Financial Performance - The Group recorded revenue of approximately HK$72.1 million for the nine months ended 31 December 2018, a decrease of 19.7% compared to approximately HK$89.7 million for the same period in 2017[18]. - The Group's gross profit for the nine months ended 31 December 2018 was approximately HK$44.4 million, down 13.5% from approximately HK$51.3 million in the corresponding period of 2017[18]. - Loss attributable to owners of the Company for the nine months ended 31 December 2018 was approximately HK$8.5 million, compared to a loss of approximately HK$7.9 million for the same period in 2017, representing a 7.6% increase in loss[19]. - Basic and diluted loss per share was approximately 0.71 HK cents for the nine months ended 31 December 2018, compared to approximately 0.66 HK cents for the same period in 2017, indicating a 7.6% increase in loss per share[19]. - Revenue for the three months ended December 31, 2018, was HK$22,814, a decrease of 36.4% compared to HK$36,034 for the same period in 2017[24]. - Total comprehensive loss attributable to owners of the Company for the period was HK$8,473, resulting in a loss per share of HK$0.71[24]. - The Group's total revenue for the nine months ended December 31, 2018, was HK$72,116, reflecting a decline in overall performance compared to the previous year[53]. - Revenue for the nine months ended 31 December 2018 decreased by approximately HK$17.6 million to HK$72.1 million compared to HK$89.7 million for the same period in 2017[77]. Expenses and Costs - Staff costs for the nine months ended December 31, 2018, amounted to HK$21,511, a decrease from HK$27,013 in the previous year[24]. - Cost of inventories sold decreased by approximately HK$10.7 million to HK$27.7 million for the nine months ended December 31, 2018, down from approximately HK$38.4 million in 2017[77]. - Employee benefit expenses for the three months ended December 31, 2018, were HK$5,512, a decrease of 12.1% compared to HK$6,269 in the same period of 2017[57]. - Administrative expenses decreased by approximately HK$0.8 million to HK$8.7 million for the nine months ended December 31, 2018, down from approximately HK$9.5 million for the same period in 2017, primarily due to the closure of two branches[87]. - Property rentals and related expenses for the nine months ended December 31, 2018, were HK$19,035, slightly up from HK$18,621 in the previous year[24]. Operational Changes - The decrease in revenue was mainly due to the closure of two restaurants in April and June 2018 and a decrease in customer visits[77]. - The Group plans to continue its prudent site selection strategy to expand its network of hotpot restaurants, focusing on locations with suitable rent rates[104]. - The Group is exploring the commercial viability of extending business hours and has already implemented this measure in one restaurant, offering special discounts during "happy hour" and "late night"[104]. Governance and Compliance - The Company has complied with the Corporate Governance Code for the nine months ended December 31, 2018[157]. - The Company confirms that all directors have complied with the required standard of dealings regarding securities transactions for the nine months ended December 31, 2018[158]. - The Company has not disclosed any substantial shareholders with interests or short positions that require notification under the SFO as of December 31, 2018[152][155]. - The company has complied with the corporate governance code as per GEM Listing Rules Appendix 15 for the nine months ended December 31, 2018[162]. - The Audit Committee reviewed the unaudited consolidated financial statements for the nine months ended December 31, 2018, and confirmed compliance with applicable accounting standards and GEM Listing Rules[168]. Shareholding and Directors - As of December 31, 2018, Sure Wonder holds 889,200,000 shares, representing 74.1% of the issued share capital of the Company[149][151]. - Ms. Wong and Mr. Kwok, both executive directors, are deemed to be interested in each other's shares under the SFO due to their marital relationship[135][140]. - Mr. Chan Lap Ping, another executive director, is deemed to be interested in shares held by his spouse, Ms. Yang, under the SFO[140]. - No other directors or the chief executive had any interests or short positions in shares or debentures of the Company or its associated corporations as of December 31, 2018[141][152]. - The aggregate control of shares by Ms. Wong, Mr. Kwok, Mr. Tam, Ms. Yang, and Mr. Hui through Sure Wonder constitutes a group of controlling shareholders[151][153]. - There are no competing business interests among the directors or controlling shareholders that conflict with the Group's business[156]. - No share options have been granted since the adoption of the share option scheme on January 20, 2017, and there were no outstanding share options as of December 31, 2018[162].
国茂控股(08428) - 2019 Q3 - 季度财报