Workflow
YING HAI GROUP(08668)
icon
Search documents
瀛海集团(08668) - 2023 Q1 - 季度业绩
2023-05-15 12:07
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 三 年 三 月 三 十 一 日 止 三 個 月 之 第 一 季 度 業 績 公 告 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」)截至二零二三年三月三十一日止三個月之未經審核綜 合業績。本公告載有本公司截至二零二三年三月三十一日止三個月之第一季度報告 (「第一季度報告」)全文,符合聯交所GEM證券上市規則(「GEM上市規則」)有關初 步季度業績公告的資料的相關規定。第一季度報告印刷本將於本公告日期寄發予本 公司股東,並於聯交所網站www.hkexnews.hk及本公司網站www.yinghaiholding.com 可供查閱。 ...
瀛海集团(08668) - 2022 - 年度业绩
2023-03-26 23:00
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。 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 二 年 十 二 月 三 十 一 日 止 年 度 之 全 年 業 績 公 告 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 及其附屬公司截至二零二二年十二月三十一日止年度之經審核綜合業績。本公告載 有本公司截至二零二二年十二月三十一日止之年報(「二零二二年年報」)全文,符合 聯交所GEM證券上市規則(「GEM上市規則」)有關初步年度業績公告的資料的相關 規定。二零二二年年報印刷本將於本公告日期寄發予本公司股東,並於聯交所網站 www.hkexnews.hk及本公司網站www.yinghaiholding.com可供查閱。 承董事會命 瀛海集團控股有限公司 主席 ...
瀛海集团(08668) - 2022 Q3 - 季度财报
2022-11-08 11:11
Financial Performance - For the nine months ended September 30, 2022, the group recorded unaudited revenue of approximately HKD 8.2 million, a decrease of about HKD 0.6 million or 6.8% compared to HKD 8.8 million for the same period in 2021[5] - The unaudited loss attributable to owners of the company for the nine months ended September 30, 2022, was approximately HKD 7.8 million, a reduction of about HKD 6.3 million or 44.7% from HKD 14.1 million in the same period of 2021[5] - Basic and diluted loss per share for the nine months ended September 30, 2022, was HKD 0.65, compared to HKD 1.17 for the same period in 2021[5] - For the three months ended September 30, 2022, the group reported a revenue of HKD 2.1 million, down from HKD 3.7 million in the same period of 2021[7] - The gross profit for the nine months ended September 30, 2022, was HKD 238, compared to HKD 2,145 for the same period in 2021[7] - The total comprehensive loss for the nine months ended September 30, 2022, was HKD 7.9 million, compared to HKD 14.1 million for the same period in 2021[10] - Total revenue for the nine months ended September 30, 2022, was HKD 8,246,000, a decrease of 6.8% compared to HKD 8,845,000 for the same period in 2021[28] - The travel segment reported a revenue of HKD 5,676,000 for the nine months ended September 30, 2022, down from HKD 6,533,000 in the previous year, a decline of about 13.1%[33] - The automotive segment generated revenue of HKD 2,570,000 for the nine months ended September 30, 2022, compared to HKD 2,312,000 in the same period of 2021, an increase of approximately 11.2%[33] Expenses and Costs - Administrative expenses for the nine months ended September 30, 2022, were HKD 10.6 million, down from HKD 17.2 million in the same period of 2021[7] - The group's cost of sales increased by approximately 19.5%, rising from about HKD 6.7 million to HKD 8.0 million for the nine months ended September 30, 2022, primarily due to increased procurement costs for hotel rooms[56] - Gross profit for the nine months ended September 30, 2022, was approximately HKD 0.2 million, a decline of about 88.9% compared to approximately HKD 2.1 million for the same period in 2021[57] - Other income and gains increased from approximately HKD 0.9 million to about HKD 2.7 million for the nine months ended September 30, 2022, mainly due to an increase in government subsidies received[59] - Employee costs, including director remuneration, were approximately HKD 7.1 million for the nine months ended September 30, 2022, down about 10.1% from HKD 7.9 million for the same period in 2021[75] Dividends and Equity - The board of directors decided not to recommend the payment of an interim dividend for the nine months ended September 30, 2022, consistent with the previous year[5] - The total equity as of September 30, 2022, was HKD 40.4 million, down from HKD 48.3 million as of January 1, 2022[10] - The company did not declare or recommend any interim dividend for the nine months ended September 30, 2022, consistent with the previous year[48] - The group had no significant capital commitments related to the acquisition of property, plant, and equipment as of September 30, 2022[86] Risk Management - The company has not reported any significant changes in its risk management policies since December 31, 2021[24] - The company’s financial risk management includes credit risk, cash flow and fair value interest rate risk, and liquidity risk[23] - The company is strategically adjusting its business plans to mitigate risks and uncertainties arising from the pandemic and market conditions[69] - The company faces risks from ongoing pandemic impacts, including potential travel restrictions and reduced consumer sentiment affecting Macau's tourism industry[71] Strategic Plans and Market Position - The group plans to strategically seek partnerships with more hotel operators and travel agencies in Macau to enhance its market position and increase revenue sources beyond hotel room sales and vehicle rentals[52] - The board anticipates that the gradual easing of travel restrictions will increase the number of tourists to Macau, thereby improving the group's business performance[51] - The company aims to expand its tourism business into China, identifying opportunities in the Chinese tourism market[68] - The company has purchased 12 new vehicles to expand its fleet for point-to-point cross-border transport services and car rental in Macau[68] Corporate Governance - The group has adopted high standards of corporate governance, ensuring transparency and accountability, and has complied with the corporate governance code in all significant aspects[92] - The Audit Committee, consisting of three independent non-executive directors, has reviewed the unaudited financial statements for the nine months ending September 30, 2022[105] - The company continues to comply with the GEM Listing Rules regarding the trading standards for directors[102] Management Changes - Mr. Cai has resigned as Executive Director and Chairman, effective August 3, 2022, with Ms. Zou Shuer appointed as both Chairman and CEO[94] - The company believes that the dual role of Ms. Zou as Chairman and CEO will provide strong leadership and effective long-term business strategy implementation[94] - The company has maintained a balance of power and authority between the board and management despite the structural changes[94]
瀛海集团(08668) - 2022 Q2 - 季度财报
2022-09-13 11:05
Investments - The group's significant investments include financial instruments measured at fair value through profit or loss, with a total investment cost of HKD 24,069,000 and unrealized gains of HKD 2,495,000, resulting in a fair value of HKD 26,243,000, which represents 40.9% of the group's total assets [3]. Concert Sponsorship - The group has entered into a cooperation agreement to sponsor a concert featuring a well-known artist in China, expecting to receive 20% of the concert revenue, while the promoter will receive 80% [5]. - The investment strategy focuses on diversifying revenue sources by leveraging resources to sponsor concerts organized by reputable promoters, especially in light of the negative impact of the COVID-19 pandemic since 2020 [6].
瀛海集团(08668) - 2022 - 中期财报
2022-08-11 13:22
Financial Performance - For the six months ended June 30, 2022, the group recorded unaudited revenue of approximately HKD 6.1 million, an increase of about HKD 1.0 million or 19.6% compared to HKD 5.1 million for the same period in 2021[5] - The group reported an unaudited loss attributable to owners of the company of approximately HKD 6.4 million for the six months ended June 30, 2022, an improvement from a loss of HKD 8.8 million for the same period in 2021[5] - Basic and diluted loss per share for the six months ended June 30, 2022, was HKD 0.53, compared to HKD 0.74 for the same period in 2021[5] - The group reported a total loss before tax of HKD 6,327,000 for the six months ended June 30, 2022, compared to a loss of HKD 8,849,000 for the same period in 2021, representing a reduction in loss of 28.5%[36] - The company reported a net loss of HKD 8,849,000 for the six months ended June 30, 2022, compared to a loss of HKD 26,068,000 for the same period in 2021[19] - Total comprehensive loss for the period was HKD 8,792,000, reflecting a significant decrease from the previous year's loss[19] - For the six months ended June 30, 2022, the loss attributable to shareholders was HKD 6,327,000, a 29% decrease from HKD 8,849,000 in the same period of 2021[46] Revenue Breakdown - Revenue for the travel business for the six months ended June 30, 2022, was HKD 4,354,000, an increase of 13.9% compared to HKD 3,821,000 for the same period in 2021[31] - Revenue for the car rental service for the six months ended June 30, 2022, was HKD 1,769,000, an increase of 38.1% compared to HKD 1,282,000 for the same period in 2021[31] - Total revenue for the group for the six months ended June 30, 2022, was HKD 6,123,000, an increase of 19.8% compared to HKD 5,103,000 for the same period in 2021[31] Assets and Liabilities - Total assets less current liabilities as of June 30, 2022, amounted to HKD 46.5 million, a decrease from HKD 54.9 million as of December 31, 2021[10] - The group's non-current assets decreased to HKD 11.7 million as of June 30, 2022, from HKD 14.7 million as of December 31, 2021[10] - Current liabilities increased to HKD 10.5 million as of June 30, 2022, from HKD 9.4 million as of December 31, 2021[10] - The group's cash and cash equivalents decreased to HKD 4.4 million as of June 30, 2022, from HKD 8.9 million as of December 31, 2021[10] - The total equity attributable to owners of the company decreased to HKD 41.9 million as of June 30, 2022, from HKD 48.3 million as of December 31, 2021[10] - The company’s total equity as of June 30, 2022, was HKD 41,901,000, a decrease from HKD 64,114,000 as of June 30, 2021[19] Cash Flow and Financing - Cash and cash equivalents decreased by HKD 4,446,000, ending the period at HKD 4,361,000, compared to HKD 15,622,000 at the end of the same period last year[19] - The net cash used in operating activities was HKD 4,529,000, an improvement from HKD 26,068,000 in the prior year[19] - The company recorded cash inflows from investing activities of HKD 2,101,000, down from HKD 19,983,000 in the previous year[19] - The company’s financing activities resulted in a net cash outflow of HKD 2,018,000, compared to HKD 2,511,000 in the previous year[19] - The total borrowings and lease liabilities as of June 30, 2022, were approximately HKD 8.4 million, down from HKD 10.3 million as of December 31, 2021[100] Operational Highlights - The company plans to strategically seek partnerships with more hotel operators and travel agencies in Macau to expand its market share and enhance revenue from hotel room sales and car rental services[70] - The company aims to expand its tourism business into China and explore other opportunities to diversify its revenue sources beyond hotel room sales and vehicle rentals[70] - The company has entered into a cooperation agreement with a concert promoter to organize and sponsor eight concerts in China, which have been delayed to the second half of 2022 due to strict pandemic measures[72] - The company continues to monitor the risks associated with travel restrictions and the impact of COVID-19 on its business operations[69] - The company purchased 12 new vehicles to provide point-to-point cross-border transport services in Macau, adjusting the fleet expansion plan based on market demand[86] Corporate Governance - The company has adopted the corporate governance code as per GEM Listing Rules Appendix 15, ensuring transparency and accountability to protect shareholders' interests[112] - Following Mr. Cai's resignation on August 3, 2022, Ms. Zou Shu Er was appointed as both the Chairperson and CEO, continuing the deviation from the corporate governance code[115] - The audit committee was established in accordance with GEM Listing Rule 5.28, consisting of three independent non-executive directors[127] - All directors confirmed compliance with the trading standards as per GEM Listing Rules during the six months ending June 30, 2022[125] - The company maintains a strong leadership structure with independent non-executive directors to ensure a balance of power and authority[115] Other Financial Information - The company recorded a gross loss of approximately HKD 0.3 million for the six months ended June 30, 2022, compared to a gross profit of approximately HKD 1.5 million for the same period in 2021[75] - Administrative expenses decreased by approximately 36.9%, from about HKD 11.1 million for the six months ended June 30, 2021, to approximately HKD 7.0 million for the six months ended June 30, 2022, due to reductions in advertising, depreciation, and related expenses[78] - The income tax expense for the six months ended June 30, 2022, was approximately HKD 2,000, compared to no income tax expense for the same period in 2021[79] - The company has not disclosed any new product or technology developments, market expansions, or acquisitions during the reporting period[124]
瀛海集团(08668) - 2022 Q1 - 季度财报
2022-05-06 13:13
Financial Performance - For the three months ended March 31, 2022, the group recorded unaudited revenue of approximately HKD 3.8 million, an increase of approximately HKD 2.6 million or 216.7% compared to HKD 1.2 million for the same period in 2021[5] - The group reported an unaudited loss attributable to owners of the company of approximately HKD 4.2 million for the three months ended March 31, 2022, compared to a loss of approximately HKD 4.5 million for the same period in 2021[5] - Basic and diluted loss per share for the three months ended March 31, 2022, was HKD 0.47, compared to HKD 0.50 for the same period in 2021[5] - The gross loss for the three months ended March 31, 2022, was HKD 400,000, compared to a gross profit of HKD 220,000 for the same period in 2021[8] - The total comprehensive loss for the three months ended March 31, 2022, was HKD 4.19 million, compared to HKD 4.49 million for the same period in 2021[8] - The group recorded a total loss before tax of HKD 4,219,000 for the three months ended March 31, 2022, compared to a loss of HKD 4,503,000 for the same period in 2021, showing an improvement of 6%[24] - The net loss for the three months ended March 31, 2022, was approximately HKD 4.2 million, a decrease from HKD 4.5 million in the same period of 2021, mainly due to reduced administrative expenses[45] Revenue Breakdown - For the three months ended March 31, 2022, the group reported total revenue of HKD 3,775,000, a significant increase from HKD 1,153,000 for the same period in 2021, representing a growth of 227%[18] - The travel business generated revenue of HKD 2,791,000, up from HKD 894,000 in the previous year, indicating a growth of 212%[24] - The automotive business reported revenue of HKD 984,000, compared to HKD 259,000 in the prior year, reflecting an increase of 280%[24] Expenses and Costs - Administrative expenses for the three months ended March 31, 2022, were HKD 4.18 million, a decrease from HKD 4.74 million for the same period in 2021[8] - The cost of sales rose by approximately 366.7%, from about HKD 0.9 million to about HKD 4.2 million, primarily due to increased sales and distribution of hotel rooms and car rental services[38] - Administrative expenses decreased by approximately 10.6%, from about HKD 4.7 million to about HKD 4.2 million, mainly due to reductions in depreciation, advertising, and rental expenses[42] - The financing costs decreased from approximately HKD 0.2 million to about HKD 0.1 million, attributed to lower interest payments on bank loans and lease liabilities[44] Dividends and Shareholder Information - The board of directors decided not to recommend the payment of an interim dividend for the three months ended March 31, 2022[6] - The company did not declare or pay any dividends for the three months ended March 31, 2022, consistent with the previous year[34] - As of March 31, 2022, the chairman and CEO, Mr. Cai Weizhen, held 900,000,000 shares, representing 75.0% of the company's equity[80] - Silver Esteem Limited holds 900,000,000 shares, representing 75.0% of the company's total shares[84] - Ms. Wang Peiqiong, as the spouse of Mr. Cai Weizhen, also holds 900,000,000 shares, equating to 75.0% ownership[85] Cash Flow and Financial Position - As of March 31, 2022, the company's cash and cash equivalents amounted to approximately HKD 4.5 million, down from HKD 8.9 million as of December 31, 2021, due to operational support during the pandemic[62] - The total borrowings and lease liabilities of the company as of March 31, 2022, were approximately HKD 9.3 million, a decrease from HKD 10.3 million as of December 31, 2021[63] - The group's debt-to-equity ratio as of March 31, 2022, was approximately 21.2%, a slight decrease from 21.3% as of December 31, 2021, primarily due to increased bank borrowings and a decrease in equity attributable to owners[66] Future Plans and Market Strategy - The company plans to utilize the remaining IPO proceeds for various purposes, including expanding its fleet and collaborating with more hotels[47] - The company aims to expand its tourism business into China, with a planned allocation of approximately HKD 957,000 from the IPO proceeds[47] - The company is strategically seeking partnerships with popular and quality hotel operators, contingent on the pandemic's control situation[50] - The company aims to ensure its business plans are flexible to respond to market challenges and will closely monitor business trends for favorable entrepreneurial environments[51] - The group plans to strategically seek partnerships with more hotel operators and travel agencies in Macau to enhance its market position and increase revenue from hotel room sales and vehicle rentals[73] Risks and Challenges - The company faces significant risks due to ongoing pandemic-related travel restrictions and low consumer sentiment, which may continue to impact the tourism industry in Macau[51] - The company's revenue is primarily derived from Macau, making it sensitive to policy and economic changes in Macau and China[54] - The business and financial performance for the three months ended March 31, 2022, was significantly impacted by travel restrictions due to the pandemic, but the board anticipates gradual improvement as restrictions ease[74] Compliance and Governance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited condensed consolidated financial statements for the three months ended March 31, 2022[90] - The company has complied with the trading standards set forth in GEM Listing Rules from the directors' inquiries[88] - No significant events requiring disclosure occurred after March 31, 2022, up to the report date[89] - The report will be available on the GEM website and the company's website for at least seven days from the publication date[91]
瀛海集团(08668) - 2021 - 年度财报
2022-03-31 14:33
Financial Performance - Total revenue for the year ended December 31, 2021, was HKD 14,621,000, a decrease of 27.5% from HKD 20,114,000 in 2020[11] - The company reported a pre-tax loss of HKD 25,112,000 for 2021, slightly improved from a loss of HKD 25,360,000 in 2020[11] - The group's revenue decreased by approximately 27.4% from about HKD 20.1 million in the year ended December 31, 2020, to about HKD 14.6 million in the year ended December 31, 2021[21] - Gross profit increased by approximately 481.8%, from about HKD 1.1 million to about HKD 6.4 million, mainly due to revenue generated from concert business[23] - Other income and gains decreased from about HKD 3.3 million to about HKD 1.9 million, primarily due to a reduction in interest income[25] - The group recorded a slight decrease in annual losses from approximately HKD 25.5 million to about HKD 24.9 million for the years ended December 31, 2020, and December 31, 2021[29] Assets and Equity - Total assets decreased to HKD 64,246,000 in 2021 from HKD 92,830,000 in 2020, representing a decline of 30.9%[11] - Total equity decreased to HKD 48,265,000 in 2021 from HKD 72,906,000 in 2020, a reduction of 33.8%[11] - The company’s non-current assets dropped to HKD 14,663,000 in 2021 from HKD 24,618,000 in 2020, a decrease of 40.4%[11] Business Operations - The company operates as a licensed wholesale travel agent and car rental service provider in Macau, focusing on B2B travel services[14] - The company has been authorized to provide various travel-related services, including car rentals and ticket sales for entertainment events[14] - The company aims to consolidate its existing business and provide stable returns and growth prospects for shareholders in the future[8] - The travel industry in Macau continues to be severely impacted by COVID-19, affecting overall revenue significantly[13] Future Plans and Strategies - The group plans to strategically seek partnerships with more hotel operators and travel agencies in Macau to enhance market share and revenue[16] - Future expansion plans include extending tourism business into China and exploring additional revenue sources related to the Macau tourism industry[16] - The company aims to diversify its business by expanding its tourism operations into China, having acquired a travel agency in the region[33] Financial Management - The company has maintained its capital structure without significant changes as of December 31, 2021[42] - The total borrowings and lease liabilities as of December 31, 2021, were approximately HKD 10.3 million, down from HKD 14.3 million as of December 31, 2020, with outstanding bank financing commitments of approximately HKD 6.9 million[44] - The debt-to-equity ratio as of December 31, 2021, was approximately 21.3%, an increase from 19.7% as of December 31, 2020[46] Corporate Governance - The company is committed to maintaining high levels of corporate governance to protect shareholder interests and ensure transparency[82] - The board believes that the dual role of the Chairman and CEO, held by Mr. Cai Weizhen, is in the best interest of the company due to his extensive experience in the tourism industry since 2014[83] - The company has adopted the corporate governance code as per the GEM listing rules, updated to the latest amendments effective from January 1, 2022[82] - The company has established various committees, including the remuneration, nomination, and audit committees, to ensure effective governance[82] Environmental, Social, and Governance (ESG) Initiatives - The group reported a significant focus on environmental, social, and governance (ESG) initiatives during the reporting period from January 1, 2021, to December 31, 2021[144] - The group aims to reduce negative environmental impacts and improve employee welfare as part of its ESG strategy[147] - The company is committed to maintaining the highest ethical standards and complying with all relevant laws and regulations regarding environmental, social, and governance matters[152] - The company has implemented a "green environmental policy and procedures" to balance business returns with environmental protection[158] Employee Management - As of December 31, 2021, the group had a total of 54 employees, down from 71 employees in 2020, with employee costs approximately HKD 10.5 million for the year[61] - The gender distribution of employees shows 31 males and 23 females in 2021, compared to 46 males and 25 females in 2020[198][199] - The workforce composition includes 54 full-time employees and 0 part-time employees in 2021, down from 65 full-time employees and 6 part-time employees in 2020[200] Risk Management - The board believes that the risk management and internal control systems are adequate and effective, with no significant deficiencies identified as of the report date[126] - The company has established procedures to minimize credit risk associated with trade receivables, significantly reducing potential financial losses[55] - The company has not engaged in any hedging transactions or held any financial derivatives as of December 31, 2021, indicating a conservative approach to risk management[53]
瀛海集团(08668) - 2021 Q3 - 季度财报
2021-11-09 13:53
Financial Performance - For the nine months ended September 30, 2021, the group recorded unaudited revenue of approximately HKD 8.8 million, a significant decrease of about HKD 7.3 million or 45.3% compared to HKD 16.1 million for the same period in 2020[5] - The unaudited loss attributable to owners of the company for the nine months ended September 30, 2021, was approximately HKD 14.1 million, a reduction of about 19.0% from a loss of HKD 17.4 million in the same period of 2020[5] - Basic and diluted loss per share for the nine months ended September 30, 2021, was HKD 1.17, compared to HKD 1.45 for the same period in 2020[5] - The group reported a gross profit of HKD 2.145 million for the nine months ended September 30, 2021, down from HKD 2.347 million in the same period of 2020[9] - The total comprehensive loss for the nine months ended September 30, 2021, was HKD 13.870 million, compared to HKD 17.453 million for the same period in 2020[9] - The group experienced a pre-tax loss of HKD 14.056 million for the nine months ended September 30, 2021, compared to a pre-tax loss of HKD 17.448 million in the same period of 2020[9] - Other income and gains for the nine months ended September 30, 2021, amounted to HKD 908, down from HKD 1.154 million in the same period of 2020[9] - The group reported a financing cost of HKD 389 thousand for the nine months ended September 30, 2021, compared to HKD 158 thousand for the same period in 2020, reflecting an increase of approximately 146.2%[9] - Total revenue for the nine months ended September 30, 2021, was HKD 8,845,000, a decrease of 45% compared to HKD 16,087,000 for the same period in 2020[33] - Total revenue for the travel segment was HKD 6,533,000 for the nine months ended September 30, 2021, down 54.2% from HKD 14,275,000 in the same period of 2020[38] - The automotive segment generated revenue of HKD 2,312,000 for the nine months ended September 30, 2021, an increase of 27.6% from HKD 1,812,000 in the same period of 2020[38] Expenses and Costs - Administrative expenses for the nine months ended September 30, 2021, were HKD 17.236 million, compared to HKD 19.575 million for the same period in 2020, indicating a decrease of approximately 11.9%[9] - Sales costs reduced by approximately 51.1%, from about HKD 13.7 million to about HKD 6.7 million during the same periods[58] - Gross profit for the nine months ended September 30, 2021, was approximately HKD 2.1 million, down about 8.7% from HKD 2.3 million for the same period in 2020[59] - Other income and gains decreased from about HKD 1.2 million to about HKD 0.9 million, primarily due to a reduction in government subsidies received[61] - Administrative expenses decreased by approximately 12.2%, from about HKD 19.6 million to about HKD 17.2 million, mainly due to reductions in employee benefits and depreciation expenses[62] Dividends and Shareholder Information - The board of directors decided not to recommend the payment of an interim dividend for the nine months ended September 30, 2021[6] - The group did not recommend any interim dividend for the nine months ended September 30, 2021, consistent with the previous year[53] - As of September 30, 2021, the chairman and CEO, Mr. Cai Weizhen, holds a 75% stake in the company through Silver Esteem Limited, which owns 900,000,000 shares[110] - As of September 30, 2021, Silver Esteem Limited holds 900,000,000 ordinary shares, representing 75.0% ownership in the company[113] - Mr. Cai Weizhen is the sole beneficial owner of Silver Esteem Limited, which is registered in the British Virgin Islands[113] - No share options were granted, agreed to be granted, exercised, cancelled, or lapsed under the share option scheme as of September 30, 2021[115] Risk Management - The group is subject to financial risks including credit risk, cash flow and fair value interest rate risk, and liquidity risk, which are detailed in the annual financial statements[27] - The group has not made significant changes to its risk management policies since December 31, 2020[28] - The group observed a continued risk to its operations due to potential travel restrictions and low consumer sentiment affecting visitor numbers to Macau[80] - The group has noted that its revenue is primarily derived from Macau, making it sensitive to changes in policies and economic conditions in the region[81] - The group has faced risks related to delayed payments from customers, which may impact its operational costs[82] - The group does not face significant foreign exchange risks due to its operations primarily in Macau, with most transactions settled in Macanese Patacas and Hong Kong Dollars[98] Strategic Initiatives - The group plans to expand its tourism business into China and has acquired a travel agency in China as part of its diversification strategy[76] - The group aims to collaborate with concert organizers based on market demand in China and Macau[74] - The strategic goal is to strengthen the group's market position in the Macau tourism industry and seek partnerships with more hotel operators and travel agencies to increase market share[99] - The group plans to expand its hotel room inventory and attract business travelers and high-spending customers, which is expected to drive higher sales and revenue from related services[99] - The group has entered into a hotel management service agreement with Huadu Hotel Limited, allowing exclusive control over hotel room pricing and distribution, expected to provide stable income[102] - The board anticipates that the gradual reopening of the border between China and Macau will lead to an increase in visitor numbers, improving the group's business performance[99] - The group will continue to explore new hotel business opportunities and implement cost control measures until market conditions improve[100] Financial Position - As of September 30, 2021, the group's cash and cash equivalents totaled approximately HKD 15.1 million, a decrease from HKD 19.4 million a year earlier, primarily due to operational support during the pandemic[89] - The total borrowings and lease liabilities amounted to approximately HKD 11.0 million as of September 30, 2021, down from HKD 11.9 million as of June 30, 2021[91] - The group’s asset-liability ratio was approximately 18.6% as of September 30, 2021, unchanged from June 30, 2021[93] - The group has pledged bank deposits of approximately HKD 4.0 million as collateral for general banking facilities and guarantees to suppliers[92] - As of September 30, 2021, the group had no significant capital commitments related to contracted acquisitions of properties, plants, and equipment, unchanged from June 30, 2021[95] - The group reported no significant contingent liabilities as of September 30, 2021, similar to the previous year[97] Audit and Compliance - The group’s financial statements for the nine months ended September 30, 2021, have not been audited by the group’s auditors[25] - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited condensed consolidated financial statements for the nine months ended September 30, 2021, and found them compliant with applicable accounting standards[119] - There were no significant events requiring disclosure after September 30, 2021, up to the report date[118]
瀛海集团(08668) - 2021 - 中期财报
2021-08-09 12:05
Financial Performance - The group recorded unaudited revenue of approximately HKD 5.1 million for the six months ended June 30, 2021, a significant decrease of HKD 9.9 million or 66.0% compared to HKD 15.0 million for the same period in 2020[5] - The unaudited loss attributable to owners of the company for the six months ended June 30, 2021, was approximately HKD 8.8 million, an improvement from a loss of HKD 12.6 million for the same period in 2020[5] - Basic and diluted loss per share for the six months ended June 30, 2021, was HKD 0.74, compared to HKD 1.05 for the same period in 2020[5] - The group reported a total comprehensive loss of HKD 8.8 million for the six months ended June 30, 2021, compared to HKD 12.7 million for the same period in 2020[8] - The company reported a net loss of HKD 12,604,000 for the six months ended June 30, 2021, compared to a loss of HKD 8,849,000 for the same period in 2020[14] - The group reported total financing costs of HKD 270 thousand for the six months ended June 30, 2021, compared to HKD 89 thousand for the same period in 2020[46] - The group reported a pre-tax loss of HKD 4,346,000 for the three months ended June 30, 2021, compared to a loss of HKD 7,413,000 for the same period in 2020, representing a 41.5% improvement[52] - For the six months ended June 30, 2021, the loss attributable to shareholders was HKD 8,849,000, down from HKD 12,604,000 in the same period of 2020, indicating a 29.0% reduction[52] - The company recorded a loss of approximately HKD 8.8 million for the six months ended June 30, 2021, compared to a loss of HKD 12.6 million for the same period in 2020, indicating a reduction in losses[91] Revenue Breakdown - The group reported revenue of HKD 5,103 thousand for the six months ended June 30, 2021, a decrease of 66.1% compared to HKD 15,046 thousand for the same period in 2020[41] - The travel business generated revenue of HKD 3,821 thousand for the six months ended June 30, 2021, down 71.6% from HKD 13,433 thousand in the prior year[41] - The car rental services segment reported revenue of HKD 1,282 thousand for the six months ended June 30, 2021, a decrease of 20.5% compared to HKD 1,613 thousand in the same period of 2020[41] Assets and Liabilities - Total assets less current liabilities amounted to HKD 72.4 million as of June 30, 2021, down from HKD 82.9 million as of December 31, 2020[12] - Non-current assets increased to HKD 27.6 million as of June 30, 2021, compared to HKD 24.6 million as of December 31, 2020[12] - Current liabilities decreased to HKD 8.3 million as of June 30, 2021, from HKD 9.9 million as of December 31, 2020[12] - The group’s equity attributable to owners of the company decreased to HKD 64.1 million as of June 30, 2021, from HKD 72.9 million as of December 31, 2020[12] - Total equity as of June 30, 2021, was HKD 64,114,000, a decrease from HKD 85,531,000 as of June 30, 2020[14] - The total borrowings and lease liabilities as of June 30, 2021, were approximately HKD 11.9 million, down from HKD 14.3 million as of December 31, 2020[111] - The company's debt-to-equity ratio as of June 30, 2021, was approximately 18.6%, compared to 19.7% as of December 31, 2020[113] Cash Flow and Expenditures - Cash flow from operating activities was negative HKD 26,068,000 for the six months ended June 30, 2021, compared to negative HKD 6,788,000 for the same period in 2020[23] - The company had cash and cash equivalents of HKD 15,622,000 at the end of June 30, 2021, down from HKD 24,165,000 at the beginning of the period[23] - The company incurred capital expenditures of HKD 6,955,000 for property, plant, and equipment during the reporting period[23] - The company generated net cash inflow from investing activities of HKD 19,983,000, a significant improvement from a net outflow of HKD 3,408,000 in the previous year[23] - The company’s financing activities resulted in a net cash outflow of HKD 2,511,000 for the period[23] Operational Challenges - The group faces various financial risks, including credit risk and liquidity risk, which are detailed in the annual report[30] - The company has faced significant risks due to the pandemic, affecting its operations and the tourism industry in Macau[100] - The number of visitors to Macau decreased by approximately 85.0% in the first five months of 2021 compared to the same period in 2020, impacting revenue generation[80] - The group's business and financial performance were significantly impacted by the pandemic, leading to a substantial decrease in visitors to Macau[122] Corporate Governance and Management - The board of directors decided not to recommend the payment of an interim dividend for the six months ended June 30, 2021, consistent with the previous year[5] - The group has not adopted new accounting standards that would significantly impact its financial position or performance[29] - The group continues to assess the impact of new accounting standards that have been issued but are not yet effective[29] - The board believes that maintaining high standards of corporate governance is essential for transparency and protecting shareholder interests[126] - The audit committee has reviewed the unaudited condensed consolidated financial statements for the six months ended June 30, 2021, and believes they comply with applicable accounting standards and GEM listing rules[141] Future Plans and Strategies - The company plans to expand its tourism business to China and has acquired a travel agency in China as part of its diversification strategy[96] - The company aims to collaborate with more hotel operators, contingent on the pandemic control situation[96] - The company has allocated HKD 6.48 million for partnerships with more hotels, which remains unutilized as of the report date[92] - The group plans to continue exploring new hotel business opportunities under attractive conditions to capitalize on market recovery[124] - A hotel management service agreement was signed on June 17, 2021, allowing the group to exclusively control room availability and pricing at Huadu Hotel, expected to provide stable income[124] - The company plans to acquire 100% equity of Zhuhai Huanya International Travel Agency for RMB 800,000 (approximately HKD 976,000), which will become a wholly-owned subsidiary upon completion[106] Employee and Operational Metrics - Employee costs for the six-month period ending June 30, 2021, were approximately HKD 5.3 million, a decrease of about 13.1% compared to HKD 6.1 million for the same period in 2020[104] - The company has a total of 93 employees as of June 30, 2021, down from 107 employees a year earlier[104] - The average credit period granted by major suppliers is 30 days, indicating a stable supplier relationship[70] Shareholder Information - As of June 30, 2021, the chairman and CEO, Mr. Cai Weizhen, holds 900,000,000 shares, representing 75.0% of the company's equity[132] - Silver Esteem Limited, wholly owned by Mr. Cai, is the beneficial owner of the 900,000,000 shares, reinforcing his significant control over the company[135] - The company has not repurchased, sold, or redeemed any shares during the reporting period[131]
瀛海集团(08668) - 2021 Q1 - 季度财报
2021-05-10 14:28
Financial Performance - For the three months ended March 31, 2021, the group recorded unaudited revenue of approximately HKD 1.2 million, a significant decrease of approximately HKD 13.7 million or 92.0% compared to HKD 14.9 million for the same period in 2020[5] - The unaudited loss attributable to owners of the company for the three months ended March 31, 2021, was approximately HKD 4.5 million, compared to a loss of approximately HKD 5.2 million for the same period in 2020[5] - Basic and diluted loss per share for the three months ended March 31, 2021, was HKD 0.50, compared to HKD 0.58 for the same period in 2020[5] - Gross profit for the three months ended March 31, 2021, was HKD 0.22 million, down from HKD 1.68 million in the same period of 2020[8] - The total comprehensive loss for the three months ended March 31, 2021, was approximately HKD 4.5 million, compared to HKD 5.26 million for the same period in 2020[8] - The group recorded a loss before tax of HKD 4,503,000 for the three months ended March 31, 2021, compared to a loss of HKD 5,191,000 for the same period in 2020, indicating a 13.3% improvement[35] - The group recorded a loss of approximately HKD 4.5 million for the three months ended March 31, 2021, compared to a loss of about HKD 5.3 million for the same period in 2020, mainly due to reduced administrative expenses[62] Revenue Breakdown - For the three months ended March 31, 2021, the group reported total revenue of HKD 1,153,000, a decrease of 92.3% compared to HKD 14,871,000 for the same period in 2020[20] - The travel business generated revenue of HKD 894,000, down 93.3% from HKD 13,423,000 in the previous year, while the car rental business earned HKD 259,000, a decline of 82.1% from HKD 1,448,000[25] Expenses and Costs - Administrative expenses decreased to HKD 4.74 million for the three months ended March 31, 2021, from HKD 6.91 million in the same period of 2020[8] - Employee costs for the three months ended March 31, 2021, were approximately HKD 2.4 million, a decrease of about 42.9% compared to HKD 4.2 million in the same period of 2020[77] - The group incurred financing costs of HKD 154,000, significantly higher than HKD 26,000 in the same period last year[29] - Depreciation of property, plant, and equipment increased to HKD 1,184,000 from HKD 943,000 year-on-year, reflecting a 25.6% rise[30] Government Support - The group received government subsidies amounting to HKD 97,000, which was not recorded in the previous year[28] - Other income and gains increased from approximately HKD 62,000 for the three months ended March 31, 2020, to about HKD 0.1 million for the same period in 2021, mainly due to government subsidies received[43] Shareholder Information - The board of directors decided not to recommend the payment of any dividend for the three months ended March 31, 2021[6] - The group did not declare or pay any dividends for the three months ended March 31, 2021, consistent with the previous year[36] - The average number of shares used for calculating basic and diluted loss per share remained constant at 900,000 shares[35] - As of March 31, 2021, the chairman and CEO, Mr. Cai Weizhen, holds a 75% stake in the company through Silver Esteem Limited, which owns 900 million shares[102] - Silver Esteem Limited holds 900,000,000 shares, representing 75.0% of the company's ordinary shares[105] - Ms. Wong Pui Keng, as the spouse of Mr. Cai Weizhen, also holds 900,000,000 shares, equating to 75.0% ownership[106] Financial Position - As of March 31, 2021, the group's bank balance and cash were approximately HKD 47.1 million, down from HKD 66.1 million a year earlier, primarily due to acquisitions and operational cash usage[81] - The total borrowings and lease liabilities amounted to approximately HKD 13.8 million as of March 31, 2021, compared to HKD 2.8 million a year earlier[83] - The group's debt-to-equity ratio increased to approximately 20.2% as of March 31, 2021, up from 3.0% a year earlier, mainly due to increased bank borrowings[85] Strategic Plans - The company continues to focus on its core business in Macau, which includes ticket sales and hotel room distribution, as well as travel-related products and services[15] - The group plans to expand its tourism business into China to achieve business diversification and is actively seeking opportunities in the Chinese tourism market[68] - The group aims to establish agreements with more hotel operators to secure mid-range hotel rooms, thereby increasing the number of hotel rooms and expanding its hotel base to attract business travelers and high-spending customers[92] - The group anticipates that the gradual reopening of the border between China and Macau will lead to an increase in the number of Chinese tourists visiting Macau in 2021, which is expected to improve the group's business performance[93] - The group will continue to explore new hotel business opportunities under attractive conditions to capitalize on market rebound opportunities once conditions improve[93] - The group believes that sponsoring well-known concerts in Macau and China will help expand its tourism business and create synergies with its existing hotel room sales and car rental services[92] Risks and Challenges - The group faced significant risks and uncertainties due to the pandemic, which severely impacted the tourism industry in Macau, leading to potential long-term decreases in visitor numbers[71] - The group's revenue primarily comes from Macau, making it vulnerable to changes in policies and economic conditions in Macau and China[72] - The group is strategically seeking transactions and other opportunities to stabilize the impact of the pandemic on its business[71] - The group may face challenges in finding hotel operators to partner with for its expansion plans[71] - The group’s operational performance may be adversely affected if it fails to secure sufficient parking spaces at reasonable costs[75] Corporate Governance - The group is committed to maintaining high standards of corporate governance to ensure transparency and protect shareholder interests[96] - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited consolidated financial statements for the three months ended March 31, 2021[111] - The company has not disclosed any significant events after March 31, 2021, up to the report date[110] Other Information - The group did not apply any new or revised Hong Kong Financial Reporting Standards that would have a significant impact on the financial statements for the period[18] - The group has not entered into any foreign exchange contracts or financial derivatives as of March 31, 2021, indicating no exposure to foreign exchange risks[91] - No stock options were granted, agreed to be granted, exercised, cancelled, or lapsed under the stock option plan as of March 31, 2021[107] - As of March 31, 2021, the group's capital commitments for contracted but not yet recognized acquisitions of properties, plants, and equipment amounted to approximately HKD 1.9 million, compared to HKD 1.1 million as of March 31, 2020[87] - As of March 31, 2021, the group had no significant contingent liabilities, unchanged from zero as of March 31, 2020[88]