Company: BGHL
Filing Date: 2025-09-22
Form Type: F-1/A
Source: 0001213900-25-089787
Chunk: 91

Company: BILLION GROUP HOLDINGS Ltd
Filing Date: 2025-09-22
Form: F-1/A
Chunk 91
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 for the year ended December 31, 2023. The increase in cost of sales from fine wine and spirit was caused by the increase in purchases to cope with the increase in customer demand. 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 for the year ended December 31, 2024. For the year ended December 31, 2024, cost of sales from luxury seafood was HK$5,155,690, representing an increase of HK$2,425,154 or 88.8%, compared to HK$2,730,536 for the year ended December 31, 2023. The increase in cost of sales from luxury seafood was caused by the increase in purchases to cope with the increase in customer demand. The cost of sales from luxury seafood increased in a lower portion than the increase in sales for the year ended December 31, 2024. This was because 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. The purchase cost of luxury seafood was relatively stable throughout the year 2024. For the year ended December 31, 2024, cost of sales from other products was HK$536,779, representing a decrease of HK$2,681,688 or 83.3%, compared to HK$3,218,467 for the year ended December 31, 2023. The decrease in cost of sales from other products was in line with the decrease in sales as the management decided to focus more on the sales of frozen food, fine wine and spirit and luxury seafood which have higher gross profit margin. Gross Profit

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         2024 |     |   Year Ended 
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