Financial Performance - For the six months ended September 30, 2022, the Group recorded a revenue of approximately HK$1,031,896,000, representing a year-on-year increase of approximately 19.6% from HK$862,978,000 for the corresponding period last year[10]. - Gross profit for the same period was approximately HK$364,712,000, with a gross profit margin of 35.3%, an increase of approximately 30.7% and 3.0 percentage points year-on-year, respectively[10]. - Profit attributable to owners of the Company during the period amounted to approximately HK$82,049,000, reflecting a year-on-year increase of approximately 261.5%[10]. - The Group's revenue for the six months ended September 30, 2022, was approximately HK$1,031,896,000, reflecting a 19.6% increase compared to HK$862,978,000 for the same period in 2021[36]. - Profit attributable to owners of the Company for the six months ended 30 September 2022 was approximately HK$82,049,000, an increase of approximately 261.5% from HK$22,699,000 for the same period in 2021[37]. - Basic and diluted earnings per share increased to 8.2 HK cents, compared to 2.3 HK cents for the same period last year[103]. - Total comprehensive income for the period was HK$81,701,000, compared to HK$22,699,000 in the same period last year, indicating a growth of 260%[104]. Retail and Market Strategy - The Group maintained considerable growth despite a generally weak retail sector by rapidly adjusting its product mix in response to consumer needs[8]. - The Group's active expansion policy contributed to the increase in turnover and gross profit, enhancing the strategic footprint of physical stores[11]. - The Group aims to achieve a net increase of 20 retail stores each year under its "dual-brand" model, targeting both "Best Mart 360˚" and "FoodVille" in Hong Kong, Macau, and Mainland China[30]. - The Group is actively exploring a trial run of an e-commerce business in Mainland China, expected to commence in the current financial year, allowing online purchases via a WeChat mini-app[32]. - The Group's marketing strategies included collaborations with various platforms and promotions, significantly increasing brand exposure and customer engagement[25]. Operational Efficiency - The Group's operational efficiency improved significantly due to strengthened marketing promotion and optimized systems, leading to a notable year-on-year growth in operating profit[11]. - Selling and distribution expenses for the six months ended 30 September 2022 amounted to approximately HK$246,080,000, an increase of approximately 13.9% from HK$216,023,000 for the same period in 2021[41]. - Administrative and other expenses for the six months ended 30 September 2022 were approximately HK$36,824,000, an increase of approximately 12.6% from HK$32,692,000 for the same period in 2021[41]. Customer Engagement and Loyalty - The number of registered fans and members reached approximately 1,931,400, reflecting a year-on-year growth of 9.5%[22]. - The number of mobile app members increased by 27.9% to approximately 815,100 from approximately 637,100 in the same period last year[22]. - The Group has developed a cumulative total of 11 private labels and 183 products during the review period, enhancing customer loyalty and reinforcing operating income[18]. Financial Position and Cash Flow - Total cash and bank balances as of 30 September 2022 were approximately HK$168,323,000, an increase of approximately 29.4% from HK$130,076,000 as of 31 March 2022[41]. - The current ratio remained stable at approximately 1.2 as at both 31 March 2022 and 30 September 2022[44]. - The net cash generated from operating activities for the six months ended September 30, 2022, was HK$216,319,000, up from HK$99,571,000 in 2021, indicating strong operational performance[110]. - Cash and cash equivalents at the end of the period increased to HK$168,323,000, compared to HK$54,762,000 at the end of the previous year, reflecting improved liquidity[110]. Corporate Governance and Compliance - The company is committed to maintaining high standards of corporate governance and has complied with all applicable code provisions in the Corporate Governance Code[82][83]. - All directors confirmed compliance with the Model Code for securities transactions during the six months ended September 30, 2022[84]. - The Group has strengthened its internal control system to meet shareholder expectations[82]. Employee and Training Development - The Group emphasizes continuous employee development and training, enhancing skills and service quality through various in-house training programs[55]. - The number of employees increased from 895 as at 30 September 2021 to 1,162 as at 30 September 2022[49]. - Staff costs (excluding Directors' emoluments) accounted for approximately 9.4% of revenue for the six months ended September 30, 2022, down from 10.1% in the corresponding period last year, a decrease of about 0.7 percentage points[26]. Dividends and Shareholder Information - The Board has recommended an interim dividend of HK8.0 cents per share for the six months ended September 30, 2022, up from HK1.5 cents per share for the same period in 2021, representing a total payout of HK$80,000,000[64]. - As of September 30, 2022, Mr. Lin Tsz Fung and Ms. Hui Ngai Fan each held 375,000,000 ordinary shares, representing 37.5% of the issued shares[70]. - The company declared an interim dividend of HK$80,000,000, equating to HK$0.08 per share, for the six months ended September 30, 2022[131].
优品360(02360) - 2023 - 中期财报