Financial Performance - The group's revenue for the nine months ended December 31, 2021, was approximately HKD 145.3 million, an increase of about 31.7% compared to the same period in 2020[4] - The total comprehensive loss attributable to the owners of the company for the nine months ended December 31, 2021, was approximately HKD 21.8 million, a decrease of about 37.7% compared to the same period in 2020[4] - The group reported a net loss before tax of HKD 23.2 million for the nine months ended December 31, 2021, compared to a loss of HKD 42.5 million for the same period in 2020[5] - The group reported a total comprehensive loss of HKD 24.8 million for the nine months ended December 31, 2021, compared to HKD 42.4 million for the same period in 2020[5] - For the nine months ended December 31, 2021, the company reported a net loss of approximately HKD 20,937,000, with net current liabilities of about HKD 260,759,000[12] - For the nine months ended December 31, 2021, the company reported a loss attributable to owners of HKD 17,910,000, compared to a loss of HKD 33,526,000 for the same period in 2020, representing a 46.6% improvement[27] - The company reported a loss attributable to owners of approximately HKD 17.9 million for the nine months ended December 31, 2021, a decrease from a loss of HKD 33.5 million for the same period in 2020[54] Revenue Breakdown - The group's total revenue for the three months ended December 31, 2021, was HKD 37.6 million, compared to HKD 40.2 million in the same period in 2020[5] - Revenue from restaurant operations for the nine months ended December 31, 2021, was HKD 117,958,000, an increase of 8.5% from HKD 108,503,000 in the same period of 2020[13] - The company generated HKD 25,079,000 from financial cooperation services for the nine months ended December 31, 2021, compared to HKD 468,000 in the same period of 2020, indicating a significant increase[13] - Revenue from organic vegetable consulting services for the nine months ended December 31, 2021, was HKD 2,289,000, up from HKD 1,003,000 in the same period of 2020, reflecting a growth of approximately 128.5%[13] - Revenue from Western restaurants increased by approximately HKD 9.1 million or 11.1% to approximately HKD 90.8 million for the nine months ended December 31, 2021, compared to HKD 81.7 million for the same period in 2020[38] - Revenue from Italian restaurants rose by approximately HKD 2.9 million or 16.2% to approximately HKD 20.8 million for the nine months ended December 31, 2021, compared to HKD 17.9 million for the same period in 2020[39] - Revenue from Asian restaurants decreased by approximately HKD 5.7 million or 64.7% to approximately HKD 3.1 million for the nine months ended December 31, 2021, compared to HKD 8.9 million for the same period in 2020, due to restaurant closures[40] - Revenue from Chinese restaurants was approximately HKD 3.2 million for the nine months ended December 31, 2021, compared to zero in the same period in 2020, as operations were halted due to COVID-19[41] - Revenue from organic vegetable consulting services increased to approximately HKD 2.3 million for the nine months ended December 31, 2021, from HKD 1.0 million in the same period in 2020, driven by client expansion[43] - Revenue from financial institution collaboration services surged to approximately HKD 25.1 million for the nine months ended December 31, 2021, from HKD 0.5 million in the same period in 2020, marking a significant increase[44] Expenses and Costs - The group incurred employee benefit expenses of HKD 50.5 million for the nine months ended December 31, 2021, down from HKD 55.7 million in the same period in 2020[5] - Cost of sales and consumed inventory for the nine months ended December 31, 2021, was approximately HKD 28.7 million, representing 19.7% of total revenue, compared to HKD 26.2 million or 23.7% in the same period in 2020[45] - Employee benefits expenses decreased from approximately HKD 52.4 million to approximately HKD 45.1 million for the nine months ended December 31, 2021, due to restaurant closures and staff reductions[47] - Depreciation and related expenses for the Hong Kong restaurant business were approximately HKD 22.6 million for the nine months ended December 31, 2021, down from HKD 31.0 million in the same period in 2020, primarily due to fewer lease agreements following restaurant closures[49] - Other expenses increased to approximately HKD 24.7 million for the nine months ended December 31, 2021, accounting for 17.0% of total revenue, compared to HKD 8.2 million and 7.5% in the previous period[51] - Financial costs increased due to interest expenses related to accrued loan referral costs, primarily from the financial cooperation services segment[52] Operational Insights - The company operates 10 restaurants in Hong Kong and China as of December 31, 2021, down from 13 in 2020, with no new restaurants opened during the period[35] - The company is currently evaluating the impact of new and revised accounting standards on its financial performance but has not identified any significant financial impact as of now[12] - The company believes it has sufficient financial resources to meet its foreseeable financial obligations despite the current net loss and liabilities[12] - The company continues to conduct comprehensive risk assessments and develop contingency plans to mitigate the impact of COVID-19 on its operations[30] - The restaurant revenue and operating performance in Hong Kong have shown signs of recovery since the easing of social distancing measures and the promotion of electronic consumption vouchers[57] - The company has reduced operating costs in its restaurant business by selling and closing several loss-making restaurants[57] - The demand for high-quality ingredients is increasing due to rising living standards, making organic vegetable consulting an important part of the company's diversified development[55] Corporate Governance and Compliance - The audit committee reviewed the unaudited consolidated results for the nine months ended December 31, 2021, ensuring compliance with applicable accounting standards and GEM listing rules[70] - The company has adopted the GEM listing rules regarding securities trading by directors, confirming compliance during the nine months ended December 31, 2021[67] - The company has adhered to the corporate governance code, with some deviations explained, particularly regarding the roles of the chairman and CEO not being separated[68] - There were no significant contracts in which the directors had a direct or indirect material interest during the nine months ended December 31, 2021[65] - There were no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the nine months ended December 31, 2021[72] - There were no significant subsequent events after December 31, 2021, up to the report date[73] Shareholder Information - No dividends were declared for the nine months ended December 31, 2021, consistent with the same period in 2020[4] - As of December 31, 2021, there were no unexercised share options, and no share options were granted, exercised, cancelled, or lapsed during the nine months ended December 31, 2021[63] - The company did not purchase, sell, or redeem any of its listed securities during the nine months ended December 31, 2021[64] Management and Strategy - The company is expanding its services in China, including interior design and renovation, organic vegetable consulting, and financial cooperation services[55] - The company plans to continue investing in and developing new businesses as opportunities arise[56] - The company will continue to monitor the business environment and government policy changes to adjust its business strategies accordingly[55]
生活概念(08056) - 2022 Q3 - 季度财报