In addition, our net interest income was HK$267.7 million, HK$234.1 million, HK$211.0 million and HK$95.0 million in 2020, 2021 and 2022 and May 31, 2023, respectively.
Summary · 第 1 页
Our profitability (i.e. net interest margin) was also adversely affected by the decrease in average effective interest rate of our loans, and the increase in effective interest rate of our borrowings.
Summary · 第 2 页
Our profit and total comprehensive income decreased from HK$91.0 million in 2020 to HK$77.1 million in 2021 as a result of the decrease in interest income because as compared to the pre-COVID period (i.e. before the Track Record Period commenced), we were (i) more conservative in granting loans, and (ii) there was an increase in early redemption by our borrowers in 2020 which reduced our interest income and thus, affected our profit in subsequent years.
Our net profit decreased from approximately RMB24.3 million for FY2020 to approximately RMB18.5 million for FY2021, mainly attributable to increase in administrative expenses and selling and marketing expenses.
Summary · 第 13 页
We recorded a decrease in gross profit margin of branding services from approximately 53.8% for 4M2022 to approximately 46.8% for 4M2023.
Summary · 第 5 页
Such decrease was mainly due to that we offered relatively competitive prices to (i) certain new customers in order to increase our competitiveness and expand our customer base; and (ii) certain recurring customers in view of their long-term business relationship with our Group.
Our income tax expenses decreased from RMB4.3 million in 2021 to RMB20 thousand in 2022, mainly due to the preferential tax treatment we received and a decrease in our profit before income tax resulting from the negative impact of the COVID-19 recurrence in 2022.
Financial Information · 第 330 页
The decreases in income tax expenses were mainly attributable to (i) a decrease in our profit before tax and (ii) an increase in the proportion of profit generated by our subsidiaries with lower tax rates.
洲际船务集团控股有限公司Seacon Shipping Group Holdings Limited02409.HK
2020年净利润下滑约91.4%
Our net profit decreased from approximately USD8.4 million for the year ended December 31, 2019 to approximately USD0.7 million for the year ended December 31, 2020, representing a decrease of approximately 91.4%.
Summary · 第 8 页
Our net profit increased from approximately USD0.7 million for the year ended December 31, 2020 to approximately USD40.0 million for the year ended December 31, 2021, representing an increase of approximately 5,425.6%.
Our adjusted net profit (non-IFRS measure) in the nine months ended September 30, 2022 decreased in comparison with the nine months ended September 30, 2021, for reasons similar to those for the decrease of our net profit in the nine months ended September 30, 2022 in comparison to our net profit in the nine months ended September 30, 2021, including, in particular, the resurgence of the COVID-19 pandemic in certain regions in China in 2022 which had an adverse impact on the business activities and the demand for digital freight services of some of the shippers.
Summary · 第 16 页
According to CIC, the monthly average Composite Purchasing Managers’ Index ("Composite PMI") in China from January 2022 to September 2022 dropped to 50.1 from the monthly average of 52.6 from January 2021 to September 2021 and freight volume for the road freight transportation industry experienced a year-over-year decrease of 4.4% across China during the nine months ended September 30, 2022.