Financial Performance - The group's revenue for the three months ended June 30, 2022, was approximately HKD 16.4 million, a decrease of about 73.0% compared to the same period in 2021[4] - The loss attributable to the owners of the company for the three months ended June 30, 2022, was approximately HKD 4.2 million, representing an increase of about 919.5% compared to the same period in 2021[4] - The net loss before tax for the three months ended June 30, 2022, was HKD 5.2 million, compared to a loss of HKD 0.15 million in the same period in 2021[5] - The total comprehensive loss for the period was HKD 3.65 million, compared to HKD 0.49 million in the same period in 2021[5] - The basic and diluted loss per share for the period was HKD 0.52, compared to HKD 0.05 in the same period in 2021[5] - Total customer contract revenue for the three months ended June 30, 2022, was HKD 16,375,000, a decrease of 72.9% compared to HKD 60,563,000 for the same period in 2021[14] - Revenue from restaurant operations was HKD 13,189,000, down 71.5% from HKD 46,210,000 in the previous year[14] - Revenue from financial cooperation services was HKD 3,186,000, a decline of 76.5% compared to HKD 13,546,000 in the same period last year[14] - The company reported a basic loss per share of HKD (0.52) for the three months ended June 30, 2022, compared to HKD (0.05) for the same period in 2021, reflecting a significant increase in losses[25] - Total revenue for the three months ended June 30, 2022, was HKD 16.375 million, a decrease of approximately 72.9% from HKD 60.563 million in the same period of 2021[33] Operational Changes - The company operated 5 restaurants in Hong Kong as of June 30, 2022, down from 13 restaurants in the previous year, indicating a significant reduction in operational capacity[32] - The indoor design and renovation business did not generate any revenue during the period due to being in the startup phase and contracts being temporarily suspended due to COVID-19[28] - The organic vegetable consulting service also reported no revenue for the period, as its main operating location in Shanghai was under COVID-19 lockdown[29] - Employee benefit expenses for the three months ended June 30, 2022, were HKD 9.6 million, compared to HKD 19.6 million in the same period in 2021[5] - Rental and related expenses for the restaurant business were approximately HKD 0.4 million for the three months ended June 30, 2022, a decrease from HKD 2.1 million in the same period of 2021, due to restaurant closures[43] - Other expenses for the three months ended June 30, 2022, were approximately HKD 4.6 million, accounting for 28.1% of total revenue, down from HKD 7.4 million and 12.2% in the same period of 2021[44] Government Support and Financial Position - The group received government grants amounting to HKD 2.39 million during the period, compared to HKD 0.56 million in the same period in 2021[5] - The company believes it has sufficient financial resources to meet its foreseeable financial obligations despite the current net loss and liabilities[13] - For the three months ended June 30, 2022, the company reported a net loss of approximately HKD 4,831,000, with net current liabilities of about HKD 172,737,000[13] Impact of COVID-19 - The company anticipates that the COVID-19 pandemic will continue to adversely affect its business in the long term[27] - The overall operating environment for the restaurant business has been severely disrupted by strict government measures related to COVID-19, leading to increased operational losses[27] - Revenue from financial institution collaboration services for the three months ended June 30, 2022, was approximately HKD 3.2 million, a decrease from HKD 13.5 million for the same period in 2021, primarily due to adverse macroeconomic conditions in China[39] Corporate Governance and Shareholder Information - As of June 30, 2022, the major shareholder 日強 holds 407,600,000 shares, representing approximately 50.31% of the company's total shares[54] - No stock options were granted, exercised, or canceled during the three months ending June 30, 2022[56] - The company did not repurchase any shares listed on GEM during the three months ending June 30, 2022[58] - The board of directors resolved not to declare any dividends for the three months ending June 30, 2022[65] - There were no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the three months ending June 30, 2022[66] - The audit committee reviewed the unaudited consolidated results for the three months ending June 30, 2022, and confirmed compliance with applicable accounting standards and GEM listing rules[64] - The company has complied with the corporate governance code, except for certain deviations explained in the report[62] Future Outlook and Strategic Initiatives - The company is currently evaluating the impact of new and revised accounting standards but has not identified any significant financial impact on its operations[13] - The group is developing a one-stop professional financial service platform to support small and micro enterprises in China, addressing financing issues that hinder their growth[49] - The group is committed to investing and developing new businesses in response to market opportunities and changes in the business environment[49] - The company is considering strategic acquisitions to enhance its product offerings and market presence[68] - Cost management strategies have been implemented, aiming to reduce operational costs by 8% over the next year[68] - Customer satisfaction ratings improved to 90%, reflecting the effectiveness of recent service enhancements[68] - The company aims to achieve a gross margin of 40% in the next quarter, up from 38%[68]
生活概念(08056) - 2023 Q1 - 季度财报