Financial Performance - Revenue for the period was approximately HKD 772.6 million, an increase of about 36.6% compared to HKD 565.6 million in the same period of 2020[10]. - The company reported a loss attributable to owners of approximately HKD 2.3 million, significantly improved from a loss of approximately HKD 95.9 million in the same period of 2020[10]. - The total comprehensive loss attributable to the company for the period was HKD 2,035,000, significantly reduced from HKD 94,305,000 in the prior period[105]. - The company reported a net loss attributable to shareholders of HKD 2,258,000 for the period, compared to a net loss of HKD 95,907,000 in the previous period[102]. - The company reported a pre-tax loss of HKD 2,198,000 for the current period, an improvement from a pre-tax loss of HKD 95,338,000 in the previous period[102]. - The total revenue for the six months ended September 30, 2021, was HKD 772,560,000, an increase from HKD 565,643,000 for the same period in 2020, representing a growth of approximately 36.6%[142]. Customer and Market Insights - The number of customers reached approximately 7.4 million, an increase of about 27.6% from 5.8 million in the same period of 2020[10]. - The group remains cautiously optimistic about the industry outlook despite challenges from global supply chain disruptions[14]. - The Hong Kong economy showed signs of recovery with a 5.4% year-on-year increase in GDP in Q3 2021, benefiting the restaurant industry[14]. - The group believes in the strong recovery momentum and significant consumer capacity in the mainland China market, with plans to explore new business opportunities[22]. - The group did not have any single customer contributing more than 10% of total revenue during the period, indicating a diversified customer base[147]. Operational Developments - The group operated a total of 83 restaurants in Hong Kong as of September 30, 2021, including 18 "Fulum" brand restaurants and 57 "Asian Dining Line" restaurants[16]. - The group plans to continue expanding its "Asian Dining Line" series to attract younger customers and enhance customer experience[21]. - The group has launched an online shopping platform to cater to market demands and enhance customer engagement[16]. - The group plans to continue expanding its supermarket operations in residential areas and optimize its product mix to meet customer needs[22]. - The group is actively seeking to provide new dining experiences to customers through the development of various small dining options tailored to the local market[50]. Financial Position and Cash Flow - The group's cash and cash equivalents were approximately HKD 144.0 million as of September 30, 2021[43]. - The company's total cash and cash equivalents at the end of the reporting period were HKD 144,041,000, down from HKD 171,457,000 at the end of the previous period[123]. - The net cash generated from operating activities for the six months ended September 30, 2021, was HKD 152,946,000, an increase of 3.0% compared to HKD 147,735,000 for the same period in 2020[123]. - The net cash used in investing activities for the six months ended September 30, 2021, was HKD 25,594,000, a decrease from HKD 50,812,000 in the previous year[123]. - The net cash generated from financing activities was HKD 25,488,000, compared to HKD 108,596,000 in the prior period, indicating a significant reduction in financing inflows[123]. Shareholder and Governance Information - The board decided not to declare any interim dividend for the period[10]. - The company has adopted a code of conduct for directors' securities trading, ensuring compliance with the standards set by the listing rules[56]. - The company has appointed Mr. Wu Jin'an as CEO since May 13, 2021, separating the roles of Chairman and CEO to enhance corporate governance[55]. - The group remains committed to maintaining high corporate governance standards to protect shareholder interests and enhance corporate value[55]. - As of September 30, 2021, the major shareholders, including Mr. Yang Wei, hold 915,375,000 shares, representing 70.41% of the company[62]. Employee and Cost Management - Employee costs increased to approximately HKD 248.6 million, accounting for about 32.2% of revenue[35]. - The company incurred a total of HKD 240,392,000 in employee benefits expenses, including salaries and retirement contributions, an increase from HKD 177,268,000 in the previous year[163]. - Financial costs for the six months ended September 30, 2021, amounted to HKD 10,536,000, down from HKD 17,220,000 in 2020, showing a decrease of about 38.9%[152]. Share Option Scheme - The company has a share option scheme in place, which was adopted on October 28, 2014, and is valid for 10 years, allowing for the issuance of options up to 10% of the total issued share capital at the time of listing[79]. - A total of 63,920,000 shares were granted under the share option scheme as of September 30, 2021, with an exercise price of HKD 0.2056 per share[82]. - The company aims to attract and retain qualified participants through its share option scheme, which is designed to incentivize contributions to the group's performance and growth[79]. - The exercise price of the stock options is HKD 0.2056, with the share price at the grant date being HKD 0.205[189]. - The weighted average remaining contractual life of the unexercised stock options is approximately 5 years[188]. Changes in Assets and Liabilities - The company's non-current assets totaled HKD 768,100,000 as of September 30, 2021, down from HKD 826,591,000 as of March 31, 2021[110]. - Current liabilities amounted to HKD 726,008,000, slightly decreased from HKD 736,601,000 in the previous reporting period[110]. - As of September 30, 2021, the company's non-current liabilities totaled HKD 240,429,000, a decrease of 30.8% from HKD 347,507,000 as of March 31, 2021[114]. - The company's inventory as of September 30, 2021, was HKD 80,070,000, a decrease from HKD 93,382,000 as of March 31, 2021[166]. - Trade receivables as of September 30, 2021, amounted to HKD 21,602,000, significantly higher than HKD 9,708,000 as of March 31, 2021[169].
富临集团控股(01443) - 2022 - 中期财报