Financial Performance - The group's revenue increased by 23.3% to approximately HKD 388.3 million for the six months ended March 31, 2022, compared to HKD 314.9 million in the same period last year[5]. - Profit for the period was HKD 26.4 million, down from HKD 58.8 million in the previous year[5]. - Revenue for the six months ended March 31, 2022, was HKD 388,347,000, an increase of 23.3% from HKD 314,857,000 in 2021[30]. - Profit before tax decreased to HKD 37,737,000, down 47.2% from HKD 71,421,000 in the previous year[30]. - Net profit for the period was HKD 26,381,000, a decline of 55.2% compared to HKD 58,800,000 in 2021[30]. - Total comprehensive income for the period was HKD 28,694,000, compared to HKD 60,697,000 in the prior year, reflecting a decrease of 52.8%[33]. - The company reported a significant increase in employee costs to HKD 151,773,000, up 41.5% from HKD 107,131,000 in 2021[30]. - Depreciation expenses rose to HKD 80,622,000, an increase of 29.6% from HKD 62,176,000 in the previous year[30]. - The total expenses for the six months ended March 31, 2022, amounted to HKD 63,042,000, compared to HKD 59,823,000 in the previous year, reflecting an increase of about 5.4%[63]. - The profit for the period attributable to the company's shareholders was HKD 26,588,000, a decrease from HKD 58,980,000 in the previous year, indicating a decline of approximately 55.1%[69]. Revenue Composition - The sales mix shifted significantly, with product sales accounting for 26.4% and beauty services 73.6%, compared to 19.9% and 80.1% in the previous period[6]. - Revenue from product sales for the six months ended March 31, 2022, was HKD 102,405,000, an increase from HKD 62,505,000 in the previous year[55]. - Revenue from service sales for the same period was HKD 285,942,000, up from HKD 252,352,000, indicating growth in service offerings[55]. Capital Expenditure and Investments - Capital expenditure rose to HKD 27.1 million, an increase of nearly 74% year-on-year, primarily due to new store openings and equipment purchases[9]. - The capital expenditure for property and equipment was approximately HKD 27,115,000 for the six months ended March 31, 2022, compared to HKD 15,627,000 in the previous year, showing an increase of about 73.5%[72]. - The company has committed capital expenditures of HKD 22,444 million as of March 31, 2022, compared to HKD 3,729 million as of September 30, 2021, indicating a substantial increase in capital commitments[83]. Operational Challenges - The group faced challenges due to the closure of beauty salons and spas, which were mandated from January 7, 2022, impacting overall revenue[6]. - The group successfully controlled advertising costs as a percentage of revenue, despite increased depreciation costs due to new store openings[9]. - The net cash generated from operating activities for the six months ended March 31, 2022, was HKD 13,351,000, a significant decrease from HKD 77,636,000 in the previous year[42]. Employee and Management Information - The group has hired 1,043 employees as of March 31, 2022, an increase from 968 employees as of September 30, 2021[22]. - Management compensation for the six months ended March 31, 2022, totaled HKD 18,587 million, compared to HKD 6,131 million for the same period in 2021, reflecting a significant increase of about 203%[85]. Governance and Shareholding - The company has established various committees, including the Audit Committee, Compensation Committee, Investment Advisory Committee, Nomination Committee, and Disclosure Committee, to enhance governance and oversight[91][93][94][95]. - The Audit Committee is responsible for reviewing the group's financial information and monitoring the financial reporting system, risk management, and internal control systems[90]. - As of March 31, 2022, major shareholders include Yu Lisi with 166,113,760 shares (24.41%) and Tian Jun Limited with 155,333,760 shares (22.82%) of the issued ordinary shares[104]. - The company emphasizes compliance with corporate governance codes and regulations to ensure transparency and accountability[94]. Future Outlook - The group plans to open a new Oasis Medical Beauty Center on April 21, 2022, following the lifting of government restrictions, which will include a new joint venture offering dental beauty services[16]. - The group is expanding its service offerings with a new Glycel spa center in Tsim Sha Tsui and plans to open additional medical beauty centers in the second half of 2022[16]. - The company is confident in achieving good performance in the second half of the year due to increasing customer spending and demand for beauty services[17].
奥思集团(01161) - 2022 - 中期财报