大快活集团(00052) - 2021 - 中期财报

Financial Performance - The total revenue for the six months ended September 30, 2020, was HKD 1,286,985, a decrease of 16.4% compared to HKD 1,538,972 for the same period in 2019[19] - The gross profit for the period was HKD 171,281, down from HKD 173,149, reflecting a gross margin of approximately 13.3%[19] - The net profit attributable to equity shareholders for the period was HKD 64,951, an increase of 13.5% from HKD 57,262 in the previous year[20] - The basic and diluted earnings per share were both 50.14 cents, unchanged from the previous period[19] - The total comprehensive income for the period was HKD 67,234, compared to HKD 55,066 in the same period last year, representing a growth of 22.5%[20] - The group's pre-tax profit for the six months ended September 30, 2020, was HKD 54,378,000, down from HKD 70,644,000 in the same period of 2019, representing a decrease of approximately 23%[44][58] - Revenue from food and beverage sales for the six months ended September 30, 2020, was HKD 1,283,959,000, compared to HKD 1,535,143,000 in 2019, indicating a decline of about 16.4%[60] - The group reported a profit from external customers of HKD 1,235,507,000 for the six months ended September 30, 2020, down from HKD 1,468,640,000 in 2019, a decrease of approximately 15.8%[55] Assets and Liabilities - The total assets as of September 30, 2020, were HKD 1,802,298, a decrease from HKD 2,040,298 as of March 31, 2020[23] - The total liabilities were HKD 1,078,268, resulting in a net asset value of HKD 724,030, slightly up from HKD 720,806[26] - The group's total current assets as of September 30, 2020, amounted to HKD 766,146,000, an increase from HKD 668,620,000 as of March 31, 2020[44] - The group's total liabilities as of September 30, 2020, were HKD 914,691,000, compared to HKD 915,652,000 as of March 31, 2020, showing a slight decrease[44] Cash Flow - The company reported a cash and cash equivalents balance of HKD 562,021, an increase from HKD 511,047 in the previous period[23] - The net cash generated from operating activities was HKD 342,947,000, slightly up from HKD 342,903,000 in the prior year[38] - The company incurred a net cash outflow from investing activities of HKD 73,026,000, compared to HKD 47,189,000 in the previous year[38] - The net cash used in financing activities was HKD 229,221,000, an increase from HKD 178,515,000 in the prior year[38] - Cash and cash equivalents as of September 30, 2020, were HKD 552,021,000, down from HKD 636,263,000 at the end of the previous period[38] Dividends and Share Capital - The company declared dividends amounting to HKD 64,767,000 based on the previous year's approved dividend[35] - The interim dividend declared was HKD 30.0 cents per share, up from HKD 23.0 cents per share in the previous year, marking a 30.4% increase[74] - The company issued shares under the share option scheme, resulting in an increase in share capital by HKD 757,000[35] Operational Strategies - The company plans to continue expanding its market presence and invest in new product development to drive future growth[18] - The management highlighted the importance of cost control measures implemented during the period to mitigate the impact of the pandemic on operations[18] - The company has implemented various cost control measures, including negotiating better lease terms and reducing advertising expenses[130] - The company has enhanced its online ordering platform "click-and-collect" to provide a contactless takeaway service[128] - The company remains committed to its core values and social responsibilities, ensuring no layoffs occurred during the pandemic[130] Impact of COVID-19 - The impact of the COVID-19 pandemic has introduced greater uncertainty into the company's operating environment, affecting its financial condition[116] - The company has been closely monitoring the pandemic's impact on its business and has implemented emergency measures[117] - During the review period, takeaway revenue accounted for approximately 40% of total sales, reflecting a shift in consumer behavior due to the pandemic[128] Corporate Governance - The company has complied with the Corporate Governance Code as per the Listing Rules during the six months ending September 30, 2020[169] - The audit committee, consisting of four independent non-executive directors, reviewed the unaudited financial information and interim results for the six months ending September 30, 2020[172] - All directors confirmed compliance with the standard code for securities trading during the six months ending September 30, 2020[173] Share Options - As of September 30, 2020, the company had a total of 1,395,500 unexercised share options under the stock option plan[159] - The company issued 1,040,000 share options at an exercise price of HKD 17.90 per share, with the options exercisable from April 1, 2021, to March 31, 2027[104] - The company's stock options are divided into five tranches with specific vesting dates, the last tranche vesting in April 2025[159]