Revenue Performance - For the nine months ended September 30, 2023, the group recorded revenue of approximately HKD 78.8 million, a decrease of about 4.5% compared to approximately HKD 82.5 million in the same period last year[12]. - Revenue from food processing and trading, including transportation services, was approximately HKD 56.8 million, down from HKD 63.7 million in 2022[12]. - Revenue from restaurant operations increased to approximately HKD 22.0 million, up from HKD 18.8 million in 2022[12]. - For the three months ended September 30, 2023, the company reported revenue of HKD 26,778,000, a slight increase of 1.35% compared to HKD 26,422,000 in the same period of 2022[33]. - For the nine months ended September 30, 2023, total revenue was HKD 78,808,000, a decrease of 4.3% from HKD 82,523,000 in the same period of 2022[33]. - The segment revenue from food processing and trading (including transportation services) was HKD 56,779,000, down 11.5% from HKD 63,675,000 in the previous year[53]. - The restaurant operations segment generated revenue of HKD 22,029,000, an increase of 16.0% from HKD 18,848,000 in the prior year[53]. Cost and Expenses - The cost of consumed inventory for the nine months was approximately HKD 42.2 million, compared to approximately HKD 52.3 million in the same period last year[13]. - The cost of goods sold for the three months ended September 30, 2023, was HKD 13,950,000, down 9.3% from HKD 15,397,000 in the previous year[33]. - The cost of goods sold for the nine months was HKD 42,242,000, down 19.2% from HKD 52,259,000 in the previous year[63]. - The total depreciation expense for the nine months was HKD 5,971,000, a decrease of 29.5% compared to HKD 8,403,000 in 2022[63]. - Employee benefit expenses increased to approximately HKD 20.1 million from approximately HKD 19.4 million in the previous year, primarily due to rising employee salaries[15]. Profit and Loss - The group recorded a loss before tax of approximately HKD 3.4 million, an improvement from a loss of approximately HKD 7.2 million in the previous year[13]. - The group reported a net loss of approximately HKD 3.8 million for the nine months, compared to a net loss of approximately HKD 7.5 million in the same period last year[17]. - The company recorded a loss before tax of HKD 565,000 for the three months ended September 30, 2023, an improvement from a loss of HKD 1,717,000 in the same period of 2022[33]. - Total comprehensive loss for the three months ended September 30, 2023, was HKD 82,000, compared to a loss of HKD 1,002,000 in the same period of 2022[34]. - The company’s total comprehensive loss for the nine months ended September 30, 2023, was HKD 1,821,000, compared to a loss of HKD 5,474,000 in the same period of 2022[34]. - The adjusted loss before tax for the nine months ended September 30, 2023, was HKD 3,762,000, significantly improved from a loss of HKD 7,593,000 in the same period of 2022[63]. - The company reported a tax provision based on an estimated taxable profit at a rate of 16.5%, consistent with the previous year[65]. Shareholder Information - As of September 30, 2023, major shareholder Jianjing Venture Limited holds 1,050,000,000 shares, representing 75% of the company's issued share capital[22]. - The company has not granted any share options under its share option scheme since its adoption on June 5, 2017[24]. - The board did not declare any dividends for the nine months ended September 30, 2023, consistent with the previous year[18]. - The company did not recommend any dividend payment for the nine months ended September 30, 2023, consistent with the previous year[66]. Compliance and Governance - The audit committee, consisting of three independent non-executive directors, has reviewed the report and confirmed compliance with applicable accounting standards[32]. - The company has adopted a code of conduct for securities transactions by directors, which complies with the GEM Listing Rules[28]. - The company has not reported any significant impact on its performance or financial position from the adoption of new and revised Hong Kong Financial Reporting Standards[46]. - The financial statements were approved and authorized for issue by the board on November 9, 2023[69]. Loss Per Share - The company’s basic and diluted loss per share for the three months ended September 30, 2023, was HKD 0.05, an improvement from HKD 0.09 in the same period of 2022[33]. - The basic loss per share for the three months ended September 30, 2023, was HKD 0.05, compared to HKD 0.09 for the same period in 2022, reflecting a 44.4% decrease[68]. - The basic loss per share for the nine months ended September 30, 2023, was HKD 0.26, down from HKD 0.46 in 2022, which is a 43.5% improvement[68]. - For the nine months ended September 30, 2023, the loss attributable to owners of the company was HKD 3,607,000, down from HKD 6,498,000 in 2022, indicating a 44.0% reduction in losses year-over-year[68]. - For the three months ended September 30, 2023, the company reported a loss attributable to owners of the company of HKD 655,000, compared to a loss of HKD 1,297,000 for the same period in 2022, representing a 49.3% improvement[68].

Winning Tower Group Holdings Limited 運 興 泰 集 團 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：8362） 截 至 二 零 二 三 年 九 月 三 十 日 止 九 個 月 的 第 三 季 度 業 績 公 告 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位，乃為相比起其他在聯交所上市的公司帶有較高投資風險的公司 提供一個上市的市場。有意投資的人士應了解投資於該等公司的潛在風險，並 應經過審慎周詳的考慮後方作出投資決定。GEM的較高風險及其他特色表示 GEM較適合專業及其他經驗豐富的投資者。 由於GEM上市公司新興的性質所然，在GEM買賣的證券可能會較於主板買賣 之證券承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高流 通量的市場。 香港交易及結算所有限公司及聯交所對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不對因本公告全部或任何部分內 容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 本公告的資料乃遵照GEM證券上市規則（「GEM上市規則」）而刊載，旨在提供有 關運興泰集團控股有限 ...

Revenue Performance - For the six months ended June 30, 2023, the group recorded revenue of approximately HKD 52.0 million, a decrease of about 7.3% compared to approximately HKD 56.1 million in the same period last year[12]. - Revenue from food processing and trading, including transportation services, was approximately HKD 37.5 million, down from HKD 44.8 million in 2022[12]. - Revenue from restaurant operations increased to approximately HKD 14.5 million, up from HKD 11.3 million in 2022[12]. - The joint venture company generated revenue of approximately HKD 8.9 million, an increase of 2.3% compared to the same period last year[7]. - Total revenue for the six months ended June 30, 2023, was HKD 52,030,000, a decrease of 7.4% from HKD 56,101,000 in the same period of 2022[72]. - Revenue from the food processing and trading segment (including transportation services) was HKD 37,498,000, down 16.4% from HKD 44,790,000 in the previous year[72]. - Restaurant operations generated revenue of HKD 14,532,000, an increase of 28.5% compared to HKD 11,311,000 in the prior year[72]. - The group’s customer contract revenue for the six months was HKD 52,030,000, down from HKD 56,101,000 in the same period of 2022[74]. Profitability and Loss - The group reported a gross profit of approximately HKD 23.7 million, with a gross profit margin of 45.6%, compared to HKD 19.2 million and 34.2% in 2022[14]. - The group incurred a net loss of approximately HKD 3.2 million for the period, an improvement from a net loss of approximately HKD 5.8 million in the same period last year[18]. - The company recorded an operating loss before tax of HKD 2,968,000 for the six months ended June 30, 2023, compared to a loss of HKD 5,582,000 for the same period in 2022, representing a 46.8% improvement[51]. - The net loss for the six months ended June 30, 2023, was HKD 3,197,000, a reduction of 45.6% from HKD 5,805,000 in the prior year[52]. - The group reported a pre-tax loss of HKD 2,952,000 for the six months ended June 30, 2023, compared to a loss of HKD 5,201,000 for the same period in 2022, representing a 43.5% improvement[86]. - The group recorded a total comprehensive loss of HKD 1,903,000 for the period, compared to a loss of HKD 4,472,000 in the prior year[57]. Expenses and Costs - Employee benefit expenses increased to approximately HKD 13.5 million from approximately HKD 12.6 million in the previous year, primarily due to rising employee salaries[16]. - The cost of goods sold for the six months ended June 30, 2023, was HKD 28,292,000, down 23.5% from HKD 36,862,000 in the previous year[51]. - The cost of consumed inventory decreased to HKD 28,292,000 for the six months ended June 30, 2023, down from HKD 36,862,000 in 2022, reflecting a reduction of 23.4%[81]. - Employee benefit expenses totaled HKD 13,506,000 for the six months ended June 30, 2023, an increase of 7.3% from HKD 12,585,000 in 2022[81]. Assets and Liabilities - As of June 30, 2023, the group's net current assets were approximately HKD 12.0 million, down from HKD 14.6 million as of December 31, 2022[20]. - Total liabilities decreased to HKD 39,966,000 from HKD 42,268,000, a reduction of 5.4%[55]. - The total equity as of June 30, 2023, was HKD 87,973,000, down from HKD 89,876,000 at the end of 2022, reflecting a decrease of 2.1%[55]. - Current assets totaled HKD 33,458,000, down 4.8% from HKD 35,163,000 at the end of 2022[54]. - The net current asset value decreased to HKD 11,995,000 from HKD 14,556,000, reflecting a decline of 17.6%[54]. - As of June 30, 2023, total non-current assets amounted to HKD 94,481,000, a decrease of 2.6% from HKD 96,981,000 as of December 31, 2022[54]. Financing and Capital Structure - Bank borrowings amounted to approximately HKD 3.4 million, compared to HKD 2.9 million as of December 31, 2022[20]. - The company's debt-to-equity ratio was approximately 3.6%, up from 3.0% as of December 31, 2022, with bank borrowings of approximately HKD 3.4 million and total equity of approximately HKD 93.7 million[21]. - The company has pledged leasehold land and buildings with a net book value of approximately HKD 59.8 million as collateral for bank financing[25]. - The company plans to use proceeds from property sales for repaying bank financing and expanding joint venture operations[31]. - The company issued 1,400,000,000 shares with a par value of HKD 0.01 per share, with no changes in capital structure since its listing[22]. Corporate Governance and Compliance - The board does not recommend the payment of an interim dividend for the six months ended June 30, 2023[19]. - The company did not purchase, sell, or redeem any of its securities during the six months ended June 30, 2023[45]. - The company has adopted a code of conduct for securities transactions by directors, confirming compliance from all directors during the reporting period[46]. - The company has established an audit committee consisting of three independent non-executive directors to ensure compliance with applicable accounting standards[50]. - The company has committed to a non-competition agreement with its major shareholders to prevent direct or indirect competition in its core business[47]. - There were no interests held by directors or major shareholders in any competing businesses as of June 30, 2023[47]. Cash Flow and Financial Position - Cash flow from operating activities improved to HKD 1,562,000, up from HKD 293,000 in the previous year[58]. - The company’s cash and cash equivalents decreased to HKD 14,874,000 from HKD 21,562,000, a decline of 31.1%[59]. - New bank loans amounted to HKD 666,000, while repayments totaled HKD 171,000, indicating ongoing financing activities[59]. - The group maintained strict monitoring of trade receivables to minimize credit risk, with overdue balances reviewed regularly by senior management[90]. Other Information - As of June 30, 2023, the company had no significant contingent liabilities, capital commitments, or major acquisitions or disposals of subsidiaries and associates[24][27][28]. - There were no significant events occurring after the six-month period ending June 30, 2023[36]. - The effective tax rate for the group remained at 16.5% for the six months ended June 30, 2023, consistent with the previous year[83]. - The group has no significant currency risk as most transactions are denominated in HKD and USD, which are stable against each other[26].

Winning Tower Group Holdings Limited 運 興 泰 集 團 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：8362） 截 至 二 零 二 三 年 六 月 三 十 日 止 六 個 月 的 中 期 業 績 公 告 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯 交所上市的公司帶有較高投資風險。有意投資的人士應了解投資於該等公司 的潛在風險，並應經過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於主板買 賣之證券承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高 流通量的市場。 香港交易及結算所有限公司及聯交所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明，並明確表示，概不對因本公告全部或任何部分內 容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 本公告的資料乃遵照聯交所GEM證券上市規則（「GEM上市規則」）而刊載，旨在 提供有關運興泰集團控股有限公司（「本公司」，連同其附屬公司為「本集團」）的 資料。 ...

Revenue Performance - For the first quarter of 2023, the company recorded revenue of approximately HKD 26.3 million, a decrease of about 4.7% compared to HKD 27.6 million in the same period last year[9]. - Revenue from processed and traded food, including transportation services, was approximately HKD 19.0 million, down from HKD 22.7 million year-on-year[9]. - Revenue from restaurant operations increased to approximately HKD 7.3 million, compared to HKD 4.9 million in the previous year, indicating a growth of about 48.98%[9]. - For the three months ended March 31, 2023, total revenue was HKD 26,339,000, a decrease of 4.4% compared to HKD 27,557,000 for the same period in 2022[48]. - Total customer contract revenue for the three months ended March 31, 2023, was HKD 26,339,000, a decrease of 4.4% from HKD 27,557,000 in the same period of 2022[50]. - Revenue from food sales was HKD 19,018,000 for the three months ended March 31, 2023, down 15.8% from HKD 22,391,000 in 2022[50]. - Restaurant operation revenue increased to HKD 7,305,000 in Q1 2023, up 49.5% from HKD 4,884,000 in Q1 2022[50]. Cost and Expenses - The cost of consumed inventory for the quarter was approximately HKD 14.6 million, a decrease of about 18.9% from HKD 18.0 million in the same period last year[10]. - The cost of goods sold for the same period was HKD 14,586,000, down from HKD 17,957,000, reflecting a reduction of 18.8%[28]. - Total depreciation expense for the group was HKD 1,970,000 for the three months ended March 31, 2023, compared to HKD 2,814,000 in the same period of 2022[56]. - Employee benefit expenses increased to approximately HKD 6.9 million, up from HKD 6.1 million year-on-year, due to salary increases implemented in the second half of 2022[12]. Profit and Loss - The company reported a pre-tax loss of approximately HKD 1.6 million, an improvement from a loss of about HKD 3.2 million in the same period last year[10]. - The company recorded an operating loss before tax of HKD 1,647,000, an improvement from a loss of HKD 3,190,000 in the previous year, indicating a 48.3% reduction in losses[28]. - The net loss for the quarter was approximately HKD 1.8 million, compared to a loss of HKD 3.3 million in the same period last year, reflecting a reduction in losses[14]. - The net loss for the period was HKD 1,766,000, compared to a net loss of HKD 3,298,000 in the prior year, representing a 46.4% decrease[28]. - The group reported a pre-tax loss of HKD 1,514,000 for the three months ended March 31, 2023, compared to a loss of HKD 2,766,000 in the same period of 2022[61]. - The total comprehensive loss for the period was HKD 1,119,000, compared to a total comprehensive loss of HKD 2,632,000 for the same period in 2022, indicating a significant reduction in losses[45]. Shareholder Information - As of March 31, 2023, the major shareholder, Jianjing Venture Capital Limited, held 1,050,000,000 shares, representing 75% of the issued share capital[18]. - The company did not purchase, sell, or redeem any of its securities during the three months ended March 31, 2023[22]. - The company has not granted any share options under its share option scheme since its adoption on June 5, 2017[20]. Corporate Governance - The company has complied with the corporate governance code as per GEM Listing Rules during the financial year up to March 31, 2023[25]. - The audit committee, consisting of three independent non-executive directors, has reviewed the report and confirmed compliance with applicable accounting standards[26]. Future Outlook - The company aims to maintain its customer base while seeking new business opportunities and expanding its refrigeration capacity to support business growth[8]. - The company is focused on continuous development through operational improvements and market expansion strategies[8]. - The company continues to focus on its core business of food processing and restaurant operations, with plans for future market expansion and product development[32]. Financial Reporting - The financial data presented is unaudited and prepared in accordance with the applicable disclosure requirements of the GEM Listing Rules[35]. - The report will be available on the Hong Kong Stock Exchange website for at least seven days from the date of publication[3]. - Basic and diluted loss per share for the company was HKD 0.11, improved from HKD 0.20 in the same quarter of 2022[28]. - Basic loss per share for the three months ended March 31, 2023, was HKD 0.11, an improvement from HKD 0.20 in 2022[62]. - The group did not recommend any dividend payment for the three months ended March 31, 2023[59]. - The group’s tax provision for the period was calculated at a rate of 16.5%, consistent with the previous year[58]. - The group’s revenue recognition for food sales occurs at the point of delivery, with payment typically due within 30 to 45 days[52].

Winning Tower Group Holdings Limited 運 興 泰 集 團 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：8362） 截 至 二 零 二 三 年 三 月 三 十 一 日 止 三 個 月 的 第 一 季 度 業 績 公 告 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯 交所上市的公司帶有較高投資風險。有意投資的人士應了解投資於該等公司 的潛在風險，並應經過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於聯交所 主板買賣之證券承受較大的市場波動風險，同時無法保證在GEM買賣的證券 會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不對因本公告全部或任何部分內 容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 本公告的資料乃遵照聯交所GEM證券上市規則（「GEM上市規則」）而刊載，旨在 提供有關運興泰集團控股有限公司（「本公司」）的資料；本公司的董事（ ...

Business Performance - The company reported a significant recovery in its business despite the ongoing COVID-19 pandemic, benefiting from a shift to online sales and a rebound in the restaurant sector[7]. - The group recorded revenue of approximately HKD 93.3 million for the year ended December 31, 2022, an increase of about 8.5% compared to approximately HKD 86.0 million in the same period last year[19]. - Revenue from food processing and trading, including transportation services, was approximately HKD 67.2 million, up from HKD 59.4 million in 2021[19]. - The group incurred a pre-tax operating loss of approximately HKD 14.4 million, an improvement from a loss of approximately HKD 25.6 million in the previous year[20]. - The group recorded a net loss of approximately HKD 13.6 million for the year, an improvement from a net loss of approximately HKD 26.1 million in the previous year[24]. - The group’s net current assets were approximately HKD 14.6 million as of December 31, 2022, down from HKD 20.5 million in 2021[26]. - The debt-to-asset ratio was approximately 3.0% as of December 31, 2022, consistent with the previous year[27]. - The group believes the worst is over and holds an optimistic outlook for the coming year, planning to develop better business strategies based on the latest business environment[68]. Strategic Initiatives - The company expanded its operations into fresh and frozen food trading and processing, contributing to substantial revenue growth[7]. - The company plans to leverage the growth of the Hong Kong restaurant industry through investments in joint ventures, expecting an increase in future sales and revenue[13]. - The company is actively exploring potential acquisition targets to strengthen its business operations[7]. - The company aims to be the primary supplier of food and beverage materials for all restaurants in the joint venture, which is expected to boost future sales[13]. - The company has entered into a lease agreement for a joint venture restaurant, with a term of three years starting from May 15, 2021[11]. Shareholder and Financial Management - The company acknowledges the support of its shareholders and is dedicated to achieving better business performance and results[8]. - The company successfully raised approximately HKD 39.9 million by issuing 350,000,000 shares at HKD 0.2 per share during its IPO on June 30, 2017[10]. - The company completed the sale of properties for approximately HKD 45.5 million, with about HKD 22.7 million used to repay bank loans, HKD 18.9 million for settling import procurement deposits, and HKD 3.9 million for expanding joint venture operations[39]. - As of December 31, 2022, the company utilized approximately 50% of the proceeds from the property sale for debt repayment and operational expansion[39]. - The company's distributable reserves as of December 31, 2022, were approximately HKD 50,336,000, down from HKD 73,155,000 in 2021[61]. - The board does not recommend any final dividend for the year ended December 31, 2022[60]. Employee and Governance - The group has not entered into any equity-linked agreements during the year ended December 31, 2022[67]. - The company has not redeemed any shares nor purchased or sold any shares during the year ended December 31, 2022[66]. - The board consists of three executive directors, three non-executive directors, and three independent non-executive directors[129]. - The company is committed to providing a safe and healthy work environment, ensuring equal opportunities for all employees[76]. - The group maintains competitive compensation levels, with employee remuneration linked to performance and regular reviews conducted by the compensation committee[78]. - The major shareholder, Jianjing Venture Limited, holds 1,050,000,000 shares, representing 75% of the company's issued share capital as of December 31, 2022[82]. - The company has established a policy to prevent bribery, which all employees are required to follow[112]. - The company has arranged appropriate liability insurance for directors and senior officers to cover responsibilities arising from company affairs[137]. Environmental, Social, and Governance (ESG) - The environmental, social, and governance (ESG) report covers the company's performance in these areas for the period from January 1, 2022, to December 31, 2022[182]. - The total fuel consumption of the company's truck fleet during the reporting period was 17,553 liters[188]. - Greenhouse gas emissions from mobile sources (road transport) included CO2 emissions of 45,830 kg and CH4 emissions of 3 kg[191]. - The company's annual electricity consumption was 1,552,136 kWh, resulting in indirect emissions of 605,333.04 kg of CO2[192]. - The total annual water consumption was 16,738 cubic meters, with an equal amount of wastewater generated[193]. - The company produced a total of 4,740 kg of CO2 emissions from business travel, with significant distances traveled[194]. - The company has implemented measures to reduce emissions, such as minimizing office lighting and air conditioning during lunch hours[198]. - The company has achieved HACCP and GMP certifications for its production plans, ensuring compliance with strict food safety policies[185]. - The company does not generate hazardous waste and manages non-hazardous waste through a property management company[200].

Winning Tower Group Holdings Limited 運 興 泰 集 團 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：8362） 截 至 二 零 二 二 年 十 二 月 三 十 一 日 止 年 度 的 年 度 業 績 公 告 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位，乃為相比起其他在聯交所上市的公司帶有較高投資風險的公司 提供一個上市的市場。有意投資的人士應了解投資於該等公司的潛在風險，並 應經過審慎周詳的考慮後方作出投資決定。GEM的較高風險及其他特色表示 GEM較適合專業及其他經驗豐富的投資者。 由於GEM上市公司新興的性質所然，在GEM買賣的證券可能會較於聯交所主 板買賣之證券承受較大的市場波動風險，同時無法保證在GEM買賣的證券會 有高流通量的市場。 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之內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不對因本公告全 部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 本公告的資料乃遵照GEM證券上市規則而刊載，旨在提供有關本公司的資料； 本公司的 ...

Revenue Performance - For the nine months ended September 30, 2022, the group recorded revenue of approximately HKD 82.5 million, an increase of about 35.9% compared to approximately HKD 60.7 million in the same period last year[13] - The increase in revenue was primarily due to the expansion of fresh and frozen food trade and processing new businesses, with approximately HKD 63.7 million from food processing and trade (including transportation services) and approximately HKD 18.8 million from restaurant operations[13] - The joint venture company generated revenue of approximately HKD 13.6 million for the nine months ended September 30, 2022, representing a 56.3% increase compared to the same period last year[7] - Revenue for the three months ended September 30, 2022, was HKD 26,422,000, representing a 15.4% increase from HKD 22,819,000 in the same period of 2021[33] - Revenue for the nine months ended September 30, 2022, reached HKD 82,523,000, up 36.0% from HKD 60,724,000 in the same period of 2021[33] - The food processing and trading segment generated revenue of HKD 63,675,000, up 50% from HKD 42,343,000 in the previous year[56] - The restaurant operations segment reported revenue of HKD 18,848,000, a slight increase from HKD 18,381,000 in the same period last year[56] Loss and Financial Performance - The group reported a pre-tax loss of approximately HKD 7.2 million for the nine months ended September 30, 2022, an improvement from a pre-tax loss of approximately HKD 12.5 million in the same period last year[14] - The group recorded a net loss of approximately HKD 7.5 million for the nine months ended September 30, 2022, compared to a net loss of approximately HKD 14.0 million in the same period last year[18] - The operating loss before tax for the three months ended September 30, 2022, was HKD 1,584,000, a significant improvement from a loss of HKD 4,842,000 in the same period of 2021[33] - The net loss for the three months ended September 30, 2022, was HKD 1,668,000, compared to a loss of HKD 6,668,000 in the same period of 2021, indicating a 75.0% reduction in losses[34] - Adjusted loss before tax for the nine months ended September 30, 2022, was HKD 7,593,000, compared to a loss of HKD 12,909,000 in the previous year, representing a 41% improvement[62] - For the three months ended September 30, 2022, the company reported a loss attributable to owners of HKD 1,297,000, compared to a loss of HKD 5,842,000 for the same period in 2021, representing a decrease of approximately 77.8%[67] - For the nine months ended September 30, 2022, the loss attributable to owners was HKD 6,498,000, down from HKD 12,660,000 in 2021, indicating a reduction of about 48.7%[67] Expenses and Costs - The cost of consumed inventory for the nine months ended September 30, 2022, was approximately HKD 52.3 million, compared to approximately HKD 33.6 million in the same period last year[14] - Employee benefit expenses increased to approximately HKD 19.4 million for the nine months ended September 30, 2022, from approximately HKD 17.6 million in the same period last year, primarily due to an increase in the number of employees[16] - The cost of goods sold for the three months ended September 30, 2022, was HKD 15,397,000, compared to HKD 12,826,000 in the same period of 2021, reflecting a 20.0% increase[33] - The cost of goods sold for the nine months was HKD 52,259,000, an increase from HKD 33,572,000 in the previous year, reflecting higher sales volume[62] Shareholder Information - As of September 30, 2022, major shareholder Jianjing Venture Limited holds 1,050,000,000 shares, representing 75% of the company's issued share capital[22] - The company has not granted any stock options under its stock option plan since its adoption on June 5, 2017[24] - The company did not declare any dividends for the nine months ended September 30, 2022, consistent with the previous year[12] - The company did not recommend any dividend payment for the nine months ended September 30, 2022, consistent with the previous year[66] Compliance and Governance - The company has adopted a code of conduct for directors' securities transactions, which complies with the GEM Listing Rules[28] - The audit committee, consisting of three independent non-executive directors, has reviewed the report and confirmed compliance with applicable accounting standards[32] Taxation - The company reported a tax credit of HKD 120,000 for the nine months ended September 30, 2022, compared to a tax expense of HKD 1,071,000 in the previous year[62] - The total tax expense for the three months ended September 30, 2022, was HKD (49,000), compared to HKD 1,688,000 in 2021, indicating a significant decrease[67] - The total tax expense for the nine months ended September 30, 2022, was HKD (120,000), down from HKD 1,071,000 in 2021, reflecting a reduction of approximately 111.2%[67] Assets and Equity - The total equity attributable to the owners of the company as of September 30, 2022, was HKD 102,353,000, down from HKD 106,852,000 at the beginning of the year[36] - The company’s total assets as of September 30, 2022, were reported at HKD 99,892,000, reflecting a decrease from HKD 105,366,000 at the beginning of the year[36] Future Outlook - The group continues to adopt a proactive approach to business development to enhance profitability and shareholder value[11] - The company continues to focus on enhancing its food processing and restaurant operations to drive future growth[50] - The group is the main supplier of food and beverage materials for all restaurants under the joint venture, which is expected to enhance future sales and revenue[10]

Revenue Performance - For the six months ended June 30, 2022, the group recorded revenue of approximately HKD 56.1 million, an increase of about 48.0% compared to approximately HKD 37.9 million in the same period last year[14] - The revenue increase was primarily driven by the expansion of fresh and frozen food trade and processing, with approximately HKD 44.8 million from food processing and trade and approximately HKD 11.3 million from restaurant operations[14] - For the six months ended June 30, 2022, total revenue reached HKD 56,101,000, a significant increase of 48.0% compared to HKD 37,905,000 in the same period of 2021[77] - Revenue from food sales reached HKD 44,487,000, up 70.9% from HKD 26,050,000 in the previous year[82] - Restaurant operations generated revenue of HKD 11,311,000, a 8.7% increase compared to HKD 10,402,000 in 2021[82] Profitability and Loss - The group reported an operating loss before tax of approximately HKD 5.6 million, down from approximately HKD 7.7 million in the same period last year[15] - The company recorded a net loss of approximately HKD 5.8 million for the six months ended June 30, 2022, compared to a net loss of approximately HKD 7.3 million in the same period last year[20] - The net loss for the six months ended June 30, 2022, was HKD 5,805,000, compared to a net loss of HKD 7,312,000 for the same period in 2021, indicating a reduction in losses[52] - The adjusted loss before tax for the group was HKD (5,876,000), an improvement from HKD (7,929,000) in the same period last year, reflecting a reduction in losses[77] - The group reported a pre-tax loss of HKD 5,201,000 for the six months ended June 30, 2022, compared to a loss of HKD 6,818,000 in the same period of 2021, reflecting a 23.7% improvement[93] Cost and Expenses - The cost of consumed inventory for the same period was approximately HKD 36.9 million, compared to approximately HKD 20.7 million in the previous year[15] - Employee benefit expenses increased to approximately HKD 12.6 million from approximately HKD 11.0 million in the previous year, mainly due to an increase in the number of employees[17] - The cost of goods sold for the six months ended June 30, 2022, was HKD 36,862,000, representing an increase of 77.6% from HKD 20,746,000 in the previous year[52] Assets and Liabilities - The company's current assets net value as of June 30, 2022, was approximately HKD 16.9 million, down from HKD 20.5 million as of December 31, 2021[22] - Non-current assets decreased to HKD 109,698,000 as of June 30, 2022, from HKD 113,652,000 at the end of 2021, a decline of 3.99%[55] - The company's total liabilities increased to HKD 22,727,000 from HKD 19,718,000, representing a 15.5% rise in current liabilities[55] - Total equity attributable to the owners of the company decreased to HKD 102,984,000 from HKD 106,852,000, a decline of 3.5%[56] Cash Flow - Cash and cash equivalents decreased to HKD 21,562,000 from HKD 23,115,000, a decline of 6.73%[55] - Operating cash flow for the six months was HKD 293,000, down from HKD 1,020,000 in the previous year, indicating a significant decrease of 71%[62] - The net cash flow used in financing activities was HKD (2,339,000), compared to HKD (743,000) in the previous year, indicating a deterioration in financing cash flow[63] Shareholder Information - As of June 30, 2022, the major shareholder, Jianjing Venture Capital Limited, held 1,050,000,000 shares, representing 75% of the company's issued share capital[39] - The company has issued 1,400,000,000 shares with a par value of HKD 0.01 per share, and its capital structure has not changed since its listing[24] Corporate Governance - The company has established an audit committee consisting of three independent non-executive directors to ensure compliance with applicable accounting standards[50] - The company has adopted the corporate governance code as per GEM Listing Rules and has complied with its provisions during the review period[48] Related Party Transactions - Total sales to related party Youxing for the six months ended June 30, 2022, reached HKD 3,513,000, up from HKD 2,856,000 in the same period of 2021, reflecting a growth of approximately 23%[102] - Purchases from related party Guangzhou Ge Yun amounted to HKD 873,000 for the six months ended June 30, 2022, compared to HKD 385,000 in the same period of 2021, an increase of about 127.8%[102] Employee Information - The company employed 78 full-time employees as of June 30, 2022, an increase from 67 employees in the same period last year[34] - Total remuneration for key management personnel for the six months ended June 30, 2022, was HKD 2,501,000, slightly up from HKD 2,457,000 in the same period of 2021[105]