Financial Performance - The total revenue for the year ended June 30, 2024, was approximately HKD 58,541,000, a decrease of about 18.6% compared to HKD 71,914,000 for the year ended June 30, 2023[3]. - The gross profit for the year ended June 30, 2024, was approximately HKD 14,922,000, slightly up from HKD 14,853,000 in the previous year[4]. - The company reported a loss attributable to owners of approximately HKD 1,196,000, equating to a basic loss per share of HKD 0.15[4]. - The company did not recommend any dividend payment for the year ended June 30, 2024[3]. - Other comprehensive loss for the year was HKD 293,000, compared to a gain of HKD 1,424,000 in the previous year[5]. - The company reported a pre-tax consolidated loss of HKD 1,246,000 for the year ended June 30, 2024, compared to a loss of HKD 1,663,000 for the previous year[15]. - The company reported a loss attributable to owners of approximately HKD 1,196,000 for the year ended June 30, 2024, a decrease from a loss of HKD 1,482,000 for the year ended June 30, 2023[31]. - Total revenue for the year was approximately HKD 58,541,000, down from HKD 71,914,000 in the previous year, while gross profit increased to HKD 14,922,000 from HKD 14,853,000[32]. Segment Performance - Revenue from external customers for the swimwear and apparel segment was HKD 32,312,000, while e-commerce and online shopping generated HKD 25,092,000, and lending contributed HKD 1,137,000, totaling HKD 58,541,000 for the year ended June 30, 2024[14]. - The segment profit for swimwear and apparel was HKD 4,178,000, while e-commerce and online shopping reported a loss of HKD 1,703,000, and lending generated a profit of HKD 245,000, resulting in an overall segment profit of HKD 2,720,000[14]. - The swimwear and apparel segment generated revenue of approximately HKD 32,312,000, down from HKD 39,812,000, but gross profit increased to HKD 12,992,000 with a gross margin of 40.20%[32]. - The e-commerce and online shopping segment reported revenue of approximately HKD 25,092,000, down from HKD 30,822,000, with a gross profit of HKD 793,000 and a gross margin of 3.16%[33]. - The lending segment generated revenue and gross profit of approximately HKD 1,137,000, consistent with the previous year[34]. Assets and Liabilities - The company had cash and bank balances of approximately HKD 17,038,000 as of June 30, 2024, with no short-term or long-term borrowings[3]. - The total non-current assets decreased to HKD 1,609,000 from HKD 3,379,000 in the previous year[6]. - Trade and other receivables decreased to HKD 29,052,000 from HKD 32,789,000 year-on-year[6]. - The total current liabilities were HKD 29,600,000, slightly down from HKD 30,952,000 in the previous year[6]. - Total assets for the reporting segments amounted to HKD 59,124,000 as of June 30, 2024, compared to HKD 62,085,000 for the previous year[15]. - Total liabilities for the reporting segments were HKD 27,778,000 as of June 30, 2024, down from HKD 29,497,000 in the previous year[15]. - The company’s total assets as of June 30, 2023, were HKD 64,499,000, with total liabilities amounting to HKD 31,716,000[15]. - As of June 30, 2024, total assets were approximately HKD 60,827,000, down from HKD 64,499,000, while cash and bank balances increased to HKD 17,038,000 from HKD 13,239,000[36]. Accounting Standards and Compliance - The company has applied new Hong Kong Financial Reporting Standards for the first time during the year, which may impact future financial reporting[9]. - The company did not experience significant impacts on its financial position or performance due to the application of new accounting standards and amendments during the year[10]. - The company expects that the application of all newly issued Hong Kong Financial Reporting Standards and their amendments will not have a significant impact on financial performance and position in the foreseeable future[12]. - The preliminary financial results have been reviewed by the auditor, confirming consistency with the draft financial statements[52]. Risks and Governance - The company identified reliance on a few major suppliers, which accounted for 88% of total procurement, as a significant risk[37]. - The top five customers contributed to 77% of total revenue, down from 90% in the previous year, indicating a potential risk in customer dependency[38]. - The company did not engage in any foreign exchange hedging activities during the year, exposing it to currency risk from transactions denominated in HKD, RMB, and USD[39]. - The company has not undertaken any hedging measures due to the absence of significant foreign exchange or interest rate fluctuation risks[41]. - The company remains committed to high standards of corporate governance, adhering to the GEM Listing Rules[49]. Employee and Operational Insights - The company has 95 full-time employees as of June 30, 2024, up from 88 in the previous fiscal year, with employee benefits expenses amounting to approximately HKD 13,367,000, down from HKD 14,648,000 in 2023[43]. - The company anticipates stable performance in its swimwear and apparel segment while continuing cost-cutting measures to seize market recovery opportunities[46]. - The company will maintain and develop its lending business, allocating sufficient resources to meet business demands[46]. - The maximum credit period granted to customers is 180 days, determined based on individual customer financial strength[42]. - The company has not purchased, sold, or redeemed any of its listed securities during the year[46]. - There are no significant contingent liabilities or asset pledges as of June 30, 2024, consistent with the previous year[44][45].
荟萃国际(控股)(08041) - 2024 - 年度业绩