Financial Performance - The group's unaudited profit attributable to shareholders for the six months ended June 30, 2022, was HKD 24 million, a decrease of HKD 6 million or 20% compared to HKD 30 million in the same period last year[4]. - Earnings per share were HKD 0.8 cents, down from HKD 1.0 cent in 2021[4]. - Revenue for the six months ended June 30, 2022, decreased by HKD 25 million or 7%, primarily due to reduced sales from self-operated products and consignment commission income[31]. - The company reported a total comprehensive income of HKD 24 million for the period, down from HKD 33 million in the previous year[59]. - The group recorded a net cash outflow of HKD 31,000,000 from operating, investing, and financing activities during the six months ended June 30, 2022[42]. - The net cash generated from operating activities for the six months ended June 30, 2022, was HKD 96 million, a decrease from HKD 136 million in the same period of 2021, representing a decline of 29.4%[71]. - The pre-tax profit for the six months ended June 30, 2022, was HKD 27 million, down from HKD 35 million in 2021, indicating a decrease of 22.9%[71]. - The company reported a decrease in accounts payable and other payables by HKD 89 million, compared to a decrease of HKD 36 million in the previous year[71]. Sales and Revenue - Total sales revenue for self-operated products decreased by 10% to HKD 180 million, with a gross margin slightly declining to 31%[12]. - The total sales amount for consignment and franchise counters decreased by 3% to HKD 166 million[14]. - For the six months ended June 30, 2022, Unicorn's total sales increased by 8% to HKD 703 million compared to HKD 651 million in the same period last year[18]. - The overall same-store sales for APITA and UNY Lok Fu decreased by 8% year-on-year due to the impact of the fifth wave of local COVID-19 outbreaks[18]. - Sales revenue for Unicorn reached HKD 536 million, a 12% increase from HKD 480 million in the previous year[34]. - The supermarket business saw a sales value increase of 3.3% due to consumer behavior during the pandemic[8]. Dividends and Shareholder Returns - The interim dividend declared is HKD 0.01 per share, consistent with the previous year[4]. - The total dividend payable for the current period was HKD 30 million, unchanged from the previous year[100]. Assets and Liabilities - Total assets increased to HKD 2,107 million from HKD 1,746 million, representing a growth of 20.6%[63]. - Current liabilities decreased to HKD 597 million from HKD 671 million, a reduction of 11%[63]. - Lease liabilities increased to HKD 870 million as of June 30, 2022, from HKD 502 million as of December 31, 2021, reflecting a growth of approximately 73.5%[138]. - The company's net asset value slightly decreased to HKD 1,318 million from HKD 1,324 million[63]. Government Support and Subsidies - Despite the decrease in sales, the after-tax profit contribution from Citistore increased by HKD 7 million or 21% to HKD 40 million, mainly due to government wage subsidies of HKD 8 million[15]. - Other income included HKD 8 million from the Employment Support Scheme related to COVID-19, which was not present in the previous year[32]. - The company received government subsidies totaling HKD 10 million under the "Employment Support Scheme" for May and June 2022[92]. Operational Efficiency and Future Plans - The group expects consumer spending to improve with the government's new consumption voucher scheme, while closely monitoring the local pandemic situation[25]. - The group plans to enhance customer shopping experiences by introducing new food counters and children's play areas in selected stores, along with a new online store and integrated rewards program[25]. - The central distribution center, covering 58,500 square feet, is expected to enhance operational efficiency and cost-effectiveness, with its cold storage set to be operational by the end of 2022[25]. Financial Resources and Commitments - The group has sufficient financial resources to meet its operational and future expansion funding needs[43]. - The group had capital commitments of HKD 68,000,000 for fixed asset projects as of June 30, 2022, compared to HKD 14,000,000 at the end of 2021[47]. Management and Governance - The company has complied with the applicable code provisions of the Corporate Governance Code as per the Hong Kong Stock Exchange Listing Rules[156]. - The board of directors confirmed that all directors have fully complied with the standards set out in the code for securities transactions by directors[157]. - The company has adopted a code for securities transactions by directors in accordance with the Listing Rules[157]. Ownership Structure - The company is fully owned by Henderson Investment Limited, which holds significant stakes through various subsidiaries[169]. - The total equity interest held by the directors in the company was 2,110,868,943 shares, representing 69.27%[163]. - Major shareholders hold a total of 2,110,868,943 shares, representing 69.27% of the company's equity[168].
恒基发展(00097) - 2022 - 中期财报