Financial Performance - The Group recorded an unaudited revenue of approximately HK$43.6 million for the three months ended March 31, 2021, representing a decrease of approximately 4.2% compared to HK$45.5 million for the same period in 2020[13]. - The Group's unaudited loss for the period was approximately HK$7.2 million, a decrease of approximately HK$5.2 million or 41.9% compared to a loss of approximately HK$12.5 million for the same period in 2020[14]. - Loss per share improved to HK$0.67 for the three months ended March 31, 2021, compared to HK$1.45 for the same period in 2020[13]. - The total comprehensive expense for the period attributable to owners of the Company was approximately HK$6.9 million, down from HK$12.5 million in the previous year[21]. - The Group's loss before taxation was approximately HK$7.2 million, compared to HK$12.4 million for the same period in 2020[21]. - The loss attributable to owners of the Company for the three months ended March 31, 2021 was HK$6,868,000, compared to a loss of HK$12,459,000 for the same period in 2020, representing a 44.8% improvement[66]. - The Group's total comprehensive expense for the period ended 31 March 2021 was HK$87,740,000, compared to HK$80,872,000 for the period ended 1 January 2021[25]. - The Group's loss for the period ended 31 March 2021 was HK$16,305,000, an increase from a loss of HK$1,865,000 for the period ended 1 January 2021[25]. Revenue Breakdown - For the three months ended 31 March 2021, the Group's revenue from fine dining was HK$25,437,000, an increase from HK$19,357,000 in the same period of 2020, representing a growth of 31.8%[39]. - Casual dining revenue decreased significantly to HK$8,249,000 from HK$18,302,000, reflecting a decline of 54.9% year-over-year[39]. - The Group's revenue from mid-market dining was HK$5,793,000, down 26.3% from HK$7,856,000 in the previous year[39]. - Specialty coffee revenue was HK$4,131,000, with no revenue reported in the same period of the previous year[39]. - Revenue from high-end catering services increased by 31.4% to HK$25.4 million compared to HK$19.4 million in the same period last year[71]. - Revenue generated from "Louise" and "Duddell's" increased by 10.3% compared to the first quarter of 2020[71]. - "Between" recorded a revenue of HK$4.1 million despite being opened in November 2020, indicating strong market performance[71]. Cost Management - Staff costs decreased to approximately HK$19.8 million from HK$23.1 million in the previous year, reflecting a reduction of about 14.0%[21]. - Depreciation expenses decreased to approximately HK$7.7 million from HK$8.9 million, indicating a reduction of about 12.9%[21]. - Property rentals and related expenses significantly decreased to approximately HK$1.9 million from HK$7.3 million, a reduction of approximately 73.8%[21]. - Raw materials and consumables used amounted to approximately HK$12.4 million, representing 28.4% of total revenue for the period, compared to 25.0% in the previous year[80]. - The decrease in loss was mainly due to reductions in staff costs, depreciation, and property rentals and related expenses[83]. Corporate Governance - The company has established an audit committee to review financial reports and internal controls, comprising three independent non-executive directors[88]. - The company has adopted a code of conduct for directors' securities transactions, ensuring compliance with GEM Listing Rules[88]. - The Company has complied with the corporate governance code provisions, except for the separation of the roles of chairman and chief executive officer, which are held by Ms. Wong Pui Yain[128]. - The Company is committed to maintaining high corporate governance standards and will continuously review its practices[128]. - The Company emphasizes transparency and timely disclosure of corporate information to enhance investor relations[129]. Shareholding Structure - As of March 31, 2021, Ms. Wong Pui Yain holds 409,670,000 shares through a controlled corporation, representing 39.70% of the total shareholding[89]. - Ms. Wong Pui Yain also has a beneficial ownership of 77,356,000 shares, which accounts for 7.50% of the total shareholding[89]. - The shareholding structure indicates significant control by a few key individuals and entities[106][115]. - The company has disclosed no other interests or short positions in shares or debentures as of March 31, 2021[107][108]. Future Outlook - The Group is confident in creating new market opportunities and reaching new heights in the future[80]. - The Group plans to further consolidate and expand its brand and sales networks, launching additional "star brands" to enhance market penetration[78]. - The Group is investing more resources in advanced technology systems and big data applications to improve efficiency and promote sustainable development[78]. - The Board will proactively seek potential business opportunities to broaden the Group's income sources and enhance shareholder value[134].
佳民集团(08519) - 2021 Q1 - 季度财报