Financial Performance - For the three months ended March 31, 2022, the company reported revenue of HKD 1,061,805,000, an increase of 10.1% from HKD 964,475,000 in the same period of 2021[4] - Gross profit for the same period was HKD 332,840,000, compared to HKD 309,946,000 in the previous year, reflecting a growth of 7.4%[4] - The net profit for the three months ended March 31, 2022, was HKD 102,229,000, a decrease of 2.1% from HKD 104,435,000 in the same period of 2021[4] - Revenue from the Hong Kong business grew by 6.6%, while revenue from the China business increased by 11.9% (8.6% in local currency) due to rising demand for instant noodles[12] - The profit attributable to the company's owners was HKD 90.3 million, compared to HKD 93.2 million in the same period last year[16] - For the fiscal year ending March 31, 2022, total sales amounted to ¥57,255 million, representing a 15.4% increase from ¥49,323 million in the previous fiscal year[18] - Sales to third parties reached ¥55,478 million, up 15.2% from ¥48,177 million year-over-year[18] - Operating income was reported at ¥6,039 million, reflecting a 4.8% increase compared to ¥5,763 million in the prior year[18] Earnings and Shareholder Information - Basic and diluted earnings per share remained stable at HKD 8.7 for both periods[4] - The basic and diluted earnings per share for the three months ended March 31, 2022, were based on a weighted average of 1,044,205,871 shares[10] - The company did not recommend any dividend payment for the current period, consistent with the previous period[11] - The company's controlling shareholder, Nissin Foods Holdings Co., Ltd., held approximately 72.05% of the issued shares as of the announcement date[2] Assets and Liabilities - Total assets as of March 31, 2022, were HKD 4,255,593,000, compared to HKD 4,199,135,000 as of December 31, 2021, indicating a growth of 1.3%[6] - The company's cash and cash equivalents stood at HKD 1,812,230,000, slightly up from HKD 1,790,954,000 at the end of 2021[5] - Trade receivables increased to HKD 555,666,000 from HKD 475,382,000, representing a growth of 16.8%[5] - The company’s total liabilities decreased to HKD 1,039,494,000 from HKD 1,060,434,000, a reduction of 2.0%[6] - The company’s non-current assets totaled HKD 2,165,277,000, up from HKD 2,150,670,000, reflecting a growth of 0.7%[5] Market and Strategic Initiatives - The company faced increased production costs due to rising raw material prices, impacting the gross margin[15] - The company is focused on expanding its market presence and enhancing product offerings in response to growing consumer demand[12] - The financial performance reflects the company's strategic initiatives to adapt to market trends and consumer preferences[12] - The company is actively expanding its sales regions and strengthening its brand presence in the high-value noodle market in China[19] - The company experienced a rise in sales volume for its "Hao Wei Dao" brand in mainland China, contributing to overall revenue growth despite rising raw material costs[19] Risks and Reporting Standards - The company emphasizes that forward-looking statements regarding financial performance may be subject to significant risks and uncertainties[19] - The financial results are prepared in accordance with International Financial Reporting Standards, and the fiscal year-end dates differ from the group's fiscal year[18] - Shareholders and potential investors are advised to exercise caution and not overly rely on the annual disclosure content when trading the company's securities[20]
日清食品(01475) - 2022 Q1 - 季度财报