Financial Performance - The total revenue recorded for the year ended December 31, 2021, was RMB 1,361.3 million, representing a year-on-year increase of 23.2%[17] - The Group recorded total revenue of RMB1,361.3 million for the year ended December 31, 2021, representing an increase of 23.2% compared to RMB1,105.1 million in 2020[66] - The Group's profit attributable to owners for the year was approximately RMB40.6 million, significantly up from RMB4.4 million in 2020[99] - The Group's overall revenue increased by 23.2% to RMB1,361.3 million, while the gross profit margin rose to 62.2% from 61.8% in 2020[96] - Income tax expense for the Year was RMB27.6 million, up from RMB15.4 million in 2020[99] - The average spending per customer for Tang Palace was RMB199.7, contributing 79.5% to the Group's revenue[96] - The Group's income tax expense for the year was RMB27.6 million, compared to RMB15.4 million in the previous year[103] Market and Business Strategy - The company aims to seize opportunities in the recovering dining market by refining its operation system and employee training[16] - The company has been actively exploring new retail possibilities to enhance its market presence[16] - The Group plans to explore second-tier cities such as Chongqing, Nanjing, and Wuhan due to market saturation in major cities, focusing on brand symbiosis to create synergy in R&D costs and resource promotion[27] - The Group's marketing strategy includes leveraging public platforms to increase brand awareness and market share while actively developing private platforms[22] - The Group aims to enhance internal competitiveness through team building and system upgrades, preparing for development over the next 10 years[27] - The Group aims to expand its market presence through strategic partnerships and investments in related sectors[145] Membership and Customer Engagement - The number of electronic members reached over 700,000, contributing to a positive market outlook[18] - The electronic membership system was fully updated in September 2021, with over 700,000 members currently, indicating a strong market outlook[22] - The number of members in the upgraded digital membership system exceeded 700,000 as of December 31, 2021, representing an increase of over two times compared to the same period in 2020[78] - The Group's membership consumption percentage in each region has been gradually rising, indicating increased customer loyalty and engagement[78] - The takeaway business model was reconstructed to include a self-operated mini-program, enhancing customer loyalty and reducing platform commission costs[73] Product and Service Innovation - The company upgraded its electronic membership system in September 2021, allowing members to place orders directly to nearby branches[18] - The company has been innovating its brands to provide diverse dining experiences[16] - In 2021, the Group launched a green new diet menu in collaboration with Green Monday, promoting healthy, low-carbon, and environmentally friendly dishes[33] - The Group launched its own mini-program live streaming to promote seasonal products and meal packages, enhancing online marketing and customer interaction[69] - The introduction of a "green menu" featuring plant-based options aligns with increasing consumer focus on health and environmental protection[88] - The Group introduced personalized services for family celebrations and small banquets in response to reduced banquet consumption due to the Pandemic[69] Corporate Culture and Social Responsibility - The Group emphasizes a corporate culture that focuses on employee happiness and aims to create a global centennial brand of happiness[41] - The Group's commitment to social responsibility includes participation in charity events and collaborations with various charity groups to help those in need[38] - The Group's corporate mission is to bring humanistic care to customers, aligning with its values of safety, kindness, consideration, and contribution[41] - The Group aims to create a global centennial brand of happiness, emphasizing its commitment to partners, customers, and society[47] Operational Challenges and Adaptations - The company is preparing for its 30th anniversary while navigating the challenges of a normalized pandemic[15] - The pandemic has accelerated the growth of online retailing, positively impacting sales in the food and beverage market[62] - The Group's operations in Hong Kong were significantly impacted by the pandemic in the first half of 2021, but revenue increased in the second half due to government consumption vouchers[66] - The overall resilience of Chinese food and beverage enterprises has improved, despite the ongoing challenges posed by the pandemic[62] Leadership and Governance - Ms. Weng has been the CEO since March 2000 and was appointed chairman on July 1, 2020, contributing significantly to corporate operations and business development[126] - The Group's overall corporate strategy development is overseen by Mr. Chen Zhi Xiong, who has been with the Group since May 2000 and became CEO in July 2020[144] - The Group's directors have extensive experience in the restaurant industry, contributing to its strategic direction and operational management[144][145] - The Group's independent non-executive directors bring diverse legal and financial expertise, contributing to governance and compliance[149][152] - The Company has complied with all corporate governance code provisions throughout the year, ensuring high standards of corporate governance practices[184] Financial Position and Assets - Cash and cash equivalents increased by RMB1.0 million from RMB402.0 million as at 31 December 2020 to RMB403.0 million as at 31 December 2021[100] - Net cash generated from operating activities was RMB177.3 million during the year, while net cash used in investing activities amounted to RMB17.4 million[101] - The Group's total assets as at 31 December 2021 were RMB1,034.0 million, down from RMB1,064.5 million as at 31 December 2020[108] - The Group's bank borrowings decreased to RMB52.2 million as at 31 December 2021 from RMB74.8 million as at 31 December 2020, resulting in a gearing ratio of 12.5%[108] - The current ratio as at 31 December 2021 was 1.3, unchanged from the previous year[108] Employee and Human Resources - As at 31 December 2021, the Group had around 3,800 employees, consistent with the previous year[112] - The Group aims to enhance employee satisfaction through four major systems: Caring, Connecting, Encouraging, and Growing[92] - The Group's human resources strategy and talent development are managed by Ms. Wang, who has been with the Group since 2008[171]

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) f Stock Code 股份代號：1181 Hong Kong TANG PALACE FOOD & BEVERAGE GROUP Tang Palace � TERIM REP CONTENTS 目錄 Condensed Consolidated Interim Financial Statements 簡明綜合中期財務報表 2 Corporate Information 公司資料 4 Management Discussion and Analysis 管理層討論及分析 11 Other Information 其他資料 23 Condensed Consolidated Statement of Profit or Loss 簡明綜合損益表 24 Condensed Consolidated Statement of Comprehensive I ...

Tang Palace HONG KONG 香 TANG PALACE 建 FOOD & BEVERAGE # GROUP # 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 ANNUAL REPORT 2020 | --- | --- | --- | |--------------|------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------| | | | | | 56 87 | Directors' Report Independent Auditor's R ...

Tang Palace Hong Kong 香 Tang Palace 建 FOOD & BEVERAGE g GROUP # 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 中期報告 INTERIM REPORT 2020 CONTENTS 目錄 2 Corporate Information | --- | --- | --- | |-------|----------------------------------------------------------|----------------------| | | | | | | | 公司資料 | | 4 | Management Discussion and Analysis | 管理層討論及分析 | | 13 | Other Information | 其他資料 | | | Condensed C ...

ANNUAL REPORT 年報 唐宮(中國)控股有限公司 | --- | --- | --- | |---------------------------------------------------------------------------------------------------------------------|-------|-----------------------------------| | | | | | (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 | | | | | | | | | | | | Be Converging B and Cool Comments | | | | | | Tang Palace HONG KONG TANG PALACE | | | | FOOD & BEVERAGE a GROUP 飲 | | --- | --- | --- | --- | |-------|--------------- ...

INTERIM REPORT 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 | | | | | | | | | 00000000000 | | | | Tang Palace HONG KONG A TANG PALACE #FOOD & BEVERAGE @ GROUP 飲 | ooooo CONTENTS 目錄 | --- | -- ...

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 ? TANG PALACE 唐 FOOD & BEVERAGE GROUP 飲 IUAL REPC ni CONTENTS 目錄 | --- | --- | --- | |-------|------------------------------------------------|------------------------| | 2 | Corporate Information | 公司資料 | | 5 | Calendar | 日誌 | | 6 | Chairman's Statement | 主席報告 | | 10 | Management Discussion and Analysis | 管理層討論及分析 | | 22 | Biographies of ...