Financial Performance - Revenue for the six months ended September 30, 2022, was HK$379.1 million, a decrease of 26.6% compared to HK$516.4 million in the same period of 2021[15]. - Gross profit for the same period was HK$230.1 million, down 27.5% from HK$317.3 million year-on-year[15]. - The company reported a loss before tax of HK$181.7 million, compared to a profit of HK$110.9 million in the previous year[15]. - Loss for the period attributable to owners of the parent was HK$157.6 million, compared to a profit of HK$58.6 million in the same period of 2021[15]. - Basic and diluted loss per share attributable to ordinary equity holders was HK(10.03) cents, compared to HK3.90 cents earnings per share in the prior year[15]. - Total comprehensive loss for the period was HK$444.5 million, compared to a total comprehensive income of HK$106.7 million in the previous year[18]. - The company reported a significant decline in segment results, with a loss of HK$113,577,000 in 2022 compared to a profit of HK$133,391,000 in 2021[47]. - The Group reported a loss attributable to shareholders of HK$157,586,000, compared to a profit of HK$58,609,000 in the previous year[138]. Assets and Liabilities - Total non-current assets decreased from HK$2,522,690,000 to HK$2,253,372,000, a decline of approximately 10.7%[21]. - Total current assets decreased from HK$1,868,039,000 to HK$1,694,709,000, a decline of about 9.3%[21]. - Net current assets decreased from HK$67,379,000 to HK$38,971,000, a decline of approximately 42.2%[24]. - Total liabilities decreased from HK$5,280,960,000 to HK$4,808,967,000, a reduction of about 8.9%[24]. - Net assets decreased from HK$4,078,405,000 to HK$3,618,258,000, a decline of approximately 11.3%[24]. - Equity attributable to owners of the parent decreased from HK$3,929,537,000 to HK$3,464,568,000, a decline of about 11.8%[24]. - Cash and cash equivalents decreased from HK$279,616,000 to HK$219,448,000, a decline of approximately 21.6%[21]. - Total current liabilities decreased from HK$1,800,660,000 to HK$1,655,738,000, a reduction of about 8.1%[24]. - As of September 30, 2022, the Group's consolidated net assets after deduction of non-controlling interests were HK$3,621,704,000, down from HK$4,086,673,000 as of March 31, 2022[165]. Cash Flow - Net cash flows from operating activities decreased to HK$26,997,000, down 63.0% from HK$72,976,000 in the previous year[29]. - Net cash flows used in investing activities improved to HK$17,440,000, significantly better than HK$199,708,000 in the prior period[29]. - Cash and cash equivalents at the end of the period were HK$262,926,000, a decrease from HK$403,441,000 in the previous year[29]. - The Group's free cash and bank balances amounted to HK$219,448,000 as of September 30, 2022, compared to HK$279,616,000 as of March 31, 2022[165]. Segment Performance - Revenue from restaurant, food, and hotel businesses was HK$323,606,000, down 29.7% from HK$460,744,000 in the previous year[47]. - The turnover of the restaurant, food, and hotel segment for the period ended 30 September 2022 was HK$323,606,000, a decrease of 30% from HK$460,744,000 in 2021[151]. - Segment profit for the period was HK$22,635,000, a decrease of 76% from HK$93,734,000 in 2021[151]. - The food business turnover for the period was HK$186,074,000, a decrease of 36% from HK$291,653,000 in 2021[151]. - The bakery business in Hong Kong recorded an increase of 8% in sales to HK$63,948,000 from the same period last year[154]. - The hotel business recorded a turnover of HK$11,086,000, an increase of 6% from HK$10,439,000 in 2021[154]. Strategic Focus and Future Plans - The company is focusing on enhancing its product offerings and expanding its market presence in response to the current financial challenges[11]. - Future strategies include potential market expansion and investment in new technologies to drive growth[11]. - Management is focused on effective cost control measures and adjusting business strategies in response to market changes[165]. - The Group plans to expand its food business in the Mainland market, introducing new products including packaged Hainan style food and Chinese style dry meat products[165]. - Management remains cautiously optimistic about the property business due to limited land supply and strong end-user demand in Hong Kong[160]. Shareholder Information - The Board does not recommend the payment of any interim dividend for the six months ended September 30, 2022, consistent with the previous year[71]. - The Group's share option scheme allows for a maximum of 125,388,753 shares to be issued, representing 7.98% of the issued share capital[95]. - The total number of shares available for issuance under the 2015 Option Scheme is 125,388,753 shares, representing 7.98% of the company's issued share capital[96]. - The maximum entitlement of each participant under the 2015 Option Scheme is limited to 1% of the issued share capital of the Company in any twelve-month period[200]. - The purpose of the 2015 Option Scheme is to motivate eligible participants to optimize their performance efficiency for the benefit of the Group[198].
佳宁娜(00126) - 2023 - 中期财报