HK FOOD INV(00060)

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香港食品投资(00060) - 2023 - 中期财报
2022-12-29 08:34
Financial Performance - Revenue for the six months ended 30 September 2022 was HK$113,536,000, an increase of 21.5% compared to HK$93,461,000 for the same period in 2021[5] - Gross profit for the period was HK$22,839,000, representing a gross margin of 20.1%, up from HK$17,110,000 in the previous year[5] - Profit before tax was HK$10,544,000, compared to a loss of HK$768,000 in the same period last year, indicating a significant turnaround[5] - Net profit for the period was HK$10,455,000, compared to a loss of HK$1,112,000 in the previous year, marking a substantial improvement[8] - Earnings per share attributable to ordinary equity holders was HK$3.63, compared to a loss per share of HK$0.75 in the prior year[5] - The company reported a profit for the period of HK$9,415,000 for the six months ending 30 September 2022, compared to a loss of HK$1,948,000 in the previous period[19] Assets and Liabilities - Total non-current assets as of 30 September 2022 were HK$492,137,000, a decrease from HK$508,938,000 as of 31 March 2022[11] - Current assets totaled HK$156,889,000, down from HK$176,308,000 as of 31 March 2022, primarily due to a decrease in inventories[11] - Cash and cash equivalents were HK$84,674,000, a decrease from HK$92,452,000 as of 31 March 2022[11] - As of 30 September 2022, total non-current liabilities decreased to HK$13,520,000 from HK$18,938,000 as of 31 March 2022, representing a reduction of approximately 28.5%[13] - Net assets as of 30 September 2022 were HK$577,921,000, down from HK$604,969,000 as of 31 March 2022, indicating a decline of about 4.5%[13] - Total equity attributable to equity holders decreased to HK$570,630,000 as of 30 September 2022 from HK$598,718,000 as of 31 March 2022, a decrease of approximately 4.7%[19] Cash Flow and Financing - Net cash flows from operating activities were HK$16,937,000, a recovery from a cash outflow of HK$18,243,000 in the previous year[23] - Cash and cash equivalents at the end of the period were HK$84,674,000, down from HK$136,937,000 in the previous year, indicating a decrease of approximately 38%[23] - New bank and trust receipt loans amounted to HK$40,587,000, while repayments totaled HK$50,424,000, reflecting a net cash outflow from financing activities of HK$14,433,000[23] - The Group's investing activities resulted in a net cash outflow of HK$9,827,000, compared to a much smaller outflow of HK$315,000 in the prior year[23] Segment Performance - The Group operates in three segments: trading of frozen meats, seafood, and vegetables; restaurant operations; and marketing of meat products[44] - Segment revenue for external customers reached HK$113,536,000, with trading contributing HK$81,943,000, catering HK$29,851,000, and others HK$1,742,000[49] - The segment results showed a loss before tax of HK$2,026,000, with trading and catering segments reporting losses of HK$2,317,000 and HK$451,000 respectively[49] Shareholder Information - Director Tai Tak Fung holds 90,739,177 shares, representing approximately 34.95% of the company's total issued shares[162] - Careful Guide Limited holds 30,914,000 shares, approximately 11.91% of the company's total issued shares[162] - Special Access Limited holds 52,907,250 shares, approximately 20.38% of the company's total issued shares[162] - The total interests of Tai Tak Fung in the associated corporation FSMHL include 70,000,000 shares (18.22%), 74,250,000 shares (19.32%), and 115,228,000 shares (29.98%)[164] Corporate Governance - The Company is committed to good corporate governance, emphasizing transparency, accountability, and independence, and has complied with the Corporate Governance Code during the review period[192] - The Audit Committee, comprising three independent non-executive directors, reviewed the unaudited condensed consolidated interim financial statements for the six months ended 30 September 2022[200] - All directors confirmed compliance with the Model Code for Securities Transactions throughout the six months ended 30 September 2022[193] Strategic Initiatives - The company aims to enhance its market position through strategic initiatives, including potential market expansion and new product development[18] - The Group is adopting a prudent purchase strategy on traditional frozen meats while optimizing its product mix to achieve higher gross profit margins[131] - The Group aims to explore new potential customers, particularly in the supermarket and restaurant categories, to achieve sales growth and higher gross profit margins[132]
香港食品投资(00060) - 2022 - 年度财报
2022-07-28 11:57
Hong Kong Food Investment Holdings Limited 香 港 食 品 投 資 控 股 有 限 公 司 swtcate删除:@ P .. . 1 Contents 目錄 Corporate Information 公司資料 2-3 Chairman's Statement 主席報告 4-8 Management Discussion and Analysis 管理層討論及分析 9-14 Report of the Directors 董事會報告 15-30 Corporate Governance Report 企業管治報告 31-45 Independent Auditor's Report 獨立核數師報告 46-50 Audited Financial Statements 經審核財務報告 Consolidated Statement of Profit or Loss 綜合損益表 51 Consolidated Statement of Comprehensive Income 綜合全面收益表 52 Consolidated Statement of Financial P ...
香港食品投资(00060) - 2022 - 中期财报
2021-12-29 08:34
Hong Kong Food Investment Holdings Limited 香 港 食 品 投 資 控 股 有 限 公 司 swtcate™ INTERIM REPORT 2021-22 中期報告 The board of directors (the "Board") of Hong Kong Food Investment Holdings Limited (the "Company") presents the unaudited condensed consolidated statement of financial position as at 30 September 2021 of the Company and its subsidiaries (collectively referred to as the "Group") and the unaudited condensed consolidated statement of profit or loss, unaudited condensed consolidated statement of comprehensive ...
香港食品投资(00060) - 2021 - 年度财报
2021-07-29 11:11
Hong Kong Food Investment Holdings Limited 香 港 食 品 投 資 控 股 有 限 公 司 swtcate™ ANNUAL REPORT 2021 年 報 Contents 目錄 1 Corporate Information 公司資料 2-3 Chairman's Statement 主席報告 4-7 Management Discussion and Analysis 管理層討論及分析 8-13 Report of the Directors 董事會報告 14-29 Corporate Governance Report 企業管治報告 30-44 Independent Auditor's Report 獨立核數師報告 45-49 Audited Financial Statements 經審核財務報告 Consolidated Statement of Profit or Loss 綜合損益表 50 Consolidated Statement of Comprehensive Income 綜合全面收益表 51 Consolidated Statement o ...
香港食品投资(00060) - 2021 - 中期财报
2020-12-18 08:34
Hong Kong Food Investment Holdings Limited alling Interim Report 2020-21 中期報告 The board of directors (the "Board") of Hong Kong Food Investment Holdings Limited (the "Company") presents the unaudited condensed consolidated statement of financial position as at 30 September 2020 of the Company and its subsidiaries (collectively referred to as the "Group") and the unaudited condensed consolidated statement of profit or loss, unaudited condensed consolidated statement of comprehensive income, unaudited condens ...
香港食品投资(00060) - 2020 - 年度财报
2020-07-27 09:05
Hong Kong Food Investment Holdings Limited all Re Annual Report 2020 年報 Contents 目錄 Corporate Information 公司資料 2-3 Chairman's Statement 主席報告 4-7 Management Discussion and Analysis 管理層討論及分析 8-11 Report of the Directors 董事會報告 12-27 Environmental, Social and Governance Report 環境、社會及管治報告 28-36 Corporate Governance Report 企業管治報告 37-50 Independent Auditor's Report 獨立核數師報告 51-56 Audited Financial Statements 經審核財務報告 Consolidated Statement of Profit or Loss 綜合損益表 57 Consolidated Statement of Comprehensive Income 綜合全 ...
香港食品投资(00060) - 2020 - 中期财报
2019-12-27 08:32
SIF H Hong Kong Food Investment Holdings Limited A lnterim Report 2019−20 中 期 報 告 The board of directors (the "Board") of Hong Kong Food Investment Holdings Limited (the "Company") presents the unaudited condensed consolidated statement of financial position as at 30 September 2019 of the Company and its subsidiaries (collectively referred to as the "Group") and the unaudited condensed consolidated statement of profit or loss, unaudited condensed consolidated statement of comprehensive income, unaudited con ...
香港食品投资(00060) - 2019 - 年度财报
2019-07-25 09:43
EST FIFT Hong Kong Food Investment Holdings Limited 4A Annual Report 2019 年報 Contents 目錄 1 | --- | --- | |-------------------------------------------------------------------|-------| | | | | Corporate Information 公司資料 2-3 | | | Chairman's Statement 主席報告 4-6 | | | Management Discussion and Analysis 管理層討論及分析 7-10 | | | Report of the Directors 董事會報告 11-26 | | | Environmental, Social and Governance Report 環境、社會及管治報告 | 27-34 | | Corporate Governance Report 企業管治報告 35-47 | | | Independent Auditor's Report 獨立核數師報告 ...