Financial Performance - Revenue increased by approximately 43.6% to HKD 757,248,000[2] - Profit attributable to owners increased by approximately HKD 21,570,000 or 43.0% to about HKD 71,690,000[2] - The group reported a pre-tax profit of HKD 85,877,000 for the nine months ended December 31, 2023, compared to HKD 55,492,000 for the same period in 2022[14] - Total comprehensive income for the period was HKD 71,278,000, up from HKD 48,202,000 year-on-year[14] - Basic earnings per share for the nine months ended December 31, 2023, increased to 18.9 HK cents, up from 13.0 HK cents for the same period in 2022, representing a growth of 45.4%[34] - The company reported a basic earnings per share of 6.0 HK cents for the three months ended December 31, 2023, compared to 4.5 HK cents for the same period in 2022, reflecting a year-over-year increase of 33.3%[34] - Net profit for the nine months ended December 31, 2023, was approximately HKD 72,015,000, representing an increase of 45.4% or HKD 22,482,000 compared to the previous period[73] Customer Growth and Spending - As of December 31, 2023, the company opened 14 new restaurants, contributing to a customer increase of 37.7% to 3,055,631 visits[2] - Average spending per customer rose from HKD 237.7 to HKD 247.8[2] - Customer visits reached 3,055,631 in the third quarter of fiscal year 2024, an increase of 836,261 or 37.7% compared to the same period in the previous year[67] - Average spending per customer rose from HKD 237.7 to HKD 247.8, reflecting a growth of 4.5%[67] Restaurant Expansion - The total number of restaurants increased from 42 to 55 over the nine months ending December 31, 2023, representing a growth of 30.95%[63] - The company plans to reopen two restaurants in December 2023 after renovations, enhancing its market presence[46] - A new restaurant named "Taipei Dining" will be launched in Tuen Mun Town Plaza in December 2023, indicating ongoing market expansion efforts[47] - The company opened 14 new restaurants during the nine months ending December 31, 2023, contributing to the overall growth in customer visits[63] - The total number of restaurants in Hong Kong reached 51 by December 31, 2023, up from 39 at the end of March 2023[63] - The number of Japanese and Chinese restaurants increased from 22 and 13 to 30 and 17 respectively over the same period[62] Costs and Expenses - The company incurred employee costs of HKD 222,760,000, an increase from HKD 156,152,000 in the previous year[14] - Employee costs increased by approximately 42.7% in Q3 FY2024 compared to Q3 FY2023, maintaining a stable percentage of 29.4% of revenue[71] - Depreciation of property, plant, and equipment amounted to HKD 31,202,000, compared to HKD 21,304,000 in the prior year[14] - Depreciation of property, plant, and equipment increased by approximately 46.5%, while the depreciation of right-of-use assets increased by about 45.0% in Q3 FY2024, both remaining stable at 4.1% and 13.7% of revenue respectively[72] - Property rental and related expenses increased by approximately 32.9% compared to Q3 FY2023, primarily due to more restaurants commencing operations in Q3 FY2024[99] - The percentage of property rental and related expenses to revenue slightly decreased from 5.8% to 5.4% due to a decline in revenue caused by the Hong Kong government's dining restrictions[99] Compliance and Governance - The financial report indicates that the company is adhering to the new and revised Hong Kong Financial Reporting Standards, which came into effect on April 1, 2023[41] - The financial results were reviewed by the board and the audit committee, ensuring compliance with GEM listing rules[20] - The company’s financial statements are prepared in accordance with Hong Kong Financial Reporting Standards and GEM Listing Rules[55] - As of December 31, 2023, the company has complied with the corporate governance code as per GEM listing rules[123] - The audit committee reviewed the unaudited condensed consolidated financial statements for the nine months ending December 31, 2023, confirming compliance with applicable accounting standards and disclosure requirements[132] Market Outlook and Strategy - The company plans to continue expanding its market presence and enhancing its product offerings[20] - The company aims to enhance food quality and provide top-notch service as part of its strategy to ensure value for money[126] - The company expresses gratitude to employees and management for their contributions during the reporting period[125] - The company is optimistic about the continuous improvement of the Hong Kong market as the world returns to normalcy[126] - The number of tourists entering Hong Kong in December significantly increased, indicating a potential market improvement[126] Shareholder Information - Major shareholders include Mr. Huang and Ms. Chen, each holding 260,302,000 shares, representing approximately 68.74% of the total equity[121] - IKEAB Limited holds 250,318,000 shares, accounting for approximately 66.10% of the total equity[121] Miscellaneous - The company did not receive any government subsidies in Q3 FY2024, contrasting with approximately HKD 16,700,000 received in Q3 FY2023[96] - The company has no significant contingent liabilities as of December 31, 2023[75] - The group had no bank borrowings as of December 31, 2023[101] - The group's outstanding capital commitments were approximately HKD 300,000 as of December 31, 2023[102] - The company has not purchased, sold, or redeemed any of its listed securities during the nine months ending December 31, 2023[130] - No competitive business activities or conflicts of interest were reported among directors or major shareholders as of December 31, 2023[131]
尝高美集团(08371) - 2024 Q3 - 季度业绩