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12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: 翠華控股有限公司 呈交日期: 2026年1月6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) | 01314 | 說明 | | | | | | | | | | 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 | | 0.01 HKD | | 100,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 HKD | | 100,000,000 | 本月底法定/註冊股本總額： HKD 100,0 ...

Core Viewpoint - Mannings, a drugstore chain, announced the closure of all its offline stores and online mall in mainland China, with the last operating day for physical stores set for January 15, 2026, and the online store ceasing operations on December 28, 2025 [1][3]. Group 1: Company Performance - Mannings entered the mainland China market in 2004 and has over 120 stores in the region, but has struggled to replicate its successful business model from Hong Kong due to regulatory constraints and market differences [3][12]. - The company’s brand image in mainland China is unclear, lacking the professional authority of a pharmacy and the trendy appeal of a modern retail store [3][12]. - Other Hong Kong brands, such as Sa Sa International, have also exited the mainland market, while Watsons continues to explore options despite a 3% revenue decline and a 53% drop in profit in the first half of the year [3][5]. Group 2: Market Environment - The retail landscape in mainland China has shifted dramatically, with local brands rising and e-commerce platforms like Alibaba and JD.com changing consumer shopping habits [12]. - Traditional Hong Kong retail brands, including Mannings, have struggled to adapt to the competitive environment, often relying on outdated operational models that do not resonate with local consumers [12]. - High operational costs, including rent and labor, have further pressured profit margins for these brands, as they often choose locations in prime areas with high rental costs [12]. Group 3: Industry Trends - The trend of closing physical stores is not isolated to Mannings; other brands like AEON and Taste are also reducing their presence in mainland China due to declining performance [6][12]. - The overall market for Hong Kong retail brands is challenging, with many facing significant revenue declines and increased competition from local and online retailers [10][12]. - Experts suggest that for Hong Kong retail brands to succeed in mainland China, they need to adopt strategies such as developing O2O models, optimizing product offerings, and focusing on core urban areas [12].

目錄 本中期報告以環保紙張印刷 2 公司資料 3 財務摘要 4 主席報告 6 管理層討論及分析 13 綜合損益表 14 綜合全面收益表 15 綜合財務狀況表 17 綜合權益變動表 18 綜合現金流量表 19 中期財務報表附註 27 企業管治及其他資料 公司資料 董事局 執行董事 李遠康先生 （主席） 李堃綸先生 （集團行政總裁） 李易舫女士 非執行董事 鄭仲勳先生 黃志堅先生 李遠康先生 郭兆文先生 董事委員會 審核委員會 蘇智文先生 （主席） 黃志堅先生 蔡嘉祐女士* 薪酬委員會 鄧文慈先生 （主席） 李遠康先生 蘇智文先生 提名委員會 獨立非執行董事 鄧文慈先生 蘇智文先生 蔡嘉祐女士* 授權代表 李遠康先生 （主席） 鄧文慈先生 蘇智文先生 蔡嘉祐女士* 公司秘書 郭兆文先生 法律顧問 有關香港法律 程彥棋律師樓 公司網址 www.tsuiwah.com * 於2025年6月28日獲委任 獨立核數師 畢馬威會計師事務所 執業會計師 於香港法例第588章會計及財務匯報局條例下的 註冊公眾利益實體核數師 主要往來銀行 渣打銀行（香港）有限公司 華僑銀行（香港）有限公司 恒生銀行有限公司 上市資料 註冊辦事處 ...

日前，香港连锁餐厅翠华控股（01314.HK）公布了2026财年中期业绩，在收益微增的情况下，股东应占溢利同比下滑约四分之一，延续了上一财年净利润 大幅下跌的趋势。 具体来看，截至2025年9月30日的六个月内，翠华控股收益达到4.57亿港元，较去年同期增长1.9%；但公司拥有人应占溢利仅为490.3万港元，相比去年同期 减少23.7%；每股基本盈利为0.37港仙。 | 財務 摘要 | | | | | --- | --- | --- | --- | | | | 截至9月30日止六個月 變動百分比 | | | | 2025年 | 2024年 | | | | (未經審核) | (未經審核) | | | | 千港元 | 千港元 | | | 收益 | 456,712 | 448.320 | 1.9% | | 香港 | 274,071 | 241.856 | 13.3% | | 中國内地 | 171,159 | 195.861 | (12.6%) | | 其他* | 11.482 | 10.603 | 8.3% | | 除利息、税項、折舊和 | | | | | 攤 銷 前 盈利(EBITDA)^ | 73.722 | ...

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11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: 翠華控股有限公司 呈交日期: 2025年12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) | 01314 | 說明 | | | | | | | | | | | 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 | | 0.01 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | 0 | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | ...

Core Viewpoint - Tsui Wah Holdings (01314) reported a revenue of HKD 457 million for the six months ending September 30, 2025, representing a year-on-year increase of 1.9%. However, the profit attributable to shareholders decreased by 23.7% to HKD 4.903 million, with basic earnings per share at HKD 0.37 [1] Financial Performance - Revenue for the period was HKD 457 million, showing a growth of 1.9% compared to the previous year [1] - Profit attributable to shareholders was HKD 4.903 million, a decline of 23.7% year-on-year [1] - Basic earnings per share stood at HKD 0.37 [1] Cost Factors - The decrease in profit was primarily attributed to increased sales and distribution expenses related to the growth in orders from online food delivery platforms [1] - Financing costs and depreciation of right-of-use assets increased following the renewal of several lease agreements [1] - Property rental and related expenses rose, partly due to more leases being classified as right-of-use assets [1]

Core Viewpoint - Chui Wah Holdings (01314) reported a revenue of HKD 457 million for the six months ending September 30, 2025, representing a year-on-year increase of 1.9%. However, the profit attributable to shareholders decreased by 23.7% to HKD 4.903 million, with basic earnings per share at HKD 0.37 [1] Financial Performance - Revenue for the period was HKD 457 million, showing a growth of 1.9% compared to the previous year [1] - Profit attributable to shareholders was HKD 4.903 million, a decline of 23.7% year-on-year [1] - Basic earnings per share stood at HKD 0.37 [1] Cost Factors - The decrease in profit was primarily due to increased sales and distribution expenses related to the growth in orders from online food delivery platforms [1] - Financing costs and depreciation of right-of-use assets increased following the renewal of several lease agreements [1] - Property rental and related expenses rose, partly due to more leases being classified as right-of-use assets and receiving rent concessions [1]

于2025年9月30日，集团于香港、澳门、中国内地及新加坡经营合共70间餐厅。于回顾期间，集团录得 收入约4.57亿港元，较2024年9月30日增加约1.9%，公司拥有人应占溢利约为490万港元。 格隆汇11月26日丨翠华控股(01314.HK)公布截至2025年9月30日止六个月的中期业绩。于回顾期间，集 团在香港、中国内地、澳门及新加坡的业务表现各异。尽管澳门及新加坡继续表现稳定，但经济疲弱已 对集团在香港及中国内地的业务造成影响。有见及此，集团已采取策略性措施及审慎做法，以减轻经济 不景所带来的不利影响。集团对其安全策略将可在此挑战重重的经济环境下持续推行仍充满信心。 ...

Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 456.7 million, an increase of 1.9% compared to HKD 448.3 million for the same period in 2024[3] - EBITDA for the period was HKD 73.7 million, reflecting a growth of 5.8% from HKD 69.7 million in the previous year[3] - The net profit attributable to shareholders decreased by 23.7% to HKD 4.9 million, down from HKD 6.4 million in the prior period[3] - Basic earnings per share were HKD 0.37, a decline of 21.3% compared to HKD 0.47 in the same period last year[3] - The total comprehensive income for the period was HKD 3,019,000, down from HKD 6,106,000, indicating a decrease of approximately 50.5%[8] - The company's profit attributable to shareholders for the review period was approximately HKD 4,900,000, a decrease from HKD 6,400,000 in the previous period, primarily due to increased sales and distribution expenses related to online food delivery platforms[70] Revenue Breakdown - Revenue from Hong Kong increased by 13.3% to HKD 274.1 million, while revenue from mainland China decreased by 12.6% to HKD 171.2 million[3] - Restaurant operation revenue amounted to HKD 442,968,000 for the six months ended September 30, 2025, compared to HKD 436,436,000 in the previous year, indicating a growth of about 1.2%[21] - Revenue from food sales reached HKD 13,744,000 for the six months ended September 30, 2025, up from HKD 11,884,000 in 2024, marking an increase of approximately 15.6%[21] - Revenue from external customers in Hong Kong was HKD 274,071,000 for the six months ended September 30, 2025, compared to HKD 241,856,000 in 2024, showing a growth of around 13.3%[17] - Revenue from external customers in Mainland China was HKD 171,159,000 for the six months ended September 30, 2025, down from HKD 195,861,000 in 2024, reflecting a decline of approximately 12.6%[17] Operational Metrics - The total number of restaurants operated as of September 30, 2025, was 70, compared to 69 as of March 31, 2025[3] - The number of restaurants in Hong Kong remained stable at 28, while mainland China maintained 32 locations[3] - The group operates a total of 70 restaurants across Hong Kong, Macau, mainland China, and Singapore as of September 30, 2025[52] - The group has closed 3 restaurants in Hong Kong and 2 in mainland China during the review period, while opening 2 in mainland China and 1 in Macau[53] Cost and Expenses - The cost of goods sold was HKD 116,095,000, slightly higher than HKD 115,602,000 in the previous year, indicating a marginal increase of 0.4%[6] - Employee costs amounted to HKD 152,728,000, consistent with HKD 152,641,000 from the previous year, showing stability in labor expenses[6] - The company's operating expenses totaled HKD 56,166,000, a decrease from HKD 62,621,000 in the previous year, reflecting a reduction of about 10.4%[6] - Other income decreased to HKD 6,039,000 from HKD 8,047,000, a decline of about 25%[6] Assets and Liabilities - As of September 30, 2025, total non-current assets amounted to HKD 637,323,000, an increase from HKD 606,662,000 as of March 31, 2025, representing a growth of approximately 5.5%[9] - Current assets totaled HKD 217,394,000, slightly down from HKD 221,251,000 in the previous period, indicating a decrease of about 1.6%[10] - Total liabilities for the company were HKD 214,952,000, which is an increase from HKD 211,079,000, reflecting a rise of approximately 1.4%[10] - Total equity attributable to shareholders was HKD 443,871,000, up from HKD 440,715,000, showing a modest increase of about 0.5%[10] Strategic Initiatives - The company has plans for market expansion and new product development, although specific details were not disclosed in the earnings call[5] - The company continues to focus on enhancing operational efficiency and exploring strategic partnerships to drive growth[5] - The group has implemented strategic adjustments to expand its customer base and reshape its brand in response to the local market's weakness[53] - The group is strategically expanding its restaurant portfolio to capture emerging market opportunities, particularly among younger consumers[47] Governance and Compliance - The financial results have been reviewed by the Audit Committee but remain unaudited[5] - The financial statements have been prepared in accordance with the Hong Kong Financial Reporting Standards, ensuring consistency with the accounting policies adopted in the audited financial statements for the year ending March 31, 2025[13] - The group has applied the revised Hong Kong Financial Reporting Standards during the interim period, which did not have a significant impact on the financial position and performance[14] - The company will continue to enhance its corporate governance practices to ensure compliance with the corporate governance code[88]

Core Viewpoint - The company, Tsui Wah Holdings (01314.HK), has announced a board meeting scheduled for November 26, 2025, to consider and approve the unaudited consolidated financial results for the six months ending September 30, 2025, and to discuss the potential declaration of an interim dividend, if applicable [1] Group 1 - The board meeting is set for November 26, 2025 [1] - The meeting will focus on the unaudited financial performance for the six months ending September 30, 2025 [1] - The company will also consider the declaration of an interim dividend during the meeting [1]