Financial Performance - For the nine months ended September 30, 2024, the company reported revenue of HKD 2,862,173, a decrease of 3.1% compared to HKD 2,955,978 for the same period in 2023[2] - Gross profit for the same period was HKD 997,437, down from HKD 1,005,835, reflecting a slight decline in profitability[2] - The company's net profit for the nine months was HKD 255,492, a decrease of 6.2% from HKD 272,272 in the previous year[2] - Basic and diluted earnings per share were HKD 24.07, down from HKD 25.90, indicating a decline of 7.1%[2] - The company did not recommend any dividend payment for the current period, maintaining a zero dividend for the nine months ended September 30, 2023[10] Assets and Liabilities - Total assets as of September 30, 2024, were HKD 3,890,887, an increase from HKD 3,787,548 as of December 31, 2023[4] - Non-current assets increased to HKD 2,333,756 from HKD 2,179,577, showing growth in long-term investments[3] - Current liabilities rose to HKD 918,425 from HKD 896,185, indicating a slight increase in short-term obligations[4] - The company’s cash and cash equivalents decreased to HKD 982,450 from HKD 1,199,054, reflecting a reduction in liquidity[3] - The company’s total equity increased to HKD 3,783,844 from HKD 3,674,703, indicating a strengthening of the financial position[4] Shareholder Information - The company’s controlling shareholder, Nissin Foods Holdings Co., Ltd., holds approximately 72.05% of the issued shares, reflecting strong ownership stability[1] Revenue Breakdown - Revenue from external customers in Hong Kong and other Asia was HKD 1,097.7 million, while revenue from mainland China was HKD 1,764.5 million for the nine months ended September 30, 2024[11] - The company's operating performance in Hong Kong and other Asia showed a revenue decrease of 3.9%, attributed to consumer spending shifts to the Greater Bay Area[11] - The mainland China business revenue decreased by 2.7% (a 1.5% decrease in local currency), due to weaker consumer sentiment and the depreciation of the RMB against the HKD[11] Acquisitions and Market Presence - The company acquired 100% of Gaemi Food Co., Ltd. on September 3, 2024, for KRW 48,000 million (approximately HKD 286.94 million)[15] - The integration of GAEMI FOOD as a subsidiary since September 2024 is expected to enhance the company's market presence[21] Auditor Review and Compliance - The company’s auditor has reviewed the unaudited consolidated financial information without any reservations[9] - The financial results were prepared in accordance with International Financial Reporting Standards, and comparisons with the group's financial performance should be made cautiously due to differing fiscal year ends[18] Performance in China Segment - Revenue from the China segment for the six months ending September 30, 2024, was ¥35,457 million, reflecting a 7.7% increase compared to the previous year[21] - Core operating profit for the China segment was ¥3,691 million, a 4.6% increase year-over-year[21] Sales Performance - For the three months ending September 30, 2024, net sales to third parties reached ¥18,999 million, a 5.1% increase from ¥18,076 million in the same period of 2023[20] - Total sales for the six months ending September 30, 2024, amounted to ¥37,128 million, up 7.4% from ¥34,545 million in the same period of 2023[20] - Operating income for the three months ending September 30, 2024, was ¥2,437 million, slightly up from ¥2,420 million in the same period of 2023[20] - The company reported a stable sales performance for its bagged noodles despite a decline in frozen food sales in Hong Kong due to changing consumer behavior[21] Risks and Future Outlook - The company emphasized the importance of considering significant risks and uncertainties that may impact future performance forecasts[22]
日清食品(01475) - 2024 Q3 - 季度业绩