Financial Performance - The group's revenue for the six months ended September 30, 2022, was approximately HKD 29.1 million, a decrease of about 73.0% compared to the same period in 2021[9]. - The loss attributable to owners of the company for the six months ended September 30, 2022, was approximately HKD 6.7 million, a decrease of about 31.9% compared to the same period in 2021[9]. - The group reported a net loss before tax of HKD 10.79 million for the six months ended September 30, 2022[10]. - The group's total comprehensive loss for the six months ended September 30, 2022, was HKD 8.07 million, compared to HKD 10.46 million for the same period in 2021[10]. - The company reported a net cash outflow from operating activities of HKD 15,191,000, compared to a net inflow of HKD 19,046,000 in the previous year[17]. - The company recorded a loss of HKD 10,105,000 during the period, contributing to a cumulative loss of HKD 161,904,000[15]. - The company reported a loss attributable to shareholders of HKD 5,874,000 for the three months ended September 30, 2022, compared to a loss of HKD 5,946,000 for the same period in 2021, reflecting a decrease of 1.2%[49]. - The group reported a loss before tax of HKD 10,791,000 for the six months ended September 30, 2022, compared to a loss of HKD 7,108,000 for the same period in 2021[30][31]. Revenue Breakdown - Total revenue for the six months ended September 30, 2022, was HKD 29,050,000, a decrease from HKD 107,767,000 in the same period of the previous year[23]. - Revenue from restaurant operations for the six months ended September 30, 2022, was HKD 24,148,000, down from HKD 85,860,000 year-on-year[23]. - Revenue from external customers for Italian restaurants was HKD 4,065,000 and for Western restaurants was HKD 20,083,000, while Asian and Chinese restaurants reported no revenue[30]. - Revenue from financial institution collaboration services was approximately HKD 4.9 million for the six months ended September 30, 2022, down from HKD 20.2 million in the same period in 2021[84]. - Revenue from Western restaurants decreased by approximately HKD 47.1 million or about 70.1% to approximately HKD 20.1 million for the six months ended September 30, 2022, compared to HKD 67.1 million in the previous year[77]. - Revenue from Italian restaurants decreased by approximately HKD 9.4 million or about 69.8% to approximately HKD 4.1 million for the six months ended September 30, 2022, compared to HKD 13.4 million in the previous year[79]. Expenses and Liabilities - The group incurred employee benefits expenses of HKD 17.27 million for the six months ended September 30, 2022[10]. - Employee benefit expenses decreased from approximately HKD 36.4 million to about HKD 17.3 million, primarily due to restaurant closures and organizational streamlining in China[88]. - Total liabilities increased slightly from HKD 261,224,000 to HKD 263,080,000, an increase of about 0.7%[13]. - The company's trade and other payables increased from HKD 21,974,000 to HKD 23,979,000, an increase of approximately 9.1%[13]. - The group incurred unallocated employee benefits expenses of HKD 4,799,000 and unallocated depreciation and amortization of HKD 358,000 for the six months ended September 30, 2022[30]. Assets and Equity - Total assets decreased from HKD 150,809,000 to HKD 144,596,000, a decline of approximately 4.8%[11]. - Non-current assets increased significantly from HKD 102,886,000 to HKD 107,485,000, reflecting a growth of about 4.3%[11]. - Cash and cash equivalents decreased from HKD 4,070,000 to HKD 2,510,000, a reduction of approximately 38.4%[17]. - The company’s equity attributable to owners decreased from HKD 119,925,000 to HKD 126,617,000, reflecting a decline of about 5.5%[15]. - The total assets as of September 30, 2022, amounted to HKD 151,033,000, an increase from HKD 150,809,000 as of March 31, 2022[33][34]. Operational Challenges - The company reported a decrease in revenue for the six months ended September 30, 2022, compared to the same period in 2021, primarily due to the adverse impact of COVID-19 on the restaurant business[71]. - The restaurant segment experienced increased operating losses during the six months ended September 30, 2022, as a result of strict government measures and a challenging operating environment[71]. - The indoor design and renovation segment did not generate any revenue during the six months ended September 30, 2022, due to being in the startup phase and contracts being temporarily suspended because of COVID-19[72]. - The organic vegetable consulting services segment also reported no revenue for the six months ended September 30, 2022, as its main operating location in Shanghai was under lockdown during the first quarter[73]. - The financial institution cooperation services segment was significantly affected by the macroeconomic downturn in China and globally, impacting its operations for the six months ended September 30, 2022[74]. Corporate Actions - The company has undergone a capital restructuring to offset accumulated losses, which was approved on August 15, 2022[16]. - The company’s share capital restructuring involved reducing the par value of shares from 0.001, effectively splitting each share into ten[15]. - The company proposed a rights issue of 1,215,375,000 shares at a subscription price of HKD 0.04 per share, aiming to raise approximately HKD 48.6 million[126]. - The total amount raised from the rights issue is approximately HKD 43.5 million, with a net amount of about HKD 41.1 million after expenses[127]. Government Support - The group received government subsidies related to COVID-19 for its Hong Kong restaurants, which were not available in the same period in the previous year[90].
生活概念(08056) - 2023 - 中期财报