Financial Performance - For the six months ended September 30, 2023, the group recorded revenue of HKD 491,529,000, an increase of 46.5% compared to the same period in 2022[31] - For the six months ended September 30, 2023, total revenue reached HKD 490,480,000, representing a 70.0% increase compared to HKD 288,000,000 for the same period in 2022[32] - Total revenue for the period ending September 30, 2023, was HKD 491,529,000, representing a 46.5% increase compared to the previous year[55] - Net profit for the six months ending September 30, 2023, was approximately HKD 48,179,000, a 50.1% increase year-over-year[62] - Profit before tax for the six months ended September 30, 2023, was HKD 57,563,000, up 64.5% from HKD 34,930,000 in the previous year[159] - Net profit attributable to owners for the six months ended September 30, 2023, was HKD 47,763,000, an increase of 44.5% compared to HKD 33,077,000 for the same period in 2022[161] - Basic earnings per share for the six months ended September 30, 2023, was HKD 12.6, compared to HKD 8.5 for the same period in 2022, reflecting a 48.2% increase[161] - The company reported a total comprehensive income of HKD 46,983 for the six months ended September 30, 2023, compared to HKD 30,412 in the previous period, reflecting an increase of approximately 54%[185] Customer Engagement and Growth - The total number of customers served across the restaurants reached 1,992,954, an increase of 561,680 customers or 39.2% compared to the six months ended September 30, 2022[30] - The average spending per customer increased from HKD 234.4 in the same period last year to HKD 246.6[30] - The increase in customer visits is attributed to the new restaurants opened and the lifting of previous dining restrictions by the Hong Kong government[30] - The group opened 11 new restaurants during the first half of the 2024 fiscal year, contributing to the increase in customer traffic[25] - The number of restaurants operated by the group increased from 45 to 52 during the reporting period[26] - The company plans to continue expanding its restaurant portfolio to enhance market presence and customer engagement[25] Expenses and Costs - The cost of materials and supplies increased by approximately 33.6%, aligning with revenue growth, while the percentage of materials and supplies to revenue slightly decreased from 29.8% to 27.2%[34] - Property rental and related expenses grew by about 29.8%, primarily due to more restaurants being operational, with the percentage of these expenses to revenue decreasing from 6.0% to 5.3%[35] - Depreciation of property, plant, and equipment increased by approximately 40.8%, while the percentage of depreciation to revenue decreased from 4.1% to 3.9%[36] - Employee costs rose by 36.8% to HKD 142,881,000, while the percentage of employee costs relative to revenue decreased from 31.1% to 29.1%[60] - Other expenses increased by 33.6% to HKD 24,154,000, primarily due to more restaurants being operational[62] Cash and Investments - As of September 30, 2023, cash and cash equivalents amounted to HKD 133,442,000, with no significant foreign exchange risk anticipated in the next 12 months[39] - The company reported a net cash position with no bank borrowings as of September 30, 2023[63][64] - The company has available bank financing of HKD 20,500,000, which supports its future liquidity needs[195] - The company incurred a net cash outflow of HKD 57,028 for the purchase of property, plant, and equipment, compared to HKD 16,078 in the previous period, indicating a significant increase in capital expenditures[175] Dividends and Shareholder Information - The company declared an interim cash dividend of HKD 0.055 per share, totaling approximately HKD 20,828,000, compared to HKD 0.048 per share in 2022[44] - The company has adopted a dividend policy of distributing no less than 50% of the profit attributable to shareholders[45] - The company plans to distribute an interim dividend to shareholders on November 30, 2023[69] Corporate Governance and Compliance - The company has established an audit committee to oversee the financial reporting process and internal control procedures, ensuring compliance with GEM listing rules[178] - The audit committee reviewed the unaudited consolidated financial statements for the six months ended September 30, 2023, and found them compliant with applicable accounting standards and disclosure requirements[153] - The company has complied with the corporate governance code as per GEM Listing Rules Appendix 15 during the six months ended September 30, 2023[151] Share Options and Major Shareholders - The stock option plan allows for a total of 40,000,000 shares to be granted, representing approximately 10.6% of the company's issued share capital[82] - The stock options granted to directors and senior management are subject to approval from independent non-executive directors[81] - The company has a stock option plan in effect since January 17, 2018, with a duration of 10 years[80] - The company’s major shareholders, Mr. Huang and Ms. Chen, hold 68.74% of the equity in IKEAB Limited[72] - As of September 30, 2023, major shareholders Mr. Huang and Ms. Chen each hold 260,302,000 shares, representing approximately 68.74% of the company's equity[95] - IKEAB Limited, owned 70% by Mr. Huang and 30% by Ms. Chen, is considered to have interests in the company's shares[95]
尝高美集团(08371) - 2024 - 中期财报