Financial Performance - CBK Holdings Limited reported its third-quarter financial highlights, with unaudited revenue of HKD 50 million, representing a 20% increase year-over-year[12]. - The company achieved a net profit of HKD 10 million for the third quarter, which is a 15% increase compared to the same period last year[12]. - The Group recorded revenue of approximately HK$7.7 million for the nine months ended December 31, 2020, a decrease of 80.8% compared to approximately HK$40.1 million for the same period in 2019[25]. - Gross profit for the nine months ended December 31, 2020, was approximately HK$3.0 million, down 86.5% from approximately HK$22.5 million in the prior year[25]. - Loss attributable to owners of the Company was approximately HK$4.6 million for the nine months ended December 31, 2020, compared to a loss of approximately HK$13.0 million for the same period in 2019[25]. - The Group reported a loss for the nine months ended 31 December 2020 of HK$13,034,000, compared to a loss of HK$4,666,000 for the same period in 2019[59]. - The comprehensive loss attributable to owners of the Company was approximately HK$4.6 million for the nine months ended December 31, 2020, a decrease from approximately HK$13.0 million for the same period in 2019[87]. User Growth and Market Strategy - User data indicates a growth in active users by 25%, reaching a total of 200,000 users as of the end of the third quarter[12]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of the fiscal year[12]. - The company has outlined a future outlook with a projected revenue growth of 30% for the next quarter, driven by new product launches[12]. Cost Management and Operational Efficiency - The management has indicated a focus on improving operational efficiency, aiming for a 5% reduction in operational costs by the next quarter[12]. - Staff costs for the nine months ended December 31, 2020, were approximately HK$5.2 million, a decrease from HK$12.9 million in the previous year[27]. - Administrative expenses for the nine months ended December 31, 2020, were approximately HK$4.5 million, down from HK$7.3 million in the same period of 2019[27]. - The total cost of inventories sold for the nine months ended December 31, 2020, was HK$17,615,000, down from HK$20,000,000 in the previous year[52]. New Products and Investments - CBK Holdings is investing HKD 5 million in research and development for new technologies aimed at enhancing user experience[12]. - The company has launched a new product line that is expected to contribute an additional HKD 8 million in revenue over the next two quarters[12]. - CBK Holdings is considering strategic acquisitions to enhance its product offerings, with a budget of HKD 15 million allocated for potential mergers[12]. Corporate Governance and Compliance - CBK Holdings has established a new compliance committee to ensure adherence to regulatory standards, enhancing corporate governance[12]. - The audit committee reviewed the unaudited consolidated financial statements for the nine months ended December 31, 2020, and confirmed compliance with applicable accounting standards and GEM Listing Rules[130]. - The company has complied with the Corporate Governance Code provisions for the nine months ended December 31, 2020[121]. Impact of External Factors - The decline in revenue was mainly attributed to the pandemic and the resulting social distancing measures in Hong Kong[71]. - Closures of multiple restaurant locations contributed to decreased customer traffic and revenue[71]. - The Group's operations have been adversely affected by social distancing measures imposed by the Hong Kong Government[68]. Financial Position and Capital Management - The Company received net proceeds of approximately HK$6.8 million from a placing agreement for up to 240,000,000 placing shares at a price of HK$0.029 per share[94]. - The net proceeds from the placing are intended for the general working capital of the Group[94]. - As of 31 December 2020, the Group did not have any material capital commitments[94]. - The Group did not have any mortgage or charge over its assets as of 31 December 2020[95].
国茂控股(08428) - 2021 Q3 - 季度财报