Financial Performance - The consolidated revenue for the nine months ended December 31, 2022, was approximately HKD 121.3 million, a decrease of about 7.2% compared to approximately HKD 130.6 million for the same period last year[3]. - The loss attributable to the owners of the company decreased from approximately HKD 11.5 million in the previous year to approximately HKD 7.8 million for the nine months ended December 31, 2022[3]. - The gross profit for the nine months ended December 31, 2022, was HKD 68.6 million, down from HKD 74.7 million in the same period last year[5]. - Operating loss for the nine months ended December 31, 2022, was HKD 5.2 million, an improvement from a loss of HKD 6.8 million in the previous year[5]. - The basic and diluted loss per share for the nine months ended December 31, 2022, was HKD 1.49, compared to HKD 2.21 for the same period last year[5]. - The total comprehensive loss for the nine months ended December 31, 2022, was HKD 7.5 million, compared to HKD 12.7 million in the previous year[6]. - The company reported a foreign exchange gain of HKD 1.54 million for the nine months ended December 31, 2022, compared to a loss of HKD 1.21 million in the previous year[6]. - The operating expenses for the nine months ended December 31, 2022, were HKD 81.3 million, slightly down from HKD 84.4 million in the previous year[5]. - The company reported a basic loss attributable to owners of approximately HKD 7,753,000, compared to a loss of HKD 11,534,000 in the previous year[16]. - The group recorded revenue of approximately HKD 121.3 million for the nine months ended December 31, 2022, a decrease of about 7.2% compared to HKD 130.6 million in the same period last year, primarily due to the impact of the fifth wave of the pandemic and strict social distancing measures[35]. - The group reported a loss attributable to owners of approximately HKD 7.8 million, an improvement from a loss of HKD 11.5 million in the previous year, mainly due to government wage subsidies totaling approximately HKD 5.6 million received during the reporting period[37]. - Operating expenses decreased by approximately 3.6% to about HKD 81.3 million, compared to HKD 84.4 million in the previous year, aligning with the revenue decline[35]. Market and Economic Conditions - The global economic growth forecast for 2022 was revised down to 3.2% due to inflation and tightening monetary policies, impacting the company's performance[20]. - The Hong Kong economy showed signs of recovery, with the composite consumer price index rising by 1.8% in November 2022, aided by government relief measures[20]. - The number of licensed restaurants in Hong Kong increased by 3.9% from 2020 to 2022, indicating a positive outlook for the food service industry post-pandemic[21]. - The company anticipates further growth in the restaurant sector driven by pent-up demand and the easing of pandemic-related restrictions[21]. - The global economy is expected to face uncertainty in 2023, with over one-third of economies predicted to enter recession, and a 25% chance of global GDP growth falling to 2%[30]. - China's economy is projected to accelerate to 4.7% growth in 2023 as COVID-19 impacts ease, with a strong V-shaped recovery expected in the second quarter driven by consumer spending[30]. - The Hong Kong government has revised its GDP growth forecast for 2022 down to -3.2%, but anticipates new growth opportunities for the restaurant industry following the lifting of pandemic measures[31]. Business Operations and Strategy - The company did not report any new product launches or technological advancements during this period[3]. - There were no significant market expansions or acquisitions mentioned in the report[3]. - The company has been expanding its healthcare business, focusing on oral hygiene and care products, and has started mass production of antibacterial toothpaste with stable online and offline sales[26]. - The company completed the construction phase of its oral care business in April 2022 and the development phase in July 2022, enhancing brand awareness through marketing activities[27]. - The group plans to invest more resources in the oral care business, aiming to enhance brand awareness and establish long-term relationships with customers[34]. - The group will continue to optimize its membership program to provide a more stable and convenient user experience[33]. - The group intends to cautiously adjust its business strategy in response to the uncertain outlook in the global tobacco and e-cigarette industry[34]. - The group aims to maintain existing business operations while actively seeking new business development opportunities[34]. - The group will deepen cooperation with local online food delivery platforms to meet customer demands for convenience and transparency[33]. Shareholder Information - As of December 31, 2022, the company had a total of 520,771,875 issued ordinary shares[44]. - After full conversion of the convertible bonds held by Mr. Tang Shengming, he will hold 71,428,571 ordinary shares, representing approximately 13.72% of the voting shares[44]. - The company has adopted a share option scheme to incentivize participants, allowing them to purchase shares up to a maximum of 30% of the issued share capital[45]. - No share options were granted, exercised, lapsed, or cancelled during the reporting period, and there were no unexercised share options as of December 31, 2022[48]. Corporate Governance - The audit committee, consisting of three independent non-executive directors, reviewed the financial reports and accounts for the nine months ending December 31, 2022[51]. - The company confirmed that all directors complied with the trading standards regarding securities transactions during the nine-month period ending December 31, 2022[54]. - The company is committed to maintaining high standards of corporate governance and has adhered to the GEM Listing Rules during the reporting period[55].
荣晖控股(08213) - 2023 Q3 - 季度财报