Revenue Performance - The group recorded revenue of approximately HKD 22.6 million for the three months ended March 31, 2020, a decrease of about 34.3% compared to approximately HKD 34.4 million in the same period last year[7]. - For the three months ended March 31, 2020, the company reported revenue of HKD 22,568,000, a decrease of 34.4% compared to HKD 34,386,000 in the same period of 2019[26]. - Revenue from internet food sales and trade increased to HKD 2,065,000 in Q1 2020, up 94.3% from HKD 1,064,000 in Q1 2019[41]. Cost and Expenses - The cost of consumed inventory was approximately HKD 14.6 million, down about 36.0% from HKD 22.8 million in the previous year, primarily due to the decline in revenue[8]. - The cost of goods sold for the same period was HKD 14,602,000, down from HKD 22,810,000, reflecting a reduction of 36.1%[26]. - The company’s depreciation expense for property, plant, and equipment was HKD 1,622,000 for the three months ended March 31, 2020, compared to HKD 2,198,000 for the same period in 2019[43]. - Employee benefit expenses decreased from approximately HKD 5.1 million to about HKD 5.0 million due to a reduction in the number of employees[9]. - The company incurred a total employee benefit expense of HKD 5,027,000 for the three months ended March 31, 2020, slightly down from HKD 5,066,000 in the same period of 2019[43]. Profit and Loss - The group reported a loss before tax of approximately HKD 2.0 million, compared to a profit of approximately HKD 0.7 million in the same period last year[8]. - The group recorded a net loss of approximately HKD 2.0 million for the period, compared to a profit of approximately HKD 0.2 million in the same period last year[11]. - The company incurred an operating loss before tax of HKD 1,982,000, compared to an operating profit of HKD 691,000 in the previous year[26]. - The net loss for the period was HKD 2,013,000, compared to a profit of HKD 150,000 in the same quarter of 2019[27]. - Basic and diluted loss per share was HKD 0.15, compared to earnings of HKD 0.01 per share in the prior year[26]. - The company reported a loss attributable to owners of the company of HKD (2,038,000) for the three months ended March 31, 2020, compared to a profit of HKD 117,000 for the same period in 2019[48]. - Basic loss per share for the three months ended March 31, 2020, was HKD (0.15), compared to earnings of HKD 0.01 per share for the same period in 2019[48]. - Total comprehensive loss for the period amounted to HKD 1,515,000, compared to a comprehensive income of HKD 874,000 in the same quarter of 2019[27]. - The company’s total comprehensive income for the three months ended March 31, 2020, was HKD 841,000, compared to HKD 874,000 for the same period in 2019[41]. Corporate Governance - The company has complied with the corporate governance code as per GEM listing rules during the fiscal year[23]. - The company has established an audit committee consisting of three independent non-executive directors to review the financial reports[25]. - The company did not purchase, sell, or redeem any of its securities during the three months ended March 31, 2020[19]. - There were no options granted under the share option scheme since its adoption on June 5, 2017[16]. Equity - The company’s total equity attributable to owners increased to HKD 140,003,000 as of March 31, 2020, from HKD 139,162,000 as of January 1, 2019[41]. - The company did not recommend any dividend for the three months ended March 31, 2020[46].
运兴泰集团(08362) - 2020 Q1 - 季度财报