Share This

Public company info - Top Standard Corporation , 08510.HK
Input the stock code or the company name     Search  
 
 Profile   Information   Data   Financial Ratios   Profit Loss   Cash Flow   Balance   Earnings   Dividend 

Top Standard Corporation, 08510.HK - Company Profile
Chairman Chuk Stanley Cah Fai
Share Issued (share) 1,152,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Restaurants & Fast Food Shops
Corporate Profile Business Summary: The Group is principally engaged in the provision of catering services (including services provided and food served). Performance for the year: The Group’s revenue decreased to approximately HK$96.6 million for the year ended 31 March 2020 from approximately HK$129.2 million for the year ended 31 March 2019, representing a decrease of approximately 25.2% The Group’s basic loss per share increased to approximately 11.7 HK cents for the year ended 31 March 2020 from approximately 4.7 HK cents for the year ended 31 March 2019, representing an increase of approximately 7.0 HK cents. Business Review The Group is a Hong Kong based restaurant group that offers Sichuanese and Cantonese, fusion vegetarian and Japanese cuisines under the “San Xi Lou (三希樓)”, “Pure Veggie House (心齋)”, “Man Jiang Hong (滿江紅)” and “Ronin (浪 人)” brands, respectively. The Group’s revenue for the year ended 31 March 2020 was primarily derived from catering income through its restaurants. For the year ended 31 March 2020, the Group recorded a decrease in revenue of approximately HK$32.5 million, representing a decrease of approximately 25.2%, from approximately HK$129.2 million for the year ended 31 March 2019 to approximately HK$96.6 million for the year ended 31 March 2020. Such decrease was mainly due to (i) The decrease in revenue due to the impact from the social incidents since June 2019 and the outbreak of the novel coronavirus (“COVID-19”) and (ii) the material impairment loss on property and equipment and right-of-use assets. On 13 February 2018 (the “Listing Date”), the Shares were successfully listed on GEM by way of Share Offer. After deducting all the relevant commissions and expenses borne by the Company, there were approximately HK$42.3 million of net proceeds from the Share Offer. The Group will utilise such net proceeds in accordance with the business strategies as set out in the Company’s prospectus (the “Prospectus”) dated 31 January 2018 and The Group’s announcement regarding the change of use of proceeds dated 9 October 2018. Prospects: The outbreak of COVID-19 in Hong Kong and various countries around the globe has affected many businesses to different extent. Food and Beverage is one the industries that encountered the most difficult impact. To cope with this, the management has put much efforts on tightening the control over the procurement of the raw materials and other costs incurred in The Group’s operations. The effects from the measures begin to be reflected in the decreasing trend over various costs. The management also actively negotiates with the suppliers, landlords and other business partners to sort out feasible measures to overcome this tough time. The Group estimates that the degree of COVID-19 impact would be dependent on the outcome of various preventive measures and the duration of the epidemic. The Group is closely monitoring the market development and continuously evaluating the financial impact of the COVID-19 situation on the Group’s operational and financial performance. Given the unpredictability of future development of COVID-19, the impacts to the Group could not be reasonably and accurately estimated at this stage. However, The Group will continue to take actions to control costs and drive efficiency to maintain The Group’s profitability and competitiveness in the market. The Group is also seeking for potential buyers or investors for some under-performed restaurants and performed capital raising like placing new shares in order to improve the Group’s cash flow status and relieve liabilities burden.

Information from the financial statements of listed companies

Mobile | Full
Forum rule | About Us | Contact Info | Terms & Conditions | Privacy Statment | Disclaimer | Site Map
Copyright (C) 2024Suntek Computer Systems Limited. All rights reserved
Disclaimer : In the preparation of this website, 88iv endeavours to offer the most current, correct and clearly expressed information to the public. Nevertheless, inadvertent errors in information and in software may occur. In particular but without limiting anything here, 88iv disclaims any responsibility and accepts no liability (whether in tort, contract or otherwise) for any direct or indirect loss or damage arising from any inaccuracies, omissions or typographical errors that may be contained in this website. 88iv also does not warrant the accuracy, completeness, timeliness or fitness for purpose of the information contained in this website.