Financial Performance - Revenue for the three months ended June 30, 2022, was approximately HKD 54.6 million, a decrease of about HKD 1.6 million or 2.8% compared to HKD 56.2 million for the same period in 2021[9] - Net profit for the same period was approximately HKD 4.1 million, an increase of about HKD 3.4 million compared to HKD 0.7 million for the three months ended June 30, 2021[9] - Gross profit for the three months ended June 30, 2022, was approximately HKD 34.5 million, down from HKD 36.3 million in the previous year[10] - Basic and diluted earnings per share for the period were HKD 0.41, compared to HKD 0.07 for the same period in 2021[10] - Total comprehensive income for the period attributable to owners of the company was HKD 4.1 million, compared to HKD 0.7 million in the previous year[10] - Profit attributable to owners of the company for the three months ended June 30, 2022, was HKD 4.1 million, compared to HKD 0.7 million in 2021[23] - Profit for the period increased by approximately HKD 3.4 million from approximately HKD 0.7 million to approximately HKD 4.1 million[43] Dividends and Equity - The board of directors decided not to declare any dividends for the period[8] - The company did not declare any dividends for the three months ended June 30, 2022[24] - The company’s total equity as of June 30, 2022, was approximately HKD 46.5 million, an increase from HKD 42.5 million as of April 1, 2022[11] Costs and Expenses - Employee costs for the period were approximately HKD 12.2 million, down from HKD 16.0 million in the previous year[10] - Cost of goods sold for the same period was approximately HKD 20.1 million, an increase of about 1.5% from HKD 19.8 million in 2021[30] - Overall gross margin decreased from approximately 64.6% in 2021 to about 63.2% in 2022[32] - Employee costs decreased by approximately HKD 3.8 million or 23.8% from approximately HKD 16.0 million to approximately HKD 12.2 million, primarily due to government subsidies from the "Employment Support Scheme"[35] - Depreciation decreased by approximately HKD 0.6 million or 6.1% from approximately HKD 9.9 million to approximately HKD 9.3 million, mainly due to the opening of a new restaurant and the closure of another[36] - Rental and related expenses increased from approximately HKD 3.1 million to approximately HKD 3.7 million, driven by improved consumer sentiment and the launch of a consumption voucher scheme[37] - Administrative expenses decreased by approximately HKD 0.3 million or 6.0% from approximately HKD 5.0 million to approximately HKD 4.7 million, mainly due to reduced bank fees from lower revenue[40] - Financing costs increased by approximately HKD 0.2 million to approximately HKD 1.0 million, primarily due to increased financing costs from lease liabilities[41] Business Operations - The company continues to focus on providing dining services in Hong Kong, with no specific new product or market expansion strategies mentioned in the report[14] - The company opened a new restaurant under the "犇殿" brand in Tsing Yi in July 2022, providing an additional revenue source[26] - The overall customer count visiting the company's restaurants decreased compared to the same period last year due to COVID-19 restrictions[25] - The government launched a new round of consumption voucher scheme in April 2022, which is expected to positively impact consumer sentiment[26] - The company is monitoring global interest rates and inflation, which may affect operating costs in the restaurant industry[26] Other Income and Gains - The company recorded other income and gains of approximately HKD 1.7 million, compared to HKD 0.4 million in the previous year[10] - Other income increased from approximately HKD 0.4 million to approximately HKD 1.7 million, mainly due to government subsidies under the sixth round of the anti-epidemic fund[33] Compliance and Governance - The audit committee reviewed the unaudited consolidated results for the three months ended June 30, 2022, and found them to be prepared in accordance with applicable accounting standards[69] - The board of directors confirmed compliance with the trading standards and codes of conduct regarding securities transactions as of June 30, 2022[64] Shareholder Information - Future More holds 750,000,000 shares, representing 75% of the issued shares as of June 30, 2022[56] - The ownership percentages of Future More are 14%, 18%, 18%, 25%, and 25% for the respective shareholders as of June 30, 2022[56] - No stock options have been granted under the stock option plan since its adoption, and there are no unexercised stock options as of June 30, 2022[59] Significant Events - No significant acquisitions or disposals were reported during the period[46] - There were no significant events affecting the group from June 30, 2022, to the report date[70]
MS CONCEPT(08447) - 2023 Q1 - 季度财报