Financial Performance - The Group recorded a revenue of approximately HK$1,237,781,000 for the six months ended 30 September 2023, representing an increase of approximately 20.0% from HK$1,031,896,000 for the corresponding period last year[8]. - Gross profit for the same period was approximately HK$446,265,000, with a gross profit margin of approximately 36.1%, compared to HK$364,712,000 and 35.3% respectively for the previous year, indicating a period-on-period increase of approximately 22.4% and 0.8 percentage points[11]. - Profit attributable to owners of the Company during the period amounted to approximately HK$110,636,000, a 34.8% increase from HK$82,049,000 for the six months ended 30 September 2022[21]. - Operating profit increased to HK$137,968,000 from HK$99,747,000, marking a growth of approximately 38.3% year-over-year[184]. - Basic and diluted earnings per share increased to 11.1 HK cents, compared to 8.2 HK cents in the same period last year, representing a growth of approximately 35.4%[184]. Retail Market and Strategy - Revenue from retail stores in Hong Kong, Macau, and Shenzhen accounted for approximately 97.9% of the Group's total revenue during the review period[20]. - The retail market showed signs of recovery, with over 23.3 million visitors to Hong Kong from January to September 2023, nearly doubling compared to the same period last year[9]. - The Group adjusted its product mix to cater to different customer groups, achieving steady growth during the review period[18]. - The Group aims to open a net increase of 15-20 retail stores annually, focusing on a "dual-brand" strategy to cater to different customer segments[40]. - The Group launched a new global wine and food shop "FoodVille" in 2021, which has expanded to 6 shops as of 30 September 2023, up from 3 shops a year earlier[23]. Employee and Operational Metrics - The number of full-time and part-time employees increased to 1,226 as of 30 September 2023, compared to 1,167 a year earlier, with staff costs accounting for approximately 9.1% of revenue, a decrease of 0.3 percentage points from 9.4%[36]. - The number of registered fans and members increased to approximately 2,087,700 as of 30 September 2023, representing an 8.1% growth from approximately 1,931,400 as of 30 September 2022[62][64]. - The number of mobile app members reached approximately 980,000 as of 30 September 2023, reflecting a 20.2% increase from approximately 815,100 in the same period last year[62][64]. Financial Position and Capital Management - Total bank borrowing as of 30 September 2023 was approximately HK$77,619,000, a decrease of 2.2% from approximately HK$79,349,000 as of 31 March 2023[82]. - The Group's cash and bank balances totaled approximately HK$255,561,000 as of 30 September 2023, representing a 75.0% increase from approximately HK$146,047,000 as of 31 March 2023[84]. - The Group's debt-to-equity ratio was approximately 16.2% as of 30 September 2023, down from approximately 16.6% as of 31 March 2023, primarily due to repayment of bank borrowings[85]. - The ratio of rental expense to sales revenue for the Group's retail stores was approximately 9.8% for the six months ended 30 September 2023, down from approximately 10.4% for the same period in 2022, a decrease of 0.6 percentage points[57][59]. Governance and Compliance - The company complied with all applicable code provisions in the Corporate Governance Code during the reporting period[141]. - The interim financial statements were reviewed by the Audit Committee and the external auditor, confirming compliance with applicable accounting standards[198]. - The Company is committed to maintaining high standards of corporate governance and improving accountability and transparency in operations[166]. - The Company has adopted the Model Code for securities transactions by Directors, with all Directors confirming compliance during the reporting period[172]. Dividends and Shareholder Information - The Board recommended an interim dividend of HK8.0 cents per share for the six months ended 30 September 2023, totaling HK$80,000,000[122]. - The company declared an interim dividend of HKD 0.08 per share, totaling HKD 80 million, consistent with the previous year's dividend[150]. - As of September 30, 2023, the company had 130,000,000 shares held by significant shareholders, representing 13.0% of the issued shares[152].
优品360(02360) - 2024 - 中期财报