Revenue Performance - For the nine months ended September 30, 2021, the group recorded revenue of approximately HKD 58.7 million, an increase of about 6.5% compared to approximately HKD 55.1 million in the same period last year[9]. - For the three months ended September 30, 2021, the company reported revenue of HKD 22,233,000, an increase of 28.4% compared to HKD 17,343,000 for the same period in 2020[29]. - For the nine months ended September 30, 2021, the company achieved revenue of HKD 58,733,000, up 6.0% from HKD 55,112,000 in the same period of 2020[29]. - Revenue from food processing and trading for the nine months ended September 30, 2021, was HKD 40,929,000, down 17% from HKD 49,347,000 in 2020[51]. - Restaurant operations revenue increased significantly to HKD 17,804,000 for the nine months ended September 30, 2021, compared to HKD 5,765,000 in 2020, representing a growth of 209%[51]. Loss and Expenses - The group incurred a loss before tax of approximately HKD 12.5 million for the nine months ended September 30, 2021, compared to a loss of approximately HKD 6.4 million in the same period last year[11]. - The group recorded a net loss of approximately HKD 14.0 million for the nine months ended September 30, 2021, compared to a net loss of approximately HKD 6.8 million in the same period last year[14]. - The company reported a loss before tax of HKD 12,909,000 for the nine months ended September 30, 2021, compared to a loss of HKD 6,970,000 in 2020[57]. - The company reported a loss of HKD 6,668,000 for the three months ended September 30, 2021, compared to a loss of HKD 2,154,000 for the same period in 2020, representing an increase in loss of 209%[30]. - The total comprehensive expenses for the three months ended September 30, 2021, amounted to HKD 6,075,000, compared to HKD 1,656,000 for the same period in 2020, indicating a rise of 267%[30]. Employee Benefits - Employee benefits expenses increased from approximately HKD 13.5 million to approximately HKD 17.6 million, primarily due to an increase in the number of employees in the restaurant business[12]. - The company reported employee benefit expenses of HKD 6,589,000 for the three months ended September 30, 2021, an increase of 60.6% from HKD 4,103,000 in the same period of 2020[29]. Tax and Dividends - The income tax expense for the nine months ended September 30, 2021, was approximately HKD 1.1 million, compared to a tax credit of approximately HKD 0.2 million in the same period last year[13]. - The board did not declare any dividends for the nine months ended September 30, 2021, compared to a dividend of HKD 0.01 per share in the same period last year[8]. - The company did not declare or pay any dividends for the nine months ended September 30, 2021, compared to HKD 14,000,000 in dividends declared in 2020[62]. Financial Position - The company's total equity as of September 30, 2021, was HKD 111,660,000, a decrease from HKD 122,100,000 as of September 30, 2020[34]. - The company’s retained earnings showed a cumulative loss of HKD 2,548,000 as of September 30, 2021, compared to HKD 8,868,000 as of September 30, 2020[34]. Corporate Governance and Compliance - The company has complied with the corporate governance code as per GEM Listing Rules throughout the review period[26]. - The financial data presented is unaudited and prepared in accordance with the applicable disclosure requirements of the GEM Listing Rules[38]. Business Development - The group aims to adopt a pragmatic and proactive approach to develop its business and enhance profitability for shareholders[7]. - The company has not reported any significant new product developments or market expansions in the current financial period[67]. Joint Ventures - The group entered into a joint venture agreement with Tian Jiao Limited, with an initial investment of HKD 3 million to establish the first joint venture restaurant in Hong Kong[7].
运兴泰集团(08362) - 2021 Q3 - 季度财报