Financial Performance - For the six months ended September 30, 2020, AUSupreme reported revenue of HKD 41,190,000, a decrease of 66.8% compared to HKD 124,006,000 for the same period in 2019[8]. - Gross profit for the same period was HKD 33,713,000, down 68.4% from HKD 106,698,000 year-over-year[8]. - Operating profit decreased to HKD 3,385,000, a decline of 70.8% compared to HKD 11,603,000 in the previous year[8]. - Profit attributable to owners of the company was HKD 2,810,000, down 68.5% from HKD 8,922,000 in the prior year[8]. - The company reported total assets of HKD 182,809,000 as of September 30, 2020, a decrease from HKD 190,821,000 as of March 31, 2020[11]. - Net assets attributable to owners of the company were HKD 176,368,000, down from HKD 181,666,000 at the end of the previous fiscal year[11]. - The company’s basic and diluted earnings per share for the period were HKD 0.37, compared to HKD 1.19 in the same period last year[8]. - Other comprehensive income for the period was HKD 2,322,000, down from HKD 8,898,000 in the prior year[8]. - The total comprehensive income for the period was HKD 2,322,000, after accounting for a foreign exchange loss of HKD (505,000)[13]. - The company's profit attributable to owners for the six months ended September 30, 2020, was HKD 2,810,000, a decrease of 68.5% compared to HKD 8,922,000 for the same period in 2019[47]. - Basic earnings per share for the period were HKD 0.37, down from HKD 1.19 in 2019, calculated based on the number of shares issued of 762,000,000[76]. Revenue Breakdown - Total revenue for the six months ended September 30, 2020, was HKD 41,190,000, a decrease of 66.8% compared to HKD 124,006,000 for the same period in 2019[32]. - Revenue from specialty stores was HKD 14,882,000, down 14.6% from HKD 17,423,000 in 2019[32]. - Revenue from consignment counters dropped significantly to HKD 17,220,000 from HKD 99,082,000, representing a decline of 82.6%[32]. - E-commerce revenue increased to HKD 7,304,000, up 110.6% from HKD 3,467,000 in the previous year[32]. - Other sales channels generated HKD 1,784,000, down 55.8% from HKD 4,034,000 in 2019[32]. - Revenue from health supplement products decreased by 65.7% to HKD 39,228,000, while personal care products and honey and pollen products saw declines of 86.4% and 50.1%, respectively[68]. Cash Flow and Investments - For the six months ended September 30, 2020, the net cash generated from operating activities was HKD 15,734,000, a decrease of 15.1% compared to HKD 18,490,000 for the same period in 2019[16]. - The net cash used in investing activities was HKD (21,000) for the six months ended September 30, 2020, compared to HKD 23,000 in the same period of 2019[16]. - The net cash used in financing activities was HKD (7,103,000), slightly improved from HKD (7,258,000) in the previous year[16]. - The total cash and cash equivalents increased by HKD 8,610,000, ending at HKD 63,561,000 as of September 30, 2020, compared to HKD 131,030,000 at the end of the same period in 2019[16]. - The cash and cash equivalents at the beginning of the period were HKD 54,935,000, compared to HKD 119,775,000 at the beginning of the same period in 2019[16]. Liabilities and Equity - Total liabilities increased to HKD 159,483,000, compared to HKD 152,280,000 as of March 31, 2020[11]. - The total liabilities as of September 30, 2020, were HKD 6,076,000, compared to HKD 12,874,000 as of March 31, 2020, indicating a significant reduction[54]. - The company had a total issued share capital of HKD 7,620,000 as of September 30, 2020, unchanged from the previous period[56]. - The company recognized contract liabilities of HKD 591,000 as of September 30, 2020, an increase from HKD 426,000 as of March 31, 2020, indicating growth in customer prepayments[54]. - As of September 30, 2020, the total equity attributable to owners of the company was HKD 176,368,000, down from HKD 181,666,000 as of March 31, 2020[13]. Operational Impact - The number of visitors to Hong Kong dropped by 99.7% year-on-year due to COVID-19 travel restrictions, severely impacting the retail environment[62]. - The ongoing COVID-19 pandemic has negatively impacted the company's operations, with uncertainty regarding the full extent and duration of its financial effects[105]. - The financial impact of the COVID-19 outbreak on the overall financial condition of customers in Hong Kong and mainland China remains unclear[105]. - The group operated 15 specialty stores and 81 consignment counters as of September 30, 2020, with 14 counters temporarily closed due to COVID-19[63]. - The management plans to focus on developing e-commerce to enhance online sales and allocate more resources to sales and marketing on e-commerce platforms and social media[90]. Corporate Governance and Shareholding - The company has complied with all provisions of the corporate governance code, except for the separation of roles between the chairman and the CEO, which are held by Mr. Cai Zhihui[110]. - The public shareholding ratio has decreased to approximately 14.47%, below the minimum requirement of 25% as per listing rules[115]. - A major shareholder holds 89,225,000 shares, representing about 11.71% of the total issued share capital[115]. - The company is considering various feasible options to address the insufficient public shareholding issue and has submitted proposals to the stock exchange[115]. - As of September 30, 2020, the major shareholders Beatitudes International Ltd. and Gao Yuan hold 73.82% and 11.71% of the company's shares, respectively, with Beatitudes owning 562,500,000 shares[100].
澳至尊(02031) - 2021 - 中期财报