Financial Performance - The group's revenue for the six months ended September 30, 2023, was approximately HKD 23.5 million, an increase of about 12.4% compared to the same period in 2022[8]. - The loss attributable to owners of the company for the six months ended September 30, 2023, was approximately HKD 3.8 million, a decrease of about 28.3% compared to the same period in 2022[8]. - The total comprehensive loss for the six months ended September 30, 2023, was HKD 3.6 million, down from HKD 5.3 million in the same period in 2022[9]. - The company reported a basic loss per share of HKD 6.83 for the six months ended September 30, 2023, compared to HKD 10.14 for the same period in 2022[9]. - The company recorded a loss attributable to owners of approximately HKD 3.8 million for the six months ended September 30, 2023, a decrease from approximately HKD 5.3 million for the same period in 2022[58]. - The company reported a pre-tax loss of HKD 3,754,000 for the six months ended September 30, 2023, compared to a loss of HKD 5,269,000 in the same period of 2022, representing a 29% improvement[36]. Revenue Breakdown - Revenue from restaurant operations in Hong Kong was HKD 21,581,000 for the six months ended September 30, 2023, up 9.1% from HKD 19,773,000 in the previous year[25]. - The group’s revenue from franchise sales of food and related products was HKD 1,286,000 for the six months ended September 30, 2023, an increase of 59.2% from HKD 806,000 in the previous year[25]. - Revenue increased by approximately 12.4% from about HKD 20.9 million for the six months ended September 30, 2022, to about HKD 23.5 million for the six months ended September 30, 2023[47]. Expenses and Costs - The cost of goods sold for the six months ended September 30, 2023, was HKD 6.4 million, compared to HKD 5.0 million for the same period in 2022[9]. - Employee costs for the six months ended September 30, 2023, were HKD 10.1 million, a slight decrease from HKD 10.4 million in the same period in 2022[9]. - Other expenses decreased by approximately 24.7% from about HKD 7.3 million to about HKD 5.5 million, mainly due to cost control measures implemented by the company[54]. - Depreciation expenses for property and equipment totaled HKD 3,591,000 for the six months ended September 30, 2023, compared to HKD 1,304,000 in 2022, reflecting a significant increase of approximately 176%[36]. - Inventory costs rose by approximately 28.0% from about HKD 5.0 million to about HKD 6.4 million, with cost of goods sold representing about 27.2% of total revenue for the six months ended September 30, 2023[48]. Assets and Liabilities - Total assets less current liabilities as of September 30, 2023, was HKD 5.2 million, down from HKD 9.8 million as of March 31, 2023[11]. - Current liabilities increased to HKD 22.1 million as of September 30, 2023, compared to HKD 19.3 million as of March 31, 2023[11]. - The company's equity attributable to owners decreased to HKD 69,000 as of September 30, 2023, from HKD 3.8 million as of March 31, 2023[11]. - The company faced a current liability exceeding current assets by approximately HKD 9.9 million as of September 30, 2023[19]. - Total liabilities exceeded total assets by approximately HKD 1.9 million as of September 30, 2023[19]. - Trade and other receivables totaled HKD 7,472,000 as of September 30, 2023, down from HKD 8,073,000 as of March 31, 2023, indicating a decrease of about 7.4%[39]. - Trade payables and accrued expenses amounted to HKD 1,303,000 as of September 30, 2023, compared to HKD 1,136,000 as of March 31, 2023, showing an increase of approximately 14.7%[40]. Cash Flow and Financing - The cash and cash equivalents decreased by HKD 979,000, from HKD 6,594,000 at the beginning of the period to HKD 5,650,000 at the end[14]. - The net cash generated from operating activities was HKD 1,532,000, a decrease from HKD 2,211,000 in the same period last year[14]. - The company incurred a net cash outflow from financing activities of HKD 2,341,000, compared to HKD 4,958,000 in the previous year[14]. - The company’s cash flow from investing activities showed a net outflow of HKD 170,000, an improvement from HKD 490,000 in the previous year[14]. - The group raised approximately HKD 27.5 million through a rights issue, issuing 137,500,000 shares at a subscription price of HKD 0.2 per share[22]. Corporate Governance - The company has established an audit committee to review financial data and internal control procedures, ensuring compliance with applicable accounting standards[86]. - The company emphasizes good corporate governance practices to enhance shareholder value and effective management[84]. - The board of directors confirmed compliance with the GEM listing rules regarding securities trading standards during the reporting period[83]. - The company deviated from the corporate governance code by having the same individual serve as both Chairman and CEO since February 1, 2022, which the board believes is in the company's best interest[84]. - The audit committee consists of independent non-executive directors, ensuring adequate checks and balances within the board[86]. Future Plans - The company plans to open new restaurants in 2024, expanding its restaurant network in Hong Kong to create new revenue streams[59]. - The company aims to enhance operational efficiency and profitability by seizing potential opportunities in the market[59]. - The company will actively seek potential business opportunities or partnerships to expand revenue sources and improve shareholder returns[61].
赏之味(08096) - 2024 - 中期财报