Financial Performance - For the year ended March 31, 2022, the revenue was approximately HKD 85.6 million, a decrease of HKD 11.8 million compared to HKD 97.4 million in the same period last year[4] - The loss attributable to the owners of the company for the year was approximately HKD 3.3 million, a decrease of HKD 11.9 million compared to a profit of HKD 8.6 million in the same period last year[4] - The loss per share was HKD 0.35, a decrease of HKD 1.34 compared to earnings of HKD 0.99 per share in the same period last year[4] - The company reported a net loss for the year, with total comprehensive loss amounting to HKD 3.4 million compared to a profit of HKD 8.8 million in the previous year[7] - Total revenue for the year ended March 31, 2022, was HKD 85,580,000, a decrease from HKD 97,421,000 in the previous year, representing a decline of approximately 12.1%[28] - The company reported an operating loss before tax of HKD 3,414,000 for the year, compared to a profit of HKD 8,735,000 in the previous year[28] - The company reported a pre-tax loss of HKD 3,336 thousand for 2022, compared to a profit of HKD 8,585 thousand in 2021, representing a turnaround of 138.8%[44] Revenue Breakdown - The revenue breakdown by segment shows Chinese cuisine generated HKD 23,389,000, Thai cuisine HKD 21,684,000, Malaysian cuisine HKD 29,759,000, and ingredient sales HKD 10,748,000[28] - The "Masa" and "Ma Sun" segment generated revenue of approximately HKD 23.4 million, accounting for 27.3% of total revenue, reflecting a 16.4% decrease year-on-year[62] - The "Thai Lane" segment reported revenue of approximately HKD 21.7 million, representing 25.3% of total revenue, with a year-on-year decline of 24.3%[62] - The "Baba Nyonya" segment achieved revenue of approximately HKD 29.8 million, making up 34.8% of total revenue, down 23.7% compared to the previous year[62] - The "Sales of Ingredients" segment saw a significant increase in revenue, reaching approximately HKD 10.7 million, which is a 483.8% growth year-on-year[62] Assets and Liabilities - Non-current assets decreased to HKD 31.0 million from HKD 46.2 million in the previous year[9] - Current assets increased to HKD 58.5 million from HKD 53.9 million in the previous year, with trade and other receivables rising significantly to HKD 24.6 million from HKD 9.2 million[9] - Current liabilities increased to HKD 42.2 million from HKD 35.9 million in the previous year, primarily due to an increase in trade and other payables[9] - Total assets less current liabilities decreased to HKD 47.4 million from HKD 64.2 million in the previous year[9] - The company reported trade payables and accrued expenses of HKD 27.9 million for 2022, compared to HKD 8.4 million in 2021[47] Operational Changes - The company has faced delays in audit procedures due to COVID-19 control measures, impacting the completion of the audit for its subsidiaries in mainland China[5] - The company plans to reduce employee costs by minimizing restaurant staff usage and negotiate rent discounts with landlords[57] - The company has implemented measures to negotiate procurement discounts and longer payment terms with suppliers[57] - The company operates seven restaurants under three self-owned brands in Hong Kong, with six operated directly and one franchised[60] - The company has expanded its business in China by acquiring an automatic medicine vending machine business to provide innovative healthcare services[59] Corporate Governance - The company has adopted the GEM Listing Rules as its corporate governance code and has complied with all applicable provisions as of March 31, 2022[99] - The audit committee has been established to oversee the appointment and remuneration of external auditors and review the company's risk management and internal control policies[101] - The board of directors confirms that there are no misleading or fraudulent elements in the announcement[105] Future Outlook - The company anticipates that its revenue will improve once the COVID-19 pandemic is under control[57] - The company aims to enhance its restaurant business in Hong Kong and expand its automatic vending machine business in China to increase shareholder value[59]
倩碧控股(08367) - 2022 Q4 - 年度财报