Financial Performance - The group's revenue for the three months ended June 30, 2023, was approximately HKD 12.0 million, representing an increase of about 39.9% compared to the same period in 2022[5] - Revenue for the three months ended June 30, 2023, was HKD 12,034,000, an increase of 40.5% compared to HKD 8,600,000 for the same period in 2022[16] - Revenue from restaurant operations in Hong Kong was HKD 11,187,000, up 38.5% from HKD 8,072,000 in the previous year[16] - Franchise fees from franchisees increased to HKD 276,000, a 65.3% rise from HKD 167,000 in the prior year[16] - The loss attributable to the owners of the company for the three months ended June 30, 2023, was approximately HKD 1.1 million, compared to a loss of approximately HKD 3.0 million in the same period of 2022[5] - The total comprehensive loss for the three months ended June 30, 2023, was HKD 1.048 million, compared to HKD 3.021 million in the same period of 2022[7] - The basic loss per share for the three months ended June 30, 2023, was HKD 2.04, compared to HKD 0.59 in the same period of 2022[7] Costs and Expenses - Employee costs for the three months ended June 30, 2023, amounted to HKD 5.334 million, an increase from HKD 4.491 million in the same period of 2022[7] - The cost of inventory for the three months ended June 30, 2023, was HKD 3.076 million, compared to HKD 2.221 million in the same period of 2022[7] - Financing costs for the three months ended June 30, 2023, totaled HKD 213,000, an increase of 48.8% from HKD 143,000 in the same period last year[22] - Depreciation expenses for the three months ended June 30, 2023, were HKD 1.727 million, compared to HKD 462,000 in the same period of 2022[7] - Other income decreased significantly to HKD 50,000 from HKD 710,000, primarily due to a reduction in government subsidies[21] - Depreciation of property and equipment rose to HKD 191,000, up from HKD 108,000 in the previous year[23] - Depreciation expenses increased by approximately HKD 1.2 million or 273.8% to HKD 1.5 million for the three months ended June 30, 2023, due to an increase in right-of-use assets[38] - Rental and related expenses increased by approximately HKD 27,000 or 4.9% for the three months ended June 30, 2023, primarily due to a new lease agreement[37] Governance and Compliance - The company has adhered to the corporate governance code as per GEM Listing Rules, with a focus on maintaining a high-quality board and effective internal controls[55] - The company deviated from the corporate governance code regarding the separation of the roles of Chairman and CEO, with Mr. Tang Zhenhao holding both positions since February 1, 2022[57] - The audit committee has been established in accordance with GEM listing rules, consisting of independent non-executive directors[58] - The audit committee reviewed the financial reporting process and internal control procedures for the three months ended June 30, 2023[58] - The financial performance report complies with applicable accounting standards and GEM listing rules[58] Future Plans and Opportunities - The company plans to open new restaurants in 2024, expanding its network and exploring new revenue sources[44] - The company aims to enhance operational efficiency and profitability while monitoring market developments[45] - The company is actively seeking potential opportunities or collaborations to expand revenue sources and enhance shareholder returns[46] Shareholder Information - As of June 30, 2023, Mr. Tang Zhenhao holds 3,001,000 shares, representing 5.46% of the company's issued share capital[47] - No purchases, sales, or redemptions of the company's listed securities occurred during the three months ending June 30, 2023[52] Taxation - The company did not incur any Hong Kong profits tax for the three months ended June 30, 2023, due to the absence of taxable profits[24] Accounting Standards - The group has adopted new and revised Hong Kong Financial Reporting Standards effective from April 1, 2023, with no significant impact on financial performance[14] - The company is currently evaluating the impact of newly issued standards that are not yet effective, estimating no significant impact on operations[14]
赏之味(08096) - 2024 Q1 - 季度财报