MI MING MART(08473)

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弥明生活百货(08473) - 2024 Q1 - 季度财报
2023-08-11 11:51
Financial Performance - The company reported revenue of HKD 34,998,000 for the three months ended June 30, 2023, a decrease of 20.5% compared to HKD 44,011,000 in the same period of 2022[7]. - Gross profit for the same period was HKD 22,042,000, down 21.7% from HKD 28,126,000 year-over-year[7]. - The company achieved a profit before tax of HKD 4,151,000, which is a decline of 38.5% from HKD 6,747,000 in the previous year[7]. - Net profit for the period was HKD 3,500,000, representing a decrease of 32.2% compared to HKD 5,162,000 in the prior year[7]. - Basic earnings per share were HKD 0.31, down from HKD 0.46 in the same quarter of the previous year[7]. - The group's net profit decreased from approximately HKD 5,200,000 for the three months ended June 30, 2022, to approximately HKD 3,500,000 for the same period in 2023, a decline of about HKD 1,700,000 or approximately 32.2%[37]. - Basic earnings per share decreased from approximately HKD 0.46 to approximately HKD 0.31 for the three months ended June 30, 2023[38]. Expenses and Costs - Administrative and operating expenses increased to HKD 8,809,000 from HKD 8,035,000 year-over-year, reflecting a rise of 9.6%[7]. - The total employee benefits expense increased to HKD 8,562,000 from HKD 7,736,000, an increase of about 10.7%[19]. - Sales and distribution expenses for the three months ended June 30, 2023, remained relatively stable at approximately HKD 9,100,000 compared to the same period last year[32]. - Administrative and operating expenses increased by approximately HKD 800,000 to about HKD 8,800,000, representing a growth of approximately 9.6% due to increased salaries and allowances for administrative staff[34]. Revenue Sources - Retail store sales decreased from HKD 34,878,000 to HKD 27,396,000, a decline of approximately 21.5%[16]. - Online store sales fell from HKD 6,925,000 to HKD 5,753,000, a decrease of about 16.9%[16]. Dividends - The group did not declare any interim dividends for the three months ended June 30, 2023, consistent with the previous year[23]. - The company did not declare or pay any interim dividends for the three months ended June 30, 2023, similar to the previous year[41]. - The proposed final dividend for the year ending March 31, 2023, is HKD 0.8 per share, totaling approximately HKD 9,000,000, compared to HKD 0.6 per share and approximately HKD 6,700,000 in the previous year[41]. Market Focus and Strategy - The company continues to focus on multi-brand beauty and health product retailing in Hong Kong[11]. - The company aims to enhance competitiveness by expanding its sales network and enriching its product offerings[26]. - The group anticipates growth opportunities in the skincare and cosmetics market due to its comprehensive understanding of the market[26]. Compliance and Governance - The financial statements were prepared in accordance with Hong Kong Financial Reporting Standards, ensuring compliance with applicable disclosure requirements[12]. - The company has complied with the corporate governance code, except for a deviation regarding the separation of roles between the Chairman and CEO[57]. - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited quarterly results for the period ending June 30, 2023[60]. Shareholding and Capital Structure - As of June 30, 2023, Prime Era holds 542,000,000 shares, representing 48.39% of the company's equity[51]. - Ms. Xing Jiajue owns 244,530,000 shares, accounting for 21.83% of the company's equity[51]. - The company has not granted any stock options under its stock option plan since its adoption on January 23, 2018[52]. Other Financial Information - The effective tax rate for the three months ended June 30, 2023, was approximately 15.7%, down from 23.5% in the same period last year, primarily due to increased foreign exchange losses[36]. - There were no significant capital commitments as of June 30, 2023[43]. - The company did not acquire or dispose of any significant investments during the three months ended June 30, 2023[44]. - There were no significant contingent liabilities as of June 30, 2023[45]. - The company reported other income and losses of HKD 160,000, a significant improvement from a loss of HKD 4,066,000 in the previous year[7].
弥明生活百货(08473) - 2024 Q1 - 季度业绩
2023-08-11 11:48
香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責, 對其準確性或完整性亦不發表任何聲明,並明確表示概不就因本公告全部或任何 部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 (於開曼群島註冊成立的有限公司) (股份代號:8473) 截至二零二三年六月三十日止三個月 第一季度業績公告 香港聯合交易所有限公司(「聯交所」)GEM的特色 GEM的定位,乃為中小型公司提供一個上市的市場,此等公司相比起其他在聯交 所上市的公司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在 風險,並應經過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司,在GEM買賣的證券可能會較於主板買賣 之證券承受較大的市場波動風險,同時無法保證在GEM買賣的證券會有高流通量 的市場。 本公告載有遵照聯交所GEM證券上市規則(「GEM上市規則」)的規定而提供有關 彌明生活百貨控股有限公司(「本公司」)資料的詳情,本公司董事(「董事」)就本公 告共同及個別地承擔全部責任。董事在作出一切合理查詢後確認,就彼等所深知 及確信,本公告所載資料在各重大方面均屬準確完備,並無誤導或欺詐成份,且 並 ...
弥明生活百货(08473) - 2023 - 年度业绩
2023-06-20 14:30
香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責, 對其準確性或完整性亦不發表任何聲明,並明確表示概不就因本公告全部或任何 部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 (於開曼群島註冊成立的有限公司) (股份代號:8473) 截至二零二三年三月三十一日止年度 全年業績公告 香港聯合交易所有限公司(「聯交所」)GEM的特色 GEM的定位,乃為中小型公司提供一個上市的市場,此等公司相比起其他在聯交 所上市的公司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在 風險,並應經過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司,在GEM買賣的證券可能會較於聯交所主 板買賣之證券承受較大的市場波動風險,同時無法保證在GEM買賣的證券會有高 流通量的市場。 本公告載有遵照聯交所GEM證券上市規則(「GEM上市規則」)的規定而提供有關 彌明生活百貨控股有限公司(「本公司」,連同其附屬公司統稱「本集團」)資料的詳 情,本公司董事(「董事」)就本公告共同及個別地承擔全部責任。董事在作出一切 合理查詢後確認,就彼等所深知及確信,本公告所載資料在各重大方面均屬準確 ...
弥明生活百货(08473) - 2023 Q3 - 季度财报
2023-02-14 13:51
Financial Performance - For the three months ended December 31, 2022, the company reported revenue of HKD 41,839,000, a 4.2% increase from HKD 40,155,000 in the same period last year[5] - Gross profit for the same period was HKD 26,199,000, up from HKD 25,704,000, reflecting a gross margin improvement[5] - The company achieved a profit before tax of HKD 10,142,000, representing a 23.2% increase compared to HKD 8,232,000 in the prior year[5] - Net profit for the three months was HKD 8,672,000, compared to HKD 6,921,000, marking a 25.3% year-over-year growth[5] - For the nine months ended December 31, 2022, total revenue reached HKD 131,422,000, a 15.0% increase from HKD 114,248,000 in the previous year[5] - The company reported a basic earnings per share of HKD 0.77 for the three months, up from HKD 0.62 in the same period last year[5] - Total comprehensive income for the nine months was HKD 19,303,000, compared to HKD 15,959,000, indicating a 20.0% increase[5] - The gross profit before tax for the nine months ended December 31, 2022, was HKD 27,008,000, compared to HKD 23,193,000 for the same period in 2021, indicating a growth of 16%[17] - Net profit increased from approximately HKD 16.0 million to approximately HKD 19.3 million, reflecting a growth of about 21.0%[36] - Basic earnings per share rose from approximately HKD 1.42 to approximately HKD 1.72, an increase of about HKD 0.30[37] Sales Performance - Retail store sales for the three months ended December 31, 2022, were HKD 32,160,000, compared to HKD 31,220,000 in the same period of 2021, reflecting a growth of 3%[16] - Online store sales increased to HKD 7,395,000 for the three months ended December 31, 2022, up from HKD 6,022,000 in the same period of 2021, marking a growth of 23%[16] - The increase in revenue was primarily driven by higher sales of food and health products through retail stores and the online shop[27] Dividend Information - The company declared an interim dividend of HKD 0.013 per share, totaling approximately HKD 14,600,000 for the nine months ended December 31, 2022, compared to a special dividend of HKD 0.018 per share totaling HKD 20,200,000 for the same period in 2021[21] - The interim dividend for the six months ended September 30, 2022, was HKD 0.013 per share, totaling approximately HKD 14.6 million, compared to a special dividend of HKD 0.018 per share totaling approximately HKD 20.2 million for the same period in 2021[39] - The final dividend proposed for the year ended March 31, 2022, is HKD 0.006 per share, amounting to approximately HKD 6.7 million, consistent with the previous year[39] Corporate Governance - The company has adhered to the corporate governance code, with the exception of a deviation regarding the separation of roles between the Chairman and CEO, which is held by the same individual, Ms. Yuan Mi Ming[52] - The audit committee has been established, consisting of three independent non-executive directors, to oversee internal audit functions and financial reporting processes[55] - The company emphasizes the importance of good corporate governance standards to protect shareholder interests and enhance corporate value[51] - All directors confirmed compliance with the trading standards as per GEM Listing Rules during the nine months ended December 31, 2022[49] - The company has not reported any interests in competing businesses by directors or controlling shareholders during the nine months ended December 31, 2022[50] Shareholder Information - Major shareholders include Prime Era Holdings with 542 million shares (48.39%) and Ms. Xing Jiajue with 244.53 million shares (21.83%) as of December 31, 2022[46] - The company has not granted any share options under its share option scheme since its adoption on January 23, 2018[48] Operational Highlights - The company continues to focus on expanding its multi-brand beauty and health product retail business in Hong Kong[9] - The company operates ten retail stores under the "MI MING MART" brand, focusing on beauty and health products[25] - The company completed the acquisition of residential property in Japan for a total cash consideration of approximately JPY 435.3 million (approximately HKD 25.3 million) during the nine months ended December 31, 2022[41] - As of December 31, 2022, the group had no significant capital commitments[40] - As of December 31, 2022, there were no significant contingent liabilities reported by the group[42] Expenses and Losses - Sales and distribution expenses increased from approximately HKD 26.5 million to approximately HKD 27.7 million, a rise of about 4.8%[31] - Administrative and operating expenses grew from approximately HKD 26.9 million to approximately HKD 28.0 million, an increase of about 4.2%[32] - The company recorded a loss of approximately HKD 3.5 million due to foreign exchange losses and other factors[30] Accounting and Taxation - The financial statements are prepared in accordance with Hong Kong Financial Reporting Standards and are unaudited[10] - The company has applied new accounting policies related to investment properties, which are measured at cost less accumulated depreciation and any accumulated impairment losses[14] - The company anticipates that the implementation of the two-tier profits tax system will not have a significant impact on its deferred tax position[20]
弥明生活百货(08473) - 2023 - 中期财报
2022-11-14 12:12
Financial Performance - The group's revenue increased from approximately HK$74,100,000 for the six months ended September 30, 2021, to approximately HK$89,600,000 for the six months ended September 30, 2022, representing a growth of about HK$15,500,000 or approximately 20.9%[7] - The gross profit for the six months ended September 30, 2022, was approximately HK$57,600,000, compared to HK$48,200,000 for the same period in 2021, an increase of approximately 19.4%[7] - The profit attributable to owners of the company for the six months ended September 30, 2022, was approximately HK$10,600,000, up from HK$9,000,000 for the same period in 2021, reflecting an increase of approximately 17.6%[7] - The total comprehensive income for the six months ended September 30, 2022, was approximately HK$10,631,000, compared to HK$9,038,000 for the same period in 2021[9] - Basic earnings per share for the six months ended September 30, 2022, was HK$0.95, compared to HK$0.81 for the same period in 2021[9] - The profit before tax for the six months ended September 30, 2022, was HKD 10,631,000, compared to HKD 9,038,000 for the same period in 2021, reflecting a growth of 17.6%[31] - The group's net profit rose from approximately HKD 9 million to approximately HKD 10.6 million, an increase of about 17.6%[82] Dividends - The board declared an interim dividend of HK$0.013 per share for the six months ended September 30, 2022, totaling approximately HK$14,600,000, compared to a special dividend of HK$0.018 per share totaling approximately HK$20,200,000 for the same period in 2021[7] - The total interim dividend declared for the six months ended September 30, 2022, was HKD 14,600,000, down from HKD 20,200,000 for the same period in 2021, indicating a decrease of approximately 27.8%[45] - The interim dividend record date is December 2, 2022, with a payment date of December 30, 2022[127] Revenue Sources - Retail store sales contributed HKD 70,409,000 for the six months ended September 30, 2022, up from HKD 64,718,000 in the previous year, representing an increase of 7.9%[27] - Online store sales increased significantly to HKD 14,540,000 for the six months ended September 30, 2022, compared to HKD 8,140,000 in the same period last year, marking an increase of 78.5%[27] - The group generated HKD 58,783,000 in revenue from skincare products for the six months ended September 30, 2022, up from HKD 53,374,000 in the previous year, which is an increase of 10.5%[36] - The group’s revenue from food and health products reached HKD 21,062,000 for the six months ended September 30, 2022, compared to HKD 13,821,000 in the same period last year, reflecting a substantial increase of 52.1%[36] - The group’s total revenue from services amounted to HKD 1,909,000 for the six months ended September 30, 2022, compared to HKD 197,000 in the previous year, marking a significant increase of 867.5%[36] Expenses and Costs - The company reported a significant increase in sales costs, which rose to approximately HK$32,015,000 for the six months ended September 30, 2022, from HK$25,885,000 for the same period in 2021[9] - The operating expenses for the six months ended September 30, 2022, were approximately HK$19,268,000, compared to HK$18,940,000 for the same period in 2021[9] - The group incurred total capital expenditures of approximately HKD 970,000 for property, plant, and equipment during the six months ended September 30, 2022, a significant decrease from HKD 2,524,000 for the same period in 2021, representing a decline of approximately 61.6%[50] - Selling and distribution expenses increased from approximately HKD 17.1 million to approximately HKD 18.6 million, an increase of about 8.4%[77] - Administrative and operating expenses slightly increased from approximately HKD 18.9 million to approximately HKD 19.3 million, a growth of about 1.7%[79] Assets and Liabilities - As of September 30, 2022, total assets amounted to HKD 152,039,000, an increase from HKD 150,232,000 as of March 31, 2022[12] - The company reported a total equity of HKD 149,368,000 as of September 30, 2022, up from HKD 145,457,000 as of March 31, 2022, indicating a growth of 2.6%[12] - The total liabilities decreased from HKD 4,775,000 to HKD 2,671,000 in non-current liabilities, showing a reduction of 44.1%[12] - The company’s inventory as of September 30, 2022, was reported at HKD 12,795,000, compared to HKD 11,851,000 as of March 31, 2022, indicating an increase of 8.0%[12] - The company’s retained earnings increased to HKD 133,957,000 as of September 30, 2022, from HKD 123,326,000, reflecting a growth of 8.3%[14] Cash Flow - The net cash generated from operating activities for the six months ended September 30, 2022, was HKD 17,935,000, compared to HKD 15,912,000 for the same period in 2021, representing a growth of 12.7%[17] - Cash and cash equivalents at the end of the period were HKD 71,922,000, an increase from HKD 63,745,000 at the beginning of the period, reflecting a rise of 12.1%[17] - The company incurred a net cash outflow from investing activities of HKD 4,098,000 for the six months ended September 30, 2022, compared to HKD 1,949,000 in the previous year[17] - The company paid dividends amounting to HKD 26,880,000 during the period, which was a significant cash outflow impacting the financing activities[17] Market Expansion and Strategy - The company aims to continue expanding its market presence and enhancing its product offerings in the upcoming periods[6] - The group aims to enhance competitiveness by expanding its sales network and enriching its product offerings[72] - The company opened three new retail stores, one in Causeway Bay, one in Kwun Tong, and one in Kowloon Bay/Tai Po, enhancing its retail network[23] - The company has actively sought suitable locations for new retail stores since its listing, successfully opening a new store in Kwai Fong in November 2021[23] Employee and Staffing - The group reported a total employee benefit expense of HKD 18,544,000 for the six months ended September 30, 2022, an increase from HKD 15,102,000 in the previous year, representing a rise of 16.2%[39] - The employee costs for the six months ended September 30, 2022, amounted to approximately HKD 18.5 million, an increase from HKD 15.1 million for the same period in 2021[99] - The company employed a total of 94 full-time employees and 16 part-time employees as of September 30, 2022, compared to 81 full-time and 14 part-time employees a year earlier[99] - The company has hired eight additional employees to meet staffing needs for the larger retail store in Causeway Bay and the new stores in Kwun Tong and Kwai Fong[105] Corporate Governance - The company has complied with the corporate governance code, except for the separation of roles between the chairman and CEO[125] - The Audit Committee has been established in accordance with GEM Listing Rules and consists of three independent non-executive directors[128] - The Audit Committee's main responsibilities include independent review of the group's financial reporting procedures and monitoring of audit processes[128] - The Audit Committee has reviewed the unaudited condensed consolidated financial statements for the six months ended September 30, 2022[128]
弥明生活百货(08473) - 2023 Q1 - 季度财报
2022-08-12 13:25
Financial Performance - For the three months ended June 30, 2022, the company reported revenue of HKD 44,011,000, an increase of 35.2% compared to HKD 32,559,000 for the same period in 2021[6] - Gross profit for the same period was HKD 28,126,000, representing a gross margin of 63.9%, up from HKD 21,165,000 and a gross margin of 65.0% in the prior year[6] - The company achieved a profit before tax of HKD 6,747,000, which is a 59.1% increase from HKD 4,241,000 in the previous year[6] - The net profit for the period was HKD 5,162,000, compared to HKD 3,434,000 in the same quarter of the previous year, reflecting a growth of 50.3%[6] - Basic earnings per share increased to HKD 0.46, up from HKD 0.31, marking a growth of 48.4% year-over-year[6] - Total revenue for the three months ended June 30, 2022, was HKD 44,011,000, an increase of 35.4% compared to HKD 32,559,000 for the same period in 2021[18] - Retail store sales amounted to HKD 34,878,000, up 21.5% from HKD 28,694,000 in the previous year[18] - The company reported a profit attributable to owners of the company of HKD 5,162,000 for the three months ended June 30, 2022, compared to HKD 3,434,000 in the same period last year, representing a 50.4% increase[26] - Basic earnings per share for the three months ended June 30, 2022, was HKD 0.0046, based on a weighted average of 1,120,000,000 shares[27] - The group’s revenue increased from approximately HKD 32,600,000 to approximately HKD 44,000,000, representing a growth of about 35.2% year-on-year[33] - The group’s net profit rose from approximately HKD 3,400,000 to approximately HKD 5,200,000, an increase of about 50.3%[43] - Basic earnings per share increased from approximately HKD 0.31 to about HKD 0.46[44] Equity and Shareholder Information - The company’s total equity as of June 30, 2022, was HKD 150,619,000, an increase from HKD 145,457,000 at the beginning of the quarter[8] - As of June 30, 2022, the company has a significant shareholder, Prime Era, holding 542,000,000 shares, representing 48.39% of the company's equity[60] - The company reported that Ms. Yuan Mi Ming and Mr. Lin Yu Yang each hold 542,000,000 shares, accounting for 48.39% of the company's equity[55] - Ms. Yuan Mi Wang holds 47,000,000 shares, which is 4.20% of the company's equity[55] - Major shareholder Ms. Xing Jia Jue owns 244,530,000 shares, representing 21.83% of the company's equity[60] - The company has not granted any stock options under its stock option plan since its adoption on January 23, 2018[62] - The company has disclosed no other individuals holding 5% or more of the shares apart from those mentioned[61] Corporate Governance - The board of directors has confirmed the accuracy and completeness of the financial information presented in the report[2] - The company has adopted the corporate governance code as a guideline for its governance practices[66] - The board of directors confirmed compliance with the trading standards as of June 30, 2022[63] - The audit committee has been established in accordance with GEM Listing Rules and consists of three independent non-executive directors[71] - The audit committee's main responsibilities include independent review of the group's financial reporting procedures and oversight of the audit process[71] - The audit committee has reviewed the unaudited quarterly results for the three months ended June 30, 2022[71] Business Operations - The company continues to focus on multi-brand beauty and health product retailing in Hong Kong, indicating a commitment to market expansion[10] - The company has focused on offering a diverse range of beauty and health products, categorized into skincare, cosmetics, and food and health products[30] - The company operates ten retail stores under the "MI MING MART" brand and has an online store as well as partnerships with third-party e-commerce platforms[30] - The company has introduced beauty services since September 2021, expanding its service offerings[30] Expenses and Taxation - The total employee benefits expense for the three months ended June 30, 2022, was HKD 7,736,000, compared to HKD 6,943,000 in the previous year, reflecting an increase of 11.4%[20] - The income tax expense for the three months ended June 30, 2022, was HKD 1,585,000, compared to HKD 807,000 in the same period last year, indicating a significant increase[21] - The cost of sales rose from approximately HKD 11,400,000 to approximately HKD 15,900,000, an increase of about 39.4%[34] - Sales and distribution expenses increased from approximately HKD 8,100,000 to approximately HKD 9,100,000, an increase of about 11.8%[38] Other Information - The company has not disclosed specific new product launches or technological advancements in this report, but it remains a key area of focus for future growth[10] - The company did not declare any interim dividend for the three months ended June 30, 2022, consistent with the previous year[28] - The group recorded a loss of approximately HKD 4,100,000 for the quarter, primarily due to foreign exchange losses of about HKD 4,200,000[37] - There were no significant acquisitions or disposals of investments during the quarter[50] - The company has not purchased, sold, or redeemed any of its listed securities during the three months ending June 30, 2022[69] - The company believes that having Ms. Yuan Mi Ming serve as both the chairman and CEO is in the best interest of the group[68]
弥明生活百货(08473) - 2022 - 年度财报
2022-06-28 09:44
Financial Performance - For the fiscal year ending March 31, 2022, the company's revenue and gross profit increased by 8.1% and 6.5% respectively compared to the previous year[20]. - The sales revenue from food and health products grew by 50.5%, significantly contributing to the overall revenue growth[20]. - The profit attributable to the company's owners decreased by approximately HKD 4 million or 14.3% to about HKD 23.8 million for the fiscal year ending March 31, 2022[21]. - The group's revenue increased from approximately HKD 148.9 million in the previous year to approximately HKD 161 million, representing a growth of about HKD 12.1 million or 8.1%[26]. - Gross profit for the year was approximately HKD 104.3 million, up from HKD 97.9 million, reflecting an increase of about 6.5%[26]. - Profit attributable to owners of the company decreased to approximately HKD 20.1 million, down 25.9% from HKD 27.1 million in the previous year[26]. - Net profit decreased from approximately HKD 27,100,000 to HKD 20,100,000, a decline of about HKD 7,000,000 or approximately 25.9%, with the net profit margin dropping from about 18.2% to 12.5%[39]. Dividends - The company plans to pay a final dividend of HKD 0.006 per share for the fiscal year ending March 31, 2022[21]. - The company plans to pay a final dividend of HKD 0.006 per share, totaling approximately HKD 6.7 million, consistent with the previous year[27]. - The board proposed a final dividend of HKD 0.006 per share, totaling approximately HKD 6,700,000, consistent with the previous year[52]. Operational Changes - The company has relocated several retail stores to more favorable locations to attract higher foot traffic[20]. - The company shifted focus to online shopping during the fifth wave of COVID-19 in Hong Kong to maintain stable revenue[20]. - The launch of new health products under the "INVITY" and "POME" brands contributed to the increase in sales revenue[20]. - Sales revenue from the new store opened in November 2021 contributed approximately HKD 4.2 million to the overall revenue increase[29]. - Online sales revenue increased by approximately HKD 4.9 million due to a shift to online shopping during the COVID-19 pandemic[29]. Expenses and Costs - The increase in marketing expenses and reduced foreign exchange gains were primary factors for the decline in profit[21]. - The cost of sales rose from approximately HKD 51 million to about HKD 56.8 million, an increase of approximately 11.3%[31]. - Selling and distribution expenses increased by approximately HKD 5.6 million to about HKD 38.2 million, a rise of 17.1%[34]. - Administrative and operating expenses increased by approximately HKD 5,300,000 to HKD 41,000,000, representing a growth of about 15.0% compared to the previous year[35]. Employee and Staffing - As of March 31, 2022, the group employed a total of 84 full-time employees and 13 part-time employees, an increase from 79 full-time and 11 part-time employees in the previous year[55]. - Employee costs, including director remuneration, amounted to approximately HKD 38,900,000 for the year ending March 31, 2022, compared to HKD 28,900,000 in the previous year, reflecting a year-on-year increase of 34.7%[55]. Corporate Governance - The board of directors held a total of seven meetings during the fiscal year ending March 31, 2022, with all directors attending at least 5 out of 7 meetings[106]. - The company has adopted a diversity policy for its board members, with the current composition being 5 females and 3 males out of 8 total directors[115]. - The company has complied with the GEM Listing Rules by appointing at least three independent non-executive directors, constituting one-third of the board[108]. - The board is responsible for overseeing the company's business strategies and performance, ensuring effective internal controls and risk management systems[111]. - The company has established written guidelines for employees regarding securities trading, ensuring compliance with the standards set forth[100]. Environmental, Social, and Governance (ESG) - The environmental, social, and governance (ESG) report covers the period from April 1, 2021, to March 31, 2022, and includes 12 locations, all based in Hong Kong[158]. - The company has been committed to providing health-conscious products since its establishment in 2009, aligning with its brand philosophy of "choosing beauty"[159]. - The company has implemented various policies and guidelines to integrate ESG strategies into daily operations, promoting a culture of sustainability among employees[161]. - The company engages with various stakeholders, including customers and suppliers, to ensure product quality, safety, and compliance with environmental standards[168]. - The company prioritizes employee training and career development as part of its commitment to a safe and supportive work environment[168]. Risk Management - The board acknowledges its overall responsibility for assessing and determining the nature and extent of risks it is willing to take in achieving the company's strategic objectives[142]. - The company conducts annual independent reviews of its risk management and internal control systems to identify and manage significant risks[165]. - The board has conducted an annual review of the risk management and internal control systems in May 2022, confirming that these systems are effective and adequate[144].
弥明生活百货(08473) - 2022 Q3 - 季度财报
2022-02-11 13:21
Financial Performance - For the three months ended December 31, 2021, the company reported revenue of HKD 40,155 thousand, an increase of 5.2% compared to HKD 38,157 thousand for the same period in 2020[6]. - The gross profit for the same three-month period was HKD 25,704 thousand, representing a gross margin of 64.0%[6]. - The net profit for the three months ended December 31, 2021, was HKD 6,921 thousand, a decrease of 18.8% from HKD 8,533 thousand in the prior year[6]. - For the nine months ended December 31, 2021, total revenue reached HKD 114,248 thousand, up 7.4% from HKD 105,933 thousand in the same period of 2020[6]. - The company achieved a net profit of HKD 15,959 thousand for the nine months, down 25.5% from HKD 21,984 thousand in the previous year[6]. - Basic earnings per share for the three months was HKD 0.62, compared to HKD 0.76 for the same period last year[6]. - The total comprehensive income for the nine months was HKD 21,984 thousand, which included a significant dividend distribution of HKD 26,880 thousand[8]. - The basic earnings per share for the nine months ended December 31, 2021, were HKD 14.25, compared to HKD 19.63 for the same period in 2020, reflecting a decrease of 27.5%[24]. Revenue Breakdown - For the three months ended December 31, 2021, total revenue was HKD 40,155,000, an increase from HKD 38,157,000 for the same period in 2020, representing a growth of 5.2%[16]. - For the nine months ended December 31, 2021, total revenue reached HKD 114,248,000, compared to HKD 105,933,000 for the same period in 2020, reflecting an increase of 7.4%[16]. - The retail store sales for the nine months ended December 31, 2021, were HKD 95,938,000, up from HKD 89,536,000 in the previous year, marking a growth of 7.4%[16]. - The online store sales for the nine months ended December 31, 2021, were HKD 14,162,000, slightly down from HKD 14,594,000 in the previous year, indicating a decrease of 3%[16]. - The gross profit for the nine months ended December 31, 2021, was HKD 23,055,000, compared to HKD 21,334,000 for the same period in 2020, showing an increase of 8.1%[17]. Expenses and Liabilities - The total employee benefit expenses for the nine months ended December 31, 2021, amounted to HKD 23,193,000, up from HKD 16,748,000 in the previous year, representing a rise of 38.5%[17]. - The income tax expense for the nine months ended December 31, 2021, was HKD 3,360,000, down from HKD 5,292,000 in the previous year, indicating a decrease of 36.5%[19]. - Selling and distribution expenses increased by approximately HKD 4.2 million to about HKD 26.5 million, a rise of about 18.5%, mainly due to increased marketing expenses and staff costs[33]. - The group recorded a loss of approximately HKD 700,000 in other income, primarily due to a slight depreciation of the Australian dollar against the Hong Kong dollar, resulting in a foreign exchange loss of about HKD 500,000[32]. - The group had no significant contingent liabilities as of December 31, 2021[45]. Dividends and Shareholder Information - The company declared a special dividend of HKD 0.018 per share, totaling approximately HKD 20,200,000, after considering its financial position and cash flow[22]. - The company did not recommend any interim dividend for the nine months ended December 31, 2021, consistent with the previous year[22]. - The board decided not to declare any interim dividend for the nine months ended December 31, 2021, but approved a special dividend of HKD 0.018 per share, totaling approximately HKD 20.2 million[42]. - Prime Era Holdings Limited, owned by Ms. Yuan Mi Ming, holds 542,000,000 shares, representing 48.4% of the company's equity[52]. - Ms. Xing Jia Jue holds 244,530,000 shares, representing 21.8% of the company's equity[52]. Corporate Governance and Compliance - The financial statements are prepared in accordance with Hong Kong Financial Reporting Standards and are unaudited[11]. - The company is committed to maintaining transparency and accuracy in its financial reporting as confirmed by the board of directors[12]. - The company is committed to good corporate governance standards to protect shareholder interests and enhance corporate value[58]. - The company has complied with the corporate governance code except for the separation of roles between the Chairman and CEO, which is deemed appropriate for effective management and business development[59]. - The audit committee has been established and consists of three independent non-executive directors, with a focus on internal audit functions and financial reporting procedures[63]. Business Strategy and Market Position - The company continues to focus on expanding its multi-brand beauty and health product retail business in Hong Kong[10]. - The group aims to maintain its leading position in the multi-brand retail market for skincare and cosmetics in Hong Kong[27]. - The group plans to enhance competitiveness by expanding its sales network, enriching its product portfolio, and developing its e-commerce business[27]. - The group’s revenue increased from approximately HKD 105.9 million for the nine months ended December 31, 2020, to approximately HKD 114.2 million for the same period in 2021, representing a growth of about 7.8%[28]. - The increase in revenue was primarily due to a rise of approximately HKD 6.4 million from retail store sales, attributed to the relocation of stores in Tsim Sha Tsui and Sha Tin, and the opening of a new store in Kwai Fong in November 2021[28]. Auditor Information - Deloitte resigned as the company's auditor on January 27, 2022, and a new auditor, Crowe (HK) CPA Limited, was appointed the same day[62]. - The company has not disclosed specific financial performance metrics or user data in the provided documents[61].
弥明生活百货(08473) - 2022 - 中期财报
2021-11-11 14:07
Financial Performance - The group's revenue increased from approximately HKD 67.8 million for the six months ended September 30, 2020, to approximately HKD 74.1 million for the six months ended September 30, 2021, representing a growth of about 9.3%[6] - Gross profit for the six months ended September 30, 2021, was approximately HKD 48.2 million, an increase of about 7.5% compared to HKD 44.9 million for the same period in 2020[6] - Profit attributable to owners of the company for the six months ended September 30, 2021, was approximately HKD 9 million, a decrease of about 32.8% from HKD 13.5 million for the same period in 2020[6] - The total comprehensive income for the six months ended September 30, 2021, was approximately HKD 9.0 million, compared to HKD 13.5 million for the same period in 2020[9] - Basic earnings per share for the six months ended September 30, 2021, was HKD 0.81, down from HKD 1.20 for the same period in 2020[9] - The company recorded a pre-tax profit of approximately HKD 11.1 million for the six months ended September 30, 2021, compared to HKD 16.8 million for the same period in 2020[9] - Revenue for the three months ended September 30, 2021, was HKD 41,534,000, an increase of 5.8% from HKD 38,340,000 in the same period of 2020[26] - Profit for the three months ended September 30, 2021, was HKD 5,604,000, down 36.4% from HKD 8,837,000 in the same period of 2020[32] - Profit for the six months ended September 30, 2021, was HKD 9,038,000, a decrease of 32.5% from HKD 13,451,000 in the same period of 2020[32] Dividends - After considering the financial position and cash flow, the board declared a special dividend of HKD 0.018 per share, totaling approximately HKD 20.2 million[7] - The board proposed a final dividend of HKD 0.006 per share, totaling approximately HKD 6.7 million, which was approved by shareholders[7] - The company did not recommend or declare any interim dividend for the six months ended September 30, 2021[6] - The company paid dividends amounting to HKD 20,160,000 during the financing activities[15] - The company did not declare any interim dividend for the six months ended September 30, 2021, consistent with the previous year[37] - The company paid a special dividend of HKD 0.018 per share, totaling approximately HKD 20,200,000[37] Revenue Breakdown - Retail store sales reached HKD 64,718,000, up 12.7% from HKD 57,755,000 in the previous year[23] - Online store sales decreased to HKD 8,140,000, down 11.8% from HKD 9,224,000 year-on-year[23] - Skincare product revenue for the six months ended September 30, 2021, was HKD 53,374,000, an increase of 8.5% from HKD 49,468,000 in the same period of 2020[29] - Cosmetic product revenue for the six months ended September 30, 2021, was HKD 3,705,000, up 10.8% from HKD 3,346,000 in the same period of 2020[29] Cash Flow and Assets - Net cash generated from operating activities for the six months was HKD 15,912,000, a decrease of 33.4% from HKD 23,977,000 in the prior year[15] - The company reported a net cash and cash equivalents balance of HKD 99,217,000 at the end of the period, a decrease from HKD 110,382,000 at the beginning of the period[15] - Total assets less current liabilities amounted to HKD 138,167,000, down 12.5% from HKD 157,919,000 as of March 31, 2021[11] - The company’s equity totalled HKD 134,373,000, a decrease of 11.7% from HKD 152,215,000 as of March 31, 2021[11] - The company’s total liabilities increased to HKD 28,933,000, up from HKD 23,740,000 as of March 31, 2021[11] Expenses - Total employee costs for the six months ended September 30, 2021, were HKD 15,102,000, an increase of 30.5% from HKD 11,526,000 in the same period of 2020[32] - Sales and distribution expenses increased by approximately HKD 3,000,000 to about HKD 17,100,000 for the six months ended September 30, 2021, representing a rise of approximately 21.3%[59] - Administrative and operating expenses rose by approximately HKD 2,700,000 to about HKD 18,900,000 for the six months ended September 30, 2021, an increase of approximately 17.1%[61] Market Strategy and Expansion - The company plans to continue its market expansion and product development strategies to enhance future growth[6] - The group aims to enhance competitiveness by expanding its sales network, enriching its product portfolio, and developing its e-commerce business[53] - The group successfully identified and rented a suitable location for a new retail store in Kwai Fong, which is expected to open in November 2021[83] - The group has fully utilized funds designated for hiring a store expansion manager and for renovating existing retail stores[85] - The group has completed the upgrade and enhancement of its self-operated online store, integrating it with the sales point system[90] - The group has hired additional staff to handle customer service and orders for the self-operated online store due to anticipated increases in online customer traffic[91] Corporate Governance - The company has established an Audit Committee consisting of three independent non-executive directors to oversee financial reporting and risk management systems[112] - The company has complied with the corporate governance code, with a noted deviation regarding the roles of the Chairman and CEO being held by the same individual, which the board believes is in the best interest of the group[109] - The company emphasizes the importance of good corporate governance standards for protecting shareholder interests and enhancing corporate value[108] - The Audit Committee reviewed the unaudited condensed consolidated financial statements for the six months ending September 30, 2021[112] Shareholder Information - Prime Era Holdings Limited holds a 49.91% stake in the company, with 559,000,000 shares owned[102] - Ms. Xing Jiajue owns 21.98% of the company, holding 246,190,000 shares[102] - The company has not granted any stock options under its stock option plan since its adoption in January 2018[104] Other Information - The group recorded a loss of approximately HKD 700,000 for the six months ended September 30, 2021, compared to a profit of approximately HKD 2,600,000 in the same period of 2020, primarily due to foreign exchange losses from the depreciation of the AUD against the HKD[58] - The actual tax expenses for the six months ended September 30, 2021, were approximately HKD 2,000,000, with an effective tax rate of about 18.5%[63] - The group has not conducted any significant acquisitions or disposals of subsidiaries or associated companies during the six months ended September 30, 2021[79] - There are no major investment or capital asset plans as of September 30, 2021[80] - The company has maintained a commitment to transparency and accountability in its operations[108]
弥明生活百货(08473) - 2022 Q1 - 季度财报
2021-08-13 13:01
Financial Performance - Revenue for the three months ended June 30, 2021, was HKD 32,559,000, representing an increase of 10.8% compared to HKD 29,436,000 for the same period in 2020[6] - Gross profit for the same period was HKD 21,165,000, with a gross margin of approximately 65%[6] - The net profit for the three months ended June 30, 2021, was HKD 3,434,000, a decrease of 25.5% from HKD 4,614,000 in the prior year[6] - Basic earnings per share for the period was HKD 0.31, down from HKD 0.41 in the same quarter of the previous year[6] - The company reported a decrease in pre-tax profit to HKD 4,241,000 from HKD 5,878,000 year-over-year[6] - Total revenue for the three months ended June 30, 2021, was HKD 32,559,000, an increase of 7.2% from HKD 29,436,000 in the same period of 2020[17] - Gross profit for the three months ended June 30, 2021, was HKD 32,516,000, compared to HKD 29,321,000 in the previous year, reflecting a growth of 7.5%[17] - The pre-tax profit for the three months ended June 30, 2021, was HKD 3,434,000, down 25.5% from HKD 4,614,000 in the same period of 2020[22] - The group's revenue increased from approximately HKD 29,400,000 to approximately HKD 32,600,000, representing a growth of about 10.6%[30] - The group's net profit decreased from approximately HKD 4,600,000 to approximately HKD 3,400,000, a decline of about 25.6%[40] - Basic earnings per share fell from approximately HKD 0.41 to about HKD 0.31[41] Expenses and Costs - Administrative and operating expenses for the quarter were HKD 7,819,000, compared to HKD 8,358,000 in the previous year, indicating a reduction of approximately 6.4%[6] - Employee benefit expenses totaled HKD 6,943,000 for the three months ended June 30, 2021, an increase of 21.6% from HKD 5,710,000 in the previous year[18] - Selling and distribution expenses increased from approximately HKD 6,900,000 to approximately HKD 8,100,000, an increase of about 18.2%[35] - The cost of sales rose from approximately HKD 10,100,000 to approximately HKD 11,400,000, an increase of about 13.0%[31] - Administrative and operating expenses decreased from approximately HKD 8,400,000 to approximately HKD 7,800,000, a decline of about 6.4%[37] Dividends and Shareholder Information - The company declared a special dividend of HKD 0.018 per share, totaling approximately HKD 20,200,000, to be paid on September 24, 2021[24] - The board declared a special dividend of HKD 0.018 per ordinary share, totaling approximately HKD 20,200,000[44] - The company’s major shareholder, Prime Era, holds 559,000,000 shares, representing 49.9% of the company's equity[59] - Another major shareholder, Ms. Xing Jiajue, holds 246,510,000 shares, representing 22.0% of the company's equity[59] Taxation - The company reported a decrease in income tax expense to HKD 807,000 for the three months ended June 30, 2021, from HKD 1,264,000 in the same period of 2020[19] - The effective tax rate decreased from approximately 21.5% to about 19.0%[39] Corporate Governance - The financial statements are prepared in accordance with Hong Kong Financial Reporting Standards, ensuring compliance with GEM listing rules[11] - The company is committed to maintaining transparency and accuracy in its financial reporting, as confirmed by the board of directors[12] - The company has complied with the corporate governance code, except for a deviation regarding the separation of roles between the chairman and the CEO[66] - The founder, Ms. Yuan Miming, serves as both the chairman and CEO, which the board believes is in the best interest of the company[67] - The audit committee consists of three independent non-executive directors, ensuring compliance with GEM listing rules and corporate governance codes[70] - The audit committee's main responsibilities include independent reviews of the group's financial reporting procedures and oversight of the audit process[70] Business Strategy - The company continues to focus on multi-brand beauty and health product retailing in Hong Kong[10] - The company plans to maintain its leading position in the multi-brand retail sector for skincare and cosmetics in Hong Kong by expanding its sales network and enhancing its product offerings[28] - The company aims to leverage its comprehensive understanding of the skincare and cosmetics market to seize growth opportunities[28] - The company operates ten retail stores under the "MI MING MART" brand, focusing on health and beauty products[27] Other Information - No significant acquisitions or disposals were made by the company during the three months ended June 30, 2021[48] - As of June 30, 2021, the company had no significant contingent liabilities[49] - The company has not granted any options under its share option scheme since its adoption on January 23, 2018[61] - The company did not purchase, sell, or redeem any of its listed securities during the three months ended June 30, 2021[68] - The group recorded a loss of approximately HKD 800,000, primarily due to a foreign exchange loss of about HKD 700,000[34]