Financial Performance - Revenue for the three months ended September 30, 2021, was HKD 26,338,000, a slight increase of 0.5% compared to HKD 26,214,000 in the same period of 2020[23] - Revenue for the six months ended September 30, 2021, was HKD 50,854,000, a decrease of 7.5% from HKD 54,708,000 in the same period of 2020[23] - The group reported a loss before tax of HKD 2,162,000 for the three months ended September 30, 2021, compared to a loss of HKD 1,590,000 in the same period of 2020[23] - The total comprehensive loss for the six months ended September 30, 2021, was HKD 9,333,000, compared to a loss of HKD 2,135,000 in the same period of 2020[23] - The company reported a loss attributable to owners of HKD (2,243) thousand for the three months ended September 30, 2021, compared to a loss of HKD (1,588) thousand in the same period of 2020, indicating an increase in losses[25] - For the six months ended September 30, 2021, the company recorded a profit attributable to owners of HKD 9,352 thousand, a significant recovery from a loss of HKD (2,155) thousand in the prior year[25] Operational Costs - Employee costs for the three months ended September 30, 2021, were HKD 8,916,000, down 18.6% from HKD 10,996,000 in the same period of 2020[23] - Depreciation expenses for the three months ended September 30, 2021, were HKD 4,204,000, a decrease of 39.2% compared to HKD 6,925,000 in the same period of 2020[23] - The company’s employee costs for the six months ended September 30, 2021, were 16,975 thousand HKD, down from 21,285 thousand HKD in the same period of 2020[57] - The cost of raw materials and consumables was approximately HKD 17.9 million for the six months ended September 30, 2021, accounting for about 35.2% of total revenue, compared to HKD 19.1 million and 34.9% for the same period in 2020[111] - Other expenses increased by approximately 46.9% to about HKD 7.1 million for the six months ended September 30, 2021, from approximately HKD 4.8 million for the same period in 2020, mainly due to increased consulting fees and commissions paid to delivery platforms[117] Assets and Liabilities - Non-current assets totaled HKD 89,927 thousand as of September 30, 2021, compared to HKD 46,238 thousand as of March 31, 2021, showing a substantial increase[27] - Current liabilities rose to HKD 44,206 thousand as of September 30, 2021, compared to HKD 35,948 thousand as of March 31, 2021, indicating a rise in obligations[27] - The company’s total assets less current liabilities stood at HKD 116,426 thousand as of September 30, 2021, compared to HKD 64,209 thousand as of March 31, 2021, reflecting improved financial health[27] - The company’s equity attributable to owners increased to HKD 48,128 thousand as of September 30, 2021, from HKD 38,793 thousand as of March 31, 2021, indicating growth in shareholder value[29] - Total liabilities as of September 30, 2021, were HKD 112,552,000, with segment liabilities including Chinese cuisine (HKD 12,705,000), Thai cuisine (HKD 7,651,000), Malaysian cuisine (HKD 14,339,000), and vending machine sales (HKD 15,712,000)[50] Revenue Segmentation - Total revenue for the six months ended September 30, 2021, was HKD 50,854,000, with a breakdown of revenue from different segments: Chinese cuisine (HKD 12,458,000), Thai cuisine (HKD 14,248,000), Malaysian cuisine (HKD 17,682,000), ingredient sales (HKD 5,649,000), and vending machine sales (HKD 817,000)[48] - The company reported a significant increase in revenue from the Malaysian cuisine segment, which generated HKD 17,682,000, compared to HKD 18,649,000 in the previous period, indicating a slight decline of approximately 5%[48] - The "Sales of Food Ingredients" segment generated revenue of approximately HKD 5.6 million, accounting for 11.1% of total revenue, representing an increase of 83.2% compared to the same period last year, driven by sales growth[104] Acquisitions and Investments - The company issued promissory notes amounting to HKD 58,000,000 with a 5% annual interest rate to finance the acquisition of a subsidiary[81] - The acquisition of Guohang Investment Holdings Limited was completed on August 30, 2021, for a total consideration of HKD 58,000,000[81] - The group completed the acquisition of all issued shares of Guoxing on August 30, 2021, which primarily engages in the sale of pharmaceutical machines and related services in China[104] Market and Business Strategy - The company has plans for market expansion and new product development, although specific details were not disclosed in the financial report[35] - The group plans to expand its restaurant business in Hong Kong and the automatic vending machine business in China to enhance shareholder value[98] - The group is adopting a conservative approach to operations, including reducing staff costs and negotiating rent discounts with landlords[96] Compliance and Governance - The board of directors confirmed compliance with the GEM Listing Rules regarding securities trading during the six months ended September 30, 2021[157] - The company has adhered to all applicable provisions of the corporate governance code as outlined in the GEM Listing Rules as of September 30, 2021[160]
倩碧控股(08367) - 2022 - 中期财报