Financial Performance - The group's revenue for the six months ended September 30, 2025, slightly increased by 0.3% to approximately HKD 127.1 million from HKD 126.7 million for the same period in 2024[12]. - 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[12]. - Revenue from restaurant operations for the six months ended September 30, 2025, was HKD 127,051,000, slightly up from HKD 126,707,000 in 2024, indicating a growth of approximately 0.27%[25]. - The company 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 in the same period of 2024[16]. - The company's earnings per share for the six months ended September 30, 2025, was HKD 3,677, compared to a loss of HKD 12,973 for the same period in 2024, marking a significant recovery[28]. Cost Management - The gross profit margin improved, with gross profit rising to HKD 80.2 million compared to HKD 73.2 million in the prior period, reflecting a better cost management strategy[13]. - The company reported a decrease in the cost of goods sold, which fell to HKD 46.9 million from HKD 53.5 million, indicating improved operational efficiency[13]. - The company is focusing on cost control measures, as evidenced by reduced employee costs from HKD 39.9 million to HKD 37.2 million[13]. - The company incurred a cost of goods sold of HKD 46,898,000 for the six months ended September 30, 2025, down from HKD 53,512,000 in 2024, which is a decrease of approximately 12.3%[27]. - Employee costs decreased by approximately HKD 2.7 million or 6.8% to approximately HKD 37.2 million, mainly due to the closure of a restaurant[43]. Assets and Liabilities - Total current assets increased to HKD 35.5 million as of September 30, 2025, compared to HKD 32.0 million as of March 31, 2025[14]. - The total liabilities decreased from HKD 54.1 million to HKD 46.6 million, showing a reduction in financial obligations[15]. - The net asset value increased to HKD 14.6 million from HKD 10.9 million, indicating a stronger financial position[15]. - As of September 30, 2025, the current ratio was 1.2, indicating improved liquidity compared to 0.6 as of March 31, 2025[52]. - The group had no major capital commitments or contingent liabilities as of September 30, 2025[60][61]. 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 in 2024, reflecting an increase of about 1.87%[17]. - The company experienced a decrease in financing cash outflows, which amounted to HKD 17,397,000 for the six months ended September 30, 2025, down from HKD 19,476,000 in 2024, representing a reduction of approximately 10.6%[17]. - The total cash and cash equivalents at the end of the period increased to HKD 18,305,000 from HKD 26,544,000 in the previous year, showing a decrease of about 30.9%[17]. - Cash and cash equivalents as of September 30, 2025, were approximately HKD 18.3 million, up from HKD 17.5 million as of March 31, 2025[52]. Operational Developments - The company operates 11 restaurants in Hong Kong, offering a variety of cuisines, including Japanese and Western dishes[38]. - The company has renewed leases for existing restaurant properties in West Kowloon and Causeway Bay during the reporting period[37]. - The company plans to open a new restaurant under the "Shokudo Wara" brand, offering seasonal Japanese set meals[37]. - The group plans to continue expanding its restaurant network and enhancing its marketing efforts to strengthen brand awareness[53]. Shareholder Information - The issued share capital remained unchanged since the listing on GEM on April 16, 2018, with 1,000,000,000 shares as of September 30, 2025[55]. - Major shareholders, including Future More, collectively hold 750,000,000 shares, representing 75% of the issued share capital[67]. - Future More has a total of 1,000,000,000 issued shares as of September 30, 2025, with the following ownership percentages: Mr. Kwan 14%, Ms. Yip 18%, Ms. Kwan 18%, Mr. Kwan 25%, and Ms. Kwan 25%[70]. - The total number of stock options available for grant under the stock option plan is 100,000,000 as of both April 1, 2025, and September 30, 2025, with no options granted since the plan's adoption[71]. Dividend Policy - The company decided not to declare an interim dividend for the period, consistent with the previous year[12]. - The board decided not to declare an interim dividend for the six months ending September 30, 2025[62]. Audit and Compliance - The audit committee, composed of independent non-executive directors, has reviewed the unaudited consolidated results for the six months ended September 30, 2025, and confirmed compliance with applicable accounting standards[80]. - No significant events affecting the group occurred after September 30, 2025, up to the report date[81].
MS CONCEPT(08447) - 2026 - 中期财报