Financial Performance - For the three months ended March 31, 2023, the company reported revenue of HKD 1,024,396 thousand, a decrease of 3.5% from HKD 1,061,805 thousand in the same period of 2022[4] - Gross profit for the same period was HKD 362,100 thousand, representing an increase of 8.7% compared to HKD 332,840 thousand in the previous year[4] - The company achieved a profit before tax of HKD 149,815 thousand, up 11.9% from HKD 133,810 thousand in the prior year[4] - Net profit for the period was HKD 111,467 thousand, an increase of 9.8% from HKD 102,229 thousand in the same period last year[4] - Basic and diluted earnings per share were HKD 10.59, compared to HKD 8.7 in the previous year, reflecting a growth of 21.6%[4] - Profit attributable to the company's owners for the period was HKD 110.5 million, compared to HKD 90.3 million in the same period of 2022[15] Assets and Liabilities - Total assets as of March 31, 2023, were HKD 3,783,269 thousand, an increase from HKD 3,617,877 thousand as of December 31, 2022[6] - The company's cash and cash equivalents amounted to HKD 1,351,460 thousand, up from HKD 1,249,460 thousand at the end of 2022[5] - Current liabilities decreased to HKD 864,376 thousand from HKD 917,233 thousand in the previous period[6] - The company's equity attributable to owners increased to HKD 3,678,080 thousand from HKD 3,518,930 thousand year-over-year[6] Revenue Sources - Revenue from Hong Kong operations decreased by 2.7%, while revenue from mainland China decreased by 4.0% (an increase of 3.3% in local currency) due to the depreciation of the Renminbi against the Hong Kong dollar[11] - The company's operating performance in Hong Kong generated segment revenue of HKD 348.4 million, while mainland China generated HKD 676.0 million[12] Cost Management - The company implemented price adjustments and benefited from a decrease in raw material costs, contributing to the improved gross margin[14] - The company reported a segment profit of HKD 31.6 million from Hong Kong and HKD 111.5 million from mainland China, totaling HKD 143.1 million[12] Future Outlook - The company plans to continue focusing on market expansion and product development to drive future growth[3] - The company is actively expanding its sales regions and strengthening its brand presence in the high-value noodle market in China[18] - Forward-looking financial forecasts and management objectives are included in the annual disclosure, subject to significant risks and uncertainties[18] - Shareholders and potential investors are advised to exercise caution and not overly rely on the forward-looking statements provided in the annual disclosure[18] Fiscal Year Performance - For the fiscal year ending March 31, 2023, total sales amounted to ¥68,905 million, a 20.3% increase from ¥57,255 million in the previous year[17] - Sales to third parties reached ¥66,128 million, reflecting a 19.2% year-over-year growth from ¥55,478 million[18] - Operating profit increased to ¥8,421 million, up 39.4% from ¥6,039 million in the prior fiscal year[17] - Core operating profit for the China segment was ¥7,836 million, representing a 27.5% increase compared to the previous year[18] - The appreciation of the local currency against the yen positively impacted sales and profits[18] - Excluding currency effects, revenue in the China segment was ¥57,402 million, a 3.5% increase year-over-year[18]
日清食品(01475) - 2023 Q1 - 季度业绩