Financial Performance - For the six months ended September 30, 2025, the group's revenue slightly increased by 0.3% to approximately HKD 127.1 million from HKD 126.7 million for the same period in 2024[11]. - The net profit for the period was approximately HKD 3.7 million, a significant recovery from a net loss of HKD 13.0 million in the previous year[11]. - Gross profit for the six months was HKD 80.2 million, compared to HKD 73.2 million in the same period last year, reflecting improved cost management[12]. - The pre-tax profit for the period was HKD 4.6 million, a turnaround from a pre-tax loss of HKD 13.0 million in the previous year[12]. - Basic and diluted earnings per share improved to HKD 0.4 from a loss of HKD 1.3 per share in the same period last year[12]. - The group reported a total comprehensive income of HKD 3,677,000 for the six months ended September 30, 2025, compared to a total comprehensive loss of HKD 12,973,000 for the same period in 2024[15]. - Revenue for the six months ended September 30, 2025, was approximately HKD 127.1 million, a slight increase of 0.3% or HKD 0.4 million compared to the same period last year[36]. - The company recorded a profit of approximately HKD 3.7 million for the six months ended September 30, 2025, compared to a loss of approximately HKD 13.0 million for the same period in 2024[49]. Cost Management - The cost of goods sold decreased to HKD 46.9 million from HKD 53.5 million, indicating a reduction in inventory costs[12]. - Employee costs were reduced to HKD 37.2 million from HKD 39.9 million, contributing to the improved profitability[12]. - Depreciation expenses decreased significantly to HKD 15.0 million from HKD 21.2 million, reflecting better asset utilization[12]. - Cost of goods sold decreased by 12.3% to approximately HKD 46.9 million from HKD 53.5 million, attributed to an increase in customers at buffet restaurants[39]. - Employee costs decreased by 6.8% to approximately HKD 37.2 million, primarily due to the closure of the "Hana" restaurant[42]. - Depreciation expenses decreased by 29.2% to approximately HKD 15.0 million, influenced by the closure of "Hana" and reduced rental costs[43]. Dividends and Equity - The board has decided not to declare an interim dividend for this period, consistent with the previous year[11]. - The group did not declare an interim dividend for the six months ended September 30, 2025, consistent with the previous year[28]. - As of September 30, 2025, the total equity attributable to the owners of the company was approximately HKD 14.6 million, up from HKD 10.9 million as of March 31, 2025[51]. Assets and Liabilities - As of September 30, 2025, the company's total assets minus current liabilities amounted to HKD 44,861,000, an increase from HKD 37,408,000 as of March 31, 2025[14]. - The company's current liabilities decreased to HKD 46,593,000 as of September 30, 2025, from HKD 54,148,000 as of March 31, 2025[14]. - The company's net current liabilities improved to HKD (11,118,000) as of September 30, 2025, from HKD (22,113,000) as of March 31, 2025[14]. - The company's non-current assets totaled HKD 55,979,000 as of September 30, 2025, down from HKD 59,521,000 as of March 31, 2025[13]. Cash Flow - The net cash generated from operating activities for the six months ended September 30, 2025, was HKD 18,941,000, compared to HKD 18,592,000 for the same period in 2024[16]. - The company's cash and cash equivalents increased to HKD 18,305,000 as of September 30, 2025, from HKD 17,526,000 at the beginning of the period[16]. - The net cash inflow from operating activities for the six months ended September 30, 2025, was approximately HKD 18.6 million, consistent with the same period in 2024[51]. - The company had a cash outflow from investing activities of HKD (765,000) for the six months ended September 30, 2025, compared to HKD (1,671,000) for the same period in 2024[16]. Operational Developments - The company continues to focus on cost control and operational efficiency to enhance profitability in future periods[11]. - The group has actively responded to changes in the Hong Kong dining market by launching various promotions and discounts during the reporting period[36]. - The group has renewed leases for existing restaurant properties in West Kowloon and Causeway Bay, and opened a new restaurant under the "Shokudo Wara" brand in Tung Chung[36]. - The group has returned the premises of the "Ben Dian (TY)" restaurant in Tsing Yi after reviewing its performance and business prospects[36]. - The restaurant operating under the "Mr. Steak" brand in Kowloon Bay has returned the premises to the landlord after the lease expired in October 2025[80]. Employee and Governance - The company employed approximately 224 employees as of September 30, 2025, an increase from 206 employees on March 31, 2025[68]. - The board of directors confirmed compliance with all applicable corporate governance code provisions, except for specific provisions regarding the separation of roles between the chairman and CEO[72]. - The company maintained the required public float as per GEM listing rules as of the report date[75]. Investments and Future Plans - The net proceeds from the IPO amounted to approximately HKD 39.6 million, with significant allocations for restaurant network expansion and operational funding[50]. - Approximately HKD 20.6 million was allocated for opening new restaurant locations, including East Tung Hana and several branches of Ben Ten, with further expansions planned as needed[52]. - About HKD 3.3 million was used for renovating existing restaurants, with ongoing evaluations for further renovations[52]. - There were no significant investments, acquisitions, or disposals of subsidiaries or joint ventures during the six months ended September 30, 2025[56].
MS CONCEPT(08447) - 2026 - 中期业绩