Our revenue for the year ended 31 December 2022 decreased by approximately 2.5%, as compared to the year ended 31 December 2021, primarily due to the regional outbreaks of COVID-19 variants in the PRC in 2022, our revenue from sales of automobile under finance lease and e-hailing operating lease business declined in certain regions in 2022.
Summary · 第 8 页
During the Track Record Period, the number of e-hailing vehicles switched from operating lease to finance lease was five units, nil, 1,121 units and 483 units, respectively.
Business · 第 196 页
For example, our gross profit margin decreased from 40.5% for the year ended 31 December 2020 to 30.9% for the year ended 31 December 2021, which was mainly attributable to the significant increase in the revenue from sales of automobile under finance lease from RMB362.9 million for the year ended 31 December 2020 to RMB777.9 million for the year ended 31 December 2021, the contribution of which to our total revenue increased from 48.4% for the year ended 31 December 2020 to 66.4% for the year ended 31 December 2021.
Our revenue decreased from RMB2,676.2 million in 2021 to RMB2,519.2 million in 2022 primarily due to a decrease in revenue from our mobile device distribution services under our others segment, which was in turn mainly because downstream mobile device retail market and demand for our mobile device distribution services were negatively affected by weak macro-economic conditions and consumer demand in 2022.
Summary · 第 4 页
Such increase was partially offset by a decrease in revenue from advertising and system support services, which was primarily attributable to the decrease in service fees from Alipay China for the advertising and promotion of its payment service products as the number of POSs opened during the six months ended June 30, 2023 was relatively lower as compared to the same period in 2022 and demand for our digital advertising services from advertisers has not fully recovered despite the relaxation of COVID-19 policies.
Summary · 第 4 页
Our gross profit margin decreased from 44.6% for the six months ended June 30, 2022 to 41.3% for the six months ended June 30, 2023, primarily due to a decrease in revenue contribution from advertising and system support services which typically records higher gross profit margin than other business segments and an increase in revenue contribution from merchandise wholesale and mobile device distribution services which typically record lower gross profit margin than other business segments.
Our overall revenue decreased slightly from RMB2,159.6 million to RMB2,078.2 million, primarily because the sales of hotpot products were higher in the first four months of 2022, which was partially attributable to that people dined out more frequently after the pandemic subsided.
Summary · 第 12 页
Such slight decrease in revenue was offset by the improved gross profit margin.
In particular, our gross profit margin decreased slightly from 11.1% in 2020 to 9.0% in 2021, mainly attributable to the increased spending on enhanced promotional efforts to improve our brand influence, so as to support our rapid store network expansion.
Summary · 第 11 页
Subsequently, our gross profit margin improved from 9.0% in 2021 to 17.4% in 2022, mainly attributable to (i) products of higher margin, such as black beef tripe and thinly sliced lamb for hotpot and pork belly and skewers for barbecue; (ii) improved procurement cost-effectiveness of raw materials and food products due to economies of scale and brand awareness (for instance, the procured volume of beef products increased from approximately 9,800 tons in 2021 and further to 17,000 tons in 2022); and (iii) improved manufacturing costs due to the acquisition of our self-operated production facilities.
For our continuing operations, we recorded total revenue and net investment gains or losses of RMB1,195.2 million in 2020, RMB495.2 million in 2021 and RMB423.2 million in 2022.
Summary · 第 3 页
For example, while we achieved strong performance in most periods since 2015, our revenue and income experienced significant fluctuations in 2018, 2022 and 2023, primarily due to the general market conditions.
Summary · 第 5 页
As a result, our investment performance for a particular period may be significantly affected by short-term market volatility.
Our revenue decreased by 14.0% from RMB2,846.6 million for the four months ended April 30, 2022 to RMB2,448.3 million for the four months ended April 30, 2023, primarily reflecting a decrease in revenue we generated from the online game publishing business and other marketing business under the selfrun model mainly because certain game products entered into a later stage of their lifecycle.
Summary · 第 34 页
In 2021, 2022 and the four months ended April 30, 2022 and 2023, we generated a profit of RMB616.4 million, RMB491.5 million, RMB124.6 million and RMB242.1 million, respectively.
Our revenue and gross profit decreased from RMB2,011.1 million and RMB259.0 million, respectively, for the four months ended April 30, 2022 to RMB453.8 million and RMB113.7 million, respectively, in the same period in 2023; while our gross profit margin increased from 12.9% to 25.1% between the two periods mainly because of the increased proportion of revenue generated from time charter services, which had higher gross profit margins.
Summary · 第 3 页
revenue, gross profit and net profit will experience considerable decrease in 2023 as compared to our exceptionally strong performance in 2021 and 2022.
Summary · 第 4 页
we expect that our overall gross profit margin of cross-border logistics services in 2023 will moderately decline from that in 2022 and return to the level in 2020, which was 6.9%, when we had not yet commenced any self-operated cross-border seaborne transportation services.
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.
We recorded gross margins of 41.1%, 45.1%, 41.8% and 40.7% in 2019, 2020, 2021 and 2022, respectively.
Business · 第 175 页
We experienced a decrease in our overall gross margin in 2021 compared to 2020 primarily attributable to (i) the decreased gross margin of self-branded fitness products segment as we offered more discounts to incentivize user purchase and (ii) decreased gross margin of membership and online paid content segment as we incurred increased content related cost to further expand our content offerings.
Business · 第 175 页
We expect to experience an increase in gross margin as we intend to efficiently manage costs and expenses as a percentage of total revenue and further benefit from operating leverage.
巨星传奇集团有限公司Star Plus Legend Holdings Limited06683.HK
2022年收入同比下降及2021年利润回落
Our revenue decreased from RMB365.3 million for 2021 to RMB344.2 million for 2022 mainly due to the decrease in our revenue from the new retail business as a result of the large-scale regional static management control measures imposed by the local government in view of the Resurgence of the COVID-19 pandemic, in particular, our offline marketing activities and the delivery of our products had been severely affected by the travel restrictions imposed.
Financial Information · 第 391 页
We recorded adjusted net profit (non-HKFRS measure) of RMB69.9 million in 2021, that was higher than that in 2019, but lower than the same in 2020, primarily due to the fact that our sales of MODONG coffee was profoundly boosted by the airing of J-Style Trip season one in the first half of 2020, which empowered the sales of MODONG coffee, in particular in the second quarter of 2020.
Financial Information · 第 391 页
However, after the cessation of material promotional effect of J-Style Trip season one since July 2020, the sales of MODONG coffee (i) remained at a sustainable level since second half year of 2020 and throughout 2021 in general, and (ii) was significantly higher than that in 2019.
宏信建设发展有限公司Horizon Construction Development Limited09930.HK
2022年经营租赁服务毛利率降至44.7%
The gross profit margin for operating lease services decreased from 53.1% for the year ended December 31, 2021 to 44.7% for the year ended December 31, 2022, primarily because the increase in cost of sales for providing operating lease services outpaced the increase in our revenue generated from operating lease services, which was primarily due to a decrease in the utilization rate for our equipment mainly attributable to the suspension of our operating leases with customers and suspension of operations of our service outlets in 2022 as a result of the COVID-19 pandemic.
Our adjusted net loss (non-IFRS measure) increased from RMB80.0 million for the six months ended September 30, 2021 to RMB152.1 million for the six months ended September 30, 2022 primarily because our revenue growth slowed down amid the new COVID-19 outbreaks across China during the period.
Summary · 第 10 页
Our total revenues increased by 19.9% from RMB382.3 million in the fiscal year ended March 31, 2019 to RMB458.5 million in the fiscal year ended March 31, 2020, and by 21.3% to RMB556.3 million in the fiscal year ended March 31, 2021, and further by 22.2% to RMB679.6 million in the fiscal year ended March 31, 2022, and increased by 12.1% from RMB312.8 million for the six months ended September 30, 2021 to RMB350.8 million for the six months ended September 30, 2022.
For the years ended December 31, 2019, 2020 and 2021 and the nine months ended September 30, 2021 and 2022, our revenue from cross-border digital marketing services was US$9.5 million, US$11.7 million, US$14.3 million, US$10.1 million and US$9.6 million, respectively, and our gross billing to marketers, being the total monetary value we charge marketers as their marketing spending for implementation of marketing campaigns on media publishers’ platforms, was US$357.9 million, US$477.1 million, US$610.8 million, US$468.8 million and US$337.8 million, respectively.
Summary · 第 2 页
Our income tax expense decreased to US$0.4 million for the nine months ended September 30, 2022 from US$0.8 million for the nine months ended September 30, 2021 as a result of a decrease in our profit before taxation to US$3.1 million from US$5.3 million over the same period.
Financial Information · 第 310 页
Average trade receivables turnover days increased from 70 days for 2021 to 94 days for the nine months ended September 30, 2022, primarily due to (i) the decrease of our gross billing for the nine months ended September 30, 2022, (ii) the decrease of service fees with respect to our customized and SaaS-based digital marketing services for the same period, and (iii) our extension of credit term to Marketer A in the second half of 2021 as aforementioned.
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.