Financial Performance - The consolidated revenue for the nine months ended December 31, 2018, was approximately HKD 194.9 million, a decrease of about 14.3% compared to approximately HKD 227.5 million for the same period last year[3]. - The loss attributable to owners of the company decreased from HKD 21.7 million in the previous year to approximately HKD 20.4 million[4]. - The gross profit for the nine months was HKD 129.8 million, with a gross margin of approximately 66.6%[6]. - The operating loss for the nine months was HKD 15.0 million, compared to an operating loss of HKD 19.6 million in the previous year[6]. - The total comprehensive loss for the period was HKD 20.1 million, compared to HKD 21.6 million for the same period last year[10]. - The basic loss per share for the nine months was HKD 0.49, compared to HKD 0.55 for the same period last year[6]. - The total comprehensive loss attributable to owners of the company was HKD 19.3 million, compared to HKD 21.3 million in the previous year[11]. - The company reported a revenue of approximately HKD 194.9 million for the nine months ended December 31, 2018, a decrease of about 14.3% compared to HKD 227.5 million in the same period of 2017[26]. - The net loss attributable to the company's owners for the same period was approximately HKD 20.4 million, a decrease of about HKD 1.3 million from the previous fiscal year[26]. - The average number of ordinary shares for the calculation of basic loss per share was 4,166,175,000 shares, compared to 3,949,191,809 shares in 2017[23]. - The company did not recommend an interim dividend for the nine months ended December 31, 2018, consistent with the previous year[25]. Market and Operational Challenges - The company closed two cake shops in Hong Kong and its last store in China during the review period due to intense market competition[31]. - The company is currently reviewing its operations and market outlook in Taiwan, where it operates five stores, due to ongoing poor performance[31]. - The group is facing challenges in the restaurant industry due to rising labor costs and new solid waste charging regulations, which may increase operational costs[35]. - The group has closed one store in China and is reviewing the performance of its remaining store in Hong Kong, considering whether to continue operations[34]. - The group has a franchise network of 4 stores as of December 31, 2018, and is focusing on quality control as a significant challenge in developing its franchise system[34]. Strategic Initiatives - The group plans to invest financial resources to expand its electronic cigarette business, capitalizing on a smoking rate of 27.7% among Chinese adults and the growth potential of the electronic cigarette market[37]. - The group aims to enhance its menu offerings and improve dining experiences to attract more mainland tourists following the opening of the Guangzhou-Shenzhen-Hong Kong Express Rail Link and the Hong Kong-Zhuhai-Macao Bridge[35]. - The company believes it has accumulated sufficient lessons and experience from its operations in Hong Kong, mainland China, and Taiwan, and is undergoing a thorough repositioning of the Italian Tomato brand[31]. - The group will continue to review its current business and financial status to determine future development directions and plans to expand revenue sources[37]. Corporate Governance and Management - The company plans to appoint Mr. Huang Chao as the new executive director and chairman following the resignation of Mr. Chen Jianchun[55]. - The audit committee has been established in accordance with GEM Listing Rules and consists of three independent non-executive directors[60]. - The audit committee held three meetings prior to the approval of the unaudited results for the nine months ended December 31, 2018[60]. - The company confirmed that all directors complied with the trading standards regarding securities transactions during the nine months ended December 31, 2018[62]. - The company is committed to maintaining high standards of corporate governance and has adhered to the corporate governance code during the reporting period[63]. - The company has not disclosed any interests or conflicts of interest in competing businesses as of December 31, 2018[59]. - The company has no other disclosures required under GEM Listing Rules as of June 26, 2018[58]. Share Capital and Stock Options - As of December 31, 2018, Hanbo Holdings holds 2,172,417,439 shares, representing approximately 52.14% of the issued share capital[48]. - Mr. Tang Shengming holds convertible bonds with an outstanding principal amount of HKD 40,000,000, which, when fully converted, will result in the issuance of 571,428,571 shares, equating to about 13.72% of the issued share capital[50]. - The total number of issued ordinary shares as of December 31, 2018, is 4,166,175,000 shares[50]. - The stock option plan allows for the issuance of options up to 30% of the company's issued share capital, with a maximum allocation of 1% to any participant within a 12-month period[51]. - No stock options were granted during the review period ending December 31, 2018, and there are no unexercised stock options[54]. - The stock option exercise price will be determined by the committee but must be at least the higher of the closing price on the date of submission or the average closing price over the preceding five trading days[54].
荣晖控股(08213) - 2019 Q3 - 季度财报