大快活集团(00052) - 2025 - 中期业绩

Financial Performance - Revenue decreased by 0.3% from HKD 1,558 million to HKD 1,553 million[3] - Profit attributable to equity shareholders for the period was HKD 15.5 million, down from HKD 36.3 million in 2023[3] - Basic earnings per share decreased to HKD 0.1198 from HKD 0.2803 in 2023[3] - Operating profit for the period was HKD 34.5 million, down from HKD 59.5 million in 2023[5] - Pre-tax profit for the period was HKD 17.8 million, compared to HKD 43.4 million in 2023[5] - Profit before tax for the six months ended September 30, 2024, was HKD 17,774,000, compared to HKD 43,409,000 in 2023, reflecting a significant decline of approximately 59%[22] - Gross profit margin declined to 7.5% from 9.4% in the previous year[45] - The group reported a net loss of HKD 2,323,000 from the disposal of other properties, machinery, and equipment, compared to a loss of HKD 4,786,000 in the previous year[24] Current Assets and Liabilities - Total current assets amounted to HKD 771.1 million, down from HKD 796.4 million as of March 31, 2024[12] - Current liabilities totaled HKD 927.7 million, an increase from HKD 858.3 million as of March 31, 2024[12] - The group reported a net current liability of HKD 156.6 million, compared to HKD 61.9 million as of March 31, 2024[12] - The net current liabilities were HKD 156.6 million, down from HKD 619 million on March 31, 2024, indicating improved liquidity management[59] - The current ratio decreased to 0.8 from 0.9 as of March 31, 2024, reflecting a tighter liquidity position[59] Cash and Bank Position - The group maintained a strong financial position with bank deposits and cash equivalents of HKD 595.8 million and no bank borrowings as of September 30, 2024[3] - As of September 30, 2024, the group's bank deposits and cash equivalents amounted to HKD 595.8 million, a decrease of 7.1% from HKD 641.0 million as of March 31, 2024, representing 77.3% of total current assets[60] - The net cash generated from operating activities during the reporting period was HKD 306.6 million, slightly down from HKD 311.7 million in 2023[60] - The group had no bank loans as of September 30, 2024, maintaining a capital debt ratio of 0.0%[60] Dividends - The board declared an interim dividend of HKD 0.05 per share[3] - The company declared an interim dividend of HKD 0.050 per share, down from HKD 0.110 per share in 2023[32] - The board declared an interim dividend of HKD 0.05 per share for the six months ended September 30, 2024, which represents approximately 42% of the profit attributable to equity shareholders for the period[69] Employee Costs and Workforce - The group’s employee costs for the period were HKD 563,227,000, up from HKD 540,343,000 in the previous year, representing an increase of approximately 4.2%[27] - The total number of employees as of September 30, 2024, was approximately 5,600, a slight decrease from 5,700 as of March 31, 2024[67] - The group has committed to providing competitive compensation and benefits to eligible employees based on performance and other factors[67] Business Development and Strategy - The company is focusing on the high-growth potential dinner market as a key growth driver, responding to structural changes in consumer behavior[46] - The company has introduced new measures to enhance business development and build growth momentum in response to economic challenges[46] - The group continues to implement cost management measures, including digital and automation strategies across more restaurants[49] - The group anticipates growth opportunities despite a slight decline in revenue, focusing on becoming a high-quality, reasonably priced food brand[56] Community Engagement - The group has engaged in community initiatives, with over 530,000 members in the "Caring for the Elderly" program, providing special offers[52] - The company aims to strengthen connections with the local community by launching a new soft meal program targeting the elderly and individuals with swallowing difficulties[46] - The group launched a new soft meal program aimed at the elderly, which has garnered media coverage valued at over HKD 6 million[51] Operational Highlights - Revenue from Hong Kong restaurants was HKD 1,459,438,000, down from HKD 1,460,769,000 in the previous year, indicating a decrease of about 0.1%[21] - The group operates 149 fast-food outlets and 10 specialty restaurants in Hong Kong, with a new Italian restaurant brand "Ombra" introduced during the period[53] - Membership in the group's mobile app exceeded 920,000, serving as a significant promotional tool[48] - The group has expanded its "Eat Well GYM" promotional campaign to enhance brand awareness and connect with health-conscious consumers[48] Taxation - The estimated effective tax rate for the six months ended September 30, 2024, was 16.5%, consistent with the previous year[29] - The group did not report any tax provisions for the People's Republic of China corporate income tax for the period, as it recorded tax losses in its mainland operations[30] Other Income and Costs - The group reported a total of HKD 20,338,000 in other income for the six months ended September 30, 2024, compared to HKD 3,739,000 in 2023, showing a significant increase[24] - The group incurred financing costs of HKD 16,738,000 for the six months ended September 30, 2024, an increase from HKD 16,052,000 in 2023[27] - The impairment loss on right-of-use assets and other property, plant, and equipment was HKD 10.083 million, compared to HKD 6.312 million in the same period of 2023[36]