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佳宁娜(00126) - 2021 - 年度财报
2021-07-22 08:34
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].
佳宁娜(00126) - 2021 - 中期财报
2020-12-17 08:30
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]
佳宁娜(00126) - 2020 - 年度财报
2020-07-23 08:51
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]
佳宁娜(00126) - 2020 - 中期财报
2019-12-17 08:44
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]
佳宁娜(00126) - 2019 - 年度财报
2019-07-23 11:06
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 ...