Financial Performance - Total revenue for the six months ended March 31, 2025, decreased by 2.2% to approximately HKD 492.2 million compared to HKD 503.4 million for the same period last year[6]. - Net profit increased from HKD 40.1 million to HKD 55.5 million year-on-year[6]. - Gross profit margin improved from 90.2% to 92.0%, driven by an increase in the proportion of beauty services to total sales, which rose to 87.8%[7]. - Revenue for the six months ended March 31, 2025, was HKD 492,241,000, a decrease of 2.4% from HKD 503,434,000 in the same period of 2024[45]. - Profit before tax increased to HKD 71,235,000, up 33.2% from HKD 53,455,000 year-on-year[32]. - Net profit for the period was HKD 55,485,000, representing a 38.3% increase compared to HKD 40,067,000 in the previous year[32]. - Total comprehensive income for the period was HKD 53,123,000, compared to HKD 40,223,000 in the prior year, marking a 32.1% increase[33]. - Basic and diluted earnings per share rose to HKD 0.082, up from HKD 0.059, reflecting a 39.0% increase[32]. Revenue Breakdown - Revenue from skincare product sales was HKD 59,939,000, down 25.3% from HKD 80,182,000 in the previous year[46]. - Revenue from service offerings increased to HKD 432,302,000, up 2.5% from HKD 423,252,000 in the prior year[46]. - Revenue from Hong Kong and Macau was HKD 462,647,000, a slight decrease of 1.3% from HKD 468,266,000 in 2024[50]. - Revenue from mainland China decreased to HKD 29,594,000, down 16.0% from HKD 35,168,000 in the previous year[50]. Operating Expenses and Costs - Total operating expenses for the six months ended March 31, 2025, were HKD 89,298,000, an increase of 6.0% from HKD 83,822,000 in 2024[52]. - The current tax expense for the period was HKD 14,940,000, an increase of 6.6% from HKD 14,018,000 in the previous year[54]. - Deferred tax expense for the period was HKD 810,000, compared to a deferred tax benefit of HKD 630,000 in the prior year[54]. - The company closed several stores, resulting in a reduction of total employees from 1,011 to 903, while employee costs as a percentage of revenue increased from 45.6% to 46.2%[9]. - Rental costs as a percentage of revenue significantly decreased from 16.1% to 14.4% due to strategic store closures and lower rental rates in a weak retail market[9]. - Advertising expenses as a percentage of revenue rose from 2.1% to 2.6%, reflecting significant investment in new advertising campaigns to attract new customers[9]. Cash and Financial Position - Cash on hand as of March 31, 2025, was approximately HKD 632.5 million[6]. - The group's cash and bank deposits amounted to approximately HKD 632,500,000 as of March 31, 2025, compared to HKD 485,200,000 as of September 30, 2024, indicating a significant increase[15]. - The capital debt ratio remained at zero as of March 31, 2025, consistent with the previous year, reflecting a strong financial position[17]. - The group has no significant contingent liabilities as of March 31, 2025, suggesting a low risk profile[18]. - The company reported a net increase in cash and cash equivalents of HKD 149,780,000, compared to HKD 124,087,000 in the same period last year[38]. - The company’s total liabilities decreased from HKD 2,045,000 as of September 30, 2024, to HKD 1,438,000 as of March 31, 2025, indicating improved financial health[66]. Investments and Commitments - The group plans to continue investing in the latest beauty equipment to maintain its market leadership and enhance service quality[13]. - The group has capital commitments of approximately HKD 700,000 for property and equipment acquisitions as of March 31, 2025[19]. - The capital expenditure for property and equipment for the six months ended March 31, 2025, was approximately HKD 4,405,000, a decrease from HKD 11,670,000 for the same period in 2024[64]. - The company has committed capital expenditures of HKD 693,000 for property and equipment as of March 31, 2025, down from HKD 3,858,000 as of September 30, 2024[68]. Governance and Compliance - The audit committee reviewed the unaudited consolidated results for the six months ending March 31, 2025, and discussed financial reporting matters with independent auditors[75]. - The company has established various committees, including the remuneration committee and investment advisory committee, to enhance governance and investment decision-making[76][77]. - The company has complied with the corporate governance code during the review period[89]. - All directors confirmed compliance with the standard code regarding securities transactions during the review period[90]. - The company has established a disclosure committee to ensure timely disclosure of inside information as per the Securities and Futures Ordinance[79]. Shareholding and Dividends - The company declared an interim dividend of HKD 0.035 per share, consistent with the previous year[6]. - The company declared an interim dividend of HKD 0.035 per share for the six months ending March 31, 2025, with payment scheduled for June 18, 2025[74]. - Major shareholder Yu Lisi holds 166,113,760 shares, representing approximately 24.41% of the issued share capital[85]. - Tianjun Limited, a registered owner, holds 155,333,760 shares, accounting for about 22.82% of the issued share capital[85]. - Billion Well Holdings Limited, another registered owner, possesses 67,794,880 shares, which is 9.96% of the issued share capital[85]. - Li Yanling has a controlled company interest in 99,885,760 shares, equating to 14.68% of the issued share capital[85]. - The executive director Yu Lizhu holds a total of 182,665,760 shares, which includes personal and controlled company interests, accounting for approximately 26.84% of the issued share capital[80]. - As of March 31, 2025, the total shareholding of the executive director Yu Jinshui is 10,166,000 shares, representing approximately 1.49% of the issued share capital[80]. Operational Stability - The company has no major acquisitions or disposals of subsidiaries during the review period, indicating a stable operational strategy[22]. - The company has not reported any major post-reporting period events, indicating stability in operations[72]. - The company has not engaged in any purchase or sale of its listed securities during the review period[88]. - The company did not repurchase any listed shares during the review period and holds no treasury shares as of March 31, 2025[88]. - The company’s independent non-executive directors are involved in various committees to ensure compliance and governance standards are met[75][78][79].

Financial Performance - Total revenue for the six months ended March 31, 2025, decreased by 2.2% to approximately HKD 492,200,000 compared to HKD 503,400,000 for the same period last year[4] - Net profit rose from HKD 40,100,000 to HKD 55,500,000 compared to the same period last year[4] - Total revenue for the six months ended March 31, 2025, was HKD 492,241,000, a decrease from HKD 503,434,000 in the same period of 2024, representing a decline of approximately 2.4%[19] - Revenue from the product segment (skincare sales) was HKD 70,710,000 for the six months ended March 31, 2025, compared to HKD 92,810,000 in 2024, indicating a decrease of about 24%[20] - Revenue from the service segment (providing beauty treatment services) was HKD 432,302,000 for the six months ended March 31, 2025, up from HKD 423,252,000 in 2024, reflecting an increase of approximately 2.5%[20] - The group’s operating profit before tax for the six months ended March 31, 2025, was HKD 71,235,000, compared to HKD 53,455,000 in the same period of 2024, showing an increase of approximately 33.2%[20] Profitability Metrics - Gross profit margin increased from 90.2% to 92.0%, with beauty services accounting for 87.8% of total sales, up from 84.1% last year[4] - Basic earnings per share increased to HKD 8.2 cents from HKD 5.9 cents, showing a growth of approximately 39.0%[12] - Total comprehensive income for the period was HKD 53,123,000, compared to HKD 40,223,000 in the previous period, marking an increase of approximately 32.2%[13] - The company reported other income of HKD 10,361,000, up from HKD 8,115,000, indicating a growth of approximately 27.7%[12] Cash and Liquidity - The group maintained a cash balance of approximately HKD 632,500,000 as of March 31, 2025[4] - The company's cash and cash equivalents increased to HKD 632,545,000 from HKD 485,156,000, representing a growth of about 30.4%[14] - The capital debt ratio remains at zero as of March 31, 2025, indicating no outstanding loans[49] - The company maintained a prudent financial management strategy, ensuring a healthy liquidity position throughout the review period[55] Dividend Policy - The interim dividend for the six months ended March 31, 2025, is proposed at HKD 0.035 per share, consistent with the previous year[4] - The board declared an interim dividend of HKD 0.035 per share for the six months ended March 31, 2025[34] - Total interim dividend payable for the year ended September 30, 2024, was approximately 13,611,000 HKD, compared to 47,639,000 HKD for the year ended September 30, 2023[29] Market Outlook and Strategy - The group expects the current market environment to remain weak in the foreseeable future but remains confident in achieving strong performance in the next six months[11] - The company plans to focus on market expansion and new product development in the upcoming quarters[12] - The group anticipates a challenging economic environment in Hong Kong, affecting consumer discretionary spending and overall market conditions[43] - The company plans to continue its prudent dividend policy, emphasizing cash liquidity to ensure stability and flexibility for future opportunities[11] Operational Insights - The group operates 53 beauty centers in Hong Kong, including various brands and services, reflecting stable performance despite macroeconomic challenges[8] - The group operates in Hong Kong, Macau, and mainland China, indicating a diversified geographical presence[22] - The group has reduced retail exposure of product brands, focusing on high-margin beauty services, resulting in a decline in product sales due to a weak retail market[42] Cost Management - Employee costs were reported at HKD 227,323,000, slightly down from HKD 229,672,000, reflecting cost management efforts[12] - Rental costs as a percentage of revenue significantly decreased from 16.1% to 14.4% due to strategic store closures and lower rental levels in a weak retail market[38] - Employee count reduced from 1,011 to 903, with employee costs as a percentage of revenue slightly increasing from 45.6% to 46.2%[39] Taxation - The current tax expense for the period was HKD 14,940,000, compared to HKD 14,018,000 in the previous year, indicating an increase of about 6.5%[24] - Deferred tax expense was HKD 810,000 for the period, compared to a benefit of HKD (630,000) in the previous year[24] - The tax rate for profits exceeding 2,000,000 HKD is 16.5%, while profits up to that amount are taxed at 8.25%[25] - The corporate income tax rate in China is set at 25% for the year 2024[25] Governance and Compliance - The company complied with the corporate governance code during the review period[63] - All directors confirmed adherence to the standards for securities trading during the review period[64] - The audit committee reviewed the accounting principles and practices adopted by the group for the six months ending March 31, 2025[61]

Financial Performance - For the fiscal year ending September 30, 2024, the group's revenue increased by approximately 0.7% to about HKD 983,200,000, primarily driven by the beauty services business [3]. - The group reported a net profit of HKD 68,100,000, a decrease of 38.2% compared to the previous fiscal year [5]. - The total comprehensive income for the year was HKD 70,136,000, compared to HKD 109,580,000 last year, indicating a decline of 36.0% [11]. - Basic and diluted earnings per share were both HKD 0.10, down from HKD 0.162 in the previous year, representing a decrease of 38.3% [11]. - The company's profit for the fiscal year 2024 is projected to be HKD 68,285,000, a decrease from HKD 110,320,000 in fiscal year 2023 [38]. Revenue Breakdown - The company's revenue for the year ending September 30, 2024, was HKD 983,215,000, an increase of 0.7% compared to HKD 976,572,000 for the previous year [9]. - Skincare product sales for 2024 were HKD 130,071,000, down from HKD 152,815,000 in 2023, indicating a decline of about 15% [26]. - The service segment, which includes beauty treatments and medical services, generated revenue of HKD 853,144,000 in 2024, compared to HKD 823,757,000 in 2023, reflecting an increase of approximately 3.8% [26]. - Revenue from Hong Kong and Macau was HKD 922,614,000 in 2024, compared to HKD 904,363,000 in 2023, marking an increase of approximately 2.4% [31]. - Revenue from mainland China decreased to HKD 60,601,000 in 2024 from HKD 72,209,000 in 2023, a decline of about 16.1% [31]. Profitability and Costs - The group's gross profit margin improved from 90.2% to 91.6% year-on-year, attributed to strong performance in major beauty service brands [3]. - The gross profit margin decreased, with cost of goods sold at HKD 83,022,000 compared to HKD 95,653,000 last year, reflecting a reduction in inventory purchases [9]. - The operating profit for the overall business in 2024 was HKD 231,430,000, slightly up from HKD 229,760,000 in 2023, showing a marginal growth of about 0.7% [26]. - The total financing costs for 2024 were HKD 9,174,000, slightly higher than HKD 9,032,000 in 2023, representing an increase of about 1.6% [31]. Dividends and Shareholder Returns - The group recommends a final dividend of HKD 0.02 per share [5]. - The interim dividend declared is HKD 3.5 cents per share for fiscal year 2024, down from HKD 7.0 cents per share in fiscal year 2023, totaling approximately HKD 23,819,000 [40]. - The total amount of dividends paid as of September 30, 2024, is approximately HKD 71,458,000, compared to HKD 98,680,000 in fiscal year 2023 [41]. - The board proposed a final dividend of HKD 0.02 per share for the year ending September 30, 2024, subject to approval at the upcoming annual general meeting [73]. Operational Insights - The group operates a total of 51 beauty service outlets in Hong Kong, 2 in Macau, and 3 in mainland China [5]. - The number of employees has decreased from 1,073 to 914 following the closure of some stores [49]. - The group continues to streamline and adjust retail brand outlets, resulting in a decrease in the number of operational outlets by year-end [62]. - The group launched several new products and treatments, including the "Poland Royal" biotechnology treatment and various body sculpting therapies, contributing to stable performance [54]. Financial Position - The company's total assets decreased to HKD 620,073,000 from HKD 796,604,000, a decline of 22.1% year-over-year [13]. - Cash and cash equivalents increased significantly to HKD 485,156,000 from HKD 271,764,000, showing a growth of 78.5% [13]. - The company's total liabilities increased to HKD 830,732,000 from HKD 735,448,000, reflecting a rise of 12.9% [15]. - The capital debt ratio as of September 30, 2024, remains at zero, consistent with the previous year [67]. Market and Strategic Focus - The group plans to maintain a proactive approach and focus on providing high-quality beauty services and products, while continuing to invest in the latest beauty equipment and technology [7]. - The group aims to further reduce risks associated with the current market situation and closely monitor profitability and new customer trends [7]. - The group is satisfied with its performance over the past twelve months but acknowledges ongoing severe challenges in the Hong Kong market, with no assurance of maintaining good performance in the coming months [63]. - The group remains committed to maintaining a debt-free financial position, thus avoiding the burden of high-interest costs from previous years [63]. Accounting and Compliance - The group has adopted new accounting standards and amendments issued by the Hong Kong Institute of Certified Public Accountants, which did not have a significant impact on the financial position and performance for the current and prior years [18]. - The revised Hong Kong Financial Reporting Standards require the disclosure of significant accounting policy information, which may reasonably be expected to influence the decisions of primary users of the financial statements [19]. - The independent auditor has confirmed that the financial statements are consistent with the audited consolidated financial statements for the year ending September 30, 2024 [78].

17. 關連人士交易 管理層要員之酬金 | --- | --- | --- | |--------------|-----------------------|------------------------------------------------| | | 二零二四年 \n千港元 | 截至三月三十一日止六個月 \n二零二三年 \n千港元 | | | | | | 董事袍金 | 500 | 500 | | 基本薪金 | 4,234 | 4,084 | | 花紅 | 10,181 | 5,542 | | 退休福利成本 | 9 | 9 | | | | | | | 14,924 | 10,135 | 以上之關連人士交易根據上市規則第14A章屬獲全面豁免之關連交易。 18. 財務工具之公平值計量 財務資產及財務負債之公平值乃採用普遍採納之定價模式根據貼現現金流量分析釐定。 本公司董事認為，按攤銷成本入賬的財務資產及財務負債於中期簡明綜合財務報表內之賬面值與彼等之公平 值相若。 19. 報告期後事項 於報告期後並無重大其後事項。 22 2024 其他資料 中期股息及暫停辦理股份登記手續 董事會已就截至二零二四年三 ...

於截至二零二一年九月三十日止年度期間收購附屬公司所產生之現金產生單位之商譽為11,429,000港元。 除附註(a)外，本集團管理層釐定其現金產生單位（包括無限可使用年期之商譽或商標）並無須確認任何其他減值。 本集團之投資物業已按由獨立估值師雍盛資產評估及房地產顧問有限公司（與本集團並無關連）於二零二四年 三月三十一日之估值進行重估。並不知悉投資物業之公平值有任何變動（截至二零二三年三月三十一日止六個月： 減少114,000港元）。 14. 應付賬款 15. 股本 (b) 經營租約之承擔及安排 2024 21 以上之關連人士交易根據上市規則第14A章屬獲全面豁免之關連交易。 19. 報告期後事項 其他資料 為符合獲派中期股息之資格，所有過戶文件連同有關股票必須於二零二四年六月十四日（星期五）下午四時三十分前 送達本公司之香港股份登記及過戶分處卓佳標準有限公司之證券登記服務處辦理股份登記手續，地址為香港夏愨道 16號遠東金融中心17樓。有關股息單將於二零二四年七月四日（星期四）寄發予股東。 審核委員會負責委任外聘核數師、審閱本集團之財務資料及監察本集團之財務申報系統、風險管理和內部監控系統。 審核委員會亦負責評 ...

Financial Position - As of September 30, 2023, the capital debt ratio was 0%, compared to 1.1% in 2022, indicating a strong financial position[26]. - The company maintained a robust financial position with internal resources used to meet operational needs[154]. - The group reported a total asset value of HKD 225,000,000 as of September 30, 2023, with no outstanding mortgage loans[124]. - As of September 30, 2023, the group's cash and bank deposits amounted to approximately HKD 271,800,000, an increase from HKD 234,300,000 in 2022[154]. - As of September 30, 2023, the company's distributable reserves amounted to approximately HKD 91.9 million, a decrease from HKD 108.3 million in 2022[145]. Shareholder Returns - The board emphasizes sustainable shareholder returns as a primary goal, with a policy to pay stable interim and final dividends each fiscal year[22]. - The company will not declare dividends if there is reasonable belief that it will be unable to meet its debt obligations post-dividend payment[24]. - The company proposed a final dividend of HKD 0.07 per share for the year ending September 30, 2023, pending approval at the upcoming annual general meeting[133]. Risk Management - The company has implemented a risk management and internal control system to identify and manage significant risks associated with achieving business objectives[7]. - The board has engaged a risk consulting firm to assess the effectiveness of the risk management and internal control systems, with no significant issues found[8]. Environmental Initiatives - The company is committed to reducing emissions and improving indoor air quality, particularly from volatile organic compounds[25]. - The company has implemented various environmental protection measures, including energy-efficient practices and waste management[55]. - The company actively promotes digital technology and paper recycling to reduce waste generation[29]. - The company encourages the use of energy-saving technologies in beauty instruments to minimize environmental impact[1]. - The group has implemented multiple environmental measures to reduce energy consumption and waste generation, promoting sustainability among employees[107]. Employee Management - The company employed 1,073 staff as of September 30, 2023, a decrease from 1,112 in 2022[37]. - Employee training participation was 100% for directors and senior management, and 88% for supervisors and general staff[69]. - The average training hours for male employees was 4 hours, while female employees received an average of 7 hours[69]. - The employee turnover rate is 20% for males and 35% for females, with the highest turnover rate of 45% in the 26-35 age group[90]. - The company is committed to maintaining a harassment-free and equitable work environment, with zero tolerance for discrimination[64]. - The company has established policies to ensure compliance with employment laws, including those related to child labor and forced labor[68]. Supplier Management - The group has a total of 48 major suppliers from various countries, including Hong Kong (23), Mainland China (3), and overseas regions (22) in 2023[73]. - The top five suppliers accounted for approximately 48.8% of the total procurement, with the largest supplier representing 25.0%[144]. - The group prioritizes suppliers that use environmentally friendly materials and complies with local construction requirements[72]. - The group regularly identifies suitable new suppliers to control internal risks and will take relevant procedures to replace suppliers with significant issues[97]. - The group has designed a procurement management system to oversee the entire procurement process, ensuring the selection of suitable suppliers[71]. Compliance and Governance - The company has confirmed compliance with the standard code of conduct for securities trading by all directors during the fiscal year ending September 30, 2023[10]. - The company has complied with all relevant laws and regulations affecting its business and operations as of September 30, 2023[132]. - The group strictly prohibits any actions that violate ethical codes or involve fraud, with no concluded corruption lawsuits reported during the reporting period[126]. - The group encourages anonymous reporting of suspected corruption or unethical activities, ensuring confidentiality in all investigations[127]. - The audit committee reviewed the accounting principles and practices adopted by the group for the fiscal year ending September 30, 2023[161]. Community Engagement - The group engaged over 100 employees in a community recycling initiative, successfully recovering 12 kilograms of used red packets[128]. - The company reported charitable donations of HKD 26,000 for the year, down from HKD 50,000 in 2022[143]. Business Strategy - The company emphasizes sustainable development as a key business strategy to create long-term value for stakeholders[33]. - The company is focused on expanding its beauty service offerings and enhancing its product distribution channels[130]. - The company operates various beauty service brands, including Glycel Skinspa and Oasis Homme, across Hong Kong, Macau, and mainland China[130]. Financial Reporting - The independent auditor's report confirms that the consolidated financial statements fairly reflect the group's financial position as of September 30, 2023[193]. - The company has appointed Hong Kong Lixin Dehao CPA Limited as the independent auditor to fill the temporary vacancy left by Deloitte[190]. - No convertible securities, options, or similar rights were issued or exercised during the fiscal year ending September 30, 2023[157]. - The company has not entered into any stock-linked agreements that would lead to the issuance of shares during the fiscal year[187]. - The company has deferred prepaid treatment services, which are presented as contract liabilities in the consolidated financial position[196]. - Management's estimation of expected unused rights involves significant judgment based on the company's historical experience with prepaid treatment services[197].

Financial Performance - The group's revenue for the year ended September 30, 2023, increased by approximately 16.0% to about HKD 976,600,000, primarily driven by strong demand for beauty services[46] - Net profit for the year was HKD 110,200,000, an increase of 64.9% compared to the previous fiscal year[46] - Basic earnings per share increased to 16.2 HK cents from 9.9 HK cents year-on-year[49] - The company reported a profit before tax of HKD 29,719,000 in 2023, compared to HKD 26,782,000 in 2022, reflecting a growth of 7.2%[57] - The company's earnings for the year ended September 30, 2023, showed a strong performance with a profit of 110,320,000 HKD, up from 67,432,000 HKD in 2022, reflecting a significant increase[89] Revenue Breakdown - Total revenue for 2023 reached HKD 976,572,000, up from HKD 841,936,000 in 2022, marking an increase of 16.0%[54] - The service segment generated revenue of HKD 823,757,000, up from HKD 671,789,000, reflecting a growth of about 22.6%[78] - The product sales segment reported revenue of HKD 180,806,000, down from HKD 204,764,000, indicating a decline of approximately 11.7%[78] - In 2023, skincare product sales generated revenue of HKD 152,815,000, a decrease of 10.5% from HKD 170,147,000 in 2022[54] Expenditure and Costs - The group reported a stable core expenditure year-on-year, with depreciation costs accounting for 4.8% of revenue, similar to the previous year[4] - Rental costs as a percentage of revenue decreased from 20.5% to 16.9%, reflecting a slowdown in rental levels due to market conditions[4] - Employee costs increased from 38.8% to 43.7% of revenue, despite a slight decrease in total employees from 1,112 to 1,073, indicating challenges in the Hong Kong labor market[4] - The marketing expenses slightly decreased to HKD 19,891,000 in 2023 from HKD 20,259,000 in 2022[57] - The company's bank fees increased significantly to HKD 35,027,000 in 2023 from HKD 25,448,000 in 2022, representing a rise of 37.5%[57] Dividends - The board proposed a final dividend of HKD 0.07 per share for the year ending September 30, 2023, subject to approval at the upcoming annual general meeting[26] - The company proposed a final dividend of 7.0 HK cents per share, totaling approximately HKD 47,639,000[63] - The company proposed a final dividend of 7.0 HKD cents per share, totaling 95,278,000 HKD for the year, compared to 51,041,000 HKD in the previous year[90] - Total dividends paid for the year amounted to approximately 98,680,000 HKD, down from 112,291,000 HKD in the previous year[105] Assets and Liabilities - The group has zero mortgage loan balance as of September 30, 2023, down from HKD 3.2 million in the previous year, indicating improved financial stability[18] - Total assets less current liabilities amounted to HKD 487,312,000, compared to HKD 509,951,000 in the previous year[41] - The total equity increased to HKD 312,878,000 from HKD 301,978,000 year-on-year[41] - The total liabilities decreased from HKD 751,209,000 to HKD 735,448,000[41] - The capital debt ratio was zero as of September 30, 2023, compared to 1.1% in 2022[101] Business Operations - As of September 30, 2023, the group operated 16 Glycel stores in Hong Kong and 2 in Macau, contributing to its product sales[9] - The group has successfully operated Oasis Dental since its opening in April 2022, contributing to its overall service offerings[7] - The company has successfully integrated major brands into flagship stores, operating 64 stores in Hong Kong at year-end, down from 69 stores last year[67] - The group operates a total of 54 beauty salons in Hong Kong, 2 in Macau, and 3 in mainland China[70] - The flagship medical beauty center in Causeway Bay has been expanded to over 7,000 square feet, providing a luxurious experience for customers[70] Growth and Future Plans - The group is preparing for further growth in the coming year, exploring new technologies and products at international trade fairs[15] - The group is focusing on growth in Hong Kong, citing significant development potential and plans for strategic investments in flagship stores[70] - The group plans to invest in new technology products and unique advanced equipment to offer tailored services to customers in Hong Kong[70] - The company plans to enhance marketing in targeted segments and strengthen its e-commerce business over the next year[119] - The company will launch several creative marketing campaigns in the coming months[119] Customer Engagement - Customer feedback has been extremely positive, with increased interest from potential customers due to various advertising and marketing initiatives[16] - The company experienced double-digit revenue growth in its beauty centers, attributed to new treatments and special promotions[68] - New product offerings included the 4D Pump device and the world's first HI-Frush technology, aimed at enhancing skin rejuvenation and collagen activation[68] - New treatments launched include entry-level medical beauty procedures and the AestheFill® injection, aimed at stimulating collagen production[91] Compliance and Governance - The company has complied with the corporate governance code as per the Hong Kong Stock Exchange regulations throughout the fiscal year[132] - The company has not issued or granted any convertible securities or options during the fiscal year ending September 30, 2023[124] - The company has no significant contingent liabilities as of September 30, 2023[127] Cash Management - The group continues to maintain a prudent cash management approach, with assets valued at HKD 225 million as of September 30, 2023[18] - The company has a cash balance of approximately 271,800,000 HKD and a current ratio of 0.58:1 as of September 30, 2023[90] - As of September 30, 2023, the company had cash and bank deposits totaling approximately HKD 271,800,000, an increase from HKD 234,300,000 in 2022[120] Employee Management - The company employed 1,073 staff as of September 30, 2023, down from 1,112 in 2022, while maintaining a competitive compensation scheme[121] - The company continues to adopt a learning culture focused on employee training and development[128]

Financial Performance - The group's revenue increased by 26.7% to approximately HKD 492 million for the six months ended March 31, 2023, compared to HKD 388.3 million for the same period last year[7]. - Profit for the period was HKD 57.1 million, up from HKD 26.4 million in the previous year[7]. - Total comprehensive income for the period was HKD 59,623 thousand, up from HKD 28,694 thousand year-over-year, indicating a growth of 107.2%[43]. - The company reported a profit of HKD 57,211,000 for the period, reflecting a significant increase compared to the previous period's profit of HKD 2,557,000[60]. - The group’s profit for the six months ended March 31, 2023, was HKD 57,211,000, compared to HKD 26,588,000 for the same period in 2022, representing a significant increase[72]. - Profit before tax for the same period was HKD 72,853,000, up 93.0% from HKD 37,737,000 in 2022[96]. - Net profit for the period was HKD 57,066,000, compared to HKD 26,381,000 in the previous year, representing a growth of 116.5%[96]. Revenue Breakdown - Revenue from Hong Kong and Macau reached HKD 451,015,000, up 36.3% from HKD 330,974,000 in the previous year[65]. - Revenue from China decreased to HKD 40,942,000, down 28.5% from HKD 57,373,000 in the prior year[65]. - Total revenue for the six months ended March 31, 2023, was HKD 491,957,000, an increase of 26.6% compared to HKD 388,347,000 for the same period in 2022[60]. Cash and Financial Position - The cash on hand as of March 31, 2023, was approximately HKD 243.4 million[7]. - As of March 31, 2023, the group's cash reserves were approximately HKD 243.4 million, an increase from HKD 234.3 million on September 30, 2022[29]. - The capital debt ratio was approximately 0.5% as of March 31, 2023, down from 1.1% on September 30, 2022, indicating improved financial stability[29]. - The company’s total assets amounted to HKD 831,058 thousand as of March 31, 2023, slightly down from HKD 848,239 thousand as of September 30, 2022[44]. - The company’s total liabilities were HKD 719,409 thousand, compared to HKD 751,209 thousand in the previous period, showing a decrease of 4.2%[44]. - Cash and cash equivalents at the end of the period were HKD 243,356 thousand, down from HKD 307,618 thousand year-over-year[48]. Operational Highlights - The sales mix shifted to 17.1% products and 82.9% services during the period, compared to 26.4% products and 73.6% services last year, reflecting the recovery of beauty services[8]. - The strong performance was partly due to the full operation of beauty services, which had been closed for a significant portion of the previous year due to COVID-19 restrictions[15]. - The group operates 54 beauty centers in Hong Kong as of March 31, 2023, including 10 Oasis Medical Beauty Centers and 12 Glycel beauty centers, contributing positively to revenue since the acquisition of the Man Shih Che Group in 2021[21]. - The group opened a new beauty center in Beijing, increasing the total number of self-operated beauty centers in the area to four[14]. - The group has introduced advanced beauty equipment and new treatment options, including the i-Body Slim device and various skincare treatments, to maintain a competitive edge[20]. Investment and Expenditure - Capital expenditure decreased significantly from HKD 27.1 million to HKD 17.8 million, focusing on major projects like the flagship medical beauty center in Causeway Bay[10]. - The group has invested significantly in flagship stores, enhancing brand visibility and customer experience, with a focus on consolidating multiple brands in larger spaces[27]. - The group has capital commitments of approximately HKD 2.6 million for property and equipment acquisitions as of March 31, 2023[31]. - The group's capital expenditure on property and equipment for the six months ended March 31, 2023, was approximately HKD 17,760,000, down from HKD 27,115,000 for the same period in 2022[80]. Marketing and Customer Engagement - Advertising expenses increased by 76.3% compared to the previous year, aimed at attracting new customers and enhancing brand image[17]. - The group plans to continue investing in new store openings and renovations to enhance customer experience and brand presence[11]. - The company is investing in new product development and technology to improve service efficiency and customer experience[60]. - A new marketing strategy has been implemented, focusing on digital channels, which is expected to increase customer engagement by H%[155]. Employee and Management Information - The group employs 1,047 staff as of March 31, 2023, down from 1,112 on September 30, 2022, while maintaining competitive compensation packages[32]. - Employee costs for the period were HKD 211,466,000, an increase from HKD 151,773,000 in the previous year[96]. - The company’s management remuneration totaled HKD 10,135,000 for the period, down from HKD 18,962,000 in the previous year[17]. Corporate Governance - The company has adopted the standard code of corporate governance and confirmed compliance during the review period[131]. - The company has established a disclosure committee to ensure timely disclosure of inside information as defined by the Securities and Futures Ordinance since January 10, 2013[118]. - The audit committee is responsible for reviewing the group's financial information and monitoring the financial reporting system, risk management, and internal control systems[138].

簡明綜合損益及其他全面收益表 | --- | --- | --- | |--------------------------------------------------------------------|-------------------------------------|--------------| | | | | | | 未經審核 | | | | 截至三月三十一日止六個月 二零二三年 | 二零二二年 | | | 千港元 | 千港元 | | 本期間溢利 | 57,066 | 26,381 | | 其他全面收益： 其後可能會重新分類至損益之項目： | | | | 因換算海外業務產生之匯兌差異 | 2,557 | 2,313 | | 本期間全面收益總額 | 59,623 | 28,694 | | 以下人士應佔本期間全面收益（開支）總額： 本公司擁有人 非控股權益 | 59,768 (145) | 28,912 (218) | | | 59,623 | 28,694 | 4 簡明綜合財務狀況表 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲 ...

截至二零二二年九月三十日止年度期間，本公司全體董事均定期接收有關本集團業務、營運、風險管理、企業管治、 董事職能及職責以及其他相關課題的簡報、研討會、會議及╱或更新。董事獲提供適用於本集團的新訂法律及規例或 重要變動。所有董事已根據企業管治守則向本公司提供彼等各自之培訓紀錄。 為監察本公司各範疇之整體事務及協助履行職責，董事會已設立五個董事委員會，分別為審核委員會、薪酬委員會、 投資諮詢委員會、提名委員會及披露委員會。獨立非執行董事在該等委員會中發揮重要作用，以確保獨立及客觀意見 得到充分表達，並擔當審查及監控角色。 為符合企業管治守則有關履行企業管治責任之規定，董事會已委派其職能予審核委員會，以制定及檢討本公司之企 業管治政策及常規，並向董事會提出建議、檢討及監察本公司遵守法律及監管規定之政策及常規；制定、檢討及監察 董事及僱員之操守準則；檢討及監察董事及高級管理人員之培訓及持續專業發展，及檢討本公司遵守上市規則所載 企業管治守則之守則條文之情況及企業管治報告書之披露。 本公司於二零零六年六月二十六日成立薪酬委員會，其書面職權範圍已於二零一二年三月二十二日經修訂。薪酬委 員會成員包括本公司全體獨立非執行董事 ...