利宝阁集团(01869) - 2024 - 中期财报

Financial Performance - The Group's revenue for the six months ended June 30, 2024, was approximately HK$74.5 million, representing a decrease of approximately 20.3$13.9 million, an increase in loss by approximately HK$9.8 million compared to approximately HK$4.1 million for the previous period[7]. - Loss per share was approximately HK1.23 cents[7]. - Revenue for the six months ended June 30, 2024, was HK$74,514,000, a decrease of 20.2$93,456,000 in the same period of 2023[9]. - Loss before taxation for the period was HK$13,857,000, compared to a loss of HK$3,622,000 in the prior year, indicating a significant increase in losses[9]. - Total comprehensive expense for the period was HK$13,157,000, compared to HK$2,710,000 in the same period of 2023, reflecting a worsening financial position[9]. - Basic and diluted loss per share was HK$1.23, compared to HK$0.37 in the previous year, highlighting a decline in shareholder value[9]. - The Group recorded a consolidated net loss of approximately HK$13,897,000 for the six months ended June 30, 2024[21]. - For the six months ended June 30, 2024, the company reported a loss attributable to owners of HK$13,897,000, compared to a loss of HK$4,105,000 in the same period of 2023[46]. - The Group's gross profit for the Period was approximately HK$43.1 million, a decrease of approximately 28.8% from approximately HK$60.5 million in the Previous Period[82]. - The overall gross profit margin decreased to approximately 57.9$111,589,000, an increase from HK$108,008,000 at the end of 2023[10]. - Current liabilities totaled HK$112,533,000, slightly up from HK$110,631,000 at the end of 2023, indicating a stable liability position[11]. - Non-current liabilities decreased to HK$42,843,000 from HK$55,105,000, suggesting a reduction in long-term financial obligations[11]. - As of June 30, 2024, the Group had net liabilities of approximately HK$43,787,000 and net current liabilities of approximately HK$59,601,000[21]. - Total deficits attributable to owners of the company were HK$43,787,000, down from HK$57,728,000 at the end of 2023, indicating a reduction in accumulated losses[10]. Cash Flow and Financing - Cash and cash equivalents increased to HK$35,354,000 from HK$16,880,000, showing improved liquidity[10]. - Net cash generated from operating activities was HK$5,138,000, a decrease from HK$15,080,000 in the same period of 2023[16]. - The Group's cash and cash equivalents at the end of the period were HK$35,354,000, an increase from HK$25,011,000 in the previous year[16]. - Proceeds from the issue of shares amounted to HK$28,030,000 during the period[16]. - The Group is actively seeking additional new sources of financing, including bank borrowings, to improve liquidity[22]. - The ultimate controlling shareholder has agreed to provide continuous financial support to meet the Group's liabilities[23]. - The Group's working capital planned usage is HK$10.84 million, with HK$3.42 million already utilized, leaving a remaining balance of HK$7.42 million[128]. Operational Developments - The Group plans to undergo a rebranding process and intends to develop the civet coffee business, including setting up coffee shops and trading in the PRC[22]. - The Group continues to implement active cost control measures to optimize operations in response to the challenging business environment[76]. - The Group plans to implement a multibrand strategy for steady growth and prudent expansion in Hong Kong, along with progressive expansion in the PRC market[123][126]. - The Group intends to enhance its marketing initiatives and improve existing restaurant facilities to attract more new customers[123][126]. - The Group may consider expanding into other types of cuisines and operation modes when opportunities arise, aiming to maximize returns to shareholders[124]. Shareholder Information - Mr. Liang holds a long position of 564,993,860 shares, representing approximately 43.47$15.8 million was made for a legal case involving Excel Linker (Hong Kong) Limited, reflecting an increase from HK$13.4 million as of December 31, 2023[109][112]. Employee Information - The Group had approximately 399 employees as of June 30, 2024, a decrease of about 16$25.1 million for the period, down from approximately HK$26.5 million in the previous period[114][118].