Company: BGHL
Filing Date: 2025-08-29
Form Type: F-1
Source: 0001213900-25-082403
Chunk: 92

Company: BILLION GROUP HOLDINGS Ltd
Filing Date: 2025-08-29
Form: F-1
Chunk 92
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 December 31, 2024, as compared to that of the same period of 2023. The gross profit margin of sales of frozen food was 12.3% for the year ended December 31, 2024, compared to that of 12.7% for the same period of 2023. Despite of the increase in sales orders which led to higher gross profit, the gross profit margin on sales of frozen food had remained stable throughout the years. Gross profit from sales of fine wine and spirit increased by HK$2,611,747 or 217.4% for the year ended December 31, 2024, as compared to that of the same period of 2023. The gross profit margin of sales of fine wine and spirit was 30.2% for the year ended December 31, 2024, compared to that of 19.9% for the same period of 2023. The increase in gross profit was due to the increase in sales. However, the new procurement team brought by the current shareholders was able to agree a lower purchase price with the supplier due to bulk purchases in 2024. Thus, the cost of sales from fine wine and spirit increased in a lower portion than the increase in sales so that a higher gross profit margin was reached for the year ended December 31, 2024. Gross profit from sales of luxury seafood increased by HK$1,416,653 or 129.7% for the year ended December 31, 2024, as compared to that of the same period of 2023. The gross profit margin of sales of luxury seafood was 32.7% for the year ended December 31, 2024, compared to that of 28.6% for the same period of 2023. The increase in gross profit was due to the increase in sales. However, the purchase cost of luxury seafood was higher in early 2023 right after the end of pandemic and then back to normal in the second half of 2023; whereas the purchase cost of luxury seafood was relatively stable throughout the year 2024. Thus, the cost of sales from luxury seafood increased in a lower portion than the increase in sales so that a higher gross profit margin was reached for the year ended December 31, 2024. Gross profit from sales of other products decreased by HK$132,185 or 81.9% for the year ended December 31, 2024, as compared to that of