Financial Performance - Revenue for the nine months ended December 31, 2021, reached approximately HKD 184.9 million, an increase of about HKD 51.3 million or 38.4% compared to HKD 133.6 million for the same period in 2020[7] - Net profit for the nine months ended December 31, 2021, was approximately HKD 4.3 million, a decrease of about HKD 1.9 million or 30.6% from HKD 6.2 million for the same period in 2020[7] - Gross profit for the nine months ended December 31, 2021, was approximately HKD 117.4 million, compared to HKD 84.6 million for the same period in 2020, reflecting a significant increase[8] - Total comprehensive income for the nine months ended December 31, 2021, was HKD 4.3 million, compared to HKD 6.2 million for the same period in 2020[8] - Basic and diluted earnings per share for the nine months ended December 31, 2021, were HKD 0.4, down from HKD 0.6 for the same period in 2020[8] - The pre-tax profit for the nine months ended December 31, 2021, was HKD 51,204,000, compared to HKD 28,910,000 for the same period in 2020, reflecting a growth of 77.0%[19] Costs and Expenses - The company reported a cost of goods sold of approximately HKD 67.5 million for the nine months ended December 31, 2021, compared to HKD 49.0 million for the same period in 2020[8] - Employee costs for the nine months ended December 31, 2021, were approximately HKD 51.2 million, an increase from HKD 28.9 million for the same period in 2020[8] - The cost of goods sold for the three months ended December 31, 2021, was HKD 24,406,000, representing an increase of 31.0% from HKD 18,602,000 in the same period of 2020[19] - Depreciation of property, plant, and equipment increased from approximately HKD 25.9 million to HKD 29.0 million, a rise of about HKD 3.1 million, due to the operations of Heilan (TF) and Heilan (OC) starting in August 2020 and August 2021 respectively[39] - Rental and related expenses decreased by approximately HKD 2.1 million or 16.2% from HKD 13.0 million to HKD 10.9 million, primarily due to changes in leasing arrangements and the offset from new operations[41] - Fuel and utility expenses increased by approximately HKD 1.3 million or 50.0% from HKD 2.6 million to HKD 3.9 million, attributed to increased customer numbers and new restaurant operations[42] - Administrative expenses rose by approximately HKD 1.8 million or 13.0% from HKD 13.8 million to HKD 15.6 million, driven by increased sales and customer numbers[43] Dividends and Equity - The board of directors decided not to declare any dividends for the period[8] - The company’s total equity as of December 31, 2021, was approximately HKD 51.9 million, up from HKD 49.9 million as of December 31, 2020[10] - The company will not declare a dividend for the nine months ended December 31, 2021[25] Strategic Initiatives - The company aims to enhance its market presence and explore new strategies for growth in the upcoming quarters[8] - The company plans to open a new restaurant named "犇殿(TY)" in Tsing Yi in the third quarter of 2022[28] - The company is actively seeking suitable locations to accommodate expected operational scale and execute the plans disclosed in the prospectus[60] Tax and Compliance - The group reported a deferred tax expense of HKD (1,064,000) for the nine months ended December 31, 2021, compared to a tax credit of HKD 1,041,000 in the same period of 2020[21] - The company confirmed an estimated tax expense of approximately HKD 1.1 million for the nine months ended December 31, 2021, due to taxable profits generated in Hong Kong[46] - The audit committee, composed entirely of independent non-executive directors, has reviewed the unaudited condensed consolidated results for the nine months ended December 31, 2021, and believes they are prepared in accordance with applicable accounting standards[75] Shareholder Information - As of December 31, 2021, Future More holds 750,000,000 shares, representing 75% of the issued shares, with significant ownership by key executives[63] - Key executives, including Mr. Kwan and Ms. Kwan, each hold 750,000,000 shares, equating to 75% ownership, through controlled corporations[65] - The total issued shares as of December 31, 2021, were 1,000,000,000, serving as the basis for calculating ownership percentages[64] Operational Insights - The group operates primarily in Hong Kong, focusing on providing dining services through chain restaurants, with no independent financial data for separate operating segments[18] - The company has maintained consistent accounting policies in line with the previous year's financial statements[15] - The company is focused on resource allocation and performance evaluation based on overall operational results rather than segment reporting[18] - The company has not granted any stock options under the stock option plan since its adoption, and as of December 31, 2021, there are no unexercised stock options[67] - During the relevant period, the company did not repurchase any of its listed securities, nor did it or any of its subsidiaries purchase or sell any related securities[68] - As of December 31, 2021, the board of directors is not aware of any business or interests that may directly or indirectly compete with the group’s business[69] - The company has maintained the public float required by the GEM Listing Rules as of the report date[73]
MS CONCEPT(08447) - 2022 Q3 - 季度财报