Revenue Performance - For the six months ended June 30, 2022, the group recorded revenue of approximately HKD 56.1 million, an increase of about 48.0% compared to approximately HKD 37.9 million in the same period last year[14] - The revenue increase was primarily driven by the expansion of fresh and frozen food trade and processing, with approximately HKD 44.8 million from food processing and trade and approximately HKD 11.3 million from restaurant operations[14] - For the six months ended June 30, 2022, total revenue reached HKD 56,101,000, a significant increase of 48.0% compared to HKD 37,905,000 in the same period of 2021[77] - Revenue from food sales reached HKD 44,487,000, up 70.9% from HKD 26,050,000 in the previous year[82] - Restaurant operations generated revenue of HKD 11,311,000, a 8.7% increase compared to HKD 10,402,000 in 2021[82] Profitability and Loss - The group reported an operating loss before tax of approximately HKD 5.6 million, down from approximately HKD 7.7 million in the same period last year[15] - The company recorded a net loss of approximately HKD 5.8 million for the six months ended June 30, 2022, compared to a net loss of approximately HKD 7.3 million in the same period last year[20] - The net loss for the six months ended June 30, 2022, was HKD 5,805,000, compared to a net loss of HKD 7,312,000 for the same period in 2021, indicating a reduction in losses[52] - The adjusted loss before tax for the group was HKD (5,876,000), an improvement from HKD (7,929,000) in the same period last year, reflecting a reduction in losses[77] - The group reported a pre-tax loss of HKD 5,201,000 for the six months ended June 30, 2022, compared to a loss of HKD 6,818,000 in the same period of 2021, reflecting a 23.7% improvement[93] Cost and Expenses - The cost of consumed inventory for the same period was approximately HKD 36.9 million, compared to approximately HKD 20.7 million in the previous year[15] - Employee benefit expenses increased to approximately HKD 12.6 million from approximately HKD 11.0 million in the previous year, mainly due to an increase in the number of employees[17] - The cost of goods sold for the six months ended June 30, 2022, was HKD 36,862,000, representing an increase of 77.6% from HKD 20,746,000 in the previous year[52] Assets and Liabilities - The company's current assets net value as of June 30, 2022, was approximately HKD 16.9 million, down from HKD 20.5 million as of December 31, 2021[22] - Non-current assets decreased to HKD 109,698,000 as of June 30, 2022, from HKD 113,652,000 at the end of 2021, a decline of 3.99%[55] - The company's total liabilities increased to HKD 22,727,000 from HKD 19,718,000, representing a 15.5% rise in current liabilities[55] - Total equity attributable to the owners of the company decreased to HKD 102,984,000 from HKD 106,852,000, a decline of 3.5%[56] Cash Flow - Cash and cash equivalents decreased to HKD 21,562,000 from HKD 23,115,000, a decline of 6.73%[55] - Operating cash flow for the six months was HKD 293,000, down from HKD 1,020,000 in the previous year, indicating a significant decrease of 71%[62] - The net cash flow used in financing activities was HKD (2,339,000), compared to HKD (743,000) in the previous year, indicating a deterioration in financing cash flow[63] Shareholder Information - As of June 30, 2022, the major shareholder, Jianjing Venture Capital Limited, held 1,050,000,000 shares, representing 75% of the company's issued share capital[39] - The company has issued 1,400,000,000 shares with a par value of HKD 0.01 per share, and its capital structure has not changed since its listing[24] Corporate Governance - The company has established an audit committee consisting of three independent non-executive directors to ensure compliance with applicable accounting standards[50] - The company has adopted the corporate governance code as per GEM Listing Rules and has complied with its provisions during the review period[48] Related Party Transactions - Total sales to related party Youxing for the six months ended June 30, 2022, reached HKD 3,513,000, up from HKD 2,856,000 in the same period of 2021, reflecting a growth of approximately 23%[102] - Purchases from related party Guangzhou Ge Yun amounted to HKD 873,000 for the six months ended June 30, 2022, compared to HKD 385,000 in the same period of 2021, an increase of about 127.8%[102] Employee Information - The company employed 78 full-time employees as of June 30, 2022, an increase from 67 employees in the same period last year[34] - Total remuneration for key management personnel for the six months ended June 30, 2022, was HKD 2,501,000, slightly up from HKD 2,457,000 in the same period of 2021[105]
运兴泰集团(08362) - 2022 - 中期财报