Financial Performance - For the financial year ended March 31, 2022, the Group's consolidated revenue was approximately HK$183,133,000, an increase of 39.8% from HK$131,120,000 in 2021[9]. - The loss attributable to equity holders of the Company was approximately HK$17,337,000, compared to a loss of HK$4,162,000 in 2021, resulting in a loss per share of HK6.68 cents, up from HK1.6 cents[9]. - The Group's consolidated revenue for the year ended March 31, 2022, was approximately HK$183,133,000, representing a 39.7% increase from HK$131,120,000 in the previous financial year[47]. - The catering business revenue increased by 180.9% to approximately HK$29,988,000, primarily due to the full-year contribution from the first "Gyumai" restaurant[55]. - The Group reported a revenue of HK$183,133,000 for the year ended March 31, 2022, an increase of 39.8% compared to HK$131,120,000 in 2021[106]. - The loss from continuing operations for the year was HK$15,760,000, compared to a loss of HK$3,739,000 in the previous year, indicating a significant decline in profitability[106]. Economic Environment - The economic environment in 2021-22 was impacted by the pandemic, the Russian-Ukraine conflict, and rising inflation, leading to weakened domestic consumption in Hong Kong[10]. - The catering industry in Hong Kong is anticipated to rebound steadily with the easing of social-distancing rules and lifting of travel restrictions[36]. Business Strategy and Operations - Despite challenges, the frozen meats trading business improved revenue by adopting a prudent purchase strategy and optimizing the product mix towards high-quality frozen meat products[16]. - The Group's strategy includes diversifying products towards the high-quality food segment to meet customer needs amid economic uncertainties[11]. - The Group plans to adapt its expansion strategy for opening new restaurants to align with future economic developments in Hong Kong[36]. - The Group opened its first restaurant brand "Gyumai" in Yuen Long, which performed well due to high-quality beef sourced from major regions[21]. - The Group's long-standing reputation and solid customer network helped achieve revenue growth despite the unstable economic environment[11]. Product and Market Development - The Group's exclusive distribution of Japanese wagyu beef brand "Satsuma" and Korean Lotte's Australian wagyu beef brand "L'Grow" met the growing demand for premium food[16]. - New products introduced by FSMHL, such as Japanese ice cream, eggs, milk, tofu, and rice, have gained popularity in the market[33]. - The Group recognizes the importance of brand building and marketing strategies, successfully establishing brands like "Satsuma" and "L'Grow" in the meat trading sector[26]. Financial Position and Investments - The Group's share of profit from Four Seas Mercantile Holdings Limited (FSMHL) for the financial year ended 31 March 2022 was HK$3,789,000, a decrease from HK$9,035,000 in 2021[34]. - FSMHL completed its full acquisition of Miyata Holdings Co., Ltd., which is expected to bring synergy to FSMHL and the Group due to its strong retail and distribution network[33]. - The Group continues to hold approximately 29.98% equity interest in FSMHL as a strategic investment in the food business[32]. - The Group's total banking facilities amounted to approximately HK$200,753,000, with 18% utilized as of March 31, 2022[95]. - Total assets as of March 31, 2022, amounted to HK$685,246,000, an increase from HK$684,036,000 in 2021[108]. - Total liabilities as of March 31, 2022, were HK$80,277,000, compared to HK$59,164,000 in 2021[108]. Operational Challenges - The catering business faced significant challenges due to Covid-19, with a substantial drop in customer numbers and transaction amounts compared to the previous fiscal year[22]. - The overall segment result of the frozen meats trading business recorded a loss of approximately HK$7,118,000, an increase of 290.2% compared to a loss of approximately HK$1,824,000 in the previous year[50]. - The catering segment's loss increased by 23.9% to approximately HK$1,409,000, compared to a loss of approximately HK$1,137,000 in the previous year[55]. Operational Metrics - The gross profit margin improved to 13.9% from 12.2% in the previous year[63]. - Trade receivables turnover days decreased to 24 days from 28 days in the previous year[63]. - Inventory turnover days increased to 106 days from 103 days in the previous year[63]. - Operating expenses to sales ratio increased to 18.4% from 16.0% in the previous year[63]. Future Outlook - The Group plans to open a third "Gyumai" restaurant in the second half of 2022, anticipating a rebound in business as social distancing measures are relaxed[56]. - The company provided a positive outlook for the upcoming year, projecting a revenue growth of 10% to 12% for fiscal year 2023[180]. - New product launches are expected to contribute an additional HKD 200 million in revenue, with a focus on expanding the product line in the health food sector[180]. - The board of directors emphasized the importance of sustainability in operations, aiming to reduce carbon emissions by 15% over the next three years[180].

Hong Kong Food Investment Holdings Limited 香 港 食 品 投 資 控 股 有 限 公 司 swtcate™ INTERIM REPORT 2021-22 中期報告 The board of directors (the "Board") of Hong Kong Food Investment Holdings Limited (the "Company") presents the unaudited condensed consolidated statement of financial position as at 30 September 2021 of the Company and its subsidiaries (collectively referred to as the "Group") and the unaudited condensed consolidated statement of profit or loss, unaudited condensed consolidated statement of comprehensive ...

Hong Kong Food Investment Holdings Limited 香 港 食 品 投 資 控 股 有 限 公 司 swtcate™ ANNUAL REPORT 2021 年 報 Contents 目錄 1 Corporate Information 公司資料 2-3 Chairman's Statement 主席報告 4-7 Management Discussion and Analysis 管理層討論及分析 8-13 Report of the Directors 董事會報告 14-29 Corporate Governance Report 企業管治報告 30-44 Independent Auditor's Report 獨立核數師報告 45-49 Audited Financial Statements 經審核財務報告 Consolidated Statement of Profit or Loss 綜合損益表 50 Consolidated Statement of Comprehensive Income 綜合全面收益表 51 Consolidated Statement o ...

Hong Kong Food Investment Holdings Limited alling Interim Report 2020-21 中期報告 The board of directors (the "Board") of Hong Kong Food Investment Holdings Limited (the "Company") presents the unaudited condensed consolidated statement of financial position as at 30 September 2020 of the Company and its subsidiaries (collectively referred to as the "Group") and the unaudited condensed consolidated statement of profit or loss, unaudited condensed consolidated statement of comprehensive income, unaudited condens ...

Hong Kong Food Investment Holdings Limited all Re Annual Report 2020 年報 Contents 目錄 Corporate Information 公司資料 2-3 Chairman's Statement 主席報告 4-7 Management Discussion and Analysis 管理層討論及分析 8-11 Report of the Directors 董事會報告 12-27 Environmental, Social and Governance Report 環境、社會及管治報告 28-36 Corporate Governance Report 企業管治報告 37-50 Independent Auditor's Report 獨立核數師報告 51-56 Audited Financial Statements 經審核財務報告 Consolidated Statement of Profit or Loss 綜合損益表 57 Consolidated Statement of Comprehensive Income 綜合全 ...

SIF H Hong Kong Food Investment Holdings Limited A lnterim Ｒｅport ２０１９−２０ 中 期 報 告 The board of directors (the "Board") of Hong Kong Food Investment Holdings Limited (the "Company") presents the unaudited condensed consolidated statement of financial position as at 30 September 2019 of the Company and its subsidiaries (collectively referred to as the "Group") and the unaudited condensed consolidated statement of profit or loss, unaudited condensed consolidated statement of comprehensive income, unaudited con ...

EST FIFT Hong Kong Food Investment Holdings Limited 4A Annual Report 2019 年報 Contents 目錄 1 | --- | --- | |-------------------------------------------------------------------|-------| | | | | Corporate Information 公司資料 2-3 | | | Chairman's Statement 主席報告 4-6 | | | Management Discussion and Analysis 管理層討論及分析 7-10 | | | Report of the Directors 董事會報告 11-26 | | | Environmental, Social and Governance Report 環境、社會及管治報告 | 27-34 | | Corporate Governance Report 企業管治報告 35-47 | | | Independent Auditor's Report 獨立核數師報告 ...