Revenue Growth - Revenue for the six months ended June 30, 2021, increased by 28.3% to approximately $88.4 million compared to $68.9 million for the same period in 2020[10]. - E-commerce revenue continued to grow by approximately 36.0% during the same period[9]. - YesStyle's revenue increased by approximately 36.3% to about $81.1 million for the six months ended June 30, 2021, compared to approximately $59.5 million in the same period of 2020, primarily due to an increase in customer numbers[21]. - Revenue from fashion and lifestyle products reached $42.0 million, while beauty products generated $42.6 million[13]. - Revenue from AsianBeautyWholesale increased by approximately 46.7% to about $3.5 million for the six months ended June 30, 2021, compared to approximately $2.4 million in the same period of 2020[22]. - YesAsia platform's revenue increased by approximately 20.2% to about $3.0 million for the six months ended June 30, 2021, driven by the sales of new entertainment products[25]. - Revenue from the United States was $38,443 thousand, a 49.7% increase from $25,659 thousand in 2020[157]. Customer Metrics - Active customers on all e-commerce platforms increased to approximately 1.0 million, up from 0.7 million in the previous year[13]. - The number of influencers on the YesStyle platform increased by approximately 71,000, contributing to a 109.1% year-over-year growth in revenue from influencers[9]. - The number of influencers reached approximately 161,000 by June 30, 2021, an increase of about 71,000 or 78.9% from the beginning of the reporting period[21]. - The average order value increased to $74.4 from $72.2 in the previous year[13]. - The average order value increased to approximately $74.4 for the reporting period[31]. Profitability and Expenses - Gross profit margin improved by 1.4 percentage points to 34.9%[10]. - Gross profit increased by approximately 33.4% to about $30.8 million for the six months ended June 30, 2021, compared to approximately $23.1 million in the same period of 2020[37]. - Net profit decreased by 77.7% from approximately $2,306,000 in 2020 to approximately $515,000 in 2021, primarily due to increased marketing expenses and one-off listing costs[50]. - Selling expenses rose by approximately 56.8% to $13,315,000 in 2021 from $8,492,000 in 2020, driven by increased marketing and promotional costs[43]. - Administrative expenses increased by approximately 38.1% to $16,600,000 in 2021 from $12,100,000 in 2020, mainly due to one-off listing expenses and increased employee costs[45]. - The company reported a pre-tax consolidated profit of $993 thousand for the six months ended June 30, 2021, down from $2,990 thousand in the same period of 2020, reflecting a decrease of 66.8%[154]. Cash Flow and Financial Position - Cash and cash equivalents decreased to approximately $22,800,000 as of June 30, 2021, down from $28,500,000 at the end of 2020, primarily due to net cash outflows from operating activities[58]. - Net cash used in operating activities for the six months ended June 30, 2021, was $(3,988,000), a significant decline from $6,361,000 in the same period of 2020[131]. - The company raised $1,419,000 from issuing shares during the six months ended June 30, 2021, compared to $462,000 in the same period of 2020, indicating a significant increase of approximately 206.5%[131]. - The company's equity increased to approximately $24.93 million as of June 30, 2021, compared to $22.45 million at the end of 2020[125]. - The company’s total equity as of June 30, 2021, was $24,926,000, compared to $15,773,000 as of June 30, 2020, reflecting an increase of approximately 58.0%[128]. Dividends and Shareholder Information - The company approved an interim dividend of HKD 0.05 per share, totaling approximately $2.6 million, to be paid to shareholders listed on the register as of September 27, 2021[72]. - The company declared an interim dividend of HKD 0.05 per share for the six months ended June 30, 2021, compared to no dividend in the same period of 2020[166]. - PCCW e-Ventures Limited holds a beneficial interest of 39,704,030 shares, representing approximately 10.03% of the company's issued share capital[81]. - Pacven Walden Management II, L.P. has a controlled interest in 32,458,590 shares, accounting for 8.20% of the total issued shares[82]. - Stonepath Group, Inc. directly holds 26,000,000 shares, which is 6.57% of the company's issued share capital[82]. Corporate Governance and Compliance - The audit committee, consisting of one non-executive director and three independent non-executive directors, is responsible for reviewing and supervising the financial reporting process and internal control systems[108]. - The company has complied with the corporate governance code since the date of listing and will review its corporate governance policies annually[111]. - The company has adopted the standard code of conduct for securities transactions by directors as per the listing rules, which has been confirmed by all directors since the listing date[112]. Capital Expenditures and Investments - Capital expenditure for logistics and IT enhancements amounted to approximately $1.1 million during the reporting period[19]. - The company has no significant investments during the reporting period[66]. - The company had no major acquisitions or disposals of subsidiaries or associated companies during the six months ended June 30, 2021[67]. Employee and Staffing - The company employed 637 staff as of June 30, 2021, an increase from 505 staff as of June 30, 2020[75]. - Employee benefit expenses of $12,133,000, an increase of 27.7% from $9,481,000 in the same period last year[165]. Risk Management and Liabilities - The company has implemented appropriate internal controls and risk management measures related to sanctions, with no transactions conducted with sanctioned countries or individuals during the reporting period[113]. - The contingent liabilities related to guarantees issued to payment platform companies and suppliers amounted to approximately $26,000 as of June 30, 2021, down from $80,000 for the six months ended June 30, 2020[63].
喆丽控股(02209) - 2021 - 中期财报