Financial Performance - For the six months ended September 30, 2023, the company reported revenue of HK$13,695,000, an increase of 5.5% compared to HK$12,974,000 for the same period in 2022[15]. - The gross profit for the same period was HK$7,449,000, up from HK$7,040,000, reflecting a gross profit margin improvement[15]. - The loss before tax for the six months was HK$9,402,000, a reduction from a loss of HK$12,939,000 in the previous year, indicating a 27.5% improvement[15]. - For the six months ended September 30, 2023, the total comprehensive loss attributable to owners of the Company was HK$9,267,000, a decrease of 20.5% compared to HK$11,656,000 for the same period in 2022[17]. - The basic loss per share for the six months ended September 30, 2023, was HK$0.15, improving from HK$0.15 in the previous year[17]. - The Company recorded a loss for the period attributable to owners of the Company of HK$9,247,000 for the six months ended September 30, 2023, down from HK$11,780,000 in the same period last year, a reduction of 21.5%[17]. - The total comprehensive loss for the period was HK$5,301,000 for the three months ended September 30, 2023, compared to HK$7,326,000 for the same period in 2022, a decrease of 27.7%[17]. Expenses and Costs - Employee benefit expenses increased to HK$6,288,000 from HK$5,716,000, representing a rise of 10% year-on-year[15]. - Administrative expenses decreased significantly to HK$4,574,000 from HK$9,676,000, showing a reduction of 52.8%[15]. - The depreciation expense for the six months was HK$4,397,000, slightly higher than HK$4,250,000 in the same period last year[15]. - Central administrative costs and finance costs amounted to HK$6,023,000 for the six months ended September 30, 2023[49]. - The cost of inventories sold for the six months ended September 30, 2023, was HK$6,246,000, an increase from HK$5,934,000 in the same period of 2022[61]. - Property rentals and related expenses increased by approximately HK$0.5 million to HK$1.0 million, mainly due to short-term leases for the old office in Sheung Wan[111]. - Fuel and utility expenses remained stable at approximately HK$0.6 million for the six months ended 30 September 2023, compared to approximately HK$0.5 million for the same period in 2022[117][121]. Assets and Liabilities - Non-current assets increased to HK$17,141,000 as of September 30, 2023, compared to HK$11,553,000 as of March 31, 2023, representing a growth of 48.5%[19]. - Current assets rose to HK$12,080,000 as of September 30, 2023, up from HK$9,806,000 as of March 31, 2023, indicating a 23.0% increase[19]. - The Company reported a net current liabilities position of HK$6,707,000 as of September 30, 2023, an improvement from HK$10,436,000 as of March 31, 2023[19]. - Total equity attributable to owners of the Company increased to HK$13,243,000 as of September 30, 2023, compared to HK$3,596,000 as of March 31, 2023[20]. - The Company’s cash and cash equivalents significantly increased to HK$6,527,000 as of September 30, 2023, from HK$2,729,000 as of March 31, 2023, marking a growth of 139.5%[19]. - Trade payables rose to HK$2,200,000 as of September 30, 2023, compared to HK$1,500,000 as of March 31, 2023, reflecting a 46.7% increase[19]. - Trade receivables as of 30 September 2023 total HK$1,809,000, a decrease from HK$2,657,000 as of 31 March 2023, indicating improved collection efficiency[80]. Revenue Segmentation - Revenue from the provision of catering services was HK$10,132,000, slightly down from HK$10,256,000 in the previous year[39]. - Sales and processing of food generated revenue of HK$3,563,000, up from HK$2,718,000 in the previous year[39]. - For the six months ended September 30, 2023, segment revenue from restaurant operations in Hong Kong was HK$10,132,000, and from food sales and processing was HK$3,563,000, totaling HK$13,695,000[49]. - The segment loss for the same period was HK$2,267,000 for restaurant operations and HK$1,112,000 for food sales and processing, resulting in a total segment loss of HK$3,379,000[49]. Future Outlook and Strategy - Future outlook includes a focus on market expansion and potential new product development strategies[15]. - The company is actively exploring opportunities for mergers and acquisitions to enhance growth prospects[15]. - The Group opened a new hotpot restaurant under the brand "鮮入圍者" in Whampoa in August 2023 following a rights issue completed on June 14, 2023[97]. - Management is focused on identifying root causes for underperformance in certain restaurants and optimizing operations to improve results[99]. - The management licensed the operation of the "Shio" restaurant to an independent third party to secure a minimum profit starting from August 1, 2023, due to uncertainties related to the Fukushima nuclear water discharge[95]. Share and Capital Management - The company issued shares upon rights issue, raising HK$19,828,000, with transaction costs of HK$1,692,000[26]. - The Group issued 77,758,000 shares during the rights issue on 14 June 2023 at HK$0.265 per share, increasing the total issued shares to 93,310,000 as of 30 September 2023[90]. - The net proceeds from the Rights Issue amounted to approximately HK$18.92 million, with 77,757,995 shares issued at HK$0.265 per share[150]. - The total actual net proceeds utilized from the Rights Issue is HK$13.418 million, with HK$5.502 million remaining[154]. Compliance and Governance - The Company has complied with the Corporate Governance Code, except for the vacancy of the Chief Executive position since November 23, 2020[169]. - The Audit Committee reviewed the unaudited consolidated financial statements for the six months ended September 30, 2023, and confirmed compliance with applicable accounting standards and GEM Listing Rules[184]. - The Company advises shareholders and potential investors to exercise caution regarding forward-looking statements and not to place undue reliance on the information disclosed[187]. - The Company has made adequate disclosures in compliance with legal requirements and GEM Listing Rules[184].
汉诺佳池(08428) - 2024 - 中期财报