Financial Performance - Revenue rose approximately 19.3% to HKD 586,177,000[2] - Net profit for the six months ended September 30, 2024, was approximately HKD 45,028,000, a decrease of about 6.5% compared to the previous period[35] - Basic earnings per share for the period was HKD 12.1, down from HKD 12.6 in the same period last year[177] - Total comprehensive income for the six months ended September 30, 2024, was HKD 45,572,000, compared to HKD 46,983,000 for the same period in 2023[173] - The company reported a total of HKD 3,614,000 in other income for the six months ended September 30, 2024, slightly up from HKD 3,468,000 in the previous year[173] Customer Metrics - Customer visits increased by 27.2% to 2,535,177[2] - Average spending per customer slightly decreased from HKD 246.6 to HKD 231.2[2] - Customer visits increased by 542,223 or 27.2%, totaling 2,535,177 visits during the period[25] Dividend Information - The board proposed an interim cash dividend of HKD 0.060 per share to shareholders on record as of December 10, 2024[4] - The company declared an interim cash dividend of HKD 0.060 per share for the six months ended September 30, 2024, compared to HKD 0.055 per share in 2023, totaling approximately HKD 22,770,000[43] - The company maintains a dividend policy of distributing no less than 50% of the profit attributable to shareholders[44] Restaurant Operations - The company opened 8 new restaurants in the six months ending September 30, 2024[2] - Total restaurant count increased from 55 to 62, with 56 in Hong Kong and 6 in mainland China as of September 30, 2024[18][20] - The group opened eight new restaurants during the six months ended September 30, 2024, including locations in Kwai Chung, Tai Po, and Tsim Sha Tsui[17] - New restaurant openings are planned, including locations in Popcorn and Causeway Bay, expected to open in Q4 2024[22] - The group ceased operations at the restaurant "Ramen Le" in April 2024 due to inefficiency based on staff deployment[17] Cost and Expenses - The cost of materials and consumables increased by approximately 19.9% in the first half of FY2025 compared to FY2024, maintaining a percentage of 27.3% of revenue due to effective cost control measures[31] - Employee costs rose by about 28.3% in the first half of FY2025 compared to FY2024, with the percentage of revenue increasing from 29.1% to 31.3% due to more restaurants commencing operations[32] - Depreciation of property, plant, and equipment increased by approximately 32.6% in the first half of FY2025 compared to FY2024, with the percentage of revenue rising from 3.9% to 4.4%[34] - Other expenses increased by approximately 21.5% in the first half of FY2025 compared to FY2024, maintaining a percentage of 5.0% of revenue[34] Financial Position - Cash and cash equivalents as of September 30, 2024, amounted to HKD 185,800,000, with no bank borrowings reported[37] - Non-current assets increased to HKD 676,829 thousand from HKD 664,291 thousand, representing a growth of approximately 1.8%[180] - Current assets rose to HKD 216,688 thousand, up from HKD 170,863 thousand, marking a significant increase of about 27%[180] - The company reported a current liability exceeding current assets by HKD 72,857 thousand as of September 30, 2024[197] - The company has available bank financing of HKD 20,500 thousand, which supports its future cash flow needs[197] Share Options and Equity - The share options plan aims to attract and retain qualified personnel, rewarding past contributions and encouraging future performance[63] - The company has a total of 40,000,000 shares available for grant under the share option plan, representing approximately 10.5% of the issued share capital[66] - As of September 30, 2024, the company has 5,586,000 unexercised share options, accounting for about 1.5% of the issued share capital[68] - The share options granted to directors as of September 30, 2024, include various tranches with percentages ranging from 0.02% to 0.04%[53] - Mr. Huang and Ms. Chen each hold 68.59% equity in the company, totaling 260,302,000 shares[48] Future Outlook - Future performance is expected to improve as travelers return to Hong Kong and interest rates are anticipated to decrease, with ongoing efforts to enhance food quality and service[45] - The company plans to continue negotiating new potential locations in Hong Kong and mainland China for business expansion[45] Compliance and Governance - The company is committed to ensuring the accuracy and completeness of the information provided in compliance with GEM listing rules[14] - The audit committee reviewed the financial statements for the six months ended September 30, 2024, and confirmed compliance with applicable accounting standards and regulations[164] - The company has complied with the corporate governance code as per GEM Listing Rules Appendix 15 for the six months ended September 30, 2024[162]
尝高美集团(08371) - 2025 - 中期业绩