Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 522.6 million, a decrease of 20.9% compared to HKD 660.5 million in the same period of 2023[1] - The company reported a loss attributable to shareholders of HKD 26.5 million, compared to a profit of HKD 47.6 million in the previous year[2] - Basic and diluted loss per share was HKD 3.32, down from earnings of HKD 5.94 per share in the prior year[2] - The company incurred a total comprehensive loss of HKD 26.5 million for the period, compared to a total comprehensive income of HKD 47.6 million in the previous year[5] - The group recorded a loss of HKD 26,535,000 for the six months ended June 30, 2024[10] - The company reported a net loss attributable to shareholders of HKD 26,535,000 for the six months ended June 30, 2024, compared to a profit of HKD 47,550,000 in the same period of 2023[22] - The company recorded a loss of HKD 26.5 million for the period, compared to a profit of approximately HKD 47.6 million in the same period last year[41] Assets and Liabilities - Total assets decreased to HKD 691.6 million as of June 30, 2024, from HKD 759.7 million as of December 31, 2023[3] - Current liabilities decreased to HKD 133.2 million from HKD 168.5 million, indicating improved short-term financial health[4] - The company’s total equity attributable to shareholders decreased to HKD 238.4 million from HKD 297.4 million[4] - The company's cash and cash equivalents were HKD 137.9 million, down from HKD 147.7 million at the end of 2023[3] - The total segment assets as of June 30, 2024, amounted to HKD 466,982,000, while total segment liabilities were HKD 391,751,000[13] - As of June 30, 2024, the company's current assets and current liabilities were approximately HKD 264.4 million and HKD 320.0 million, respectively, resulting in a current ratio of about 0.8[43] Revenue Breakdown - Restaurant operations generated revenue of HKD 520,666,000, down 20.8% from HKD 657,367,000 in the previous year[10] - The revenue from owned brands decreased by approximately 21.8% to about HKD 136.0 million, down from approximately HKD 174.0 million in the previous year[35] - The number of franchised restaurants increased from 39 to 44, while the revenue from franchised brands decreased by approximately 20.4% to about HKD 384.7 million[35] Costs and Expenses - The company's food and beverage costs decreased by approximately 19.4% to about HKD 162.3 million, representing 31.1% of total revenue[38] - Employee costs decreased by approximately 4.3% to about HKD 194.5 million, but as a percentage of revenue, it increased to 37.2% due to declining revenue[39] - Interest income from bank deposits decreased to HKD 3,591,000 in 2024 from HKD 6,662,000 in 2023[17] - The company recorded total financing costs of HKD (5,852,000) for the six months ended June 30, 2024, compared to HKD (4,608,000) in 2023[17] - The company's other income and gains decreased by approximately 12.6% to about HKD 2.2 million from approximately HKD 2.5 million in the previous year[37] Strategic Initiatives - The company plans to focus on expanding its market presence and enhancing operational efficiency in the upcoming periods[6] - Management is aware of the significant transformation in the local consumer market and aims to leverage this for future profit growth, supported by a strong cash position[50] - The group is actively developing new brands and has remodeled existing brands to enhance customer dining experiences, with new locations opened in June and July 2024[51] - A new customer relationship management system and membership app were launched in 2024 to better understand customer needs and enhance service[51] - The group has implemented strategic measures to expand revenue sources and reduce expenses, including negotiating lower rents and better supplier terms[51] Corporate Governance - The audit committee has been established, consisting of three independent non-executive directors, to assist the board in monitoring financial reporting and internal controls[57] - The board expresses gratitude to the management team and all employees for their continuous support and contributions to the group's prospects[59] Dividends and Shareholder Returns - The board decided not to declare an interim dividend for the period[52] - The company declared a final dividend of HKD 0.0406 per share, totaling HKD 32,480,000, for the year ended December 31, 2023[24] Employment and Workforce - The group employed 1,742 employees as of June 30, 2024, an increase from 1,667 employees as of December 31, 2023[46]
叙福楼集团(01978) - 2024 - 中期业绩