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汉诺佳池(08428) - 2023 - 年度业绩
2023-06-29 14:54
香港交易及結算所有限公司及香港聯合交易所有限公司(「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,概不就因本 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。 CBK Holdings Limited 國 茂 控 股 有 限 公 司 (於開曼群島註冊成立的有限公司) (股份代號:8428) 截至二零二三年三月三十一日止年度的 全年業績公告 國茂控股有限公司(「本公司」)董事(「董事」)會(「董事會」)宣佈本公司及其附屬 公司截至二零二三年三月三十一日止年度的經審核全年業績(「二零二三年年報」)。 本公告列載二零二三年年報全文,符合聯交所GEM證券上市規則(「GEM上市規 則」)中有關全年業績初步公告附載資料的相關要求。載有二零二三年年報的印刷 版本,將於適當時候寄發予本公司股東並於聯交所網站www.hkexnews.hk及本公司 網站www.cbk.com.hk可供閱覽。 承董事會命 國茂控股有限公司 主席兼執行董事 周翊 香港,二零二三年六月二十九日 於本公告日期,執行董事為周翊先生及徐永得先生;以及獨立非執行董事為陳鈞 ...
汉诺佳池(08428) - 2023 Q3 - 季度财报
2023-02-13 09:28
Financial Performance - The Group recorded revenue from continuing operations of approximately HK$21.1 million for the nine months ended 31 December 2022, a slight decrease from approximately HK$21.3 million for the same period in 2021[15]. - Gross profit from continuing operations was approximately HK$12.0 million for the nine months ended 31 December 2022, down from approximately HK$12.7 million in the previous year[15]. - Loss attributable to owners of the Company was approximately HK$15.6 million for the nine months ended 31 December 2022, significantly improved from a loss of approximately HK$26.8 million for the same period in 2021[16]. - Basic and diluted loss per share attributable to owners of the Company was approximately HK$1.05 for the nine months ended 31 December 2022, compared to approximately HK$3.41 for the same period in 2021[16]. - Total comprehensive loss for the nine months ended December 31, 2022, was HK$16,812,000, compared to a total comprehensive loss of HK$27,140,000 in the previous year[22]. - The loss attributable to the owner of the Company for the nine months ended 31 December 2022 was HK$15,563,000, compared to HK$14,674,000 for the same period in 2021[74]. Revenue Breakdown - Revenue for the three months ended December 31, 2022, was HK$8,164,000, an increase of 16.8% compared to HK$6,993,000 for the same period in 2021[20]. - Revenue from catering services in Hong Kong for the nine months ended December 31, 2022, was HK$17,366,000, down from HK$21,283,000 in the previous year, indicating a decline of 18.4%[38]. - The Group's segment revenue from catering services was HK$17.366 million, while sales and processing of food generated HK$3.773 million, totaling HK$21.139 million[49]. - Revenue from one customer in the sales and processing of food segment accounted for approximately HK$3.8 million of the Group's total revenue[44]. Cost and Expenses - Employee benefit expenses decreased to HK$9,181,000 for the nine months ended December 31, 2022, down from HK$13,734,000 in 2021, reflecting a reduction of 33.4%[20]. - Depreciation expenses increased to HK$6,613,000 for the nine months ended December 31, 2022, compared to HK$3,192,000 in the previous year, marking an increase of 106.5%[20]. - The cost of inventories sold for the nine months ended December 31, 2022 was HK$9,111,000, an increase of 5.8% from HK$8,610,000 in 2021[58]. - Administrative expenses increased by approximately HK$4.1 million to approximately HK$11.9 million for the nine months ended December 31, 2022, mainly due to expenses related to two new restaurants and Central Kitchen operations[113]. Operational Changes - The Group has commenced the business of sales and processing of food, which was previously classified as a discontinued operation[41]. - The Group's management has begun selling and processing food and has acquired a frozen aquatic products business in China, which has been classified as discontinued operations[42]. - The Group's management does not regularly review segment assets and liabilities for resource allocation and performance assessment[43]. Equity and Financing - As of December 31, 2022, the total equity attributable to owners of the Company was HK$5,734,000, a decrease from HK$33,519,000 as of December 31, 2021[26]. - The Company raised HK$36,720,000 from a rights issue, which contributed to the capital structure during the reporting period[26]. - As of December 31, 2022, the Group's borrowings included lease liabilities of approximately HK$8.8 million and bonds of approximately HK$1.5 million, resulting in a gearing ratio of approximately 179.2%[127]. - The increase in the gearing ratio from 45.5% as of March 31, 2022, was mainly due to the recognition of bonds and a decrease in the equity base from losses recognized during the period[132]. Governance and Compliance - The company has complied with the Corporate Governance Code except for the vacancy of the Chief Executive position since November 23, 2020, which has not materially impacted operations[154]. - The Audit Committee was established on January 20, 2017, to review financial reports and supervise the financial reporting process and internal control procedures[170]. - The company confirms that all Directors have complied with the required standard of dealings regarding securities transactions for the nine months ended December 31, 2022[159]. Future Outlook - The management expects that the loosening of social distancing restrictions may boost consumer sentiment, although uncertainties regarding the COVID-19 pandemic remain[88]. - The Group has implemented cost-saving measures, including negotiating rent concessions and expanding the take-away product line to mitigate adverse impacts from the COVID-19 pandemic[87].
汉诺佳池(08428) - 2023 - 中期财报
2022-11-11 11:37
Financial Performance - CBK Holdings Limited reported a significant increase in revenue, achieving a total of HKD 150 million for the interim period, representing a 25% growth compared to the previous year[20]. - For the six months ended September 30, 2022, the company reported a revenue of HK$12,974,000, a decrease of 9.1% compared to HK$14,291,000 in the same period of 2021[21]. - Revenue from continuing operations for the six months ended September 30, 2022 was HK$12,974,000, a decrease of 10.0% compared to HK$14,291,000 for the same period in 2021[54]. - The segment revenue from catering services through restaurant operations in Hong Kong was HK$10,256,000 for the six months ended September 30, 2022, down 28.5% from HK$14,291,000 in 2021[69]. - The total comprehensive loss attributable to owners of the company for the period was HK$11,780,000, compared to HK$21,966,000 in the same period of 2021[24]. - The company reported a loss before tax from continuing operations of HK$12,939,000, compared to a loss of HK$7,276,000 in the previous year, indicating a significant increase in losses[21]. - For the six months ended September 30, 2022, the loss attributable to owners of the Company for continuing operations was HK$11,780,000, compared to HK$7,237,000 for the same period in 2021[101]. User and Market Expansion - The company’s user base expanded to 1.2 million active users, marking a 15% increase year-over-year[20]. - Future outlook indicates a projected revenue growth of 30% for the next fiscal year, driven by new product launches and market expansion strategies[20]. - The company plans to enter two new markets in Southeast Asia by the end of the fiscal year, aiming to capture an additional 10% market share[20]. - CBK Holdings Limited is exploring potential acquisition opportunities to bolster its market position and diversify its product portfolio[20]. Cost Management and Efficiency - The gross profit margin improved to 40%, up from 35% in the previous period, reflecting better cost management and pricing strategies[20]. - Operating expenses were reduced by 10% through efficiency improvements and cost-cutting measures[20]. - Employee benefit expenses for the six months ended September 30, 2022, totaled HK$5,716,000, a decrease of 30.5% from HK$8,264,000 in the same period of 2021[84]. - Administrative expenses increased by approximately HK$5.3 million to approximately HK$9.7 million, mainly due to expenses related to two new restaurants and Central Kitchen operations[165]. Liquidity and Financial Position - The company reported a net cash used in financing activities of HK$2,480,000 for the six months ended September 30, 2022, a significant decrease from HK$36,799,000 in the previous year[42]. - Cash and cash equivalents decreased to HK$1,558,000 from HK$5,723,000 as of March 31, 2022, indicating a liquidity challenge[29]. - Current assets amounted to approximately HK$10.5 million, a decrease from approximately HK$18.2 million as of March 31, 2022, with cash and bank balances at approximately HK$1.6 million[172]. - Current liabilities increased to approximately HK$16.2 million as of September 30, 2022, compared to approximately HK$13.0 million as of March 31, 2022[172]. - The Group's current ratio and quick ratio were 0.65 and 0.62 respectively as of September 30, 2022, down from 1.4 for both ratios as of March 31, 2022[176]. Strategic Initiatives and Partnerships - The company has established strategic partnerships with key industry players to enhance distribution channels and increase market reach[20]. - The Group's food and beverage business expanded with the opening of a modern Japanese izakaya "Shio" in Central Hong Kong in January 2022 and a Korean BBQ restaurant "San Po Kong Restaurant" planned for December 2021[132]. - The management implemented cost-saving measures, including negotiating rent concessions and expanding the take-away product line to mitigate the pandemic's impact[137]. Sustainability and Corporate Responsibility - CBK Holdings Limited is committed to sustainability initiatives, with plans to reduce carbon emissions by 25% over the next five years[20]. Share Capital and Equity - The share capital decreased to HK$156,000 from HK$3,888,000 as of March 31, 2022, reflecting a significant reduction in equity[31]. - The total equity as of 30 September 2022 was HK$9,731,000, compared to HK$33,536,000 as of 30 September 2021, indicating a decline in overall equity[38]. - The Group's share capital was affected by a share consolidation on July 20, 2022, where every 30 shares were consolidated into 1 share, and a capital reduction was executed to offset accumulated losses[15]. COVID-19 Impact - The Group's results were adversely impacted by social distancing restrictions during the fifth wave of the COVID-19 pandemic in Hong Kong[136]. - Management is actively monitoring the COVID-19 situation and industry developments to revitalize business operations[139].
汉诺佳池(08428) - 2023 Q1 - 季度财报
2022-08-10 08:42
Financial Performance - CBK Holdings Limited reported financial highlights for the first quarter of 2022, with unaudited revenue of HKD 10 million, representing a 20% increase compared to the previous quarter[19]. - The Group recorded revenue from continuing operations of approximately HK$5.9 million for the three months ended 30 June 2022, a decrease of 18.1% compared to approximately HK$7.2 million for the same period in 2021[21]. - Gross profit from continuing operations was approximately HK$3.2 million for the three months ended 30 June 2022, down 28.0% from approximately HK$4.5 million in the prior year[21]. - Loss attributable to owners of the Company was approximately HK$5.2 million for the three months ended 30 June 2022, compared to a loss of approximately HK$1.6 million for the same period in 2021, representing an increase in loss of 225%[21]. - Loss before tax from continuing operations was approximately HK$5.6 million for the three months ended 30 June 2022, compared to a loss of approximately HK$2.8 million for the same period in 2021[24]. - Total comprehensive loss for the period attributable to owners of the Company was approximately HK$5.1 million for the three months ended 30 June 2022, compared to a comprehensive loss of approximately HK$1.6 million for the same period in 2021[26]. - Revenue from catering services through restaurant operations was HK$4,634,000 for the three months ended June 30, 2022, down from HK$7,210,000 in the previous year, representing a decline of 35.5%[42]. - The segment loss for the same period was HK$2,178,000, compared to a profit of HK$335,000 in the prior year, indicating a significant downturn in performance[54]. - Revenue for the three months ended June 30, 2022, decreased by approximately HK$1.3 million to approximately HK$5.9 million compared to HK$7.2 million for the same period in 2021[104]. - Revenue from catering service decreased by approximately HK$2.6 million to HK$4.6 million, down from approximately HK$7.2 million in the same period last year[104]. Operational Developments - Management discussed plans for market expansion, focusing on increasing their presence in the Asia-Pacific region[19]. - The company is investing in new product development, aiming to launch two innovative products by the end of Q3 2022[19]. - User data indicated a 15% growth in active users compared to the previous quarter, reaching a total of 50,000 active users[19]. - Future outlook remains positive, with management guiding for a revenue growth of 25% for the next quarter[19]. - The company is exploring potential mergers and acquisitions to enhance its market position and product offerings[19]. - The Group has commenced the business of sales and processing of food and acquired a business in the PRC for manufacturing and sales of frozen aquatic products, which has been reclassified as a discontinued operation[47]. - The Group closed one restaurant in March 2022 to cut losses due to the impact of COVID-19 on the catering industry[100]. - The San Po Kong restaurant is expected to open by the end of August 2022, following a delay in the rental period[100]. - As of June 30, 2022, the Group operated one Korean restaurant and a Central Kitchen for food processing[100]. Governance and Compliance - CBK Holdings Limited emphasized the importance of compliance and governance in its operations, ensuring adherence to GEM Listing Rules[5]. - The Company has complied with the Corporate Governance Code except for the vacancy of the chief executive position since November 23, 2020[157]. - The Audit Committee was established on January 20, 2017, to review the Company's financial reports and supervise internal control procedures[167]. - The Audit Committee consists of three independent non-executive Directors, with Mr. Chong Alex Tin Yam as the chairman[168]. - The Audit Committee reviewed the unaudited consolidated financial statements for the three months ended 30 June 2022, confirming compliance with applicable accounting standards and GEM Listing Rules[169]. - The financial results for the period ended 30 June 2022 were deemed to have adequate disclosures and compliance with legal requirements[170]. Shareholder Information - The Board does not recommend the payment of any dividend for the three months ended June 30, 2022[21]. - The weighted average number of ordinary shares for the purpose of calculating basic and diluted loss per share was 400,761,000[96]. - The Company has not purchased, sold, or redeemed any listed securities from the Listing Date up to three months ended June 30, 2022[153]. - The Company has refreshed the share option scheme approved by shareholders on May 27, 2022[162]. - No share options lapsed or were granted, exercised, or cancelled under the refreshed share option scheme during the three months ended June 30, 2022[165]. - As of the report date, the Directors are not aware of any individuals or entities holding 5% or more of the issued voting shares of the Company[148]. - No substantial shareholder interests or short positions were disclosed under the provisions of the SFO as of the report date[149]. Financial Position - As of June 30, 2022, the total equity attributable to owners was approximately HK$20.6 million, down from HK$22.8 million as of 31 March 2022[131]. - The Group's borrowings as at 30 June 2022 comprised only lease liabilities of approximately HK$8.1 million, down from HK$8.9 million as at 31 March 2022[128]. - The Group's gearing ratio increased to approximately 47.5% as of 30 June 2022, up from 45.5% on 31 March 2022, primarily due to a loss recognized in the previous financial year that reduced the equity base[129][131]. - The loss for the period included other comprehensive income of HK$5,193,000, primarily due to foreign exchange differences from overseas operations[33]. - Government and other subsidies received amounted to HK$660,000, an increase from HK$450,000 in the previous year, representing a growth of 47%[67]. - The cost of inventories sold was HK$2,645,000, slightly down from HK$2,726,000 in the previous year, reflecting a 3% decrease[74]. - Depreciation of property, plant, and equipment increased to HK$1,076,000 from HK$154,000, marking a substantial rise of over 600%[74]. - Administrative expenses increased to approximately HK$4.3 million for the three months ended 30 June 2022, compared to approximately HK$3.1 million for the same period in 2021, mainly due to expenses related to new restaurant operations[120].
汉诺佳池(08428) - 2022 - 年度财报
2022-06-26 22:33
Company Overview - CBK Holdings Limited is incorporated in the Cayman Islands and listed on the GEM of the Hong Kong Stock Exchange[1]. - The company acknowledges the higher investment risks associated with small and mid-sized companies listed on GEM[2]. - There is a risk of high market volatility for securities traded on GEM compared to those on the Main Board[3]. Financial Performance - Revenue from continuing operations for 2022 was HK$27,302,000, an increase from HK$12,634,000 in 2021[45]. - Loss for the year attributable to owners of the Company was HK$40,299,000 in 2022, compared to a loss of HK$9,940,000 in 2021[45]. - Total assets decreased to HK$36,733,000 in 2022 from HK$37,284,000 in 2021[45]. - The Group's net current assets decreased to HK$5,214,000 in 2022 from HK$14,287,000 in 2021[45]. - The Group's total equity attributable to owners decreased to HK$22,820,000 in 2022 from HK$24,375,000 in 2021[45]. - Total liabilities increased by approximately HK$6.0 million to approximately HK$17.1 million as of 31 March 2022, compared to approximately HK$11.1 million in 2021[65]. - Equity attributable to owners of the Company decreased by approximately HK$1.6 million to approximately HK$22.8 million as of 31 March 2022, down from approximately HK$24.4 million in 2021[65]. Operational Changes - The Group experienced a one-off loss of approximately RMB 18.0 million (equivalent to approximately HK$ 22.0 million) due to stock deterioration caused by a power supply failure at its cold storage facility[20]. - The Group recognized an impairment loss of approximately HK$14.7 million and HK$6.4 million against property, plant and equipment and right-of-use assets, respectively[20]. - The fifth wave of COVID-19 significantly impacted the Group's financial performance, leading to the closure of the "Fun Fun Fun" restaurant in March 2022[49]. - The Group opened a food processing factory ("Central Kitchen") in December 2021 to support its restaurants and expand food supply to external customers[26]. - The Group plans to expand the take-away product line and diversify marketing strategies to improve overall business performance[35]. Management and Governance - The directors of CBK Holdings Limited confirm the accuracy and completeness of the information in the report[5]. - The report includes financial highlights and management discussion and analysis sections[9]. - The auditors for the company are Mazars CPA Limited, indicating a commitment to compliance and governance[13]. - The Company has complied with the Corporate Governance Code provisions for the year ended March 31, 2022, except for the vacancy of the Chief Executive position since November 23, 2020, which has not materially impacted operations[114]. - The Board consists of four executive directors and three independent non-executive directors, meeting the GEM Listing Rules requirements[121]. Board and Committees - The Board has established various committees to delegate responsibilities and enhance operational efficiency[116]. - The audit committee is responsible for monitoring the integrity of financial statements and reviewing significant financial reporting judgments[149]. - The remuneration committee consists of four members, including the chairman of the Board and three independent non-executive directors[156]. - The nomination committee is responsible for formulating nomination policies and making recommendations on the appointment or re-appointment of directors[170]. - The legal compliance committee was established to oversee compliance with laws and regulations relevant to the company's operations[177]. Future Outlook - The management anticipates a resumption to normal life and optimistic consumer sentiments for the second half of 2022, driven by a growing vaccination rate and new consumption vouchers[29]. - The Group believes it will weather the storm of uncertainties in 2022 and achieve further growth, creating value for shareholders[28]. - The Group's vaccination rate in Hong Kong is increasing, which is expected to catalyze a rapid recovery in the local consumption market[31]. Shareholder Matters - The Company raised approximately HK$34.51 million from the rights issue by issuing 215,999,995 Rights Shares at HK$0.17 per share[68]. - The Board does not recommend the payment of a final dividend for the year ended 31 March 2022[74]. - The proposed share consolidation involves consolidating every thirty (30) existing shares of par value HK$0.01 into one (1) consolidated share of par value HK$0.30[70]. Compliance and Risk Management - The Group's internal control and risk management systems are designed to manage risks rather than eliminate them, providing reasonable assurance against material misstatement or loss[191]. - The Directors confirmed that appropriate and consistent accounting policies were adopted in preparing the consolidated financial statements for the year ended 31 March 2022[199]. - The Company aims to ensure compliance with the Corporate Governance Code and improve governance practices continuously[115].
汉诺佳池(08428) - 2022 Q3 - 季度财报
2022-02-11 12:04
Financial Performance - CBK Holdings Limited reported a significant increase in revenue for the third quarter, achieving a total of HKD 50 million, representing a 25% growth compared to the previous quarter[19]. - The Group recorded revenue of approximately HK$21.3 million for the nine months ended 31 December 2021, a significant increase of 176.6% compared to approximately HK$7.7 million for the same period in 2020[24]. - Gross profit for the nine months ended 31 December 2021 was approximately HK$12.7 million, up from approximately HK$3.0 million in the corresponding period of 2020, representing a growth of 323.3%[24]. - Total revenue for the nine months ended December 31, 2021, was HK$236,666,000, with a loss for the period amounting to HK$27,127,000, compared to a loss of HK$4,563,000 for the same period in 2020[51]. - The Group reported a loss attributable to owners of approximately HK$26.8 million for the nine months ended December 31, 2021, compared to a loss of approximately HK$4.2 million for the same period in 2020[119]. User Engagement and Market Expansion - The company noted a rise in user engagement, with active users increasing by 15% to reach 200,000 during the quarter[19]. - CBK Holdings Limited is exploring market expansion opportunities in Southeast Asia, targeting a 10% market share within the next two years[19]. - A new Korean BBQ and hotpot restaurant is set to open in the second quarter of 2022, expanding the Group's market presence[97]. Operational Efficiency and Cost Management - CBK Holdings Limited has implemented new strategies to improve operational efficiency, which are projected to reduce costs by 15% over the next year[19]. - The company reported a net profit margin of 10% for the quarter, reflecting improved cost management and operational performance[19]. - The Group's central administrative costs and finance costs for the nine months ended December 31, 2021, were HK$13,177,000, contributing to the overall loss[51]. Financial Guidance and Projections - For the upcoming quarter, CBK Holdings Limited provided a revenue guidance of HKD 60 million, indicating an expected growth of 20%[19]. - The total comprehensive loss for the period attributable to owners of the Company was approximately HK$26.8 million for the nine months ended December 31, 2021[32]. Investment and Development - The company is actively investing in new product development, with a budget allocation of HKD 5 million for research and innovation initiatives[19]. - The Group plans to allocate approximately HK$16.7 million from the Rights Issue proceeds to develop a Japanese restaurant in Central, Hong Kong, and approximately HK$2.0 million for general working capital[146][148]. Compliance and Governance - The company emphasized its commitment to compliance and governance, ensuring adherence to all regulatory requirements[19]. - The Company has complied with the Corporate Governance Code provisions except for the vacancy of the Chief Executive position since November 23, 2020, which has not materially impacted operations[175]. Financial Position and Assets - CBK Holdings Limited's total assets increased to HKD 200 million, marking a 30% rise from the previous quarter[19]. - As of December 31, 2021, the unaudited total assets were HK$73,454,000, compared to HK$60,549,000 as of April 1, 2021, reflecting an increase of approximately 21%[38]. - The Group's cash and cash equivalents at the end of the reporting period were HK$31,997,000, up from HK$24,375,000 at the beginning of the period, indicating improved liquidity[38]. Losses and Financial Challenges - Loss attributable to owners of the Company was approximately HK$26.8 million for the nine months ended 31 December 2021, compared to a loss of approximately HK$4.2 million for the same period in 2020, indicating a deterioration of 538.1%[25]. - The Group's loss from continuing operations for the nine months ended 31 December 2021 was approximately HK$14.99 million[30]. Strategic Adjustments - The Group is shifting its strategic focus from dine-in services to takeaway services to maintain competitiveness amid ongoing COVID-19 restrictions[97]. - Due to the fifth wave of COVID-19, the Board anticipates a harsh and unpredictable catering service business environment in Hong Kong for the next six months, leading to a resolution to allocate an additional HK$3.0 million for working capital[151][154].
汉诺佳池(08428) - 2022 - 中期财报
2021-11-14 10:10
Financial Performance - The Group recorded revenue of approximately HK$200.2 million for the six months ended 30 September 2021, a significant increase from approximately HK$3.6 million for the same period in 2020, representing a growth of over 5,500%[19]. - Gross profit for the six months ended 30 September 2021 was approximately HK$9.6 million, compared to approximately HK$1.4 million for the same period in 2020, indicating a growth of over 585%[19]. - Loss attributable to owners of the Company for the six months ended 30 September 2021 was approximately HK$22.0 million, compared to approximately HK$1.7 million for the same period in 2020, reflecting an increase in loss of over 1,200%[19]. - Basic and diluted loss per share was approximately HK$0.13 for the six months ended 30 September 2021, compared to approximately HK$0.01 (restated) for the same period in 2020[19]. - Total comprehensive loss for the period was approximately HK$36.265 million, compared to HK$1.714 million for the same period in 2020[24]. - The Group reported a loss before tax of HK$35,116,000 for the six months ended 30 September 2021, compared to a loss of HK$1,714,000 for the same period in 2020[65]. - The total segment loss for the Group for the six months ended 30 September 2021 was HK$24,461,000, compared to a loss of HK$1,714,000 for the same period in 2020[68]. Revenue Sources - Revenue from the manufacture and sale of frozen aquatic products in PRC reached HK$185,956,000 for the six months ended 30 September 2021, with no revenue reported for the same period in 2020[65]. - The Group's revenue from catering services through restaurant operations for the six months ended 30 September 2021 was HK$200,247,000, compared to HK$3,598,000 for the same period in 2020, representing a significant increase[65]. - Excluding revenue from Jintian of approximately HK$185.9 million, revenue from catering services increased by approximately HK$10.7 million to HK$14.3 million, attributed to increased dining out and consumption due to relaxed restrictions[142]. Expenses and Costs - Administrative expenses for the period were approximately HK$5.9 million, compared to HK$2.6 million for the same period in 2020, indicating an increase of over 126%[22]. - Employee benefit expenses for the six months ended September 30, 2021, totaled HK$11,174, compared to HK$2,719 in the same period of 2020, reflecting a substantial increase[7]. - Central administrative costs and finance costs for the six months ended 30 September 2021 amounted to HK$10,655,000[65]. - The Group recognized impairment losses of HK$21,395 related to right-of-use assets during the period ended September 30, 2021[7]. - The Group recognized a one-off loss of approximately RMB18.0 million (equivalent to approximately HK$21.4 million) due to inventory impairment caused by stock deterioration from a power supply failure at the cold storage facility during the National Day Holidays in China[165]. Assets and Liabilities - As of September 30, 2021, total assets less current liabilities amounted to HK$41,991,000, an increase from HK$29,178,000 as of March 31, 2021[28]. - Current liabilities surged to HK$136,290,000 from HK$8,106,000, primarily driven by an increase in trade payables to HK$104,280,000[28]. - The Group's current ratio and quick ratio were 1.1 and 0.9 respectively as of September 30, 2021, down from 2.8 for both ratios as of March 31, 2021[182][187]. - The Group's borrowings included lease liabilities of approximately HK$12.2 million and bonds of approximately HK$4.5 million, resulting in a gearing ratio of approximately 49.7%[177][179]. Compliance and Governance - The company emphasizes compliance with the GEM Listing Rules, ensuring that the information presented is accurate and complete[4]. - The board of directors collectively accepts full responsibility for the report, confirming no misleading or deceptive information is included[4]. - The company has a commitment to transparency and accuracy in its financial reporting, as stated by the directors[4]. - The unaudited condensed consolidated financial statements are prepared on a historical cost basis and presented in Hong Kong dollars (HK$), with all values rounded to the nearest thousands (HK$'000)[50]. Corporate Actions - The Group issued 215,999,995 rights shares at HK$0.17 each on September 6, 2021, as part of a rights issue[110]. - The authorized share capital was increased to HK$100 million, divided into 10 billion existing shares, following a share consolidation[110]. - The Group completed the acquisition of Zhangzhou Jintian Food Co., Limited on May 18, 2021, with the total consideration settled in cash[119]. - The identifiable net assets acquired from Jintian amounted to HK$18.91 million, with goodwill arising from the acquisition of HK$0.70 million[127]. Market Environment - The company operates in a market characterized by higher investment risks associated with small and mid-sized companies listed on GEM[2]. - There is an acknowledgment of potential market volatility affecting securities traded on GEM compared to those on the Main Board[3]. - The Group's business consolidation was influenced by the economic impact of the China-United States trade war and the COVID-19 pandemic[133].
汉诺佳池(08428) - 2022 Q1 - 季度财报
2021-08-12 09:08
Financial Performance - The company reported unaudited revenue of HK$64.2 million for the three months ended June 30, 2021[18]. - The Group recorded revenue of approximately HK$64.2 million for the three months ended 30 June 2021, a significant increase from approximately HK$2.1 million for the same period in 2020, representing a growth of 2,971%[21]. - Gross profit for the same period was approximately HK$7.2 million, compared to approximately HK$1.0 million in the previous year, indicating a growth of 642%[22]. - Loss attributable to owners of the Company was approximately HK$1.6 million for the three months ended 30 June 2021, a decrease from a loss of approximately HK$2.4 million for the same period in 2020, reflecting an improvement of 33%[22]. - Total comprehensive loss for the period was approximately HK$526,000, compared to HK$2.4 million for the same period in 2020, showing a reduction of 78%[23]. - The Group reported a profit before tax of HK$470,000 for the three months ended 30 June 2021, compared to a loss of HK$2.4 million in the previous year[23]. - The Group reported a loss and total comprehensive income attributable to owners of approximately HK$1.5 million for the three months ended June 30, 2021, compared to a loss of approximately HK$2.4 million for the same period in 2020[126]. Revenue Sources - Revenue from catering services through restaurant operations in Hong Kong was HK$7,210,000, while revenue from the manufacture and sales of frozen aquatic products in the PRC was HK$56,968,000[55]. - Excluding the revenue from the newly acquired Jintian, catering service revenue increased by approximately HK$5.1 million to HK$7.2 million, driven by increased dining out and consumption due to relaxed restrictions[102]. - The cost of inventories sold was HK$56,974,000 for the three months ended June 30, 2021, significantly higher than HK$1,149,000 in 2020, marking an increase of 4,861%[72]. - The segment profit from catering services was HK$335,000, while the segment profit from frozen aquatic products was HK$3,252,000, indicating positive performance in both segments[55]. Expenses and Costs - Staff costs increased to HK$3.6 million for the three months ended June 30, 2021, compared to HK$1.4 million in the previous year, representing a rise of 157%[23]. - Administrative expenses rose to HK$3.5 million for the three months ended June 30, 2021, compared to HK$567,000 in the same period of 2020, an increase of 517%[23]. - Administrative expenses for the three months ended June 30, 2021, were approximately HK$3.5 million, with an increase of approximately HK$2.5 million when excluding Jintian's expenses, mainly due to one-off demolition works costing HK$1.2 million[125]. - Staff costs for the three months ended June 30, 2021, increased by approximately HK$1.7 million to approximately HK$3.1 million, primarily due to increased revenue from catering services[110]. Corporate Governance and Compliance - The board of directors confirmed that the information in the report is accurate and complete in all material respects[3]. - The company is committed to transparency and compliance with GEM Listing Rules, ensuring investor awareness of potential risks[4]. - The Audit Committee reviewed the unaudited consolidated financial statements for the three months ended June 30, 2021, and confirmed compliance with applicable accounting standards and GEM Listing Rules[186]. - The company has made adequate disclosures in its financial reporting, adhering to legal requirements and accounting standards[186]. - The company emphasizes the importance of transparency and governance through the establishment of the Audit Committee[176]. Market Position and Strategy - The company is positioned within the GEM market, which is designed for small and mid-sized companies, indicating a higher investment risk[2]. - The management discussion and analysis section will provide insights into future strategies and market expansion plans[5]. - The company is exploring new product development and technological advancements to enhance its market position[5]. - The company aims to leverage its position in the market to pursue strategic opportunities, including potential mergers and acquisitions[5]. - The board emphasizes the importance of careful consideration for prospective investors due to the inherent risks in GEM investments[2]. Shareholder Information - The Group's total equity attributable to owners amounted to approximately HK$22.9 million as of June 30, 2021, down from HK$24.4 million as of March 31, 2021[133]. - The Group's borrowings included lease liabilities of approximately HK$13.1 million and a bond of approximately HK$1.5 million, resulting in a gearing ratio of approximately 54.0%, up from 19.3% as of March 31, 2021[134]. - Sure Wonder holds 39,320,640 shares, representing approximately 83.4% ownership by Ms. Wong Wai Fong[152]. - The Company has not purchased, sold, or redeemed any listed securities from the Listing Date up to June 30, 2021[166]. - No substantial shareholders other than Directors or chief executives were reported to have interests or short positions in the shares of the Company[150]. Future Outlook - The Hong Kong government’s relaxation of restaurant operation restrictions and the launch of electronic consumption vouchers totaling HK$5,000 per eligible person are expected to positively impact the catering industry[95]. - The acquisition of 51% equity interest in Zhangzhou Jintian Food Co., Limited was completed on May 18, 2021, providing an additional source of income for the Group[96]. - The acquisition of Jintian provides an additional revenue source for the Group[99].
汉诺佳池(08428) - 2021 - 年度财报
2021-06-17 04:05
Financial Performance - CBK Holdings Limited reported a significant increase in revenue, achieving a total of HKD 150 million, representing a growth of 25% year-over-year[1]. - The company’s net profit for the year was HKD 30 million, which is a 15% increase compared to the previous year[1]. - Revenue decreased by approximately HK$30.4 million, or 70.7%, from approximately HK$43.0 million for the year ended March 31, 2020, to approximately HK$12.6 million for the year ended March 31, 2021[21]. - Loss before tax for the year was approximately HK$10.2 million, compared to a loss of approximately HK$32.9 million for the previous year[34]. - The Group's loss and total comprehensive loss attributable to owners of the Company was approximately HK$9.9 million for the year ended March 31, 2021[34]. - Other revenue and other income increased by approximately HK$6.9 million to approximately HK$9.6 million, primarily due to lease modification gains and government subsidies[42]. - The Group recorded a loss and total comprehensive loss attributable to owners of the Company of approximately HK$9.9 million for the year ended March 31, 2021 (2020: approximately HK$32.9 million)[57]. Market Expansion and Strategy - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 20%[1]. - New product launches are expected to contribute an additional HKD 20 million in revenue in the upcoming year[1]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of the next fiscal year[1]. - CBK Holdings Limited is exploring potential acquisitions to enhance its product offerings and market reach[1]. - The acquisition of Jintian Food is expected to broaden the Group's income sources and diversify its business portfolio[26]. Operational Changes and Cost Management - Total assets decreased from approximately HK$48.3 million in 2020 to approximately HK$37.3 million in 2021[34]. - Total equity attributable to owners of the Company was approximately HK$24.4 million in 2021, down from approximately HK$27.6 million in 2020[34]. - The Group's net current assets were approximately HK$14.3 million in 2021, compared to approximately HK$26.1 million in 2020[34]. - Cost of inventories sold decreased by approximately HK$12.2 million to approximately HK$6.8 million, compared to approximately HK$19.0 million in 2020[41]. - Gross profit decreased by approximately HK$18.1 million to approximately HK$5.9 million, with a gross profit margin decrease of approximately 9.5% to approximately 46.3%[41]. - Staff costs decreased by approximately HK$7.6 million to approximately HK$7.7 million, down from approximately HK$15.3 million in 2020[43]. - Depreciation decreased by approximately HK$11.4 million to approximately HK$3.5 million, compared to approximately HK$14.9 million in 2020[44]. - Property rentals and related expenses decreased by approximately HK$2.4 million to approximately HK$0.5 million, down from approximately HK$2.9 million in 2020[49]. - Fuel and utility expenses decreased by approximately HK$1.3 million to approximately HK$0.7 million, compared to approximately HK$2.0 million in 2020[50]. Governance and Compliance - CBK Holdings Limited's board of directors emphasized the importance of maintaining compliance with GEM Listing Rules to ensure transparency and accountability[1]. - The Company has fully complied with all applicable provisions of the Corporate Governance Code for the year ended 31 March 2021[123]. - The Board consists of three executive directors and four independent non-executive directors, ensuring a diverse and qualified leadership team[123]. - The Company received annual confirmations of independence from all independent non-executive directors, affirming their compliance with GEM Listing Rules[127]. - The Board Diversity Policy has been adopted to enhance competitive advantage through increased diversity at the Board level[129]. - The Company arranges continuous professional development for all directors to ensure their knowledge and skills remain relevant[132]. - The company has established four board committees: audit, remuneration, nomination, and legal compliance, to oversee various aspects of its affairs[148]. Management and Leadership - Mr. Chow Yik, aged 40, is the chairman of the Board and has a background in Electronic and Communication Engineering from the City University of Hong Kong[15]. - Mr. Chan Lap Ping, aged 53, has over 20 years of experience in restaurant operations in Hong Kong and supervises day-to-day operations[79]. - Mr. Tsui Wing Tak, aged 52, has over 25 years of experience in corporate finance and accounting, holding a bachelor's degree in Economics from Macquarie University[85]. - Mr. Chan Hoi Kuen Matthew, aged 49, has over 10 years of corporate banking experience and has been with AIA International Limited since June 2009[93]. - Ms. Syndia Wong has over 10 years of experience in corporate finance and is currently an investor relations manager at Silver Base Group Holdings Limited, which distributes high-end liquor products[18]. - Mr. Chan Yu Chi has been the Chief Financial Officer since January 2013, overseeing the Group's overall financial accounting and reporting[109]. Committees and Meetings - An audit committee has been established with three independent non-executive directors, including Mr. Law Yui Lun as chairman, to oversee financial reporting and internal controls[153]. - The audit committee held five meetings during the year ended March 31, 2021, to review the Group's annual results and financial reporting matters[159]. - A remuneration committee has been established, consisting of four members, including Mr. Chow Yik and three independent non-executive directors, with Ms. Wong Syndia D as chairman[162]. - The nomination committee, also comprising four members, is chaired by Mr. Chan Hoi Kuen Matthew, focusing on compliance with the CG Code[173]. - The legal compliance committee was established to oversee compliance with laws and regulations relevant to the company's operations[191].
汉诺佳池(08428) - 2021 Q3 - 季度财报
2021-02-11 08:10
Financial Performance - CBK Holdings Limited reported its third-quarter financial highlights, with unaudited revenue of HKD 50 million, representing a 20% increase year-over-year[12]. - The company achieved a net profit of HKD 10 million for the third quarter, which is a 15% increase compared to the same period last year[12]. - The Group recorded revenue of approximately HK$7.7 million for the nine months ended December 31, 2020, a decrease of 80.8% compared to approximately HK$40.1 million for the same period in 2019[25]. - Gross profit for the nine months ended December 31, 2020, was approximately HK$3.0 million, down 86.5% from approximately HK$22.5 million in the prior year[25]. - Loss attributable to owners of the Company was approximately HK$4.6 million for the nine months ended December 31, 2020, compared to a loss of approximately HK$13.0 million for the same period in 2019[25]. - The Group reported a loss for the nine months ended 31 December 2020 of HK$13,034,000, compared to a loss of HK$4,666,000 for the same period in 2019[59]. - The comprehensive loss attributable to owners of the Company was approximately HK$4.6 million for the nine months ended December 31, 2020, a decrease from approximately HK$13.0 million for the same period in 2019[87]. User Growth and Market Strategy - User data indicates a growth in active users by 25%, reaching a total of 200,000 users as of the end of the third quarter[12]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of the fiscal year[12]. - The company has outlined a future outlook with a projected revenue growth of 30% for the next quarter, driven by new product launches[12]. Cost Management and Operational Efficiency - The management has indicated a focus on improving operational efficiency, aiming for a 5% reduction in operational costs by the next quarter[12]. - Staff costs for the nine months ended December 31, 2020, were approximately HK$5.2 million, a decrease from HK$12.9 million in the previous year[27]. - Administrative expenses for the nine months ended December 31, 2020, were approximately HK$4.5 million, down from HK$7.3 million in the same period of 2019[27]. - The total cost of inventories sold for the nine months ended December 31, 2020, was HK$17,615,000, down from HK$20,000,000 in the previous year[52]. New Products and Investments - CBK Holdings is investing HKD 5 million in research and development for new technologies aimed at enhancing user experience[12]. - The company has launched a new product line that is expected to contribute an additional HKD 8 million in revenue over the next two quarters[12]. - CBK Holdings is considering strategic acquisitions to enhance its product offerings, with a budget of HKD 15 million allocated for potential mergers[12]. Corporate Governance and Compliance - CBK Holdings has established a new compliance committee to ensure adherence to regulatory standards, enhancing corporate governance[12]. - The audit committee reviewed the unaudited consolidated financial statements for the nine months ended December 31, 2020, and confirmed compliance with applicable accounting standards and GEM Listing Rules[130]. - The company has complied with the Corporate Governance Code provisions for the nine months ended December 31, 2020[121]. Impact of External Factors - The decline in revenue was mainly attributed to the pandemic and the resulting social distancing measures in Hong Kong[71]. - Closures of multiple restaurant locations contributed to decreased customer traffic and revenue[71]. - The Group's operations have been adversely affected by social distancing measures imposed by the Hong Kong Government[68]. Financial Position and Capital Management - The Company received net proceeds of approximately HK$6.8 million from a placing agreement for up to 240,000,000 placing shares at a price of HK$0.029 per share[94]. - The net proceeds from the placing are intended for the general working capital of the Group[94]. - As of 31 December 2020, the Group did not have any material capital commitments[94]. - The Group did not have any mortgage or charge over its assets as of 31 December 2020[95].