Financial Performance - Retail sales revenue reached HKD 2,798,792,000, representing a slight decrease from HKD 2,892,753,000 in the previous year, maintaining 99.0% of total revenue[14] - The group's revenue for the year reached HKD 2,825,994,000, a decrease of 3.2% compared to the previous fiscal year due to high demand for anti-epidemic supplies during the fifth wave of COVID-19 in Hong Kong[166] - The annual profit amounted to HKD 181,875,000, an increase of 26.7% to HKD 149,938,000 when excluding the wage subsidy income from the Hong Kong government's "Employment Support Scheme"[153] - The gross profit margin rose to 46.4%, up from 45.7% in the previous year[154] - The total borrowings of the group decreased to HKD 13,381,000 from HKD 21,767,000 in the previous year, resulting in a debt-to-equity ratio of 2.26%[124] - Cash and cash equivalents stood at HKD 402,310,000, slightly down from HKD 416,923,000 in the previous year[156] - The group reported profitability across its major markets, including Hong Kong, Singapore, and Macau[155] - The company has maintained its dividend payout level despite challenges faced during the fiscal year[187] - The board proposed a final dividend of HKD 0.08 per share and a special dividend of HKD 0.02 per share, totaling HKD 0.10 per share, with a total dividend of HKD 0.22 per share for the year[156] Market Expansion and Strategy - Macau's revenue increased by 9.3% to HKD 50,878,000, driven by growth in food, beverage, and personal care product sales[15] - The company plans to continue expanding its retail network in Hong Kong, Singapore, and Macau, leveraging its established brand and supplier network[6] - The company is optimistic about the profitability prospects in the Singapore market and is exploring various ways to broaden revenue sources[17] - The company aims to explore new business opportunities and enhance its market position in the home goods retail sector[24] - The group continues to focus on expanding its FMCG supply, including food and beverages, personal care products, and household cleaning supplies, to strengthen its market share[130] - The company is focusing on expanding its health and wellness product lines, responding to increased consumer spending in this category post-pandemic[188] - The company plans to enhance its product offerings in travel-related accessories, anticipating sustained strong demand in the travel sector[188] Operational Efficiency and Innovation - The company aims to enhance operational efficiency and productivity while providing diverse and quality services to customers[2] - The logistics and distribution center restructuring is expected to improve overall distribution capacity for future business growth[7] - The company has restructured its logistics and distribution centers to improve supply chain efficiency, which is expected to enhance overall distribution capabilities for future business growth[196] - The company is investing in new technologies, including the implementation of a digital price tag system and expanding self-checkout machines across all stores to improve operational efficiency[198] - The company has integrated a "SAP ERP" system to enhance operational efficiency and productivity[198] - The group is committed to enhancing its operational systems through technology improvements[131] Leadership and Governance - The company reported a significant contribution from its co-founder and CEO, Ms. Wei, who has been instrumental in developing the business since its inception in 1991[24] - The company has established a solid foundation for further business expansion and market penetration, leveraging Ms. Wei's personal relationships and networks[24] - The company’s board includes experienced members such as Mr. Liu, who has over 40 years of experience in wholesale and retail, and has held senior positions in major retail companies[29] - The Chief Financial Officer, Mr. Zheng, has over 30 years of accounting and financial experience, ensuring robust financial management within the company[27] - The board's composition includes independent non-executive directors with extensive experience in retail and management, contributing to sound governance[28] - The independent non-executive directors have confirmed that the ongoing connected transactions are conducted on normal commercial terms and are fair and reasonable[95] Shareholder Information - The company reported a total of 724,023,000 shares issued as of April 30, 2023[51] - Hiluleka Limited holds 324,000,000 shares, representing 44.75% of the company's equity as of April 30, 2023[56] - David Michael Webb controls 50,603,000 shares, accounting for 6.99% of the company's equity[56] - The total equity held by Ms. Wei Lixia is 362,702,000 shares, representing 50.10% of the company[59] - Mr. Liu Baihui holds a total equity of 350,570,000 shares, which is 48.42% of the company[59] - The company has a commitment to transparency regarding shareholdings and interests of directors and senior management[52] Stock Options and Incentives - The company has granted options for a total of 280,000 shares that remain unexercised as of April 30, 2023[73] - The share options plan allows for a maximum of 10% of the total issued shares to be granted, equating to 72,000,000 shares, unless otherwise approved by shareholders[62] - As of the report date, 65,325,125 shares, or approximately 9.0% of the issued capital, are available for issuance under the share option plan[62] - The total number of stock options granted during the year was 2,265,000, with a weighted average closing price of HKD 2.588 per share prior to the vesting date[82] - The company has a stock reward plan that allows for a maximum of 5% of the issued share capital to be granted as stock rewards, with individual employees limited to a maximum of 1%[80] - The total number of stock rewards available for grant at the beginning and end of the year was approximately 13,467,450 shares and 11,255,150 shares, respectively, representing about 1.9% and 1.6% of the issued share capital[81] Challenges and Resilience - The company maintains a positive outlook for medium to long-term development despite challenges faced in the fourth quarter[8] - The company has implemented immediate measures to address labor shortages, including reviewing employee benefits and recruitment strategies[7] - The group demonstrated strong resilience during the COVID-19 pandemic, adapting and growing in a volatile market[200] - The strategy of providing a diverse range of essential goods at competitive prices proved effective in a fluctuating market[200] - Measures such as optimizing product mix, enhancing global product supply, and improving sales efficiency yielded positive results[200]

Financial Performance - The group's profit for the year reached HKD 181,875,000, an increase of 26.7% compared to the pre-pandemic fiscal year ending April 30, 2019, excluding government wage subsidies[1] - The group's annual revenue for the year ended April 30, 2023, was HKD 2,825,994,000, a decrease of 3.2% compared to the previous fiscal year due to a high base from the COVID-19 pandemic[18] - Annual profit attributable to shareholders was HKD 181,571, a decline of 17.8% from HKD 220,822 in the prior year[47] - The operating profit decreased to HKD 225,454, down 18.9% from HKD 278,115 in the previous year[47] - Total comprehensive income for the year ended April 30, 2023, was HKD 176,834,000, down from HKD 219,226,000 in the previous year, representing a decline of 19.2%[67] Revenue Breakdown - The group's revenue for the year was HKD 2,825,994,000, the second highest in history, with a gross margin of 46.4%, up from 45.7% in the previous year[5] - Revenue from the Hong Kong market reached HKD 2,485,838,000, representing a 4.5% real growth, with Hong Kong accounting for 88.0% of total group revenue[39] - In Singapore, revenue increased by 8.9% to HKD 289,278,000, with gross profit rising by 12.6% to HKD 124,576,000[41] - The group's Macau business recorded a revenue increase of 9.3% to HKD 50,878,000, driven by sales growth in food, beverages, and personal care products[14] Cash and Financial Position - The group's cash and cash equivalents stood at HKD 402,310,000 as of April 30, 2023, compared to HKD 416,923,000 on April 30, 2022[2] - The group maintained a strong financial position with cash and cash equivalents of HKD 402,310,000 as of April 30, 2023, compared to HKD 416,923,000 a year earlier[25] - The total assets as of April 30, 2023, amounted to HKD 1,777,438, an increase from HKD 1,738,760 in the previous year[49] - The total liabilities increased to HKD 873,035,000 as of April 30, 2023, compared to HKD 843,905,000 in 2022, marking a rise of 3.9%[70] Dividends - The group proposed a final dividend of HKD 0.08 per share and a special dividend of HKD 0.02 per share, totaling HKD 0.10 per share, resulting in a total dividend of HKD 0.22 per share for the year[20] - The total dividends for the year amount to HKD 158,302,000, down from HKD 191,784,000 in the previous year, reflecting a decrease of 17.5%[120] Operational Strategies - The group plans to continue developing its own brand products and expanding into new categories, including health and fitness, to maintain market competitiveness[6] - The group is enhancing its online platform services and expanding product offerings to provide a seamless shopping experience[9] - The group is focusing on developing OEM products to build brand loyalty and increase overall sales and profits[17] - The company plans to enhance operational efficiency through the implementation of a digital price tag system and expansion of self-checkout machines across all stores[46] Employee and Cost Management - The total employee cost for the year was HKD 421,958,000, an increase from HKD 405,825,000 in the previous year, with approximately 2,146 employees as of April 30, 2023[29] - Employee benefits expenses, including director remuneration, increased to HKD 421,958,000 in 2023 from HKD 405,825,000 in 2022, a rise of 4.0%[89] Market Outlook - The group is optimistic about future growth in the Singapore market and is exploring various ways to broaden its revenue sources[43] - The group aims to expand its retail network in Hong Kong, Singapore, and Macau, leveraging its established brand recognition and supplier network[28] Corporate Governance - The company has adopted all code provisions of the Corporate Governance Code as per the Listing Rules, emphasizing the importance of good corporate governance[140] - The company confirmed compliance with the standards set out in the Securities Transactions Code for directors for the fiscal year ending April 30, 2023[141] Miscellaneous - The company expressed gratitude to its employees for their hard work during the COVID-19 pandemic, highlighting their commitment to serving the public[143] - The company will publish its annual report for the fiscal year ending April 30, 2023, at an appropriate time, available on the Stock Exchange and the company's website[142]

Financial Performance - The group's revenue reached a record high of HKD 1,386,665,000, representing a growth of 5.5% compared to HKD 1,314,301,000 in the previous year[7]. - Adjusted profit increased by 10.3% to HKD 83,744,000, up from HKD 75,901,000 in the previous year, excluding COVID-19 related subsidies[8]. - The profit attributable to equity holders increased by 16.0% to HKD 110,350,000 for the period, compared to HKD 95,141,000 in 2021/22[29]. - The group's gross profit rose by 5.0% to HKD 646,953,000, up from HKD 616,416,000 in 2021/22[30]. - Net profit for the period was HKD 109,866,000, a rise of 14.3% from HKD 96,104,000 in the prior year[49]. - Operating profit increased to HKD 135,760,000, representing a growth of 13.6% compared to HKD 119,470,000 in the previous year[49]. - Basic earnings per share increased to HKD 15.37, up from HKD 13.26, reflecting a growth of 15.9%[49]. - The company reported a total comprehensive income of HKD 105,809,000 for the period, compared to HKD 96,365,000 in the previous year, indicating an increase of 9.5%[49]. Revenue Sources - Revenue from the Hong Kong market grew by 5.6% to HKD 1,227,140,000, with same-store sales increasing by 4.5%[21]. - In Singapore, revenue increased by 7.1% to SGD 24,036,000, with same-store sales growth of 13.8% despite a reduction in store count from 49 to 46[22]. - The group recorded revenue of HKD 24,469,000 from its Macau operations, an increase from HKD 22,726,000 in 2021/22[43]. - Retail sales revenue, including consignment commission income, reached HKD 1,365,174,000, representing 98.5% of total revenue, compared to 99.3% in 2021/22[39]. - Revenue for the six months ended October 31, 2022, was HKD 1,386,665,000, an increase of 5.5% from HKD 1,314,301,000 in the same period of 2021[49]. Dividends and Shareholder Returns - The board declared an interim dividend of HKD 0.12 per share, an increase of 14.3% compared to the previous special dividend of HKD 0.042 per share[9]. - The company declared an interim dividend of 12.0 HKD cents per share, totaling approximately HKD 86,380,000, compared to HKD 105,600,000 in the previous year[138]. Employee and Operational Costs - The total employee cost for the period was HKD 192,564,000, compared to HKD 187,603,000 in the previous year, with approximately 2,061 employees[18]. - Employee benefit expenses, including director remuneration, rose to HKD 192,564,000 from HKD 187,603,000, indicating an increase of about 2.1%[135]. - Short-term employee benefits increased to HKD 7,388,000 for the six months ended October 31, 2022, compared to HKD 7,111,000 in the same period of 2021, reflecting a growth of approximately 3.9%[199]. - Other long-term benefits rose significantly to HKD 718,000, up from HKD 405,000, marking an increase of approximately 77.3%[199]. Liquidity and Financial Position - The group’s liquidity ratio improved to 1.6, up from 1.5 in the previous period, with total borrowings at HKD 21,139,000[16]. - The group maintained a strong cash position with cash and cash equivalents amounting to HKD 468,846,000 as of October 31, 2022, up from HKD 416,923,000 on April 30, 2022[35]. - Cash and cash equivalents increased to HKD 468,846,000 from HKD 416,923,000, reflecting a growth of approximately 12.4%[51]. - Operating cash flow for the six months ended October 31, 2022, was HKD 310,881,000, a decrease from HKD 323,173,000 in 2021, representing a decline of approximately 3.9%[55]. Strategic Initiatives - The group is actively expanding its product range, including more fast-moving consumer goods and OEM products, to enhance sales and profit margins[14]. - The group plans to launch a new logistics distribution center in Hong Kong's Kwai Chung ATL Logistics Center in the first half of 2023 to improve supply chain operations[28]. - The company plans to continue expanding its retail network, particularly in newly developed residential areas and public housing projects in Hong Kong[58]. - The company aims to enhance its product categories by increasing offerings of fast-moving consumer goods and OEM products to drive sales and improve gross margins[63]. - The group aims to provide a seamless shopping experience by integrating online and offline inventory records and enhancing its e-commerce platform[44]. Market Performance and Outlook - The company maintains a positive outlook for medium to long-term growth, focusing on markets in Hong Kong, Singapore, and Macau, with plans to open new stores in high-potential areas[59]. - In Singapore, despite the removal of retail subsidies, the company reported improved performance compared to the same period last year, indicating resilience in this strategic market[61]. Financial Management and Accounting - The group’s financial risk management policies have not undergone any significant changes since the last fiscal year-end[88]. - The group has adopted revised accounting standards effective from May 1, 2022, with no significant impact on previously reported amounts[84]. - The group is currently evaluating the impact of new accounting standards that will become effective on January 1, 2023, with preliminary conclusions indicating no significant impact on operational performance[86]. - The group’s management has made significant judgments and estimates in preparing the interim financial information, consistent with the previous fiscal year[87]. Assets and Liabilities - Total assets as of October 31, 2022, were HKD 1,735,259,000, slightly down from HKD 1,738,760,000 at April 30, 2022[51]. - Total liabilities decreased from HKD 843,905,000 as of April 30, 2022, to HKD 816,773,000 as of October 31, 2022, representing a reduction of approximately 3.9%[102]. - Trade payables were HKD 183,524,000 as of October 31, 2022, compared to HKD 176,111,000 on April 30, 2022[155]. Customer and Market Insights - The company’s largest customer accounted for less than 10% of total revenue for the periods ended October 31, 2022, and 2021, indicating a diversified customer base[118]. - The group’s main market remains Hong Kong, contributing 88.5% to total revenue, slightly up from 88.4% in 2021/22[40].

Financial Performance - The group's revenue reached a record high of HKD 1,386,665,000, representing a growth of 5.5% compared to HKD 1,314,301,000 in the previous period[3] - Profit attributable to equity holders increased by 16.0% to HKD 110,350,000, up from HKD 95,141,000 in the previous period[4] - Adjusted profit, excluding COVID-19 related subsidies, grew by 10.3% to HKD 83,744,000, compared to HKD 75,901,000 in the previous period[4] - Gross profit rose by 5.0% to HKD 646,953,000, compared to HKD 616,416,000 in the previous period[5] - Operating profit increased to HKD 135,760 thousand, a rise of 13.6% from HKD 119,470 thousand in the previous year[30] - Net profit for the period was HKD 109,866 thousand, reflecting a year-on-year increase of 14.4% from HKD 96,104 thousand[30] - Basic earnings per share rose to HKD 15.37, compared to HKD 13.26 for the same period last year, marking an increase of 15.9%[30] - The company reported a total comprehensive income of HKD 105,809 thousand for the period, up from HKD 96,365 thousand in the previous year, representing a growth of 9.5%[30] Dividends - The board declared an interim dividend of HKD 0.12 per share, an increase of 14.3%[6] - The company declared an interim dividend of 12.0 HKD cents per share, totaling approximately HKD 86,380,000, compared to HKD 105,600,000 in the previous year[79] - The interim dividend represents an increase from the previous interim dividends of HKD 0.105 and special dividend of HKD 0.042 per share for the 2021/22 period[84] Cash and Assets - The group maintained a strong cash position with cash and cash equivalents amounting to HKD 468,846,000 as of October 31, 2022, up from HKD 416,923,000 on April 30, 2022[15] - Total assets as of October 31, 2022, were HKD 1,735,259 thousand, slightly down from HKD 1,738,760 thousand as of April 30, 2022[34] - Cash and cash equivalents increased to HKD 468,846 thousand from HKD 416,923 thousand, indicating a growth of 12.4%[32] - The group’s non-current assets (excluding intangible assets and deferred tax assets) totaled HKD 733,896 thousand as of October 31, 2022, down from HKD 801,575 thousand as of April 30, 2022, a decrease of about 8.4%[62] Market Performance - Retail sales revenue reached HKD 1,365,174,000, an increase of 4.6% from HKD 1,305,512,000 in the previous year, accounting for 98.5% of total revenue[21] - Revenue from the Hong Kong market grew by 5.6% to HKD 1,227,140,000, with same-store sales increasing by 4.5%[23] - Singapore revenue increased by 7.1% to SGD 24,036,000, despite a reduction in store count, with same-store sales growing by 13.8%[24] - Macau's revenue recorded HKD 24,469,000, up from HKD 22,726,000 in the previous year[24] - Wholesale and franchise income surged to HKD 21,491,000, up from HKD 8,789,000 in the previous year[22] Operational Developments - The group employed approximately 2,061 staff, with total employee costs amounting to HKD 192,564,000, compared to HKD 187,603,000 in the previous period[16] - The new logistics center in Kwai Chung is set to commence operations in the first half of 2023, aimed at enhancing supply chain capabilities[26] - The company is actively exploring new product categories such as food, 3C products, and smart living products to diversify its offerings[12] - The company aims to enhance its OEM product offerings to improve market penetration and contribute to revenue and gross margin[27] - The group continues to expand its global supplier network and enhance procurement across various product categories[11] - The company is actively expanding its global supplier network to reduce procurement costs and improve gross margins[26] Corporate Governance - The company has adopted the corporate governance code as per the listing rules and emphasizes the importance of good corporate governance practices[81] - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited interim results for the period[82] - The company has confirmed compliance with the standard code for securities transactions by directors throughout the reporting period[83] - The chairman and CEO roles are currently held by the same individual, which the board believes is in the best interest of the company[81] Future Outlook - The company plans to continue expanding its market presence and investing in new product development to drive future growth[37] - The group expects to continue evaluating new strategies for market expansion and product development in the upcoming periods[44] - The group is currently assessing the impact of new accounting standards effective from January 1, 2023, with an initial conclusion that they are not expected to have a significant impact on the group's financial performance[44] Miscellaneous - The company expresses gratitude to management, employees, customers, business partners, and shareholders for their support and trust[90] - The company will suspend share transfer registration from January 10 to January 13, 2023, to facilitate the payment of the interim dividend[88] - The interim results announcement for the six months ending October 31, 2022, will be published on the stock exchange and the company's website[89] - The group had no inter-segment sales for the six months ended October 31, 2022, indicating all reported revenue came from external customers[55]

Financial Performance - The group's revenue increased by 8.5% to HKD 2,920,775,000 compared to HKD 2,692,460,000 in the previous fiscal year[27] - Gross profit rose by 9.7% to HKD 1,334,677,000, with a gross margin of 45.7% compared to 45.2% in the previous year[28] - Profit attributable to equity holders was HKD 220,822,000, down from HKD 254,918,000 in the previous year, which included HKD 70,999,000 from the government's employment support scheme[28] - Total operating expenses for the year were HKD 1,102,666,000, accounting for 37.8% of total revenue, down from 38.9% in 2020/21[73] - Retail sales revenue reached HKD 2,892,753,000, an increase of 8.0% from HKD 2,677,789,000 in 2020/21, representing 99.0% of total revenue[78] - The profit in the Hong Kong market for the year was HKD 213,681,000, down from HKD 241,092,000 in 2020/21, which included government wage subsidies of HKD 70,999,000[83] - Revenue from the Hong Kong market increased by 9.3% to HKD 2,608,532,000, with same-store sales growth of 6.7%[82] - In Singapore, revenue grew by 2.7% to HKD 265,698,000, with gross profit increasing by 7.6% to HKD 110,686,000, compared to HKD 258,788,000 and HKD 102,914,000 respectively in 2020/21[85] Dividends - The board proposed a final dividend of HKD 0.12 per share, totaling an annual dividend of HKD 0.267 per share, up from HKD 0.242 in the previous year[29] - The total dividend for the year was HKD 26.7 cents per share, up from HKD 24.2 cents per share in 2020/21, with a total payout of approximately HKD 191,784,000[90] - The interim and special dividends were HKD 10.5 cents and HKD 4.2 cents per share respectively, totaling around HKD 105,623,000[90] Market Performance - Same-store sales growth in Hong Kong was 6.7%, compared to 4.4% in the previous year[30] - The group continued to achieve profitability in its three major markets: Hong Kong, Singapore, and Macau[29] - Revenue from the Macau market was HKD 46,545,000, slightly down from HKD 47,320,000 in 2020/21, indicating stable performance[84] - Hong Kong continues to be the company's primary market, accounting for 89.3% of total revenue, up from 88.6% in 2020/21[83] Cash and Assets - Cash and cash equivalents stood at HKD 416,923,000, slightly down from HKD 428,459,000 in the previous year[30] - Total assets increased to HKD 1,738,760,000 from HKD 1,737,618,000 in the previous year[30] - The group's total borrowings amounted to HKD 21,767,000 as of April 30, 2022, compared to HKD 19,078,000 in the previous year, with a leverage ratio of 3.2%[69] - The group maintained a current ratio of 1.5, consistent with the previous year[69] Business Strategy and Development - The company aims to transform into a full-channel retail chain convenience store (GMS) to enhance customer convenience and increase foot traffic[62] - The company has expanded its product offerings to include fast-moving consumer goods, such as food and personal care items[49] - The company is focusing on the development of OEM products to expand market penetration and enhance revenue contribution[62] - The company has established a strong partnership with major third-party e-commerce operators like foodpanda mall and Yoho to stimulate e-commerce business[62] - The company plans to offer a wider range of durable and large items through its electronic platform to create a one-stop shopping experience[63] - The company is focused on monitoring procurement prices and controlling operating expenses to maintain profitability[83] - The company aims to explore new business opportunities and expand into new markets, leveraging established personal relationships and networks[103] Employee and Management - The group employed approximately 2,140 staff as of April 30, 2022, down from 2,391 staff in the previous year, with total employee costs of HKD 405,825,000[77] - The company is committed to maintaining a dedicated employee team to ensure operational success and prepare for new initiatives and challenges[63] - The management team includes experienced professionals with over 25 years in retail management and over 20 years in consumer goods and beauty industry management[121][122] Corporate Governance - The board consists of six members, including three executive directors and three independent non-executive directors, ensuring over one-third independence[174] - The company aims to ensure effective corporate governance through regular training and updates for all directors[181] - The audit committee is responsible for recommending the appointment and remuneration of external auditors, ensuring their independence and effectiveness[189] - All independent non-executive directors have confirmed their independence according to the relevant listing rules[175] Shareholder Information - The company reported a total equity of 346,320,000 shares, representing 47.90% ownership by Mr. Liu Baifai as of April 30, 2022[125] - Ms. Wei Lixia holds a total equity of 357,426,000 shares, which accounts for 49.44% ownership, including 21,970,000 personal shares and 324,000,000 shares through controlled corporations[125] - The company has a total of 722,969,000 shares issued as of April 30, 2022, which is the basis for calculating the ownership percentages[125] Related Party Transactions - The company has not entered into any significant transactions with related parties during the year, aside from those disclosed in the annual report[155] - The company has confirmed that the ongoing related party transactions are conducted on normal commercial terms and are fair and reasonable[162] - The independent auditor has issued an unqualified opinion on the group's ongoing related party transactions as disclosed in the annual report[162]

Financial Performance - The group's revenue increased by 8.5% year-on-year, reaching HKD 2,920,775,000 (2020/21: HKD 2,692,460,000) [2] - Gross profit rose by 9.7% to HKD 1,334,677,000, with a gross margin of 45.7% (2020/21: 45.2%) [2] - Profit attributable to equity holders was HKD 220,822,000, down from HKD 254,918,000 in the previous year, which included HKD 70,999,000 from the government's employment support scheme [2] - Retail sales revenue reached HKD 2,892,753,000 for the year, representing an 8.0% increase from HKD 2,677,789,000 in the previous year, driven by same-store sales growth and increased average transaction value [18] - The company reported a net profit of HKD 220,318 for the year, down from HKD 257,842 in the previous year, indicating a decrease of approximately 14.5% [31] - The group reported a net profit of HKD 257,842,000 for the year ended April 30, 2022, compared to HKD 287,698,000 in 2021, indicating a decrease of approximately 10.4% [50] Store Operations - The group operates a retail network of 384 stores across Hong Kong, Singapore, Macau, Malaysia, Cambodia, and Australia [6] - The group operates a total of 384 stores across Hong Kong, Singapore, Macau, Malaysia, Cambodia, and Australia as of April 30, 2022, a slight decrease from 385 stores in the previous year [14] - The group plans to continue expanding its store network in Hong Kong, particularly in new residential areas and public housing developments [14] Market Performance - Same-store sales growth in Hong Kong was 6.7%, compared to 4.4% in the previous year [10] - The Hong Kong market generated revenue of HKD 2,608,532,000, a 9.3% increase from HKD 2,386,352,000 in the previous year, with same-store sales growth of 6.7% [19] - In Singapore, revenue grew by 2.7% to HKD 265,698,000, with gross profit increasing by 7.6% to HKD 110,686,000 [22] - The group’s revenue from Singapore was HKD 265,698,000 for the year ended April 30, 2022, compared to HKD 258,788,000 in 2021, reflecting a growth of approximately 2.3% [66] Dividends and Shareholder Returns - The group proposed a final dividend of HKD 0.12 per share, totaling HKD 0.267 per share for the year, up from HKD 0.242 per share in the previous year [3] - The company declared an interim dividend of HKD 214,661,000 for 2022, which is HKD 29.9 per share, compared to HKD 143,518,000 or HKD 20.0 per share in 2021 [75] - Proposed final dividend for the year ended April 30, 2022, is HKD 12.0 per share, totaling approximately HKD 86,161,000, not yet recognized in the financial statements [75] Expenses and Liabilities - Total operating expenses accounted for 37.8% of revenue, down from 38.9% in the previous year [10] - Total expenses for the year ended April 30, 2022, amounted to HKD 2,688,764,000, an increase of 6.5% from HKD 2,523,853,000 in 2021 [4] - Total liabilities as of April 30, 2022, were HKD 843,905,000, slightly down from HKD 844,322,000 in 2021 [35] - Current liabilities totaled HKD 612,419,000, compared to HKD 617,718,000 in the previous year [35] Cash and Assets - The group maintained a cash and cash equivalents balance of HKD 416,923,000, compared to HKD 428,459,000 in the previous year [8] - The total assets as of April 30, 2022, amounted to HKD 1,738,760, slightly up from HKD 1,737,618 in 2021 [33] - Non-current assets (excluding intangible assets and deferred tax assets) totaled HKD 801,575,000 as of April 30, 2022, compared to HKD 784,423,000 in 2021, showing a slight increase [66] Strategic Initiatives - The group has increased the proportion of OEM products to capture more market opportunities [7] - The company aims to enhance its e-commerce capabilities by launching the Easy Buy platform in Singapore and relocating its warehouse to improve distribution efficiency [22] - The company plans to improve logistics efficiency through closer collaboration with suppliers and expand its product range on the JHC electronic platform [26] - The company is transitioning to a full-channel retail model, leveraging its extensive retail network to increase customer traffic and convenience [26] Corporate Governance - The company has adopted all provisions of the corporate governance code as per the listing rules, ensuring high standards of corporate governance [86] - The audit committee reviewed the consolidated financial statements for the year ended April 30, 2022, confirming consistency with the preliminary results announcement [88] Employee Information - The group employed approximately 2,140 employees as of April 30, 2022, a decrease from 2,391 employees in the previous year, with total employee costs amounting to HKD 405,825,000 [15]

Financial Performance - The group's revenue remained stable at HKD 1.31 billion for the six months ended October 31, 2021, compared to HKD 1.32 billion for the same period in 2020/21[8]. - Profit for the period was HKD 96.1 million, down from HKD 171.6 million in 2020/21, which included approximately HKD 92 million in COVID-19 related subsidies and rent reductions[8][15]. - Gross profit increased by 3.1% to HKD 616.4 million, compared to HKD 598.0 million in 2020/21[9]. - Total retail sales revenue reached HKD 1,305,512,000, a slight decrease from HKD 1,316,544,000 in the previous year, accounting for 99.3% of total revenue[22]. - Wholesale and franchise income increased to HKD 8,789,000, up from HKD 4,950,000 in the previous year[23]. - Revenue from the Hong Kong market was HKD 1,161,893,000, compared to HKD 1,189,855,000 in the previous year, representing 88.4% of total revenue[24]. - Singapore market revenue grew by 20.4% to HKD 129,682,000, up from HKD 107,688,000 in the previous year[25]. - Macau revenue recorded HKD 22,726,000, down from HKD 23,951,000 in the previous year[26]. - Operating profit decreased to HKD 119,470 thousand, down 40.3% from HKD 199,905 thousand in the previous year[36]. - The net profit for the period was HKD 96,104 thousand, a decline of 44.0% compared to HKD 171,567 thousand in the same period last year[36]. - Other income for the six months ended October 31, 2021, was HKD 29,509,000, down from HKD 99,446,000 in the same period of 2020[83]. - The profit attributable to the company's owners for the six months ended October 31, 2021, was HKD 95,141,000, a decrease of 43.7% from HKD 169,385,000 for the same period in 2020[87]. Dividends and Shareholder Returns - The board declared an interim dividend of HKD 0.105 per share and a special dividend of HKD 0.042 per share, representing a 63% increase from the interim dividend of HKD 0.09 per share in 2020/21[10]. - The company paid dividends amounting to HKD 109,038,000 during the period, compared to HKD 78,983,000 in the previous year, representing an increase of 38.3%[47]. - The interim and special dividends declared on December 23, 2021, were HKD 10.5 cents and HKD 4.2 cents per share, totaling approximately HKD 105,600,000, an increase from HKD 64,500,000 in 2020/21[90]. Store Operations and Expansion - The company maintained a total of 385 stores globally as of October 31, 2021, unchanged from the previous year[10]. - The company plans to continue expanding its physical store network in Hong Kong, particularly in newly developed residential areas and public housing projects[30]. - The company plans to enhance its product offerings by increasing the variety of fast-moving consumer goods and OEM products, as well as expanding its private label product range[14]. - The company continues to explore new product categories, including food and smart living products, to adapt to market trends and customer demands[28]. - The company aims to enhance its online presence by integrating its ERP system and collaborating with leading e-commerce platforms to expand its online business[29]. Financial Position and Ratios - The group's cash and cash equivalents stood at HKD 430.6 million as of October 31, 2021, compared to HKD 428.5 million on April 30, 2021[16]. - The current ratio of the group was 1.5 as of October 31, 2021, consistent with the previous period[16]. - The group's leverage ratio increased to 3.3% from 2.9% as of April 30, 2021, calculated based on total borrowings and non-controlling interest loans divided by total equity[16]. - The total assets of the group as of October 31, 2021, amounted to HKD 1,742,830 thousand, a slight increase from HKD 1,737,618 thousand as of April 30, 2021[41]. - The total liabilities increased to HKD 860,300 thousand from HKD 844,322 thousand in the previous period[41]. - The total equity attributable to equity holders increased to HKD 874,817,000 as of October 31, 2021, from HKD 862,013,000 a year earlier[44]. Employee and Management Costs - Employee costs for the period totaled HKD 187,603,000, slightly up from HKD 184,889,000 in the previous year[18]. - The total management compensation for the six months ended October 31, 2021, was HKD 7,579,000, a decrease from HKD 8,152,000 in the previous year[117]. - Employee service value recognized was HKD 1,282,000, while share-based payment expenses totaled HKD 3,489,000[44]. Corporate Governance and Compliance - The company has adopted all provisions of the corporate governance code as per the listing rules, emphasizing the importance of good corporate governance practices[148]. - The board of directors has reviewed and monitored the company's corporate governance practices to ensure compliance with the corporate governance code[148]. - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited interim results for the period[149]. - The company has confirmed compliance with the standard code of conduct for securities transactions by all directors during the period[150]. Financial Risks and Management - The group has incurred various financial risks, including foreign exchange risk, credit risk, liquidity risk, and cash flow and fair value interest rate risk, with no significant changes in risk management policies since the last financial year-end[60]. - The group’s financial risk management procedures focus on reducing potential adverse impacts on financial performance due to market unpredictability[60]. - The group is currently evaluating the impact of new accounting standards and interpretations on its financial statements[58]. Share Incentive Plans - The company has granted options for a total of 3,525,000 shares under the share option plan as of October 31, 2021[133]. - The share option plan allows for a maximum of 10% of the total issued shares to be granted, equating to 72,000,000 shares[130]. - The company aims to retain and attract suitable personnel through the share incentive plan[145].

| --- | --- | --- | --- | --- | --- | --- | |-----------------------------------------------|-------|----------|------------|------------------|--------|-------| | | | | | | | | | 國 際 家 居 零 售 有 限 公 司 | | | | | | | | (於開曼群島註冊成立之有限公司) 股份代號：1373 | | | 日本城 JHC | | ERSARY | | | | | | | | | | | ଘ 007 AOA ♥ 13529 Pan # 30520 Pr | D | PT30 Pre | 口 AOA | ADA * 5202 Bloom | | | 口 報 2 0 2 1 年 公司簡介 公司簡介 本集團於1991年成立，是香港、新加坡及澳門最大的家品零售連鎖商(1)。本集團透過由香港、新加坡、澳門、馬來西亞東部、柬 埔寨、澳洲及越南合共389間店舖組成的完善零售網絡，以日本城「JHC」、日本の家「JapanHome」、「123 ...

國 際 家 居 零 售 有 限 公 司 (於開曼群島註冊成立之有限公司) 股份代號：1373 日本城 JHK lby l = ( (0) ■ @ | --- | --- | --- | --- | --- | --- | |-------|-------|---------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2020/21 | | | | | | | | | | | | | | 期 | | | | 目錄 | --- | |--------------------------| | | | | | 財務摘要 | | 管理層討論及分析 | | 中期財務資料審閱報告 | | 簡明綜合中期全面收入表 | | 簡明綜合中期資產負債表 | | 簡明綜合中期權益變動表 | | 簡明綜合中期現金流量表 | | 簡明綜合中期財務資料附註 | | 其他資料 | | --- | --- | |-------|-------| | | 頁次 | | | 2 | | | 3 | | | 4 | | ...

國 際 家 居 零 售 有 限 公 司 (於開曼群島註冊成立之有限公司) 股份代號： 1373 365 Smil 健康快樂每一天 123... 日本城 娱乐 新闻 (UPIC Cley Life Fun ma by ELLA JHC o o JAC eShop 年 報 2020 公司簡介 有關國際家居零售有限公司（股份代號︰1373） 本集團於1991年成立，是香港、新加坡及澳門最大的家品零售連鎖商(1)。本集團透過由香港、新加坡、澳門、馬來西 亞東部、柬埔寨、澳洲及越南合共378間店舖組成的完善零售網絡，以日本城「JHC」、日本の家「Japan Home」、「123 by ELLA」、多來買「$MART」、生活提案「City Life」著名品牌以及日本城網購「JHC eshop」和易購點「EasyBuy」的線上 平台提供家居、潮流、個人護理、零食及家庭快速消費品。憑藉龐大的採購渠道及自家品牌產品，本集團以具競爭力 的價格提供多元化的產品，為客戶帶來「一站式」的購物體驗，並以轉變為綜合百貨連鎖店(GMS)鋪路。有關詳情，請 瀏覽本集團網站www.jhc.com.hk及www.jhceshop.com。 1 根 ...