大家乐集团(00341) - 2022 - 中期财报

Financial Performance - The Group's revenue for the first half of FY2021/22 increased to HK$3,870.1 million, up 20.0% from HK$3,225.7 million in 2020[7]. - Profit attributable to shareholders amounted to HK$81.2 million, a decrease of 50.0% compared to HK$162.3 million in the previous year, which included government COVID-19 subsidies of HK$338.9 million[7]. - Revenue from Hong Kong operations increased by 19.7% compared to the same period last year, driven by strategies to boost takeaway and delivery sales and the launch of new products[7]. - Business growth in Mainland China saw a revenue increase of 21.2%, despite disruptions from isolated COVID-19 outbreaks[9]. - The Group recorded revenue of HK$3,870.1 million for the six months ended 30 September 2021, representing a 20% increase from HK$3,225.7 million in 2020[11]. - Profit attributable to equity holders decreased by 50.0% to HK$81.2 million, compared to HK$162.3 million in the same period last year, primarily due to the absence of COVID-19 subsidies[23]. - Gross profit margin increased to 9.8% for the six months ended 30 September 2021, up from 4.3% in 2020, attributed to improved business recovery[15]. - The Group's basic earnings per share decreased 50.0% to HK14.0 cents for the six months ended 30 September 2021[27]. - Profit for the period decreased to HK$81,983,000, down 49.7% from HK$162,818,000 in the same period last year[90]. - Total comprehensive income for the period was HK$85,830,000, a decline of 49.3% compared to HK$169,515,000 in the previous year[90]. Revenue Segmentation - Revenue from the Quick Service Restaurants segment rose by 15.5% to HK$2,370.0 million, while Casual Dining increased by 35.5% to HK$415.9 million[13]. - Revenue from the Casual Dining business increased by 35.5% to HK$415.9 million compared to HK$306.9 million in the same period last year[39]. - Institutional Catering revenue increased by 37.5% to HK$337.1 million from HK$245.1 million in the previous year, despite being heavily affected by pandemic-related restrictions[41]. - Revenue from Mainland China increased by 21.2% to HK$673.5 million, compared to HK$555.9 million in 2020[43]. - The South China fast food business experienced a 12.1% increase in revenue to RMB540.5 million, with same store sales growth of 7%[43]. Cost and Expenses - Administrative expenses increased by 4.4% to HK$237.7 million during the six months ended 30 September 2021[16]. - Staff costs accounted for 32.4% of revenue, increasing to HK$1,254.3 million from HK$1,146.0 million in the previous year[19]. - Overall food costs have surged due to global supply chain disruptions, placing additional pressure on margins[31]. - Employee benefit expenses (excluding share-based compensation) rose to HK$1,240,002, compared to HK$1,127,387 in the previous year, marking a 9.9% increase[186]. - Total administrative expenses increased to HK$237,653 from HK$227,620 in the previous year, reflecting a 0.5% increase[186]. Dividends and Shareholder Returns - An interim dividend of HK10 cents was declared for the six months ended 30 September 2021, consistent with the previous year[9]. - The Board declared an interim dividend of HK10 cents per share for the six months ended 30 September 2021, unchanged from the previous year[28]. - The Company declared a dividend of HK$162,756,000 during the period, impacting retained earnings significantly[92]. Strategic Initiatives and Future Outlook - The Group plans to expedite its network expansion in the Greater Bay Area in the second half of the year[9]. - The Group plans to continue enhancing productivity and efficiency through manpower deployment and digitalization initiatives[12]. - The Group is actively looking to expand its casual dining brand outlets and introduce more automated processes at retail outlets to improve productivity and operational efficiency[40]. - The Group aims to increase market penetration in the Greater Bay Area by prioritizing network development[52]. - The Group is cautiously optimistic about future growth as it adapts to the new normal[52]. Digitalization and Technology - The Group is implementing an integrated Online-Merge-Offline (OMO) approach to enhance distribution and convenience, leveraging both its own online channels and third-party aggregators[36]. - Digitalisation efforts included a new e-coupon system to drive repeat purchases and improve promotion effectiveness[43]. - The application of digital solutions, including mobile ordering and self-ordering kiosks, has significantly increased active customer numbers and sales[50]. - The Group plans to accelerate digitalization efforts and implement a comprehensive OMO strategy to enhance customer experience[50]. Shareholder Information and Governance - The Company complied with all code provisions set out in the Corporate Governance Code during the six months ended 30 September 2021[74]. - All Directors confirmed compliance with the required standards set out in the Model Code regarding securities transactions during the six months ended 30 September 2021[75]. - The Group's financial reporting process and internal control were supervised by the Audit Committee during the reporting period[76]. - The Company adopted the recommended best practices of the Corporate Governance Code as relevant and practicable during the reporting period[74]. Cash Flow and Liquidity - As of September 30, 2021, the Group had cash of approximately HK$1,940.6 million and external borrowings of HK$1,130 million[44]. - Net cash generated from operating activities for the six months ended September 30, 2021, was HK$690,795, a decrease of 6.5% compared to HK$739,177 for the same period in 2020[97]. - Cash and cash equivalents at the end of the period were HK$1,940,598, up from HK$1,200,397 at the end of the previous period[97]. - The Group's liquidity risk management involves maintaining sufficient cash and available credit facilities, considering current and expected market conditions, including the impact of COVID-19[112]. Asset Management - Total assets as of September 30, 2021, were HK$7,055,635, a decrease from HK$7,154,673 as of March 31, 2021[84]. - Non-current assets increased to HK$4,656,487 from HK$4,639,142, showing a slight growth[83]. - The total number of issued shares of the Company as of September 30, 2021, was 585,704,033[72]. - The Group's total trade payables as of September 30, 2021, were HK$229,529,000, an increase from HK$178,183,000 as of March 31, 2021[158].