Financial Performance - YesAsia Holdings Limited reported its interim results for the six months ending June 30, 2025, in compliance with the Hong Kong Stock Exchange listing rules[2]. - Revenue for the six months ended June 30, 2025, reached $243.932 million, a 49.3% increase compared to $163.348 million in the same period of 2024[12]. - Gross profit for the same period was $73.262 million, reflecting a 46.0% increase from $50.192 million year-over-year[12]. - Operating profit increased by 31.9% to $18.679 million, up from $14.164 million in the previous year[12]. - Net profit increased by over 25% to approximately $14.08 million, up from about $11.11 million in the prior period[35]. - The company reported a total comprehensive income of $15,010 thousand for the six months ended June 30, 2025, compared to $10,922 thousand in the same period of 2024[133]. - Basic earnings per share rose to 3.43 cents, up 22.5% from 2.80 cents in the same period last year[131]. - The company reported a net profit of $14,123,000 for the six months ended June 30, 2025, compared to $11,110,000 in the prior year, reflecting a 27.0% increase[158]. Customer Growth and Market Presence - The number of customers on the YesStyle platform grew to 1,728,000, a 33.7% increase from 1,292,000 in the prior year[14]. - Revenue from beauty products surged by 57.6% to $235.342 million, compared to $149.361 million in the previous year[14]. - YesStyle's revenue surged approximately 31.7% to about $164.86 million, driven by double-digit growth in non-core markets, with core market sales remaining stable and recording a 20.0% increase[35]. - The company operates multiple online platforms, including www.yesstyle.com and www.yesasia.com, to enhance its market presence[6]. - The core markets identified by the company include the United States, the United Kingdom, Australia, and Canada, indicating a strategic focus on these regions[8]. Operational Strategy and Compliance - YesAsia Holdings Limited emphasizes the importance of compliance with sanctions and regulations in its operational strategy[8]. - The company has a dedicated audit committee to oversee financial reporting and compliance, enhancing transparency[5]. - The interim results announcement reflects the company's commitment to timely and accurate financial disclosures to its stakeholders[2]. - The group has implemented appropriate internal controls and risk management measures related to sanctions, with no transactions in fully sanctioned countries during the reporting period[124]. Investment and Capital Expenditures - The company opened a second Autonomous Mobile Robot (AMR) warehouse in Hong Kong, covering approximately 147,000 square feet, to support its e-commerce logistics network[43]. - The total investment for the new AMR warehouse was approximately $10.91 million, including capital expenditures of about $8.39 million and pre-operational expenses of about $2.52 million[43]. - Capital expenditures amounted to approximately $8,605,000, an increase of about $8,437,000 or 5,022.0%, primarily for new equipment and technology at the warehouse[75]. Stock Options and Employee Incentives - The company has a total of 39,704,030 shares held by CyberWorks Ventures Limited, which is also 9.63% of the company's issued share capital[93]. - The 2016 Share Option Scheme allows for options to be granted to employees, with a maximum exercise period of 10 years from the grant date[94]. - The total number of stock options granted but not exercised as of June 30, 2025, was 686,258, with 178,382 options exercised during the six months ending on that date[96]. - The company plans to continue utilizing stock options as a tool for talent retention and motivation[107]. - The total expense for the share-based payment plan for the six months ended June 30, 2025, was $1,966,000, compared to $106,000 in the previous period[182]. Financial Position and Liquidity - As of June 30, 2025, the group's bank and cash balance, along with unused bank financing, amounted to approximately $28.49 million, a decrease of about $11.33 million from $39.82 million as of December 31, 2024[76]. - The group's debt-to-equity ratio increased from approximately 43.0% as of December 31, 2024, to about 59.9% as of June 30, 2025, mainly due to increased bank borrowings and lease liabilities related to the establishment of the new warehouse[81]. - The group plans to meet future liquidity needs through a combination of operating cash flow and available bank financing[79]. - The unutilized bank financing as of June 30, 2025, was $13,244,000, down from $24,288,000 as of December 31, 2024[172]. Market Trends and Future Outlook - The company is positioned to leverage its online presence for growth in the beauty and lifestyle sectors, aligning with market trends[8]. - The rise of K-beauty is closely tied to the global K-Pop cultural wave, with social media marketing playing a crucial role in promoting K-beauty stories[54]. - The company is optimistic about the future prospects of YesStyle and ABW as they continue to advance their global retail and wholesale expansion[47]. Employee and Management Information - The company has a total of 577 employees as of June 30, 2025, an increase from 520 employees as of December 31, 2024[123]. - The salary and allowances for key management personnel for the six months ended June 30, 2025, amounted to $989,000, an increase from $755,000 in the previous year[184]. - The equity-settled share-based payment for key management personnel increased significantly to $1,772,000 from $13,000 in the previous period[184].
喆丽控股(02209) - 2025 - 中期业绩