Financial Performance - For the three months ended September 30, 2022, the group's revenue was HKD 17,534,000, a decrease of 33.5% compared to HKD 26,338,000 for the same period in 2021[53]. - For the six months ended September 30, 2022, the group's revenue was HKD 32,817,000, down 35.5% from HKD 50,854,000 in the same period of 2021[53]. - The group reported a loss before tax of HKD 7,660,000 for the three months ended September 30, 2022, compared to a profit of HKD 2,162,000 for the same period in 2021[53]. - The loss attributable to owners of the company for the six months ended September 30, 2022, was HKD 17,161,000, compared to a profit of HKD 9,352,000 in the same period of 2021[55]. - Basic loss per share for the three months ended September 30, 2022, was HKD (0.80), compared to HKD (0.23) for the same period in 2021[55]. - The group incurred total comprehensive expenses of HKD (7,684,000) for the three months ended September 30, 2022, compared to HKD (2,258,000) for the same period in 2021[55]. - The company reported a net loss of HKD 9,352,000 for the period, compared to a loss of HKD 50,519,000 in the previous year, showing an improvement in performance[61]. - For the six months ended September 30, 2022, the total revenue recorded by the company was approximately HKD 32.8 million, a decrease of 35.6% compared to HKD 50.9 million for the same period last year, primarily due to the severe economic downturn caused by the COVID-19 pandemic[126]. Revenue Breakdown - The total revenue for the six months ended September 30, 2022, was HKD 32,817,000, with contributions from various segments including Chinese cuisine (HKD 10,971,000), Thai cuisine (HKD 7,743,000), and Malaysian cuisine (HKD 11,223,000) [78]. - The revenue from the "麻酸樂╱嫲孫樂" brand was approximately HKD 11.0 million, accounting for 33.5% of total revenue, representing a 12.0% decrease year-on-year[118]. - The "泰巷" brand generated revenue of approximately HKD 7.7 million, which is 23.5% of total revenue, reflecting a significant decrease of 45.8% compared to the previous year[118]. - The "峇峇娘惹" brand reported revenue of approximately HKD 11.2 million, making up 34.1% of total revenue, with a year-on-year decrease of 36.7%[118]. - The "銷售食材" segment recorded revenue of approximately HKD 2.9 million, representing 8.9% of total revenue, down 48.2% from the previous year[119]. Expenses and Costs - Employee costs for the three months ended September 30, 2022, were HKD (7,882,000), down 11.6% from HKD (8,916,000) in the same period of 2021[53]. - Employee costs for the six months ended September 30, 2022, were approximately HKD 14.6 million, a decrease of about 18.0% from HKD 17.8 million in the same period last year, mainly due to tightened cost control[128]. - Other expenses increased by approximately 80.3% to about HKD 12.8 million, primarily due to an increase in share option expenses of HKD 8,329,000[133]. Assets and Liabilities - As of September 30, 2022, the company's non-current assets totaled HKD 24,316,000, down from HKD 31,042,000 as of March 31, 2022, representing a decrease of approximately 21.6%[57]. - Current assets amounted to HKD 63,221,000, a slight decrease from HKD 65,745,000, indicating a reduction of about 3.8%[57]. - Total liabilities decreased from HKD 14,490,000 to HKD 12,331,000, reflecting a reduction of approximately 15%[59]. - The company's total equity as of September 30, 2022, was HKD 33,837,000, down from HKD 42,791,000, indicating a decline of about 20.9%[59]. - The total assets as of September 30, 2022, amounted to HKD 87,537,000, with significant contributions from cash and bank balances (HKD 24,891,000) and inventory [82]. - The total liabilities as of September 30, 2022, were HKD 53,700,000, with major components including trade and other payables and lease liabilities [82]. - The company's inventory decreased from HKD 1,811,000 to HKD 1,310,000, a reduction of about 27.6%[57]. - The group had no outstanding bank borrowings as of September 30, 2022, compared to approximately zero as of March 31, 2022[147]. Operational Changes and Strategies - The company plans to reduce employee costs by minimizing staff usage and negotiate rent discounts with landlords to mitigate financial pressures[116]. - The company aims to expand its takeaway product lines, including packaged food and ready-to-eat products, to enhance sales and marketing efforts[116]. - The company relocated its headquarters, reducing office space from 5,000 square feet to 2,000 square feet, resulting in a 66.7% decrease in rent and annual savings of over HKD 680,000[121]. - The company has implemented a share option scheme to attract and retain talent, granting a total of 33,600,000 options on April 20, 2022, and 62,400,000 options on September 27, 2022, for new ordinary shares at HKD 0.01 each[169][173]. Compliance and Governance - The company has adhered to the GEM Listing Rules and corporate governance codes, ensuring compliance with all applicable provisions as of September 30, 2022[176]. - The audit committee, consisting of three independent non-executive directors, has reviewed the interim financial statements, confirming compliance with applicable accounting standards and sufficient disclosures[179]. - The company has not applied any new accounting standards that have been issued but are not yet effective, and is currently assessing their potential impact [74]. - The company’s management has made significant judgments and estimates in preparing the interim financial statements, consistent with those applied in the annual report [74]. Shareholder Information - As of September 30, 2022, major shareholders hold significant stakes in the company, with MJL having 30.24% owned by Ms. Huang Xueqing and Ms. Zhou Lifeng each, and 18.24% by Ms. Wang Xiuting[163]. - The total number of unexercised share options as of September 30, 2022, is 62,400,000, down from 96,000,000 options granted earlier[109].
倩碧控股(08367) - 2023 - 中期财报