Financial Performance - The group's revenue for the three months ended June 30, 2022, was HKD 15,283,000, a decrease of 37.5% compared to HKD 24,516,000 in the same period last year[5]. - The group reported a loss of HKD 9,501,000 for the period, compared to a profit of HKD 11,591,000 in the previous year, indicating a significant decline in performance[5]. - The total comprehensive loss for the period was HKD 9,599,000, compared to a comprehensive income of HKD 11,591,000 in the same period last year[5]. - The basic loss per share was HKD 0.99, compared to earnings of HKD 1.21 per share in the previous year[5]. - The company reported a loss attributable to owners of HKD (9,501,000) for the three months ended June 30, 2022, compared to a profit of HKD 11,595,000 in 2021[30]. - The group recorded a loss attributable to owners of approximately HKD 9.5 million for the three months ended June 30, 2022, compared to a profit of approximately HKD 11.6 million for the same period in 2021, mainly due to decreased revenue from the COVID-19 pandemic and increased share-based payments[52]. Revenue Breakdown - The revenue breakdown includes Chinese cuisine at HKD 5,293,000, Thai cuisine at HKD 4,806,000, and Malaysian cuisine at HKD 1,436,000 for the three months ended June 30, 2022[19]. - Revenue from the "麻酸樂╱嫲孫樂" brand was approximately HKD 5.3 million, accounting for 34.6% of total revenue, with a year-on-year decrease of 11.8%[40]. - Revenue from the "泰巷" brand was approximately HKD 3.8 million, accounting for 24.2% of total revenue, with a year-on-year decrease of 47.2%[40]. - Revenue from the "峇峇娘惹" brand was approximately HKD 4.8 million, accounting for 31.4% of total revenue, with a year-on-year decrease of 44.8%[41]. Cost and Expenses - Employee costs amounted to HKD 6,670,000, down from HKD 8,860,000, reflecting a reduction of 24.5%[5]. - The cost of materials and consumables was approximately HKD 5.9 million, representing 38.6% of total revenue, compared to HKD 8.9 million and 36.3% in the previous year[44]. - Employee costs were approximately HKD 6.7 million, a decrease of 24.7% from HKD 8.9 million in the same period last year[45]. - Depreciation expenses were approximately HKD 3.5 million, accounting for 22.9% of total revenue, down from HKD 4.2 million and 17.1% in the previous year[46]. - Other expenses increased by 151.7% to approximately HKD 7.3 million, primarily due to an increase in share-based payments[50]. Financing and Costs - The group incurred financing costs of HKD 203,000, a decrease from HKD 337,000, showing a reduction of 39.8%[5]. - The financing costs for the three months ended June 30, 2022, were HKD 203,000, a decrease of 39.8% from HKD 337,000 in 2021[23]. - The group's financing costs decreased from approximately HKD 0.3 million for the three months ended June 30, 2021, to approximately HKD 0.2 million for the three months ended June 30, 2022, primarily due to reduced bank borrowing costs[51]. Corporate Governance and Compliance - The company has adopted the corporate governance code as per GEM Listing Rules Appendix 15, ensuring compliance with all applicable provisions as of June 30, 2022[71]. - The audit committee, established on January 29, 2018, is responsible for reviewing the adequacy of the group's risk management and internal control systems[73]. - The audit committee consists of three independent non-executive directors, ensuring independence and objectivity in the audit process[74]. - The unaudited condensed consolidated financial statements for the three months ended June 30, 2022, have been reviewed by the audit committee, confirming compliance with applicable accounting standards and GEM Listing Rules[74]. Future Outlook - Future performance is highly dependent on the progression of COVID-19 infections and government measures[35]. - The company plans to adopt a conservative approach to operations, including reducing employee usage and negotiating rent discounts[38]. Shareholder Information - The major shareholder MJL holds a 50.0% stake in the company, with significant individual ownership percentages from directors[62]. - The company has adopted strict trading standards for directors, confirming compliance during the reporting period[68]. - The stock option plan aims to attract, retain, and motivate participants for the company's future development and expansion, granting a total of 33,600,000 stock options, representing approximately 3.5% of the existing issued share capital as of the grant date[69]. - As of June 30, 2022, there were 33,600,000 unexercised stock options related to the stock option plan granted on April 20, 2022[69]. Market and Product Development - The company continues to operate primarily in the restaurant and food sales sectors in Hong Kong and pharmaceutical sales in China[10]. - The group has not reported any new product launches or technological advancements during this period[5]. - There are no indications of market expansion or acquisitions mentioned in the report[5]. - There were no major investments, acquisitions, or disposals of subsidiaries during the three months ended June 30, 2022[57]. Dividend Information - The company did not recommend any dividend for the three months ended June 30, 2022, consistent with the previous year[29]. - The board did not recommend the payment of any dividends for the three months ended June 30, 2022, consistent with the previous year[53]. Risk Management - The group faced foreign exchange risks primarily from operations in China, with no significant foreign exchange risk mitigation measures currently in place[55]. - As of June 30, 2022, the group had no significant contingent liabilities or capital commitments[56][57].
倩碧控股(08367) - 2023 Q1 - 季度财报