Financial Performance - The group's revenue for the three months ended June 30, 2020, was approximately HKD 40.9 million, a decrease of about 71.8% compared to HKD 144.9 million in the same period of 2019[4] - The loss attributable to owners of the company for the three months ended June 30, 2020, was approximately HKD 7.1 million, a reduction of about 47.9% compared to HKD 13.6 million in the same period of 2019[4] - The group reported a loss before tax of HKD 8.3 million for the three months ended June 30, 2020, compared to a loss of HKD 12.8 million in the same period of 2019[5] - The total comprehensive loss for the three months ended June 30, 2020, was HKD 8.0 million, compared to HKD 13.9 million in the same period of 2019[5] - For the three months ended June 30, 2020, the company reported a net loss of approximately HKD 8,014,000 compared to a net loss of HKD 13,677,000 for the same period in 2019, indicating an improvement in performance[13][22] - Total revenue for the three months ended June 30, 2020, was HKD 40,880,000, a significant decrease of 71.7% from HKD 144,864,000 in the same period of 2019[14] - The basic and diluted loss per share attributable to owners of the company for the three months ended June 30, 2020, was HKD 0.01, compared to HKD 0.02 in the same period of 2019[5] - Basic loss per share for the three months ended June 30, 2020, was HKD 0.01, compared to HKD 0.02 for the same period in 2019[22] Revenue Breakdown - Revenue from restaurant operations was HKD 40,407,000, down 72.0% from HKD 144,864,000 in the previous year, with specific declines in Italian, Western, and Asian cuisine segments[14] - Revenue from Western restaurants decreased by approximately HKD 65.1 million or 68.4%, from HKD 95.13 million in 2019 to HKD 30.02 million in 2020[28] - Revenue from Italian restaurants fell by approximately HKD 23.1 million or 76.1%, from HKD 30.41 million in 2019 to HKD 7.26 million in 2020[30] - Revenue from Asian restaurants decreased by approximately HKD 16.2 million or 83.8%, from HKD 19.32 million in 2019 to HKD 3.13 million in 2020[31] - The company did not recognize any revenue from interior design and renovation services due to contract suspensions caused by COVID-19[32] - The company signed service contracts worth approximately RMB 11.1 million (about HKD 12.1 million) for interior design and renovation services, but revenue was not recognized due to COVID-19[26] Cost Management - The cost of inventories consumed for the three months ended June 30, 2020, was HKD 9.6 million, down from HKD 35.0 million in the same period of 2019[5] - Employee benefit expenses for the three months ended June 30, 2020, were HKD 18.4 million, compared to HKD 51.0 million in the same period of 2019[5] - Other expenses for the three months ended June 30, 2020, were approximately HKD 2.3 million, a significant decrease from HKD 23.0 million in the same period of 2019, representing 5.7% of total revenue compared to 15.9% previously, mainly due to restaurant closures and cost control measures[38] - The loss attributable to owners of the company for the three months ended June 30, 2020, was approximately HKD 7.1 million, down from HKD 13.6 million for the same period in 2019, reflecting effective cost management strategies[41] - The company received a one-time subsidy of approximately HKD 4.7 million under the "Employment Support" scheme from the government, which contributed to the reduction in operating costs[42] Business Operations - The company operated 13 restaurants as of June 30, 2020, including 10 full-service restaurants and 3 bakeries, focusing on providing a variety of dishes at different price points to a broad customer base in Hong Kong[43] - For the three months ended June 30, 2020, the company operated 13 restaurants, a decrease from 27 restaurants in the same period of 2019, with three restaurants closed or sold[28] - The company is currently evaluating the impact of new and revised Hong Kong Financial Reporting Standards but has not identified any significant financial impact on its operations[13] - The company is optimistic about the prospects of launching new businesses in China, driven by increasing demand for quality interior design and renovation services, supported by signed service contracts expected to generate ongoing revenue[43] - The company is actively investing and developing new business areas, including a one-stop professional financial service platform for financial practitioners, in response to the increasing demand for quality ingredients and services[44] Impact of COVID-19 - The COVID-19 pandemic has significantly disrupted the restaurant business in Hong Kong, leading to a decline in operational performance since June 30, 2020[62] - The Hong Kong government implemented measures such as the prohibition of gatherings exceeding four people, impacting consumer sentiment and restaurant operations[62] - The company has actively adopted cost control measures to improve cash flow and adjust business strategies in response to the pandemic[62] - As of the report date, the company is unable to quantify the impact of COVID-19 on its 2020 performance[62] Shareholder Information - Major shareholders hold a total of 607,600,000 shares, representing approximately 74.99% of the company's equity[49] - No stock options were granted, exercised, or canceled under the pre-IPO stock option plan during the three months ended June 30, 2020[52] - The company did not repurchase any shares listed on GEM during the three months ended June 30, 2020[53] Board of Directors - The board of directors includes James Fu Bin Lu (Chairman and CEO), Li Qing Ni, and Long Hai, among others[63]
生活概念(08056) - 2021 Q1 - 季度财报