Group 1 - A video posted by a netizen showed multiple black insects in a bowl at a Ajisen Ramen restaurant in Shenzhen, prompting an investigation by the local market supervision authority [2] - The Shenzhen Baoan District Market Supervision Administration confirmed that the restaurant was ordered to cease operations for rectification after the incident [2] - The affected restaurant has been reported to be closed and is undergoing administrative measures as a result of the findings [2]

截至月份: 2025年9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 味千(中國)控股有限公司 呈交日期: 2025年10月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00538 | 說明 | 普通股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.1 | HKD | | 1,000,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.1 | HKD | | 1,000,000,000 | 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月 ...

Financial Performance - For the six months ended June 30, 2025, the company's revenue was RMB 875.3 million, representing a 5.9% increase compared to RMB 826.8 million in the same period of 2024[10] - Gross profit for the same period was RMB 673.9 million, also up by 5.9% from RMB 636.3 million year-over-year[10] - The company reported a profit attributable to shareholders of RMB 24.2 million, a significant recovery from a loss of RMB 7.2 million in the previous year[10] - Restaurant business revenue recorded approximately RMB 849,095,000, representing a 7.2% increase from RMB 792,194,000 in the previous year, accounting for about 97.0% of total revenue[16] - Operating profit for the same period was RMB 31,131 thousand, significantly up from RMB 11,121 thousand in 2024, representing an increase of 179.5%[51] - Net profit for the period was RMB 25,546 thousand, compared to a loss of RMB 4,261 thousand in 2024, marking a turnaround in profitability[53] - Profit before tax for the six months ended June 30, 2025, was approximately RMB 36,845,000, compared to a loss of RMB 15,566,000 for the same period in 2024[32] - The company reported a net profit of RMB 24,232,000 for the six months ended June 30, 2025, compared to a loss of RMB 7,157,000 in the same period of 2024, indicating a significant turnaround[57] Operational Highlights - The number of restaurants operated by the company reached 608 across 123 cities in China, with a strong presence in Shanghai (109 restaurants) and Guangdong (88 restaurants)[5] - The group expanded its restaurant network by 33 locations, reaching a total of 608 restaurants as of June 30, 2025[17] - The company is focusing on digital transformation and improving online and offline operational integration to create a competitive advantage[13] - The company aims to enhance product and service quality while strengthening internal management and cost control to navigate the challenges in the restaurant industry[13] Economic Environment - The overall economic environment in China showed a GDP growth of 5.3% in the first half of 2025, indicating a stable economic backdrop for the company's operations[11] - The overall restaurant industry in China saw a revenue increase of 4.3% year-over-year, but the growth rate has slowed down compared to the previous year[11] - The consumer market is expected to see renewed growth in the second half of 2025 due to seasonal demand during summer and major holidays[13] Cost and Expenses - Employee costs increased by approximately 6.7% to RMB 239,662,000, with the employee cost ratio slightly rising to 27.4% from 27.2% in the previous year[22] - Other operating expenses decreased by approximately 3.0% to RMB 236,493,000, despite an increase in the number of stores[25] - Depreciation expenses increased by approximately 6.2% to RMB 166,610,000, driven by the opening of new restaurants[24] - Inventory costs rose by approximately 5.7% to RMB 201,440,000, maintaining a ratio of 23.0% of revenue, indicating effective cost control measures[20] Cash Flow and Liquidity - As of June 30, 2025, the group maintained a strong liquidity position with cash and bank balances of approximately RMB 1,690,084,000, compared to RMB 1,655,833,000 as of December 31, 2024[34] - Net cash inflow from operating activities for the six months ended June 30, 2025, was approximately RMB 194,116,000, while profit before tax was RMB 36,845,000[40] - The company incurred a net cash outflow from investing activities of RMB 66,043,000, a decrease in outflow compared to RMB 353,993,000 in the previous year[59] - Cash and cash equivalents totaled RMB 846,606,000 as of June 30, 2025, compared to RMB 840,960,000 as of December 31, 2024[96] Shareholder Information - The group declared a final dividend of RMB 0.06 per share for 2024, down from RMB 0.08 per share for 2023, resulting in total dividends of RMB 65,492,000 for 2024[80] - The company’s equity attributable to shareholders was RMB 2,863,873 thousand, down from RMB 2,911,271 thousand as of December 31, 2024[56] - The total number of issued and fully paid shares as of June 30, 2025, is 1,091,538,820, with a total share capital of RMB 108,404,000[106] Employee and Management - The total employee compensation for the six months ending June 30, 2025, was approximately RMB 239,662,000, compared to RMB 224,511,000 for the same period in 2024, reflecting an increase of about 6.1%[154] - As of June 30, 2025, the group had 8,055 employees, an increase from 7,790 employees on June 30, 2024, indicating a growth of approximately 3.4% in workforce size[153] - Short-term employee benefits for directors and key management personnel totaled RMB 3,265,000 for the six months ended June 30, 2025, compared to RMB 3,098,000 for the same period in 2024, representing a growth of 5.4%[121] Corporate Governance - The company has complied with all applicable provisions of the Corporate Governance Code, except for a deviation from rule C.2.1, where the roles of Chairman and CEO are not separated[124] - The Audit Committee, consisting of three independent non-executive directors, has reviewed the company's accounting standards and discussed audit, risk management, and internal control matters[127] - The company has established written guidelines for employees regarding insider trading, which are at least as stringent as the standard code[126]

Group 1 - The core viewpoint indicates that despite the ongoing adjustment period in the industry, leading restaurant companies are showing signs of recovery in revenue and net profit [1][3][5] - Among 29 listed restaurant companies, 17 reported year-on-year revenue growth, with Gu Ming leading at a growth rate of 41.26% [3][5] - The overall trend shows an increase in profitable companies, with notable improvements in profitability for several firms [5][6][7] Group 2 - The challenges include a weak consumer environment, policies like alcohol bans, and competition from food delivery services, which necessitate exploration of new growth avenues [2][10][11] - Companies like Da Shi and Wei Qian have shown significant profit increases, with Da Shi's net profit growing by 504.4% year-on-year [6][7] - Some companies, such as Dao Xiang Holdings and Tang Gong China, have transitioned from profit to loss due to various market pressures [10][11] Group 3 - The restaurant industry is experiencing uneven recovery, with some segments like casual dining performing better than traditional high-end dining [11][12] - Fast food brands are generally faring well, with companies like Da Shi and Ba Bi Food achieving revenue and profit growth [12][13] - The trend of closing underperforming stores is evident, as companies aim to enhance operational efficiency [13][22] Group 4 - The shift towards delivery services is becoming increasingly important, with companies like Nai Xue's Tea reporting that nearly half of their revenue comes from delivery [32][36] - Traditional dining establishments are also adapting by exploring delivery options and new business models to remain competitive [39][40] - Many companies are diversifying their offerings by launching sub-brands and entering new markets, such as coffee and light meals [41][44][46]

I. 法定/註冊股本變動 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年8月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 味千(中國)控股有限公司 呈交日期: 2025年9月3日 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00538 | 說明 | 普通股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.1 | HKD | | 1,000,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.1 | HKD | | 1,000,000,000 ...

Core Insights - The company reported a revenue of 875 million RMB for the half-year period ending June 30, 2025, representing a year-on-year growth of 5.9% [2] - The company's net profit attributable to shareholders was 24.23 million RMB, marking a turnaround from a loss to profitability [2] - The basic earnings per share were reported at 0.02 RMB [2]

Core Viewpoint - The company reported a revenue increase of 5.9% year-on-year for the first half of 2025, driven by its store expansion strategy and focus on prime locations [1] Financial Performance - The company achieved a revenue of approximately RMB 875 million in the first half of 2025, reflecting a 5.9% increase compared to the previous year [1] - Gross profit for the same period was around RMB 674 million, also showing a year-on-year increase of approximately 5.9% [1] - The gross margin remained stable at 77.0% for both 2025 and 2024, indicating effective cost management and strong profitability in a competitive market [1] - The profit attributable to shareholders was approximately RMB 24.23 million, a significant turnaround from a loss of about RMB 7.16 million in the same period last year [1] Store Expansion - The number of stores increased from 575 as of June 30, 2024, to 608 as of June 30, 2025, highlighting the company's ongoing commitment to expansion [1] - The company continues to focus on opening new stores in prime locations, which is a key component of its growth strategy [1]

Group 1 - The company reported a revenue of 875 million RMB for the six months ending June 30, 2025, representing a year-on-year increase of 5.9% [1] - The company achieved a net profit attributable to shareholders of 24.232 million RMB, marking a turnaround from a loss in the previous period [1] - The basic earnings per share were reported at 0.02 RMB [1]

味千(中国)(00538)发布截至2025年6月30日止6个月业绩，该集团期内取得营业额8.75亿元人民币，同比 增加5.9%;公司股东应占溢利2423.2万元，同比扭亏为盈;每股基本盈利0.02元。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Ajisen (China) Holdings Limited 味千（中國）控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：538） 二零二五年中期業績摘要 | | | 截至六月三十日止六個月 | | | --- | --- | --- | --- | | | 二零二五年 | 二零二四年 | 變動 | | | （人民幣千元） | （人民幣千元） | | | 營業額 | 875,336 | 826,790 | +5.9% | | 餐廳業務銷售 | 849,095 | 792,194 | +7.2% | | 毛利 | 673,896 | 636,261 | +5.9% | | 經營溢利 | 31,131 | 11,121 | +180.0% | | 除稅前溢利（虧損） | 36,845 | (15,566) | 不適用 | | 本公司股東應佔溢利（虧損） | 24,232 | (7,157) | ...