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].
奥思集团(01161) - 2023 - 中期财报