Company: GINT
Filing Date: 2025-06-27
Form Type: F-1/A
Source: 0001213900-25-058872
Chunk: 103

Company: Gifts International Holdings Ltd
Filing Date: 2025-06-27
Form: F-1/A
Chunk 103
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, respectively, for the year ended March 31, 2023. For the six months ended September30, 2024 (“6M2024”) and six months ended September30, 2023 (“6M2023”), our revenues were HK$41.7million (US$5.4million) and HK$41.1million, respectively. Our gross profit and net income were HK$15.5million (US$2.0million) and HK$1.7million (US$0.2million), respectively, for 6M2024, as compared to our gross profit and net income of HK$15.5million and HK$2.7million, respectively, for 6M2023. Impact of COVID-19 on our business As most of the pandemic restrictions in Hong Kong had been eased by early 2023, we do not expect material impact of COVID -19on our business for the year ending March 31, 2024. Key factors affecting operating results We believe the following key factors may affect our results of operations: Economic conditions in Hong Kong A substantial part of our operations is located in Hong Kong. Accordingly, our business, prospects, financial condition and results of operations may be influenced to a significant degree by political, economic and social conditions in China generally and by continued economic growth in Hong Kong. Ability of our Group to stay competitive in the market Our Group has continued to expand since we commenced business in 2008. The sustainability of our revenue and net profit will depend upon our ability to remain competitive in the gifting and floral industry and to provide high quality products. Ability of our Group to accurately predict our customers’ future needs Our revenue is derived from different types of clients, over 135,000 corporate and individual customers. Our corporate clients span across different industries, including banks, insurance companies, real estate companies, Hong Kong listed companies, multi -nationalcorporations, marketing companies, media agencies and other local businesses. The needs of each of our customers for gifting may vary significantly from time to time. It is difficult to accurately predict our customers’ seasonal and special preferences and specific requirements. There is no assurance that the demand for our products from our customers may be maintained or continue to grow in the years ahead. 56

Results of Operations Comparison of Six Months ended September 30, 2024 and 2023 The following table sets forth the combined results of our operations for the six months ended September 30, 2024 and