Financial Performance - Revenue for the six months ended September 30, 2022, was HK$2,112,609, a decrease of 10.2% compared to HK$2,353,839 in 2021[4] - Gross profit for the same period was HK$489,242, representing a slight increase of 0.4% from HK$487,165 in 2021[4] - Profit before tax increased to HK$46,592, up 29.4% from HK$36,018 in the previous year[4] - Profit for the period was HK$60,673, significantly higher than HK$23,435 in 2021, marking a year-on-year increase of 158.5%[5] - Earnings per share attributable to ordinary equity holders rose to HK15.2 cents, compared to HK4.0 cents in the previous year[4] - Total comprehensive loss for the period was HK$50,109, contrasting with a total comprehensive income of HK$37,961 in the previous year[5] - Profit before tax for the six months ended September 30, 2022, was HK$46,592,000, an increase from HK$36,018,000 in the same period of 2021, representing a growth of 29.0%[17] - Net cash flows from operating activities rose to HK$146,440,000 for the six months ended September 30, 2022, compared to HK$121,054,000 in the prior year, an increase of 21.0%[17] - Total comprehensive loss for the period was HK$51,166,000, compared to a total comprehensive income in the previous period[11] Assets and Liabilities - Total non-current assets decreased to HK$1,277,525 from HK$1,407,100 as of March 31, 2022[7] - Current assets totaled HK$1,913,755, a slight decrease from HK$1,945,141 as of March 31, 2022[7] - Total current liabilities increased to HK$1,684,404,000 as of September 30, 2022, compared to HK$1,634,089,000 on March 31, 2022, reflecting a rise of 3.5%[9] - Net current assets decreased to HK$229,351,000 from HK$311,052,000, indicating a decline of 26.3%[9] - Total equity attributable to equity holders of the Company decreased to HK$1,266,140,000 as of September 30, 2022, down from HK$1,342,283,000, a reduction of 5.7%[9] - Total liabilities as of September 30, 2022, were HK$1,895,677,000, an increase from HK$1,981,552,000 as of March 31, 2022[49] Cash Flow and Financing - Cash and cash equivalents increased to HK$656,581 from HK$611,220, reflecting improved liquidity[7] - Net cash flows used in financing activities amounted to HK$50,183,000, a significant increase from HK$24,682,000 in the previous year, representing a rise of approximately 103.5%[19] - Cash and cash equivalents at the end of the period reached HK$656,581,000, compared to HK$638,708,000 at the end of the previous year, showing a growth of about 2.9%[19] - Cash and bank balances decreased to HK$490,532,000 from HK$578,559,000, reflecting a decline of approximately 15.2%[19] - The total non-current liabilities decreased to HK$211,273,000 from HK$347,463,000, a significant reduction of 39.2%[9] Segment Performance - Total revenue for the six months ended September 30, 2022, was HK$2,112,609,000, with segment revenues from Hong Kong, Mainland China, and Japan being HK$949,571,000, HK$534,307,000, and HK$804,919,000 respectively[41] - The Hong Kong segment reported a profit before tax of HK$59,329,000, while the Mainland China and Japan segments reported profits of HK$5,692,000 and HK$1,681,000 respectively, totaling HK$66,702,000[41] - Revenue from Hong Kong increased slightly to HK$928,500,000, up from HK$921,312,000, while revenue from Mainland China decreased to HK$420,386,000 from HK$474,068,000[51] - Revenue from Japan decreased to HK$763,723,000 from HK$958,459,000, reflecting a decline of 20.4%[51] Corporate Governance and Compliance - The Company has maintained high standards of corporate governance and complied with the Corporate Governance Code during the review period[192] - The Audit Committee reviewed the unaudited condensed consolidated interim financial statements for the six months ended 30 September 2022[196] - The Company confirmed that all directors complied with the trading standards set out in the code of conduct for the six months ended September 30, 2022[198] - The Company published its interim results announcement for the six months ended September 30, 2022, on the Hong Kong Exchanges and Clearing Limited website and its own website[197] Strategic Initiatives - The Group aims to expand its market share in mainland China and Japan, laying a foundation for long-term development[129] - The Group plans to promote international food e-commerce in Mainland China through platforms like Taobao and Tmall, targeting growth in the Japanese food market[140] - The acquisition of Miyata has enhanced synergies and laid a foundation for business expansion, particularly in sourcing Japanese essential food products[117] - The Group launched Miyata Ice Cream in the Hong Kong market, which has gained a larger market share in the ice cream sector[117] Employee and Shareholder Information - The total number of employees as of September 30, 2022, was approximately 2,800, with remuneration packages structured based on market terms and individual qualifications[164] - As of September 30, 2022, Tai Tak Fung, Stephen held a long position of 259,478,000 shares, representing 67.52% of the Company’s total issued shares[168] - The Company had no outstanding share options at the beginning and end of the review period, and no share options were granted during the period[192]
四洲集团(00374) - 2023 - 中期财报