Financial Performance - The Group achieved moderate year-on-year growth in revenue, gross profit, and net profit during the financial year ended December 31, 2024[16]. - For the financial year ended December 31, 2024, the Group recorded a revenue of approximately HK$2,805,146,000, representing an increase of approximately 8.2% compared to the same period in 2023[27]. - The profit attributable to owners of the Company was approximately HK$247,522,000, reflecting an increase of approximately 5.3% compared to the previous year[27]. - The Group's gross profit for the year ended 31 December 2024 was approximately HK$1,027,997,000, with a gross profit margin of approximately 36.6%, an increase of approximately 0.7 percentage points from the previous year[86]. - The Group's operating profit for the year ended 31 December 2024 was approximately HK$315,190,000, compared to HK$213,644,000 for the previous year[1]. - The Group's total assets as of 31 December 2024 were approximately HK$1,067,981,000, while total liabilities were approximately HK$533,421,000[1]. - The total amount of inventories increased by 22.7% to approximately HK$339,513,000 as of December 31, 2024, compared to HK$276,691,000 in the previous year[100][102]. - The Group's profit attributable to owners was approximately HK$247,522,000 for the year ended December 31, 2024, reflecting a year-on-year growth of 5.3%[93]. Dividend and Shareholder Returns - The Board has recommended a dividend payment of HK10.0 cents per share for the year ended December 31, 2024[19]. - The Board proposed a dividend of HK$0.10 per share for the year ending December 31, 2024[1]. - The Company has recommended a final dividend of HK10.0 cents per share for the year ended 31 December 2024, compared to HK6.0 cents for the nine months ended 31 December 2023[166]. - The proposed final dividend is subject to approval at the forthcoming annual general meeting scheduled for 28 May 2025[167]. Operational Strategy - The management will focus on refining operational efficiency and strengthening cost control measures to enhance profitability[19]. - The Group continues to adopt a global procurement strategy to diversify product offerings and ensure product quality[16]. - The Group aims to maintain competitive pricing through a global procurement strategy while optimizing its product mix to meet customer demands[34]. - The Group's procurement network includes approximately 1,262 brands and around 3,653 SKUs from various global sources, primarily Europe, Japan, Korea, Vietnam, and Mainland China[43]. - The Group actively expanded its Business-to-Business (B2B) operations to diversify revenue streams[32]. - The management will closely monitor uncertain factors affecting business operations and adjust strategies accordingly to enhance market competitiveness[33]. Market Conditions - The Hong Kong retail market is expected to remain challenging, with the government implementing measures to attract tourists[17]. - The impact of external factors, such as rising global interest rates and geopolitical tensions, has affected economic recovery[16]. - Management remains cautiously optimistic about future business growth despite market uncertainties[17]. Community Engagement and Corporate Social Responsibility - The Group actively participates in community activities, including the Community Chest 55th Anniversary Walk for Millions, raising funds for social welfare organizations[64]. - Best Mart 360 hosted a Lunar New Year banquet for over 500 elderly residents, fostering community engagement[68]. - The Group distributed 400 goodie bags to elderly residents in Northern District stores, supporting those in need[70]. - The Group has received various social honors and recognitions for its charitable activities and commitment to quality service[72]. - The Group's commitment to corporate social responsibility is demonstrated through participation in the Caring Company Programme, promoting social development[75]. Retail Expansion - The total number of retail stores increased from 167 to 176 during the financial year, with one new store of the global gourmet brand "FoodVille" opened in Hong Kong[28]. - As of December 31, 2024, the Group operated a total of 176 retail stores, an increase of 9 stores from the previous year[50]. - The Group plans to achieve a net increase of 10 retail stores annually under its dual-brand model, focusing on "Best Mart 360º" and "FoodVille" in Hong Kong and Macau[111]. Employee and Management Structure - The total number of employees decreased to 1,230 as of December 31, 2024, from 1,322 in the previous year, with staff costs amounting to approximately HK$277,888,000, representing 9.9% of revenue[96][97]. - The Group's remuneration policy rewards employees based on performance, qualifications, and experience, with annual reviews conducted[150]. - The company continues to strengthen its leadership team with experienced professionals in key management positions[178][180][183][184]. Financial Management - The Group's liquidity and financial resources are deemed adequate to meet working capital requirements for the next twelve months[138]. - The Group's treasury management policies are conservative, avoiding highly leveraged or speculative derivative products[145]. - The effective interest rate on the Group's bank borrowings was 3.2% per annum for the year ended December 31, 2024[140]. Governance and Leadership - The Group's strategic planning includes expansion into new markets and potential acquisitions to drive growth[187]. - The appointments are part of the company's strategy to enhance governance and operational efficiency[178][180][183][184]. - Mr. Sze serves as chairman of the Remuneration Committee and a member of the Audit Committee[192]. Marketing and Customer Engagement - The Group's marketing activities, including the "Best Price" promotional campaign, successfully enhanced customer loyalty and attracted new customers[109]. - The Group launched a new three-tier membership scheme and a second-generation mobile app in mid-June 2020 to enhance customer loyalty and expand its customer base[104].

Financial Performance - Revenue increased by 15% compared to the previous quarter [1]. - Net profit margin improved to 12%, up from 10% last year [2]. - Operating expenses rose by 8% due to increased marketing efforts [3]. Market Expansion - The company entered two new international markets in Asia and Europe [4]. - Market share in the domestic market grew by 3% [5]. - A new product line was launched to target younger demographics [6]. Operational Efficiency - Production costs decreased by 5% due to process optimization [7]. - Supply chain disruptions were minimized, leading to a 10% improvement in delivery times [8]. - Employee productivity increased by 7% following new training programs [9]. Strategic Investments - The company invested $50 million in R&D for new technologies [10]. - A strategic partnership was formed with a leading tech firm to enhance digital capabilities [11]. - Capital expenditures were allocated to upgrade manufacturing facilities [12]. Risk Management - Cybersecurity measures were strengthened to protect customer data [13]. - A contingency plan was developed to address potential economic downturns [14]. - Insurance coverage was expanded to mitigate operational risks [15]. Corporate Social Responsibility - The company reduced its carbon footprint by 20% through sustainable practices [16]. - A new initiative was launched to support local communities through education programs [17]. - Employee volunteer hours increased by 30% compared to the previous year [18].

转自：贵州日报 记者从2月4日召开的2024年全省住房和城乡建设工作会议上获悉，2023年，我省大力推动建筑企业提资质、优品质、拓市场，全省建筑业完成产值3939亿元，增速6.7%。 2023年，我省深化工程建设项目审批制度改革，审批事项压缩至56项，有力推动营商环境优化再提升；完善制度体系建设，加强招标代理机构管理，构建企业失信行为惩戒机制，开展房屋建筑市政领域保证金清理行动，清理履约保证金项目85个，清理质量保证金项目162个。 此外，我省不断推进绿色低碳发展，可再生能源建筑应用面积达到253万平方米，新建绿色建筑项目331个，占城镇新建建筑面积比例为86.2%；新建装配式建筑项目155个，占城镇新建建筑的比例为25%；推广应用绿色建材，通过绿色建材认证产品38种，其中磷石膏建材15种，通过建材消纳磷石膏279.2万吨。 今年，我省将在建筑业工业化、数字化、绿色化转型上下功夫，包括持续推进建筑业转型升级，培育壮大市场主体；优化建筑市场环境，持续推进“挂证”整治；提升建筑业科技水平，促进绿色发展；推进超低能耗建筑、近零能耗建筑试点示范等，努力为社会提供高品质建筑产品。（记者 陈露） 海量资讯、精准 ...

Financial Performance - The Group recorded a revenue of approximately HK$1,237,781,000 for the six months ended 30 September 2023, representing an increase of approximately 20.0% from HK$1,031,896,000 for the corresponding period last year[8]. - Gross profit for the same period was approximately HK$446,265,000, with a gross profit margin of approximately 36.1%, compared to HK$364,712,000 and 35.3% respectively for the previous year, indicating a period-on-period increase of approximately 22.4% and 0.8 percentage points[11]. - Profit attributable to owners of the Company during the period amounted to approximately HK$110,636,000, a 34.8% increase from HK$82,049,000 for the six months ended 30 September 2022[21]. - Operating profit increased to HK$137,968,000 from HK$99,747,000, marking a growth of approximately 38.3% year-over-year[184]. - Basic and diluted earnings per share increased to 11.1 HK cents, compared to 8.2 HK cents in the same period last year, representing a growth of approximately 35.4%[184]. Retail Market and Strategy - Revenue from retail stores in Hong Kong, Macau, and Shenzhen accounted for approximately 97.9% of the Group's total revenue during the review period[20]. - The retail market showed signs of recovery, with over 23.3 million visitors to Hong Kong from January to September 2023, nearly doubling compared to the same period last year[9]. - The Group adjusted its product mix to cater to different customer groups, achieving steady growth during the review period[18]. - The Group aims to open a net increase of 15-20 retail stores annually, focusing on a "dual-brand" strategy to cater to different customer segments[40]. - The Group launched a new global wine and food shop "FoodVille" in 2021, which has expanded to 6 shops as of 30 September 2023, up from 3 shops a year earlier[23]. Employee and Operational Metrics - The number of full-time and part-time employees increased to 1,226 as of 30 September 2023, compared to 1,167 a year earlier, with staff costs accounting for approximately 9.1% of revenue, a decrease of 0.3 percentage points from 9.4%[36]. - The number of registered fans and members increased to approximately 2,087,700 as of 30 September 2023, representing an 8.1% growth from approximately 1,931,400 as of 30 September 2022[62][64]. - The number of mobile app members reached approximately 980,000 as of 30 September 2023, reflecting a 20.2% increase from approximately 815,100 in the same period last year[62][64]. Financial Position and Capital Management - Total bank borrowing as of 30 September 2023 was approximately HK$77,619,000, a decrease of 2.2% from approximately HK$79,349,000 as of 31 March 2023[82]. - The Group's cash and bank balances totaled approximately HK$255,561,000 as of 30 September 2023, representing a 75.0% increase from approximately HK$146,047,000 as of 31 March 2023[84]. - The Group's debt-to-equity ratio was approximately 16.2% as of 30 September 2023, down from approximately 16.6% as of 31 March 2023, primarily due to repayment of bank borrowings[85]. - The ratio of rental expense to sales revenue for the Group's retail stores was approximately 9.8% for the six months ended 30 September 2023, down from approximately 10.4% for the same period in 2022, a decrease of 0.6 percentage points[57][59]. Governance and Compliance - The company complied with all applicable code provisions in the Corporate Governance Code during the reporting period[141]. - The interim financial statements were reviewed by the Audit Committee and the external auditor, confirming compliance with applicable accounting standards[198]. - The Company is committed to maintaining high standards of corporate governance and improving accountability and transparency in operations[166]. - The Company has adopted the Model Code for securities transactions by Directors, with all Directors confirming compliance during the reporting period[172]. Dividends and Shareholder Information - The Board recommended an interim dividend of HK8.0 cents per share for the six months ended 30 September 2023, totaling HK$80,000,000[122]. - The company declared an interim dividend of HKD 0.08 per share, totaling HKD 80 million, consistent with the previous year's dividend[150]. - As of September 30, 2023, the company had 130,000,000 shares held by significant shareholders, representing 13.0% of the issued shares[152].

Best Mart 360 Holdings Limited 優品360控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：2360） – 1 – 其他全面開支 其後可能重新分類至損益的項目： 對海外業務進行換算時 所產生的匯兌差額 (16) (348) 以下各方應佔期內全面收益總額： 本公司擁有人 110,620 81,701 | --- | --- | --- | --- | |------------------------------------------------------------------|---------|-----------------------------------------------------------|-----------------------------------| | | 附 註 | 截至九月三十日止六個月 二零二三年 千港元 （未經審核） | 二零二二年 千港元 （未經審核） | | 收 入 銷售成本 | 5 | 1,237,781 (791,516) | 1,031,896 (667,184) | | 毛 利 其他收入及其他收益淨額 銷售 ...

Financial Performance - As of March 31, 2023, the Group's total cash and bank balances were approximately HK$146,047,000, an increase of approximately HK$15,971,000 from HK$130,076,000 in 2022[13]. - The Group's operating cash flow remains stable, with working capital reported at HK$101,977,000 as of March 31, 2023[17]. - The Group did not have any material investments during the financial year ended March 31, 2023[25]. - There were no material acquisitions or disposals during the financial year ended 31 March 2023[52]. - The total remuneration for the external auditor, BDO Limited, for the year ended 31 March 2023 amounted to HK$1,880,000, which includes HK$1,630,000 for audit services and HK$250,000 for non-audit services[92]. - The Group's financial year ended on 31 March 2023, with interim results for the six months ended 30 September 2022 reviewed by the audit committee[49]. Shareholder Information - The Group's controlling shareholders entered into a Sale and Purchase Agreement for the sale of 490,000,000 shares, representing 49% of the total issued shares, for a total consideration of HK$862,400,000, equivalent to HK$1.76 per share[5]. - Major shareholders as of March 31, 2023, include United East with 20.63% (206,250,000 shares), Universal Tycoon with 16.87% (168,750,000 shares), Sea Wealth with 20.00% (200,000,000 shares), and Sino Sea with 9.5% (95,000,000 shares)[145]. - The company has a beneficial owner, China Merchants Hoi Tung Trading Company Limited, holding 490,000,000 ordinary shares, representing 49.0% of total issued shares[147]. - Ms. Lee Wai Bing holds 375,000,000 ordinary shares, which accounts for 37.50% of the total issued shares[147]. - Giant Blessing is a beneficial owner with 80,000,000 ordinary shares, representing 8.0% of total issued shares[147]. - The company entered into a formal sale and purchase agreement for 245,000,000 shares on March 27, 2023, involving both Mr. Lin Tsz Fung and Ms. Hui Ngai Fan[151][153]. Corporate Governance - The Board comprises five Directors, including three independent non-executive Directors, meeting the requirements of the Listing Rules[45]. - The audit committee, consisting of three independent non-executive Directors, reviewed the Group's audited annual results for the year ended 31 March 2023, ensuring compliance with applicable accounting standards[48]. - The Company has complied with all applicable code provisions in the Corporate Governance Code during the financial year under review[67]. - All Directors confirmed compliance with the Model Code for Securities Transactions during the financial year under review[68]. - The Company has established Board committees to delegate various responsibilities as outlined in their terms of reference[71]. - The independent non-executive Directors have confirmed their independence in accordance with the Listing Rules[46]. - The Company has arranged appropriate insurance coverage to protect Directors from legal actions arising from their duties, which is reviewed annually[108]. - The Company has established three committees: the Audit Committee, the Remuneration Committee, and the Nomination Committee, to assist in fulfilling its responsibilities[76]. - The Company emphasizes the importance of board diversity as a key element in achieving strategic goals and sustainable development[82]. - The nomination committee is responsible for identifying suitably qualified candidates for the Board, emphasizing the importance of diversity in its selection process[104]. - The Company has mechanisms in place to ensure the Board receives independent perspectives, with the Audit Committee comprising independent non-executive directors[96]. Risk Management and Internal Controls - The Group's risk management and internal control systems were deemed adequate and effective during the Financial Year under Review[133]. - The audit committee is responsible for reviewing the internal control systems and procedures for compliance with applicable laws and regulations[143]. - The Company has adopted internal control policies and implemented risk management policies to address operational, credit, market, financial, and legal risks[143]. E-commerce and Market Strategy - The Group has initiated an e-commerce pilot in mainland China, allowing customers to shop online via WeChat mini-programs, with delivery services covering a 3 km radius from stores[6]. - The Group's management is focused on exploring market preferences and adjusting product offerings to enhance the new e-commerce business model and increase sales[6]. - The Group aims to optimize its product mix and strengthen internal controls and back-office support[11]. Share Option Scheme - The Company adopted a share option scheme in December 2018, but no options have been granted under this scheme as of the report date[53]. - The maximum entitlement of each eligible participant under the Share Option Scheme is capped at 1% of the shares in issue within any 12-month period[89]. - The Share Option Scheme allows the Group to grant options to selected participants as incentives for their contributions[125]. - The maximum number of Shares that may be allotted under the Share Option Scheme shall not exceed 10% of the Shares in issue[127]. - The Share Option Scheme will remain in force for a period of 10 years, with approximately 5.5 years remaining[132]. - The share options granted to any eligible participant under the share option scheme shall not exceed 1% of the total issued shares at the time of grant[136]. - The share option scheme is valid for a period of 10 years from the adoption date, with approximately 5.5 years remaining[137]. Sustainability and ESG Commitment - The group recognizes its role in promoting industry sustainability and plans to strengthen partnerships with key stakeholders in the future[172]. - The group is committed to incorporating ESG factors into its decision-making process and improving sustainability performance[182]. - The company emphasizes the importance of sustainable development in its operations, integrating environmental, social, and governance aspects into its business activities[200]. - The corporate governance disclosure was prepared in accordance with the Corporate Governance Code under Appendix 14 of the Listing Rules[179]. Communication and Reporting - The Company has adopted a Shareholders' communication policy to ensure effective communication with Shareholders through various channels, including annual reports and corporate communications[191]. - The Company has established procedures for handling and disclosing inside information to ensure confidentiality before appropriate approval[158]. - The reporting period for the group's business operations was from April 1, 2022, to March 31, 2023, covering major revenue sources[173]. - The Board has proposed a special resolution to adopt new articles of association to comply with the latest legal and regulatory requirements, which was passed by shareholders on August 19, 2022[196].

Financial Performance - For the fiscal year ending March 31, 2023, the group recorded revenue of approximately HKD 2,305,907,000, an increase of about 16.3% compared to HKD 1,983,526,000 for the fiscal year ending March 31, 2022[47]. - The profit attributable to the company's owners for the fiscal year ending March 31, 2023, was approximately HKD 200,997,000, representing an increase of about 83.1% from HKD 109,804,000 in the previous year[47]. - The earnings per share attributable to the company's owners for the fiscal year ending March 31, 2023, was approximately HKD 0.201, compared to HKD 0.110 for the fiscal year ending March 31, 2022[47]. - The group’s operating profit for the fiscal year ending March 31, 2023, was HKD 248,921,000, up from HKD 141,493,000 in the previous year[49]. - The group’s total comprehensive income for the fiscal year ending March 31, 2023, was HKD 200,669,000, compared to HKD 109,912,000 in the previous year[59]. - The group declared a total dividend of HKD 160,000,000 for the fiscal year ending March 31, 2023, compared to HKD 40,000,000 in the previous year[51]. - The group’s gross profit for the fiscal year ended March 31, 2023, was approximately HKD 817,263,000, an increase of about 22.4% compared to HKD 667,654,000 in the previous year, with a gross profit margin of approximately 35.4%[126]. - The pre-tax profit margin for the fiscal year ending March 31, 2023, was approximately 10.8%, compared to approximately 7.1% for the fiscal year ending March 31, 2022[155]. Assets and Liabilities - As of March 31, 2023, total assets amounted to 900,153 million, an increase from 879,020 million in the previous year, reflecting a growth of approximately 2.5%[1]. - Non-current assets were reported at 442,411 million, while current assets totaled 490,223 million, indicating a strong liquidity position[1]. - Current liabilities decreased slightly to 345,427 million from 349,412 million, indicating improved management of short-term obligations[1]. - The net current asset value improved to 101,977 million, compared to 71,721 million in the previous year, reflecting a significant increase of approximately 42%[1]. - The total bank borrowings of the group amounted to approximately HKD 79,349,000, a decrease of about 4.4% compared to HKD 82,981,000 as of March 31, 2022[129]. - The outstanding bank loans as of March 31, 2023, amounted to approximately HKD 79,349,000, down from HKD 82,981,000 in 2022[161]. Inventory and Trade Receivables - Inventory increased to 244,219 million from 217,969 million, representing a growth of about 12.1% year-over-year[1]. - Trade receivables rose to 6,139 million, up from 5,749 million, showing an increase of approximately 6.8%[1]. - The total inventory as of March 31, 2023, was approximately HKD 244,219,000, representing a year-on-year increase of 12.0% from HKD 217,969,000 as of March 31, 2022[119]. - The group’s trade receivables increased to HKD 6,139,000 from HKD 5,749,000 in the previous year[62]. Store Operations and Expansion - The group operates 154 retail stores as of March 31, 2023, an increase from 138 stores a year earlier, including 150 "Best Mart 360º" and 4 "FoodVille" stores[88]. - The group opened 16 new retail stores in Hong Kong and Macau during the fiscal year, contributing to increased rental and operational costs[66]. - The group plans to add 20 new stores annually to expand its retail network in Hong Kong, Macau, and mainland China[152]. - The group opened 26 new retail stores during the fiscal year, with 25 in Hong Kong and 1 in Macau, while closing 10 stores due to lease expirations[88]. Government Support and Subsidies - The group confirmed government subsidies of HKD 17,996,000 related to the COVID-19 "Employment Support" scheme during the fiscal year ending March 31, 2023[50]. - The group received approximately HKD 17,996,000 in government subsidies under the employment support scheme during the fiscal year[87]. Employee and Operational Costs - The total number of employees as of March 31, 2023, was 1,121, an increase from 937 employees as of March 31, 2022, reflecting a growth of approximately 19.6%[117]. - Employee costs for the fiscal year ended March 31, 2023, were approximately HKD 203,338,000, up about 12.1% from HKD 181,335,000 for the fiscal year ended March 31, 2022[117]. - Sales and distribution expenses for the fiscal year were approximately HKD 515,266,000, up about 12.5% from approximately HKD 457,812,000 in the previous year[66]. Corporate Governance and Compliance - The company is committed to maintaining compliance with applicable financial reporting standards and disclosure requirements as set by the Hong Kong Stock Exchange[16]. - The company has adopted new Hong Kong Financial Reporting Standards, which did not have a significant impact on accounting policies during the reporting period[4]. - The board emphasizes high standards of corporate governance and internal control to meet shareholder expectations[173]. - The company has adopted the standards set out in Appendix 10 of the Listing Rules for the conduct of securities transactions by directors, ensuring compliance throughout the financial year[184]. Future Plans and Strategies - The group plans to enhance its core competitiveness by diversifying its food product offerings and strengthening the development of its own brand products[123]. - The group aims to expand its B2B business to create a more stable revenue source and attract repeat customers[123]. - The group intends to accelerate its presence in the Greater Bay Area by exploring a dual business model of direct sales and franchising[123]. - The company aims to enhance its product offerings by increasing the number of exclusive products under the "FoodVille" brand[152]. - The company continues to optimize its product mix and enhance existing stores to provide a better shopping environment, successfully capitalizing on market recovery opportunities[115]. Market Conditions - The retail market in Hong Kong showed signs of recovery, with retail sales value increasing by 40.9% and total volume increasing by 39.4% in March 2023 compared to the same month in the previous year[115]. - The same-store sales growth recorded a 2.5% increase, compared to a 7.3% increase in the previous year[87]. Financial Management - The group maintains a cautious treasury management policy, avoiding high-leverage or speculative derivative products[179]. - The group is exposed to foreign currency risks primarily due to procurement in various currencies, but considers the risk to be manageable[164]. - The group has not made any significant investments during the fiscal year ending March 31, 2023[167].

Financial Performance - For the six months ended September 30, 2022, the Group recorded a revenue of approximately HK$1,031,896,000, representing a year-on-year increase of approximately 19.6% from HK$862,978,000 for the corresponding period last year[10]. - Gross profit for the same period was approximately HK$364,712,000, with a gross profit margin of 35.3%, an increase of approximately 30.7% and 3.0 percentage points year-on-year, respectively[10]. - Profit attributable to owners of the Company during the period amounted to approximately HK$82,049,000, reflecting a year-on-year increase of approximately 261.5%[10]. - The Group's revenue for the six months ended September 30, 2022, was approximately HK$1,031,896,000, reflecting a 19.6% increase compared to HK$862,978,000 for the same period in 2021[36]. - Profit attributable to owners of the Company for the six months ended 30 September 2022 was approximately HK$82,049,000, an increase of approximately 261.5% from HK$22,699,000 for the same period in 2021[37]. - Basic and diluted earnings per share increased to 8.2 HK cents, compared to 2.3 HK cents for the same period last year[103]. - Total comprehensive income for the period was HK$81,701,000, compared to HK$22,699,000 in the same period last year, indicating a growth of 260%[104]. Retail and Market Strategy - The Group maintained considerable growth despite a generally weak retail sector by rapidly adjusting its product mix in response to consumer needs[8]. - The Group's active expansion policy contributed to the increase in turnover and gross profit, enhancing the strategic footprint of physical stores[11]. - The Group aims to achieve a net increase of 20 retail stores each year under its "dual-brand" model, targeting both "Best Mart 360˚" and "FoodVille" in Hong Kong, Macau, and Mainland China[30]. - The Group is actively exploring a trial run of an e-commerce business in Mainland China, expected to commence in the current financial year, allowing online purchases via a WeChat mini-app[32]. - The Group's marketing strategies included collaborations with various platforms and promotions, significantly increasing brand exposure and customer engagement[25]. Operational Efficiency - The Group's operational efficiency improved significantly due to strengthened marketing promotion and optimized systems, leading to a notable year-on-year growth in operating profit[11]. - Selling and distribution expenses for the six months ended 30 September 2022 amounted to approximately HK$246,080,000, an increase of approximately 13.9% from HK$216,023,000 for the same period in 2021[41]. - Administrative and other expenses for the six months ended 30 September 2022 were approximately HK$36,824,000, an increase of approximately 12.6% from HK$32,692,000 for the same period in 2021[41]. Customer Engagement and Loyalty - The number of registered fans and members reached approximately 1,931,400, reflecting a year-on-year growth of 9.5%[22]. - The number of mobile app members increased by 27.9% to approximately 815,100 from approximately 637,100 in the same period last year[22]. - The Group has developed a cumulative total of 11 private labels and 183 products during the review period, enhancing customer loyalty and reinforcing operating income[18]. Financial Position and Cash Flow - Total cash and bank balances as of 30 September 2022 were approximately HK$168,323,000, an increase of approximately 29.4% from HK$130,076,000 as of 31 March 2022[41]. - The current ratio remained stable at approximately 1.2 as at both 31 March 2022 and 30 September 2022[44]. - The net cash generated from operating activities for the six months ended September 30, 2022, was HK$216,319,000, up from HK$99,571,000 in 2021, indicating strong operational performance[110]. - Cash and cash equivalents at the end of the period increased to HK$168,323,000, compared to HK$54,762,000 at the end of the previous year, reflecting improved liquidity[110]. Corporate Governance and Compliance - The company is committed to maintaining high standards of corporate governance and has complied with all applicable code provisions in the Corporate Governance Code[82][83]. - All directors confirmed compliance with the Model Code for securities transactions during the six months ended September 30, 2022[84]. - The Group has strengthened its internal control system to meet shareholder expectations[82]. Employee and Training Development - The Group emphasizes continuous employee development and training, enhancing skills and service quality through various in-house training programs[55]. - The number of employees increased from 895 as at 30 September 2021 to 1,162 as at 30 September 2022[49]. - Staff costs (excluding Directors' emoluments) accounted for approximately 9.4% of revenue for the six months ended September 30, 2022, down from 10.1% in the corresponding period last year, a decrease of about 0.7 percentage points[26]. Dividends and Shareholder Information - The Board has recommended an interim dividend of HK8.0 cents per share for the six months ended September 30, 2022, up from HK1.5 cents per share for the same period in 2021, representing a total payout of HK$80,000,000[64]. - As of September 30, 2022, Mr. Lin Tsz Fung and Ms. Hui Ngai Fan each held 375,000,000 ordinary shares, representing 37.5% of the issued shares[70]. - The company declared an interim dividend of HK$80,000,000, equating to HK$0.08 per share, for the six months ended September 30, 2022[131].

Financial Performance - Revenue for the financial year ended 31 March 2022 was HK$1,983,526, an increase of 21.8% from HK$1,627,891 in 2021[5] - Gross profit for the same period was HK$667,654, representing a gross margin of 33.6%[5] - Operating profit increased to HK$141,493, up 39.1% from HK$101,668 in the previous year[5] - Profit attributable to owners of the Company was HK$109,912, a rise of 35.1% compared to HK$81,449 in 2021[5] - Earnings per share increased to 11.0 HK cents, up from 8.1 HK cents in the previous year[5] - The Group recorded revenue of approximately HK$1,983,526,000, representing a year-on-year increase of approximately 21.8%[17] - Profit attributable to owners of the Company was approximately HK$109,804,000, reflecting a significant increase of approximately 34.8%, and a 121.0% increase when excluding government subsidies from the previous year[17] - The Group's gross profit for the year ended March 31, 2022, was approximately HK$667,654,000, up from approximately HK$520,154,000 for the previous year[42] - The Group's profit for the year amounted to approximately HK$109,804,000, reflecting an increase of approximately 34.8% from HK$81,449,000 in the prior year[69] - The net profit margin for the financial year ended March 31, 2022, was approximately 5.5%, up from 5.0% in the previous financial year[69] Store Expansion and Market Presence - The Company launched a new retail brand "FoodVille" targeting the medium-to-high-end market, offering a diverse range of products[10] - Two new "Best Mart 360" stores were opened in Shenzhen to expand into the Greater Bay Area market[10] - The total number of retail stores in Hong Kong increased from 120 to 130 during the financial year[19] - The total number of retail stores in Macau increased from 4 to 6 during the financial year, marking a successful extension of the Group's business model[21] - The Group opened 2 retail stores in Shenzhen, establishing its first presence in Mainland China and laying the foundation for expansion in the Greater Bay Area[21] - The Group's retail network consists of 138 stores across Hong Kong, Macau, and Mainland China, with a focus on shopping districts and major transportation hubs[27] - The Group opened a net total of 14 new stores during the financial year, contributing to the overall sales increase[42] - The Group opened 24 new retail stores during the financial year, including 20 in Hong Kong, 2 in Macau, and 2 in Mainland China, while closing 10 stores due to lease expirations[45] Product and Operational Strategy - The Group actively optimized its product mix, strengthening the supply of leisure and basic food products, daily necessities, and anti-epidemic supplies[19] - The Group achieved a significant increase in private label sales, rising approximately 130.2% compared to the previous financial year, with revenue contribution increasing to about 16.3%[21] - The Group plans to continue developing its private label products to enhance customer loyalty and overall sales, while also exploring opportunities in different markets[22] - The Group aims to expand its new global gourmet brand, "FoodVille," targeting the medium-to-high-end market with diversified food products[22] - The Group is committed to maintaining "Best Quality" and "Best Price" while optimizing its product mix to meet market demands[22] - The increase in revenue was primarily due to a significant rise in demand for household foodstuffs and grocery items as consumers reduced dining out during the pandemic[42] Financial Position and Cash Flow - Total assets increased to HK$900,153, while total liabilities were HK$462,110, resulting in total equity of HK$438,043[5] - As of March 31, 2022, the Group's total cash and bank balances were approximately HK$130,076,000, an increase of approximately HK$38,764,000 from HK$91,312,000 in 2021[79] - The Group's total bank borrowings as of March 31, 2022 were approximately HK$82,981,000, a decrease of approximately 22.8% from HK$107,496,000 in the previous year[81] - Net cash generated from operating activities for the financial year ended 31 March 2022 was HK$305,876,000, compared to HK$247,557,000 in 2021[80] - The Group maintained a strong financial position with working capital amounting to HK$74,550,000 as of 31 March 2022[83] Corporate Governance and Management - The company is committed to maintaining high standards of corporate governance to improve accountability and transparency in operations[143] - The company has adopted and complied with all applicable code provisions in the Corporate Governance Code during the financial year under review[144] - The roles of the Chairman and the Chief Executive Officer are separate to ensure a balance of power and authority within the company[145] - The Company has established three committees: the Audit Committee, the Remuneration Committee, and the Nomination Committee, each with specific duties and sufficient resources[159] - The Company adheres to the corporate governance principles outlined in the Listing Rules, enhancing accountability and transparency[150] - The Board comprises five Directors, including two Executive Directors and three Independent Non-Executive Directors, ensuring a balanced distribution of power[154] Employee and Staff Management - Total employee count as of March 31, 2022, was 937, with staff costs (excluding Directors' emoluments) amounting to approximately HK$181,335,000, representing an increase of approximately 19.6% from HK$151,633,000 in the previous year[48] - Staff costs represented approximately 9.1% of the Group's revenue for the financial year, slightly down from 9.3% in the previous year[48] - The Group's employer contributions to the Mandatory Provident Fund Scheme are 5% of relevant payroll, matched by employees[103] - For the year ended 31 March 2022, the Group made contributions to retirement plans at rates ranging from 14% to 15% of eligible employees' salaries[106] Shareholder Information and Dividends - A final dividend of HK8.0 cents per share was recommended for the year ended 31 March 2022[13] - The proposed final dividend is expected to be paid on or around 7 September 2022, subject to shareholder approval[116] - The register of members will be closed from 25 August 2022 to 29 August 2022 for determining entitlement to the final dividend[116] - The Company has no fixed dividend policy, and any dividends declared will depend on the Group's operational results, available cash flows, and financial condition, among other factors[188] Risk Management and Internal Controls - The Company has adopted internal control policies and risk management policies to address operational, credit, market, financial, and legal risks, with the Board conducting thorough examinations of material risks before approving business decisions[185] - The Company does not have an internal audit function but will review the need for one annually, opting instead to engage an independent external professional party for annual reviews of internal control systems[185] - The Company has established procedures for handling inside information to ensure confidentiality until appropriate disclosure is approved, and the Board believes the risk management and internal control systems were adequate and effective during the financial year[187]

Best Mart 360 Holdings Limited 優品360控股有限公司 Interim Report 2021 中期報告 Best Mart 360 Holdings Limited Best Mart 360 Holdings Limited 優品360控股有限公司 優品360控股有限公司 (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立的有限公司) Stock Code 股份代號：2360 Interim Report 2021 2021 中期報告 | --- | --- | --- | |--------------------------------------------------------------|----------------------------------|-------| | | CONTENTS | 目錄 | | Corporate Information | 公司資料 2 | | | Management Discussion and Analysis | 管理層討論及 ...