Financial Performance - For the fiscal year ended March 31, 2019, the Group reported revenue of HK$92,099,000, a decrease of 25% from HK$122,653,000 in 2018[34]. - The Group experienced a loss before tax of HK$18,839,000, compared to a loss of HK$10,482,000 in the previous year[34]. - Total comprehensive loss attributable to owners of the Company was HK$20,561,000, up from HK$9,746,000 in 2018, indicating a significant decline in financial performance[34]. - The Group's total assets decreased to HK$66,920,000 in 2019 from HK$90,045,000 in 2018, reflecting a reduction in both current and non-current assets[34]. - Equity attributable to owners of the Company fell to HK$60,447,000 from HK$81,008,000, showing a decline of approximately 25%[34]. - Revenue for the year ended 31 March 2019 decreased by approximately HK$30.6 million to HK$92.1 million, down from approximately HK$122.7 million in 2018[44]. - Gross profit for the year ended 31 March 2019 decreased by approximately HK$14.2 million to HK$56.6 million, while gross profit margin increased by approximately 3.8% to 61.5%[47]. - Loss attributable to owners of the Company for the year ended 31 March 2019 was approximately HK$20.6 million, compared to approximately HK$9.7 million in 2018[53]. - Total liabilities decreased by approximately HK$2.5 million to HK$6.5 million, down from approximately HK$9.0 million in 2018[53]. Market Challenges - The fiscal year 2018/2019 was the toughest in CBK Holdings Limited's operating history due to weakened local consumption power influenced by the Sino-US trade war[21]. - The food and beverage industry remains challenging with rising costs in raw materials, high rental, and high labor costs, coupled with a shortage of manpower and high turnover rates[22]. - Increased competition in the hotpot market has led to saturation, affecting brand loyalty among customers[23]. - The Group anticipates that severe market competition and weakening local economy will continue to adversely affect its performance[24]. - The Group's management anticipates that ongoing market competition and a weak local economy will continue to adversely affect performance in the near future[37]. - Rising costs of raw materials, labor, and rent have been significant challenges impacting the Group's financial results[37]. Strategic Management - CBK Holdings Limited plans to maintain a prudent management approach, adjusting business strategies to balance restaurant expansion and closure of underperforming locations[24]. - The Group aims to adjust its business model to maintain competitive advantage in the hotpot market sector[24]. - The Group plans to maintain a prudent management approach and adjust its business strategies to adapt to industry changes and enhance competitiveness[37]. - The Group plans to maintain a prudent management approach and continuously adjust its business strategies in response to severe market competition and a weakening local economy[56]. - The Group intends to launch more new brands to meet growing customer expectations on dining experience[56]. Operational Adjustments - The Group closed three underperforming restaurants in 2018 and early 2019 to mitigate ongoing losses and focus resources on new brands[39]. - The introduction of the new brand "3H Island Fusion Pot" aims to enhance customer experience by offering both hotpot and barbeque cuisines in a modern setting[39]. - The Company opened only one new restaurant in Yau Tsim Mong district at a cost of approximately HK$8.9 million, despite plans to open five restaurants[60][62]. - A total of approximately HK$0.8 million was spent on establishing a new central kitchen, with the premises already equipped for food processing[65]. - The enhancement costs for three existing hotpot restaurants were approximately HK$1.4 million, HK$3.7 million, and HK$1.4 million respectively[65]. - Approximately HK$0.6 million was spent on upgrading the information technology system, with plans to utilize big data and mobile payment systems for targeted marketing[65]. - The new head office was relocated at a cost of approximately HK$1.5 million, effectively controlling relocation expenses[65]. Corporate Governance - The Company has fully complied with all applicable provisions of the Corporate Governance Code for the year ended March 31, 2019[122]. - The Board consists of two executive directors and three independent non-executive directors, ensuring compliance with GEM Listing Rules[126]. - The Company received annual confirmations of independence from all independent non-executive directors, affirming their compliance with independence guidelines[131]. - The Board Diversity Policy has been adopted and the Group achieved its objectives for diversity in the year ended March 31, 2019[129]. - The roles of the chairman and chief executive are separated, with Ms. Wong Wai Fong as chairman and Mr. Kwok Yiu Chung and Mr. Zhang Chi as chief executive officers[130]. - Continuous professional development for all directors is arranged to ensure their contributions remain informed and relevant[132]. - The Board will periodically review its corporate governance practices to align with statutory requirements and the latest developments[122]. - The Company has established various Board Committees to delegate responsibilities for day-to-day operations and business strategies[122]. Audit and Compliance - The audit committee held four meetings to review the Group's annual results and discuss corporate governance, internal control, and financial reporting matters[156]. - The audit committee is responsible for monitoring the integrity of financial statements and reviewing significant financial reporting judgments[155]. - The audit committee's comprehensive financial statements for the year ended March 31, 2019, were reviewed and approved[157]. - The audit committee consists of three independent non-executive directors, with Mr. Law Yui Lun serving as the chairman[151]. - The company ensures that all Board papers are sent to Directors at least three days before meetings to facilitate informed decision-making[140]. - The company complies with the Code Provision A.6.5 of the CG Code regarding Directors' training[138]. - The company provides sufficient resources to its Board committees to effectively discharge their duties[150]. - The Group does not currently have an internal audit function, as the Board believes there is no immediate need for one based on the effectiveness review conducted[198]. Management Team - The company has a strong management team with extensive experience in the restaurant and catering industry, including over 20 years for Mr. Chan and Mr. Kwok[105][114]. - Mr. Chan Yu Chi has been the Chief Financial Officer since January 2013, overseeing overall financial accounting and reporting[109]. - Mr. Zhang Chi appointed as Chief Executive Officer (China Business) on April 23, 2019, responsible for strategic development in China[107]. - Mr. Chan Chun Ming has over 20 years of experience in the restaurant industry, currently serving as the Human Resources and Administrative System Management Director since January 1, 2015[114]. - The management team has a diverse educational background, including degrees in business administration and electronic commerce[110][116].

Financial Performance - The Group recorded revenue of approximately HK$72.1 million for the nine months ended 31 December 2018, a decrease of 19.7% compared to approximately HK$89.7 million for the same period in 2017[18]. - The Group's gross profit for the nine months ended 31 December 2018 was approximately HK$44.4 million, down 13.5% from approximately HK$51.3 million in the corresponding period of 2017[18]. - Loss attributable to owners of the Company for the nine months ended 31 December 2018 was approximately HK$8.5 million, compared to a loss of approximately HK$7.9 million for the same period in 2017, representing a 7.6% increase in loss[19]. - Basic and diluted loss per share was approximately 0.71 HK cents for the nine months ended 31 December 2018, compared to approximately 0.66 HK cents for the same period in 2017, indicating a 7.6% increase in loss per share[19]. - Revenue for the three months ended December 31, 2018, was HK$22,814, a decrease of 36.4% compared to HK$36,034 for the same period in 2017[24]. - Total comprehensive loss attributable to owners of the Company for the period was HK$8,473, resulting in a loss per share of HK$0.71[24]. - The Group's total revenue for the nine months ended December 31, 2018, was HK$72,116, reflecting a decline in overall performance compared to the previous year[53]. - Revenue for the nine months ended 31 December 2018 decreased by approximately HK$17.6 million to HK$72.1 million compared to HK$89.7 million for the same period in 2017[77]. Expenses and Costs - Staff costs for the nine months ended December 31, 2018, amounted to HK$21,511, a decrease from HK$27,013 in the previous year[24]. - Cost of inventories sold decreased by approximately HK$10.7 million to HK$27.7 million for the nine months ended December 31, 2018, down from approximately HK$38.4 million in 2017[77]. - Employee benefit expenses for the three months ended December 31, 2018, were HK$5,512, a decrease of 12.1% compared to HK$6,269 in the same period of 2017[57]. - Administrative expenses decreased by approximately HK$0.8 million to HK$8.7 million for the nine months ended December 31, 2018, down from approximately HK$9.5 million for the same period in 2017, primarily due to the closure of two branches[87]. - Property rentals and related expenses for the nine months ended December 31, 2018, were HK$19,035, slightly up from HK$18,621 in the previous year[24]. Operational Changes - The decrease in revenue was mainly due to the closure of two restaurants in April and June 2018 and a decrease in customer visits[77]. - The Group plans to continue its prudent site selection strategy to expand its network of hotpot restaurants, focusing on locations with suitable rent rates[104]. - The Group is exploring the commercial viability of extending business hours and has already implemented this measure in one restaurant, offering special discounts during "happy hour" and "late night"[104]. Governance and Compliance - The Company has complied with the Corporate Governance Code for the nine months ended December 31, 2018[157]. - The Company confirms that all directors have complied with the required standard of dealings regarding securities transactions for the nine months ended December 31, 2018[158]. - The Company has not disclosed any substantial shareholders with interests or short positions that require notification under the SFO as of December 31, 2018[152][155]. - The company has complied with the corporate governance code as per GEM Listing Rules Appendix 15 for the nine months ended December 31, 2018[162]. - The Audit Committee reviewed the unaudited consolidated financial statements for the nine months ended December 31, 2018, and confirmed compliance with applicable accounting standards and GEM Listing Rules[168]. Shareholding and Directors - As of December 31, 2018, Sure Wonder holds 889,200,000 shares, representing 74.1% of the issued share capital of the Company[149][151]. - Ms. Wong and Mr. Kwok, both executive directors, are deemed to be interested in each other's shares under the SFO due to their marital relationship[135][140]. - Mr. Chan Lap Ping, another executive director, is deemed to be interested in shares held by his spouse, Ms. Yang, under the SFO[140]. - No other directors or the chief executive had any interests or short positions in shares or debentures of the Company or its associated corporations as of December 31, 2018[141][152]. - The aggregate control of shares by Ms. Wong, Mr. Kwok, Mr. Tam, Ms. Yang, and Mr. Hui through Sure Wonder constitutes a group of controlling shareholders[151][153]. - There are no competing business interests among the directors or controlling shareholders that conflict with the Group's business[156]. - No share options have been granted since the adoption of the share option scheme on January 20, 2017, and there were no outstanding share options as of December 31, 2018[162].