Revenue Performance - For the three months ended March 31, 2022, the group recorded revenue of approximately HKD 27.6 million, an increase of about 48.6% compared to approximately HKD 18.5 million in the same period last year[8]. - The increase in revenue was primarily due to heightened demand for fresh and frozen food products driven by the fifth wave of the pandemic, as well as the expansion into new trading and processing businesses[8]. - Approximately HKD 22.7 million of the revenue came from processing and trading food (including transportation services), compared to HKD 13.5 million in the previous year[8]. - Revenue for the first quarter of 2022 was HKD 27,557,000, an increase of 48.6% compared to HKD 18,548,000 in the same period of 2021[28]. - Total customer contract revenue for the three months ended March 31, 2022, was HKD 27,557,000, representing a 48.5% increase from HKD 18,548,000 in the same period of 2021[47]. - Revenue from the food processing and trading segment (including transportation services) was HKD 22,673,000, up 67.5% from HKD 13,529,000 year-on-year[46]. - Restaurant operations generated revenue of HKD 4,884,000, a slight decrease of 2.7% from HKD 5,019,000 in the previous year[46]. Cost and Expenses - The cost of consumed inventory for the three months was approximately HKD 18.0 million, an increase of about 74.8% from HKD 10.3 million in the same period last year[9]. - The cost of goods sold was HKD 17,957,000, up from HKD 10,282,000, reflecting a 74.5% increase year-over-year[28]. - The group incurred total depreciation expenses of HKD 2,814,000, slightly up from HKD 2,724,000 in the prior year[54]. - Employee benefit expenses for the three months were approximately HKD 6.1 million, an increase from approximately HKD 5.3 million in the previous year, attributed to an increase in the number of restaurant staff[10]. - The company reported an increase in employee benefits expenses to HKD 6,116,000 from HKD 5,309,000, which is a rise of 15.2%[28]. Profit and Loss - The group recorded a pre-tax loss of approximately HKD 3.2 million, compared to a loss of approximately HKD 3.9 million in the same period last year[9]. - The group recorded a net loss of approximately HKD 3.3 million for the period, compared to a loss of approximately HKD 3.8 million in the same period last year[13]. - The operating loss before tax for the first quarter was HKD 3,190,000, a decrease from HKD 3,902,000 in the previous year, indicating an improvement of 18.2%[28]. - The net loss for the period was HKD 3,298,000, compared to HKD 3,792,000 in the same quarter of 2021, representing a reduction of 13.0%[29]. - Total comprehensive loss attributable to owners of the company was HKD 2,100,000, compared to HKD 3,016,000 in the previous year, reflecting a decrease of 30.4%[29]. - Basic and diluted loss per share was HKD 0.20, an improvement from HKD 0.26 in the prior year[28]. - Basic loss per share for the three months ended March 31, 2022, was HKD 0.20, an improvement from HKD 0.26 in the same period of 2021[58]. Corporate Governance - The company has established an audit committee consisting of three independent non-executive directors, which has reviewed the report and ensured compliance with applicable accounting standards[27]. - The company has adopted corporate governance principles and has complied with the relevant code provisions during the fiscal year ending March 31, 2022[25]. - All directors confirmed compliance with the company's adopted trading code during the fiscal year ending March 31, 2022[23]. - The company has appointed a company secretary to ensure compliance with relevant laws and regulations[26]. - No directors or major shareholders have interests in any competing businesses as of March 31, 2022[24]. - There are no registered interests or short positions held by directors or senior management in the company or its affiliates as of March 31, 2022[20]. Shareholder Information - As of March 31, 2022, major shareholder Jianjing Venture Limited holds 1,050,000,000 shares, representing 75% of the company's issued share capital[17]. - The company has not purchased, sold, or redeemed any of its securities during the three months ending March 31, 2022[22]. - No stock options have been granted under the stock option plan since its adoption on June 5, 2017[19]. - The stock option plan is valid for ten years from the adoption date, which is June 5, 2017[18]. - The group did not recommend any dividend payment for the three months ended March 31, 2022[56]. - The effective tax rate remained at 16.5% for the period, consistent with the previous year[55].
运兴泰集团(08362) - 2022 Q1 - 季度财报