Financial Performance - The consolidated revenue for the nine months ended December 31, 2020, was approximately HKD 137.2 million, a decrease of about 4.4% compared to HKD 143.5 million in the same period last year[3] - The profit attributable to owners of the company for the nine months was approximately HKD 6.7 million, compared to a loss of HKD 8.1 million in the same period last year[3] - The gross profit for the nine months was HKD 82.9 million, with a gross margin of approximately 60.4%[5] - The operating profit for the nine months was HKD 13.2 million, compared to an operating loss of HKD 3.3 million in the same period last year[5] - The basic earnings per share for the nine months was HKD 0.160, compared to a loss per share of HKD 0.195 in the same period last year[5] - The total comprehensive income for the nine months was HKD 5.3 million, compared to a total comprehensive loss of HKD 7.9 million in the same period last year[7] - The income tax expense for the period was HKD 2,272,000, compared to HKD 755,000 in the previous year[18] - The group recorded approximately HKD 1.9 million in unaudited revenue from the sale of the White Bear Curry business due to challenges in the dining-in experience during the pandemic[30] - The group recorded revenue of approximately HKD 137.2 million for the nine months ended December 31, 2020, a decrease of about 4.4% compared to HKD 143.5 million in 2019, primarily due to the closure of underperforming restaurants and the impact of COVID-19 restrictions[37] - The group achieved a profit attributable to owners of approximately HKD 6.7 million, compared to a loss of approximately HKD 8.1 million in 2019, mainly due to operational improvements and government subsidies totaling approximately HKD 14.3 million[37] - The gross profit margin for the nine months ended December 31, 2020, was approximately 60%, down from 63% in 2019, attributed to rising food costs and discounts offered for takeout services[38] - Total operating expenses decreased by approximately 9.8% to about HKD 87.5 million, consistent with the revenue decline, due to the closure of underperforming restaurants[38] Market and Business Development - The company plans to continue exploring market expansion opportunities and new product development strategies[5] - The domestic takeaway service market in China reached a transaction volume of RMB 8.4 trillion in 2020, a significant year-on-year increase of 14.8%[23] - The online takeaway platform's revenue share in Hong Kong increased from 15-25% pre-pandemic to 50% or more during the pandemic[23] - The restaurant business in Hong Kong and mainland China faced challenges due to COVID-19, but the group achieved sustainable results thanks to loyal customers and government support[27] - The main revenue source, Italian Tomato, expanded its network with three new cake shops opened in Q4 2020, totaling six cafes and 25 cake shops in Hong Kong by December 31, 2020[28] - The group signed an operational service agreement with Huayin Biotechnology in July 2020 to enter the rapidly growing domestic healthcare market, launching new skincare products in December 2020[31] - The group plans to strategically deepen its takeaway business and improve marketing activities to expand its long-term revenue base in response to changing consumer behavior[34] - The number of cake shops increased from 22 to 25 during the third quarter of 2020, contributing significantly to the group's performance[34] - The group aims to invest more resources in developing new skincare products to capitalize on the growing demand for skincare solutions[34] - The e-cigarette business is expected to benefit from the Regional Comprehensive Economic Partnership agreement signed in November 2020, enhancing export opportunities[35] - The group assessed its ability to continue as a going concern, despite net current liabilities of approximately HKD 93,029,000 as of December 31, 2020[12] - The group expects to have sufficient financial resources to meet its financial liabilities in the foreseeable future[12] Corporate Governance - The board of directors confirmed that the financial information presented is accurate and complete, with no misleading elements[2] - The company has established an audit committee in compliance with GEM Listing Rules, which includes three independent non-executive directors[54] - The company has adhered to the corporate governance code as per GEM Listing Rules during the nine-month period ending December 31, 2020[56] - The company is committed to maintaining high standards of corporate governance and will continuously review and improve its governance practices[56] - The company confirmed that all directors complied with the trading standards regarding securities transactions during the nine-month period ending December 31, 2020[55] - The company has not granted any stock options exceeding 1% of the total issued shares without shareholder approval[49] - The audit committee has held three meetings prior to the approval of the unaudited results for the nine months ending December 31, 2020[54] - The company has appointed a new independent non-executive director and committee chair as of December 11, 2020[51] - The company will publish its report on the GEM website and its own website for at least seven days from the publication date[57] Other Financial Information - The company reported a foreign exchange loss of HKD 1.4 million related to the translation of overseas financial statements[7] - The company’s total equity as of December 31, 2020, was approximately HKD 41.7 million[9] - The group sold its subsidiary Townsman Limited for a total consideration of JPY 45,000,000, equivalent to approximately HKD 3,300,000[15] - The net liabilities of the sold Townsman group included property, plant, and equipment valued at HKD 1,289,000, and total liabilities of HKD 7,191,000[16] - The company did not recommend an interim dividend for the nine months ended December 31, 2020, consistent with the previous year[21] - The company did not purchase, sell, or redeem any of its listed securities during the nine months ended December 31, 2020[41] - No stock options were granted, exercised, expired, or canceled during the reporting period, and as of December 31, 2020, there were no unexercised stock options[50] - Basic earnings per share for the period were approximately HKD 6,672,000, compared to a loss of HKD 8,122,000 in 2019[19]
荣晖控股(08213) - 2021 Q3 - 季度财报