Financial Performance - Helens International Holdings reported a revenue of HKD 1.2 billion for the first half of 2022, representing a year-on-year increase of 15%[10]. - The company achieved a net profit of HKD 300 million, which is a 20% increase compared to the same period last year[10]. - The company reported a loss attributable to owners of RMB 304,144 thousand for the six months ended June 30, 2022, compared to a loss of RMB 24,836 thousand in the prior year, indicating a significant increase in losses[103]. - Adjusted net loss for the period was RMB 99,936 thousand, a decrease from a profit of RMB 80,631 thousand in the same period of 2021, reflecting a substantial decline in financial performance[15]. - The company reported a gross profit margin of approximately 66.0% for the first half of 2022, compared to 68.0% in the same period of 2021[103]. - The net cash flow from operating activities for the six months ended June 30, 2022, was RMB 56,817 thousand, down from RMB 106,302 thousand in the same period of 2021, indicating a decline of approximately 46.4%[107]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share by 2025[10]. - Helens International is investing HKD 100 million in new product development, focusing on innovative beverage offerings[10]. - The company plans to continue expanding its tavern network and optimizing operations to improve financial performance in the future[17]. - The company plans to allocate 70% of the net proceeds, amounting to HKD 2,086.1 million, for opening new taverns over the next three years[102]. - The company has allocated 5% of the net proceeds, or HKD 149.0 million, to strengthen its operational capabilities and continue investing in technology research and development[102]. Operational Metrics - User data indicated a growth in active users to 1.5 million, up 25% from the previous year[10]. - The number of taverns in China reached 821 as of August 21, 2022, covering 26 provincial-level administrative regions and 167 cities, an increase from 471 taverns as of June 30, 2021[17][18]. - Average daily sales per tavern in first-tier cities decreased to RMB 7.3 for the six months ended June 30, 2022, down from RMB 9.9 in the same period of 2021, indicating a decline of approximately 26.3%[19]. - Same-store sales decreased by 32.6% year-on-year, with average daily sales per store dropping by 26.8%[21]. Cost and Expenses - Employee benefits and human resources expenses increased by 22.2% to RMB 380.0 million, primarily due to the expansion of the restaurant network[31]. - The cost of raw materials and consumables rose by 9.4% to RMB 297.1 million, outpacing revenue growth due to increased marketing activities[30]. - Depreciation of right-of-use assets surged by 92.4% to RMB 157.4 million, attributed to the increase in the number of restaurants[32]. - Financial expenses increased by 41.6% from RMB 26.2 million for the six months ended June 30, 2021, to RMB 37.1 million for the six months ended June 30, 2022, due to increased lease liabilities from the growing number of taverns[44]. Assets and Liabilities - As of June 30, 2022, total assets amounted to RMB 4,040,651 thousand, down from RMB 4,286,766 thousand as of December 31, 2021, showing a decrease of approximately 5.7%[16]. - The total liabilities as of June 30, 2022, were RMB 1,302,190 thousand, down from RMB 1,410,046 thousand as of December 31, 2021, indicating a reduction of approximately 7.7%[16]. - The total equity as of June 30, 2022, was RMB 2,738,461 thousand, a decrease from RMB 2,876,720 thousand as of December 31, 2021, reflecting a decline of about 4.8%[16]. Corporate Governance and Compliance - The audit committee reviewed the unaudited interim financial results for the six months ended June 30, 2022, and found them compliant with relevant accounting standards[98]. - The company adopted the corporate governance code and confirmed compliance with all applicable code provisions during the reporting period, except for the separation of roles between the chairman and CEO[95]. - The company did not recommend any interim dividend for the six months ended June 30, 2022[99]. Share Capital and Financing - As of June 30, 2022, the total issued share capital was approximately 1,266,901,524 shares[72]. - The company raised approximately HKD 2,980.1 million from its IPO, with a remaining unutilized net proceeds balance of approximately HKD 1,560.1 million as of the reporting period[101]. - The company has adopted a prudent capital management policy and has sufficient backup bank financing to meet operational and future development funding needs[62].
海伦司(09869) - 2022 - 中期财报