Financial Performance - For the three months ended March 31, 2021, the group recorded revenue of approximately HKD 17.8 million, a decrease of about 21.2% compared to approximately HKD 22.6 million in the same period last year[9] - The group reported a pre-tax loss of approximately HKD 3.9 million, compared to a loss of about HKD 2.0 million in the same period last year[10] - The net loss for the period was approximately HKD 3.8 million, compared to a loss of about HKD 2.0 million in the same period last year[13] - The decrease in revenue was primarily due to the ongoing impact of the COVID-19 pandemic, which led to weak demand for the company's products[9] - The company reported total comprehensive loss of HKD 3,199,000 for the period, compared to HKD 1,515,000 in the previous year[27] - The loss for the period was HKD 3,792,000, compared to a loss of HKD 2,013,000 in the previous year, indicating a significant increase in losses[45] - The adjusted loss before tax for the group was HKD 4,001,000, compared to HKD 2,184,000 in the previous year, reflecting a worsening financial performance[45] Revenue Breakdown - Revenue from the food processing and trading segment was HKD 13,502,000, down 35.0% from HKD 20,779,000 in the prior year[45] - Revenue from restaurant operations was HKD 4,799,000, an increase from HKD 1,995,000 in the same period last year[45] - Revenue from food processing and trading was HKD 12,201,000, down 38.1% from HKD 19,730,000 year-on-year[48] - Restaurant operations generated revenue of HKD 4,799,000, an increase of 140.4% compared to HKD 1,995,000 in the previous year[48] Cost and Expenses - The cost of consumed inventory for the same period was approximately HKD 10.3 million, a decrease of about 29.5% from HKD 14.6 million in the previous year[10] - The cost of goods sold was HKD 10,282,000, down from HKD 14,602,000 in the previous year, reflecting a 29.5% reduction[26] - Depreciation expenses for property, plant, and equipment amounted to HKD 1,363,000, an increase of 17.5% from HKD 1,160,000 in 2020[53] Shareholder Information - As of March 31, 2021, the major shareholder, Jianjing Venture Capital Limited, held 1,050,000,000 shares, representing 75% of the issued share capital[16] - Basic and diluted loss per share was HKD 0.26, compared to HKD 0.15 for the same period last year[26] - The average number of issued ordinary shares for the calculation of basic loss per share was 1,400,000 shares, unchanged from the previous year[59] Corporate Governance and Compliance - The company has adopted the corporate governance code as per GEM Listing Rules and confirmed compliance for the fiscal year[23] - The group did not recommend any dividend for the three months ended March 31, 2021[56] Market Conditions and Strategy - The group continues to monitor the market conditions and adjust its strategies accordingly in response to the pandemic[8] - The company continues to focus on expanding its food processing and restaurant services despite the challenges faced during the period[40] - The group operates primarily in Hong Kong, engaging in the processing and sale of fresh, frozen, and cooked food, as well as providing transportation services and operating restaurants[8] - The group operates primarily in Hong Kong, with all external customer revenue generated in this region[45] Other Information - The company had no share options granted under the share option scheme since its adoption on June 5, 2017[18] - There were no significant mergers or acquisitions reported during the period[8] - There were no purchases, sales, or redemptions of the company's securities during the three months ended March 31, 2021[20] - The group’s total equity as of March 31, 2021, was HKD 137,937,000, a decrease from HKD 141,708,000 as of March 31, 2020[31] - The company’s cash and cash equivalents decreased to HKD 27,808,000 from HKD 29,846,000 year-over-year[31] - The group’s tax provision was calculated at a rate of 16.5%, consistent with the previous year[55]
运兴泰集团(08362) - 2021 Q1 - 季度财报