Financial Performance - The group's revenue for the three months ended November 30, 2020, was HKD 4,463,000, a decrease of 7.8% compared to HKD 4,842,000 for the same period last year[4]. - Other income increased significantly to HKD 622,000 from HKD 14,000 in the previous year, marking a growth of 4,343%[4]. - The group reported a pre-tax loss of HKD 227,000, an improvement of 52.4% compared to a loss of HKD 475,000 in the same period last year[4]. - The basic and diluted loss per share for the period was HKD 0.05, down from HKD 0.12 in the previous year[4]. - Total comprehensive loss for the period was HKD 233,000, compared to HKD 474,000 for the same period last year, reflecting a reduction of 50.9%[5]. - The group incurred employee costs of HKD 1,417,000, a decrease of 7.5% from HKD 1,532,000 in the previous year[4]. - Depreciation and amortization expenses rose to HKD 1,383,000, an increase of 6.6% compared to HKD 1,297,000 in the previous year[4]. - The group’s marketing and advertising expenses decreased to HKD 78,000 from HKD 130,000, a reduction of 40%[4]. Revenue Breakdown - Restaurant operations revenue for the three months ended November 30, 2020, was SGD 4,440,000, a decrease of 4.2% from SGD 4,635,000 in the same period of 2019[16]. - Total revenue for the group for the three months ended November 30, 2020, was SGD 4,463,000, down 7.8% from SGD 4,842,000 in the previous year[16]. - Government grants received during the period amounted to SGD 279,000, significantly up from SGD 14,000 in the same period last year, reflecting support measures during the COVID-19 pandemic[21]. - The group reported a pre-tax loss of SGD 216,000 for the three months ended November 30, 2020, compared to a loss of SGD 484,000 in the same period of 2019[28]. - Revenue from restaurant operations decreased by approximately 4.4% to about SGD 4.4 million compared to SGD 4.6 million in the same period last year, primarily due to the impact of COVID-19[34]. - Revenue from food sales dropped significantly from approximately SGD 144,000 to about SGD 8,000, attributed to government measures against COVID-19[36]. - Revenue from franchise and licensing services decreased by approximately 76.2%, from SGD 63,000 to SGD 15,000, due to the pandemic's impact on global economies[37]. Operational Changes - The group ceased restaurant operations in Malaysia in March 2020, and certain franchise operations in Singapore were terminated in January 2020[18]. - The group continues to focus on restaurant operations and franchise development in Singapore and Indonesia, aiming for market expansion[9]. - The group plans to expand its restaurant network in Southeast Asia and aims to become a leading restaurant operator in Singapore[32]. - The group has strategically positioned its restaurants in convenient locations and maintains a strong focus on food quality and customer experience[32]. - The company did not make any significant investments or acquisitions during the period, aside from investments in subsidiaries[46]. Shareholder Information - As of November 30, 2020, the company had a total of 440,000,000 shares issued[50]. - Canola, a major shareholder, holds 216,990,000 shares, representing approximately 49.32% of the company's issued shares[52]. - The board members collectively hold significant interests in the company, with each having a stake of 49.32% through controlled entities[48]. - Ong Hui Hui and Teo Yan Qi Sharon, both spouses of board members, also hold 49.32% interests in the company[52]. - The company has a governance structure where major shareholders have agreed to act in concert since October 1, 2015[54]. - The company’s governance and ownership structure indicates a high concentration of control among a few individuals[54]. Compliance and Governance - The company has complied with the GEM Listing Rules regarding the conduct of securities transactions by directors[60]. - The audit committee has reviewed the unaudited consolidated financial statements and believes they have been prepared in accordance with applicable accounting standards[66]. - The company has made no arrangements for directors or their associates to benefit from acquiring shares or debentures of the company[58]. - There are no competitive business interests held by directors or controlling shareholders that conflict with the company's business[62]. - The company has appointed a compliance advisor, which has no interests in the company's securities as of the reporting date[63]. - The board of directors includes both executive and independent non-executive members, ensuring governance compliance[68]. Market Conditions - The Singapore government has made progress in reopening the economy, allowing gatherings of up to 8 people[64]. - The company expresses gratitude to shareholders, business partners, and customers for their continued support[67]. Future Outlook - The company’s financial performance metrics and future outlook were not detailed in the provided documents[46]. - No significant changes in user data or performance guidance were reported in the earnings call[46]. - The company has not disclosed any new product developments or market expansion strategies in the current report[46]. - The company has not repurchased any of its listed securities during the reporting period[56]. - No stock options have been granted or agreed to be granted under the stock option plan since its adoption date[57].
易站绿色科技(08475) - 2021 Q1 - 季度财报