Financial Performance - The group's revenue for the three months ended June 30, 2021, was HKD 24,516,000, a decrease of 13.9% compared to HKD 28,494,000 for the same period in 2020[5]. - Other income for the same period was HKD 120, significantly down from HKD 3,165, indicating a decline of 96.2%[5]. - The group reported a profit before tax of HKD 11,591,000, compared to a loss of HKD 543,000 in the previous year, marking a substantial turnaround[5]. - Basic earnings per share for the period was HKD 1.21, compared to a loss per share of HKD 0.07 in the same quarter of 2020[5]. - Total revenue for the group for the three months ended June 30, 2021, was approximately HKD 24.5 million, a decrease of 14.0% from HKD 28.5 million in the same period last year, primarily due to a reduction in the number of restaurants and the severe economic downturn caused by COVID-19[42]. - The group recorded a profit attributable to owners of approximately HKD 11.6 million for the three months ended June 30, 2021, compared to a loss of HKD 0.6 million in the same period last year, mainly due to gains from the sale of a property and subsidiary[51]. Revenue Breakdown - Chinese cuisine revenue was HKD 6,003,000, down 32.5% from HKD 8,900,000 in 2020[18]. - Thai cuisine revenue decreased to HKD 7,104,000, a decline of 16.8% from HKD 8,537,000 in 2020[18]. - Malaysian cuisine revenue was HKD 8,712,000, down 7.4% from HKD 9,406,000 in 2020[18]. - For the three months ended June 30, 2021, the revenue from "麻酸樂╱嫲孫樂" was approximately HKD 6.0 million, accounting for 24.5% of total revenue, representing a decrease of 32.6% compared to the same period last year due to the impact of COVID-19[38]. - "泰巷" generated revenue of approximately HKD 7.1 million, making up 29.0% of total revenue, which is a decrease of 16.8% year-on-year, attributed to a reduction in the number of restaurants and the effects of COVID-19[38]. - "峇峇娘惹" recorded revenue of approximately HKD 8.7 million, contributing 35.5% to total revenue, with a year-on-year decrease of 7.4% due to fewer restaurants and the impact of COVID-19[38]. - The food sales segment, which started a new business selling ingredients to a restaurant group, achieved revenue of approximately HKD 2.7 million, representing 11.0% of total revenue, with a significant increase of 63.4% compared to the previous year due to sales growth[39]. Cost Management - The cost of materials and consumables used was HKD 8,896,000, slightly higher than HKD 8,673,000 in the previous year, reflecting a 2.6% increase[5]. - The cost of materials and consumables was approximately HKD 8.9 million, accounting for 36.3% of total revenue, compared to HKD 8.7 million and 30.4% in the previous year, with the increase attributed to higher food costs related to new menu items[43]. - Employee costs, including depreciation, totaled HKD 13,075,000, down from HKD 18,872,000, showing a decrease of 30.5%[5]. - Employee costs decreased by approximately 21.6% to HKD 8.9 million from HKD 11.3 million in the previous year, mainly due to a reduction in the number of restaurants and tighter cost control[44]. - Depreciation expenses were approximately HKD 4.2 million, accounting for 17.2% of total revenue, down from HKD 7.6 million and 26.6% in the previous year, primarily due to fewer restaurants[46]. Corporate Governance and Compliance - The company has adopted the corporate governance code as per GEM Listing Rules Appendix 15, ensuring compliance with all applicable provisions as of June 30, 2021[73]. - The audit committee, established on January 29, 2018, has reviewed the unaudited condensed consolidated financial statements for the three months ended June 30, 2021, confirming compliance with applicable accounting standards and GEM Listing Rules[79]. - The company has adopted strict trading codes for directors, ensuring compliance with GEM listing rules[71]. Shareholder and Equity Information - The major shareholder MJL holds a beneficial interest of 56.25% in the company[65]. - The beneficial interests of directors in MJL include 30.24% by Ms. Huang and 18.24% by Ms. Wang[65]. - On June 30, 2021, the company was informed by its controlling shareholder, Marvel Jumbo, about a placement agreement to issue up to 150,000,000 shares at a price not less than HKD 0.12 per share[75]. - On July 8, 2021, 60,000,000 shares were successfully placed at HKD 0.121 per share, representing 6.25% of the company's total issued share capital[75]. - Following the placement, Marvel Jumbo's equity in the company decreased to 480,000,000 shares, representing 50.00% of the total issued share capital[75]. Future Outlook and Strategic Initiatives - The company continues to focus on its core restaurant operations while exploring potential market expansion opportunities[10]. - The company plans to enhance operational efficiency and strengthen cost control measures in response to ongoing challenges[34]. - The company will continue to monitor the COVID-19 situation closely and adjust its business operations accordingly[34]. - A conditional agreement was signed for the acquisition of 100% of the issued share capital of a target company for HKD 60,000,000[35]. - The company has established a share option scheme aimed at attracting, retaining, and motivating outstanding participants for future development and expansion[72]. - As of June 30, 2021, no share options were granted, exercised, expired, or lapsed, and there are no unexercised share options under the scheme[72]. Other Financial Information - The group did not incur any income tax expenses during the period, consistent with the previous year[5]. - No dividends were recommended for the three months ended June 30, 2021[29]. - The net proceeds from the 2020 placement amounted to HKD 8,150,000, with HKD 6,575,000 utilized by June 30, 2021, leaving HKD 1,575,000 unutilized[55]. - The company completed the sale of Access Gear Investment Limited for HKD 21,500,000 on June 30, 2021[59]. - The company also sold a property located at Kwai Chung for HKD 22,000,000, with the transaction completed on May 24, 2021[59]. - As of June 30, 2021, the company had no significant contingent liabilities or capital commitments[58][60]. - The company reported no major investments or acquisitions during the three months ending June 30, 2021[60]. - There were no purchases, sales, or redemptions of the company's listed securities by the company or its subsidiaries during the reporting period[62]. - The company does not face significant foreign exchange risks as its major transactions are denominated in HKD[57].
倩碧控股(08367) - 2022 Q1 - 季度财报