Financial Performance - The group's revenue for the six months ended September 30, 2025, was approximately HKD 12.8 million, an increase of about 2.2% compared to the same period in 2024[15] - The loss attributable to the owners of the company for the six months ended September 30, 2025, was approximately HKD 1.9 million, a decrease of about 45.5% compared to the same period in 2024[15] - The company's basic and diluted loss per share for the six months ended September 30, 2025, was HKD 0.98, compared to HKD 1.80 for the same period in 2024[16] - The total comprehensive loss for the six months ended September 30, 2025, was HKD 1.879 million, compared to HKD 3.591 million in 2024[16] - The company incurred a loss of HKD 1,883,000 during the six months ended September 30, 2025, compared to a loss of HKD 3,456,000 for the same period in the previous year, showing a reduction in losses by approximately 45.5%[21] - The group recorded a net loss of approximately HKD 1,886,000 for the six months ended September 30, 2025, with current liabilities netting around HKD 1,121,000[30] - The group recorded a loss attributable to shareholders of approximately HKD 1.9 million for the six months ending September 30, 2025, down from HKD 3.5 million in 2024[63] Expenses and Costs - The cost of goods sold for the six months ended September 30, 2025, was HKD 3.626 million, slightly decreased from HKD 3.661 million in 2024[16] - Employee costs for the six months ended September 30, 2025, were HKD 2.942 million, significantly reduced from HKD 4.654 million in 2024[16] - Depreciation expenses for the six months ended September 30, 2025, increased to HKD 3.140 million from HKD 1.669 million in 2024[16] - Other operating expenses for the six months ended September 30, 2025, were HKD 3.493 million, down from HKD 4.474 million in 2024[16] - The group reported a total employee cost of HKD 2,942,000, down from HKD 4,654,000 in the previous year, reflecting a reduction in salaries and bonuses[41] - Employee costs decreased by approximately 36.8% from about HKD 4.7 million for the six months ending September 30, 2024, to about HKD 2.9 million for the same period in 2025, representing about 23.0% of revenue[58] - Other operating expenses decreased by approximately HKD 1.0 million or 21.9% to about HKD 3.5 million for the six months ending September 30, 2025, from about HKD 4.5 million for the same period in 2024[61] Assets and Liabilities - As of September 30, 2025, the company's total assets minus current liabilities amounted to HKD 14,925,000, an increase from HKD 14,279,000 as of March 31, 2025, reflecting a growth of approximately 4.5%[19] - The company's total liabilities increased to HKD 14,876,000 as of September 30, 2025, compared to HKD 14,743,000 as of March 31, 2025, marking a rise of approximately 0.9%[19] - The company has a current liabilities net worth of (HKD 1,121,000) as of September 30, 2025, an improvement from (HKD 2,126,000) as of March 31, 2025, indicating a positive trend in managing current liabilities[19] - The total equity attributable to the owners of the company decreased to HKD 14,261,000 as of September 30, 2025, down from HKD 16,317,000 as of March 31, 2025, reflecting a decline of about 12.6%[21] - The company's non-current assets totaled HKD 16,046,000 as of September 30, 2025, slightly down from HKD 16,405,000 as of March 31, 2025, indicating a decrease of about 2.2%[19] - The group's non-current assets as of September 30, 2025, were HKD 13,414,000, a decrease from HKD 14,362,000 as of March 31, 2025[38] Cash Flow - The company reported a net cash inflow from operating activities of HKD 1,393,000 for the six months ended September 30, 2025, compared to a cash outflow of HKD 4,773,000 for the same period in 2024, indicating a significant improvement[24] - The company's cash and cash equivalents increased to HKD 8,990,000 as of September 30, 2025, up from HKD 6,804,000 at the beginning of the period, representing a growth of approximately 32%[24] - The company reported a net cash outflow from investing activities of HKD 671,000 for the six months ended September 30, 2025, compared to an outflow of HKD 38,000 in the previous period, highlighting increased investment activity[24] Dividends and Shareholder Information - The board of directors does not recommend the payment of any dividends for the six months ended September 30, 2025 (2024: none)[15] - The company has not declared or proposed any dividends for the six months ended September 30, 2025[45] - Major shareholders include the Jinshi No. 1 Limited Partnership Fund, which holds 21,155,000 shares, representing 10.99% of the company[81] Governance and Compliance - The company has established an audit committee to review financial information and internal controls, ensuring compliance with applicable accounting standards and GEM listing rules[88] - The company has maintained compliance with the corporate governance code as per GEM listing rules during the reporting period[86] - The company has confirmed that there were no conflicts of interest or competitive business activities involving directors or major shareholders during the reporting period[84] Future Plans and Strategies - The group plans to enhance cost control on inventory and operational expenses to improve operational efficiency and cash flow generation[32] - The group aims to expand its restaurant network in Hong Kong, seeking suitable locations to open new restaurants and diversify revenue sources despite facing challenges in the dining industry[64] - The group may seek additional financing resources, including issuing shares or obtaining other credit financing, to meet its obligations[32] Taxation - The estimated taxable profit for one of the subsidiaries in Hong Kong is subject to a tax rate of 8.25% for the first HKD 2,000,000, while profits exceeding this amount are taxed at 16.5%[8] - No tax provisions were made for the Hong Kong subsidiary as it did not generate any taxable profits for the six months ended September 30, 2025[8] - The company has no tax liabilities in other jurisdictions[44]
赏之味(08096) - 2026 - 中期业绩