Financial Performance - The group's revenue for the nine months ended December 31, 2021, was approximately HKD 35.5 million, a decrease of about 10.2% compared to the same period in 2020[4] - The group reported a loss of approximately HKD 3.8 million for the nine months ended December 31, 2021, compared to a profit of approximately HKD 2.5 million in the same period of 2020[4] - Revenue for the three months ended December 31, 2021, was HKD 10.8 million, down from HKD 14.5 million in the same period of 2020[6] - Total revenue for the nine months ended December 31, 2021, was HKD 35,494,000, a decrease of 10.3% compared to HKD 39,506,000 in the same period of 2020[18] - The total comprehensive loss for the nine months ended December 31, 2021, was HKD 3.8 million, compared to a total comprehensive income of HKD 2.5 million in the same period of 2020[8] - The company reported a loss attributable to owners of HKD 3,794,000 for the nine months ended December 31, 2021, compared to a profit of HKD 2,512,000 in 2020[31] - The group recorded a basic loss per share of HKD 0.76 for the nine months ended December 31, 2021, compared to a profit of HKD 0.50 per share in the same period of 2020[6] Revenue Breakdown - Revenue from Hong Kong restaurant operations for the nine months ended December 31, 2021, was HKD 31,589,000, a decrease of 12.7% compared to HKD 35,878,000 in the same period of 2020[18] - Revenue from food and related products sold to franchisees for the nine months ended December 31, 2021, increased to HKD 3,056,000, up 76.3% from HKD 1,732,000 in the same period of 2020[18] - The company's revenue from China operations was HKD 573,000 for the nine months ended December 31, 2021, a significant decrease from HKD 1,602,000 in 2020[22] - Revenue from Hong Kong operations fell from HKD 35.9 million in 2020 to HKD 31.6 million in 2021, a decline of approximately 11.9%[35] - Revenue from Macau increased significantly, rising from HKD 1.995 million in 2020 to HKD 3.314 million in 2021, representing a growth of approximately 66.1%[35] Costs and Expenses - The cost of inventory for the nine months ended December 31, 2021, was HKD 8.3 million, compared to HKD 8.8 million in the same period of 2020[6] - Employee costs for the nine months ended December 31, 2021, were HKD 15.0 million, down from HKD 16.6 million in the same period of 2020[6] - Other income decreased by approximately HKD 9.5 million, primarily due to a reduction in government subsidies received under the "Anti-epidemic Fund" and "Employment Support Scheme" by about HKD 7.3 million[38] - Rental and related expenses decreased by approximately HKD 0.8 million or 29.6%, due to the closure of several restaurants during the fiscal year[41] - Depreciation and amortization expenses decreased by approximately HKD 3.4 million or 42.6%, primarily due to impairment losses recognized on certain properties and equipment[43] - Financing costs for the nine months ended December 31, 2021, were approximately HKD 0.5 million, down from HKD 0.7 million in 2020[46] Dividends and Shareholder Information - The board of directors did not recommend any dividend payment for the nine months ended December 31, 2021 (2020: none)[4] - The company did not purchase, sell, or redeem any shares during the nine months ended December 31, 2021[59] - As of December 31, 2021, the major shareholders, including Mr. Tang and Mr. Tang, held 45.21% of the issued share capital through Brilliant Trade[53] - The shareholding of Mr. Tang and Mr. Tang decreased to 33.21% due to the sale of shares by Brilliant Trade[54] - The controlling shareholder, Brilliant Trade, sold 60,020,000 shares, representing approximately 12.0% of the company's total issued shares, at an average price of HKD 0.167 per share, totaling HKD 10,024,000[76] Corporate Governance and Compliance - The company has adopted the corporate governance code as per GEM Listing Rules and has complied with the relevant provisions, except for a deviation regarding the roles of Chairman and CEO[72][73] - The audit committee has been established in accordance with GEM listing rules, ensuring compliance with applicable accounting standards and regulations[80] - The financial performance for the nine months ending December 31, 2021, has been reviewed by the audit committee, confirming adherence to applicable accounting standards[80] - The audit committee consists of independent non-executive directors, ensuring proper oversight of financial reporting processes[80] - The board of directors includes both executive and independent non-executive members, ensuring a balanced governance structure[81] Operational Challenges and Future Plans - The ongoing COVID-19 pandemic has adversely affected the company's business and financial performance, particularly due to restrictions on dine-in services since January 2022[74] - The group faces significant challenges due to the resurgence of COVID-19 in Hong Kong, leading to strict social distancing measures and a substantial decrease in customer traffic[51] - The group aims to enhance operational efficiency and profitability by seizing every potential opportunity, with financial performance improving for most operating restaurants in the past months due to the local COVID-19 situation being under control[49] - The group plans to open a new Hong Kong-style restaurant in Central in January 2022, targeting office workers with affordable yet distinctive dishes, while diversifying its customer base[51] Legal and Litigation Matters - The company is involved in multiple claims related to rental arrears, with several cases still in process as of the report date[75] - The company is actively working with legal advisors to resolve ongoing litigation cases[75] - The company has disclosed all relevant financial impacts and potential claims in its consolidated financial statements[75]
赏之味(08096) - 2022 Q3 - 季度财报