Financial Performance - For the six months ended September 30, 2024, the company reported a basic loss per share of HKD 10,889,000 compared to HKD 8,962,000 for the same period in 2023[6]. - The company reported a net loss of approximately HKD 10,889,000 for the six months ended September 30, 2024, compared to a loss of HKD 8,962,000 in the same period last year[48]. - The company’s total comprehensive expenses for the period amounted to HKD 10,889,000, up from HKD 8,962,000 in the previous year[40]. - The company reported a total loss before tax of HKD 8,759,000 for the period[57]. - The net loss before tax for the period was HKD 10,855,000, compared to a loss of HKD 8,759,000 in the previous year, representing a 23.87% increase in losses[61]. - Loss attributable to owners of the company was HKD 10,889,000, up from HKD 8,962,000, indicating a 21.43% increase in losses[62]. - Basic and diluted loss per share was HKD 0.95, compared to HKD 0.93 in the previous year, reflecting a slight increase of 2.15%[62]. Revenue and Segments - Revenue for the six months ended September 30, 2024, was HKD 48,980,000, a decrease of 3.15% compared to HKD 50,576,000 in 2023[61]. - The total revenue for the period was HKD 48,980,000, with a significant contribution from beverage operations amounting to HKD 37,606,000[56]. - Revenue from the Chinese cuisine segment was HKD 10,667,000, while the Thai cuisine segment generated HKD 6,957,000[56]. - The segment for aircraft engine maintenance and repair services generated revenue of approximately HKD 37.60 million, accounting for 76.78% of total revenue[125]. - The segment "Baba Nyonya" recorded revenue of approximately HKD 5.25 million, representing 10.72% of total revenue, a decrease of 55.49% year-on-year due to market instability[123]. - The revenue for the "麻酸樂╱嫲孫樂" restaurant was approximately HKD 6.12 million, accounting for 12.50% of total revenue, which is a decrease of 42.60% compared to the same period last year due to market instability[180]. Assets and Liabilities - The company’s current liabilities net value was approximately HKD 9,315,000 as of September 30, 2024, indicating significant uncertainty regarding its ability to continue as a going concern[48]. - Current liabilities rose significantly to HKD 48,095,000 from HKD 24,140,000, indicating a 99.67% increase[63]. - The company’s total liabilities stood at HKD 35,269,000 as of September 30, 2024[88]. - The company’s deferred tax liabilities amounted to HKD 2,256,000 as of September 30, 2024[93]. - Total assets amounted to HKD 69,713,000 as of September 30, 2024, with cash and bank balances at HKD 8,530,000[81]. - The total liabilities of the company amounted to HKD 61.83 million, with total assets of HKD 85.39 million, indicating a healthy asset-to-liability ratio[70]. Cash Flow and Operating Activities - Cash generated from operating activities was HKD 9,745,000, an increase from HKD 5,123,000 year-over-year[46]. - The company’s cash and cash equivalents increased to HKD 12,745,000 at the end of the period, compared to HKD 9,754,000 at the end of the previous year[46]. - Current assets increased to HKD 38,780,000 from HKD 24,930,000, showing a growth of 55.61%[63]. - Current assets as of September 30, 2024, were approximately HKD 38.8 million, an increase from HKD 24.9 million as of March 31, 2024, with cash and bank balances at approximately HKD 12.7 million[148]. Cost Management - The company plans to implement cost control measures to reduce discretionary spending and administrative costs to improve financial performance[50]. - Employee costs, including director remuneration, decreased to HKD 11,096,000 from HKD 17,432,000, reflecting a reduction of 36.4%[95]. - Employee costs decreased by approximately 36.60% to HKD 11.49 million, down from HKD 18.12 million in the previous year, primarily due to a reduction in workforce[137]. - Rental and related expenses for the six months ended September 30, 2024, were approximately HKD 1.22 million, a decrease of about 43.39% compared to HKD 2.16 million for the same period last year[140]. - Utility expenses totaled approximately HKD 0.65 million for the six months ended September 30, 2024, down from HKD 1.82 million in the previous year, mainly due to the contraction of the restaurant business[141]. - Other expenses increased by approximately 42.50% to HKD 13.05 million for the six months ended September 30, 2024, compared to HKD 9.16 million for the same period in 2023, primarily due to increased engineering business expenses[143]. Fundraising and Capital Structure - The company is actively considering fundraising activities, including rights issues and public offerings, to raise new capital[49]. - The company has entered into a placement agreement to issue up to 230,160,000 new shares at a price of HKD 0.017 per share[71]. - The company did not assume the exercise of unexercised share options in calculating diluted loss per share, as it would reduce the loss per share[6]. - The company has 1,150,839,695 shares issued and fully paid as of September 30, 2024, with a total capital of HKD 11,508 thousand[188]. - There are 80,000,000 stock options granted under the stock option plan that remain unexercised as of September 30, 2024[177]. Corporate Governance and Compliance - The company has complied with all applicable corporate governance code provisions as of September 30, 2024[181]. - The company has issued at least 25% of its total shares to the public as required by GEM listing rules[183]. Market Outlook and Future Plans - Future performance of the restaurant business will be influenced by changing consumer patterns and improved economic outlook due to recent government measures[190]. - Support for dining consumption is expected from the mainland economic outlook and US interest rate cuts[190]. - The company aims to expand its product lines in food packaging and ready-to-eat products, along with increasing marketing efforts and sales incentives[133]. - The company is collaborating with food delivery companies to enhance its food distribution to customers[178]. - The company plans to participate in food exhibitions to promote its takeaway product line[178].
倩碧控股(08367) - 2025 - 中期财报