 cents for the year ended December 31, 2024, compared to HKD 0.21 cents for the year ended December 31, 2023[4]. - The group reported a pre-tax loss of HKD 9,514,000 for the year, compared to a pre-tax loss of HKD 2,546,000 in the previous year, reflecting a significant increase in losses[25][26]. - The company’s annual loss increased significantly from approximately HKD 2.5 million for the year ended December 31, 2023, to approximately HKD 9.5 million for the year ended December 31, 2024, attributed to increased salary expenses and impairment losses[67]. Revenue Sources - The company primarily engages in the sale and distribution of tickets and hotel rooms, travel-related products and services, and vehicle rental services in Macau[8]. - Revenue from hotel room sales and distribution amounted to HKD 79,078,000 in 2024, up from HKD 69,714,000 in 2023, indicating a growth of about 13.5%[19]. - The travel business segment generated revenue of HKD 79,581,000, while the automotive business and event business contributed HKD 19,474,000 and HKD 5,936,000 respectively, totaling HKD 104,991,000 for the group[25]. - The group’s total income from customer contracts was HKD 102,622,000, an increase from HKD 92,689,000 in the previous year, marking a growth of about 10.1%[19]. - Revenue from external customers in Macau increased to HKD 103,790,000 in 2024, up from HKD 93,571,000 in 2023, representing an increase of approximately 10.3%[33]. Assets and Liabilities - Total assets less current liabilities decreased from HKD 35.9 million as of December 31, 2023, to HKD 25.5 million as of December 31, 2024[7]. - Current assets decreased from HKD 47.1 million as of December 31, 2023, to HKD 32.9 million as of December 31, 2024[7]. - Current liabilities decreased from HKD 22.8 million as of December 31, 2023, to HKD 19.4 million as of December 31, 2024[7]. - Net assets attributable to owners of the company decreased from HKD 33.7 million as of December 31, 2023, to HKD 24.0 million as of December 31, 2024[7]. - Trade receivables totaled HKD 19,566,000 in 2024, down from HKD 25,911,000 in 2023, reflecting a decrease of approximately 24.6%[44]. - Trade payables decreased from HKD 15.9 million in 2023 to HKD 8.9 million in 2024, with significant reductions in amounts due within 30 days[48]. Expenses - Employee benefits expenses (excluding directors' remuneration) rose to HKD 14,979,000 in 2024 from HKD 10,593,000 in 2023, an increase of about 41.5%[37]. - Administrative expenses increased from approximately HKD 14.5 million in 2023 to approximately HKD 18.9 million in 2024, mainly due to higher salary expenses[60]. - The employee cost for the year ended December 31, 2024, was approximately HKD 19.5 million, an increase from HKD 12.8 million in 2023[103]. Strategic Initiatives - The company plans to strategically seek partnerships with more hotel operators and travel agencies in Macau to enhance its market position and drive sustainable growth[53]. - The company is considering expanding its travel business into mainland China and diversifying its revenue sources through ticket sales and event organization[54]. - The company has purchased 19 new vehicles for point-to-point cross-border transport services and car rental services in Macau[71]. - The company aims to collaborate with more hotel operators, but has faced challenges in identifying suitable partners[69]. - The company plans to expand its tourism business into China, with ongoing efforts to identify opportunities in the mainland and Hong Kong[72]. Financial Position - As of December 31, 2024, the total cash and cash equivalents amounted to approximately HKD 5.9 million, a decrease from HKD 9.3 million as of December 31, 2023, primarily due to increased working capital needs for business expansion and net cash used for repaying bank borrowings[80]. - The total borrowings and lease liabilities as of December 31, 2024, were approximately HKD 2.3 million, down from HKD 3.4 million as of December 31, 2023, with outstanding bank financing commitments of approximately HKD 1.6 million[80]. - The debt-to-equity ratio as of December 31, 2024, was approximately 9.4%, compared to 10.0% as of December 31, 2023, calculated based on bank borrowings and lease liabilities divided by total equity attributable to the owners of the company[84]. - The company reported a capital commitment of approximately HKD 4.2 million as of December 31, 2024, significantly up from HKD 0.8 million as of December 31, 2023[86]. Governance and Compliance - The company has adopted the corporate governance code as per GEM listing rules, ensuring high levels of transparency and accountability to protect shareholder interests[109]. - The company confirms compliance with the minimum public float requirement of at least 25% as per GEM listing rules[113]. - The board believes that the dual role of the chairman and CEO held by Mr. Cai is in the best interest of the company, despite a deviation from the corporate governance code[110]. - The company has confirmed that all directors have adhered to the required standards of conduct regarding securities trading for the fiscal year ending December 31, 2024[111]. Market Risks - The financial performance has been adversely affected by the COVID-19 pandemic, prompting a strategic adjustment to mitigate operational risks[69]. - The company’s revenue is primarily derived from Macau, making it sensitive to changes in policies and economic conditions in Macau and China[76]. - The company faces risks related to potential travel restrictions and the ability to secure favorable terms with hotel operators, which could impact business performance[75]. Other Information - The annual general meeting for 2024 is scheduled for May 10, 2024, with further announcements to be made in accordance with GEM listing rules[116]. - The auditor has confirmed that the financial statements for the year ending December 31, 2024, are consistent with the group's consolidated financial statements[114]. - There are no significant events that require disclosure after December 31, 2024, up to the date of this announcement[115].
瀛海集团(08668) - 2024 - 中期财报
2024-08-26 14:17
Financial Performance - For the six months ended June 30, 2024, the group recorded unaudited revenue of approximately HKD 48.3 million, a significant increase of HKD 12.1 million or 33.4% compared to HKD 36.2 million for the same period in 2023[5]. - The group reported an unaudited loss attributable to owners of the company of approximately HKD 5.9 million for the six months ended June 30, 2024, compared to an unaudited profit of HKD 3.0 million for the same period in 2023[5]. - Basic and diluted loss per share for the six months ended June 30, 2024, was HKD 0.49, compared to a profit of HKD 0.25 per share for the same period in 2023[5]. - For the six months ended June 30, 2024, the company reported a total comprehensive loss of HKD 6,013,000, compared to a total comprehensive income of HKD 3,056,000 for the same period in 2023[9]. - The company incurred a loss of HKD 5,921,000 during the six months ended June 30, 2024, compared to a profit of HKD 2,970,000 for the same period in 2023[9]. - The group recorded a pre-tax loss of HKD 5,921,000 for the six months ended June 30, 2024, compared to a profit of HKD 2,970,000 for the same period in 2023[31][33]. Assets and Liabilities - Non-current assets as of June 30, 2024, amounted to HKD 11.9 million, compared to HKD 11.6 million as of December 31, 2023[8]. - Current assets decreased to HKD 41.0 million as of June 30, 2024, from HKD 47.1 million as of December 31, 2023[8]. - The net current asset value was HKD 17.5 million as of June 30, 2024, down from HKD 24.3 million as of December 31, 2023[8]. - Total assets less current liabilities were HKD 29.4 million as of June 30, 2024, compared to HKD 35.9 million as of December 31, 2023[8]. - The group's total equity attributable to owners decreased to HKD 27.7 million as of June 30, 2024, from HKD 33.7 million as of December 31, 2023[8]. - Total borrowings and lease liabilities amounted to approximately HKD 2.8 million as of June 30, 2024, down from HKD 3.4 million as of December 31, 2023[116]. - As of June 30, 2024, the group's asset-liability ratio was approximately 37.3%, a significant increase from about 10.0% as of December 31, 2023[121]. Cash Flow - Cash and cash equivalents decreased by HKD 1,308,000 during the six months ended June 30, 2024, resulting in a closing balance of HKD 5,182,000[14]. - Operating activities generated a net cash outflow of HKD 683,000 for the six months ended June 30, 2024, compared to a net cash inflow of HKD 3,064,000 for the same period in 2023[14]. - The company's cash flow from investing activities resulted in a net cash outflow of HKD 10,000 for the six months ended June 30, 2024, compared to a net inflow of HKD 470,000 in the same period of 2023[14]. - The company’s financing activities resulted in a net cash outflow of HKD 615,000 for the six months ended June 30, 2024, compared to HKD 1,987,000 in the same period of 2023[14]. - The group's cash and cash equivalents decreased from approximately HKD 9.3 million as of December 31, 2023, to approximately HKD 7.9 million as of June 30, 2024, primarily due to net cash outflows from operating and financing activities[115]. Revenue Segments - Revenue from customer contracts amounted to HKD 46,245,000, up 33.4% from HKD 34,699,000 year-on-year[26]. - The travel business segment generated revenue of HKD 34,302,000, representing a 15.5% increase from HKD 29,825,000 in the previous year[31]. - The automotive business segment reported revenue of HKD 8,792,000, a 67.5% increase from HKD 5,260,000 in the same period last year[31]. - The performance of the event business segment showed a revenue of HKD 5,208,000, compared to HKD 1,114,000 in the previous year[31]. - The group has three reportable segments: travel, automotive, and events, with each segment's performance being evaluated for resource allocation[28][29][30]. Expenses and Losses - The cost of sales rose sharply by approximately 62.3%, from about HKD 26.8 million to about HKD 43.5 million during the same periods, driven by increased sales of hotel rooms, event tickets, and car rental services[64]. - Gross profit decreased by approximately 48.9%, from about HKD 9.4 million to about HKD 4.8 million, primarily due to reduced margins from hotel room sales amid intense competition in the industry[64]. - Administrative expenses increased from approximately HKD 6.6 million to about HKD 12.0 million, representing an increase of approximately 81.8% due to higher employee benefits and sponsorship expenses[66]. - Employee benefits expenses surged to HKD 10,093,000 from HKD 4,940,000, an increase of 104.6%[37]. Dividends and Equity - The board of directors decided not to recommend the payment of an interim dividend for the six months ended June 30, 2024, consistent with the previous year[5]. - No interim dividend was recommended for the six months ended June 30, 2024, remaining at zero, similar to the previous period[122]. - The company’s total equity increased to HKD 27,659,000 as of June 30, 2024, from HKD 39,177,000 at the end of the previous reporting period[9]. Strategic Initiatives - The company has expanded its business into Hong Kong, obtaining a travel agency license on March 22, 2023[59]. - The strategic goal is to consolidate its market position in the Macau tourism industry and seek partnerships with more hotel operators and travel agencies[59]. - The company plans to expand its tourism business into China, aiming to increase revenue sources related to the Macau tourism industry[59]. - The group aims to collaborate with more hotel operators and is actively seeking partnerships with popular and quality hotels[103]. - The group has allocated approximately HKD 22.2 million for collaboration with event organizers, sponsoring well-known stars and artists for performances and events in China, Macau, and Asia[101]. Risks and Challenges - The group faces risks related to potential travel restrictions and consumer sentiment due to the pandemic, which may impact the tourism industry in Macau and China[104]. - The group will ensure its business plans are flexible to respond to market conditions and will closely monitor business trends to identify favorable entrepreneurial environments[104]. - The group faced significant adverse impacts on its business and operations due to pandemic-related lockdowns and travel restrictions in Macau, China, and Hong Kong, leading to a substantial decrease in visitor numbers[107]. - The group's ability to generate revenue is heavily reliant on the performance of hotel operators in Macau, which may be adversely affected by changes in policies and economic conditions in the region[107]. Governance and Management - The chairman and CEO roles are held by the same individual, which the board believes is in the best interest of the group[129]. - As of June 30, 2024, the chairman held 900 million shares, representing 75.0% of the company's equity[134]. - As of June 30, 2024, Silver Esteem Limited and Ms. Wang Peiqiong each hold 900,000,000 shares, representing 75.0% ownership in the company[137]. - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited condensed consolidated financial statements for the six months ended June 30, 2024, and found them to be prepared in accordance with applicable accounting standards[142].
瀛海集团(08668) - 2024 - 中期业绩
2024-08-26 14:15
Financial Performance - For the six months ended June 30, 2024, the company recorded unaudited revenue of approximately HKD 48.3 million, a significant increase of HKD 12.1 million or 33.4% compared to HKD 36.2 million for the same period in 2023[7] - The company reported an unaudited loss attributable to owners of approximately HKD 5.9 million for the six months ended June 30, 2024, compared to an unaudited profit of HKD 3.0 million for the same period in 2023[7] - Basic and diluted loss per share for the six months ended June 30, 2024, was HKD 0.49, compared to earnings of HKD 0.25 per share for the same period in 2023[7] - The company reported a total comprehensive loss attributable to owners of approximately HKD 6.0 million for the six months ended June 30, 2024, compared to a total comprehensive income of HKD 3.1 million for the same period in 2023[9] - The company reported a net loss of HKD 5,921,000 for the six months ended June 30, 2024, compared to a profit of HKD 2,970,000 in the same period of 2023[11] - The group reported a pre-tax loss of HKD 5,921,000 for the six months ended June 30, 2024, compared to a profit of HKD 2,970,000 for the same period in 2023[39][42] Revenue Breakdown - Revenue from hotel room sales and distribution was HKD 33,444,000, up from HKD 29,126,000, reflecting a growth of 11.9%[28] - The total revenue from customer contracts amounted to HKD 46,245,000, compared to HKD 34,699,000 in the previous year, indicating a significant increase of 33.4%[28] - Car rental service revenue increased to HKD 7,374,000, a 96.5% rise from HKD 3,760,000 in the prior period[28] - The performance of the event and activity segment showed a decline, with a revenue of HKD 5,208,000 for 2024 compared to HKD 1,114,000 in 2023, which is a decrease of about 367.5%[33][35] Expenses and Costs - Gross profit for the six months ended June 30, 2024, was HKD 4.8 million, down from HKD 9.4 million in the same period in 2023[9] - Administrative expenses increased to HKD 12.0 million for the six months ended June 30, 2024, compared to HKD 6.6 million for the same period in 2023[9] - The cost of sales rose sharply by approximately 62.3%, from about HKD 26.8 million to about HKD 43.5 million during the same periods, driven by increased sales and distribution of hotel rooms and event ticket sales[66] - Gross profit decreased by approximately 48.9%, from about HKD 9.4 million to about HKD 4.8 million, primarily due to reduced margins from hotel room sales amid intense competition in the hotel industry[66] - The group incurred total employee benefits expenses of HKD 10,093,000 for the six months ended June 30, 2024, compared to HKD 4,940,000 in 2023, marking an increase of approximately 104.6%[39] Assets and Liabilities - As of June 30, 2024, the total assets decreased to HKD 29,395,000 from HKD 35,926,000 as of December 31, 2023, representing a decline of approximately 18.1%[10] - The net current assets decreased to HKD 17,526,000 from HKD 24,286,000, indicating a reduction of about 27.8%[10] - The company's total equity decreased to HKD 27,659,000 from HKD 33,672,000, reflecting a decrease of about 17.8%[11] - The company’s total liabilities decreased to HKD 41,012,000 from HKD 47,113,000, a reduction of about 12.9%[10] - The company's asset-liability ratio increased to approximately 37.3% as of June 30, 2024, compared to approximately 10.0% as of December 31, 2023[123] Cash Flow and Liquidity - Cash and cash equivalents decreased to HKD 5,182,000 from HKD 6,582,000, a decline of approximately 21.2%[16] - Operating cash flow for the six months ended June 30, 2024, was a net outflow of HKD 683,000, compared to a net inflow of HKD 3,064,000 in the prior year[16] - The company’s cash flow from operating and financing activities resulted in a net cash outflow for the six months ended June 30, 2024[117] Strategic Plans and Market Position - The company plans to strategically seek partnerships with more hotel operators and travel agencies in Macau to enhance its market position and increase revenue streams[61] - The company aims to diversify its income sources by engaging in ticket sales and organizing events in Asia, which is expected to create synergies with existing tourism services[61] - The company has expanded its operations into Hong Kong, obtaining a travel agency license on March 22, 2023[61] - The company aims to expand its tourism business into China, identifying opportunities in the Chinese and Hong Kong tourism markets[105] Governance and Compliance - The company has adopted the corporate governance code as per GEM Listing Rules Appendix C1 and has complied with it in all significant aspects, except for a deviation regarding the separation of roles of the Chairman and CEO[130] - The Audit Committee was established in accordance with GEM Listing Rules and consists of three independent non-executive directors[144] - The Audit Committee has reviewed the unaudited condensed consolidated financial statements for the six months ended June 30, 2024, and believes they are prepared in accordance with applicable accounting standards[144] Other Relevant Information - The company has no significant capital commitments as of June 30, 2024, compared to approximately HKD 0.8 million as of December 31, 2023[124] - The company has no significant contingent liabilities as of June 30, 2024, consistent with the previous year[125] - There have been no significant acquisitions or disposals of subsidiaries or joint ventures as of June 30, 2024[112] - No significant events requiring disclosure have occurred after June 30, 2024, up to the date of this report[143]