Financial Performance - For the fiscal year ending March 31, 2021, the group's total revenue was approximately HKD 214.3 million, a decrease from HKD 452.1 million in 2020[7]. - The group reported a loss before tax of approximately HKD 58.5 million, improved from a loss of HKD 132.2 million in the previous year[7]. - The loss attributable to the company's owners for the year was approximately HKD 64.4 million, down from HKD 130.9 million in 2020[7]. - The group received a one-time government subsidy of approximately HKD 20.2 million, primarily from the employment support scheme[7]. - For the fiscal year ending March 31, 2021, the company reported a revenue decrease due to the negative impact of COVID-19, with total revenue of HKD 214.3 million, down from HKD 452.1 million in the previous year, representing a decline of approximately 52.7%[20]. - The revenue from Western restaurants decreased by approximately HKD 204.0 million or 65.6%, from HKD 311.2 million to HKD 107.2 million, primarily due to COVID-19 restrictions and the closure of underperforming locations[22]. - The revenue from Italian restaurants fell by approximately HKD 54.9 million or 71.3%, from HKD 77.0 million to HKD 22.1 million, attributed to similar factors as above[23]. - The revenue from Asian restaurants decreased by approximately HKD 51.1 million or 86.9%, from HKD 58.8 million to HKD 7.7 million, also due to COVID-19 impacts[24]. - The financial services segment generated revenue of approximately HKD 74.1 million, marking a significant increase from zero in the previous year[28]. Business Operations - The group operated 14 restaurants as of March 31, 2021, including 2 newly established or acquired restaurants and 4 that were closed or sold[8]. - The company opened one new restaurant in Hong Kong and one in China during the fiscal year, increasing its total restaurant count in Hong Kong to 13[20]. - The company established a new subsidiary, Lue Peng Peng (Beijing) Catering Management Co., Ltd., with a registered capital of RMB 2.5 million, focusing on operating hotpot restaurants in China[14]. - The group is focusing on diversifying its business strategy, including non-restaurant business expansion and geographic expansion outside of Hong Kong[8]. - The group is committed to developing its existing restaurant business while exploring new business opportunities in interior design and organic vegetable consulting in China[13]. Cost Management and Adjustments - The group is actively adjusting its business strategies and optimizing its cost structure in response to the challenges posed by the COVID-19 pandemic[8]. - Employee benefits expenses for the Hong Kong restaurant business decreased from approximately HKD 175.7 million to HKD 68.7 million, a reduction of about HKD 107.0 million due to restaurant closures and staff reductions[31]. - Depreciation expenses related to the right-of-use assets for the Hong Kong restaurant business were approximately HKD 42.8 million, down from HKD 99.1 million, primarily due to fewer lease agreements following restaurant closures[32]. - Other expenses decreased from approximately HKD 76.3 million to HKD 38.0 million, representing about 17.7% and 16.9% of total revenue for the respective periods[34]. Governance and Compliance - The board of directors is responsible for strategy formulation, performance monitoring, and risk management, with three committees established: Audit, Remuneration, and Nomination[68]. - The company has adopted a written terms of reference for its corporate governance functions, ensuring responsibilities are fulfilled[79]. - The company has mechanisms in place to seek independent professional advice when necessary, with costs borne by the company[71]. - The company has confirmed the independence of its non-executive directors as of March 31, 2021, ensuring compliance with GEM listing rules[125]. - The company has not identified any significant legal or regulatory non-compliance issues affecting its business operations as of March 31, 2021[110]. Environmental and Social Responsibility - The company has taken steps to enhance environmental performance, including using recycled paper products and adjusting air conditioning settings to 24 degrees Celsius during winter[113]. - The company is committed to integrating sustainable development measures into its daily operations and management, aiming to enhance its performance in environmental, social, and governance aspects[161]. - The company has implemented energy-saving, emission reduction, and recycling measures as part of its commitment to sustainable development[165]. - The company aims to reduce plastic waste by participating in the "No Straw Campaign" and transitioning to paper packaging for takeout[175]. - The company reported a total of 186 workdays lost due to occupational injuries and/or diseases during the fiscal year ending March 31, 2021[183]. Stakeholder Engagement - The company emphasizes high transparency levels to strengthen investor relations and regularly updates shareholders through various reports[95]. - The company is committed to maintaining strong relationships with stakeholders, including customers, suppliers, and employees, to support long-term business development[114]. - The company actively seeks feedback from stakeholders to understand the environmental and social impacts of its operations[163]. Employee Management - The total employee count as of March 31, 2021, is 357, down from 484 in the previous year, with total employee costs amounting to approximately HKD 73.68 million[49]. - The gender breakdown of employees in Hong Kong is 141 females and 131 males, with 72 employees under 30 years old, 159 between 30 and 50 years old, and 41 over 50 years old[181]. - Employee benefits include competitive salaries, special leave, dental care, and discounts, aimed at attracting and retaining top talent in a challenging labor market[177].
生活概念(08056) - 2021 - 年度财报