Financial Performance - CBK Holdings Limited reported financial highlights for the first quarter of 2022, with unaudited revenue of HKD 10 million, representing a 20% increase compared to the previous quarter[19]. - The Group recorded revenue from continuing operations of approximately HK$5.9 million for the three months ended 30 June 2022, a decrease of 18.1% compared to approximately HK$7.2 million for the same period in 2021[21]. - Gross profit from continuing operations was approximately HK$3.2 million for the three months ended 30 June 2022, down 28.0% from approximately HK$4.5 million in the prior year[21]. - Loss attributable to owners of the Company was approximately HK$5.2 million for the three months ended 30 June 2022, compared to a loss of approximately HK$1.6 million for the same period in 2021, representing an increase in loss of 225%[21]. - Loss before tax from continuing operations was approximately HK$5.6 million for the three months ended 30 June 2022, compared to a loss of approximately HK$2.8 million for the same period in 2021[24]. - Total comprehensive loss for the period attributable to owners of the Company was approximately HK$5.1 million for the three months ended 30 June 2022, compared to a comprehensive loss of approximately HK$1.6 million for the same period in 2021[26]. - Revenue from catering services through restaurant operations was HK$4,634,000 for the three months ended June 30, 2022, down from HK$7,210,000 in the previous year, representing a decline of 35.5%[42]. - The segment loss for the same period was HK$2,178,000, compared to a profit of HK$335,000 in the prior year, indicating a significant downturn in performance[54]. - Revenue for the three months ended June 30, 2022, decreased by approximately HK$1.3 million to approximately HK$5.9 million compared to HK$7.2 million for the same period in 2021[104]. - Revenue from catering service decreased by approximately HK$2.6 million to HK$4.6 million, down from approximately HK$7.2 million in the same period last year[104]. Operational Developments - Management discussed plans for market expansion, focusing on increasing their presence in the Asia-Pacific region[19]. - The company is investing in new product development, aiming to launch two innovative products by the end of Q3 2022[19]. - User data indicated a 15% growth in active users compared to the previous quarter, reaching a total of 50,000 active users[19]. - Future outlook remains positive, with management guiding for a revenue growth of 25% for the next quarter[19]. - The company is exploring potential mergers and acquisitions to enhance its market position and product offerings[19]. - The Group has commenced the business of sales and processing of food and acquired a business in the PRC for manufacturing and sales of frozen aquatic products, which has been reclassified as a discontinued operation[47]. - The Group closed one restaurant in March 2022 to cut losses due to the impact of COVID-19 on the catering industry[100]. - The San Po Kong restaurant is expected to open by the end of August 2022, following a delay in the rental period[100]. - As of June 30, 2022, the Group operated one Korean restaurant and a Central Kitchen for food processing[100]. Governance and Compliance - CBK Holdings Limited emphasized the importance of compliance and governance in its operations, ensuring adherence to GEM Listing Rules[5]. - The Company has complied with the Corporate Governance Code except for the vacancy of the chief executive position since November 23, 2020[157]. - The Audit Committee was established on January 20, 2017, to review the Company's financial reports and supervise internal control procedures[167]. - The Audit Committee consists of three independent non-executive Directors, with Mr. Chong Alex Tin Yam as the chairman[168]. - The Audit Committee reviewed the unaudited consolidated financial statements for the three months ended 30 June 2022, confirming compliance with applicable accounting standards and GEM Listing Rules[169]. - The financial results for the period ended 30 June 2022 were deemed to have adequate disclosures and compliance with legal requirements[170]. Shareholder Information - The Board does not recommend the payment of any dividend for the three months ended June 30, 2022[21]. - The weighted average number of ordinary shares for the purpose of calculating basic and diluted loss per share was 400,761,000[96]. - The Company has not purchased, sold, or redeemed any listed securities from the Listing Date up to three months ended June 30, 2022[153]. - The Company has refreshed the share option scheme approved by shareholders on May 27, 2022[162]. - No share options lapsed or were granted, exercised, or cancelled under the refreshed share option scheme during the three months ended June 30, 2022[165]. - As of the report date, the Directors are not aware of any individuals or entities holding 5% or more of the issued voting shares of the Company[148]. - No substantial shareholder interests or short positions were disclosed under the provisions of the SFO as of the report date[149]. Financial Position - As of June 30, 2022, the total equity attributable to owners was approximately HK$20.6 million, down from HK$22.8 million as of 31 March 2022[131]. - The Group's borrowings as at 30 June 2022 comprised only lease liabilities of approximately HK$8.1 million, down from HK$8.9 million as at 31 March 2022[128]. - The Group's gearing ratio increased to approximately 47.5% as of 30 June 2022, up from 45.5% on 31 March 2022, primarily due to a loss recognized in the previous financial year that reduced the equity base[129][131]. - The loss for the period included other comprehensive income of HK$5,193,000, primarily due to foreign exchange differences from overseas operations[33]. - Government and other subsidies received amounted to HK$660,000, an increase from HK$450,000 in the previous year, representing a growth of 47%[67]. - The cost of inventories sold was HK$2,645,000, slightly down from HK$2,726,000 in the previous year, reflecting a 3% decrease[74]. - Depreciation of property, plant, and equipment increased to HK$1,076,000 from HK$154,000, marking a substantial rise of over 600%[74]. - Administrative expenses increased to approximately HK$4.3 million for the three months ended 30 June 2022, compared to approximately HK$3.1 million for the same period in 2021, mainly due to expenses related to new restaurant operations[120].
汉诺佳池(08428) - 2023 Q1 - 季度财报