Revenue Performance - For the nine months ended September 30, 2020, the group recorded revenue of approximately HK$55.1 million, a decrease of about 45.0% compared to approximately HK$100.1 million in the same period last year, primarily due to a significant decline in product demand caused by COVID-19[9] - For the three months ended September 30, 2020, the company reported revenue of HKD 17,343,000, a decrease of 47.1% compared to HKD 32,740,000 for the same period in 2019[29] - For the nine months ended September 30, 2020, the company reported revenue of HKD 55,112,000, a decrease of 45.0% compared to HKD 100,105,000 for the same period in 2019[29] - Revenue from food processing and trading was HKD 49,983,000 for the nine months ended September 30, 2020, down 50% from HKD 99,722,000 in 2019[51] - Restaurant operations generated revenue of HKD 5,765,000 for the nine months ended September 30, 2020, compared to HKD 445,000 in 2019, indicating significant growth[51] Loss and Financial Performance - The group reported a pre-tax loss of approximately HK$6.4 million for the nine months ended September 30, 2020, compared to a pre-tax loss of approximately HK$2.1 million in the same period last year[10] - The group recorded a net loss of approximately HK$6.8 million for the nine months ended September 30, 2020, compared to a net loss of approximately HK$2.8 million in the same period last year[14] - The company incurred a loss before tax of HKD 6,970,000 for the nine months ended September 30, 2020, compared to a loss of HKD 2,557,000 for the same period in 2019[29] - The company reported an operating loss before tax of HKD 6,394,000 for the nine months ended September 30, 2020, compared to a loss of HKD 2,074,000 for the same period in 2019[29] - The company reported a loss of HKD 2,154,000 for the three months ended September 30, 2020, compared to a loss of HKD 530,000 in the same period of 2019, representing an increase in loss of 307%[30] - For the nine months ended September 30, 2020, the loss was HKD 6,802,000, up from a loss of HKD 2,827,000 in 2019, indicating a 141% increase in loss[30] - The total loss attributable to shareholders for the three months ended September 30, 2020, was HKD 2,132,000, compared to HKD 483,000 in the same period of 2019[64] - For the nine months ended September 30, 2020, the total loss attributable to shareholders was HKD 6,978,000, compared to HKD 2,698,000 in 2019, showing a substantial increase in losses[64] Expenses and Costs - The cost of consumed inventory for the nine months ended September 30, 2020, was approximately HK$35.7 million, down from approximately HK$67.2 million in the same period last year, reflecting the decrease in revenue[10] - Employee benefit expenses decreased to approximately HK$13.5 million for the nine months ended September 30, 2020, down from approximately HK$18.4 million in the same period last year, mainly due to a reduction in the number of employees[11] - The company incurred total employee benefit expenses of HKD 13,481,000 for the nine months ended September 30, 2020, down from HKD 18,423,000 in 2019[56] Shareholder Information - The board declared a dividend of HK$0.01 per share, amounting to HK$14 million, compared to no dividend in the previous year[8] - The company declared a quarterly dividend of HKD 0.01 per share, totaling HKD 14,000,000 for the nine months ended September 30, 2020[61] - The company paid dividends of HKD 300,000 during the period, impacting retained earnings[32] Equity and Retained Earnings - The company’s retained earnings as of September 30, 2020, were HKD 22,568,000, down from HKD 29,846,000 at the beginning of the year, a reduction of 24%[32] - The total equity attributable to the owners of the company as of September 30, 2020, was HKD 133,693,000, compared to HKD 139,477,000 at the beginning of the year, a decrease of 4%[32] Compliance and Governance - The company has adopted a code of conduct for securities transactions by directors, which complies with GEM Listing Rules[24] - The company has established an audit committee consisting of three independent non-executive directors to review the report and ensure compliance with applicable accounting standards[27] - The financial data presented is unaudited and prepared in accordance with the GEM Listing Rules and Hong Kong Financial Reporting Standards[39] - The financial statements were approved and authorized for issue by the board of directors on October 28, 2020[65] Tax and Income - Interest income for the nine months ended September 30, 2020, was HKD 925,000, compared to HKD 183,000 in 2019, reflecting an increase[56] - The effective tax rate remained at 16.5% for the nine months ended September 30, 2020, consistent with the previous year[58] Loss Per Share - The basic and diluted loss per share for the nine months ended September 30, 2020, was HKD 0.50, compared to HKD 0.19 for the same period in 2019[29] - The company reported a basic loss per share of HKD (0.15) for the three months ended September 30, 2020, compared to HKD (0.03) for the same period in 2019, indicating a significant increase in losses[64] - The weighted average number of shares used for calculating basic loss per share remained constant at 1,400,000 shares for both periods under review[64]
运兴泰集团(08362) - 2020 Q3 - 季度财报