大家乐集团(00341) - 2025 - 中期业绩

Financial Performance - For the six months ending September 30, 2024, the group's revenue decreased by 1.2% to HKD 4,264.8 million, compared to HKD 4,318.6 million in the same period last year[4]. - Shareholders' profit for the same period was HKD 144.0 million, a decrease of 28.2% from HKD 200.6 million year-on-year[16]. - The gross profit margin for the six months ending September 30, 2024, decreased to 10.3%, down from 12.1% in the previous year[10]. - Basic earnings per share decreased by 27.7% to HK$0.25 for the six months ended September 30, 2024, compared to HK$0.346 in 2023[18]. - Operating profit decreased to HKD 189,916, down 29.0% from HKD 267,462 in the previous year[50]. - Net profit attributable to equity holders was HKD 144,015, a decline of 28.2% from HKD 200,553 in the prior year[50]. - The company reported a total comprehensive income of HKD 133,917 for the period, compared to HKD 201,442 in the previous year[52]. - The group reported a pre-tax profit of HKD 163,128,000 for the six months ended September 30, 2024, down 30.7% from HKD 235,624,000 in 2023[74]. Revenue Breakdown - In Hong Kong, the fast food segment recorded revenue of HKD 2,574.0 million, a slight increase of 0.3% from HKD 2,565.4 million[9]. - The leisure dining segment in Hong Kong saw a revenue decline of 8.9%, dropping to HKD 409.0 million from HKD 449.1 million[9]. - Revenue from mainland China decreased by 1.5% to HKD 763.1 million, while same-store sales recorded a negative growth of 8%[32]. - Institutional dining revenue decreased by 1.1% to HKD 452.4 million, with successful contract renewals maintaining market leadership[30]. - The total revenue from food and beverage sales for the six months ended September 30, 2024, was HKD 4,221,035,000, slightly down from HKD 4,276,291,000 in 2023[78]. Cost Management - Administrative expenses were reduced by 6.0% to HKD 242.2 million, compared to HKD 257.7 million in the previous year[11]. - The group’s employee benefit expenses (excluding share-based payments) were HKD 1,431,591,000, an increase from HKD 1,405,228,000 in the previous year[81]. - The net financial cost for the six months ended September 30, 2024, was HKD 26,788,000, a decrease from HKD 31,838,000 in the previous year[83]. Store Operations and Expansion - The group operated 381 stores in Hong Kong and 176 stores in mainland China as of September 30, 2024, compared to 380 and 171 stores respectively as of March 31, 2024[20]. - The fast food segment opened 3 new stores, ending the period with 174 stores, while the congee and noodle segment opened 2 new stores, ending with 46 stores[27]. - The group continued to expand its store network in the Greater Bay Area despite economic uncertainties[5]. - The group continues to expand its store network in the Greater Bay Area, with plans for 10 new stores[33]. Dividends and Share Repurchase - The group declared an interim dividend of HKD 0.15 per share, consistent with the previous year[2]. - The company repurchased a total of 5,700,000 shares at a total cost of approximately HKD 46 million, all of which were subsequently canceled[36]. - The interim dividend declared is HK$0.15 per share, unchanged from 2023[19]. Customer Engagement and Marketing - The "Club 100" membership program surpassed 1.8 million registered members, with significant growth in senior members following special promotions[24]. - The company launched new promotional products and digital enhancements to improve customer experience and drive sales during economic downturns[23][24]. - The group received multiple industry awards, including recognition as a "Hong Kong Power Brand 2023/2024" and accolades for its marketing strategies[6]. Financial Position and Liquidity - As of September 30, 2024, the group had cash of approximately HKD 1,071 million and a bank credit facility of HKD 799 million[35]. - The group has no pledged assets as of September 30, 2024, maintaining a stable financial position[38]. - The group recognized lease liabilities of HKD 770,919,000 in current liabilities and HKD 1,216,434,000 in non-current liabilities as of September 30, 2024[59]. - The total amount of trade receivables as of September 30, 2024, was HKD 56,939,000, a decrease from HKD 89,430,000 as of March 31, 2024[95]. Sustainability and ESG - The group achieved a waste recovery rate of 40% for food waste in its Hong Kong operations[44]. - The group received an ESG rating of "AA," the highest in the non-essential consumer sector, reflecting its commitment to sustainable development[44].