Financial Performance - For the three months ended June 30, 2019, the group recorded unaudited revenue of approximately HKD 21,300,000, a decrease of about 12.7% compared to HKD 24,400,000 for the same period in 2018[11]. - The group reported an unaudited loss attributable to owners of the company of approximately HKD 4,100,000 for the three months ended June 30, 2019, compared to a loss of HKD 2,300,000 for the same period in 2018[11]. - Basic and diluted loss per share attributable to owners of the company was HKD 0.16 for the three months ended June 30, 2019, compared to HKD 0.09 for the same period in 2018[11]. - Gross profit for the three months ended June 30, 2019, was HKD 17,139,000, down from HKD 20,066,000 in the same period of 2018[11]. - Operating loss for the three months ended June 30, 2019, was HKD 3,184,000, compared to an operating loss of HKD 643,000 for the same period in 2018[11]. - Total comprehensive loss for the period was HKD 3,873,000, compared to HKD 2,100,000 for the same period in 2018[11]. - Other income decreased by approximately 50.0% from about HKD 1,200,000 in the three months ended June 30, 2018, to about HKD 600,000 in the same period of 2019[63]. - The company recorded a loss of approximately HKD 3,900,000 for the three months ended June 30, 2019, compared to a loss of approximately HKD 2,100,000 in the same period of 2018[73]. Revenue and Costs - The group reported revenue of HKD 21,298 thousand for the three months ended June 30, 2019, a decrease of 12.8% from HKD 24,390 thousand in the same period of 2018[36]. - Restaurant operations generated HKD 21,125 thousand in revenue, down from HKD 23,453 thousand, reflecting a decline of 9.0%[36]. - Cost of goods sold decreased by approximately 2.3% from about HKD 4,300,000 for the three months ended June 30, 2018, to about HKD 4,200,000 for the same period in 2019[56]. - Employee benefits expenses increased from HKD 7,603,000 in 2018 to HKD 9,363,000 in 2019, reflecting a rise in salaries and allowances[53]. - Depreciation expenses increased by approximately 250% from about HKD 1,400,000 in the three months ended June 30, 2018, to about HKD 4,900,000 in the same period of 2019[66]. - Property rental and related expenses decreased by approximately 89.2% from about HKD 6,500,000 in the three months ended June 30, 2018, to about HKD 700,000 in the same period of 2019[68]. - Administrative expenses increased by approximately 10.6% from about HKD 4,700,000 in the three months ended June 30, 2018, to about HKD 5,200,000 in the same period of 2019[70]. - Income tax expenses decreased by approximately 50.0% from about HKD 400,000 in the three months ended June 30, 2018, to about HKD 200,000 in the same period of 2019[71]. Equity and Financial Position - The group’s total equity as of June 30, 2019, was HKD 128,268,000, a decrease from HKD 145,475,000 as of June 30, 2018[15]. - The group’s cash and cash equivalents as of June 30, 2019, were approximately HKD 81,900,000, a decrease of about 20.6% from HKD 103,100,000 on June 30, 2018[86]. - Total borrowings as of June 30, 2019, were approximately HKD 8,200,000, down from HKD 28,600,000 on June 30, 2018[87]. - The capital debt ratio as of June 30, 2019, was approximately 39.8%, an increase from 20.9% on June 30, 2018, primarily due to the recognition of lease liabilities[90]. - The equity interest in associates as of June 30, 2019, was approximately HKD 800,000, a decrease of about 69.2% from HKD 2,600,000 on June 30, 2018[83]. - The group had no assets pledged as of June 30, 2019, compared to HKD 7,500,000 in deposits pledged to a bank on June 30, 2018[88]. Business Operations and Strategy - The company aims to strengthen its position in operating restaurants at Hong Kong International Airport while seeking opportunities to expand its business in urban areas and enter the Asian casual dining market[54]. - The company has obtained franchise rights for three well-known dining brands in Hong Kong, including "Flamingo Bloom" and "Hanlin Tea House"[54]. - The company is optimistic about the growth prospects of its restaurant brands in Hong Kong, which are expected to yield positive returns in the long term[98]. - The company plans to actively enter the Asian leisure dining market, leveraging its extensive experience in the Hong Kong restaurant industry to open outlets in multiple Asian cities with high market potential[98]. - The company aims to continuously evaluate its business objectives and may revise plans according to market conditions to align with business growth[75]. Corporate Governance - The company has adopted high standards of corporate governance to maintain transparency and protect shareholder interests[100]. - The company has established a code of conduct for directors that meets the standards set by GEM listing rules[117]. - The audit committee, consisting of three independent non-executive directors, reviewed the financial statements for the quarter ending June 30, 2019[118]. - The audit committee is responsible for recommending the appointment or removal of external auditors and reviewing financial reporting judgments[118]. - The board of directors confirmed compliance with the trading code for securities transactions during the three-month period ending June 30, 2019[117]. Shareholder Information - As of June 30, 2019, the company’s major shareholder, Fortune Round Limited, holds 1,500,000,000 shares, representing 56.7% of the total shares[109]. - The company’s chairman and CEO, Mr. Wang Wenwei, holds 1,500,000,000 shares through Fortune Round Limited, which he fully owns[105]. - The company is owned entirely by Li Chi Keung, who holds 238,740,000 shares, making him the controlling shareholder[113]. - The company has a total of 60,000,000 unexercised share options as of June 30, 2019, with no options exercised during the reporting period[115]. - The company adopted a share option scheme on July 21, 2016, allowing options to be exercised at a price of HKD 0.163 per share[114]. - The company has not disclosed any other significant interests or short positions in its shares as of June 30, 2019[113].
皇玺集团(08300) - 2020 Q1 - 季度财报