Financial Performance - For the six months ended September 30, 2023, the turnover was HK$1,346,534,000, an increase of 7.9% compared to HK$1,248,184,000 in the same period of 2022[14]. - Gross profit for the same period was HK$469,996,000, representing a gross margin of approximately 34.9%[14]. - The company reported a loss from operations of HK$8,078,000, a significant decline from a profit of HK$40,885,000 in the prior year[14]. - Loss before tax was HK$53,687,000, compared to a profit of HK$12,560,000 in the previous year[14]. - The loss for the period attributable to owners of the company was HK$58,189,000, compared to a profit of HK$1,919,000 in the same period last year[14]. - Basic and diluted loss per share was HK$23.4 cents, a decrease from earnings of HK$0.8 cents per share in the prior year[14]. - Total comprehensive loss for the period amounted to HK$115,932,000, compared to HK$146,606,000 in the same period of 2022[15]. Assets and Liabilities - As of September 30, 2023, total assets less current liabilities amounted to HK$1,415,560,000, a decrease from HK$1,584,630,000 as of March 31, 2023, representing a decline of approximately 10.67%[17]. - Current assets decreased to HK$2,234,053,000 from HK$2,347,120,000, reflecting a reduction of about 4.8%[17]. - Net current assets were HK$891,519,000, down from HK$1,087,532,000, indicating a decrease of approximately 18.0%[17]. - Non-current assets increased to HK$524,041,000 from HK$497,098,000, showing an increase of about 5.4%[17]. - Cash and cash equivalents decreased to HK$219,826,000 from HK$348,282,000, a reduction of about 36.8%[17]. - Trade payables increased significantly to HK$412,354,000 from HK$328,537,000, reflecting an increase of approximately 25.5%[17]. - Equity attributable to owners of the Company decreased to HK$778,247,000 from HK$894,058,000, a decline of approximately 13.0%[19]. Cash Flow and Investments - Cash generated from operations was HK$23,453,000, a significant improvement from cash used in operations of HK$104,300,000 in the prior year[27]. - Net cash flows used in investing activities amounted to HK$18,745,000, compared to HK$29,019,000 in the previous year, indicating a reduction in cash outflow[29]. - The company experienced a net decrease in cash and cash equivalents of HK$122,831,000, compared to a decrease of HK$88,955,000 in the same period last year[29]. - Interest-bearing bank and other borrowings generated proceeds of HK$64,650,000, while repayments totaled HK$74,169,000, reflecting a net cash outflow from financing activities of HK$111,523,000[29]. Revenue Breakdown - Total segment revenue for the six months ended September 30, 2023, was HK$1,346,534,000, an increase from HK$1,248,184,000 in the same period of 2022, representing a growth of approximately 7.9%[60]. - Retail business revenue reached HK$895,434,000, up from HK$721,251,000 in the previous year, indicating a growth of about 24.1%[60]. - Wholesale business revenue decreased to HK$242,705,000 from HK$275,050,000, reflecting a decline of approximately 11.8%[60]. - E-business revenue was HK$165,560,000, compared to HK$207,120,000 in the prior year, showing a decrease of around 20.0%[60]. - Revenue from Hong Kong and Macau increased to HK$407,508,000 from HK$290,027,000, a growth of approximately 40.5%[64]. - Revenue from Mainland China was HK$870,559,000, a slight decrease from HK$899,640,000, representing a decline of about 3.2%[64]. - Other countries contributed HK$68,467,000 in revenue, up from HK$58,517,000, marking an increase of approximately 16.5%[64]. Operational Challenges and Strategies - The company aims to optimize internal processes and enhance operational management to address market challenges[10]. - The wholesale business faced challenges due to cautious consumer spending in China, impacting franchise network expansion, but the Group aims to improve this as the business environment stabilizes[179]. - The retail business in Malaysia showed encouraging growth, with a focus on gold products driven by an improving local labor market[180]. - The Group plans to expand its store network in Malaysia as suitable opportunities arise to boost sales and brand recognition[178]. Accounting and Compliance - The interim results have been reviewed by the company's audit committee, ensuring accuracy and compliance[12]. - The Group has applied amendments to HKAS 1 since April 1, 2023, requiring disclosure of material accounting policy information, which is expected to impact annual consolidated financial statements[40]. - Amendments to HKAS 8 clarify the distinction between changes in accounting estimates and changes in accounting policies, effective from April 1, 2023, with no impact on the Group's financial position or performance[40]. - The Group has not applied new and revised HKFRSs that have been issued but are not yet effective in this interim financial report[47]. Management and Governance - The interim financial report was approved by the board of directors on 22 November 2023[159]. - Key management personnel compensation for the six months ended September 30, 2023, was HK$4,579,000, slightly up from HK$4,532,000 in the same period of 2022[144]. - The remuneration for Mr. Tommy Tse and Mr. Tse Senior during the reporting period was HK$1,209,000 and HK$753,000, respectively[140].
谢瑞麟(00417) - 2024 - 中期财报