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Public company info - SG Group Holdings Limited , 08442.HK

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SG Group Holdings Limited, 08442.HK - Company Profile
Chairman Choi King Ting, Charles
Share Issued (share) 32,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Apparel
Corporate Profile Business Summary: The Group are principally engaged in the supply of apparel products with design and sourcing services to fashion retailers and the provision of consultation services. Performance for the year: The Group’s revenue increased by 6.2% to approximately HK$204.4 million for the Year from approximately HK$192.5 million for the year ended 30 April 2018. The Group’s gross profit increased to approximately HK$50.6 million for the Year from approximately HK$50.3 million for the year ended 30 April 2018, representing an increase of approximately 0.6%. The Group’s gross profit margin was approximately 24.8% for the Year and approximately 26.1% for the year ended 30 April 2018. Profit and total comprehensive income attributable to owners of the Company decreased to approximately HK$17.6 million for the Year from approximately HK$24.2 million for the year ended 30 April 2018, representing a decrease of approximately 27.3%. The Company’s basic earnings per Share for the Year was approximately HK$0.57 (30 April 2018: HK$0.74), representing a decrease of approximately HK$0.17, or approximately 23.0%. Business Review: The Group is an apparel designing and sourcing service provider for branded fashion retailers and wholesalers. The revenue for the Year was derived from the supply of apparel products to online fashion retailers and fashion retailers and the provision of consultation services. Supply of apparel products to branded fashion retailers and wholesalers The Group’s revenue from this segment increased by 5.4% to approximately HK$199.9 million for the Year from approximately HK$189.6 million for the year ended 30 April 2018. Such increases were mainly due to the sales generated from two new major customers and the increase in quantity of sales orders from existing customers. To cope with the challenging global business environment, while the Group continuously provides customised comprehensive services through efficient comprehensive apparel designing and sourcing services from design to delivery processes to the customers within a short lead time, it also enhances business exposure and performance by expanding showrooms to secure existing customers and maintaining a growth in revenue. Consultation services The Group engaged its business in the provision of consultation services which generated revenue of approximately HK$4.5 million during the Year as compared to approximately HK$2.9 million for the year ended 30 April 2018, representing an increase of approximately 55.2%. This segment mainly includes providing consultation services to apparel and footwear manufacturers by assisting them to comply with the corporate social responsibility standards requirements, providing fashion trend forecast analysis as well as design specification and introducing potential customers to them. On 21 March 2017 (the “Listing Date”), the ordinary shares of the Company (the “Shares”) were successfully listed on GEM by way of public offer and placing (the “Share Offer”). After deducting all the relevant commission and expenses borne by the Company, there are approximately HK$44.4 million of actual net proceeds from the Share Offer. The Group would utilise such net proceeds in accordance with the business strategies as set out in the Company’s prospectus dated 28 February 2017 (the “Prospectus”). Prospects: The Shares were successfully listed on GEM on the Listing Date. The Board considers that such public listing status on the Stock Exchange allows the Company to access the capital market for corporate finance exercise which assists the Company in the future business development, enhances the Group’s corporate profile and recognition and strengthens the Group’s competitiveness. The Group always strives to maintain the growth in the apparel designing and sourcing service industry and enhance the competitiveness and market share. The Group keeps on optimizing the showroom in the UK to respond quickly to customers’ demand and display more in-house designed collections. To create more business opportunities and strengthen the corporate image by giving more confidence to the customers, the Group has acquired a premise in Hong Kong for establishing a flagship showroom. By setting up a large and better renovated showroom in Hong Kong, the Group will be able to display a full range of the apparel products and components. The upcoming online showroom will display the in-house designed collections and the latest trends of fashion and lifestyle by publishing pictures and videos of apparel products, features, news, articles and editorials. By establishing the online showroom, the Group expects to capture the fast growing trend in the US online fashion markets in order to obtain opportunity to develop further and increase sales in the future. The Group intends to recruit additional experienced in-house designers and more external consultants to strengthen the design and development capabilities as well as the consultation services in order to offer different design style of apparel products and create more in-house designed collections in the future. In addition, the Group keeps on strengthening the Group’s sourcing and quality assurance ability, and to source new suppliers in different geographical areas, like Cambodia, for the manufacturing of apparel products. The quality assurance team will be stationed at the sourcing office to assist by continuing to explore the possibility of engaging more approved suppliers in different geographical areas that provide products of similar quality at lower cost. Besides, the Group plans to utilise the market presence and quality apparel design and sourcing services to attract new customers in different market across the world by participating in major fashion trade shows and fairs globally so as to create a higher profile and corporate image. Overall, the Group expects the global business environment to remain obscure in the coming year. The Directors remain confident that the Group has the ability to keep track with the fast growing trend of the global online apparel markets, maintain the relationship with customers and become a leading apparel designing and sourcing service provider in Hong Kong whilst maximising return for the Shareholders.

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