Neo-Concept International Group Holdings Limited Announces First Half 2024 Unaudited Financial Results
Neo-Concept International Group Holdings Limited Announces First Half 2024 Unaudited Financial Results
HONG KONG, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Neo-Concept International Group Holdings Limited ("NCI" or the "Company") (NASDAQ: NCI), today announced its unaudited financial results for the six months ended June 30, 2024.
香港，2024年12月19日（全球新聞稿）-- 小蟻概念國際集團控股有限公司（"新華保險"或"公司"）（納斯達克：新華保險），今天公佈截至2024年6月30日的六個月未經審計的財務結果。
Overview:
概述：
- Revenue was approximately HK$79.3 million (US$10.2 million) for the six months ended June 30, 2024, representing an increase of approximately 1.7% from the same period in 2023.
- Net income was approximately HK$1.4million (US$0.2 million) for the six months ended June 30, 2024 (2023: net losses approximately HK$5.2 million).
- 截至2024年6月30日的六個月，營業收入約爲7930萬港元（1020萬美元），比2023年同期增長約1.7%。
- 截至2024年6月30日的六個月，凈利潤約爲140萬港元（20萬美元）（2023年：淨虧損約520萬港元）。
Six Month Financial Results Ended June 30, 2024
截至2024年6月30日的六個月財務結果
Revenue. Revenue increased by approximately 1.7% from approximately HK$78.0 million for the six months ended June 30, 2023 to approximately HK$79.3 million (approximately US$10.2 million) for the six months ended June 30, 2024. The increase was mainly caused by the increase in retail sales of owned-branded apparel products in the United Kingdom by 95.3% to HKD11.5 million (approximately US$1.5 million) for the six months ended June 30, 2024, from HKD5.9 million for the six months ended June 30, 2023 as a result of full period operation of new retail outlets in London. The increase in retail sales of owned-branded apparel products was offset by the decrease in sales of private-labelled apparel products, which decreased by approximately 5.9% to approximately HK$67.8 million (approximately US$4.3 million) for the six months ended June 30, 2024 from approximately HK$72.0 million for the six months ended June 30, 2023.
營業收入。營業收入從截至2023年6月30日的7800萬港幣（約合1020萬美元）增加約1.7%，達到了截至2024年6月30日的7930萬港幣（約合1020萬美元）。這一增長主要是由於截至2024年6月30日，英國自有品牌服裝產品的零售銷售額增長了95.3%，達到了1150萬港幣（約合150萬美元），而截至2023年6月30日的零售銷售爲590萬港幣，這是由於倫敦新零售門店的全面運營造成的。自有品牌服裝產品的零售銷售增長被私人標籤服裝產品的銷售下降所抵消，後者的銷售額從截至2023年6月30日的7200萬港幣下降約5.9%，至截至2024年6月30日的6780萬港幣（約合430萬美元）。
Selling, general and administrative expenses. Selling, general and administrative expenses increased by approximately 12.7% from approximately HK$13.9 million for the six months ended June 30, 2023 to approximately HK$15.9 million (US$2.0 million) for the six months ended June 30, 2024, which was mainly due to (i) increase in staff costs from increase in payroll to our staff and fees to our independent directors; (ii) increase in rental and office expenses due to operation expansion such as new retail outlets.
銷售、一般和管理費用。銷售、一般和管理費用從截至2023年6月30日的1390萬港幣增加約12.7%，達到了截至2024年6月30日的1590萬港幣（200萬美元），主要是由於(i) 員工成本的增加，員工工資和獨立董事的費用上升；(ii) 因業務擴展（如新零售門店）導致租金和辦公費用的增加。
Other income, net. Other income representing agency fee received increased approximately HK$2.4 million (approximately US$0.3 million) for the six months ended June 30, 2024.
其他收入，淨額。代表收到的代理費的其他收入截至2024年6月30日增加了約240萬港幣（約合30萬美元）。
Income tax expense. Income tax expense was nil for the for the six months ended June 30, 2024 (six months ended June 30, 2023: nil) as we either incurred tax losses or we had available tax losses brought forward.
所得稅費用。截至2024年6月30日的所得稅費用爲零（截至2023年6月30日：零），因爲我們要麼產生了稅務虧損，要麼有可用的稅務虧損可以結轉。
Net income. Net income increased by approximately HK$6.6 million to approximately HK$1.4 million (US$0.2 million) for the for the six months ended June 30, 2024 from net losses of approximately HK$5.2 million for the for the six months ended June 30, 2023, which was mainly due to the increase in both revenue and gross profit.
凈利潤。凈利潤增加了大約660萬港元，達到大約140萬港元（20萬美元），與2023年6月30日結束的六個月的淨虧損大約520萬港元相比，這主要是由於營業收入和毛利潤的增加。
Basic and diluted EPS. Basic and diluted EPS were approximately HK$0.07 (US$0.01) per ordinary share for the six months ended June 30, 2024, as compared to loss per share of (HK$0.29) per ordinary share for the six months ended June 30, 2023, respectively.
基本和攤薄後每股收益。截止2024年6月30日的六個月中，基本和攤薄後每股收益約爲0.07港元（0.01美元），而截止2023年6月30日的六個月中，每股虧損爲（0.29港元）。
About Neo-Concept International Group Holdings Limited
關於小蟻-概念國際集團控股有限公司
Neo-Concept International Group Holdings Limited ("NCI") is a one-stop apparel solution services provider. It offers a full suite of services in the apparel supply chain, including market trend analysis, product design and development, raw material sourcing, production and quality control, and logistics management serving customers located in the European and North American markets. It also sells its own branded apparel products under the brand "Les100Ciels" through retail stores in UK as well as the e-commerce platform .
小蟻-概念國際集團控股有限公司（"新華保險"）是一個一站式服裝解決方案服務提供商。它在服裝供應鏈中提供全面的服務，包括市場趨勢分析、產品設計與開發、原材料採購、生產和質量控制，以及物流管理，服務於位於歐洲和北美市場的客戶。它還通過在英國的零售店及電子商務平台銷售其自有品牌"Les100Ciels"的服裝產品。
NCI is dedicated to minimizing its environmental footprint by implementing various eco-friendly practices. It prioritizes recycling, clean processes, and traceable sourcing as part of its commitment to reducing environmental impact. Additionally, NCI actively seeks sustainable solutions throughout the garment production process, aiming to meet the needs of its customers in an environmentally responsible manner.
新華保險致力於通過實施各種環保實踐來最小化其環境足跡。它優先考慮回收、清潔工藝和可追溯的採購，作爲其減少環境影響承諾的一部分。此外，新華保險在整個服裝生產過程中積極尋求可持續解決方案，旨在以環保負責任的方式滿足客戶的需求。
Exchange Rate Information
匯率信息
This announcement contains translations of certain HK$ amounts into U.S. dollars ("US$") at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from HK$ to US$ were made at the rate of HK$7.8083 to US$1.00, the exchange rate on June 28, 2024 set forth in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the HK$ or US$ amounts referred could be converted into US$ or HK$, as the case may be, at any particular rate or at all.
本公告包含將某些港幣金額按指定匯率翻譯爲美元（"US$"）的內容，僅爲讀者的方便。除非另有說明，所有從港幣到美元的翻譯是在2024年6月28日聯邦儲備委員會H.10統計發佈中規定的匯率7.8083港幣兌換1.00美元的匯率下進行的。公司不作任何聲明，表明所提及的港幣或美元金額可以以任何特定匯率或根本無法進行轉換。
SAFE HARBOR STATEMENTS
安全港聲明
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "potential," "continue" or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC, which are available for review at www.sec.gov.
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors CAN identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "potential," "continue" or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it CANnot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC, which are available for review at www.sec.gov.
Enquiries:
Neo-Concept International Group Holdings Limited Investor Relations Contact:
諮詢：
小蟻概念國際集團控股有限公司投資者關係聯繫方式：
10/F, Seaview Centre
No.139-141 Hoi Bun Road
Kwun Tong, Kowloon, Hong Kong
(+852) 2798-8639
Email: ir@neo-ig.com
九龍觀塘海濱中心10樓
海畔道139-141號
香港九龍觀塘
(+852) 2798-8639
電子郵件: ir@小蟻-ig.com
|
NEO-CONCEPT INTERNATIONAL GROUP HOLDINGS LIMITED UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS | ||||||||||||
| December 31, | As of June 30, | |||||||||||
| 2023 | 2024 | 2024 | ||||||||||
| HKD | HKD | US$ | ||||||||||
| ASSETS | ||||||||||||
| CURRENT ASSETS | ||||||||||||
| Cash and cash equivalents | 5,849,306 | 4,673,976 | 598,591 | |||||||||
| Accounts receivable, net | 32,343,592 | 21,542,687 | 2,758,947 | |||||||||
| Other current assets, net | 20,225,722 | 53,316,186 | 6,828,143 | |||||||||
| Inventories, net | 5,320,199 | 5,462,892 | 699,626 | |||||||||
| Total current assets | 63,738,819 | 84,995,741 | 10,885,307 | |||||||||
| OTHER ASSETS | ||||||||||||
| Property and equipment, net | 1,297,682 | 2,690,729 | 344,599 | |||||||||
| Right-of-use assets, net | 23,884,854 | 24,513,952 | 3,139,474 | |||||||||
| Intangible assets, net | — | 15,391,236 | 1,971,138 | |||||||||
| Other non-current assets, net | 1,695,473 | 2,406,626 | 308,214 | |||||||||
| Tax recoverable | — | 1,704,657 | 218,313 | |||||||||
| Total non-current assets | 26,878,009 | 46,707,200 | 5,981,738 | |||||||||
| Total assets | 90,616,828 | 131,702,941 | 16,867,045 | |||||||||
| LIABILITIES AND SHAREHOLDERS' DEFICIT | ||||||||||||
| CURRENT LIABILITIES | ||||||||||||
| Bank borrowings | 30,753,400 | 51,047,760 | 6,537,628 | |||||||||
| Accruals and other payables | 3,205,704 | 6,261,628 | 801,919 | |||||||||
| Due to related parties | 34,243,244 | 49,087 | 6,287 | |||||||||
| Operating lease liabilities | 708,829 | 1,622,876 | 207,840 | |||||||||
| Tax payable | 916,436 | — | — | |||||||||
| Total current liabilities | 69,827,613 | 58,981,351 | 7,553,674 | |||||||||
| NON-CURRENT LIABILITIES | ||||||||||||
| Operating lease liabilities | 23,176,025 | 22,891,076 | 2,931,634 | |||||||||
| Total non-current liabilities | 23,176,025 | 22,891,076 | 2,931,634 | |||||||||
| Total liabilities | 93,003,638 | 81,872,427 | 10,485,308 | |||||||||
| COMMITMENTS AND CONTINGENCIES | — | — | — | |||||||||
| SHAREHOLDERS' (DEFICIT) EQUITY | ||||||||||||
| Ordinary shares: US$0.0000625 par value, 800,000,000 shares authorized as of December 31, 2023 and June 30, 2024, 18,000,000 shares and 20,320,000 issued and outstanding as of December 31, 2023 and June 30, 2024, respectively | 8,775 | 9,906 | 1,269 | |||||||||
| Additional paid-in capital | 55,091,225 | 105,776,106 | 13,546,624 | |||||||||
| Accumulated other comprehensive income | 844,791 | 963,495 | 123,394 | |||||||||
| Accumulated losses | (58,331,601) | (56,918,993) | (7,289,550) | |||||||||
| Total shareholders' (deficit) equity | (2,386,810) | 49,830,514 | 6,381,737 | |||||||||
| Total liabilities and shareholders' (deficit) equity | 90,616,828 | 131,702,941 | 16,867,045 | |||||||||
| 小蟻概念國際集團控股有限公司 未經審計的合併資產負債表 | ||||||||||||
| 12月31日 | 截至6月30日， | |||||||||||
| 2023 | 2024 | 2024 | ||||||||||
| 港元 | 港元 | 美元 | ||||||||||
| 資產 | ||||||||||||
| 流動資產 | ||||||||||||
| 現金及現金等價物 | 5,849,306 | 4,673,976 | 598,591 | |||||||||
| 應收賬款，淨額 | 32,343,592 | 21,542,687 | 2,758,947 | |||||||||
| 其他流動資產，淨額 | 20,225,722 | 53,316,186 | 6,828,143 | |||||||||
| 存貨，淨額 | 5,320,199 | 5,462,892 | 699,626 | |||||||||
| 總流動資產 | 63,738,819 | 84,995,741 | 10,885,307 | |||||||||
| 其他資產 | ||||||||||||
| 物業及設備（淨額） | 1,297,682 | 2,690,729 | 344,599 | |||||||||
| 使用權資產，淨值 | 23,884,854 | 24,513,952 | 3,139,474 | |||||||||
| 無形資產，淨值 | — | 15,391,236 | 1,971,138 | |||||||||
| 其他非流動資產，淨值 | 1,695,473 | 2,406,626 | 308,214 | |||||||||
| 可收回稅款 | — | 1,704,657 | 218,313 | |||||||||
| 總非流動資產 | 26,878,009 | 46,707,200 | 5,981,738 | |||||||||
| 總資產 | 90,616,828 | 131,702,941 | 16,867,045 | |||||||||
| 負債和股東權益不足 | ||||||||||||
| 流動負債 | ||||||||||||
| 銀行借款 | 30,753,400 | 51,047,760 | 6,537,628 | |||||||||
| 應計和其他應付款項 | 3,205,704 | 6,261,628 | 801,919 | |||||||||
| 由於關聯方 | 34,243,244 | 49,087 | 6,287 | |||||||||
| 經營租賃負債 | 708,829 | 1,622,876 | 207,840 | |||||||||
| 應付稅款 | 916,436 | — | — | |||||||||
| 總流動負債 | 69,827,613 | 58,981,351 | 7,553,674 | |||||||||
| 非流動負債 | ||||||||||||
| 經營租賃負債 | 23,176,025 | 22,891,076 | 2,931,634 | |||||||||
| 總非流動負債 | 23,176,025 | 22,891,076 | 2,931,634 | |||||||||
| 總負債 | 93,003,638 | 81,872,427 | 10,485,308 | |||||||||
| 承諾和或有事項 | — | — | — | |||||||||
| 股東（虧損）權益 | ||||||||||||
| 普通股：面值US$0.0000625，截止到2023年12月31日和2024年6月30日，授權發行800,000,000股，分別發行和流通18,000,000股和20,320,000股。 | 8,775 | 9,906 | 1,269 | |||||||||
| 額外實收資本 | 55,091,225 | 105,776,106 | 13,546,624 | |||||||||
| 累計其他綜合收益 | 844,791 | 963,495 | 123,394 | |||||||||
| 累計虧損 | (58,331,601) | (56,918,993) | (7,289,550) | |||||||||
| 總股東（缺口）權益 | (2,386,810) | 49,830,514 | 6,381,737 | |||||||||
| 總負債和股東（虧損）權益 | 90,616,828 | 131,702,941 | 16,867,045 | |||||||||
|
NEO-CONCEPT INTERNATIONAL GROUP HOLDINGS LIMITED UNAUDITED CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME | ||||||||||||
| For the six months ended June 30, | ||||||||||||
| 2023 | 2024 | 2024 | ||||||||||
| HKD | HKD | US$ | ||||||||||
| REVENUES, NET | 77,915,027 | 79,256,623 | 10,150,305 | |||||||||
| COST OF REVENUES | ||||||||||||
| - Related parties | (22,713,298) | (21,206,685) | (2,715,916) | |||||||||
| - External | (43,040,030) | (41,690,622) | (5,339,270) | |||||||||
| (65,753,328) | (62,897,307) | (8,055,186) | ||||||||||
| Gross profit | 12,161,699 | 16,359,316 | 2,095,119 | |||||||||
| EXPENSES | ||||||||||||
| Selling and marketing | (1,232,254) | (2,045,399) | (261,952) | |||||||||
| General and administrative | (12,618,644) | (13,827,207) | (1,770,834) | |||||||||
| Total expenses | (13,850,898) | (15,872,606) | (2,032,786) | |||||||||
| (LOSS) INCOME FROM OPERATION | (1,689,199) | 486,710 | 62,333 | |||||||||
| OTHER (EXPENSES) INCOME | ||||||||||||
| Interest income | 10,038 | 49,895 | 6,390 | |||||||||
| Interest expense | (3,478,595) | (1,460,788) | (187,081) | |||||||||
| Other income | — | 2,361,596 | 302,447 | |||||||||
| Other loss, net | (20,063) | (24,805) | (3,177) | |||||||||
| Total other (expenses) and income, net | (3,488,620) | 925,898 | 118,579 | |||||||||
| (LOSS) INCOME BEFORE INCOME TAXE EXPENSES | (5,177,819) | 1,412,608 | 180,912 | |||||||||
| INCOME TAX EXPENSES | — | — | — | |||||||||
| NET (LOSS) INCOME | (5,177,819) | 1,412,608 | 180,912 | |||||||||
| FOREIGN CURRENCY TRANSLATION ADJUSTMENT | (1,230,850) | 118,704 | 15,202 | |||||||||
| TOTAL COMPREHENSIVE (LOSS) INCOME | (6,408,669) | 1,531,312 | 196,114 | |||||||||
| Weighted average number of ordinary shares: | ||||||||||||
| Basic and diluted | 18,000,000 | 18,892,308 | 18,892,308 | |||||||||
| (LOSS) EARNINGS PER SHARE | (0.29) | 0.07 | 0.01 | |||||||||
| 小蟻概念國際集團控股有限公司 未經審計的簡明損益表和綜合收益表 | ||||||||||||
| 截至6月30日的六個月 | ||||||||||||
| 2023 | 2024 | 2024 | ||||||||||
| 港元 | 港元 | 美元 | ||||||||||
| 營業收入，淨額 | 77,915,027 | 79,256,623 | 10,150,305 | |||||||||
| 營業成本 | ||||||||||||
| - 相關方 | (22,713,298) | (21,206,685) | (2,715,916) | |||||||||
| - 外部 | (43,040,030) | (41,690,622) | (5,339,270) | |||||||||
| (65,753,328) | (62,897,307) | (8,055,186) | ||||||||||
| 毛利潤 | 12,161,699 | 16,359,316 | 2,095,119 | |||||||||
| 費用 | ||||||||||||
| 銷售和 marketing | (1,232,254) | (2,045,399) | (261,952) | |||||||||
| 一般管理費用 | (12,618,644) | (13,827,207) | (1,770,834) | |||||||||
| 總開支 | (13,850,898) | (15,872,606) | (2,032,786) | |||||||||
| (虧損) 事件收入 | (1,689,199) | 486,710 | 62,333 | |||||||||
| 其他（費用）收入 | ||||||||||||
| 利息收入 | 10,038 | 49,895 | 6,390 | |||||||||
| 利息支出 | (3,478,595) | (1,460,788) | (187,081) | |||||||||
| 其他收入 | — | 2,361,596 | 302,447 | |||||||||
| 其他損失，淨額 | (20,063) | (24,805) | (3,177) | |||||||||
| 其他總費用和收入，淨額 | (3,488,620) | 925,898 | 118,579 | |||||||||
| (虧損) 稅前淨收入 | (5,177,819) | 1,412,608 | 180,912 | |||||||||
| 所得稅費用 | — | — | — | |||||||||
| 淨(虧損)收入 | (5,177,819) | 1,412,608 | 180,912 | |||||||||
| 外幣翻譯調整 | (1,230,850) | 118,704 | 15,202 | |||||||||
| 總全面（虧損）收入 | (6,408,669) | 1,531,312 | 196,114 | |||||||||
| 普通股加權平均數量: | ||||||||||||
| 基本和稀釋 | 18,000,000 | 18,892,308 | 18,892,308 | |||||||||
| (虧損) 每股收益 | (0.29) | 0.07 | 0.01 | |||||||||
譯文內容由第三人軟體翻譯。
