Financial Performance - For the nine months ended December 31, 2021, the group reported total revenue of HKD 497.6 million, an increase of 76.0% compared to HKD 282.6 million for the same period in 2020[6]. - The net profit for the nine months was HKD 41.7 million, compared to HKD 16.7 million in the previous year, representing a growth of 149.7%[6]. - Basic earnings per share for the nine months increased to 11.6 HK cents, up from 7.3 HK cents in the same period last year, reflecting a growth of 58.9%[9]. - The group achieved a total comprehensive income of HKD 42.2 million for the nine months, compared to HKD 17.5 million in the previous year, marking a significant increase of 141.1%[9]. - The group’s gross profit margin improved to 63.5% for the nine months, compared to 54.8% in the same period last year, indicating enhanced operational efficiency[6]. - The company reported a total comprehensive income attributable to owners of the company of HKD 45.1 million for the nine months, compared to HKD 17.8 million in the previous year, an increase of 153.1%[9]. - The group’s other income for the nine months was HKD 1.3 million, compared to HKD 0.5 million in the previous year, reflecting a growth of 160%[6]. - The total expenses for the nine months were HKD 149.9 million, up from HKD 85.9 million in the previous year, representing a 74.5% increase[6]. - The group’s financial costs for the nine months were HKD 6.9 million, compared to HKD 4.9 million in the previous year, indicating an increase of 41.1%[6]. - For the nine months ended December 31, 2021, the company reported a profit attributable to owners of approximately HKD 44,812,000, compared to HKD 17,308,000 for the same period in 2020, representing a growth of 159%[24]. - Net profit attributable to the company's owners for the nine months ended December 31, 2021, was approximately HKD 44,812,000, representing an increase of about 158.9%[66]. - Adjusted net profit attributable to the company's owners increased by approximately HKD 35,824,000 or 398.6% after accounting for government subsidies and listing expenses[67]. Operational Expansion - The company opened seven new restaurants during the nine months ended December 31, 2021, including locations in Tsuen Wan, Shanghai, and Tsim Sha Tsui[26]. - The total number of restaurants as of December 31, 2021, was 36, with a net increase of 3 restaurants compared to the previous quarter[35]. - The company plans to continue expanding its market presence and investing in new product development to drive future growth[6]. - The company plans to continue discussions with mall owners for new potential locations in Hong Kong and mainland China for business expansion[76]. - The company opened two new restaurants: "前田燒肉谷" in Tuen Mun with an area of 650 square meters, and "CUE" in Tung Chung with an area of 218.32 square meters, both expected to commence operations in 2022[38]. Customer Engagement - In Q3 of FY2022, the total number of customers served across the restaurants reached 2,342,579, an increase of 721,560 customers or 44.5% compared to the same period in FY2021[41]. - The average spending per customer rose from HKD 174.3 in the same period of 2020 to HKD 212.4 in Q3 FY2022[41]. - The average daily customer count for the Southeast Asian style restaurant was 294,956, with an average spending of HKD 116.6[41]. - The Japanese restaurant segment served 1,178,474 customers with an average spending of HKD 225.1[41]. - The Chinese restaurant segment recorded 725,419 customers with an average spending of HKD 244.0[41]. COVID-19 Impact and Response - The company is subject to COVID-19 social distancing measures, which include a maximum of four people per table and temperature checks for customers[42][45]. - The company plans to expand its restaurant operations despite the ongoing challenges posed by COVID-19 restrictions[46]. - The company has implemented various infection control measures to ensure customer safety and compliance with government regulations[46]. Financial Management - The company had cash and cash equivalents of HKD 109,500,000 as of December 31, 2021, with no significant foreign exchange risk anticipated in the next 12 months[70]. - The company is in a net cash position as of December 31, 2021, with no significant contingent liabilities reported[71]. - The company did not recommend the payment of an interim dividend for the nine months ended December 31, 2021[21]. - The board decided not to declare an interim dividend for the nine months ended December 31, 2021, with a dividend policy of at least 50% of net profit attributable to the owners[73][74]. Compliance and Governance - The company applied new and revised Hong Kong Financial Reporting Standards, which did not have a significant impact on the financial performance and disclosures for the current and prior years[20]. - The estimated tax rate for Hong Kong profits tax is 16.5%, while the tax rate for subsidiaries in China is 25%[20]. - The company has complied with the corporate governance code as per GEM Listing Rules Appendix 15 for the nine months ending December 31, 2021[87]. - The audit committee reviewed the unaudited condensed consolidated financial statements for the nine months ending December 31, 2021, confirming compliance with applicable accounting standards and disclosure requirements[90].
尝高美集团(08371) - 2022 Q3 - 季度财报