Financial Performance - The revenue from continuing operations for the period was approximately HK$101,240,000, representing a decrease of approximately HK$15,953,000 compared to approximately HK$117,193,000 in the same period last year[10]. - Gross profit from continuing operations for the period was approximately HK$68,207,000, compared to approximately HK$78,629,000 in the same period last year[12]. - The company reported a loss attributable to owners of the Company of approximately HK$15,220,000 for the nine months ended 30 September 2022, compared to a loss of approximately HK$1,683,000 in the same period last year[11]. - Total revenue for the nine months ended 30 September 2022 was HK$101,240,000, down from HK$117,193,000 in the same period last year[17]. - Profit before tax for the nine months was a loss of HK$16,771,000, compared to a loss of HK$94,000 in the same period last year[17]. - The total comprehensive income for the nine months ended September 30, 2022, was a loss of HK$15,852,000, compared to a loss of HK$1,460,000 in the same period of 2021[21]. - The company reported a total comprehensive income of HK$932,000 for the nine months ended September 30, 2022, compared to a loss of HK$1,460,000 in the same period of 2021[21]. - The company’s total profit for the period was HK$929,000 for Q3 2022, compared to a loss of HK$1,017,000 in Q3 2021[21]. - For the nine months ended September 30, 2022, the company recorded a loss of HK$15,220,000, an increase from a loss of HK$1,683,000 in the same period of 2021[79]. - The Company reported a loss of HK$1,128,000 from discontinued operations for the nine months ended September 30, 2022, compared to a profit of HK$879,000 in 2021[86]. Revenue Breakdown - Revenue from alcoholic beverage distribution and miscellaneous business for the nine months ended September 30, 2022, was HK$747,000, a decrease of 32.6% from HK$1,109,000 in 2021[40]. - Revenue from food and beverage business for the nine months ended September 30, 2022, was HK$82,725,000, down 19.1% from HK$102,235,000 in 2021[40]. - Total revenue for the nine months ended September 30, 2022, was HK$92,025,000, a decrease of 16.7% from HK$110,445,000 in 2021[40]. - Revenue from the food and beverage business was approximately HK$82,725,000, down from HK$102,235,000 in the previous year, reflecting the impact of COVID-19 restrictions[118]. - Revenue from the provision of children education services amounted to approximately HK$3,131,000, up from HK$3,004,000 year-on-year[132]. - Revenue from external customers of China Demeter Securities Limited was approximately HK$12,194,000, compared to HK$9,162,000 in the same period last year[136]. Expenses and Costs - The cost of sales and services for the nine months was HK$33,033,000, compared to HK$38,564,000 in the previous year[17]. - General and administrative expenses from continuing operations decreased to approximately HK$87,644,000 from HK$90,819,000, mainly due to reduced salaries and utility expenses in the food and beverage business[113]. - Finance costs for the nine months were HK$2,726,000, down from HK$3,039,000 in the previous year[17]. - Total finance costs for the nine months ended September 30, 2022, were HK$2,726,000, compared to HK$3,039,000 in 2021, indicating a decrease of 10%[56]. Dividends and Share Capital - The board of Directors does not recommend the payment of any interim dividend for the nine months ended 30 September 2022, consistent with the previous year[12]. - The Company did not recommend any interim dividend for the nine months ended September 30, 2022, consistent with the previous year[90]. - As of September 30, 2022, the company's total share capital was HK$7,529,000, with 752,902,000 shares issued and fully paid[105]. - The company issued 15,300,000 ordinary shares upon the exercise of share options, raising net proceeds of approximately HK$1,913,000[110]. - The company completed a placement of 125,483,612 ordinary shares at a price of HK$0.10 per share, with net proceeds of approximately HK$12,172,000[111]. Discontinued Operations - The profit for the period from discontinued operations was a loss of HK$615,000 for Q3 2022, while it was a profit of HK$1,128,000 for the same period in 2021[21]. - Loss from discontinued operations for the three months ended September 30, 2022, was HK$615,000, compared to a profit of HK$1,128,000 in the same period of 2021[86]. - The revenue from the discontinued food and beverage business in Singapore was HK$0 for the three months ended September 30, 2022, down from HK$2,681,000 in 2021[70]. - The cost of sales for the discontinued operation was HK$0 for the three months ended September 30, 2022, compared to HK$1,173,000 in 2021[70]. - The Group disposed of its wholly-owned subsidiary engaged in food and beverage in Singapore on 14 January 2022, discontinuing its operations in that market[125]. Future Outlook and Strategy - The Group expects to recognize future revenue from existing customer contracts, applying the practical expedient in HKFRS 15[45]. - The Group plans to continue developing its brand portfolio and exploring new restaurant locations despite the challenging food and beverage industry in Hong Kong[124]. - The Group is taking a cautious approach to credit risk management in the money lending business due to the uncertain economic outlook[130]. - The management plans to exercise caution in opening and investing in new restaurants due to changing consumer spending patterns and rising vacancy rates in shopping centers[153]. Other Income and Financial Position - The company recorded other income of HK$9,606,000 for the nine months, compared to HK$7,009,000 in the previous year[17]. - The Group's total other income for the three months ended September 30, 2022, was HK$5,723,000, significantly higher than HK$1,082,000 in 2021[49]. - The Group's accounting policies remain consistent with those followed in the preparation of the financial statements for the year ended December 31, 2021[34]. - The Group did not record any share of loss from a joint venture in Singapore during the period, maintaining a zero loss compared to HK$Nil in the previous year[145]. - The Company’s financial position remains stable, with no dilutive potential ordinary shares for the three months ended September 30, 2022[88].
国农金融投资(08120) - 2022 Q3 - 季度财报