Revenue and Profit Performance - Revenue for the period was RMB527.3 million, a decrease of 10.4% compared to the same period in 2023[9] - Revenue for the six months ended 30 June 2024 decreased to RMB 527,309 thousand, down 10.4% from RMB 588,305 thousand in the same period last year[68] - Profit before tax for the period dropped significantly to RMB 8,878 thousand, compared to RMB 45,871 thousand in 2023, a decrease of 80.6%[68] - Net profit attributable to owners of the company fell sharply to RMB 3,379 thousand, down 91.9% from RMB 41,564 thousand in the previous year[68] - Basic and diluted earnings per share decreased to RMB 0.31 cents, compared to RMB 3.86 cents in 2023[68] - Total comprehensive income for the period was RMB 3,890 thousand, a significant decline from RMB 43,093 thousand in 2023[69] - The Group's overall revenue decreased by 10.4% to approximately RMB527.3 million, with a stable gross profit margin of 66.2% (2023: 66.4%)[18][19] Gross Profit Margin and Cost Management - Gross profit margin remained stable at 66.2% for the period (2023: 66.4%)[9] - The Group faced challenges from high operating costs in the catering market[9] - Staff costs accounted for 40.6% of revenue excluding the share award scheme expense[20][23] - Total staff costs for the six months ended 30 June 2024 were RMB 216,109 thousand, slightly up from RMB 216,004 thousand in the same period in 2023[103] Market and Consumer Trends - National catering revenue in Mainland China increased by 7.9% year-on-year in the first half of 2024, a significant decrease compared to the growth rate of over 21% in the same period in 2023[7] - Mainland China's GDP increased by 5.3% in the first quarter of 2024, but showed a noticeable slowdown in the second quarter[7] - Consumer market in Mainland China was generally weak, with a decline in the number of customers and per capita spending at the Group's restaurants[9] - Business in Hong Kong was affected by customers' outbound travel spending[9] Marketing and Customer Engagement Strategies - The Group implemented marketing strategies including strengthening online platform promotions, enhancing commemorative banquet services, and strengthening members' loyalty[9] - The Group generated over RMB21 million in revenue from live-streaming marketing within a few months, significantly increasing customer traffic and establishing a new marketing model[11][12] - The Group has over 1.4 million members in Mainland China and Hong Kong as of 30 June 2024, with a focus on increasing member-exclusive benefits and promotions to maintain engagement and repurchase intentions[13][15] - The Group collaborated with a media agency in Q2 2024 to operate its own online platform, leveraging KOLs and short videos to boost online sales and attract new customers[11][12] - The Group launched themed marketing campaigns and exclusive packages during major festivals, promoted simultaneously on live-streaming platforms to attract a wide audience[11][12] - The Group adjusted its marketing strategies to consolidate resources for increased online exposure, collaborating with major platforms like Meituan and Dianping[11][12] - The Group focuses on creating memorable experiences through commemorative banquets and themed events, including personalized decorations, host services, and professional photography[13][15] Operational Efficiency and Supply Chain Management - The Group utilized the enterprise resource planning (ERP) system to optimize the supply chain and improve management efficiency[9] - The Group's cash and cash equivalents decreased by approximately RMB5.0 million to RMB316.4 million as of 30 June 2024[22][24] - Net cash generated from operating activities was approximately RMB56.9 million, while net cash used in investing activities was RMB33.8 million[22][24] - Depreciation of right-of-use assets amounted to RMB 27,325,000, slightly higher than the previous period's RMB 25,530,000[73] - Decrease in inventories contributed RMB 55,948,000 to cash flows from operating activities[73] Financial Position and Assets - The Group's total assets were approximately RMB779.0 million, with net current assets of RMB3.5 million and net assets of RMB244.8 million as of 30 June 2024[25][28] - The Group had no bank borrowings, with a gearing ratio of nil and a current ratio of 1.0 as of 30 June 2024[25][26][28] - Non-current assets decreased to RMB 388,327 thousand as of 30 June 2024, down from RMB 415,460 thousand at the end of 2023[70] - Current assets remained relatively stable at RMB 390,651 thousand, compared to RMB 390,277 thousand at the end of 2023[70] - Cash and cash equivalents stood at RMB 316,367 thousand, slightly lower than RMB 321,374 thousand at the end of 2023[70] - Total current liabilities decreased to RMB 387,100 thousand, down from RMB 388,155 thousand at the end of 2023[70] - Net current assets increased to RMB 3,551,000 from RMB 2,122,000, reflecting a 67.3% growth[71] - Total non-current liabilities decreased to RMB 147,037,000 from RMB 176,631,000, a 16.7% reduction[71] - Net assets grew to RMB 244,841,000 from RMB 240,951,000, a 1.6% increase[71] Expansion and Joint Ventures - The Group expanded into different cuisines through joint ventures, including a collaboration with a well-known Beijing cuisine group in Q1 2024, exploring further local and overseas market potential[14][15] - The company had no material acquisitions or disposals of subsidiaries, associated companies, or joint ventures during the period[34] Employee and Shareholder Information - The Group had over 2,700 employees as of 30 June 2024, with competitive remuneration and benefits including share awards and performance-related bonuses[30] - As of June 30, 2024, the company had over 2,700 employees, with competitive compensation including performance-based bonuses and benefits such as mandatory provident fund, insurance plans, and stock awards[35] - The trustee of the Share Award Scheme purchased 5,000,000 shares on the Stock Exchange during the period, with a total consideration of approximately RMB 1.8 million[39] - As of June 30, 2024, the directors and chief executive held significant interests in the company's shares, with Mr. Chan Man Wai holding the largest stake at 33.96%[47][48] - Current Success Investments Limited holds 247,944,000 shares, representing 23.04% of the company's total shares as of 30 June 2024[51] - Best Active Investments Limited holds 352,500,000 shares, representing 32.75% of the company's total shares as of 30 June 2024[51] - Bright Mind Investments Limited holds 105,700,000 shares, representing 9.82% of the company's total shares as of 30 June 2024[51] Share Award Scheme - The Share Award Scheme, adopted on 1 April 2021, has a remaining term of approximately 6 years and 7 months[53] - The maximum number of shares that can be awarded to a selected participant under the Share Award Scheme in any 12-month period is 1% of the issued shares[56] - As of the report date, 97,602,750 shares are available for issue under the Share Award Scheme, representing approximately 9.07% of the total issued shares[56] - The total number of shares available for grant under the Share Award Scheme is 97,602,750 shares, representing approximately 9.07% of the total issued shares as of the report date[58] - During the six months ended 30 June 2024, 5,000,000 shares were vested, with no new shares granted, lapsed, or canceled[61] - The estimated fair value of the awarded shares granted on 4 December 2023 was approximately HK$2,500,000, based on the closing price of HK$0.50 per share at the grant date[63] - The weighted average closing price immediately before the vesting date on 17 April 2024 was HK$0.375[63] Dividends and Financial Commitments - The Board resolved not to declare any interim dividend for the six months ended 30 June 2024, compared to an interim special dividend of HK2.50 cents per share for the same period in 2023[63] - A final dividend of HK1.50 cents per share for the year ended 31 December 2023, equivalent to approximately RMB14,688,000, was approved and distributed in July 2024[63] - The Group's capital commitment was approximately RMB1.4 million as of 30 June 2024, down from RMB5.9 million as of 31 December 2023[31] - The company's capital commitments as of June 30, 2024, were approximately RMB 1.4 million, down from RMB 5.9 million as of December 31, 2023[36] Tax and Compliance - Income tax expense was approximately RMB5.2 million, including withholding tax on dividend income of RMB1.5 million[21][23] - The Group's subsidiaries in Mainland China are subject to income tax at a rate of 25% for both 2024 and 2023[106] - Total tax charge for the period increased to RMB 5,230,000 in 2024 from RMB 3,994,000 in 2023, reflecting a 30.9% year-over-year increase[107] - The company confirmed compliance with the Corporate Governance Code and the Model Code for Securities Transactions by Directors during the period[40][41] - The audit committee reviewed the company's accounting principles, risk management, internal controls, and financial reporting, including the unaudited interim results[42] Fair Value Measurements - Fair value of unlisted equity investment designated at fair value through other comprehensive income was RMB 24,274,000 as of 30 June 2024[127] - Fair value of financial asset at fair value through profit or loss was RMB 24,409,000 as of 30 June 2024[127] - Fair value of financial asset at fair value through profit or loss decreased from RMB 26,209,000 as of 31 December 2023 to RMB 24,409,000 as of 30 June 2024[128] - Fair value of debt investments at Level 3 decreased from RMB 26,209,000 to RMB 24,409,000 during the period, reflecting a settlement of RMB 1,800,000[130] - No transfers of fair value measurements between Level 1 and Level 2, and no transfers into or out of Level 3 for financial assets and liabilities during the period[131] - The Group had no financial liabilities measured at fair value as of 30 June 2024 and 31 December 2023[132] Segment Reporting and Revenue Breakdown - The Group operates in four reportable segments: Northern, Eastern, Southern, and Western regions of China[82] - No single customer contributed more than 10% of the Group's total revenue during the period[84] - Revenue from external customers for the six months ended 30 June 2024 was RMB 527,309 thousand, a decrease from RMB 588,305 thousand in the same period in 2023[93] - Inter-segment sales for the six months ended 30 June 2024 were RMB 37,418 thousand, compared to RMB 32,016 thousand in the same period in 2023[93] - Total revenue from contracts with customers for the six months ended 30 June 2024 was RMB 527,309 thousand, down from RMB 588,305 thousand in the same period in 2023[93] - Revenue recognized from contract liabilities at the beginning of the reporting period for restaurant operations was RMB 149,419 thousand in 2024, slightly up from RMB 149,300 thousand in 2023[94] Other Financial Metrics - Other income for the six months ended 30 June 2024 was RMB 11,799 thousand, a decrease from RMB 16,946 thousand in the same period in 2023[97] - Depreciation of property, plant, and equipment for the six months ended 30 June 2024 was RMB 17,357 thousand, down from RMB 18,019 thousand in the same period in 2023[103] - Advertisement and promotion expenses for the six months ended 30 June 2024 were RMB 9,304 thousand, up from RMB 7,787 thousand in the same period in 2023[103] - Trade receivables decreased to RMB 8,412,000 as of 30 June 2024 from RMB 13,270,000 as of 31 December 2023, a reduction of 36.6%[116][118] - Prepayments and deposits classified as non-current assets decreased to RMB 28,290,000 as of 30 June 2024 from RMB 41,400,000 as of 31 December 2023, a decline of 31.7%[116] - Trade payables decreased to RMB 42,365,000 as of 30 June 2024 from RMB 52,255,000 as of 31 December 2023, a reduction of 18.9%[119][120] - Contract liabilities remained relatively stable at RMB 232,858,000 as of 30 June 2024 compared to RMB 236,251,000 as of 31 December 2023, a slight decrease of 1.4%[119] - Rental payments to related parties decreased to RMB 364,000 in 2024 from RMB 546,000 in 2023, a reduction of 33.3%[121] - Rental waivers from Dongguan Well Excellent Hotel Management Services Co., Ltd. amounted to RMB 182,000[122][123] - Rental waivers from Meco Group Company Limited amounted to RMB 220,000[122][123] Cash Flow and Investment Activities - Cash flows from operating activities generated RMB 56,981,000, a decrease from RMB 101,732,000 in the previous period[73] - Interest paid decreased to RMB 5,503,000 from RMB 5,485,000[73] - Income taxes paid were RMB 3,754,000, slightly higher than the previous period's RMB 3,324,000[73] - Net cash flows from investing activities decreased to RMB -33,798 thousand in H1 2024, compared to RMB 70,135 thousand in H1 2023[74] - Net cash flows used in financing activities were RMB -28,121 thousand in H1 2024, an improvement from RMB -50,618 thousand in H1 2023[74] - Cash and cash equivalents at the end of the period stood at RMB 316,367 thousand, down from RMB 377,383 thousand at the end of H1 2023[74] - Interest received from investing activities was RMB 3,015 thousand in H1 2024, up from RMB 2,740 thousand in H1 2023[74] - Purchases of property, plant, and equipment amounted to RMB -23,975 thousand in H1 2024, compared to RMB -3,287 thousand in H1 2023[74] - Cash and bank balances at the end of the period were RMB 144,797 thousand, down from RMB 190,831 thousand in H1 2023[74] Corporate Governance and Compliance - The company confirmed compliance with the Corporate Governance Code and the Model Code for Securities Transactions by Directors during the period[40][41] - The audit committee reviewed the company's accounting principles, risk management, internal controls, and financial reporting, including the unaudited interim results[42] - The company did not have any material contingent liabilities or pledged assets as of June 30, 2024[37] - The Group adopted revised HKFRS 16 and HKAS 1 standards, with no material impact on financial positions or performance[80]

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。 （於開曼群島註冊成立的有限公司） （股份代號：1181） 截至二零二四年六月三十日止六個月 中期業績公告 唐宮（中國）控股有限公司（「本公司」）董事會（「董事會」）謹此宣佈本公司及其附屬公司 （統稱「本集團╱集團」）截至二零二四年六月三十日止六個月（「本期間」╱「期內」）的未經 審核簡明綜合中期業績，連同截至二零二三年六月三十日止六個月的比較數字，並載述 如下： | --- | --- | --- | --- | |-----------------------------------------------------|-------------------------|-------------------|---------------| | | | | | | 摘要 | 截至六月三十日 止六個月 | | 變更 | | （人民幣千元） | 二零二四年 | 二零二三年 | 百分比 | | 收益 毛利 ...

翁培禾女士（主席） Mr. YIP Shu Ming 4/4 1/1 葉樹明先生 Mr. CHAN Man Wai 4/4 1/1 陳文偉先生 Mr. KU Hok Chiu 4/4 1/1 古學超先生 Mr. CHEN Zhi Xiong (Chief Executive Officer) 4/4 1/1 陳志雄先生（行政總裁) Mr. WONG Chung Yeung (Chief Financial Officer and Company Secretary) 4/4 1/1 黃忠揚先生（首席財務官兼公司秘書） Independent non-executive directors 執行董事 葉樹明先生，68歲，本集團創始人之一，於 一九九二年七月加入本集團。葉先生自二零 一一年三月二十五日起獲委任為本公司執行 董事，並曾任本集團主席直至二零二零年六 月。葉先生負責本集團的整體企業策略發展 並為本集團若干附屬公司之董事並擔任上市 公司旗下附屬公司「香港唐宮飲食集團有限 公司」董事長一職。葉先生於餐廳業務方面 擁有豐富經驗。葉先生為深圳市僑商國際聯 合會創會名譽會長。葉先生為香港餐飲聯業 協會有限公司榮譽 ...

唐宮（中國）控股有限公司（「本公司」）董事會（「董事會」）謹此宣佈本公司及其附屬公司 （統稱「集團」或「本集團」）截至二零二三年十二月三十一日止年度（「本年度」）的綜合業 績，連同截至二零二二年十二月三十一日止年度的比較數字，並載述如下： | --- | --- | --- | --- | |-----------------------------------------------|-------|------------|------------| | | | 二零二三年 | 二零二二年 | | | 附註 | 人民幣千元 | 人民幣千元 | | 收益 | 3 | 1,122,911 | 941,964 | | 其他收入 | 3 | 33,167 | 34,707 | | 已耗存貨成本 | | (378,692) | (368,472) | | 員工成本 | | (437,306) | (418,053) | | 物業、廠房及設備項目折舊 | | (33,862) | (44,989) | | 使用權資產折舊 | | (52,231) | (66,427) | | 公共設施開支及消耗品 | | (55,7 ...

於本期間，所得稅開支約為人民幣4.0百萬 元，其中包括股息收入的預扣稅款約人民幣 1.2百萬元及遞延稅項收入約人民幣0.3百萬 元。 現金流 於本期間，經營活動產生約人民幣101.7百 萬元現金淨額。於本期間，投資活動所得現 金淨額約為人民幣70.1百萬元，當中包括購 置物業、廠房及設備現金流出約人民幣3.3 百萬元及減少抵押定期存款約人民幣70.7百 萬元。本期間融資活動所用現金淨額約為人 民幣50.6百萬元。 Liquidity and Financial Resources Foreign Currency Exposure 流動資金及財務資源 於二零二三年六月三十日，流動比率（以流 動資產除以流動負債計算）為1.1（二零二二 年十二月三十一日：1.0）。 本集團附屬公司主要於中國內地經營業務， 其收入及開支主要以人民幣列值。本集團之 現金及銀行結餘大部分以人民幣列值，部分 則以港元列值。由於人民幣為本集團之功能 貨幣，港元兌人民幣的匯率若出現大幅波 動，可能會對本集團構成財務影響。 於本期間，本集團並無採用任何金融工具作 對沖用途。本集團繼續管理及監察該等風險 以確保及時和有效實施適當之措施。 As ...

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。 （於開曼群島註冊成立的有限公司） （股份代號：1181） 截至二零二三年六月三十日止六個月 中期業績公告 唐宮（中國）控股有限公司（「本公司」）董事會（「董事會」）謹此宣佈本公司及其附屬公司 （統稱「本集團╱集團」）截至二零二三年六月三十日止六個月（「本期間」╱「期內」）的未經 審核簡明綜合中期業績，連同截至二零二二年六月三十日止六個月的比較數字，並載述 如下： 摘要 截至六月三十日 止六個月 變更 二零二三年 二零二二年 百分比 收益（人民幣千元） 588,305 444,417 32.4% 毛利（人民幣千元）(1) 390,443 265,996 46.8% ...

Hong Kong香 港 Tang Palace 唐 Food & Beverage宮 Group飲 食 集 團 ...

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。 （於開曼群島註冊成立的有限公司） （股份代號：1181） 截至二零二二年十二月三十一日止 年度的年度業績公告 唐宮（中國）控股有限公司（「本公司」）董事會（「董事會」）謹此宣佈本公司及其附屬公司 （統稱「集團」或「本集團」）截至二零二二年十二月三十一日止年度（「本年度」）的綜合業 績，連同截至二零二一年十二月三十一日止年度的比較數字，並載述如下： 摘要 截至十二月三十一日 止年度 變動百分比 二零二二年 二零二一年 % 收益（人民幣千元） 941,964 1,361,296 (30.8%) 毛利（人民幣千元）(1) 573,492 846,829 (32.3%) 毛利率 60.9% 62.2% (1.3%) 本公司擁有人應佔年內（虧損）╱溢利 （人民幣千元） (150,934) 40,570 (472.0%) ...

Tang Palace HONG KONG ? TANG PALACE FOOD & BEVERAGE GROUP 做 Since 1992 傳 遞人情味 INTERIM REPORT 2022 中期報告 唐宮(中國)控股有限公司 TANG PALACE (CHINA) HOLDINGS LIMITED (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立的有限公司) Stock Code 股份代號：1181 CONTENTS 目錄 4 Management Discussion and Analysis 管理層討論及分析 12 Other Information 其他資料 Condensed Consolidated Interim Financial Statements 簡明綜合中期財務報表 22 Condensed Consolidated Statement of Profit or Loss 簡明綜合損益表 23 Condensed Consolidated Statement of Comprehensive ...

唐宮(中國) 控股有限公司 TANG PALACE (CHINA) HOLDINGS LIMITED (Incorporated in the Cayman Islands with limited liability), (於開曼群島註冊成立的有限公司) Stock Code 股份代號：1181 Tang Palace HONG KONG 至 TANG PALACE FOOD & BEVERAGE g GROUP 飲 同站 021 ANNUAL REPORT | --- | --- | --- | --- | --- | --- | --- | |-------|-------|----------|-----------------|------------------------------------------------|------------------------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Contents 目錄 | | | | | | | | | | | ...