Financial Performance - The Group recorded revenue of approximately HK$7.7 million for the three months ended June 30, 2023, representing an increase of 30.5% compared to approximately HK$5.9 million for the same period in 2022[16]. - Revenue for the three months ended June 30, 2023, was HK$7,694,000, representing a 30.9% increase from HK$5,877,000 in the same period of 2022[22]. - Revenue for the three months ended June 30, 2023, increased by approximately HK$1.8 million to approximately HK$7.7 million compared to HK$5.9 million for the same period in 2022[76]. - Revenue from catering services through restaurant operations in Hong Kong was HK$6,303,000, up 36.0% from HK$4,634,000 in the previous year[38][48]. - Sales and processing of food generated revenue of HK$1,391,000, an increase of 11.9% compared to HK$1,243,000 in the prior year[38][48]. Profitability - The Group achieved a gross profit of approximately HK$4.6 million for the three months ended June 30, 2023, up from approximately HK$3.2 million for the same period in 2022, indicating a gross profit margin improvement[16]. - Gross profit for the same period was HK$4,555,000, up 41.0% from HK$3,232,000 year-over-year[22]. - The gross profit margin for catering services increased by approximately 4.2% to approximately 68.6% for the three months ended June 30, 2023, from approximately 64.4% in 2022[83]. - Loss attributable to owners of the Company was approximately HK$4.1 million for the three months ended June 30, 2023, a decrease from approximately HK$5.2 million for the same period in 2022, reflecting a reduction in losses[17]. - Basic and diluted loss per share attributable to owners of the Company was approximately HK$0.14 for the three months ended June 30, 2023, down from approximately HK$0.39 for the same period in 2022[17]. Expenses - Employee benefit expenses increased to HK$3,413,000 from HK$2,756,000, marking a 23.8% rise[22]. - Administrative expenses decreased significantly to HK$2,002,000 from HK$4,345,000, a reduction of 53.9%[22]. - Finance costs rose to HK$545,000 from HK$107,000, an increase of 409.3%[22]. - The cost of inventories sold increased to HK$3,139,000 from HK$2,645,000, and employee benefit expenses rose to HK$3,413,000 from HK$2,756,000 year-over-year[56]. Equity and Borrowings - The total equity attributable to owners of the Company as of June 30, 2023, was HK$17,495,000, compared to HK$15,953,000 at the same time last year, reflecting an increase of 9.7%[25]. - Total equity attributable to owners of the Company amounted to approximately HK$18.4 million as of June 30, 2023, compared to HK$3.6 million on March 31, 2023[107]. - The Group's borrowings included lease liabilities of approximately HK$8.5 million as of June 30, 2023, up from HK$7.3 million on March 31, 2023[108]. - The gearing ratio was approximately 67.8% as of June 30, 2023, an improvement attributed to the Rights Issue completed in June 2023, which generated net proceeds of approximately HK$18.9 million[109]. Operations and Future Plans - The company has closed or terminated some operations to cut losses and implemented cost-saving measures, including negotiating rent concessions with landlords[70]. - The company plans to actively seek opportunities for expansion in its catering service business following a rights issue completed on June 14, 2023[72]. - The Group plans to open new restaurants, with an estimated HK$11 million allocated for this purpose, and expects to utilize the funds by December 2023[125]. - The management has identified a new premises in Whampoa to offer hotpot with Japanese food, with a gross floor area of approximately 280 sq. m[122]. Governance and Compliance - The company has complied with the Corporate Governance Code except for the vacancy of the Chief Executive position since November 23, 2020, which has not materially impacted operations[137]. - The Audit Committee was established on January 20, 2017, and is responsible for reviewing financial reports and internal control procedures[148]. - The company confirms compliance with the required standard of dealings regarding directors' securities transactions for the three months ended June 30, 2023[140]. - The report indicates that adequate disclosures have been made regarding the financial performance of the Group[152]. Shareholder Information - The interests of directors in share options include a total of 448,909 share options as of June 30, 2023, with an exercise price of HK$3.954 per option[144]. - No directors or the chief executive have any interests or short positions in shares or debentures that require notification to the company or the Stock Exchange[147]. - The company has not identified any other individuals or entities with 5% or more voting rights in the issued shares as of the report date[133].
汉诺佳池(08428) - 2024 Q1 - 季度财报