Youth Entrepreneurship and Incubation - The Guangdong-Hong Kong-Macao Youth Entrepreneurship Incubator has conducted a total of 318 exchange activities over the past five years, attracting more than 44 million participants both on-site and online[14]. - The incubator has established cooperation with 36 international and Hong Kong-Macao platforms, enhancing the industry-university-research funding system[13]. - The Hong Kong-Guangdong-Macao Youth Entrepreneurship Incubator has secured a combined incubator space exceeding 200,000 square feet, facilitating various services for hundreds of incubated enterprises[54]. - The Group has engaged in deep collaboration with the Guangzhou incubator, providing capital investment and various support services to incubated enterprises[54]. E-Commerce and Digital Transformation - HongKong Mall was awarded the "Outstanding ECommerce Platform of the Year of 2022" and served as the designated online sales livestreaming platform for the "International Beauty, Education, Wellness Expo 2022"[17]. - The digital transformation initiatives have led to the development of a global cross-border eCommerce platform, HongKong Mall[48]. - The Group's global expansion strategy is now focused on digitalization, with eCommerce performance becoming a crucial component of its strategic transformation[53]. - The Group aims to enhance operational efficiency and reduce costs through digital transformation and paperless transactions[147]. - HKMALL has expanded its functionality to provide a one-stop service for SMEs, allowing them to quickly digitize their traditional businesses[146]. - The Group's strategic focus is on leveraging technology to accelerate consumption and create an innovative business ecosystem[144]. Business Performance and Financials - The Group's overall turnover decreased by approximately 41.4% in the first half of 2023, while gross margins improved to 32.7% compared to 20.3% in 2022[153]. - The Group achieved a profit of approximately HK$48.7 million in the first half of 2023, down from approximately HK$252.5 million in 2022[153]. - As of June 30, 2023, the Group's cash and bank deposits amounted to approximately HK$18.4 million, an increase from approximately HK$17.9 million as of December 31, 2022[159]. - Net current liabilities decreased from approximately HK$169.7 million as of December 31, 2022, to approximately HK$116.2 million as of June 30, 2023[159]. - The Group's net debt ratio improved to approximately 0.66 as of June 30, 2023, down from approximately 0.89 as of December 31, 2022[165]. Awards and Recognition - Bonjour Technology received the "Best Retail Innovation Prize" from the Hong Kong Retail Technology Industry Association[10]. - The company has received the "2022 Quality Tourism Service Award (Bronze)" and "Outstanding Quality Business Award" from the Hong Kong Tourism Board[42]. - The Group was awarded "The ESG Rising Star Gold Award" and "Outstanding ESG Company Silver Award" in Environmental, Social Responsibility, and Corporate Governance[72]. - The Group's digital transformation efforts were recognized with the "Outstanding Listed Companies Award 2021" from the Hong Kong Institute of Financial Analysts and Professional Commentators[95]. Strategic Partnerships and Collaborations - HongKong Mall signed a cooperation agreement with the Harbin Women Entrepreneurs Association to promote collaboration among enterprises[18]. - A strategic cooperation agreement was signed with Huawei International to develop innovative applications of new retail technology services[71]. - The Group signed a cooperation memorandum with China Resources Capital Management and Loving Home Foundation to establish a strategic partnership focused on social responsibility in Hong Kong[120]. - Bonjour Technology signed a strategic cooperation agreement with China Resources Capital Investment Management to promote the upgrading of Hong Kong's traditional industries[94]. Community Engagement and Corporate Social Responsibility - The Group has supplied over 20 million face masks at affordable prices since the outbreak of the pandemic, gaining media coverage from over 17 outlets and being recognized as one of the listed companies fulfilling CSR in Hong Kong[66]. - The Group donated 100 sets of smart building blocks to the Tsuen Wan and Kwai Tsing District Principals Association[104]. - The Group sponsored cash coupons worth HKD500,000 for the "Yau Tsim Mong Shopping Festival" to support small vendors in transforming to smart retail[73]. Product and Service Offerings - HongKong Mall has over 200,000 SKUs available, including skincare products, cosmetics, electronic products, food, and health supplements[24]. - The platform has exceeded 1 million members, with an average purchase amount of approximately HK$300 to HK$400 per consumer[24]. - The Group provides over 100,000 stock-keeping units and distributes more than 100 well-known brands, including exclusive distribution of brands like Suisse Reborn and Dr. Bauer[129]. - Bonjour Technology aims to promote digital transformation and industrial innovation, helping enterprises reduce costs and improve efficiency through various digital solutions[109]. Innovation and Technology Development - Bonjour Technology has developed a comprehensive catering management system that integrates various operational systems, including online procurement and reservation systems, to support the catering industry[5]. - The "AIO System" has been developed to empower traditional businesses with digital intelligence, marking a shift from being solely a beauty retail company[53]. - The Group's proactive and innovative approach has led to recognition as a model in the retail technology sector in Hong Kong, winning the "Best Retail Innovation – Technology Application Prize"[72]. - Bonjour Technology won the "Outstanding All-round Smart Retail Application Solutions" award at the "Smart Living Partnership Awards 2021" for its innovations in digital new retail applications[96]. Market Trends and Future Outlook - The pandemic-related border closures prompted the Group to innovate and explore new sustainable tracks for future growth[52]. - The focus on "technology + consumption" is seen as a new race track for the future of traditional service industries in Hong Kong[52]. - The Group is actively seeking sustainable and environmentally friendly products to meet changing consumer demands[143]. - The Group is committed to providing SMEs with high-quality eCommerce services and intelligent retail solutions to facilitate their digital transformation[126].
卓悦控股(00653) - 2023 - 中期财报