Revenue Growth - The group's revenue increased from approximately RMB 209.8 million to approximately RMB 218.6 million, representing an increase of about RMB 8.8 million or 4.2%[8]. - The significant revenue growth was primarily driven by the e-commerce operations, which contributed an increase of approximately RMB 22.9 million compared to the previous fiscal year[8]. - Total revenue for the company reached approximately RMB 218.6 million for the year ending June 30, 2024, compared to RMB 209.8 million in the previous year, marking an increase of approximately 4.2%[45]. - The company's e-commerce operations generated revenue of approximately RMB 152.2 million for the year ending June 30, 2024, an increase from RMB 129.4 million in the previous year, reflecting a growth of about 17.6%[45]. E-commerce Operations - The company is focusing on optimizing its customer system, sales channels, and operational teams within the e-commerce business, particularly targeting the domestic small home appliance market[9]. - The sales channels are primarily concentrated on the JD.com platform, enhancing the group's channel operation advantages[9]. - The company emphasizes the importance of brand e-commerce operation services, which include market analysis, marketing promotion, and consumer management[27]. - The e-commerce service market is expected to grow as online sales channels become increasingly important, creating a dynamic ecosystem among brands, e-commerce platforms, and consumers[27]. - The e-commerce segment is expected to continue growing as market share increases, focusing on well-known domestic small appliance brands[94]. Financial Performance - The company reported a total comprehensive loss attributable to owners of approximately RMB 25.1 million for the year ending June 30, 2024, an increase from RMB 20.1 million in the previous year, indicating a rise in losses of about 24.9%[45]. - Revenue from the NSC segment for the year ended June 30, 2024, was approximately RMB 664 million, a decrease of 17.5% from RMB 805 million in the previous year, accounting for about 30.4% of total revenue[46]. - Revenue from the EC segment increased by approximately 17.7% to RMB 1,522 million for the year ended June 30, 2024, compared to RMB 1,294 million in the previous year, representing 69.6% of total revenue[48]. - Gross profit increased by approximately RMB 20.9 million or 38.6% to about RMB 750 million, with a gross margin rising from 25.8% to 34.3%[51]. - Selling and administrative expenses rose by approximately RMB 17.4 million or 39.8% to about RMB 609 million, mainly due to operational expansion in the EC segment[54]. Market Trends - The Chinese brand e-commerce service market reached a scale of RMB 407.71 billion in 2023, with a year-on-year growth of 11.3%, and is projected to reach RMB 586.23 billion by 2028[30]. - In 2023, the national online retail sales reached RMB 15.4 trillion, growing by 11% year-on-year, with physical goods online retail sales accounting for 27.6% of total social retail sales, up from 27.2% in 2022[35]. - The cross-border e-commerce import and export total reached RMB 2.38 trillion in 2023, a growth of 15.6% compared to 2022, with exports at RMB 1.83 trillion, increasing by 19.6%[39]. - The live e-commerce market in China reached RMB 4.9 trillion in 2023, with a year-on-year growth of 35.2%[41]. - The social e-commerce market size reached RMB 2.76 trillion in 2022, growing by 9.17% year-on-year[41]. Strategic Focus - The company aims to strategically focus on the healthcare sector, leveraging exclusive distribution rights and expertise to provide integrated and innovative solutions[10]. - The company adopted a "prudent" strategy to stabilize its existing customer base while exploring new business opportunities amid a challenging economic environment[8]. - The company plans to enhance its operational capabilities and efficiency through team integration and optimization of its operational structure[42]. - The company is optimistic about the growth of its e-commerce operations as the world gradually recovers from the pandemic, supported by a solid operational foundation[42]. Sustainability and ESG - ISP Global Limited is committed to sustainable and responsible business practices, integrating environmental, social, and governance (ESG) considerations into decision-making processes[96]. - The company aims to reduce its carbon footprint and maintain high standards of sustainable operations, actively seeking opportunities to minimize resource consumption across the value chain[96]. - The total greenhouse gas emissions for the fiscal year 2023/2024 amounted to 173.41 tons, a significant increase from 110.65 tons in the previous year, representing a 56.6% rise[108]. - The company aims to reduce greenhouse gas emissions density by 3% over the next five years, targeting a reduction per RMB 1 million in annual revenue[106]. - The company has implemented comprehensive environmental compliance policies to optimize resource utilization and minimize emissions[104]. Governance and Management - The board of directors consists of nine members, including both executive and independent non-executive directors, ensuring balanced governance[167]. - The company has established three board committees: the audit committee, the remuneration committee, and the nomination committee, to oversee specific matters[173]. - The independent non-executive directors confirmed their independence annually, in line with GEM listing rules[170]. - The company has adopted corporate governance practices in line with GEM listing rules, enhancing accountability and transparency[163]. - The board is responsible for establishing, maintaining, and reviewing the group's risk management and internal control systems[188]. Employee Management - The employee turnover rate for the company was approximately 38% as of June 30, 2024, with 52 employees leaving during the year[133]. - The percentage of trained employees in the 2023/2024 fiscal year was 10%, with 78% of male employees and 23% of female employees receiving training[138]. - The company has achieved BizSafe Level 3 certification, demonstrating its commitment to workplace health and safety[135]. - The company provides comprehensive training programs covering various areas, including onboarding, safety management, and on-the-job training[137]. - The company strictly prohibits the use of child labor and forced labor across all positions, ensuring compliance with various labor laws in Singapore, Hong Kong, Malaysia, and China[140].
ISP GLOBAL(08487) - 2024 - 年度财报