Revenue Performance - For the nine months ended September 30, 2022, the group recorded revenue of approximately HKD 82.5 million, an increase of about 35.9% compared to approximately HKD 60.7 million in the same period last year[13] - The increase in revenue was primarily due to the expansion of fresh and frozen food trade and processing new businesses, with approximately HKD 63.7 million from food processing and trade (including transportation services) and approximately HKD 18.8 million from restaurant operations[13] - The joint venture company generated revenue of approximately HKD 13.6 million for the nine months ended September 30, 2022, representing a 56.3% increase compared to the same period last year[7] - Revenue for the three months ended September 30, 2022, was HKD 26,422,000, representing a 15.4% increase from HKD 22,819,000 in the same period of 2021[33] - Revenue for the nine months ended September 30, 2022, reached HKD 82,523,000, up 36.0% from HKD 60,724,000 in the same period of 2021[33] - The food processing and trading segment generated revenue of HKD 63,675,000, up 50% from HKD 42,343,000 in the previous year[56] - The restaurant operations segment reported revenue of HKD 18,848,000, a slight increase from HKD 18,381,000 in the same period last year[56] Loss and Financial Performance - The group reported a pre-tax loss of approximately HKD 7.2 million for the nine months ended September 30, 2022, an improvement from a pre-tax loss of approximately HKD 12.5 million in the same period last year[14] - The group recorded a net loss of approximately HKD 7.5 million for the nine months ended September 30, 2022, compared to a net loss of approximately HKD 14.0 million in the same period last year[18] - The operating loss before tax for the three months ended September 30, 2022, was HKD 1,584,000, a significant improvement from a loss of HKD 4,842,000 in the same period of 2021[33] - The net loss for the three months ended September 30, 2022, was HKD 1,668,000, compared to a loss of HKD 6,668,000 in the same period of 2021, indicating a 75.0% reduction in losses[34] - Adjusted loss before tax for the nine months ended September 30, 2022, was HKD 7,593,000, compared to a loss of HKD 12,909,000 in the previous year, representing a 41% improvement[62] - For the three months ended September 30, 2022, the company reported a loss attributable to owners of HKD 1,297,000, compared to a loss of HKD 5,842,000 for the same period in 2021, representing a decrease of approximately 77.8%[67] - For the nine months ended September 30, 2022, the loss attributable to owners was HKD 6,498,000, down from HKD 12,660,000 in 2021, indicating a reduction of about 48.7%[67] Expenses and Costs - The cost of consumed inventory for the nine months ended September 30, 2022, was approximately HKD 52.3 million, compared to approximately HKD 33.6 million in the same period last year[14] - Employee benefit expenses increased to approximately HKD 19.4 million for the nine months ended September 30, 2022, from approximately HKD 17.6 million in the same period last year, primarily due to an increase in the number of employees[16] - The cost of goods sold for the three months ended September 30, 2022, was HKD 15,397,000, compared to HKD 12,826,000 in the same period of 2021, reflecting a 20.0% increase[33] - The cost of goods sold for the nine months was HKD 52,259,000, an increase from HKD 33,572,000 in the previous year, reflecting higher sales volume[62] Shareholder Information - As of September 30, 2022, major shareholder Jianjing Venture Limited holds 1,050,000,000 shares, representing 75% of the company's issued share capital[22] - The company has not granted any stock options under its stock option plan since its adoption on June 5, 2017[24] - The company did not declare any dividends for the nine months ended September 30, 2022, consistent with the previous year[12] - The company did not recommend any dividend payment for the nine months ended September 30, 2022, consistent with the previous year[66] Compliance and Governance - The company has adopted a code of conduct for directors' securities transactions, which complies with the GEM Listing Rules[28] - The audit committee, consisting of three independent non-executive directors, has reviewed the report and confirmed compliance with applicable accounting standards[32] Taxation - The company reported a tax credit of HKD 120,000 for the nine months ended September 30, 2022, compared to a tax expense of HKD 1,071,000 in the previous year[62] - The total tax expense for the three months ended September 30, 2022, was HKD (49,000), compared to HKD 1,688,000 in 2021, indicating a significant decrease[67] - The total tax expense for the nine months ended September 30, 2022, was HKD (120,000), down from HKD 1,071,000 in 2021, reflecting a reduction of approximately 111.2%[67] Assets and Equity - The total equity attributable to the owners of the company as of September 30, 2022, was HKD 102,353,000, down from HKD 106,852,000 at the beginning of the year[36] - The company’s total assets as of September 30, 2022, were reported at HKD 99,892,000, reflecting a decrease from HKD 105,366,000 at the beginning of the year[36] Future Outlook - The group continues to adopt a proactive approach to business development to enhance profitability and shareholder value[11] - The company continues to focus on enhancing its food processing and restaurant operations to drive future growth[50] - The group is the main supplier of food and beverage materials for all restaurants under the joint venture, which is expected to enhance future sales and revenue[10]
运兴泰集团(08362) - 2022 Q3 - 季度财报