Financial Performance - The Group recorded an unaudited revenue of approximately HK$45.6 million for the three months ended 31 March 2020, representing a decrease of approximately 18.4% compared to HK$55.9 million for the same period in 2019[14]. - The Group's unaudited loss for the period was approximately HK$12.5 million, an increase of approximately HK$11.2 million or approximately 825.6% compared to a loss of approximately HK$1.3 million for the same period in 2019[15]. - The increase in loss was primarily due to a decrease in revenue caused by the COVID-19 outbreak and related anti-epidemic measures, which reduced customer visits to restaurants[15]. - Revenue for the three months ended March 31, 2020, was HK$45,515,000, a decrease from HK$55,629,000 in the same period of 2019, representing a decline of approximately 18.5%[37]. - The total comprehensive loss for the period ended March 31, 2020, was HK$75,811,000, compared to a loss of HK$63,352,000 for the same period in 2019, indicating an increase in loss of approximately 19.4%[26]. - The Group's revenue from catering services was HK$45,515,000 for the three months ended March 31, 2020, compared to HK$55,629,000 in the same period of 2019, reflecting a decrease of approximately 18.2%[38]. - For the three months ended March 31, 2020, the Group reported a loss attributable to owners of the Company of HK$12,459,000, compared to a loss of HK$1,346,000 for the same period in 2019[57]. - The basic loss per share for the three months ended March 31, 2020, was HK$1.45, compared to HK$0.16 for the same period in 2019[57]. Expenses and Costs - Property rental and related expenses increased to HK$7.3 million, up from HK$3.0 million in the same period last year[22]. - Raw materials and consumables used decreased to HK$11.4 million from HK$13.1 million in the previous year[22]. - Staff costs increased to HK$23.1 million compared to HK$22.0 million in the same period last year[22]. - Advertising and promotion expenses decreased to HK$1.5 million from HK$2.4 million in the previous year[22]. - Total staff costs for the three months ended March 31, 2020, amounted to HK$23,095,000, an increase from HK$21,996,000 in the same period of 2019[47]. Assets and Liabilities - The Group's total assets as of March 31, 2020, were HK$29,175,000, down from HK$73,601,000 as of January 1, 2020[26]. - The Group's total liabilities increased to HK$75,811,000 as of March 31, 2020, compared to HK$63,352,000 as of January 1, 2020, representing an increase of approximately 19.4%[26]. - As of March 31, 2020, the group had net current liabilities of approximately HK$39.3 million, slightly down from HK$39.7 million as of December 31, 2019[81]. - The current ratio of the group as of March 31, 2020, was 0.4, down from 0.5 as of December 31, 2019[81]. - The gearing ratio increased to 398.7% as of March 31, 2020, compared to 237.6% as of December 31, 2019, mainly due to an increase in bank borrowings of HK$10.0 million[81]. Business Operations and Strategy - The Group's principal activities include operating restaurants and providing membership services in Hong Kong[30]. - The Group has suspended operations of two restaurants in Wanchai and plans to explore new restaurant concepts during the suspension period[63]. - The Group is actively negotiating with landlords for rental concessions and suppliers for purchase discounts to mitigate financial impacts[66]. - The Group has implemented stringent cost control measures, including reducing operating hours and offering no-pay leave to employees[66]. - The Group plans to develop and promote its own home delivery service "JIA Everywhere" to cater to customers preferring to dine at home during the pandemic[66]. - The Group will continue to monitor the development of COVID-19 and assess its impact on the economy and business operations[66]. - The Group's restaurant operations have been significantly affected by government-imposed restrictions on customer numbers per table[70]. Corporate Governance and Shareholding - The Company confirmed that all Directors complied with the required standard of dealings regarding securities transactions during the review period[103]. - The Company has established an audit committee in compliance with GEM Listing Rules since January 23, 2018[102]. - The interests and short positions of Directors and the chief executive in the shares of the Company were disclosed as of March 31, 2020[104]. - The company is committed to maintaining high corporate governance standards and has complied with the CG Code during the review period, except for the deviation from code provision A.2.1[132]. - The Board will proactively seek potential business opportunities to broaden the Group's income sources and enhance shareholder value[138].
佳民集团(08519) - 2020 Q1 - 季度财报