Financial Performance - For the six months ended September 30, 2024, Carrianna Group reported revenue of HK$324,050,000, a decrease of 11.6% from HK$366,316,000 in the same period of 2023[13]. - Gross profit for the same period was HK$194,603,000, down 10.3% from HK$217,084,000 year-over-year[13]. - The loss before tax for the period was HK$117,232,000, compared to a loss of HK$152,972,000 in the prior year, indicating an improvement of 23.4%[13]. - The net loss for the period was HK$112,056,000, a reduction from HK$140,182,000 in the previous year, reflecting a 20% decrease in losses[13]. - Basic loss per share attributable to ordinary equity holders was HK(6.96) cents, compared to HK(8.61) cents in the same period last year[13]. - Other income and gains increased significantly to HK$21,144,000 from HK$3,321,000, marking a substantial rise[13]. - Selling and distribution expenses rose to HK$151,056,000, up from HK$139,882,000, indicating an 8.1% increase[13]. - General and administrative expenses decreased slightly to HK$68,643,000 from HK$75,485,000, showing a 9.5% reduction[13]. - The loss for the period decreased to HK$112,056,000 in 2024 from HK$140,182,000 in 2023, representing a reduction of approximately 20%[16]. - Other comprehensive income for the period was HK$182,693,000, compared to a loss of HK$212,335,000 in the previous year, indicating a significant recovery[16]. - Total comprehensive income for the period was HK$70,637,000, a turnaround from a loss of HK$352,517,000 in 2023[16]. Assets and Liabilities - Non-current assets totaled HK$4,535,994,000 as of September 30, 2024, slightly down from HK$4,587,053,000 in March 2024[19]. - Current liabilities decreased to HK$2,150,218,000 from HK$2,391,907,000, showing a reduction of approximately 10%[23]. - Net current liabilities improved to HK$721,099,000 from HK$844,049,000, reflecting a positive trend[23]. - Total assets less current liabilities increased to HK$3,814,895,000 from HK$3,743,004,000, indicating growth[23]. - The equity attributable to owners of the parent increased to HK$3,031,619,000 from HK$2,959,080,000, showing an increase of approximately 2.4%[23]. - Cash and cash equivalents rose to HK$156,110,000 from HK$127,369,000, representing a growth of about 22.6%[19]. - The total tax credit for the period was HK$5,176,000, a decrease from HK$12,790,000 in the same period of 2023[62]. - As of September 30, 2024, trade receivables totaled HK$67,504,000, a significant increase from HK$31,596,000 as of March 31, 2024[77]. - Trade payables amounted to HK$52,913,000 as of September 30, 2024, up from HK$50,046,000 as of March 31, 2024[84]. Cash Flow - For the six months ended September 30, 2024, net cash flows from operating activities increased to HK$62,565,000, compared to HK$49,069,000 in the same period of 2023, representing a growth of approximately 27.5%[28]. - Net cash flows from investing activities showed a significant increase to HK$121,653,000, compared to a net outflow of HK$16,866,000 in the previous year, indicating a positive turnaround in investment activities[28]. - The total cash and cash equivalents at the end of the period were HK$156,110,000, down from HK$259,282,000 in the same period last year, reflecting a decrease of approximately 39.8%[28]. - The company reported a net increase in cash and cash equivalents of HK$26,085,000 for the period, compared to HK$6,756,000 in the previous year, showing improved cash management[28]. - The Group's free cash and bank balances increased to HK$156,110,000 as of September 30, 2024, up 22.6% from HK$127,369,000 on March 31, 2024[154]. Segment Performance - Revenue from restaurant, food, and hotel businesses was HK$270,282,000, down 13.5% from HK$312,366,000 in 2023[45]. - Property investment and development segment generated revenue of HK$53,768,000, compared to HK$53,950,000 in 2023, indicating a slight decrease[42]. - Adjusted profit before tax for the restaurant, food, and hotel segment was a loss of HK$28,137,000, while the property investment and development segment reported a loss of HK$11,805,000[42]. - The restaurant, food, and hotel segment turnover was HK$270,282,000, down 13.5% from HK$312,366,000, with segment loss increasing to HK$28,137,000 from HK$3,187,000[139]. - The hotel business turnover decreased by 35.6% to HK$9,425,000 from HK$14,638,000, mainly due to the disposal of Yiyang Carrianna International Hotel Management Company Limited, which was deemed a strategic move to focus on more profitable segments[148]. Strategic Initiatives - The company has not provided specific guidance for future performance but indicated ongoing efforts to improve operational efficiency and reduce losses[9]. - The Group plans to expand its food business in the Mainland market, leveraging its established brands and introducing new products, with the advanced Hainan food factory's production lines now operational[151]. - Management is committed to adapting business strategies in response to market conditions to enhance competitiveness and ensure sustainable growth[151]. - The Group remains cautiously optimistic about the economic outlook, despite challenges such as inflation and geopolitical tensions, expecting gradual improvements in consumer spending[148]. - The Group will continue to focus on business development in the Greater Bay Area, capitalizing on resilient demand and consumer spending in the region[151]. Shareholder Information - The total number of issued and fully paid ordinary shares remained at 1,571,359,420, with a share capital of HK$157,136,000[87]. - The total number of ordinary shares held by Ma Kai Cheung is 627,463,011, representing 39.93% of the Company's issued share capital[184]. - Ma Kai Yum holds 309,089,754 ordinary shares, accounting for 19.67% of the Company's issued share capital[184]. - The interests of directors and chief executives in shares and underlying shares are recorded in compliance with the Securities and Futures Ordinance[182].
佳宁娜(00126) - 2025 - 中期财报