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分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 鴻福堂集團控股有限公司 主席及執行董事 謝寶達 （於開曼群島註冊成立的有限公司） （股份代號：1446） 董事會會議日期 鴻福堂集團控股有限公司（「本公司」）董事會（「董事會」）謹此宣佈，本公司將於二 零二五年八月二十八日（星期四）舉行董事會會議，藉以考慮及通過本公司及其附 屬公司截至二零二五年六月三十日止六個月的中期業績、刊發有關業績及派付中 期股息（如有），以及處理其他事項。 代表董事會 HUNG FOOK TONG GROUP HOLDINGS LIMITED 鴻福堂集團控股有限公司 香港，二零二五年八月十八日 於本公告日期，本公司董事會成員包括執行董事謝寶達先生、司徒永富博士及 黃佩珠女士，以及獨立非執行董事冼日明教授、陸東先生及楊主光先生。 ...

FF301 致：香港交易及結算所有限公司 公司名稱: 鴻福堂集團控股有限公司(於開曼群島註冊成立的有限公司) 呈交日期: 2025年8月1日 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7月31日 狀態: 新提交 FF301 III.已發行股份及/或庫存股份變動詳情 | 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) | 01446 | 說明 | 鴻福堂 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | HKD | | 0.01 | HKD | | 10,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 1,000,00 ...

智通财经APP获悉，截止5月12日收盘，有71只股票创52周新高，其中中国投融资(01226)、晋安实业 (02292)、鸿福堂(01446)创高率位于前3位，分别为122.22%、44.44%、40.30%。 52周新高排行 | 股票名称 | 收盘价 | 最高价 | 创高率 | | --- | --- | --- | --- | | 中国投融资(01226) | 1.310 | 4.000 | 122.22% | | 晋安实业(02292) | 0.850 | 1.300 | 44.44% | | 鸿福堂(01446) | 0.470 | 0.470 | 40.30% | | 高雅光学(00907) | 0.310 | 0.335 | 17.54% | | 远大医药(00512) | 8.320 | 8.950 | 16.54% | | 环球信贷集团(01669) | 0.670 | 0.710 | 10.94% | | ＸＬ二南特斯－Ｕ | 14.320 | 14.380 | 10.62% | | (09766) | | | | | 冠轈控股(01872) | 3.430 | 3.620 | 9.37% ...

Sales Performance and Revenue - The company achieved stable sales performance despite a challenging business environment, meeting market expectations[17] - Total revenue decreased by 7.7% to HKD 620.7 million for the year ended December 31, 2024, compared to HKD 672.7 million in 2023[27] - Hong Kong retail revenue fell by 7.2% to HKD 467.3 million, accounting for 75.3% of total revenue[29] - Wholesale revenue declined by 9.2% to HKD 153,400,000, compared to HKD 168,900,000 in 2023, accounting for 24.7% of total revenue[35] - The mainland China wholesale business saw a significant drop of 21.7% in revenue, down to HKD 19,100,000 from HKD 24,400,000 in 2023[38] Membership and Customer Engagement - Membership in the "self-owned CLUB" increased by approximately 100,000, surpassing 1.4 million members by December 31, 2024[19] - The company reported a total of over 1,458,000 members in its "self-owned CLUB" loyalty program as of December 31, 2024, indicating a strong customer retention strategy[95] Product Development and Innovation - The company introduced new products, including a vegetarian option in its postpartum product line and new flavors of herbal tea, contributing to its product diversification[11] - The company plans to expand its product offerings by collaborating with various brands to develop functional beverages and health-focused meals[22] - New product launches included sugar-free beverages and collaborations with major supermarkets to enhance product penetration[37] - The company will continue to focus on health-oriented products, including more sugar-free options and soups, to meet consumer demand[46] Financial Management and Cost Optimization - The company plans to optimize costs and enhance production efficiency, significantly narrowing losses in response to the complex operating environment[19] - The loss attributable to owners narrowed to HKD 13.7 million from a loss of HKD 34.6 million in the previous year[27] - Cash and cash equivalents increased to approximately HKD 110.2 million, up from HKD 88.5 million in 2023[27] - Employee costs for the fiscal year ending December 31, 2024, were HKD 189.7 million, a decrease of 10.6% from HKD 212.2 million in 2023, with employee costs as a percentage of revenue at 30.6%, down from 31.5%[53] - Rental expenses related to retail stores in Hong Kong amounted to HKD 98.7 million, a decrease of 5.7% from HKD 104.7 million in 2023, with rental expenses as a percentage of revenue at 21.1%, compared to 20.8% in 2023[54] Market Expansion and Strategic Initiatives - The company is actively pursuing market expansion in the U.S., U.K., Thailand, Indonesia, and Japan while enhancing brand visibility[22] - The company continues to expand its wholesale business in overseas markets to mitigate the impact of economic fluctuations in mainland China and Hong Kong[98] - The company participated in the 7th China International Import Expo, establishing a strategic cooperation agreement with a subsidiary of Feng's Group[13] Sustainability and Environmental Initiatives - The company reduced carbon emissions by approximately 68 metric tons through the use of 100% rPET recycled bottles in new product launches[11] - The group recycled approximately 316 tons of food waste in 2024, contributing to a reduction of about 163 tons of CO2 equivalent greenhouse gas emissions[68] - The group installed solar panels that generated 174 MWh of renewable energy in its Hong Kong facility and 2,950 MWh in its mainland China facility during the fiscal year[68] - Future guidance indicates a commitment to sustainable practices, with a target of reducing carbon emissions by F% over the next five years[10] Corporate Governance and Management - The board of directors includes Mr. Xie Baoda (Chairman) and Dr. Situ Yongfu (CEO), among others[122] - The company has adopted the corporate governance code as per the listing rules, emphasizing effective internal controls and risk management systems[152] - The board is responsible for establishing strategic goals and ensuring the necessary financial and human resources to achieve business objectives[159] - The company emphasizes transparency and accountability in its corporate governance practices to enhance shareholder value[152] Community Engagement and Social Responsibility - The group sponsored over 13,000 food vouchers, raising over HKD 1 million for charity through its participation in the "折"食日 event, marking 15 consecutive years of support[71] - The group continues to support various community initiatives, including the "無障行者" event to assist individuals with disabilities and long-term illnesses[71] - The company is committed to corporate social responsibility, engaging in various activities that benefit employees, the community, and the environment[101] Employee Development and Well-being - The group conducted nearly 366 hours of training courses with over 1,000 employees participating during the review year[70] - The group emphasizes employee well-being and work-life balance through initiatives like pet care workshops in collaboration with local animal welfare organizations[70] - The company has established a culture of continuous improvement and employee development, evidenced by its extensive training programs and recognition as a "Super人才企業" by the Employee Retraining Board[73]

Revenue Performance - Revenue for the year ended December 31, 2024, was HKD 620.7 million, a decrease of 7.7% from HKD 672.7 million for the year ended December 31, 2023[2] - Total revenue for the year ended December 31, 2024, was HKD 620,732,000, a decrease of 7.7% from HKD 672,729,000 in 2023[21] - Revenue from Hong Kong decreased to HKD 588,217,000 in 2024 from HKD 634,871,000 in 2023, reflecting a decline of approximately 7.3%[18] - Retail business revenue decreased by 7.2% to HKD 467.3 million, with a total of 107 retail stores operating in Hong Kong as of December 31, 2024[2] - Revenue from external customers for the retail segment in Hong Kong was HKD 467,362,000, while the wholesale segment generated HKD 153,370,000 for a total of HKD 620,732,000[15] - The wholesale business revenue fell to HKD 153.4 million, a decline of 9.2% from HKD 168.9 million in 2023[60] - The group's wholesale business in mainland China saw a revenue drop of 21.7% to HKD 19.1 million due to economic slowdown and low consumer confidence[51] Profitability and Loss - Gross profit for 2024 was HKD 369 million, down 6.2% from HKD 393.5 million in 2023, while the gross profit margin increased by 0.9 percentage points to 59.4%[2] - The loss attributable to owners of the company for 2024 was HKD 13.7 million, compared to a loss of HKD 34.6 million in 2023[2] - The basic and diluted loss per share for 2024 was HKD 2.09, an improvement from HKD 5.28 in 2023[4] - The group recorded a loss of HKD 15,810,000 for the year ended December 31, 2024, an improvement from a loss of HKD 42,616,000 in 2023[12] - The company's gross profit was HKD 369 million, a decrease of 6.2% from HKD 393.5 million in 2023, with a gross margin of 59.4%, up from 58.5% in the previous year[62] - The company reported a loss attributable to owners of HKD 13.7 million for the fiscal year, an improvement from a loss of HKD 34.6 million in 2023[66] Assets and Liabilities - Total assets as of December 31, 2024, were HKD 670.2 million, down from HKD 713.8 million in 2023[5] - Total liabilities decreased to HKD 435 million in 2024 from HKD 457.9 million in 2023[6] - Non-current assets decreased to HKD 438.4 million in 2024 from HKD 485.3 million in 2023[5] - Cash and cash equivalents increased to HKD 110.2 million in 2024 from HKD 88.5 million in 2023[5] - The group's total assets as of December 31, 2024, amounted to HKD 670,249,000, a decrease from HKD 713,763,000 as of December 31, 2023[16] - Total assets for the group decreased to HKD 640,176,000 in 2024 from HKD 683,046,000 in 2023, a decrease of 6.3%[20] - As of December 31, 2024, the group's current liabilities exceeded current assets by HKD 128,699,000, compared to HKD 140,956,000 as of December 31, 2023[12] Operational Highlights - The group’s segment performance showed a loss of HKD 18,284,000 before tax for the year ended December 31, 2024, compared to a loss of HKD 44,937,000 in 2023[15] - The Hong Kong retail business turned a profit of HKD 21,600,000 in 2024, compared to a loss of HKD 5,300,000 in 2023[44] - Employee costs were HKD 189.7 million, down 10.6% from HKD 212.2 million in 2023, with the employee cost to revenue ratio at 30.6%, lower than 31.5% in 2023[63] - Rental expenses for Hong Kong retail stores amounted to HKD 98.7 million, a decrease of 5.7% from HKD 104.7 million in 2023, with a rental expense to revenue ratio of 21.1%[64] - The group aims to optimize cost management by negotiating rent reductions and controlling logistics and labor costs[53] Future Outlook and Strategy - The group expects to have sufficient working capital to meet its financial obligations for the next twelve months based on projected cash flows[12] - The group intends to leverage its flexibility and market innovation to explore new revenue sources and regain growth momentum by 2025[53] - The company plans to continue expanding its product offerings and enhancing brand loyalty through exclusive collaborations and new product launches[55] - The group plans to diversify its product offerings, including expanding the market coverage of its ginger vinegar gift cards and introducing new festive products[54] - The group launched two new sugar-free tea products to meet the growing demand for healthy beverages[50] Governance and Compliance - The company has established an audit committee consisting of three independent non-executive directors, with clearly defined powers and responsibilities[81] - The audit committee has reviewed the group's annual performance for the year ending December 31, 2024[82] - The group's auditor, PwC, confirmed that the figures in the preliminary performance announcement are consistent with the audited financial statements for the year ending December 31, 2024[83] - The annual report containing all relevant information as per the listing rules for the year ending December 31, 2024, will be published on the designated websites at an appropriate time[84] - The board confirms compliance with the Corporate Governance Code as per the listing rules for the year ending December 31, 2024[78] - All directors have confirmed adherence to the code of conduct for securities transactions during the year ending December 31, 2024[79]

[Performance Highlights](index=1&type=section&id=Performance%20Highlights) [Financial and Operational Highlights](index=1&type=section&id=Financial%20and%20Operational%20Highlights) Hung Fook Tong Group faced market challenges in H1 2024, with total revenue decreasing by 7.1% to HKD 308 million; despite the revenue decline, effective cost control narrowed the loss attributable to owners of the Company from HKD 9.6 million to HKD 7.9 million, with gross profit margin slightly increasing to 58.9% Key Performance Indicators for H1 2024 | Indicator | H1 2024 | H1 2023 | Y-o-Y Change | | :--- | :--- | :--- | :--- | | Revenue | 308.0 Million HKD | 331.7 Million HKD | -7.1% | | - Hong Kong Retail Business | 236.3 Million HKD | 251.7 Million HKD | -6.1% | | - Wholesale Business | 71.7 Million HKD | 80.0 Million HKD | -10.4% | | Gross Profit | 181.5 Million HKD | 193.9 Million HKD | -6.4% | | Gross Profit Margin | 58.9% | 58.5% | +0.4 pp | | Loss Attributable to Owners of the Company | (7.9) Million HKD | (9.6) Million HKD | Loss narrowed by 17.7% | | Loss Per Share | 1.21 HK cents | 1.47 HK cents | -17.7% | [Condensed Consolidated Interim Financial Statements](index=2&type=section&id=Condensed%20Consolidated%20Interim%20Financial%20Statements) [Statement of Comprehensive Income](index=2&type=section&id=Condensed%20Consolidated%20Interim%20Statement%20of%20Comprehensive%20Income) In H1 2024, the company's revenue was HKD 308 million, a 7.1% year-on-year decrease; despite reductions in selling, administrative, and finance expenses, the loss for the period narrowed to HKD 10.77 million from HKD 13.90 million in the prior year, with loss attributable to owners of the Company at HKD 7.93 million Summary of Condensed Consolidated Interim Statement of Comprehensive Income (HKD Thousand) | Item | H1 2024 (Unaudited) | H1 2023 (Unaudited) | | :--- | :--- | :--- | | Revenue | 308,032 | 331,678 | | Gross Profit | 181,529 | 193,907 | | Operating Loss | (5,896) | (10,580) | | Loss Before Income Tax | (10,827) | (13,745) | | Loss for the Period | (10,765) | (13,904) | | Loss Attributable to Owners of the Company | (7,925) | (9,649) | [Statement of Financial Position](index=4&type=section&id=Condensed%20Consolidated%20Interim%20Statement%20of%20Financial%20Position) As of June 30, 2024, the Group's total assets were HKD 676 million, a 5.3% decrease from end-2023; total liabilities were HKD 435 million, and total equity was HKD 241 million, notably with net current liabilities of HKD 140 million primarily due to HKD 142 million in advances received Summary of Statement of Financial Position (HKD Thousand) | Item | As of June 30, 2024 (Unaudited) | As of December 31, 2023 (Audited) | | :--- | :--- | :--- | | Total Assets | 675,812 | 713,763 | | Total Liabilities | 435,090 | 457,887 | | Total Equity | 240,722 | 255,876 | | Current Assets | 212,713 | 228,439 | | Current Liabilities | 352,562 | 369,395 | | Net Current Liabilities | (139,849) | (140,956) | [Notes to the Financial Statements](index=6&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Interim%20Financial%20Information) [Segment Information](index=8&type=section&id=3%20Segment%20Information) The Group's operations are divided into Hong Kong retail and wholesale segments; Hong Kong retail business, despite revenue decline, saw segment results increase from HKD 3.82 million to HKD 5.34 million, indicating improved profitability, while the wholesale business faced challenges with both revenue and segment results decreasing Summary of Segment Results (HKD Thousand) | Segment | Item | H1 2024 | H1 2023 | | :--- | :--- | :--- | :--- | | **Hong Kong Retail** | Revenue from External Customers | 236,346 | 251,683 | | | Segment Results | 5,339 | 3,824 | | **Wholesale** | Revenue from External Customers | 71,686 | 79,995 | | | Segment Results | 8,780 | 9,444 | [Management Discussion and Analysis](index=15&type=section&id=Management%20Discussion%20and%20Analysis) [Business Review](index=15&type=section&id=Business%20Review) In H1 2024, the Group faced a challenging operating environment due to a sluggish Hong Kong economy, high interest rates, and cross-border consumption trends, leading to a 7.1% decline in total revenue; however, effective cost control and improved production efficiency resulted in a 0.4 percentage point increase in gross profit margin and a 17.9% reduction in loss attributable to owners of the Company, maintaining a solid financial position with ample cash and unutilized bank facilities - The macroeconomic environment poses challenges to the retail sector, particularly outbound travel and residents' cross-border consumption trends, which pressure the Group's catering business[28](index=28&type=chunk) - Despite the revenue decline, the Group successfully narrowed the loss attributable to owners of the Company by **17.9%** to **HKD 7.9 million** through cost control and enhanced production efficiency[28](index=28&type=chunk) [Hong Kong Retail Business](index=15&type=section&id=Hong%20Kong%20Retail) As the primary revenue source, Hong Kong retail business revenue fell 6.1% year-on-year to HKD 236 million, accounting for 76.7% of total revenue, mainly due to Hong Kong residents' cross-border consumption and incomplete recovery of inbound tourism; despite this, segment profit grew 39.6% to HKD 5.3 million, driven by improved gross profit margin and reduced administrative expenses, with the Group optimizing product mix, expanding sales networks, and enhancing member engagement (over 1.398 million 自家CLUB members) to address challenges Hong Kong Retail Business Performance | Indicator | H1 2024 | H1 2023 | Y-o-Y Change | | :--- | :--- | :--- | :--- | | Segment Revenue | 236.3 Million HKD | 251.7 Million HKD | -6.1% | | Segment Profit | 5.3 Million HKD | 3.8 Million HKD | +39.6% | - As of June 30, 2024, the Group operated **108 self-operated stores** in Hong Kong and actively enhanced customer loyalty and expanded customer base through social media platforms (Xiaohongshu, Douyin) and membership programs (自家CLUB members exceeding **1,398,000**)[29](index=29&type=chunk)[30](index=30&type=chunk) [Wholesale Business](index=16&type=section&id=Wholesale) Wholesale business revenue decreased by 10.4% to HKD 71.7 million, and segment profit fell by 7.0% to HKD 8.8 million, primarily reflecting the continued sluggish consumer sentiment in Hong Kong and mainland China; Hong Kong wholesale revenue declined by 7.6%, while mainland China wholesale business revenue dropped by 24.1% due to uncertain economic outlook and intense competition, with the Group responding by launching new products and expanding online and offline sales network coverage Wholesale Business Performance | Indicator | H1 2024 | H1 2023 | Y-o-Y Change | | :--- | :--- | :--- | :--- | | Segment Revenue | 71.7 Million HKD | 80.0 Million HKD | -10.4% | | Segment Profit | 8.8 Million HKD | 9.4 Million HKD | -7.0% | - By region, Hong Kong wholesale revenue decreased by **7.6%** to **HKD 61.5 million**, and mainland China wholesale revenue decreased by **24.1%** to **HKD 10.2 million**[32](index=32&type=chunk)[33](index=33&type=chunk) [Outlook](index=17&type=section&id=Outlook) For H2 2024, the Group anticipates continued challenging operating environments in Hong Kong and mainland China, thus adopting prudent financial management strategies focused on optimizing cost structures and maintaining robust cash flow, while actively exploring new revenue streams, including expanding product categories, broadening sales channels, seeking brand collaborations, and identifying new opportunities in the Greater Bay Area and overseas markets - Key strategies include: - **Prudent Financial Management**: Optimizing cost and capital structures, maintaining robust cash flow - **Revenue Expansion**: Expanding product categories (e.g., postpartum tonics, ambient products), broadening sales channels, seeking brand collaborations - **Market Expansion**: Exploring new opportunities in mainland China (especially the Greater Bay Area) and overseas markets[35](index=35&type=chunk)[36](index=36&type=chunk)[37](index=37&type=chunk) [Financial Review](index=19&type=section&id=Financial%20Review) The period's financial performance reflects macroeconomic challenges and the company's effective cost control; revenue declined by 7.1% due to changing consumption patterns, but a 8.2% decrease in cost of sales improved gross profit margin from 58.5% to 58.9%, while staff costs and depreciation expenses also fell by 10.6% and 10.0% respectively, effectively offsetting some revenue decline and ultimately narrowing the loss attributable to owners of the Company Key Financial Item Changes | Item | H1 2024 | H1 2023 | Y-o-Y Change | Ratio to Revenue (H1 2024 vs H1 2023) | | :--- | :--- | :--- | :--- | :--- | | Revenue | 308 Million HKD | 331.7 Million HKD | -7.1% | N/A | | Gross Profit Margin | 58.9% | 58.5% | +0.4pp | N/A | | Staff Costs | 93.7 Million HKD | 104.8 Million HKD | -10.6% | 30.4% vs 31.6% | | Rental Expenses | 50.8 Million HKD | 51.7 Million HKD | -1.7% | 21.5% vs 20.5% | | Loss Attributable to Owners of the Company | 7.9 Million HKD | 9.6 Million HKD | -17.7% | N/A | [Liquidity and Financial Resources](index=20&type=section&id=Liquidity%20and%20Financial%20Resources%20Review) As of June 30, 2024, the Group held cash and bank balances of HKD 79.4 million with a gearing ratio of 0.70, indicating a sound financial position; despite net current liabilities of HKD 140 million, HKD 142 million of this comprises advances received for prepaid vouchers and points, which are not expected to be settled in cash, resulting in net current assets of HKD 2.2 million if excluded Liquidity and Financial Resources Indicators | Indicator | As of June 30, 2024 | As of December 31, 2023 | | :--- | :--- | :--- | | Bank Deposits and Cash Balances | 79.4 Million HKD | 88.5 Million HKD | | Gearing Ratio | 0.70 | 0.69 | | Net Current Liabilities | (139.8 Million HKD) | (141.0 Million HKD) | - Net current liabilities primarily consist of **HKD 142 million** in advances received from prepaid voucher sales, which are expected to be settled through customer redemption of products rather than cash payments in the normal course of business[49](index=49&type=chunk) [Other Information](index=22&type=section&id=Other%20Information) [Dividend Policy](index=22&type=section&id=Dividend) The Board resolved not to declare any interim dividend for the six months ended June 30, 2024, consistent with the policy for the same period last year - The Board decided not to declare an interim dividend for the six months ended June 30, 2024[52](index=52&type=chunk) [Corporate Governance](index=22&type=section&id=Corporate%20Governance) During the reporting period, the company complied with the Corporate Governance Code set out in the Listing Rules; the company's Audit Committee reviewed the interim financial information, which was also reviewed by external auditor PricewaterhouseCoopers - The Company has complied with the code provisions of the Corporate Governance Code[52](index=52&type=chunk) - The Audit Committee, comprising three independent non-executive directors, has reviewed the interim financial information, and the external auditor has also completed its review[54](index=54&type=chunk)

Business Operations - The company operates 111 self-operated stores in Hong Kong, maintaining its position as the largest herbal product retailer in the region[19] - The company has expanded its wholesale business in mainland China, with products available in over 13,000 convenience stores and various supermarkets across 13 provinces[21] - The company has successfully entered the Mexican market, expanding its overseas wholesale business despite global economic challenges[21] - The company continues to enhance its retail network and innovate to meet the diverse needs of its customers[19] - The company plans to maintain 100 to 110 retail stores in 2024, focusing on cost control and operational efficiency[25] - The company plans to open approximately two new retail stores in 2024 while closing underperforming locations[46] - The company aims to expand its wholesale network in the Guangdong-Hong Kong-Macao Greater Bay Area to enhance brand value[25] - The company continues to expand its overseas wholesale business to mitigate the impacts of fluctuating economic conditions in mainland China and Hong Kong[110] Financial Performance - Total revenue decreased by 2.0% to HKD 672.7 million, down from HKD 686.7 million in the previous year[30] - Gross profit fell by 3.0% to HKD 393.5 million, with a gross margin of 58.5%, down from 59.1%[30] - The Hong Kong retail segment generated revenue of HKD 503.8 million, a decline of 2.6% year-on-year, accounting for 74.9% of total revenue[32] - The company recorded a loss attributable to shareholders of HKD 34.6 million, compared to a profit of HKD 5.3 million in the previous year[30] - Wholesale revenue for the year was HKD 168,900,000, a slight decrease from HKD 169,300,000 in the previous year, accounting for 25.1% of total revenue[37] - Hong Kong wholesale revenue grew by 1.1% to HKD 144,500,000, up from HKD 142,900,000 in the previous year[40] - Revenue from the mainland China wholesale business decreased by 7.7% to HKD 24,400,000, down from HKD 26,400,000 in the previous year[41] - For the fiscal year ending December 31, 2023, the company recorded revenue of HKD 672.7 million, a decrease of 2.0% compared to HKD 686.7 million in 2022[54] - The retail business in Hong Kong generated revenue of HKD 503.8 million, down 2.6% from HKD 517.4 million in 2022[54] Product Development - The company introduced new product lines, including gourmet coffee, vegetarian options, and various baked goods, catering to health-conscious consumers[19] - New product offerings include convenient options for popular items, such as new packaging for ginger vinegar and instant herbal drinks[30] - The company will continue to develop new products targeting the health and wellness market, including food therapy sets for pregnant women and postpartum care[35] - New product launches in 2024 will include festive series and postpartum care products, along with more natural ingredient baked goods[46] - The company is focused on launching more flavors to meet the evolving preferences of high-end consumers in mainland China and Hong Kong[108] - New product development includes the launch of a herbal beverage line, expected to contribute an additional $50 million in revenue[88] Sustainability and Social Responsibility - The company has reduced carbon emissions by approximately 38 tons by using rPET recycled bottles for its iced lemon tea[13] - Despite a challenging business environment, the company remains committed to sustainable development and business growth[19] - The company has eliminated plastic utensils across 111 stores, resulting in a reduction of 39 tons of disposable plastic, a 92% year-on-year decrease[75] - In 2023, the company recycled approximately 960 tons of food waste, equivalent to a reduction of about 205 tons of CO2 emissions[76] - The company generated around 1,368 MWh of renewable energy from solar panels installed on the rooftop of its Kaiping factory in 2023[76] - The company has implemented a member reward program encouraging the use of reusable containers, promoting environmental sustainability[75] - The company donated over 5,600 boxes of emergency supplies to Turkish earthquake victims in February 2023[79] - The company sponsored over 17,000 food vouchers, raising more than HKD 1.1 million for the needy through community initiatives[80] - The company has received multiple awards for its commitment to social responsibility and environmental sustainability, including the "Green Office 5+" label[83] Membership and Customer Engagement - Membership in the "HFT Club" has surpassed 1,300,000, reflecting a significant increase in brand loyalty and new member acquisition[20] - The number of "自家CLUB" members exceeded 1,300,000, with an increase of approximately 99,500 members during the year[36] - The mobile app download increased by 17% year-on-year, with over 40% of members completing transactions through the app[36] - The company is enhancing its digital marketing efforts to encourage app downloads and usage, while offering exclusive discounts to "self-owned CLUB" members[25] - The company is actively promoting its mobile application to enhance customer engagement and encourage electronic transactions[108] - The company promotes the use of its mobile application to enhance shopping convenience for its "self-owned CLUB" members[115] Corporate Governance - The board of directors is committed to maintaining the highest standards of corporate governance to enhance and protect shareholder interests[170] - The company has adopted the corporate governance code as per the listing rules, emphasizing effective internal controls and risk management systems[170] - The board consists of six members, including three executive directors and three independent non-executive directors, ensuring a balanced skill set and experience[176] - The company has established a remuneration committee to formulate the remuneration policy for directors, which must be approved by shareholders[158] - The independent non-executive directors have confirmed compliance with the non-competition agreements during the year ended December 31, 2023[160] - The company has established a code of conduct for directors regarding securities trading, ensuring compliance with relevant regulations[145] Employee Welfare and Training - Employee costs increased by 6.6% to HKD 212.2 million, compared to HKD 199.1 million in 2022, resulting in an employee cost to revenue ratio of 31.5%[59] - The company has conducted over 8,000 hours of training for more than 700 employees, enhancing their skills and sense of belonging[79] - The company has a strong emphasis on employee welfare, training, and development, particularly in the context of ensuring a safe working environment post-COVID-19[114] - Employee training programs have been enhanced, with a budget increase of 20% to improve service quality and operational efficiency[95] Future Outlook - The management anticipates a challenging business environment in 2024 due to high interest rates and geopolitical tensions[45] - The company has set a future outlook with a revenue guidance of $500 million for the next fiscal year, reflecting a 10% growth target[89] - The company is investing in new technology for supply chain optimization, which is expected to reduce costs by 15%[96] - A strategic acquisition of a local competitor is in progress, projected to enhance operational efficiency and increase customer base by 30%[88] - The company has maintained a cautious approach to development while ensuring growth momentum in its retail business[110]

Financial Performance - Revenue for the year ended December 31, 2023, was HKD 672.7 million, a decrease of 2.0% from HKD 686.7 million for the year ended December 31, 2022[4]. - Retail business revenue decreased by 2.6% to HKD 503.8 million, with a total of 111 retail stores operating in Hong Kong as of December 31, 2023[4]. - Gross profit for 2023 was HKD 393.5 million, down 3.0% from HKD 405.6 million in 2022, resulting in a gross margin of 58.5%, a decline of 0.6 percentage points from 59.1%[4]. - The company reported a loss attributable to shareholders of HKD 34.6 million for 2023, compared to a profit of HKD 5.3 million in 2022[4]. - Basic and diluted loss per share for 2023 was HKD 5.28, compared to earnings of HKD 0.80 per share in 2022[6]. - The group recorded a loss of HKD 42,616,000 for the year ended December 31, 2023, compared to a loss of HKD 4,128,000 in 2022[14]. - The company reported a net loss of HKD 42,616,000 for the year, compared to a loss of HKD 4,128,000 in the previous year, indicating a significant decline in profitability[24]. - The group reported a loss attributable to owners of HKD 34,600,000 for the year ended December 31, 2023, compared to a profit of HKD 5,300,000 in 2022, resulting in a loss per share of HKD 0.0528[74]. Assets and Liabilities - Total assets as of December 31, 2023, were HKD 713.8 million, down from HKD 759.8 million in 2022[8]. - Total liabilities increased slightly to HKD 457.9 million in 2023 from HKD 453.1 million in 2022[9]. - As of December 31, 2023, the group's current liabilities exceeded current assets by HKD 140,956,000, compared to HKD 107,100,000 as of December 31, 2022[14]. - The group's current liabilities exceeded current assets by HKD 141,000,000 as of December 31, 2023, compared to HKD 107,100,000 in 2022, with a current ratio of 1.04 down from 1.28 in 2022[77]. - Cash and cash equivalents decreased to HKD 88.5 million in 2023 from HKD 103.9 million in 2022[8]. - The total trade receivables as of December 31, 2023, were HKD 56,776, down from HKD 59,324 in 2022, reflecting a decrease of 4.2%[43]. - Trade payables decreased to HKD 37.9 million in 2023 from HKD 41.1 million in 2022[13]. Accounting and Financial Policies - The group adopted several new accounting standards effective from January 1, 2023, but these did not have a significant impact on its performance or financial position[15]. - The group adjusted its accounting policy regarding long service payments due to changes in local legislation, impacting the recognition of past service costs[21]. - The adjustments for the year ended December 31, 2022, included a reclassification of costs, resulting in a revised net loss of HKD 4,128,000[21]. - The total liabilities included an increase in employee benefit obligations of HKD 3,348,000 due to the revised accounting policy[21]. - The group reported a decrease in reserves by HKD 1,943,000 as a result of the accounting policy change[21]. - The group’s deferred tax assets increased by HKD 435,000 following the adjustments made[21]. - The deferred tax assets increased to HKD 8,589,000 as of December 31, 2023, from HKD 7,645,000 in the previous year[25]. Operational Highlights - The company plans to continue focusing on retail and wholesale distribution of bottled beverages and herbal products in Hong Kong and mainland China[10]. - The company launched new product lines targeting pregnant women and postpartum recovery, including various health food sets[52]. - The company has optimized its store network by closing underperforming locations, maintaining 111 self-operated stores in Hong Kong[52]. - The company plans to open approximately two new retail stores in 2024 while closing underperforming locations[62]. - The company aims to enhance its product offerings by launching new products, including a festive series and postpartum care products in 2024[63]. - The company will continue to adopt rPET materials for packaging to fulfill its environmental commitments[64]. - The company is focusing on expanding its online sales and leveraging social media for product promotion[65]. Cost Management - Employee benefits expenses, including director remuneration, increased to HKD 212,192 in 2023, up 6.4% from HKD 199,060 in 2022[33]. - The group's total sales cost for the year ended December 31, 2023, was HKD 279,200,000, a decrease of 0.7% from HKD 281,100,000 in 2022, with the sales cost as a percentage of revenue rising to 41.5% from 40.9% due to increased raw material costs, wages, and utilities[69]. - Employee costs increased by 6.6% to HKD 212,200,000 for the year ended December 31, 2023, compared to HKD 199,100,000 in 2022, with the employee cost to revenue ratio rising to 31.5% from 29.0%[71]. - Rental expenses for the group's Hong Kong retail stores increased by 7.6% to HKD 104,700,000 for the year ended December 31, 2023, compared to HKD 97,300,000 in 2022, with the rental expense to revenue ratio at 20.8% versus 18.8% in 2022[72]. Future Outlook - The management emphasizes a cautious approach due to the uncertain business environment, aiming to optimize costs and maintain stable cash flow[61]. - The company has begun evaluating the impact of upcoming accounting standard revisions, which are not expected to have a significant effect on the group in the foreseeable future[17]. - The auditor, PwC, confirmed that the preliminary performance announcement aligns with the audited consolidated financial statements for the year ending December 31, 2023[91]. - The annual report containing all relevant information as per listing rules will be published on the designated websites at an appropriate time[92].

Financial Performance - The company's revenue for the first half of 2023 was HKD 331.7 million, a decrease of 2.4% compared to HKD 340 million in the same period of 2022[9]. - Gross profit fell by 4.1% to HKD 193.9 million, with a gross margin of 58.5%, down from 59.5% in the previous year[10]. - The retail segment in Hong Kong generated revenue of HKD 251.7 million, a decline of 4.3% year-on-year, accounting for 75.9% of total revenue[11]. - The company recorded a loss attributable to shareholders of HKD 9.6 million for the first half of 2023, compared to a profit of HKD 8.1 million in the same period of 2022[10]. - Revenue for the six months ended June 30, 2023, was HKD 331,678,000, a decrease of 2.4% from HKD 339,998,000 in 2022[59]. - Operating loss for the six months was HKD 10,580,000 compared to an operating profit of HKD 6,022,000 in 2022[59]. - Net loss attributable to the owners of the company was HKD 9,649,000, a significant decline from a profit of HKD 8,074,000 in the previous year[61]. - Total comprehensive loss for the period was HKD 17,963,000, compared to a loss of HKD 6,738,000 in 2022[61]. - The company reported a basic and diluted loss per share of HKD 1.47, compared to earnings of HKD 1.23 per share in 2022[61]. Revenue Segmentation - For the six months ended June 30, 2023, the total revenue from external customers was HKD 331,678,000, with HKD 251,683,000 from retail in Hong Kong and HKD 79,995,000 from wholesale[104]. - The wholesale business in Hong Kong recorded revenue of HKD 80,000,000, an increase of 3.8% from HKD 77,100,000 in the previous year, driven by new product launches[31]. Cost and Expenses - The gross profit for the first half of 2023 was HKD 193,900,000, a decrease of 4.1% from HKD 202,200,000 in the first half of 2022[33]. - Employee costs increased by 5.7% to HKD 104,800,000, with the employee cost ratio rising to 31.6% from 29.2% in the previous year[34]. - Rental expenses for Hong Kong retail stores increased by 4.1% to HKD 51,700,000, with the rental expense ratio rising to 20.5%[35]. - The company’s administrative and operating expenses for the six months ended June 30, 2023, were HKD 182,070,000, compared to HKD 170,240,000 in the previous period[89]. Cash Flow and Liquidity - As of June 30, 2023, the company's bank deposits and cash balance stood at HKD 90,900,000, a decrease from HKD 103,900,000 as of December 31, 2022[42]. - The company's current liabilities exceeded its current assets by HKD 123,200,000 as of June 30, 2023, compared to HKD 107,100,000 as of December 31, 2022[43]. - The company reported a net cash inflow from operating activities of HKD 48,020,000 for the six months ended June 30, 2023, compared to HKD 54,754,000 in the same period of 2022, representing a decrease of approximately 12.5%[68]. - The company’s operating cash flow was impacted by a decrease in operating income, which was HKD 41,500,000 for the six months ended June 30, 2023, down from HKD 57,207,000 in the previous year, a decline of approximately 27.5%[68]. Capital Expenditures - Capital expenditures for the first half of 2023 amounted to HKD 6,600,000, down from HKD 15,900,000 in the first half of 2022, primarily for renovating existing retail stores and purchasing production equipment[41]. - The company has committed capital expenditures of HKD 13,308,000 for property, plant, and equipment as of June 30, 2023, compared to HKD 13,017,000 as of December 31, 2022[153]. Shareholder Information - The company’s major shareholder, Ms. Wong Pui Chu, holds 404,052,600 shares, representing 61.59% of the total issued shares[157]. - Dr. Siu Wing Fu holds 26,554,600 shares, which accounts for 4.04% of the total issued shares[157]. - The company has a stock option plan that allows for the issuance of up to 63,200,000 shares, which is approximately 9.63% of the total issued share capital as of June 30, 2023[168]. Environmental and Social Responsibility - The company recycled approximately 391.9 tons of food waste in the first half of 2023, a decrease from 515.9 tons in the same period of 2022, resulting in a reduction of about 83.5 tons of CO2 equivalent greenhouse gas emissions[53]. - The company generated approximately 87 MWh of renewable energy from solar panels installed on its Hong Kong factory rooftop in the first half of 2023[54]. - The company received multiple awards for its contributions to the industry and society, including recognition as a "Green Organization" by the Environmental Campaign Committee[51]. Corporate Governance - The company adhered to the Corporate Governance Code as outlined in Appendix 14 of the listing rules for the six months ending June 30, 2023[173]. - The Audit Committee, composed of three independent non-executive directors, reviewed the unaudited interim financial information for the six months ending June 30, 2023[175].

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分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 HUNG FOOK TONG GROUP HOLDINGS LIMITED 鴻 福 堂 集 團 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1446） 截至二零二三年六月三十日止六個月的 中期業績公告 摘要 • 截至二零二三年六月三十日止六個月（「二零二三年上半年」）的收益較截至 二零二二年六月三十日止六個月（「二零二二年上半年」）的340,000,000港 元減少2.4%至331,700,000港元。 － 來自香港零售業務的收益減少4.3%至251,700,000港元（二零二二年上 半年：262,900,000港元）。於二零二三年六月三十日，本集團於香港 共經營119間自營零售店。 － 來自批發業務的收益增加3.8%至80,000,000港元（二零二二年上半 年：77,100,000港元）。 ...