Financial Performance - For the six months ended September 30, 2021, Veeko reported a revenue of HKD 264,468,000, representing an increase of 15.4% compared to HKD 229,091,000 for the same period in 2020[4] - The gross profit for the same period was HKD 106,368,000, with a gross margin of approximately 40.1%, compared to HKD 93,521,000 in 2020[4] - The company recorded a loss before tax of HKD 21,687,000, an improvement from a loss of HKD 90,300,000 in the previous year[4] - Basic and diluted loss per share improved to HKD 0.886 from HKD 3.629 in the prior year[4] - Total comprehensive income for the period was HKD 7,760,000, compared to HKD 4,345,000 in the same period last year[4] - For the six months ended September 30, 2021, the company reported a net loss of HKD 22,320,000 compared to a net loss of HKD 91,388,000 for the same period in 2020[16] - The total comprehensive income for the period was a loss of HKD 22,320,000, which includes other comprehensive income of HKD 7,760,000[16] - The group recorded a revenue of HKD 264,468,000 for the six months ended September 30, 2021, representing a 15.4% increase compared to HKD 229,091,000 in the same period last year[58] - The group reported a loss of HKD 22,320,000, a 75.6% reduction from a loss of HKD 91,388,000 in the previous year[58] Assets and Liabilities - Non-current assets as of September 30, 2021, amounted to HKD 522,478,000, an increase from HKD 509,275,000 as of March 31, 2021[6] - Current liabilities increased to HKD 549,540,000 from HKD 558,772,000, indicating a slight improvement in the company's liquidity position[6] - The company’s net current liabilities as of September 30, 2021, were HKD 294,562,000, indicating a need for careful cash flow management[16] - The group’s current ratio was 0.46, compared to 0.54 as of March 31, 2021, indicating a decrease in liquidity[66] - The group’s total bank borrowings amounted to HKD 392,068,000, slightly up from HKD 389,494,000 as of March 31, 2021[66] Cash Flow - Cash and cash equivalents decreased by HKD 10,062,000, resulting in a balance of HKD 37,839,000 as of September 30, 2021[14] - The net cash generated from operating activities was HKD 56,166,000, while cash used in investing activities was HKD (474,000) and cash used in financing activities was HKD (65,754,000)[12] - The group’s cash and bank balances were HKD 37,839,000 at the end of the reporting period, down from HKD 47,114,000 as of March 31, 2021[66] Revenue Segmentation - Revenue from cosmetics sales was HKD 184,562,000, while revenue from women's fashion was HKD 79,906,000, totaling HKD 264,468,000 for the period[21] - The cosmetics segment generated revenue of HKD 184,562,000, up 19.2% from HKD 154,858,000, accounting for 69.8% of total revenue[60] - The fashion segment's revenue reached HKD 79,906,000, a 7.6% increase from HKD 74,233,000[61] Operational Developments - The company plans to focus on market expansion and new product development in the upcoming quarters[4] - Veeko is exploring potential mergers and acquisitions to enhance its market presence and operational capabilities[4] - The company continues to assess market conditions and operational needs to ensure ongoing financial stability[16] - The group plans to continue focusing on online and offline business growth through partnerships with major e-commerce platforms[63] Shareholder Information - As of September 30, 2021, the total number of issued ordinary shares is 1,578,566,964, representing 62.69% of the company's total issued share capital[80] - The major shareholder, Silver Crown, holds 1,393,347,737 shares, accounting for 55.34% of the issued ordinary shares[86] - No share options were granted to directors or major shareholders during the reporting period, and there were no unexercised share options[73] Governance and Compliance - The audit committee reviewed the unaudited results for the six months ending September 30, 2021, which have not been reviewed by the independent auditor[91] - The company has complied with all provisions of the Corporate Governance Code during the reporting period[89] - The company has adopted the Model Code for Securities Transactions by Directors of Listed Issuers and all directors confirmed compliance during the reporting period[90] Employee and Stakeholder Relations - The company expressed gratitude to all employees for their loyalty and contributions, as well as to shareholders, customers, suppliers, and business partners for their support[92]
威高国际(01173) - 2022 - 中期财报