Financial Performance - For the nine months ended September 30, 2022, the company reported revenue of HKD 3,081,863,000, an increase from HKD 2,858,556,000 in the same period of 2021, representing a growth of approximately 7.8%[4] - Gross profit for the same period was HKD 973,462,000, compared to HKD 899,392,000 in 2021, reflecting a year-over-year increase of about 8.2%[4] - The company achieved a profit before tax of HKD 354,264,000, up from HKD 309,494,000 in the previous year, indicating a growth of approximately 14.5%[4] - Net profit for the period was HKD 264,596,000, slightly up from HKD 257,861,000 in 2021, marking an increase of about 2.7%[4] - Basic earnings per share increased to HKD 22.73 from HKD 21.59, representing a growth of approximately 5.3%[4] - The profit attributable to the company's owners was HKD 237.3 million, compared to HKD 231.4 million in the same period of 2021[16] Assets and Liabilities - As of September 30, 2022, total assets amounted to HKD 2,819,993,000, down from HKD 3,108,899,000 at the end of 2021[5] - Current liabilities decreased to HKD 932,482,000 from HKD 1,060,434,000 in the previous year, showing a reduction of approximately 12.1%[6] - The company's cash and cash equivalents were HKD 1,594,695,000, down from HKD 1,790,954,000, indicating a decrease of about 10.9%[5] - Non-current assets totaled HKD 2,023,557,000, a decrease from HKD 2,150,670,000 in 2021, reflecting a decline of approximately 5.9%[5] - The company’s total equity decreased to HKD 3,835,668,000 from HKD 4,116,261,000, representing a decline of about 6.8%[6] Revenue Breakdown - Revenue from the Hong Kong business grew by 11.6%, driven by strong demand for instant noodles and frozen foods, along with price adjustments[12] - Revenue from the mainland China business increased by 5.7% (7.5% in local currency), impacted by the depreciation of the Renminbi against the Hong Kong Dollar[12] - The company reported a segment revenue of HKD 1,306.9 million from Hong Kong and HKD 2,089.9 million from mainland China for the nine months ended September 30, 2022[13] Sales and Market Expansion - For the six months ended September 30, 2022, total sales reached ¥34,482 million, a 28.8% increase compared to ¥26,763 million for the same period in 2021[19] - Operating income for the same period was ¥3,897 million, reflecting a significant increase of 66.1% from ¥2,346 million in the previous year[19] - Revenue from the China segment was reported at ¥33,330 million, up 28.8% year-over-year, driven by increased sales volume despite price adjustments[20] - Core operating profit in China rose to ¥3,382 million, marking a 39.7% increase compared to the previous year[20] - The company is actively expanding its sales regions and strengthening its brand presence in the high-value noodle market in China[20] Financial Reporting and Risks - The financial results are prepared in accordance with International Financial Reporting Standards, and the fiscal year ends on March 31 for the company[18] - The company cautioned that forward-looking statements may be subject to significant risks and uncertainties that could impact expected performance[20] - The company emphasizes the importance of careful consideration by shareholders and potential investors regarding the quarterly disclosures[21] Dividend Policy - The company did not recommend any dividend payment for the current period, consistent with the previous period[11] Price Adjustments - The company implemented price adjustments in both Hong Kong and mainland China to offset significant increases in raw material prices[15]
日清食品(01475) - 2022 Q3 - 季度财报