Financial Performance - For the six months ended December 31, 2018, Luxey International reported a revenue of HKD 61,963,000, a decrease of 17.5% compared to HKD 75,401,000 for the same period in 2017[5]. - The gross loss for the six months ended December 31, 2018, was HKD 13,438,000, compared to a gross loss of HKD 11,841,000 for the same period in 2017, indicating a worsening performance[5]. - The net loss for the six months ended December 31, 2018, was HKD 18,938,000, an improvement from a net loss of HKD 20,730,000 in the same period of 2017, reflecting a 8.7% reduction in losses[5]. - The total comprehensive loss for the six months ended December 31, 2018, was HKD 18,929,000, compared to HKD 20,711,000 for the same period in 2017, showing a decrease of 8.6%[7]. - The basic loss per share for the six months ended December 31, 2018, was HKD 0.22, an improvement from HKD 0.245 for the same period in 2017[5]. - The company reported a loss attributable to owners of approximately HKD 15,105,000 for the six months ended December 31, 2018, an increase of about 6% compared to HKD 14,255,000 for the same period in 2017[55]. - The total revenue for the period was approximately HKD 61,963,000, representing a 19% increase from HKD 52,172,000 in the same period of 2017[55]. Assets and Liabilities - As of December 31, 2018, total assets amounted to HKD 114,484,000, a slight decrease from HKD 117,765,000 as of June 30, 2018[9]. - The company's net asset value decreased to HKD 63,987,000 as of December 31, 2018, down from HKD 82,916,000 as of June 30, 2018, representing a decline of 22.9%[9]. - The total assets for the company as of December 31, 2018, amounted to HKD 120,879 thousand, with total liabilities of HKD 52,889 thousand[20]. - The total assets of the group as of December 31, 2018, were HKD 128,328,000, a decrease from HKD 134,785,000 as of June 30, 2018[22]. - The total liabilities increased to HKD 64,341,000 as of December 31, 2018, compared to HKD 51,869,000 as of June 30, 2018, reflecting a rise of 24%[22]. Cash Flow and Financing - The company reported a net cash outflow from operating activities of HKD (13,790) thousand for the six months ended December 31, 2018, compared to HKD (27,179) thousand for the same period in 2017[12]. - The company had a cash and cash equivalents balance of HKD 43,023 thousand at the end of the reporting period, down from HKD 119,027 thousand at the end of the previous year[12]. - The company incurred administrative expenses of HKD (5,956) thousand during the reporting period, compared to HKD (3,565) thousand in the previous year[21]. - The company reported a decrease in cash flow from investing activities, with a net cash outflow of HKD (1,049) thousand for the six months ended December 31, 2018[12]. - The company’s financing activities generated no cash inflow during the reporting period, contrasting with HKD 69,890 thousand in the previous year[12]. Segment Performance - Revenue from external customers for the swimwear and apparel segment was HKD 11,912 thousand, while the online shopping segment generated HKD 49,935 thousand, totaling HKD 61,963 thousand for the six months ended December 31, 2018[20]. - The company experienced a total segment loss of HKD (16,667) thousand for the six months ended December 31, 2018, compared to a loss of HKD (17,624) thousand for the same period in 2017[21]. - The swimwear and apparel segment generated revenue of approximately HKD 11,912,000, a decrease of about 39% from HKD 19,542,000 in the same period of 2017, with a gross loss of HKD 15,750,000 and a gross loss margin of 132%[57]. - The trade and online shopping segment, which started in June 2017, generated revenue of approximately HKD 49,935,000, an increase of about 53% from HKD 32,506,000 in the same period of 2017, with a gross profit of HKD 2,196,000 and a gross profit margin of 4%[58]. - The lending segment generated revenue of approximately HKD 116,000, maintaining a gross profit margin of 100%[59]. Share Capital and Ownership - The issued and paid-up capital includes 6,828,772,313 ordinary shares and 1,083,333,333 convertible non-voting preference shares as of December 31, 2018[43]. - Big Good Management Limited holds 1,350,533,845 shares, representing 19.78% of the issued share capital[74]. - Wide Select Investments Limited holds 916,420,000 shares, representing 13.42% of the issued share capital[74]. - Big Good holds 2,417,699,999 shares, representing 35.40% of the issued share capital[78]. - The company did not repurchase any shares during the reporting period[82]. Corporate Governance - The company has established an audit committee consisting of three independent non-executive directors[84]. - The audit committee reviewed the unaudited performance of the group for the six months ending December 31, 2018[84]. - There were no competitive interests or potential conflicts of interest reported by directors or major shareholders as of December 31, 2018[83]. - The company has adhered to the corporate governance code as per GEM listing rules, except for specific provisions A.2.1 and A.4.1[85]. - The roles of Chairman and CEO are currently held by the same individual, Mr. Liu, which the board believes is in the best interest of the company for executing business strategies effectively[85]. Compliance and Conduct - Independent non-executive directors are not appointed for a specific term but must retire and seek re-election at the annual general meeting, ensuring compliance with governance standards[86]. - The company has adopted a code of conduct for directors regarding securities trading, which meets or exceeds the standards set by GEM listing rules[87]. - All directors have complied with the trading standards and the company's adopted code of conduct during the six months ending December 31, 2018[87]. - There are no known incidents of employees violating the code of conduct regarding securities trading[88].
荟萃国际(控股)(08041) - 2019 - 中期财报