Financial Performance - Revenue for the three months ended June 30, 2021, was HKD 144.99 million, representing a 47.5% increase from HKD 98.21 million in the same period last year[6]. - Gross profit for the period was HKD 13.98 million, compared to HKD 9.87 million, reflecting a 41.4% increase[6]. - Net profit for the period was HKD 10.99 million, up from HKD 8.39 million, marking a 30.5% increase year-over-year[6]. - Total comprehensive income for the period was HKD 11.14 million, compared to HKD 8.39 million, an increase of 32.8%[6]. - Basic and diluted earnings per share increased to HKD 3.0 cents from HKD 2.2 cents, a rise of 36.4%[8]. - The company reported a profit attributable to owners of the company of HKD 11,482,000 for the three months ended June 30, 2021, compared to HKD 8,385,000 for the same period in 2020, representing an increase of approximately 37.5%[22]. - Net profit for the three months ended June 30, 2021, was approximately HKD 10,993,000, representing an increase of about 31.1% from approximately HKD 8,385,000 in the same period last year[53]. Costs and Expenses - Other income decreased to HKD 0.87 million from HKD 3.89 million, a decline of 77.7%[6]. - The cost of materials and consumables used rose to HKD 44.25 million from HKD 28.73 million, an increase of 54%[6]. - Employee costs increased to HKD 39.56 million from HKD 25.25 million, reflecting a 56.7% rise[6]. - Depreciation of property, plant, and equipment was HKD 4.82 million, slightly up from HKD 4.17 million[6]. - Raw materials and consumables increased by approximately 54.0% compared to Q1 2021, primarily due to new restaurant openings, with the percentage of revenue rising from 29.3% to 30.5%[48]. - Employee costs rose by approximately 56.7% compared to Q1 2021, with the percentage of revenue increasing from 25.7% to 27.3%[49]. - Property rental and related expenses grew by approximately 40.1% compared to Q1 2021, while the percentage of revenue decreased from 5.4% to 5.1%[51]. - Other expenses amounted to approximately HKD 8,030,000, increasing by about 37.6% compared to Q1 2021, with the percentage of revenue slightly increasing from 5.9% to 5.5%[52]. Business Expansion - The company continues to explore market expansion opportunities and new product development strategies[6]. - The company opened two new restaurants during the first quarter of fiscal year 2022, bringing the total number of restaurants to 34 as of June 30, 2021[26]. - The company plans to open additional restaurants, including "Same Same" in Shanghai and "十里湘薈" in 圓方, with expected opening dates in the third quarter of 2021[30]. - The company has a total of 17 Japanese cuisine restaurants as of June 30, 2021, an increase from 15 as of March 31, 2021[28]. - The company opened two new restaurants in May and June 2021, contributing to revenue growth[39]. Customer Metrics - The total number of customers served in Q1 of FY2022 was 721,552, representing an increase of 139,382 customers or 23.9% from the previous year[34]. - Average spending per customer rose from HKD 168.7 to HKD 200.9, with an adjusted average of HKD 206.0 excluding snack and dessert businesses[34]. - The average daily revenue per restaurant in Q1 of FY2022 was 97% of the benchmark set in June 2020, indicating recovery despite ongoing social distancing measures[44]. - The company reported a 50.9% contribution to revenue from Japanese cuisine, amounting to HKD 73,790,000 in Q1 of FY2022[39]. - The dessert business saw a decline of 39.4% in revenue, contributing only HKD 1,142,000 in Q1 of FY2022[39]. - The average spending per transaction at snack kiosks increased by 3.4% to HKD 42.8 in Q1 of FY2022[34]. Financial Position - Total borrowings as of June 30, 2021, were approximately HKD 400,000, a decrease of 50.0% compared to March 31, 2021[55]. - Cash and cash equivalents were approximately HKD 92,000,000 as of June 30, 2021, indicating a stable liquidity position[55]. - The company is in a net cash position as of June 30, 2021, with no significant contingent liabilities reported[56][57]. Corporate Governance - The company has complied with the corporate governance code as per GEM Listing Rules during the reporting period[69]. - No competition or conflict of interest was reported among directors or major shareholders as of June 30, 2021[71]. - The Audit Committee reviewed the unaudited consolidated financial statements for the three months ending June 30, 2021, confirming compliance with applicable accounting standards and disclosure requirements[72]. - The company expressed gratitude to employees and management for their contributions during the reporting period[73]. Future Outlook - Future business outlook is optimistic, with plans for continued improvement in food quality and service, as well as ongoing discussions for new potential locations in Hong Kong and China[59]. - The company aims to enhance customer dining experiences to ensure perceived value during challenging times[59]. Shareholder Information - As of June 30, 2021, major shareholders hold significant stakes, with Mr. Huang and Ms. Chen each owning 260,302,000 shares, representing 67.273% of the total shares[65]. - IKEAB Limited, beneficially owned by Mr. Huang and Ms. Chen, holds 250,318,000 shares, accounting for 64.693% of the total shares[65]. Dividends - The board of directors has decided to increase the dividend policy from at least 30% to at least 50% starting from the fiscal year beginning April 1, 2021[19]. - The company did not recommend the payment of an interim dividend for the three months ended June 30, 2021[19]. Other Information - The company has no significant investments, acquisitions, or disposals of subsidiaries and associates during the first quarter of fiscal year 2022[32]. - The tax rate for the company's subsidiaries in China is 25%, while the estimated tax rate for Hong Kong profits tax is 16.5%[19]. - The diluted earnings per share calculation included a potential impact from 901 share options for the three months ended June 30, 2021[22]. - The company did not purchase, sell, or redeem any of its listed securities during the three months ending June 30, 2021[68].
尝高美集团(08371) - 2022 Q1 - 季度财报