Financial Performance - The Group recorded an unaudited revenue of approximately HK$152.8 million for the nine months ended 30 September 2021, representing an increase of approximately 24.4% compared to the corresponding period in 2020[14]. - The unaudited loss attributable to owners of the Company was approximately HK$9.6 million for the nine months ended 30 September 2021, a decrease in loss of approximately HK$5.5 million compared to a loss of approximately HK$15.1 million for the same period in 2020[15]. - Loss per share for the nine months ended 30 September 2021 was HK$0.88, compared to HK$1.74 for the same period in 2020, indicating an improvement[14]. - Revenue for the third quarter ended 30 September 2021 was HK$53.9 million, compared to HK$39.1 million for the same quarter in 2020, reflecting a significant increase[20]. - The Group's total comprehensive loss for the period was HK$11.3 million for the nine months ended 30 September 2021, compared to HK$14.7 million for the same period in 2020[20]. - The Group's loss before taxation for the nine months ended 30 September 2021 was approximately HK$11.1 million, compared to a loss of HK$14.5 million for the same period in 2020[20]. - For the nine months ended September 30, 2021, the Group recorded revenue of approximately HK$152.8 million, an increase of approximately HK$30.0 million or 24.4% compared to HK$122.8 million for the same period in 2020[71]. - The Group's loss for the nine months ended September 30, 2021, was HK$9,579,000, compared to a loss of HK$15,071,000 for the same period in 2020[57]. Revenue Breakdown - Fine dining revenue for the nine months ended September 30, 2021, reached HK$90,649,000, up from HK$64,397,000 in the previous year, reflecting an increase of 40.9%[37]. - Mid-market dining revenue for the three months ended September 30, 2021, was HK$7,143,000, compared to HK$4,958,000 in the same period of 2020, marking a growth of 43.9%[37]. - Specialty coffee revenue for the nine months ended September 30, 2021, was HK$11,844,000, with no revenue reported in the same period of 2020[37]. - Casual dining revenue for the nine months ended September 30, 2021, was HK$29,446,000, down from HK$40,804,000 in the previous year, indicating a decline of 28.0%[37]. Expenses and Costs - Staff costs for the nine months ended September 30, 2021, were approximately HK$62.9 million, an increase from HK$59.5 million in the previous year[20]. - Other operating expenses for the nine months ended September 30, 2021 totaled approximately HK$21.4 million, compared to HK$16.1 million for the same period in 2020, indicating increased operational costs[20]. - Depreciation expenses for the nine months ended September 30, 2021 were approximately HK$23.0 million, slightly higher than HK$22.9 million for the same period in 2020[20]. - Raw materials and consumables used amounted to approximately HK$41.7 million for the nine months ended September 30, 2021, representing 27.3% of total revenue, compared to HK$32.2 million or 26.2% for the same period in 2020[72]. - Property rentals and related expenses decreased by approximately HK$2.8 million to approximately HK$5.8 million for the nine months ended September 30, 2021, mainly due to the closure of "Duddell's Airport"[76]. - Staff costs increased by approximately HK$3.5 million to approximately HK$63.0 million for the nine months ended September 30, 2021, primarily due to an increase in the number of staff following the relaxation of social distancing measures[76]. Corporate Governance and Compliance - The Company has established an Audit Committee to oversee financial reporting processes and internal control procedures[82]. - The Company confirms compliance with the required standards of dealings regarding directors' securities transactions during the review period[93]. - The Company is committed to high corporate governance standards, with a noted deviation from the CG Code regarding the roles of chairperson and CEO being held by the same individual[137]. - The company maintains high standards of corporate governance and has complied with the GEM Listing Rules during the review period[139]. - The company believes that maintaining high transparency is key to enhancing investor relations and regularly updates shareholders through quarterly, interim, and annual reports[140]. Share Repurchase and Ownership - The total consideration for the repurchase of 5,000,000 ordinary shares was HK$548,953, which included transaction costs[60]. - The Company repurchased a total of 4,460,000 shares at an aggregate consideration of HK$482,460 during the period ended 30 September 2021[86]. - 1,200,000 shares were subsequently cancelled to enhance the earnings per share for the benefit of the Company and its shareholders[86]. - Total shares held by Ms. Wong Pui Yain amount to 518,866,000, representing approximately 44.54% of the issued share capital[101]. - Mr. Lo Yeung Kit, Alan, has a beneficial ownership of 28,580,000 shares, which is 2.45% of the total[112]. - As of September 30, 2021, no directors or chief executives had any interests or short positions in the shares of the company or its associated corporations[109]. Strategic Initiatives - The Group plans to consolidate and expand its brand and sales network, launching additional "star brands" to enhance market penetration and maintain its leading position in the industry[70]. - The Group plans to further expand its online sales business and customer loyalty programs, enhancing the dining experience through improved technology systems[66]. - The Group's proactive brand management strategy has been key to its success, with a focus on high-quality brand development and customer engagement[66]. - The Group aims to balance cost control with food and service quality amidst high staff and food costs[70]. - The overall operating environment remains challenging due to reduced tourist numbers and government-imposed restrictions[69].
佳民集团(08519) - 2021 Q3 - 季度财报