Financial Performance - For the six months ended September 30, 2024, revenue reached approximately HKD 126.7 million, an increase of about HKD 12.5 million or 10.9% compared to HKD 114.2 million for the same period in 2023[9] - The company recorded a net loss of approximately HKD 13.0 million, compared to a net loss of approximately HKD 1.3 million for the same period in 2023[9] - Gross profit for the six months ended September 30, 2024, was HKD 73.2 million, slightly down from HKD 73.8 million in the same period last year[11] - Revenue from restaurant operations for the six months ended September 30, 2024, was HKD 126,707,000, an increase of 10.9% compared to HKD 114,210,000 for the same period in 2023[23] - The company reported a loss before tax of HKD 12,973,000 for the six months ended September 30, 2024, compared to a loss of HKD 1,282,000 in the same period of 2023[28] Expenses and Costs - Employee costs increased to HKD 39.9 million from HKD 34.9 million year-on-year[11] - Depreciation expenses rose to HKD 21.2 million from HKD 18.5 million in the previous year[11] - Rental and related expenses increased to HKD 7.4 million from HKD 7.0 million year-on-year[11] - The cost of goods sold for the six months ended September 30, 2024, was HKD 53,512,000, compared to HKD 40,423,000 in 2023, reflecting a 32.4% increase[26] - Administrative expenses increased by approximately HKD 1.3 million or 12.9% to approximately HKD 11.4 million, attributed to the operational commencement of the new restaurant[48] Dividends and Equity - The board of directors decided not to declare an interim dividend for this period, consistent with the previous year[9] - The total comprehensive loss for the period attributable to owners of the company was HKD 12.9 million, compared to HKD 1.3 million in the previous year[10] - The company reported a total equity of HKD 15,128 as of September 30, 2024, down from HKD 28,101 as of March 31, 2024, representing a decrease of approximately 46.2%[13] Assets and Liabilities - As of September 30, 2024, total non-current assets decreased to HKD 77,894, down from HKD 90,331 as of March 31, 2024, representing a decline of approximately 13.8%[12] - Current liabilities increased to HKD 67,437 as of September 30, 2024, compared to HKD 57,046 as of March 31, 2024, reflecting an increase of about 18.5%[12] - The net current liabilities as of September 30, 2024, were HKD (26,479), worsening from HKD (13,326) as of March 31, 2024[13] - The total assets less current liabilities stood at HKD 51,415 as of September 30, 2024, down from HKD 77,005 as of March 31, 2024, indicating a decrease of approximately 33.3%[13] Cash Flow - The company’s total cash flow from operating activities showed a net decrease of HKD 2,555 during the period, indicating cash flow challenges[17] - The net cash inflow from operating activities for the six months ended September 30, 2024, was approximately HKD 18.6 million, compared to HKD 20.8 million for the same period in 2023[54] - Cash and cash equivalents decreased to HKD 26,544 as of September 30, 2024, from HKD 29,099 at the end of March 2024, a decline of about 8.8%[17] Related Party Transactions - The company engaged in significant related party transactions, purchasing food from a related company for HKD 22,961,000 in the six months ended September 30, 2024, up from HKD 17,863,000 in 2023[36] Corporate Governance - The board has adopted and complied with all applicable corporate governance code provisions, except for the separation of roles between the chairman and CEO[71] - The audit committee has reviewed the unaudited consolidated financial results for the six months ended September 30, 2024, and believes they are prepared in accordance with applicable accounting standards and GEM listing rules[77] Employee Information - The group employed approximately 202 employees as of September 30, 2024, down from 213 employees as of March 31, 2024[68] - The company provides an attractive compensation package to employees, including competitive salaries and internal promotion opportunities[68]
MS CONCEPT(08447) - 2025 - 中期业绩