2022-10-13-港交所-高门集团_2022_23_第一季度报告_42页_4mb

GEM Market Characteristics and Investment Risks:

• GEM targets small and mid-sized companies with higher investment risks compared to the Main Board.
• Prospective investors must conduct thorough due diligence and understand the potential for market volatility and liquidity issues.

Financial Performance:

• Revenue declined by approximately 42% to HK$10.3 billion; operating losses increased from HK$1.9 million to approximately HK$2.6 million.
• Factors contributing to the decline include the termination of certain operations (e.g., Mudita and Maximus) and the ongoing impact of the COVID-19 pandemic.

Business Operations:

• The Group operates clubs and bars in Hong Kong, focusing on diversified segments; revenue dropped due to reduced customer patronage and tighter COVID-19 control measures.
• Moves to terminate underperforming businesses aim to optimize resource allocation and enhance financial stability.

Market and Competitive Risks:

• GEM-listed companies face heightened competition and costs; reliance on suppliers or real estate vulnerabilities could impact operations.
• Global factors like pandemics, tourism downturns, and regulatory changes pose significant risks to business continuity.

Without dividends distributed, total shareholders' equity decreased by approximately 2.8 billion Hong Kong dollars.

Primary unlisted risks involve market uncertainty, interactions with companies not under clear control, and potential geopolitical impacts.