Financial Performance - Revenue for the year was approximately HKD 1,841.2 million, an increase of about 12.2% compared to HKD 1,641.5 million in 2023[2] - Gross profit margin was approximately 72.6%, up by about 2.5% from 70.1% in 2023[2] - Profit attributable to the company's owners for the year was approximately HKD 50.6 million, significantly higher than HKD 21.1 million in 2023[2] - Basic earnings per share were approximately HKD 3.89, compared to HKD 1.63 in 2023[2] - The group's operating profit before interest, tax, depreciation, and amortization was approximately HKD 373.8 million, up from HKD 332.4 million in 2023[2] - The group reported a net profit of approximately HKD 50.6 million, compared to HKD 21.1 million in the previous year[4] - For the fiscal year ending March 31, 2024, the company reported a net profit attributable to shareholders of approximately HKD 50,584,000, compared to HKD 21,138,000 in 2023, representing an increase of 139%[127] - The basic earnings per share for the year were HKD 3.89, up from HKD 1.63 in 2023, indicating a significant improvement in profitability[130] Dividends - The board proposed a final dividend of HKD 0.3 per ordinary share for the year ending March 31, 2024[2] - The company proposed a final dividend of HKD 0.3 per share, totaling approximately HKD 3,900,000, subject to shareholder approval[126] - The company plans to pay a final dividend on October 21, 2024, to shareholders listed as of October 4, 2024[195] Assets and Liabilities - Total assets increased to approximately HKD 1,274.5 million as of March 31, 2024, up from HKD 991.2 million in 2023[52] - The total equity of the group rose to approximately HKD 193.4 million as of March 31, 2024, compared to HKD 145.3 million in 2023[52] - The company had a net current liability of approximately HKD 407,293,000, raising concerns about its ability to continue as a going concern[115] - The total liabilities increased to HKD 736,809,000 in 2024 from HKD 643,124,000 in 2023, reflecting a rise of 14.6%[137] - The net current liabilities amounted to HKD (407,293,000) in 2024, worsening from HKD (284,283,000) in 2023[137] - The company’s non-current liabilities included lease liabilities of HKD 335,577,000, up from HKD 192,356,000 in 2023, indicating increased financial obligations[112] Revenue Breakdown - Total revenue for the restaurant operations reached HKD 1,739,460,000 in 2024, up from HKD 1,532,981,000 in 2023, representing a growth of 13.5%[137] - The group's total revenue from Hong Kong was HKD 1,753,542,000 in 2024, compared to HKD 1,575,418,000 in 2023, indicating an increase of 11.3%[138] - The "Fu Lin" series generated revenue of HKD 755,440,000 in 2024, an increase of 16.8% from HKD 646,775,000 in 2023[181] - The "Tao Yuan" series reported revenue of HKD 220,836,000, reflecting a growth of 6.2% compared to HKD 207,897,000 in the previous year[181] - The "Concept Line" series achieved revenue of HKD 763,183,000, marking a 12.5% increase from HKD 678,309,000 in 2023[181] - Revenue from food sales and other operations decreased by 22.2%, totaling HKD 51,480,000 compared to HKD 66,196,000 in 2023[181] Operational Strategies - The group has implemented cost control measures to improve operating cash flow and financial condition[30] - The group continues to adopt a full-day dining brand strategy to diversify offerings and cater to changing consumer preferences post-pandemic[48] - The group will adjust its brand strategies and menu offerings to adapt to changing market conditions and consumer demands[82] - The group plans to continue expanding its restaurant brands in mainland China and other Asian regions, with new openings in Zhuhai and Macau[81] - The group continues to expand its food court presence, opening a new food court in Kai Tak with various restaurant brands, and plans to seek suitable locations in residential areas for more food courts[155] - The company has adjusted its operational strategy to develop an online shopping platform in response to changing consumer dining habits post-pandemic[180] Employee and Training - As of March 31, 2024, the group employed approximately 1,922 staff, emphasizing the importance of hiring, encouraging, and retaining qualified employees for operational success[161] - The group has established standardized training and promotion programs for all employees to ensure they acquire necessary skills for their positions[161] Financial Monitoring - The group is committed to strict monitoring of its outstanding receivables to minimize credit risk[171] - The impairment loss on trade receivables increased to HKD 13,764 million in 2024 from HKD 12,914 million in 2023, indicating a rise in credit risk[172] - The group reported a significant increase in trade receivables, with credit card receivables rising to HKD 3,520 million in 2024 from HKD 3,343 million in 2023[171] Capital Expenditures - Capital expenditures during the year were primarily related to the acquisition and renovation of the group's central kitchen and logistics center properties, as well as investments in new and existing restaurants[159]
富临集团控股(01443) - 2024 - 年度业绩