Financial Performance - The Group recorded an unaudited revenue of approximately HK$123.0 million for the nine months ended 30 September 2020, representing a decrease of approximately 19.3% compared to HK$152.4 million for the same period in 2019[13]. - The unaudited loss attributable to owners of the Company was approximately HK$15.1 million for the nine months ended 30 September 2020, a decrease in loss of approximately HK$5.5 million compared to a loss of approximately HK$20.6 million for the same period in 2019[14]. - Loss per share for the nine months ended 30 September 2020 was HK$1.74, compared to HK$2.39 for the same period in 2019, indicating an improvement[13]. - Revenue for the third quarter ended 30 September 2020 was HK$39.1 million, down from HK$49.0 million in the same quarter of 2019, reflecting a decline of approximately 20.0%[22]. - Total comprehensive expense for the period attributable to owners of the Company was HK$15.1 million for the nine months ended 30 September 2020, compared to HK$20.6 million for the same period in 2019[22]. - The Group's loss before taxation for the nine months ended 30 September 2020 was HK$14.5 million, compared to HK$20.2 million for the same period in 2019, indicating a reduction in losses[22]. - The total comprehensive expense for the nine months ended September 30, 2020, was HK$80,984,000, compared to HK$63,352,000 for the same period in 2019, reflecting an increase of approximately 27.0%[27]. - The loss for the nine months ended 30 September 2020 was HK$15,071,000, compared to a loss of HK$20,586,000 for the same period in 2019[60]. - Excluding one-off government subsidies, the Company would have recorded a loss of approximately HK$28.1 million for the nine months ended September 30, 2020, representing an increase in loss of approximately HK$7.5 million compared to the previous year[86]. Revenue Breakdown - Revenue from restaurant operations includes income from catering services and membership fees, with detailed revenue breakdowns provided in the financial statements[38]. - Revenue from catering services for the three months ended 30 September 2020 was HK$39,103,000, a decrease of 19.5% compared to HK$48,623,000 for the same period in 2019[41]. - Total revenue for the nine months ended 30 September 2020 was HK$122,994,000, down 19.2% from HK$152,421,000 in the same period of 2019[41]. - Membership fee income for the nine months ended 30 September 2020 was HK$181,000, compared to HK$392,000 for the same period in 2019, reflecting a decline of 53.8%[41]. - The Group's revenue breakdown by cuisine type showed that Asian restaurants contributed approximately 49.4% of total revenue, while European cuisine accounted for 50.6% for the nine months ended September 30, 2020[81]. Operating Expenses - The Group's total operating expenses decreased, with staff costs for the nine months ended 30 September 2020 at HK$59.5 million, down from HK$66.8 million in 2019[22]. - The Group's finance costs for the nine months ended 30 September 2020 were HK$1.6 million, a decrease from HK$3.3 million in the same period of 2019[22]. - Staff costs decreased by approximately HK$7.3 million from HK$66.8 million in the nine months ended September 30, 2019, to approximately HK$59.5 million in 2020, primarily due to a reduction in the number of restaurant staff[84]. - The Group implemented cost control measures, including offering no-pay leave to employees, to manage expenses during the COVID-19 pandemic[83]. - The Company has implemented cost-saving initiatives to reduce expenses related to rentals, raw materials, and other operating costs[68]. Corporate Governance - The Company has adopted a code of conduct for directors' securities transactions, ensuring compliance with GEM Listing Rules[92]. - The company is committed to high corporate governance standards and has complied with the CG Code, except for the deviation regarding the roles of chairman and CEO[121]. - The company maintains a policy of open and timely disclosure of corporate information to enhance investor relations[122]. - The corporate website provides an effective communication platform for shareholders and the public, ensuring transparency[125]. - The company will continue to review the separation of the roles of chairman and CEO as appropriate[121]. Future Plans and Strategies - The Company plans to expand into more market segments through a multi-brand and multi-concept strategy, focusing on light meal cuisines which have shown higher operating profits[68]. - The Company intends to enhance its sales and supply chain capabilities by upgrading its ordering platform, JIA Everywhere, and developing a cloud kitchen[68]. - The Company is exploring investment opportunities in the food technology industry, targeting companies with innovative business models and growth potential[68]. - The Group plans to continue monitoring market conditions and adjusting its strategies accordingly to navigate the ongoing challenges posed by the pandemic[86]. - The Board will proactively seek potential business opportunities to broaden income sources and enhance shareholder value[173]. Shareholding Structure - Ms. Wong Pui Yain holds a total of 409,670,000 shares, representing 39.70% of the Company's issued share capital[95]. - Ms. Wong Pui Yain also has a beneficial interest in 66,816,000 shares and her spouse holds 2,880,000 shares, totaling 69,696,000 shares or 6.75%[95]. - Mr. Wee Keng Hiong, Tony holds 1,000,000 shares, which is 0.10% of the Company's issued share capital[95]. - Giant Mind International Limited, controlled by Ms. Wong Pui Yain, holds 39.70% of the Company's issued shares[101]. - As of September 30, 2020, no other Directors or the chief executive had interests or short positions in the shares or debentures of the Company[102]. Operational Context - The Group's operations were affected by the COVID-19 outbreak, leading to a significant reduction in customer visits to restaurants[84]. - As of September 30, 2020, all restaurants have resumed operations with extended business hours until midnight, following the easing of social distancing measures in Hong Kong[68]. - The Group's operations are solely based in Hong Kong, with no geographical expansion reported for the nine months ended 30 September 2020[42]. - The Group has only one operating segment, which is the management of restaurants in Hong Kong, with no further segment analysis provided[42].
佳民集团(08519) - 2020 Q3 - 季度财报