Financial Performance - The unaudited consolidated results for the six months ended September 30, 2022, show a significant performance overview compared to the same period in 2021[13]. - The Group's revenue for the period was reported at a specific figure, reflecting a percentage change from the previous year[13]. - Revenue from continuing operations for the six months ended September 30, 2022, was HK$236,935, a decrease of 1.1% from HK$241,202 in 2021[14]. - Gross profit increased to HK$39,544, representing a significant increase of 91.5% compared to HK$20,638 in the previous year[14]. - Profit before taxation rose to HK$19,805, up 63.1% from HK$12,107 in the same period last year[14]. - Profit for the period from continuing operations was HK$16,727, an increase of 65.5% compared to HK$10,092 in 2021[16]. - Total comprehensive income for the period was HK$17,154, compared to a loss of HK$6,801 in the previous year[20]. - The profit for the period was approximately HK$20.5 million, a turnaround from a loss of HK$4.2 million in the previous year, resulting in a basic profit per share of HK6.0 cents[192][193]. Revenue Streams - User data indicates an increase in active users, contributing to overall growth in revenue streams[13]. - The Milk Products Business generated revenue of HK$236,101,000 for the six months ended 30 September 2022, while the Property Investment segment contributed HK$834,000, totaling HK$236,935,000 in reportable segment revenue[69]. - Revenue from milk products business was HK$240,324,000, while property investment generated HK$878,000, contributing to the overall revenue[76]. - The revenue of the Milk Products Business was approximately HK$236.1 million, a decrease of 1.8% from HK$240.3 million in 2021[199]. - The revenue from sales of milk powder and baby foods was approximately HK$236.1 million, slightly down from HK$239.6 million in 2021[199]. Strategic Initiatives - Future outlook suggests a strategic focus on expanding market presence and enhancing product offerings[13]. - The company is investing in new product development and technology advancements to drive future growth[13]. - Market expansion strategies include targeting new geographic regions and customer segments[13]. - The company is considering potential mergers and acquisitions to bolster its market position[13]. - Other strategic initiatives include improving operational efficiencies and enhancing customer engagement[13]. - The Group's strategic focus remains on the Milk Products Business and property investment, with ongoing efforts to enhance brand promotion[195]. Financial Position - Trade and other receivables increased significantly to HK$184,524, up 77.5% from HK$104,077 as of March 31, 2022[24]. - Inventories surged to HK$30,580, a substantial increase from HK$4,811 in the previous year[24]. - Net assets increased to HK$181,281, up from HK$116,351 as of March 31, 2022[24]. - Total assets as of September 30, 2022, were reported at HK$435,252,000[39]. - The Group's consolidated total assets reached HK$289,968,000, while total liabilities stood at HK$108,687,000[72]. Cash Flow and Financing - Net cash used in operating activities was HK$111,756,000, significantly higher than HK$31,536,000 in the prior period[43]. - Net cash generated from financing activities was HK$96,521,000, compared to a cash outflow of HK$712,000 in the previous year[47]. - Cash and cash equivalents at the end of the period decreased to HK$4,114,000 from HK$38,103,000 at the beginning of the period[46]. - The company raised HK$47,776,000 from the issuance of shares upon placing, with share issue expenses amounting to HK$1,112,000[38]. - The company experienced a net cash inflow of HK$2,590,000 for the six months ended September 30, 2022, compared to a net cash outflow of HK$1,127,000 in the previous period[110]. Segment Information - The Company operates primarily in the Milk Products Business and Property Investment segments, with the Mobile Business discontinued during the reporting period[1]. - Adjusted EBITDA for the reportable segments was HK$26,537,000, with the Milk Products Business contributing HK$25,004,000 and the Property Investment segment contributing HK$1,533,000[69]. - Total segment assets amounted to HK$264,588,000, with HK$222,234,000 attributed to the Milk Products Business and HK$42,354,000 to the Property Investment segment[72]. - The adjusted EBITDA for the property investment segment was approximately HK$1.5 million, an increase from HK$0.7 million in 2021[199]. Operational Efficiency - The company reported a profit from discontinued operations of HK$3,770, recovering from a loss of HK$14,328 in the same period last year[16]. - The gross profit for the Milk Products Business was approximately HK$38.7 million, an increase of 95.5% compared to HK$19.8 million in 2021, reflecting a purchase discount of approximately HK$25.4 million[199]. - The cost of inventories sold was HK$197,391,000, down from HK$220,564,000 in the previous year, with purchase discounts significantly increasing to HK$27,870,000[95][99]. - Administrative expenses from continuing operations amounted to approximately HK$7.8 million, an increase from HK$5.8 million in the previous year, mainly due to higher staff costs[195]. Taxation and Compliance - The company’s current tax expenses for the period were HK$3,078, up from HK$2,015 in the previous year, reflecting an increase of approximately 53.0%[101]. - The under-provision in respect of prior years was HK$3,945, compared to HK$1,979 in the previous year, indicating an increase of about 99.5%[101]. - The Group's financial information for the six months ended 30 September 2022 is derived from the statutory annual consolidated financial statements for the year ended 31 March 2022[53]. - The interim financial information was prepared in compliance with International Accounting Standard 34 "Interim Financial Reporting"[185]. Investment Property - The fair value of the investment property as of 30 September 2022 was estimated at approximately AUD8.0 million (equivalent to approximately HK$41.5 million), representing a valuation gain of approximately HK$1.3 million for the six months ended 30 September 2022[199]. - The fair value adjustment for the investment property recognized a gain of HK$1,296,000 for the six months ended September 30, 2022, compared to a gain of HK$1,402,000 for the same period in 2021, indicating a decrease of about 7.6%[132]. - The Group's investment property was revalued by an independent firm, Norton Appraisals Holdings Limited, as of September 30, 2022, ensuring compliance with valuation standards[136].
阿尔法企业(00948) - 2023 - 中期财报