Financial Performance - Revenue for the first quarter of 2023 was RMB 14,683,000, an increase of 13.6% compared to RMB 12,925,000 in the same period of 2022[4] - Gross profit for the first quarter of 2023 was RMB 1,662,000, compared to a gross loss of RMB 1,291,000 in the first quarter of 2022[4] - Operating loss for the first quarter of 2023 was RMB 33,687,000, significantly higher than the operating loss of RMB 9,312,000 in the same period last year[4] - The net loss for the first quarter of 2023 was RMB 29,514,000, compared to a net loss of RMB 13,186,000 in the first quarter of 2022[5] - Basic and diluted loss per share for the first quarter of 2023 was RMB 2.95, compared to RMB 1.35 in the same period of 2022[5] - Other income increased to RMB 620,000 in the first quarter of 2023 from RMB 34,000 in the same period of 2022[4] - Fair value loss on investment properties was RMB 30,050,000 in the first quarter of 2023, compared to RMB 690,000 in the same period of 2022[4] - The total comprehensive loss for the first quarter of 2023 was RMB 29,331,000, compared to RMB 13,023,000 in the first quarter of 2022[5] - The company recorded a loss attributable to owners of approximately RMB 29,514,000 for the three months ended March 31, 2023, compared to a loss of RMB 13,186,000 for the same period in 2022[21] Revenue Sources and Growth - Room revenue from the company's seven themed hotels increased by approximately 29.4% to about RMB 7,400,000 for the three months ended March 31, 2023, compared to the same period in 2022[24] - The average occupancy rate of the themed hotels rose from approximately 26.1% for the three months ended March 31, 2022, to about 28.0% for the same period in 2023[24] - The company's selling costs for the period were approximately RMB 13,000,000, a decrease of about 8.4% from RMB 14,200,000 for the same period in 2022[28] - The deferred tax credit for the period was approximately RMB 7,500,000, significantly higher than the tax expense of about RMB 200,000 for the same period in 2022[32] - The company aims to expand its hotel portfolio domestically and diversify its revenue sources, focusing on health and wellness services[33] - The company anticipates continued growth in demand for health and wellness services as public awareness of health increases post-COVID-19[33] Shareholder Information - As of March 31, 2023, the company has a total of 1,129,962,000 shares issued, with major shareholders holding significant stakes, including Harvest Talent with 336,500,000 shares, representing 29.78% of the issued capital[38] - Mr. Han holds 350,900,000 shares, accounting for 31.05% of the total issued capital, through controlled entities and derivative instruments[37] - The company has a total of 60,000,000 shares held by Fu An and Fu Nuo, each representing 5.31% of the issued capital[38] - Mr. Li holds 97,500,000 shares, which is 8.63% of the total issued capital, through controlled entities[38] - The company has a total of 286,000,000 shares held by Mr. Tam through his controlled entities, representing 25.31% of the issued capital[38] Corporate Governance - The company is committed to high standards of corporate governance, although Mr. Han serves as both Chairman and CEO, which is a deviation from the corporate governance code[43] - The company has complied with applicable corporate governance code provisions during the reporting period[43] - No directors or major shareholders have reported any interests in competing businesses as of March 31, 2023[40] Stock Options - The stock option plan adopted in November 2016 is valid for 10 years, having become unconditional after the company's listing[44] - The company granted stock options with an exercise price of HKD 0.62 on April 5, 2017, and HKD 0.1742 on June 20, 2022, totaling 83,038,000 options granted, with 15,813,800 options canceled during the period[46][47] - As of March 31, 2023, the total number of stock options remaining after cancellations is 74,448,000[46] - The stock options are subject to a vesting schedule, with 25% of the total shares to be issued exercisable from April 5, 2018, to April 4, 2025[47] - The company has no new stock options granted, exercised, or expired during the covered period, aside from those disclosed[47] Operational Information - The company operates the "Gudu Hot Spring Resort" located in Jiangmen City, Guangdong Province, China[54] - The "Yuequan Lake Residence Hotel" commenced operations in July 2019 as a new themed hotel[57] - The company has a land area of approximately 67,860.7 square meters at the Gudu Hot Spring Resort[55] - The total number of available room nights for rental is calculated excluding rooms under renovation or maintenance[55] - The occupancy rate is defined as the total number of room nights sold divided by the total available room nights[55] Audit and Compliance - The audit committee reviewed the report and confirmed that the financial performance for the three months ending March 31, 2023, complies with applicable accounting standards[49] - The company did not purchase, redeem, or sell any of its listed securities during the three months ending March 31, 2023[48] - The report covers the three-month period ending March 31, 2023[55] - The company is registered in the British Virgin Islands under the name Harvest Talent Investments Limited[54] - The report includes information on the board of directors as of March 27, 2024[58]
古兜控股(08308) - 2024 Q1 - 季度财报