Company Overview - Wan Leader International Limited is incorporated in the Cayman Islands and listed on the GEM of the Hong Kong Stock Exchange under stock code 8482[1][5]. - The company has a registered office in the Cayman Islands and a principal place of business in Hong Kong, indicating its operational footprint[18]. - The company is primarily engaged in freight forwarding and related logistics services, as well as entrusted management services for an online e-commerce platform[35]. - The company was incorporated in the Cayman Islands and listed on the GEM of The Stock Exchange of Hong Kong Limited on September 5, 2018[34]. Financial Performance - Revenue for the nine months ended 31 December 2021 was HK$548,186,000, an increase of 127.6% compared to HK$241,504,000 for the same period in 2020[23]. - Gross profit for the nine months ended 31 December 2021 was HK$42,049,000, representing a 96.5% increase from HK$21,405,000 in the previous year[23]. - Profit before taxation for the nine months ended 31 December 2021 was HK$19,280,000, compared to HK$1,443,000 for the same period in 2020, indicating a significant improvement[23]. - Profit for the period from continuing operations was HK$15,931,000 for the nine months ended 31 December 2021, up from HK$1,420,000 in the previous year[23]. - Total comprehensive income for the period attributable to owners of the Company was HK$15,559,000, compared to HK$5,250,000 for the same period in 2020[24]. - Basic and diluted earnings per share from continuing operations for the nine months ended 31 December 2021 was 1.90 HK cents, compared to 0.22 HK cents in the previous year[26]. - The profit for the period was HK$15,940,000, a substantial increase from a profit of HK$4,771,000 in the previous period[28]. - As of December 31, 2021, the accumulated losses stood at HK$5,204,000, improved from HK$20,946,000 as of April 1, 2021[28]. - The total equity attributable to owners of the company reached HK$68,053,000 as of December 31, 2021, compared to HK$52,436,000 at the beginning of the period[28]. Revenue Breakdown - Revenue from freight forwarding and related logistics services was HK$545,639,000, up from HK$241,504,000 in the previous year, indicating a growth of about 126.3%[55]. - The geographical revenue breakdown shows that HK$533,572,000 was generated from Hong Kong, while HK$2,552,000 came from the People's Republic of China and Taiwan combined[58]. - Revenue from entrusted management services for operating an online e-commerce platform was HK$2,547,000 for the nine months ended December 31, 2021, compared to HK$0 in the same period of 2020[55]. Expenses and Costs - Administrative expenses decreased to HK$15,578,000 for the nine months ended 31 December 2021, down from HK$17,233,000 in the previous year[23]. - The group incurred an exchange loss of HK$384,000 for the nine months ended December 31, 2021, down from HK$944,000 in 2020, indicating improved currency management[72]. - The total finance costs for the nine months ended 31 December 2021 were HK$243,000, a decrease from HK$72,000 in the same period of 2020[78]. - Service costs increased by approximately 129.9% from HK$220.1 million to HK$506.1 million, primarily due to rising procurement costs for air freight capacity and increased unit costs for maritime agency services[114]. Corporate Governance - The company has undergone changes in its board of directors, with several resignations and new appointments in 2021, impacting governance and oversight[10][11]. - The audit committee has seen changes in its composition, with new members appointed to ensure compliance and financial integrity[14]. - The company is committed to enhancing corporate governance standards to meet increasing regulatory requirements and shareholder expectations[143]. - The substantial shareholders' interests in the company's shares were disclosed as required under the Securities and Futures Ordinance[163]. Future Outlook - The Group anticipates continued growth in air freight forwarding and related logistics services, driven by consolidation and co-loading of air cargo space[91]. - The management is cautiously optimistic about the future freight forwarding market in Hong Kong, expecting demand for air cargo services to increase as the global economy recovers post-pandemic[92]. - The Group plans to expand existing cargo arrangements by entering into more block space agreements to secure cargo space in a more cost-efficient manner[96]. Shareholder Information - As of December 31, 2021, Mr. Liao Daichun holds 182,690,000 shares, representing approximately 21.75% of the company's issued share capital[154]. - Mr. Thomas Loy has an interest in a controlled corporation holding 126,652,000 shares, which is about 15.08% of the company's issued share capital[154]. - The company has not purchased, sold, or redeemed any of its listed securities during the review period[150]. - No interim dividend was recommended for the review period[131].
万励达(08482) - 2022 Q3 - 季度财报