XML 190 R20.htm IDEA: XBRL DOCUMENT v3.25.4
Dissagreggated Revenue
6 Months Ended 12 Months Ended
Jun. 30, 2025
Dec. 31, 2024
Dissagreggated Revenue [Abstract]    
DISSAGREGGATED REVENUE

14. DISSAGREGGATED REVENUE

The following table shows disaggregated revenue by major product categories for the periods ended June 30, 2024 and 2025, respectively:

 

For the six months ended June 30,

   

2024

 

2025

 

2025

   

HKD

 

HKD

 

US$

Private-labelled apparel products

 

67,730,485

 

32,710,445

 

4,166,989

Own-branded apparel products

 

11,526,138

 

27,526,221

 

3,506,569

Total

 

79,256,623

 

60,236,666

 

7,673,558

The following table shows disaggregated cost of sales by major product categories for the periods ended June 30, 2024 and 2025, respectively:

 

For the six months ended June 30,

   

2024

 

2025

 

2025

   

HKD

 

HKD

 

US$

Private-labelled apparel products

 

59,393,295

 

29,052,173

 

3,700,961

Own-branded apparel products

 

3,504,012

 

5,385,166

 

686,017

Total

 

62,897,307

 

34,437,339

 

4,386,978

The following table sets forth a breakdown of our gross profit and gross profit margin for periods ended June 30, 2024 and 2025, respectively:

 

For the six months ended June 30,

   

2024

 

2025

Product category

 

Revenue

 

Cost of
revenue

 

Gross
profit

 

Gross
profit
margin

 

Revenue

 

Cost of revenue

 

Gross profit

 

Gross
profit
margin

   

HKD

 

HKD

 

HKD

 

%

 

HKD

 

USD

 

HKD

 

USD

 

HKD

 

USD

 

%

Private-labelled apparel products

 

67,730,485

 

59,393,295

 

8,337,190

 

12.3

%

 

32,710,445

 

4,166,989

 

29,052,173

 

3,700,961

 

3,658,272

 

466,028

 

11.2

%

Own-branded apparel products

 

11,526,138

 

3,504,012

 

8,022,126

 

69.6

%

 

27,526,221

 

3,506,569

 

5,385,166

 

686,017

 

22,141,055

 

2,820,552

 

80.4

%

Total

 

79,256,623

 

62,897,307

 

16,359,316

 

20.6

%

 

60,236,666

 

7,673,558

 

34,437,339

 

4,386,978

 

25,799,327

 

3,286,580

 

42.8

%

In the following table, revenue is disaggregated by the geographical locations of customers:

 

For the six months ended June 30,

   

2024

 

2025

 

2025

   

HKD

 

HKD

 

US$

Geographical locations:

           

The United States and Canada

 

63,140,914

 

30,104,645

 

3,835,035

The UK

 

11,752,301

 

27,236,666

 

3,469,683

Others

 

4,363,408

 

2,895,355

 

368,840

Total

 

79,256,623

 

60,236,666

 

7,673,558

13. DISSAGREGGATED REVENUE

The following table shows disaggregated revenue by major product categories for the years ended December 31, 2023 and 2024, respectively:

 

For the years ended December 31,

   

2023

 

2024

 

2024

   

HKD

 

HKD

 

US$

Private-labelled apparel products

 

156,316,352

 

196,736,307

 

25,327,485

Own-branded apparel products

 

17,886,275

 

38,931,427

 

5,011,963

Total

 

174,202,627

 

235,667,734

 

30,339,448

The following table shows disaggregated cost of revenues by major product categories for the years ended December 31, 2023 and 2024, respectively:

 

For the years ended December 31,

   

2023

 

2024

 

2024

   

HKD

 

HKD

 

US$

Private-labelled apparel products

 

134,239,759

 

178,307,992

 

22,955,056

Own-branded apparel products

 

4,914,557

 

7,915,189

 

1,018,987

Total

 

139,154,316

 

186,223,181

 

23,974,043

The following table sets forth a breakdown of our gross profit and gross profit margin for years ended December 31, 2023 and 2024:

Product category

 

For the year ended December 31, 2024

Revenue

 

Cost of
revenue

 

Gross
profit

 

Gross profit
margin

   

HKD

 

HKD

 

HKD

 

%

Private-labelled apparel products

 

196,736,307

 

178,307,992

 

18,428,315

 

9.4

%

Own-branded apparel products

 

38,931,427

 

7,915,189

 

31,016,238

 

79.7

%

Total

 

235,667,734

 

186,223,181

 

49,444,553

 

21.0

%

Product category

 

For the year ended December 31, 2023

Revenue

 

Cost of
revenue

 

Gross
profit

 

Gross profit
margin

   

HKD

 

HKD

 

HKD

 

%

Private-labelled apparel products

 

156,316,352

 

134,239,759

 

22,076,593

 

14.1

%

Own-branded apparel products

 

17,886,275

 

4,914,557

 

12,971,718

 

72.5

%

Total

 

174,202,627

 

139,154,316

 

35,048,311

 

20.1

%

In the following table, revenue is disaggregated by the geographical locations of customers:

 

For the years ended December 31,

   

2023

 

2024

 

2024

   

HKD

 

HKD

 

US$

Geographical locations:

           

The United States and Canada

 

132,124,783

 

171,354,373

 

22,059,859

The UK

 

17,898,073

 

39,906,752

 

5,137,525

Others

 

24,179,771

 

24,406,609

 

3,142,064

Total

 

174,202,627

 

235,667,734

 

30,339,448