Financial Performance - Revenue for the six months ended February 28, 2021, was HKD 9,107,000, a decrease of 1% compared to HKD 9,198,000 for the same period in 2020[5] - The group reported a net loss of HKD 638,000 for the six months ended February 28, 2021, compared to a net loss of HKD 1,572,000 for the same period in 2020, representing a 59% improvement[5] - The group reported a total comprehensive loss of HKD 642,000 for the six months ended February 28, 2021, compared to HKD 1,574,000 for the same period in 2020, showing a significant reduction in losses[6] - The company incurred a total comprehensive loss of SGD 646,000 for the six months ended February 28, 2021, compared to a total comprehensive loss of SGD 1,574,000 for the same period in 2020, showing an improvement of 59%[14] Assets and Liabilities - Total assets as of February 28, 2021, were HKD 13,909,000, down from HKD 15,796,000 as of August 31, 2020[9] - The total equity attributable to the owners of the parent company decreased to HKD 3,075,000 from HKD 3,721,000 as of August 31, 2020[9] - The group’s non-current assets totaled HKD 16,760,000 as of February 28, 2021, slightly down from HKD 16,883,000 as of August 31, 2020[8] - The group's current liabilities net amount was approximately SGD 5.5 million as of February 28, 2021, compared to SGD 6.0 million on August 31, 2020[63] Cash Flow - For the six months ended February 28, 2021, the company reported a net cash inflow from operating activities of SGD 1,906,000, an increase from SGD 1,384,000 in the same period of 2020, representing a growth of 37.6%[14] - The company reported a net cash outflow from investing activities of SGD 143,000 for the six months ended February 28, 2021, a significant improvement compared to SGD 1,646,000 in the same period of 2020[14] - The company’s financing activities resulted in a net cash outflow of SGD 2,212,000 for the six months ended February 28, 2021, contrasting with a net cash inflow of SGD 575,000 in the same period of 2020[14] Revenue Breakdown - The company's restaurant operations generated revenue of SGD 9,059,000 for the six months ended February 28, 2021, up from SGD 8,850,000 in the previous year, reflecting a growth of 2.4%[25] - Revenue from external customers for the three months ended February 28, 2021, was 4,644 thousand SGD, an increase of 6.6% compared to 4,356 thousand SGD for the same period in 2020[27] - Revenue from food sales decreased significantly from approximately 222,000 SGD in the previous year to about 18,000 SGD in the current period, attributed to COVID-19 measures[52] - Revenue from franchise and patent services dropped by approximately 76.2%, from about 126,000 SGD to around 30,000 SGD, due to the impact of COVID-19 on global economies[54] Expenses - Employee costs for the six months ended February 28, 2021, were HKD 2,967,000, a decrease of 5% from HKD 3,128,000 in the same period of 2020[5] - The cost of used inventory increased from approximately SGD 2.3 million in the same period last year to about SGD 2.5 million this period, representing an increase of approximately 8.7%[55] - Rental and related expenses rose from approximately SGD 358,000 in the same period last year to about SGD 426,000 this period, an increase of approximately 19.0%[57] - Other expenses decreased from approximately SGD 1.5 million in the same period last year to about SGD 1.4 million this period, a reduction of approximately 6.7%[59] Shareholder Information - The total number of issued shares is 440,000,000[81] - As of February 28, 2021, Canola holds 216,990,000 shares, representing approximately 49.32% of the company's issued shares[80] - The major shareholders, including Mr. Lai Wei Jie, Mr. Ye, Mr. He, Mr. Chen, and Mr. Wu, collectively hold 49.32% of the shares through Canola[79] - The company has not repurchased any of its listed securities during the reporting period[83] Corporate Governance - The company has adopted and complied with all applicable code provisions of the corporate governance code during the period[87] - All directors have confirmed compliance with the trading code of conduct throughout the period, as per special inquiries made by the company[86] - The audit committee, established on July 23, 2018, consists of three independent non-executive directors and is responsible for reviewing the group's financial reporting procedures and internal control systems[94] Business Operations - The group operates a total of 15 self-operated restaurants and 1 central kitchen[45] - The group plans to expand its network into other Southeast Asian countries and aims to become a leading restaurant operator in Singapore[49] - The group has opened three restaurants under the "Chir Chir" brand and two under the "Masizzim" brand in Singapore[45] - The group has temporarily suspended operations of the "Sora Boru" restaurant due to declining performance[47]
易站绿色科技(08475) - 2021 - 中期财报