Company: FEBO
Filing Date: 2025-05-14
Form Type: 20-F
Source: 0001641172-25-010075
Chunk: 96

Company: Fenbo Holdings Ltd
Filing Date: 2025-05-14
Form: 20-F
Item: Item 5
Chunk 96
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 of and demand for such
raw materials, as well as our bargaining power with our suppliers. During the financial years ended December 31, 2022, 2023 and 2024,
the majority of our raw materials were commonly available from the market and their prices were affected by market forces. We monitor
supply and cost trends of these raw materials and take appropriate actions to obtain the materials we need for production. We expect fluctuations
in the cost of key materials to continue to affect our margins.

Results of Operations

The following table sets forth
a summary of the consolidated results of operations of the Company for the years indicated, both in absolute amount and as a percentage
of its total revenues.

  59  

For the fiscal years ended December
31, 2022, 2023 and 2024, the Company generated its revenues by sales of electrical hair styling products through the Company’s wholly-owned
operating subsidiaries. The following table presented the Company’s revenues by product types for the fiscal years ended December
31, 2022, 2023 and 2024:

                                         For the years ended December 31,                                                                            
                                         2022                                                                                                        
  Revenues                               HK$’000                                                                                                     
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Curling Wands and Irons                                                       38,328       32,753       31,401       4,043      (1,352       (4.1  
  Flat Irons and Hair Straighteners                                             78,626       82,817      100,026      12,877      17,209       20.8  
  Others                                                                         2,774        3,540        1,480         190      (2,060      (58.2  
  Total revenues                                                               119,728      119,110      132,907      17,110      13,797       11.6  

*Represents percentage of change from the fiscal year
ended December 31, 2023 to 2024

The following table presents the Company’s revenues
by geographic areas based on the location of our sole customer for the fiscal years ended December 31, 2022, 2023 and 2024.

                       For the years ended December 31,                                                                           
                       2022                                                                                                       
  Revenues             HK$’000                                                                                                    
 ─────────────────