大快活集团(00052) - 2023 - 中期财报

Financial Performance - Revenue for the six months ended September 30, 2022, was HKD 1,494,720,000, a slight decrease of 0.1% compared to HKD 1,498,604,000 for the same period in 2021[18] - Gross profit for the period was HKD 137,216,000, down 12.8% from HKD 157,282,000 in the previous year[18] - Operating profit decreased to HKD 63,542,000, representing a decline of 22.5% from HKD 81,950,000 in the prior year[18] - Profit attributable to equity shareholders for the period was HKD 42,826,000, down 18.4% from HKD 52,493,000 in the same period last year[18] - Basic and diluted earnings per share were both 33.06 cents, compared to 40.52 cents in the previous year[19] - Total comprehensive income for the period was HKD 37,135,000, a decrease of 29.4% from HKD 52,695,000 in the prior year[21] - The group reported a pre-tax profit of HKD 47,338,000 for the six months ended September 30, 2022, down from HKD 65,906,000 in the previous year[40] - The group recorded a segment profit of HKD 68,663,000 from the Hong Kong restaurant segment, down from HKD 78,653,000 in the previous year[49] - The group’s revenue for the period ended September 30, 2022, was HKD 1.4947 billion, a slight decrease from HKD 1.4986 billion in the previous year[98] - Gross profit margin decreased to 9.2% compared to 10.5% in the previous year[98] - Profit attributable to equity shareholders decreased by 18.4% to HKD 42.8 million, down from HKD 52.5 million in the previous year[98] Assets and Liabilities - Non-current assets as of September 30, 2022, totaled HKD 1,490,364,000, down from HKD 1,567,784,000 as of March 31, 2022[23] - Current assets amounted to HKD 865,544,000, an increase from HKD 769,484,000 as of March 31, 2022[23] - Total liabilities were HKD 1,596,978,000, compared to HKD 1,562,032,000 as of March 31, 2022[25] - Total equity attributable to shareholders was HKD 699,930,000, down from HKD 714,236,000 as of March 31, 2022[27] - The total receivables as of September 30, 2022, amounted to 115,233 thousand HKD, a decrease from 144,664 thousand HKD as of March 31, 2022[75] - Accounts receivable decreased from HKD 17,288,000 as of March 31, 2022, to HKD 12,900,000 as of September 30, 2022, representing a decline of approximately 25.5%[76] - The group reported a total of HKD 413,426,000 in payables as of September 30, 2022, compared to HKD 344,428,000 as of March 31, 2022, indicating a rise of approximately 20.1%[79] Cash Flow - Cash generated from operating activities was HKD 414,871,000, an increase from HKD 358,089,000 in the previous year, reflecting a growth of approximately 15.8%[36] - The company incurred a net cash outflow from investing activities of HKD 77,949,000, compared to HKD 49,105,000 in the previous year, indicating an increase in investment expenditures[36] - The net cash outflow from financing activities was HKD 225,599,000, slightly improved from HKD 231,507,000 in the previous year[37] - As of September 30, 2022, cash and cash equivalents amounted to HKD 667,200,000, down from HKD 693,304,000 at the same time last year[37] - The group’s cash and cash equivalents amounted to HKD 697,959,000 as of September 30, 2022, compared to HKD 557,102,000 as of March 31, 2022[40] - Total cash and cash equivalents rose from HKD 557,102,000 to HKD 697,959,000, marking an increase of approximately 25.3%[78] Dividends and Shareholder Returns - The company declared dividends amounting to HKD 77,731,000 for the previous year, reflecting its commitment to returning value to shareholders[30] - The interim dividend declared was 0.18 HKD per share, totaling 23,320 thousand HKD, a decrease from 0.25 HKD per share and 32,388 thousand HKD in the previous year[63] - The interim dividend declared for the six months ended September 30, 2022, is HKD 0.18 per share, down from HKD 0.25 per share in the previous year, representing approximately 54% of the group's profit attributable to equity shareholders for the period[142] Operational Developments - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency[34] - The group opened nine new stores during the review period, including six in Hong Kong and three in mainland China[109] - The group has implemented various cost management measures to address rising food and labor costs, including seeking new suppliers and optimizing packaging[105] - New value meal options were introduced, such as breakfast and afternoon tea sets priced at HKD 27, and a dinner takeaway set priced at HKD 99[103] - The group is focusing on enhancing the attractiveness of dinner service offerings, particularly in a challenging economic environment[102] - The group continues to expand its breakfast and afternoon tea selections with new baked goods[102] - The group anticipates further growth in "Click-and-Collect" sales following the launch of a new application later in the year[103] Management and Governance - The company has complied with the applicable code provisions of the Corporate Governance Code during the six months ended September 30, 2022[145] - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited financial information and interim results for the six months ended September 30, 2022[148] - The major shareholders as of September 30, 2022, include Neblett with 37.65% and HSBC International Trustee Limited with 42.79%[139] - The company has not granted any stock options under the 2021 Stock Option Plan since its adoption[132] - The company has no other arrangements that allow directors or executives to acquire shares in the company or its subsidiaries as of September 30, 2022[137] Market Outlook - The group is preparing for market opportunities in mainland China following the easing of pandemic restrictions, with a focus on operational efficiency[112] - The group is positioned for recovery despite ongoing economic challenges, indicating a stable end-of-period condition[112] - The group anticipates that the expected cash flows from operations will further strengthen its financial position over the next twelve months[40]