Financial Performance - Turnover for the year ended December 31, 2021, was HK$475,422,000, representing a 13.4% increase from HK$419,433,000 in 2020[3] - Gross margin increased by 15.6% to HK$328,734,000 compared to HK$284,403,000 in the previous year[3] - The loss attributable to owners of the Company decreased by 39.7% to HK$72,953,000 from HK$120,945,000 in 2020[3] - Basic loss per share improved to HK(10.51) cents, down from HK(17.42) cents in 2020, reflecting a 39.7% reduction[3] - EBITDA for the year was HK$34,964,000, a decrease of 28.6% from HK$49,026,000 in 2020[3] - The Group recorded a loss attributable to shareholders of approximately HK$72.9 million for the Year, a decrease of about 39.7% compared to HK$120.9 million in 2020[12][18][19] - Turnover increased by approximately 13.4% compared to 2020[14] - The gross margin ratio improved to approximately 69.1%, with EBITDA at about HK$35.0 million, compared to a gross margin ratio of 67.8% and EBITDA of HK$49.0 million in 2020[18][19] Asset and Liability Management - Total assets decreased by 16.0% to HK$1,088,091,000 from HK$1,294,551,000 in 2020[3] - Net assets fell by 17.7% to HK$404,835,000 compared to HK$492,083,000 in the previous year[3] - The gearing ratio increased to 159.6%, up from 149.7% in 2020, indicating a 9.9% rise[3] - The total assets to total liabilities ratio slightly decreased to 1.59 from 1.61 in 2020[3] Business Operations and Strategy - The company plans to continue focusing on market expansion and new product development to drive future growth[3] - The same store performance of the restaurant and industrial catering business increased by 22.0%, while the food souvenir business saw a 60.1% increase compared to 2020[18][19] - The Group's food and catering business in Macau recorded a total of 7.705 million visitors, an increase of 30.7% from 5.896 million visitors in 2020[23][25] - The Group closed 7 restaurants, 1 coffee shop, and 4 food court counters during the Year, with plans to open a casual Cantonese restaurant in Macau in the first half of 2022[24] - The Group's industrial catering business reported a total turnover of approximately HK$11.2 million, a decrease of about 8.9% compared to HK$12.3 million in 2020[28] - The food wholesale business showed improvement with a turnover of approximately HK$16.4 million, representing an increase of about 4.5% from HK$15.7 million in 2020[28] - The food souvenir business achieved a total turnover of HK$53.2 million, up from HK$34.7 million in 2020, marking a significant increase[31] Environmental, Social, and Governance (ESG) Initiatives - The Group has established an ESG working taskforce to systematically manage ESG issues, which includes core members from different departments[44] - The Board is responsible for overseeing the Group's ESG management approach and ensuring effective risk management and internal controls[44] - The Group engages independent professional firms for annual reviews of its internal control and risk system, ensuring compliance with environmental and social responsibilities[47] - The Group's management structure includes a Food Safety Department to monitor food safety and hygiene across all operations[47] - The Group has implemented consistent reporting standards in its ESG report compared to the previous year, with detailed quantitative data provided[65] - The Group emphasizes stakeholder engagement, maintaining communication with the Board, employees, investors, customers, suppliers, and regulatory authorities to address their concerns[60] - The Group is committed to improving its ESG performance and creating greater value for the community through continuous collaboration with stakeholders[62] Environmental Performance Metrics - The Group's total GHG emissions in 2021 were 10,811 tCO2e, a decrease of 3.9% from 11,253 tCO2e in 2020[79] - Annual NOx emissions decreased to 66.8 kg in 2021 from 75.4 kg in 2020, representing a reduction of 11.4%[76] - The total non-hazardous waste generated by the Group in 2021 was 165 tonnes, an increase of 10.74% from 149 tonnes in 2020[88] - Food waste accounted for 104 tonnes in 2021, up from 93 tonnes in 2020, representing an increase of 11.83%[88] - The Group's total energy consumption in 2021 was 204,024 kWh, a decrease of 2.4% from 209,034 kWh in 2020[98] - Water consumption decreased significantly by 36.1% to 204,412 cubic meters in 2021 from 319,957 cubic meters in 2020[105] Employee and Labor Practices - The Group provides competitive remuneration packages to attract and retain talent, including wages, incentives, and discretionary performance bonuses[175] - All employees are entitled to timely payment of salaries, statutory holidays, and other benefits, ensuring compliance with local labor laws[180] - The Group has no material non-compliance issues related to labor laws, including child and forced labor regulations, during the year[182] - The Group's annual number of suppliers reflects a commitment to sourcing locally to reduce transportation costs and greenhouse gas emissions[169] - As of December 31, 2021, the Group employed a total of 903 full-time staff and 266 part-time workers, with an overall average monthly turnover rate of 4.0%[185] - The average training hours per employee during the year was 1.8 hours, with female employees receiving an average of 1.9 hours and male employees 1.8 hours[194]
FUTURE BRIGHT(00703) - 2021 - 年度财报