Revenue Growth - Total revenue increased by approximately 28.4% from 9,350 thousand SGD in the corresponding period to 12,008 thousand SGD in the review period[7] - Sales from specialty stores rose by about 19.8%, with the number of self-operated specialty and dining stores increasing from 25 to 29[8] - Sales to franchisees and licensed operators increased by approximately 38.7%, with the number of non-self-operated stores rising from 162 to 199[10] - Revenue for the six months ended September 30, 2020, was 12,008 thousand SGD, representing a 28.4% increase from 9,350 thousand SGD in the same period of 2019[52] - Revenue from Singapore increased to 4,719 thousand SGD in 2019 from 3,525 thousand SGD in 2018, representing a growth of 34%[120] - Revenue from Malaysia rose to 5,395 thousand SGD in 2019 compared to 4,594 thousand SGD in 2018, marking an increase of 17%[120] Profitability - Net profit for the review period was 2.9 million SGD, up from 1.9 million SGD in the corresponding period[11] - Gross profit for the same period was 7,638 thousand SGD, up 32.8% from 5,747 thousand SGD year-on-year[52] - Profit attributable to equity holders for the period was 1,956 thousand SGD, a significant increase of 505.5% compared to 323 thousand SGD in the previous year[52] - Profit before tax for the six months ended September 30, 2019, was 1,948 thousand SGD, up from 274 thousand SGD in 2018, indicating a significant increase[130] - The total comprehensive income for the period was reported at 1,948 thousand SGD, reflecting a profit of 1,956 thousand SGD after accounting for other comprehensive losses[67] Financial Position - As of September 30, 2019, the total equity of the group was SGD 5.1 million, an increase from SGD 4.0 million as of March 31, 2019[23] - As of September 30, 2019, the group's current assets were SGD 13.1 million, up from SGD 9.0 million as of March 31, 2019, while current liabilities increased to SGD 9.7 million from SGD 5.4 million[23] - The current ratio as of September 30, 2019, was 1.4, compared to 1.6 as of March 31, 2019[23] - The group's net cash equity ratio as of September 30, 2019, was 0.7, an increase from 0.4 as of March 31, 2019[23] - The debt-to-equity ratio as of September 30, 2019, was 49.2%, significantly improved from 92.0% as of March 31, 2019[26] - Total assets as of September 30, 2020, amounted to 18,627 thousand SGD, compared to 12,794 thousand SGD as of March 31, 2019, reflecting a growth of 45.7%[54][57] Cash Flow - Cash generated from operating activities was 4,411 thousand SGD, significantly higher than 2,535 thousand SGD in the previous period[76] - The net cash from operating activities after tax payments was 4,033 thousand SGD, compared to 2,497 thousand SGD previously[76] - The group’s cash and cash equivalents increased to 5,946 thousand SGD from 3,854 thousand SGD[79] - The company declared a dividend of 1,000 thousand SGD for the period[70] - The group experienced a net cash outflow from financing activities of 2,139 thousand SGD, compared to a net inflow of 653 thousand SGD in the previous period[79] Future Plans and Investments - The company plans to open up to 16 new self-operated specialty stores in Singapore by March 31, 2024, using approximately 22.2% of the net proceeds from the IPO[16] - Approximately 20.9% of the net proceeds will be used to expand the network of non-self-operated specialty and dining stores[16] - The company aims to renovate about 5 self-operated specialty stores in Singapore and 4 dining stores in West Malaysia each year until March 31, 2023[16] - Approximately 8.2% or about HKD 6.1 million will be used for recruiting employees in Singapore and West Malaysia[18] - Approximately 8.2% or about HKD 6.1 million will be allocated for the development of the Shilin Taiwan Snack® brand and targeted sales and marketing activities[18] - Approximately 8.2% or about HKD 6.1 million will be invested in developing a customized enterprise resource planning system to enhance the group's data infrastructure and analytics systems[18] Employee and Operational Information - The company had 155 employees as of September 30, 2019, with total employee costs amounting to 1,968 thousand SGD during the review period[14] - The macro environment for the company's operations in Taiwan, Singapore, Malaysia, Indonesia, and the United States remains stable, with continued sales growth trends[12] - Franchise fees and advertising income are expected to remain stable, contributing approximately 2.0% to 3.0% of total revenue[11] Financial Management and Compliance - The company maintained compliance with corporate governance codes since its listing date[46][47] - The group’s financial risk management policies have not undergone significant changes during the review period[114] - The carrying amounts of current financial assets and liabilities are similar to their fair values due to their short maturities[115] - The group’s operating segments are monitored by the executive directors, who assess performance for resource allocation decisions[118] - The adoption of IFRS 16 resulted in an increase in right-of-use assets by 1,933 million and lease liabilities by 1,860 million as of April 1, 2019[102]
快餐帝国(01843) - 2020 - 中期财报