Financial Performance - For the year ended March 31, 2023, the Group's turnover was HK$683.5 million, a decrease of 13% compared to HK$781.2 million in 2022[18]. - The loss attributable to shareholders was HK$175.7 million, compared to a profit of HK$3.8 million in the previous year[18]. - The decline in turnover was primarily due to reduced revenue in the restaurant and food business, significantly impacted by COVID-19 lockdowns[18]. - The Group faced increased finance costs due to rising interest rates on bank borrowings[18]. - The Group's net assets decreased to HK$3.6 billion from HK$4.1 billion in the previous year[4]. - Total assets were reported at HK$6.5 billion, down from HK$7.1 billion in 2022[4]. - The Group's basic loss per share was HK$11.18, compared to earnings of HK$0.25 per share in the previous year[4]. Rental and Property Income - Rental income from the property segment increased by 2% during the year, attributed to the gradual normalization of tenancy business as COVID-19 restrictions were lifted[20]. - The Group recorded a 2% increase in rental income due to the normalization of leasing activities following the easing of COVID-19 restrictions[22]. - The Guangzhou South Station commercial property achieved 100% occupancy, contributing significantly to the Group's rental income[25]. - The property segment's turnover for the year ended March 31, 2023, was HK$109,021,000, representing a 4% increase from HK$105,026,000 in 2022[155]. - Rental income from investment properties for the year was HK$96,045,000, up 2% from HK$94,298,000 in the previous year[155]. - The segment loss for the year was HK$96,642,000, compared to a profit of HK$56,990,000 in the prior year, primarily due to a net loss on investment property valuation of approximately HK$60,138,000[155]. Business Segment Performance - The food and restaurant business segment experienced a 15% decrease in turnover, primarily due to disruptions from COVID-19, with segment profit down 82%[28]. - The food business turnover decreased by 23%, largely attributed to reduced mooncake sales, while the bakery business in Hong Kong saw an 8% increase[32]. - The overall restaurant turnover decreased by 5%, impacted by the closure of loss-making shops and a slower economic recovery in Hong Kong[33]. - The turnover of the restaurant, food, and hotel segment for the year ended 31 March 2023 was HK$574,461,000, a decrease of 15% from HK$676,144,000 in 2022[169]. - The segment profit for the year was HK$8,970,000, reflecting an 82% decrease from HK$51,070,000 in the previous year, primarily due to reduced mooncake sales[169]. - The food business turnover decreased by 23% to HK$283,257,000 from HK$368,361,000 in 2022, mainly due to the impact of COVID-19 lockdowns on mooncake sales[176]. - The bakery business in Hong Kong recorded an 8% increase in sales to HK$129,776,000 from the previous year[180]. - The restaurant business recorded a slight operating loss of HK$559,000 compared to a loss of HK$19,389,000 in the previous year, indicating a recovery trend[170]. - The hotel business recorded a turnover of HK$20,937,000, a decrease of 6% from HK$22,191,000 in 2022[186]. - The operating loss for the two hotels was HK$18,929,000, reduced by 22% from HK$24,234,000 in 2022[186]. - Both hotels achieved positive operating cash flows during the year, with increased room rent and occupancy following the lifting of COVID-19 restrictions[186]. Strategic Outlook and Development - Management remains cautiously optimistic about the economic outlook, despite uncertainties such as inflation and rising interest rates[34]. - The Group plans to focus on business development in the Greater Bay Area, leveraging established brands to expand its restaurant business[35]. - The Group's food business is expected to become a key driver of profitability and growth, with plans to introduce new products and expand production capacity[40]. - Effective cost control measures will be implemented to enhance competitiveness and sustain business growth in Hong Kong and Mainland China[41]. - The Group plans to expand its food business in the mainland market, with new products and elements being introduced[42]. - The advanced Hainan food factory's bread production line is now operational, with plans to produce Hainan-style packaged foods and Chinese meat products[42]. - The Group remains cautiously optimistic about the economic outlook for the coming year despite economic uncertainties such as inflation and rising interest rates[193]. - Management will focus on business development in the Greater Bay Area, leveraging established branding to expand restaurant operations[194]. - The Group plans to expand its food business in the Mainland market, introducing new products including packaged Hainan style food and Chinese style dry meat products[200]. Governance and Management - The Group's Executive Director, Ma Hung Man, has been responsible for the development of the food business since September 8, 2022, and has extensive management experience in the food and beverage sector[56]. - The Group's Chief Financial Officer, Chen Bingquan, has over 30 years of experience in accounting and financial management, having joined the Group in June 2019[55]. - The Group's restaurant and food production division has been led by Ma Hung Man since 2012, indicating a strong focus on this sector[58]. - The Group's independent non-executive director, Cheung Wah Fung, has over 40 years of experience in the financial market and securities industry, enhancing the Group's governance[62]. - The Group's independent non-executive director, Wong See King, has over 20 years of experience in corporate finance and building hardware, contributing to the Group's strategic insights[61]. - The Group's senior management includes Lee Chor Kwing, who has been managing the food division since 1993, indicating stability in leadership[66]. - Jiang Benhua, appointed as Managing Director of the restaurant group in 2016, has over 30 years of experience in restaurant operation and management, strengthening operational expertise[67]. - The Group has a strong focus on food business development, with key personnel having significant industry experience[56]. - The Group's leadership team includes members with extensive backgrounds in finance, engineering, and management, providing a diverse skill set for strategic decision-making[55][61][62]. - The Group's governance structure is supported by independent directors with substantial experience in finance and investment, ensuring effective oversight[59][62]. - The Board of Directors consists of nine members, including six executive directors and three independent non-executive directors[78]. - The Company has complied with the Corporate Governance Code throughout the accounting period covered by the report[72]. - The Board is responsible for the preparation of financial statements, adopting generally accepted accounting standards in Hong Kong[88]. - The Board has reviewed the financial projections and is not aware of any material uncertainties affecting the Group's ability to continue as a going concern[89]. - The Company held four regular board meetings during the year, with attendance recorded for each director[91]. - The Company has adopted the Model Code for Securities Transactions by Directors, confirming compliance throughout the year[74]. - The directors are subject to retirement by rotation at least once every three years at the annual general meeting[73]. - The Company emphasizes a quality board, sound internal control, transparency, and accountability to shareholders[72]. - The executive directors and senior management are delegated with respective levels of authority regarding corporate strategy and policy[83]. - The Company has a commitment to maintaining high standards of corporate governance as per the Listing Rules[72]. - The board of directors held regular meetings four times a year, with at least 14 days' notice provided to all directors[94]. - During the financial year ended March 31, 2023, all directors participated in training sessions and seminars, enhancing their expertise[100]. - The company has three independent non-executive directors, representing one-third of the board, ensuring a balance of power and independent judgment[106]. - The Audit Committee, established on April 1, 1999, consists of three independent non-executive directors, ensuring compliance with governance standards[111]. - The roles of Chairman and Chief Executive Officer are separated, with Mr. Ma Kai Yum as Chairman and Mr. Liang Rui as CEO for the year ended March 31, 2023[102]. - The company secretary assists in preparing meeting agendas and ensures compliance with applicable rules and regulations[95]. - Independent non-executive directors provide checks and balances to safeguard the interests of the group and its shareholders[105]. - The board committees are provided with sufficient resources to discharge their duties and can seek independent professional advice when necessary[107]. - Directors have full access to information on the group and can obtain independent professional advice whenever deemed necessary[95]. - The company ensures that newly-appointed directors receive orientation materials to understand their duties and responsibilities under the Listing Rules[96]. - The Audit Committee held two meetings during the year, with all members attending both sessions[116]. - The audit fee for Ernst & Young was HK$2,850,000 for 2023, unchanged from 2022, while non-audit service fees were HK$80,000, also unchanged[119]. - The total remuneration for senior management was categorized as follows: 3 individuals earned up to HK$1,000,000, 4 earned between HK$1,000,001 and HK$2,000,000, and 2 earned between HK$2,000,001 and HK$5,000,000[130]. - The Remuneration Committee held two meetings during the year, with full attendance from all members[126]. - The Nomination Committee held one meeting during the year, with all members present[135]. - The Audit Committee reviewed the Group's financial reporting process and internal controls, discussing the annual report for the year ended March 31, 2023[117]. - The total remuneration for directors and senior management is structured to attract and retain key executives, ensuring alignment with the Group's objectives[122]. - The Audit Committee expressed satisfaction with the audit service fee review, process, effectiveness, independence, and objectivity[123]. - The Remuneration Committee made recommendations on executive directors' remuneration packages and terms of employment during the year[128]. - The Nomination Committee aims to enhance the Board's composition by appointing individuals with relevant expertise and experience[134].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 佳寧娜集團控股有限公司 CARRIANNA GROUP HOLDINGS COMPANY LIMITED （於百慕達註冊成立之有限公司） 00126 （股份代號： ） 截至二零二三年三月三十一日止年度業績公告 業績 佳寧娜集團控股有限公司（「本公司」）董事會（「董事會」）欣然宣佈，本公司及其附屬 公司（統稱「本集團」）截至二零二三年三月三十一日止年度之綜合業績連同去年之比 較數字載列如下： 綜合損益表 截至二零二三年三月三十一日止年度 二零二三年 二零二二年 附註 千港元 千港元 3 683,482 781,170 收入 (384,589) (407,152) 銷售成本 298,893 374,018 毛利 ...

Financial Performance - Revenue for the six months ended September 30, 2022, was HK$379.1 million, a decrease of 26.6% compared to HK$516.4 million in the same period of 2021[15]. - Gross profit for the same period was HK$230.1 million, down 27.5% from HK$317.3 million year-on-year[15]. - The company reported a loss before tax of HK$181.7 million, compared to a profit of HK$110.9 million in the previous year[15]. - Loss for the period attributable to owners of the parent was HK$157.6 million, compared to a profit of HK$58.6 million in the same period of 2021[15]. - Basic and diluted loss per share attributable to ordinary equity holders was HK(10.03) cents, compared to HK3.90 cents earnings per share in the prior year[15]. - Total comprehensive loss for the period was HK$444.5 million, compared to a total comprehensive income of HK$106.7 million in the previous year[18]. - The company reported a significant decline in segment results, with a loss of HK$113,577,000 in 2022 compared to a profit of HK$133,391,000 in 2021[47]. - The Group reported a loss attributable to shareholders of HK$157,586,000, compared to a profit of HK$58,609,000 in the previous year[138]. Assets and Liabilities - Total non-current assets decreased from HK$2,522,690,000 to HK$2,253,372,000, a decline of approximately 10.7%[21]. - Total current assets decreased from HK$1,868,039,000 to HK$1,694,709,000, a decline of about 9.3%[21]. - Net current assets decreased from HK$67,379,000 to HK$38,971,000, a decline of approximately 42.2%[24]. - Total liabilities decreased from HK$5,280,960,000 to HK$4,808,967,000, a reduction of about 8.9%[24]. - Net assets decreased from HK$4,078,405,000 to HK$3,618,258,000, a decline of approximately 11.3%[24]. - Equity attributable to owners of the parent decreased from HK$3,929,537,000 to HK$3,464,568,000, a decline of about 11.8%[24]. - Cash and cash equivalents decreased from HK$279,616,000 to HK$219,448,000, a decline of approximately 21.6%[21]. - Total current liabilities decreased from HK$1,800,660,000 to HK$1,655,738,000, a reduction of about 8.1%[24]. - As of September 30, 2022, the Group's consolidated net assets after deduction of non-controlling interests were HK$3,621,704,000, down from HK$4,086,673,000 as of March 31, 2022[165]. Cash Flow - Net cash flows from operating activities decreased to HK$26,997,000, down 63.0% from HK$72,976,000 in the previous year[29]. - Net cash flows used in investing activities improved to HK$17,440,000, significantly better than HK$199,708,000 in the prior period[29]. - Cash and cash equivalents at the end of the period were HK$262,926,000, a decrease from HK$403,441,000 in the previous year[29]. - The Group's free cash and bank balances amounted to HK$219,448,000 as of September 30, 2022, compared to HK$279,616,000 as of March 31, 2022[165]. Segment Performance - Revenue from restaurant, food, and hotel businesses was HK$323,606,000, down 29.7% from HK$460,744,000 in the previous year[47]. - The turnover of the restaurant, food, and hotel segment for the period ended 30 September 2022 was HK$323,606,000, a decrease of 30% from HK$460,744,000 in 2021[151]. - Segment profit for the period was HK$22,635,000, a decrease of 76% from HK$93,734,000 in 2021[151]. - The food business turnover for the period was HK$186,074,000, a decrease of 36% from HK$291,653,000 in 2021[151]. - The bakery business in Hong Kong recorded an increase of 8% in sales to HK$63,948,000 from the same period last year[154]. - The hotel business recorded a turnover of HK$11,086,000, an increase of 6% from HK$10,439,000 in 2021[154]. Strategic Focus and Future Plans - The company is focusing on enhancing its product offerings and expanding its market presence in response to the current financial challenges[11]. - Future strategies include potential market expansion and investment in new technologies to drive growth[11]. - Management is focused on effective cost control measures and adjusting business strategies in response to market changes[165]. - The Group plans to expand its food business in the Mainland market, introducing new products including packaged Hainan style food and Chinese style dry meat products[165]. - Management remains cautiously optimistic about the property business due to limited land supply and strong end-user demand in Hong Kong[160]. Shareholder Information - The Board does not recommend the payment of any interim dividend for the six months ended September 30, 2022, consistent with the previous year[71]. - The Group's share option scheme allows for a maximum of 125,388,753 shares to be issued, representing 7.98% of the issued share capital[95]. - The total number of shares available for issuance under the 2015 Option Scheme is 125,388,753 shares, representing 7.98% of the company's issued share capital[96]. - The maximum entitlement of each participant under the 2015 Option Scheme is limited to 1% of the issued share capital of the Company in any twelve-month period[200]. - The purpose of the 2015 Option Scheme is to motivate eligible participants to optimize their performance efficiency for the benefit of the Group[198].

Financial Performance - For the year ended March 31, 2022, the Group's turnover was HK$781.17 million, a decrease of 2% compared to HK$796.03 million in 2021[15]. - The profit attributable to shareholders was HK$3.82 million, down 95% from HK$81.00 million in the previous year[15]. - The decrease in profit was primarily due to significant property revaluation gains and government subsidies received in the prior year[15]. - Basic earnings per share dropped to 0.25 HK cents from 6.44 HK cents in the previous year[5]. - The Group's revenue for the financial year ended March 31, 2022, was HKD 781.17 million, a decrease of 2% compared to HKD 796.03 million in the previous year[19]. - Shareholders' profit attributable to the Group was HKD 3.82 million, down 95% from HKD 81.00 million in the previous year, primarily due to significant property revaluation gains recorded last year[19]. - The food and restaurant business segment recorded a turnover decrease of 4% from the previous year, with a segment profit decrease of 51% due to disruptions from the fifth wave of COVID-19[22]. - The overall restaurant turnover decreased by 10% to HK$285,592,000 from HK$318,675,000 in 2021, with an operating loss of HK$19,389,000 compared to a profit of HK$10,298,000 last year[175]. - Profit for the group decreased by 49% to HK$6,102,000 from HK$11,942,000 in the previous year, mainly due to the absence of government subsidies received last year[196]. Business Operations and Impact of COVID-19 - The restaurant and hotel business faced severe impacts due to city lockdowns and dine-in restrictions during the COVID-19 pandemic[17]. - The pandemic situation in Hong Kong and Mainland China stabilized in the first half of the financial year but faced intermittent disruptions[16]. - The Group's restaurant and hotel operations experienced significant loss of operating days due to the fifth wave of COVID-19 in the fourth quarter[17]. - The segment profit for the year was HK$51,070,000, reflecting a significant decrease of 51% from HK$105,049,000 in the previous year due to disruptions caused by the fifth wave of COVID-19[174]. - Operating loss for the two hotels increased by 55% to HK$24,234,000 from HK$15,685,000 in the previous year[197]. - Both hotels achieved positive operating cash flows during the year, with occupancy rates gradually increasing as COVID-19 restrictions ease[197]. Asset and Investment Growth - Total assets increased to HK$7,082 million in 2022 from HK$6,772 million in 2021[5]. - Net assets rose to HK$4,078 million in 2022, compared to HK$3,831 million in 2021[5]. - The Group achieved a 10% increase in rental income for the year, attributed to new rental properties added to the portfolio and increased rental income from other investment properties in Mainland China[24]. - The property segment turnover for the year ended March 31, 2022, was HK$105,026,000, representing a 16% increase from HK$90,345,000 in 2021[155]. - Rental income from investment properties increased by 10% to HK$94,298,000 compared to HK$85,490,000 in 2021, attributed to new rental properties added to the portfolio[155]. - The Group recorded a share of revaluation gains from the associate of approximately HK$87,761,000 during the year, with expectations of improved rental rates and property values[155]. Future Outlook and Strategic Plans - Management remains positive yet cautious about the business prospects in the coming year, considering economic uncertainties such as inflation and rising interest rates[35]. - The Group remains cautiously optimistic about the property business, with new projects in Guangzhou and Shum Shui Po expected to provide additional income in the short to medium term[37]. - The food business is anticipated to become a key driver of profitability and growth, with the new bread production line in Hainan now operational and plans to introduce more new products[39]. - Management is focused on expanding its restaurant business in the Greater Bay Area, leveraging strong brand recognition in the region[38]. - The Group plans to allocate additional resources to enhance its brand reputation to drive further business growth[41]. - The company has set a revenue guidance for 2023, projecting an increase of 10% to 12% compared to 2022, aiming for a target revenue range of HKD 1.32 billion to HKD 1.344 billion[55]. - New product launches are expected to contribute an additional HKD 200 million in revenue, with a focus on expanding the product line in the technology sector[55]. - The company is considering strategic acquisitions to enhance its market position, with potential targets identified in the technology and consumer goods sectors[55]. Corporate Governance and Management - The Board of Directors consists of eight members, including five executive directors and three independent non-executive directors as of March 31, 2022[69]. - The Company has complied with the Corporate Governance Code throughout the accounting period covered by the report[67]. - The Company emphasizes a quality board, sound internal control, transparency, and accountability to all shareholders[67]. - The Board is responsible for ensuring continuity of leadership and the development of sound business strategies[74]. - The Company has established three board committees: Audit, Remuneration, and Nomination, each with defined responsibilities[101]. - The Company Secretary assists the Chairman in preparing meeting agendas and ensures compliance with applicable rules and regulations[87]. - The Board conducted semi-annual reviews of the internal control and risk management systems, finding them adequate and effective throughout the year[142]. - The Company has maintained appropriate accounting policies consistently and made reasonable judgments in financial reporting[82]. Product Development and Market Expansion - Management plans to increase production capacity by acquiring additional equipment in the coming year to boost sales[27]. - The advanced Hainan food factory has commenced operations with an automated mooncake production line, significantly increasing production capacity[190]. - The advanced Hainan food factory is also expected to produce packaged Hainan-style food and Chinese-style dry meat products[39]. - The company is investing HKD 50 million in research and development for new technologies aimed at enhancing user experience and operational efficiency[55]. - Market expansion plans include entering two new Asian markets by the end of 2023, with an estimated investment of HKD 100 million[55].

Financial Performance - For the six months ended September 30, 2021, the revenue was HK$516,446,000, an increase of 8.5% from HK$475,968,000 in the same period of 2020[13]. - Gross profit for the same period was HK$317,320,000, compared to HK$288,985,000 in 2020, reflecting a gross margin improvement[13]. - Profit before tax decreased to HK$110,935,000, down 28.7% from HK$155,663,000 in the previous year[13]. - Profit for the period was HK$82,969,000, a decline of 26.8% compared to HK$113,367,000 in 2020[13]. - Earnings per share attributable to ordinary equity holders of the parent was HK$3.90, down from HK$6.95 in the prior year[13]. - Other comprehensive income for the period totaled HK$23,764,000, significantly lower than HK$64,878,000 in the same period last year[16]. - The total comprehensive income for the period attributable to owners of the parent was HK$106,733,000, down from HK$178,245,000 in the previous year[16]. - Profit attributable to ordinary equity holders of the parent for the six months ended 30 September 2021 was HK$58,609,000, down from HK$87,374,000 in the same period last year, representing a decrease of approximately 33%[81]. Revenue Segmentation - Revenue from the restaurant, food, and hotel segment was HK$460,744,000, up 6.3% from HK$433,457,000 in 2020[49]. - The property investment and development segment generated revenue of HK$55,702,000, compared to HK$42,511,000 in 2020, reflecting a 31% increase[49]. - The geographical revenue breakdown shows that revenue from Hong Kong was HK$134,842,000, while revenue from Mainland China was HK$325,902,000[58]. - Total revenue from contracts with customers for the six months ended 30 September 2021 was HK$433,457,000, a significant increase from HK$565,000 in the previous year[61]. Assets and Liabilities - As of September 30, 2021, total non-current assets amounted to HK$4,916,454,000, an increase from HK$4,766,690,000 as of March 31, 2021, reflecting a growth of approximately 3.14%[19]. - Current liabilities totaled HK$1,859,072,000, a decrease from HK$1,947,962,000 as of March 31, 2021, indicating a reduction of about 4.54%[22]. - Net current assets increased to HK$223,148,000 from HK$57,060,000, representing a significant improvement of approximately 292.07%[22]. - The company's net assets stood at HK$3,991,701,000, compared to HK$3,831,208,000 as of March 31, 2021, reflecting a growth of approximately 4.18%[22]. - Total assets less current liabilities reached HK$5,139,602,000, up from HK$4,823,750,000, marking an increase of around 6.56%[22]. Cash Flow and Financing - Net cash flows from operating activities decreased to HK$72,976,000, down 16.1% from HK$87,041,000 in 2020[27]. - Net cash flows used in investing activities amounted to HK$199,708,000, compared to a net inflow of HK$108,771,000 in the previous year[27]. - New bank loans increased to HK$414,714,000, while repayment of bank loans was HK$457,699,000, resulting in a net cash flow from financing activities of HK$79,675,000[27]. - Cash and cash equivalents at the end of the period were HK$403,441,000, an increase from HK$374,397,000 in the previous year[27]. Strategic Initiatives and Outlook - The company continues to focus on enhancing its market presence and exploring new product development opportunities[9]. - Future outlook includes strategic initiatives aimed at improving operational efficiency and expanding market reach[9]. - Management expects improvement in turnover and operating results in the second half of the year due to seasonal factors[166]. - The introduction of COVID-19 vaccines is expected to lead to a gradual easing of restrictions, which management anticipates will result in a rebound in the restaurant and bakery business[179]. Capital and Investments - The Group acquired property, plant, and equipment at a total cost of HK$121,793,000 during the six months ended 30 September 2021, compared to HK$11,482,000 in the same period of 2020, indicating a substantial increase in capital expenditure[84]. - The company issued 3% convertible bonds on 15 July 2021 with a principal amount of HK$75,425,251.80, convertible into 125,708,753 shares at an initial price of HK$0.60[96]. - The Group's capital commitments for property, plant, and equipment amounted to HK$2,320,000, a decrease from HK$19,158,000 as of 31 March 2021[117]. - Properties under development saw a significant increase in commitments to HK$21,956,000 from HK$1,896,000[117]. Management and Governance - The Group's financial statements are prepared in accordance with HKAS 34 and comply with the applicable disclosure requirements of the Listing Rules[29]. - The Group's accounting policies remain consistent with those adopted in the preparation of the annual consolidated financial statements for the year ended March 31, 2021[31]. - Key management personnel compensation totaled HK$7,055,000 for the six months ended 30 September 2021, up from HK$6,302,000 in the same period last year[124].

Financial Performance - For the year ended March 31, 2021, the Group's turnover was HK$796 million, a decrease of 23% compared to HK$1,031 million in 2020[15]. - The profit attributable to shareholders increased by 474% to HK$81 million from HK$14 million in the previous year[15]. - The decrease in turnover was primarily due to the sale of land and construction in progress related to the Lianyungang project and a decline in hotel and restaurant business in Hong Kong[15]. - The improvement in operating profit was attributed to better results from the restaurant, bakery, and hotel businesses during the year[15]. - The Group's revenue for the fiscal year ending March 31, 2021, was HKD 796,026,000, a decrease of 23% compared to HKD 1,031,070,000 in the previous year[19]. - Shareholders' profit increased by 474% to HKD 81,004,000 from HKD 14,123,000 in the previous year, attributed to improved performance in the restaurant, bakery, and hotel sectors[19]. Business Segments Performance - The restaurant business in Mainland China saw a 31% growth in turnover, while the Hong Kong restaurant turnover decreased by 18% due to COVID-19 restrictions[28]. - The "Shun Yi" Shunde cuisine restaurants experienced a significant turnover surge of 158% this year, contributing to the overall recovery in the restaurant segment[28]. - The Group's bakery business recorded an 8% decrease in turnover, but profit increased by 554% due to improved retail performance and government subsidies[27]. - The turnover of the restaurant, food, and hotel segment for the year ended March 31, 2021, was HK$705,681,000, a decrease of 8% from HK$768,403,000 in 2020[180]. - The segment profit for the year was HK$105,049,000, an increase of 364% from HK$22,634,000 in 2020, due to improved operating results and government subsidies[181]. - The overall restaurant turnover decreased by 18% to HK$318,675,000 from HK$389,445,000 in 2020, primarily due to COVID-19 restrictions in Hong Kong[182]. Economic and Market Conditions - The year 2020/2021 faced challenges due to global trade disputes and COVID-19, which disrupted economic activities and weakened local demand[16]. - China's GDP is expected to rise to over 7% in 2021, supporting the Group's business performance recovery[35]. - The Group anticipates continued progress in business performance alongside the recovery of the economy and increasing consumer spending power in Mainland China[36]. Strategic Initiatives and Future Outlook - The Group will focus on business development in the Greater Bay Area, where demand for commercial buildings and office towers remains strong[35]. - New property projects, including the Guangzhou South Station Property and two redevelopment projects in Shum Shui Po, are expected to provide additional income in the short to medium term[35]. - The Group's food business is optimistic about expansion in Mainland China, supported by the new Hainan production facility and a new bread production line that commenced operation in November 2020[38]. - Management remains cautiously optimistic about the restaurant and bakery business performance as the pandemic eases[37]. - Cost control and business strategy adjustments will be implemented to enhance competitiveness in response to market changes[37]. Corporate Governance and Leadership - Liang Rui has been appointed as the Chief Executive Officer and Executive Director since January 2, 2021, bringing nearly 17 years of experience in various senior positions within the Shenzhen Luohu District People's Government[52]. - Chan Francis Ping Kuen has over 30 years of experience in auditing, accounting, and financial management, and was appointed as the Chief Financial Officer and Executive Director on March 1, 2020[53]. - The Company has a strong leadership team with extensive experience in finance and management, including members with backgrounds in multinational corporations and public accountancy[54]. - The independent non-executive directors bring over 30 years of professional experience in financial and investment services across Australia, Hong Kong, and other Asian countries[58]. - The Board of Directors consists of eight members, including five executive directors and three independent non-executive directors as of March 31, 2021[68]. Risk Management and Internal Controls - The Company has established adequate systems of financial and internal controls to ensure compliance with applicable laws and regulations[72]. - The Board conducted semi-annual reviews of the internal control and risk management systems, considering them adequate and effective during the year[143]. - The Board is responsible for maintaining effective risk management and internal control systems to safeguard the Group's assets[142]. Shareholder Communication and Engagement - The Company established various communication channels for shareholders, including an annual general meeting and a dedicated website for timely information access[145]. - The Company allows shareholders to propose or inquire to the Board through written requests sent to its principal place of business in Hong Kong[145].

Financial Performance - Revenue for the six months ended September 30, 2020, was HK$475,968,000, a decrease of 17% compared to HK$572,958,000 for the same period in 2019[13] - Gross profit for the period was HK$288,985,000, down from HK$352,139,000, reflecting a gross margin decline[13] - Profit before tax increased to HK$155,663,000, up 43% from HK$108,587,000 in the previous year[13] - Profit for the period was HK$113,367,000, representing a 60% increase compared to HK$71,033,000 in 2019[13] - Basic earnings per share attributable to ordinary equity holders of the parent was HK$6.95, compared to HK$3.87 for the same period last year[13] - Other comprehensive income for the period amounted to HK$64,878,000, a significant recovery from a loss of HK$198,394,000 in the previous year[15] - Total comprehensive income for the period was HK$178,245,000, compared to a loss of HK$127,361,000 in 2019[15] Cash Flow and Liquidity - The company reported a net cash position, indicating strong liquidity to support future growth initiatives[10] - For the six months ended September 30, 2020, net cash flows from operating activities were HK$87,041, a decrease of 48.3% compared to HK$168,142 in the same period of 2019[30] - The net cash flows from investing activities were HK$108,771, compared to a net outflow of HK$94,543 in the previous year, indicating a significant improvement[30] - Cash and cash equivalents at the end of the period were HK$374,397, down from HK$609,401 at the end of the previous period, reflecting a decrease of 38.5%[30] - The Group's cash and bank balances amounted to HK$374,397,000 as of September 30, 2020, up from HK$245,895,000 as of March 31, 2020[177] Assets and Liabilities - Total non-current assets as of September 30, 2020, amounted to HK$4,786,510, an increase from HK$4,610,121 as of March 31, 2020, representing a growth of approximately 3.8%[19] - Current liabilities totaled HK$2,097,774 as of September 30, 2020, compared to HK$1,742,142 as of March 31, 2020, indicating an increase of about 20.4%[23] - Net current liabilities as of September 30, 2020, were HK$211,217, a decline from net current assets of HK$40,948 as of March 31, 2020[23] - Total equity increased to HK$3,707,361 as of September 30, 2020, up from HK$3,563,004 as of March 31, 2020, reflecting an increase of approximately 4.0%[23] - The Group's total bank borrowings were HK$1,672,409,000 as of September 30, 2020, slightly down from HK$1,675,212,000 as of March 31, 2020[177] Segment Performance - Revenue from restaurant, food, and hotel businesses decreased to HK$433,457,000, down 16.6% from HK$519,761,000 in 2019[53] - The property segment turnover decreased by 20% to HK$42,511,000 from HK$53,197,000 in the previous year[146] - Segment profit for the property segment increased by 14% to HK$55,694,000 from HK$48,688,000 in the previous year[146] - Segment results for restaurant, food, and hotel operations improved to HK$113,126,000, up 35.5% from HK$83,530,000 in 2019[66] Market Outlook and Strategy - The board has not provided specific guidance for the upcoming period but remains optimistic about market recovery and expansion opportunities[10] - The company is focusing on enhancing its product offerings and exploring potential market expansion strategies[10] - The company plans to focus on market expansion and new product development in the upcoming periods[60] - Management remains cautiously optimistic about the prospects of the Group's property investment and restaurant businesses despite economic uncertainties[173] Shareholder Information - The company declared a final dividend for 2020, maintaining shareholder returns despite the challenging market conditions[28] - As of September 30, 2020, Ma Kai Cheung holds a total of 533,181,446 shares, representing 42.41% of the company's issued share capital[187] - Ma Kai Yum owns 215,518,189 shares, accounting for 17.14% of the company's issued share capital[187] - The shareholding structure indicates significant family interests, with Ma Kai Cheung and Ma Kai Yum being beneficiaries of discretionary trusts owning substantial shares[189] Operational Challenges - The decrease in turnover was mainly due to the impact of COVID-19 on restaurant and hotel business turnover and rental income[145] - The restaurant turnover fell by 34% to HK$141,300,000 from HK$215,475,000, primarily due to COVID-19 restrictions[162] - The hotel business turnover fell by 58% to HK$8,471,000 from HK$19,952,000 in 2019, with operating loss reduced by 36% to HK$8,085,000[171] Employee and Management Information - The total compensation paid to key management personnel for the six months ended September 30, 2020, was HK$6,302,000, a decrease from HK$7,773,000 in the same period of 2019[120] - The Group's staff consisted of approximately 600 employees in Hong Kong and 1,100 employees outside Hong Kong as of September 30, 2020[182]

Financial Performance - For the year ended March 31, 2020, the Group's turnover was HK$1,031 million, an increase of 6% compared to HK$970 million in 2019[17] - Profit attributable to shareholders decreased by 95% to HK$14 million from HK$278 million in the previous year[17] - The Group's revenue for the fiscal year ended March 31, 2020, was HKD 1,031,070,000, representing a 6% increase from HKD 970,210,000 in 2019. However, the profit attributable to shareholders decreased by 95% to HKD 14,123,000 from HKD 277,958,000 in the previous year[20] - Basic earnings per share dropped to 1.12 cents from 22.12 cents in the previous year[7] - The Group reported a loss of HK$21,857,000 for the year, compared to a loss of HK$4,666,000 in 2019[199] Impact of COVID-19 - The significant decline in operating profit was attributed to the impact of COVID-19 and social events on the restaurant and hotel sectors[17] - The food and restaurant segment recorded a 10% decrease in turnover due to the impact of the COVID-19 outbreak, with significant declines in mooncake sales and restaurant operations[28] - The overall restaurant turnover decreased by 8% from the previous year, with the Carrianna Chinese restaurant business in Mainland China shut down for nearly two months due to COVID-19[31] - The Group's rental income decreased by 7% due to rental concessions provided to tenants in Shenzhen during the last quarter of the year[26] - The business was significantly affected by social events in Hong Kong and the outbreak of COVID-19[199] Property Development and Investment - The Group continued to focus on property investment and development in the Guangdong-Hong Kong-Macau Greater Bay Area[19] - Construction of a 13-storey commercial building at Guangzhou South high-speed train station is scheduled for completion in Q4 2020, expected to generate additional rental income[19] - The residential property redevelopment project at Haitan Street, Sham Shui Po, has a buildable gross floor area of 42,500 sq.ft., with completion expected by mid-2023[24] - Approximately 90% of property ownership for the Castle Peak Road redevelopment project has been acquired, with completion expected by mid-2024[25] - The Group anticipates additional income from the new Guangzhou South Station property and two redevelopment projects in Sham Shui Po in the short to medium term[37] Restaurant and Food Business - The external turnover of the restaurant, food, and hotel segment for the year ended March 31, 2020, was HK$768,403,000, a decrease of 10% from HK$855,723,000 in 2019[185] - Segment profit for the year was HK$22,634,000, a decrease of 76% from HK$93,795,000 in 2019[185] - The overall restaurant turnover for the year was HK$389,445,000, down 8% from HK$424,155,000 in 2019[186] - The Carrianna Chinese restaurant group recorded a revenue decrease of 13% to HK$166,808,000 from the previous year[187] - The Group's restaurant business recorded a loss of HK$48,550,000 for the year, compared to a loss of HK$8,044,000 in the previous year[186] Management and Governance - The Board of Directors as of March 31, 2020, comprised eight members, including four executive directors, one non-executive director, and three independent non-executive directors[76] - The company emphasizes maintaining a high standard of corporate governance in compliance with the Corporate Governance Code, ensuring transparency and accountability to all shareholders[68] - The Company has a structured governance framework with defined terms of reference for its Board committees, including the Audit, Remuneration, and Nomination Committees[104] - The Board has established checks and balances through the participation of non-executive directors to safeguard shareholder interests[98] - The Company Secretary ensures compliance with applicable rules and regulations and assists in preparing meeting agendas[87] Future Outlook and Strategies - Management remains cautiously optimistic about the prospects of the Group's property investment and development business despite economic uncertainties[35] - The restaurant and bakery businesses are expected to improve significantly in the coming year as lockdowns ease and business activities resume[39] - The advanced food factory in Hainan is expected to produce packaged Hainan-style food and Chinese-style dry meat products starting in 2021, diversifying the food business[29] - The Group plans to open two to three new Delicious restaurants in the coming year to boost sales following the closure of four loss-making locations[34] - Management closed four loss-making restaurants and one noodle shop in March and April 2020, with plans to open two to three new restaurants in the coming year[36]

Financial Performance - Revenue for the six months ended September 30, 2019, was HK$572,958,000, a decrease of 3.4% from HK$590,471,000 in the same period of 2018[13] - Gross profit for the period was HK$352,139,000, down from HK$381,085,000, reflecting a decline of 7.6%[13] - Profit for the period was HK$71,033,000, a decrease of 32.3% compared to HK$104,767,000 in the previous year[13] - Earnings per share attributable to ordinary equity holders was HK$3.87, down from HK$6.22, representing a decline of 37.7%[13] - The company reported a profit before tax of HK$108,587,000, down from HK$126,379,000, indicating a decrease of 14.1%[13] - The adjusted profit before tax for the group was HK$108,587,000, down from HK$126,379,000, reflecting a decrease of about 14.1%[89] - The group reported a segment profit of HK$83,530,000 from the restaurant, food, and hotel segment, down from HK$102,649,000, a decline of approximately 18.6%[89] - The group incurred finance costs of HK$37,410,000, compared to HK$24,901,000 in the previous year, representing an increase of approximately 50.5%[89] - The Group's profit attributable to shareholders was HK$48,600,000, a decrease of 38% from the same period last year[173] - Operating profit attributable to shareholders, excluding certain losses and gains, was HK$8,563,000, a decrease of 85% from the same period last year[173] Comprehensive Loss - Total comprehensive loss for the period was HK$127,361,000, compared to a loss of HK$154,117,000 in the same period last year[16] - Other comprehensive loss included exchange differences on translation of foreign operations amounting to HK$139,093,000[16] - The total comprehensive loss for the period was reported, with significant contributions from foreign exchange differences and changes in fair value of equity investments[26] - The fair value reserve decreased to HK$65,026,000, impacted by a loss of 72,542,000[26] - The Group reported a total comprehensive loss for the period, influenced by various factors including foreign operations[26] Assets and Liabilities - The company’s total assets as of September 30, 2019, will be detailed in the upcoming financial position statement[19] - Total non-current assets as of September 30, 2019, amounted to HK$4,657,618, an increase from HK$4,517,760 as of March 31, 2019, representing a growth of 3.1%[20] - Current liabilities totaled HK$2,156,228 as of September 30, 2019, compared to HK$1,676,953 as of March 31, 2019, indicating an increase of 28.6%[22] - Net current assets decreased to HK$29,022 as of September 30, 2019, down from HK$66,989 as of March 31, 2019, reflecting a decline of 56.6%[22] - Total equity as of September 30, 2019, was HK$3,664,838, a decrease from HK$3,830,066 as of March 31, 2019, showing a reduction of 4.3%[22] - The company reported a total of HK$1,021,802 in non-current liabilities as of September 30, 2019, up from HK$754,683 as of March 31, 2019, which is an increase of 35.4%[22] - Cash and cash equivalents were HK$595,851 as of September 30, 2019, compared to HK$126,259 as of March 31, 2019, representing a significant increase of 371.5%[20] - The company’s total current assets increased to HK$2,185,250 as of September 30, 2019, from HK$1,743,942 as of March 31, 2019, marking a growth of 25.3%[20] - The company’s total assets less current liabilities stood at HK$4,686,640 as of September 30, 2019, compared to HK$4,584,749 as of March 31, 2019, indicating an increase of 2.2%[22] Cash Flow - Net cash flows from operating activities for the six months ended September 30, 2019, were HK$168,142, compared to HK$27,673 in the same period of 2018, representing a significant increase[29] - The net cash flows used in investing activities amounted to HK$94,543, an increase from HK$79,005 in the previous year[29] - Cash and cash equivalents at the end of the period were HK$609,401, up from HK$256,618 at the end of the same period in 2018, indicating strong liquidity[29] - New bank loans totaled HK$663,574, while repayments of bank loans were HK$161,871, resulting in a net cash inflow from financing activities of HK$436,938[29] Segment Performance - Revenue from the restaurant, food, and hotel segment was HK$519,761,000, down from HK$537,704,000, representing a decline of approximately 3.5%[93] - Property investment and development segment revenue was HK$53,197,000, compared to HK$52,767,000 in 2018, showing a slight increase of 0.8%[89] - Revenue from contracts with customers totaled HK$519,761,000, which includes HK$273,399,000 from restaurant and bakery operations[98] - The geographical revenue breakdown shows HK$203,762,000 from Hong Kong and HK$315,999,000 from Mainland China[98] - The turnover of the restaurant, food, and hotel segment for the period ended September 30, 2019, was HK$519,761,000, a decrease of 3% from HK$537,704,000 in the same period last year[193] - Segment profit for the period was HK$83,530,000, down 18% from HK$102,649,000 in the previous year, mainly due to a drop in profit from the mooncake business and increased operating losses in the hotel sector[193] Investments and Developments - The Group's principal activities include investment holding, property investment and development, and operations in the hotel and restaurant sectors[31] - The Group entered into a pre-sale agreement for a 13-storey commercial building at Guangzhou South Station, expected to be completed in Q4 2020, with a total gross floor area of 9,203 sq.m.[181] - The Group is developing a property redevelopment project at Haitan Street, Sham Shui Po, with a site area of 4,729 sq.ft. and expected completion in mid-2022[186] - The Group has also entered into a redevelopment project at Castle Peak Road, with a site area of 4,709 sq.ft. and expected completion by the end of 2023[187] - Management remains cautiously optimistic about the investment property market, driven by economic development in the Greater Bay Area and low interest rates[188] Shareholder Information - The weighted average number of ordinary shares in issue during the period was 1,257,087,536, slightly up from 1,256,224,148 in 2018[118] - No interim dividend was recommended for the six months ended September 30, 2019, consistent with the previous year[109] - The Group's issued share capital remained unchanged at 1,257,087,536 ordinary shares as of September 30, 2019, with a total value of HK$125,709,000[132] - No share options were granted during the six months ended September 30, 2019, under the 2015 Option Scheme, which allows for a maximum of 125,388,753 shares to be issued[138] - The outstanding share options as of September 30, 2019, totaled 14,200,000 shares, representing approximately 1.1% of the Company's shares in issue[142] Financial Instruments and Fair Value - The fair value of financial assets measured at fair value through profit or loss was HK$249,245,000 as of September 30, 2019[165] - The fair value of equity investments designated at fair value through other comprehensive income was HK$167,869,000 as of September 30, 2019[165] - The Group's financial instruments include significant observable inputs valued at HK$167,086,000 as of September 30, 2019[165] - The Group's management is responsible for determining the policies and procedures for fair value measurement of financial instruments[160]

81: o de Carrianna Group Holdings Company Limited 佳寧娜集團控股有限公司 Annual Report 2019 年報 Stock Code 股份代號 : 00126 Contents 目錄 佳寧娜集團控股有限公司 | 2019年報 | --- | --- | --- | |------------------------------------------------|------------------------|-----------------| | | | 目錄 \nContents | | Financial Highlights | 財務概要 | 2 | | Corporate Information | 公司資料 | 3 | | Chairman's Statement | 主席報告 | 5 | | Director and Senior Management's Biographies | 董事及高級管理人員簡歷 | 8 | | Corporate Governance Report | 企業管治報告 | 13 | | Business Re ...