Company: GINT
Filing Date: 2025-01-28
Form Type: DRS/A
Source: 0001213900-25-007208
Chunk: 110

Company: Gifts International Holdings Ltd
Filing Date: 2025-01-28
Form: DRS/A
Chunk 110
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 | ) |
| NET INCOME                                  |     |                       |   3,682,317 |   |     |   6,301,573 |   |     | $    |    807,894 |   |
| Weighted average number of ordinary shares: |     |                       |             |   |     |             |   |     |      |            |   |
| Basic and diluted*                          |     |                       |     100,000 |   |     |     100,000 |   |     |      |    100,000 |   |

For the years ended March 31, 2023 and 2024, our revenues were HK$87.5 million and HK$81.6 million (US$10.5 million) respectively. This decrease in revenue was due to the drop in number of sales orders of 17.7%. The decrease in revenue was primarily due to a decline in sales from one of our corporate clients. This drop was further compounded by a moderate slowdown in overall retail consumption, which we attribute to lingering post -pandemiceffects. As consumer spending patterns continue to stabilize, the reduced demand, particularly in the retail sector, has impacted our sales performance during this period. Such decrease in revenue was partially offset by the increase in average price of sales orders of 13.2%, which was mainly attributable to broad -basedprice increase of our products. Such broad -basedprice increase across our products was a strategic move driven by management decisions aimed at enhancing margins and introducing more premium offerings during the year ended March31, 2024. And these price adjustments were not influenced by inflationary pressures but rather by a deliberate effort to improve overall performance.

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The table below sets out our revenue breakdown by customer types for the periods indicated.

|                      |     | For the year ended March 31, 
                         2023 |     |       |     |       2024 |     |       |
|:---------------------|:----|-----------------------------:|:----|------:|:----|-----------:|:----|------:|
|                      |     |                          HKD |     |     % |     |        HKD |     |     % |
| Corporate clients    |     |                   63,840,199 |     |  73.0 |     | 54,372,507 |     |  66.7 |
| Individual customers |     |                   23,612,128 |