Financial Performance - For the six months ended September 30, 2024, the company reported a loss attributable to owners of approximately HKD 3.5 million, a decrease of about 7.9% compared to the same period in 2023[5]. - The company recorded a net loss attributable to shareholders of HKD 3,456,000 for the six months ended September 30, 2024, compared to a loss of HKD 3,754,000 in the same period of 2023[45]. - Total revenue for the six months ended September 30, 2024, was HKD 12,496,000, a decrease of 46.8% from HKD 23,462,000 in the same period of 2023[36]. - The group's revenue decreased by approximately 46.7% from about HKD 23.5 million for the six months ended September 30, 2023, to about HKD 12.5 million for the six months ended September 30, 2024[99]. - Revenue from restaurant operations in Hong Kong was HKD 11.5 million for the six months ended September 30, 2024, down from HKD 21.6 million in the same period last year, representing a decline of approximately 46.7%[163]. Assets and Liabilities - As of September 30, 2024, the company recorded current liabilities net of approximately HKD 920,000, indicating significant uncertainty regarding the company's ability to continue as a going concern[15]. - The total assets less current liabilities amounted to HKD 17.6 million as of September 30, 2024, down from HKD 20.4 million as of March 31, 2024[7]. - The company’s total equity as of September 30, 2024, was HKD 16.57 million, a decrease from HKD 20.16 million as of March 31, 2024[8]. - The company’s cash and cash equivalents decreased to HKD 5.8 million as of September 30, 2024, from HKD 13.3 million as of March 31, 2024[7]. - The total trade and other receivables amounted to 9,445,000 HKD as of September 30, 2024, down from 11,835,000 HKD as of March 31, 2024, reflecting a decrease of 20.2%[68]. Operational Efficiency - The company plans to implement comprehensive policies to monitor cash flow and improve financial conditions through cost-cutting and capital expenditure reductions[16]. - Employee costs decreased to 4,654,000 HKD for the six months ended September 30, 2024, down 53.8% from 10,096,000 HKD in the same period of 2023[59]. - Other operating expenses reduced by approximately 1,000,000 HKD or 18.9%, from about 5.5 million HKD for the six months ended September 30, 2023, to about 4.5 million HKD for the same period in 2024[85]. - The group incurred a depreciation expense of 1,668,000 HKD for the six months ended September 30, 2024, compared to 3,591,000 HKD in the same period of 2023, indicating a significant reduction[59]. - The company aims to enhance operational efficiency and profitability by expanding its restaurant network in Hong Kong[87]. Future Plans and Strategies - The company will continue to focus on restaurant operations in Hong Kong as part of its core business strategy[12]. - The group plans to open new restaurants in the coming year to explore new revenue sources[87]. - The group will actively seek potential business opportunities or collaborations to expand revenue sources and improve shareholder returns[109]. - The company plans to continuously monitor market developments and enhance food quality and customer service[129]. Governance and Compliance - The company emphasizes good corporate governance practices to enhance shareholder value and ensure effective management and accountability[188]. - The audit committee consists of independent non-executive directors, ensuring oversight of financial reporting and internal controls[197]. - The company has complied with the corporate governance code as per GEM Listing Rules for the six months ended September 30, 2024[196]. - The company has adopted the GEM Listing Rules regarding the standards for regulated transactions, confirming compliance by all directors for the six months ended September 30, 2024[187]. Shareholder Information - The group did not declare any dividends for the six months ended September 30, 2024, consistent with the previous year[64]. - The company raised approximately HKD 26.5 million through a rights issue of 137,500,000 shares at a subscription price of HKD 0.2 per share[122]. - No major shareholders or other individuals were reported to have interests or short positions in the company's shares as of September 30, 2024[195].
赏之味(08096) - 2025 - 中期财报