江苏宏信超市连锁股份有限公司JIANGSU HORIZON CHAIN SUPERMARKET COMPANY LIMITED02625.HK
零售收入下滑，批发占比反超零售
For the same years/period, the revenue generated from our retail operations amounted to approximately RMB888.5 million, RMB787.9 million, RMB688.6 million and RMB417.8 million, representing approximately 62.0%, 59.3%, 49.1% and 41.5% of our total revenue, respectively.
Summary · 第 1 页
Such change in revenue mix was mainly attributable to the impact of COVID-19 pandemic and cessation of sales of tobacco products on our retail operations and the change in food consumption behaviour of consumer and that we gradually focused more on our wholesale operations.
Summary · 第 1 页
Our revenue generated from retail operations amounted to RMB888.5 million, RMB787.9 million, RMB688.6 million and RMB417.8 million for FY2021, FY2022, FY2023 and 9M2024, respectively, representing 62.0%, 59.3%, 49.1% and 41.5% of our total revenue, respectively.
荣利营造控股有限公司Wing Lee Development Construction Holdings Limited09639.HK
FY2022/23收益按年下跌约30.6%
Our Group’s revenue decreased by approximately 30.6% from approximately HK$520.4 million for FY2021/22 to approximately HK$361.2 million for FY2022/23, which was mainly attributable to the decrease in our service revenue derived from site formation works, from approximately HK$263.0 million for FY2021/22 to approximately HK$114.6 million for FY2022/23, caused mainly by the completion of Project No. #01 towards the end of FY2021/22 whilst Project No. #07 (with contract sum of approximately HK$577.1 million) and Project No. #08 (with contract sum of approximately HK$189.2 million) only commenced in December 2022 and July 2022, respectively.
Summary · 第 4 页
Consequently a significant portion of the revenue from these two projects had not yet been recognised in FY2022/23 but in FY2023/24.
Besides, during FY2022, COVID-19 restrictions led to reduced demand for automotive aftermarket services and new hardware in vehicles which was primarily due to reduced vehicle usage and economic uncertainties.
Summary · 第 3 页
From FY2022 to FY2023, we achieved an increase in our sales of in-vehicle hardware products from approximately RMB172.7 million to RMB226.1 million, which was driven by, among other factors, (i) the market rebound as a result of the relaxation of the travel restrictions to cope with COVID-19; and (ii) favourable policies rolled out in the PRC in FY2023, including the subsidies and incentives to boost automotive consumption.
During the Track Record Period, revenue generated from leads services was in a decreasing trend primarily attributable to: (i) shifting market dynamics, characterised by a rising penetration rate of new energy vehicles equipped with in-vehicle hardware products from the factory, resulting in a decrease in the hardware demand upon which our lead services connected to; and (ii) alterations in the SaaS subscription product portfolio, with a gradual increase in revenue derived from member benefits services.
Revenue from precision machining services decreased from approximately S$22.9 million for the year ended 31 December 2022 to approximately S$15.5 million for the year ended 31 December 2023.
Summary · 第 11 页
To the best knowledge of the Company, the postponed delivery requests in the precision machining parts and components by our customers was primarily due to their de-stocking of the then existing inventories on hand.
Summary · 第 11 页
The decrease in the gross profit margin for our precision machining services was mainly attributable to the decrease in sales for our precision machining services by approximately 32.2% while the cost of sales for our precision machining services decreased by approximately 18.2% only during the year as the cost of sales of our precision machining services comprised a portion of overhead costs such as staff costs and depreciation of property, plant and equipment and right-of-use assets which were relatively static regardless of sales performance.
Our gross profit margin decreased from 33.1% in 2021 to 26.4% in 2022 and decreased to 21.5% in 2023, which was largely affected by the progress of development and launching of our products. Our revenue in 2022 and 2023 was impacted by the COVID-19 pandemic which delayed the launch of our new flagship TicWatch product, TicWatch Pro 5, and increased the time interval between two flagship TicWatch products.
Business · 第 336 页
the decrease in revenue from our Smart Devices and Other Accessories considering most of the products sold during the first half of 2023 were old models, which entered into the later stage of product life cycle.
Summary · 第 13 页
Despite a decrease in revenue from IP rights arrangements with Automotive Sub A in between 2022 and 2023, we observed an increase in the number of enterprise customers.
Whilst the amount of advertising revenue from advertising agencies remained relatively stable for the three financial years of the Track Record Period, the proportion of their contribution to our total advertising revenue dropped from approximately 54.9% for the financial year ended 31 December 2020 to approximately 47.2% for the financial year ended 31 December 2021 and further dropped to approximately 42.5% for the financial year ended 31 December 2022.
Business · 第 145 页
The drop in the revenue from advertising agencies for the financial year ended 31 December 2022 as compared with that for the financial year ended 31 December 2021 was primarily due to the drop in advertising campaigns for the cosmetics and skin care, toiletries and household, pharmaceuticals sectors.
Business · 第 145 页
Our Directors believe this was due to the outbreak of the fifth wave of the COVID-19 pandemic in Hong Kong since January 2022 and the consequential stringent social distancing measures imposed in the first quarter of 2022 which were only relaxed from the last quarter of 2022, as these sectors were highly susceptible to the impact of these social distancing measures which led to reduced demand for such products and businesses from these sectors therefore tended to be more cautious on their advertising campaigns.