格隆汇8月29日丨叙福楼集团(01978.HK)公布中期业绩，集团录得收入约5.405亿港元，同比增长约 3.4%，收入增加乃主要由于集团积极优化其店舖组合、对表现欠佳的分店作出果断调整并通过改良菜 单提升客户体验及竞争力以迎合不断变化的市场格局。 期间权益持有人应占亏损由去年同期约2650万港元减少约97.6%或约25.9百万港元至本期间约60万港 元。亏损减少主要归因于集团积极转型及积极的重组措施，导致与去年同期相比，本期间收入增加及物 业、厂房及设备减值拨备以及与本期间若干表现不佳店舖有关的使用权资产减少。 ...

叙福楼集团(01978)发布截至2025年6月30日止6个月业绩，该集团期内取得收入5.41亿港元，同比增加 3.43%;公司权益持有人应占亏损60万港元，同比收窄97.74%;每股基本亏损0.08港仙。 ...

Financial Summary and Performance Overview [Financial Summary](index=1&type=section&id=%E8%B2%A1%E5%8B%99%E6%91%98%E8%A6%81) The Group's unaudited results for the six months ended June 30, 2025, show year-on-year revenue growth and a significant reduction in losses Financial Highlights | Metric | For the six months ended June 30, 2025 (HK$ million) | For the six months ended June 30, 2024 (HK$ million) | | :--- | :--- | :--- | | Revenue | 540.5 | 522.6 | | Loss attributable to equity holders of the Company | (0.6) | (26.5) | | Loss per share (HK cents) Basic and diluted | (0.08) | (3.32) | [Introduction to Results Announcement](index=1&type=section&id=%E6%A5%AD%E7%B8%BE) The Board of Directors announces the unaudited interim results for the six months ended June 30, 2025, with comparative data from the prior year - This announcement presents the unaudited condensed consolidated interim results of the Company and its subsidiaries for the six months ended June 30, 2025[5](index=5&type=chunk) Condensed Consolidated Financial Statements [Condensed Consolidated Statement of Comprehensive Income](index=2&type=section&id=%E6%9C%AA%E7%B6%93%E5%AF%A9%E8%A8%88%E7%B0%A1%E6%98%8E%E5%90%88%E4%BD%B5%E5%85%A8%E9%9D%A2%E6%94%B6%E7%9B%8A%E8%A1%A8) The period saw revenue growth and a substantial narrowing of pre-tax and total losses, reflecting improved operational efficiency and cost control Statement of Comprehensive Income | Metric | For the six months ended June 30, 2025 (HK$ thousands) | For the six months ended June 30, 2024 (HK$ thousands) | | :--- | :--- | :--- | | Revenue | 540,460 | 522,610 | | Other income and gains | 2,012 | 2,196 | | Cost of food and beverages | (156,491) | (162,277) | | Staff costs | (192,620) | (194,463) | | Loss before tax | (2,815) | (32,069) | | Loss and total comprehensive loss for the period | (647) | (26,535) | | Loss attributable to equity holders of the Company | (633) | (26,535) | [Condensed Consolidated Statement of Financial Position](index=3&type=section&id=%E7%B0%A1%E6%98%8E%E5%90%88%E4%BD%B5%E8%B2%A1%E5%8B%99%E7%8B%80%E6%B3%81%E8%A1%A8) As of June 30, 2025, the Group's total assets and liabilities decreased while total equity remained stable, indicating balance sheet restructuring Statement of Financial Position | Metric | As at June 30, 2025 (HK$ thousands) | As at December 31, 2024 (HK$ thousands) | | :--- | :--- | :--- | | Total Assets | 684,201 | 786,006 | | Non-current Assets | 502,234 | 559,909 | | Current Assets | 181,967 | 226,097 | | Total Equity | 232,258 | 232,865 | | Total Liabilities | 451,943 | 553,141 | | Non-current Liabilities | 215,478 | 233,933 | | Current Liabilities | 236,465 | 319,208 | [Condensed Consolidated Statement of Changes in Equity](index=5&type=section&id=%E6%9C%AA%E7%B6%93%E5%AF%A9%E8%A8%88%E7%B0%A1%E6%98%8E%E5%90%88%E4%BD%B5%E6%AC%8A%E7%9B%8A%E8%AE%8A%E5%8B%95%E8%A1%A8) The period's loss attributable to equity holders reduced retained earnings, while contributions from non-controlling interests slightly increased Statement of Changes in Equity | Item | Share Capital (HK$ thousands) | Share Premium (HK$ thousands) | Retained Earnings (HK$ thousands) | Other Reserves (HK$ thousands) | Non-controlling Interests (HK$ thousands) | Total (HK$ thousands) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Balance at January 1, 2025 | 80,000 | 122,781 | 2,465 | 27,619 | — | 232,865 | | Contribution from non-controlling interests | — | — | — | — | 40 | 40 | | Loss and total comprehensive loss for the period | — | — | (633) | — | (14) | (647) | | **Balance at June 30, 2025** | **80,000** | **122,781** | **1,832** | **27,619** | **26** | **232,258** | | Balance at January 1, 2024 | 80,000 | 122,781 | 67,007 | 27,619 | — | 297,407 | | Loss and total comprehensive loss for the period | — | — | (26,535) | — | — | (26,535) | | Dividend | — | — | (32,480) | — | — | (32,480) | | **Balance at June 30, 2024** | **80,000** | **122,781** | **7,992** | **27,619** | **—** | **238,392** | Notes to the Financial Statements [General Information and Basis of Preparation](index=6&type=section&id=1.%20%E4%B8%80%E8%88%AC%E8%B3%87%E6%96%99) The Group operates restaurants in Hong Kong, with financial data prepared under HKAS on a going concern basis despite a net current liability position - The Company was incorporated in the Cayman Islands, and its subsidiaries primarily operate as full-service restaurant operators of Asian and Cantonese cuisine in Hong Kong[10](index=10&type=chunk) - The unaudited condensed consolidated interim financial information has been prepared in accordance with HKAS 34 and the applicable disclosure requirements of the Listing Rules of the Stock Exchange, presented on a going concern basis[11](index=11&type=chunk)[12](index=12&type=chunk) - As of June 30, 2025, the Group's current liabilities exceeded its current assets by **HK$54.5 million**, but after excluding lease liabilities and contract liabilities, it had net current assets of **HK$48.8 million** with no external borrowings, leading the directors to conclude that working capital is sufficient[12](index=12&type=chunk) [Accounting Policies](index=7&type=section&id=3.%20%E6%9C%83%E8%A8%88%E6%94%BF%E7%AD%96) Accounting policies are consistent with the prior year's annual report, with the adoption of HKAS 21 amendments having no material impact - The accounting policies and methods of computation used are consistent with those in the 2024 annual report, except for the adoption of amendments to HKAS 21 "Lack of Exchangeability"[15](index=15&type=chunk)[16](index=16&type=chunk) - The adoption of these amendments did not have a material impact on the Group's results and financial position[16](index=16&type=chunk) [Revenue and Segment Information](index=7&type=section&id=4.%20%E6%94%B6%E5%85%A5%E5%8F%8A%E5%88%86%E9%83%A8%E8%B3%87%E6%96%99) The Group's revenue is primarily from restaurant operations, segmented into self-owned and franchised brands, with franchised brands being the main contributor Revenue Analysis | Revenue Source | For the six months ended June 30, 2025 (HK$ thousands) | For the six months ended June 30, 2024 (HK$ thousands) | | :--- | :--- | :--- | | Restaurant operations | 539,793 | 520,666 | | Sales of ingredients and others | 667 | 1,944 | | **Total Revenue** | **540,460** | **522,610** | - The Group primarily operates chain restaurants and sells ingredients in Hong Kong, with management reviewing performance based on major cuisine types and ingredient sales[19](index=19&type=chunk) Segment Revenue, (Loss)/Profit, Assets and Liabilities (as at June 30, 2025) | Metric | Self-owned Brands (HK$ thousands) | Franchised Brands (HK$ thousands) | Sales of Ingredients and Others (HK$ thousands) | Total (HK$ thousands) | | :--- | :--- | :--- | :--- | :--- | | External Revenue | 143,358 | 396,435 | 667 | 540,460 | | Segment (Loss)/Profit | (1,342) | 34,611 | (1,864) | 31,405 | | Loss before tax | | | | (2,815) | | Segment Assets | 171,967 | 267,185 | 59,782 | 498,934 | | Segment Liabilities | (131,898) | (230,955) | (6,927) | (369,780) | Segment Revenue, (Loss)/Profit, Assets and Liabilities (as at June 30, 2024) | Metric | Self-owned Brands (HK$ thousands) | Franchised Brands (HK$ thousands) | Sales of Ingredients and Others (HK$ thousands) | Total (HK$ thousands) | | :--- | :--- | :--- | :--- | :--- | | External Revenue | 136,013 | 384,653 | 1,944 | 522,610 | | Segment (Loss)/Profit | (14,221) | 15,238 | (1,354) | (337) | | Loss before tax | | | | (32,069) | | Segment Assets | 179,962 | 342,389 | 59,560 | 581,911 | | Segment Liabilities | (145,678) | (314,655) | (13,495) | (473,828) | [Other Income and Gains](index=11&type=section&id=5.%20%E5%85%B6%E4%BB%96%E6%94%B6%E5%85%A5%E5%8F%8A%E6%94%B6%E7%9B%8A) Other income and gains decreased slightly during the period, primarily consisting of promotional income from a credit card company Other Income and Gains Breakdown | Item | For the six months ended June 30, 2025 (HK$ thousands) | For the six months ended June 30, 2024 (HK$ thousands) | | :--- | :--- | :--- | | Promotional income from a credit card company | 1,650 | 1,650 | | Sundry income | 362 | 546 | | **Total** | **2,012** | **2,196** | [Depreciation of Right-of-Use Assets, Rent and Related Expenses](index=12&type=section&id=6.%20%E4%BD%BF%E7%94%A8%E6%AC%8A%E8%B3%87%E7%94%A2%E4%B9%8B%E6%8A%98%E8%88%8A%E3%80%81%E7%A7%9F%E9%87%91%E5%8F%8A%E7%9B%B8%E9%97%9C%E9%96%8B%E6%94%AF) Depreciation, rent, and related expenses saw a slight year-on-year decrease, mainly due to a lower net book value of right-of-use assets Depreciation and Rent Expenses | Item | For the six months ended June 30, 2025 (HK$ thousands) | For the six months ended June 30, 2024 (HK$ thousands) | | :--- | :--- | :--- | | Depreciation of right-of-use assets | 57,353 | 59,211 | | Property rentals and related expenses | 31,663 | 30,921 | | **Total** | **89,016** | **90,132** | [Finance Income and Costs](index=12&type=section&id=7.%20%E8%9E%8D%E8%B3%87%E6%94%B6%E7%9B%8A%E5%8F%8A%E6%88%90%E6%9C%AC) Finance income decreased significantly during the period, while finance costs rose due to an increase in lease liabilities Finance Income and Costs Breakdown | Item | For the six months ended June 30, 2025 (HK$ thousands) | For the six months ended June 30, 2024 (HK$ thousands) | | :--- | :--- | :--- | | Interest income from bank deposits | 741 | 3,591 | | Finance income from financial assets | 531 | 254 | | **Finance income** | **1,272** | **3,845** | | Finance costs on lease liabilities | (7,733) | (5,852) | | **Finance costs** | **(7,733)** | **(5,852)** | [Taxation](index=12&type=section&id=8.%20%E7%A8%85%E9%A0%85) The period recorded an income tax credit, primarily due to the effect of deferred taxation, while the Hong Kong profits tax rate remained unchanged Taxation Breakdown | Item | For the six months ended June 30, 2025 (HK$ thousands) | For the six months ended June 30, 2024 (HK$ thousands) | | :--- | :--- | :--- | | Hong Kong Profits Tax - Current tax | 2,750 | 2,557 | | Hong Kong Profits Tax - Over-provision in prior years | (918) | — | | Deferred tax | (4,000) | (8,091) | | **Income tax credit** | **(2,168)** | **(5,534)** | - The Hong Kong Profits Tax rate is 16.5%, with subsidiaries qualifying for the two-tiered profits tax regime paying 8.25% on the first HK$2,000,000 of assessable profits[27](index=27&type=chunk) [Loss Before Tax](index=13&type=section&id=9.%20%E9%99%A4%E7%A8%85%E5%89%8D%E8%99%A7%E6%90%8D) The calculation of loss before tax includes various depreciation, amortization, lease payments, and employee benefit expenses Components of Loss Before Tax | Item | For the six months ended June 30, 2025 (HK$ thousands) | For the six months ended June 30, 2024 (HK$ thousands) | | :--- | :--- | :--- | | Depreciation of property, plant and equipment | 19,824 | 15,310 | | Depreciation of right-of-use assets | 57,353 | 59,211 | | Depreciation of investment properties | 260 | 259 | | Amortisation of intangible assets | 212 | 236 | | Lease payments under operating leases for land and buildings | 3,773 | 4,671 | | Employee benefit expenses | 192,620 | 194,463 | | Auditor's remuneration | 1,561 | 1,518 | [Loss Per Share](index=14&type=section&id=10.%20%E6%9C%AC%E5%85%AC%E5%8F%B8%E6%AC%8A%E7%9B%8A%E6%8C%81%E6%9C%89%E4%BA%BA%E6%87%89%E4%BD%94%E6%AF%8F%E8%82%A1%E8%99%A7%E6%90%8D) Basic and diluted loss per share decreased substantially during the period, reflecting the significant narrowing of the company's overall loss Loss Per Share Calculation | Metric | For the six months ended June 30, 2025 | For the six months ended June 30, 2024 | | :--- | :--- | :--- | | Loss attributable to equity holders (HK$ thousands) | (633) | (26,535) | | Weighted average number of ordinary shares in issue (thousands) | 800,000 | 800,000 | | Loss per share (HK cents) | (0.08) | (3.32) | - As there were no potential dilutive ordinary shares in issue, diluted loss per share is equal to basic loss per share[32](index=32&type=chunk) [Dividend](index=14&type=section&id=11.%20%E8%82%A1%E6%81%AF) The Board does not recommend an interim dividend for the period, though a final dividend for 2023 was paid in 2024 - The Board does not recommend the payment of an interim dividend for the six months ended June 30, 2025[34](index=34&type=chunk) - A final dividend for the year ended December 31, 2023, of **HK4.06 cents per ordinary share**, totaling HK$32,480,000, was declared on March 26, 2024[33](index=33&type=chunk) [Trade Receivables, Prepayments, Deposits and Other Receivables](index=15&type=section&id=12.%20%E8%B2%A1%E6%98%93%E6%87%89%E6%94%B6%E6%AC%BE%E9%A0%85%E3%80%81%E9%A0%90%E4%BB%98%E6%AC%BE%E9%A0%85%E3%80%81%E6%8C%89%E9%87%91%E5%8F%8A%E5%85%B6%E4%BB%96%E6%87%89%E6%94%B6%E6%AC%BE%E9%A0%85) Trade receivables increased slightly, while total prepayments, deposits, and other receivables decreased with no impairment loss recognized Ageing Analysis of Trade Receivables | Ageing | As at June 30, 2025 (HK$ thousands) | As at December 31, 2024 (HK$ thousands) | | :--- | :--- | :--- | | Within 30 days | 4,797 | 5,639 | | 31 to 60 days | 551 | 177 | | 61 to 180 days | 1,463 | 528 | | **Total** | **6,811** | **6,344** | Prepayments, Deposits and Other Receivables | Item | As at June 30, 2025 (HK$ thousands) | As at December 31, 2024 (HK$ thousands) | | :--- | :--- | :--- | | Prepayments | 15,917 | 21,563 | | Rental and utility deposits | 82,208 | 86,892 | | Other receivables | 1,159 | 3,503 | | **Total** | **99,284** | **111,958** | | Less: Non-current portion | (49,184) | (64,637) | | **Current portion** | **50,100** | **47,321** | - The Group did not provide for impairment on overdue balances and recognized no impairment loss[37](index=37&type=chunk) [Trade Payables, Other Payables and Accruals](index=17&type=section&id=13.%20%E8%B2%A1%E6%98%93%E6%87%89%E4%BB%98%E6%AC%BE%E9%A0%85%E3%80%81%E5%85%B6%E4%BB%96%E6%87%89%E4%BB%98%E6%AC%BE%E9%A0%85%E5%8F%8A%E6%87%89%E8%A8%88%E8%B2%BB%E7%94%A8) Total trade and other payables decreased, reflecting improvements in liability management and operational efficiency Ageing Analysis of Trade Payables | Ageing | As at June 30, 2025 (HK$ thousands) | As at December 31, 2024 (HK$ thousands) | | :--- | :--- | :--- | | Within 30 days | 24,852 | 30,244 | | 31 to 60 days | 9,677 | 24,287 | | 61 to 180 days | 55 | 36 | | Over 180 days | 256 | 259 | | **Total** | **34,840** | **54,826** | Contract Liabilities, Other Payables and Accruals | Item | As at June 30, 2025 (HK$ thousands) | As at December 31, 2024 (HK$ thousands) | | :--- | :--- | :--- | | Rental payables | 883 | 2,402 | | Accrued employee benefit expenses | 36,581 | 37,541 | | Provision for long service payments | 2,378 | 1,923 | | Provision for untaken annual leave | 11,071 | 11,485 | | Provision for reinstatement costs | 25,216 | 25,130 | | Contract liabilities | 21,081 | 30,335 | | Other accrued expenses | 30,770 | 32,507 | | Payables for purchase of property, plant and equipment | 3,676 | 22,248 | | Other payables | 632 | 632 | | **Total** | **132,288** | **164,203** | | Less: Non-current portion | (14,892) | (17,970) | | **Current portion** | **117,396** | **146,233** | Business Review [Operating Overview](index=19&type=section&id=%E6%A5%AD%E5%8B%99%E5%9B%9E%E9%A1%A7) The Group is a leading multi-brand restaurant operator in Hong Kong with 64 restaurants, including self-owned and franchised brands - The Group operates 64 restaurants in Hong Kong as of June 30, 2025, specializing in Asian (particularly Japanese) and Cantonese cuisine[42](index=42&type=chunk) - The restaurant portfolio includes 18 self-owned brands (e.g., "Mou Mou Club," "Peace Cuisine") and 44 franchised brands (e.g., "Gyu-Kaku," "On-Yasai"), plus 2 cooperatively-run brands[42](index=42&type=chunk) Number of Restaurants | Brand Type | As at June 30, 2025 | As at June 30, 2024 | | :--- | :--- | :--- | | Self-owned Brands | 20 | 14 | | Franchised Brands | 44 | 44 | | **Total** | **64** | **58** | [Financial Performance Analysis](index=20&type=section&id=%E6%94%B6%E5%85%A5) Revenue grew 3.4% year-on-year, while loss attributable to equity holders narrowed by 97.6%, reflecting successful transformation measures - The Group's revenue increased by approximately **3.4%** from HK$522.6 million to HK$540.5 million, driven by store portfolio optimization and menu enhancements[44](index=44&type=chunk) - Loss attributable to equity holders of the Company decreased by approximately **97.6%** from HK$26.5 million to HK$0.6 million, mainly due to increased revenue and reduced impairment provisions[51](index=51&type=chunk) - The cost of food and beverages as a percentage of revenue decreased from **31.1% to 29.0%**, and staff costs as a percentage of revenue decreased from **37.2% to 35.6%**, indicating effective cost control[48](index=48&type=chunk)[49](index=49&type=chunk) Revenue by Business Segment | Business Segment | 2025 Revenue (HK$ thousands) | % of Total Revenue | 2024 Revenue (HK$ thousands) | % of Total Revenue | | :--- | :--- | :--- | :--- | :--- | | Self-owned Brands | 143,358 | 26.5 | 136,013 | 26.0 | | Franchised Brands | 396,435 | 73.4 | 384,653 | 73.6 | | Subtotal for Restaurant Operations | 539,793 | 99.9 | 520,666 | 99.6 | | Sales of Ingredients and Others | 667 | 0.1 | 1,944 | 0.4 | | **Total** | **540,460** | **100.0** | **522,610** | **100.0** | [Liquidity and Financial Resources](index=22&type=section&id=%E6%B5%81%E5%8B%95%E8%B3%87%E9%87%91%E5%8F%8A%E8%B2%A1%E5%8B%99%E8%B3%87%E6%BA%90) The Group maintains sufficient liquidity with approximately HK$100.3 million in cash, a current ratio of 0.8, and a gearing ratio of zero - As of June 30, 2025, the Group had cash and cash equivalents of approximately **HK$100.3 million** and a current ratio of approximately **0.8 times**[52](index=52&type=chunk) - The Group's gearing ratio was **zero** as it had no outstanding interest-bearing bank borrowings[52](index=52&type=chunk) [Investments and Capital Commitments](index=22&type=section&id=%E9%87%8D%E5%A4%A7%E6%8A%95%E8%B3%87) The Group had no significant investments or outstanding capital commitments during the period, indicating a prudent capital management strategy - As at June 30, 2025, the Group did not hold any significant investments[53](index=53&type=chunk) - As at June 30, 2025, the Group had no outstanding capital commitments (December 31, 2024: approximately HK$5.1 million)[54](index=54&type=chunk) [Contingent Liabilities and Off-Balance Sheet Commitments](index=22&type=section&id=%E6%88%96%E7%84%B6%E8%B2%A0%E5%82%B5) The Group's contingent liabilities are mainly bank guarantees, with no other off-balance sheet commitments, indicating manageable financial risk - As at June 30, 2025, the Group had contingent liabilities of approximately **HK$1.2 million** for bank guarantees provided to landlords in lieu of rental deposits[55](index=55&type=chunk) - The Group had no off-balance sheet transactions, other capital commitments, or significant investment plans as of the report date, other than those disclosed[56](index=56&type=chunk) [Future Plans and Pledge of Assets](index=23&type=section&id=%E9%87%8D%E5%A4%A7%E6%94%B6%E8%B3%BC%E5%8F%8A%E5%87%BA%E5%94%AE%E9%99%84%E5%B1%AC%E5%85%AC%E5%8F%B8%E3%80%81%E8%81%AF%E7%87%9F%E5%85%AC%E5%8F%B8%E5%8F%8A%E5%90%88%E7%87%9F%E4%BC%81%E6%A5%AD%E4%BB%A5%E5%8F%8A%E9%87%8D%E5%A4%A7%E6%8A%95%E8%B3%87%E5%8F%8A%E8%B3%87%E6%9C%AC%E8%B3%87%E7%94%A2%E7%9A%84%E6%9C%AA%E4%BE%86%E8%A8%88%E5%8A%83) No significant acquisitions, disposals, or pledging of assets occurred, reflecting strategic and asset management stability - The Group had no significant acquisitions or disposals of subsidiaries, associates, or joint ventures, nor any plans for material investments or capital assets during the period[57](index=57&type=chunk) - As at June 30, 2025, the Group had not pledged any of its assets[58](index=58&type=chunk) [Capital Structure and Events After the Reporting Period](index=23&type=section&id=%E8%B3%87%E6%9C%AC%E6%9E%B6%E6%A7%8B) The Group's capital structure, comprising only ordinary shares, remained stable with no significant post-reporting period events - The Group's capital structure was unchanged during the period, consisting solely of ordinary shares, and it did not hold or dispose of any treasury shares[59](index=59&type=chunk) - No significant events requiring disclosure occurred between the end of the reporting period and the date of this announcement[60](index=60&type=chunk) [Employees and Remuneration Policies](index=23&type=section&id=%E5%83%B1%E5%93%A1%E5%8F%8A%E8%96%AA%E9%85%AC%E6%94%BF%E7%AD%96) Employee numbers slightly decreased, with remuneration based on market terms and performance; no share options were granted or exercised - As at June 30, 2025, the Group had **1,672 employees** (December 31, 2024: 1,742)[61](index=61&type=chunk) - Employee remuneration is determined with reference to prevailing market terms and individual performance, qualifications, and experience[61](index=61&type=chunk) - A share option scheme has been in effect since May 2018, but no options were granted, exercised, outstanding, lapsed, cancelled, or forfeited during the period[61](index=61&type=chunk)[62](index=62&type=chunk) [Foreign Exchange Risk](index=24&type=section&id=%E5%A4%96%E5%8C%AF%E9%A2%A8%E9%9A%AA) The Group faces no significant foreign exchange risk as most transactions are denominated in Hong Kong dollars - The Group's transactions are mostly denominated in Hong Kong dollars, and it does not face any significant foreign exchange risk[63](index=63&type=chunk) - As at June 30, 2025, the Group had no foreign currency investments and had not engaged in any currency hedging transactions or instruments[63](index=63&type=chunk) Prospects and Strategies [Prospects and Strategies](index=24&type=section&id=%E5%89%8D%E6%99%AF) The Group will adopt a proactive yet prudent strategy to navigate a competitive market by optimizing its portfolio and leveraging technology - The Hong Kong catering industry faces challenges from shifting local consumption patterns, oversupply, and intense market competition despite macroeconomic improvements[64](index=64&type=chunk) - The Group's strategy includes optimizing its store portfolio, adjusting menus, and introducing new brands to enhance value and attract a new generation of consumers[64](index=64&type=chunk) - The Group is actively promoting the application of AI and automation, utilizing CRM systems, smart reservation systems, and process automation to boost operational efficiency and customer loyalty[64](index=64&type=chunk) - Leveraging its **strong cash flow and debt-free position**, the Group will continue to enhance technology application and operational efficiency while actively seeking development opportunities both locally and overseas[65](index=65&type=chunk) Corporate Governance and Other Information [Dividend Policy](index=25&type=section&id=%E8%82%A1%E6%81%AF) The Board of Directors has resolved not to declare an interim dividend for the current period - The Board has resolved not to declare an interim dividend for the period (Prior period: Nil)[66](index=66&type=chunk) [Public Float](index=25&type=section&id=%E8%B6%B3%E5%A4%A0%E5%85%AC%E7%9C%BE%E6%8C%81%E8%82%A1%E9%87%8F) The Company has maintained a sufficient public float in compliance with the Listing Rules throughout the period - The Company has maintained a sufficient public float of at least **25% of its issued shares** throughout the period and up to the date of this announcement[67](index=67&type=chunk) [Corporate Governance Practices](index=25&type=section&id=%E4%BC%81%E6%A5%AD%E7%AE%A1%E6%B2%BB%E5%B8%B8%E8%A6%8F) The Company has complied with the Corporate Governance Code in all material respects, except for the combined role of Chairman and CEO - The Company has adopted and complied with the Corporate Governance Code in Appendix C1 of the Listing Rules in all material respects, except for the deviation from code provision C.2.1[68](index=68&type=chunk) - Mr. WONG Kit Loong, Simon serves as both the Chairman and Chief Executive Officer, an arrangement the Board believes is in the best interests of the Group and its shareholders, with a balance of power and authority[69](index=69&type=chunk) [Model Code for Securities Transactions by Directors](index=26&type=section&id=%E8%91%A3%E4%BA%8B%E9%80%B2%E8%A1%8C%E8%AD%89%E5%88%B8%E4%BA%A4%E6%98%93%E7%9A%84%E6%A8%99%E6%BA%96%E5%AE%88%E5%89%87) All directors have confirmed their compliance with the Model Code for Securities Transactions by Directors during the period - All directors have confirmed their compliance with the required standards set out in the Model Code in Appendix C3 of the Listing Rules during the period[70](index=70&type=chunk) [Purchase, Sale or Redemption of Listed Securities](index=26&type=section&id=%E8%B3%BC%E8%B2%B7%E3%80%81%E5%87%BA%E5%94%AE%E6%88%96%E8%B4%96%E5%9B%9E%E4%B8%8A%E5%B8%82%E8%AD%89%E5%88%B8) Neither the Company nor its subsidiaries purchased, sold, or redeemed any listed securities during the period - During the period, neither the Company nor any of its subsidiaries purchased, sold, or redeemed any of the Company's listed securities[71](index=71&type=chunk) - As at June 30, 2025, the Company did not hold any treasury shares[72](index=72&type=chunk) [Audit Committee](index=27&type=section&id=%E5%AF%A9%E6%A0%B8%E5%A7%94%E5%93%A1%E6%9C%83) The Audit Committee, composed of independent non-executive directors, has reviewed the Group's unaudited interim results and financial information - The Audit Committee consists of three independent non-executive directors and is primarily responsible for monitoring the audit process and reviewing policies[73](index=73&type=chunk) - The Audit Committee has met to review the Group's unaudited interim results announcement and financial information for the period[73](index=73&type=chunk) [Publication of Interim Results and Acknowledgement](index=27&type=section&id=%E6%96%BC%E8%81%AF%E4%BA%A4%E6%89%80%E5%8F%8A%E6%9C%AC%E5%85%AC%E5%8F%B8%E7%B6%B2%E7%AB%99%E5%88%8A%E8%BC%89%E4%B8%AD%E6%9C%9F%E6%A5%AD%E7%B8%BE%E5%8F%8A%E4%BA%8C%E9%9B%B6%E4%BA%8C%E4%BA%94%E5%B9%B4%E4%B8%AD%E6%9C%9F%E5%A0%B1%E5%91%8A) The interim results and report will be published on the websites of the Stock Exchange and the Company - This interim results announcement and the 2025 interim report will be published on the websites of the Stock Exchange and the Company[74](index=74&type=chunk) - The Board expresses its sincere gratitude to the Group's management team, all staff, shareholders, customers, business partners, and professional parties for their support and contributions[75](index=75&type=chunk)

广发基金管理有限公司 关于广发上证科创板成长交易型开放式指数证券投资基金发起式联接基金恢复 大额申购(含转换转入、定期定额和不定额投资)业务的公告 8月27日，广发基金管理有限公司发布公告，为满足投资者的投资需求，决定取消广发上证科创板成长 交易型开放式指数证券投资基金发起式联接基金的申购(含转换转入、定期定额和不定额投资)业务限 额，具体措施如下：自2025年8月28日起，广发上证科创板成长ETF发起式联接基金取消原投资者单日 单个基金账户申购(含转换转入、定期定额和不定额投资)合计不得超过100.00元的限额，恢复正常的大 额申购(含转换转入、定期定额和不定额投资)业务。2025年8月27日，广发基金以"保护基金份额持有人 利益"为由，暂停该基金的大额申购。 | 基金名称 | 广发上证科创板成长交易型开放式指数证券投资基金发起式联 | | --- | --- | | | 接基金 | | 基金简称 | 广发上证科创板成长 ETF 发起式联接 | | 基金主代码 | 019785 | | 基金管理人名称 | 广发基金管理有限公司 | | 公告依据 | 《广发上证科创板成长交易型开放式指数证券投资基金发起式 联 ...

智通财经APP讯，叙福楼集团(01978)发布公告，集团预期于截至2025年6月30日止六个月将取得股东应 占亏损不多于100万港元，而截至2024年6月30日止六个月股东应占亏损则约为2650万港元。 在本回顾期间内，集团密切关注市场情况，不时调整业务策略，并实施多项积极策略以提升多元品牌发 展和节省开支，以减少负面影响及维持业务稳定。这些策略包括但不限于引进及开发合适市场的新品 牌，与业主协商减租、改善供应商条款以及推出多样化的推广活动。此外，集团有效管理营运资金，以 确保现金流保持健康状态。 董事会认为本回顾期间股东应占预期亏损减少的原因主要归因于以下因素的综合影响：收入及毛利增 加，得益于集团持续致力于优化其餐厅网络，并通过引入新概念及品牌发展多元化品牌组合，支持本回 顾期间内的收入增长;及于本回顾期间，取得与部分表现未达预期的分店相关的物业、厂房和设备及使 用权资产的减值拨备减少。这一正面发展主要得益于本回顾期间集团收入表现的改善。改善乃由于集团 积极优化其门店组合，果断调整表现未达预期的门店，并通过革新菜单以顺应不断变化的市场格局，以 此提升客户体验及竞争力。 ...

根据董事会目前可获取的资料，董事会认为回顾期间股东应占预期亏损减少的原因主要归因于以下因素 的综合影响：1.收入及毛利增加，得益于集团持续致力于优化其餐厅网络，并通过引入新概念及品牌发 展多元化品牌组合，支持本回顾期间内的收入增长； 2.于本回顾期间，录得与部分表现未达预期的分店相关的物业、厂房和设备及使用权资产的减值拨备减 少。这一正面发展主要得益于本回顾期间集团收入表现的改善。改善乃由于集团积极优化其门店组合， 果断调整表现未达预期的门店，并通过革新菜单以顺应不断变化的市场格局，以此提升客户体验及竞争 力。 格隆汇8月18日丨叙福楼集团(01978.HK)公告，集团预期于截至2025年6月30日止6个月回顾期间将录得 股东应占亏损不多于100万港元，而截至2024年6月30日止6个月股东应占亏损则约为2650万港元。 ...

在本回顾期间内，集团密切关注市场情况，不时调整业务策略，并实施多项积极策略以提升多元品牌发 展和节省开支，以减少负面影响及维持业务稳定。这些策略包括但不限于引进及开发合适市场的新品 牌，与业主协商减租、改善供应商条款以及推出多样化的推广活动。此外，集团有效管理营运资金，以 确保现金流保持健康状态。 董事会认为本回顾期间股东应占预期亏损减少的原因主要归因于以下因素的综合影响：收入及毛利增 加，得益于集团持续致力于优化其餐厅网络，并通过引入新概念及品牌发展多元化品牌组合，支持本回 顾期间内的收入增长;及于本回顾期间，取得与部分表现未达预期的分店相关的物业、厂房和设备及使 用权资产的减值拨备减少。这一正面发展主要得益于本回顾期间集团收入表现的改善。改善乃由于集团 积极优化其门店组合，果断调整表现未达预期的门店，并通过革新菜单以顺应不断变化的市场格局，以 此提升客户体验及竞争力。 叙福楼集团(01978)发布公告，集团预期于截至2025年6月30日止六个月将取得股东应占亏损不多于100 万港元，而截至2024年6月30日止六个月股东应占亏损则约为2650万港元。 ...

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之內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示，概不會就本公告全部或任何部分內容而產生或因倚賴該 等內容而引致之任何損失承擔任何責任。 LH GROUP LIMITED 叙福樓集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1978） 盈利預告 — 虧損減少 本公告由叙福樓集團有限公司（「本公司」，連同其附屬公司，統稱「本集團」）根據香 港聯合交易所有限公司證券上市規則（「上市規則」）第13.09(2)(a)條及香港法例第 571章證券及期貨條例第XIVA部的內幕消息條文（定義見上市規則）而刊發。 本公司董事（「董事」）會（「董事會」）謹此知會本公司股東（「股東」）及潛在投資者，根 據對本集團截至二零二五年六月三十日止六個月（「本回顧期間」）的未經審核綜合管 理賬目之初步審閱及董事會目前可獲得資料，本集團預期於本回顧期間將錄得股東 應佔虧損不多於1.0百萬港元，而截至二零二四年六月三十日止六個月股東應佔虧 損則約為26.5百萬港元。 根據董事會目前可獲取的資料，董事會認為本回顧期間股東應佔預期虧損減少的原 因主要歸因於以下因 ...

格隆汇8月15日丨叙福楼集团(01978.HK)公布，公司将于2025年8月28日召开董事会会议，以(其中包括) 审议及通过集团截至2025年6月30日止六个月的中期业绩及其发布，以及审议派发中期股息的建议(如 有)。 相关事件 叙福楼集团(01978.HK)将于8月28日召开董事会会议以审批中期业绩 叙福楼集团(01978.HK)2024年收入 同比减少17.3%至10.56亿港元 ...

董事會會議通告 叙福樓集團有限公司(「本公司」)董事(「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(其中包括) 考慮及批准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之中期 業績及其發佈, 並考慮派發中期股息(如有)。 承董事會命 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之內容概不負責，對其準 確性或完整性亦不發表任何聲明，並明確表示，概不會就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之任何損失承擔任何責任 。 LH GROUP LIMITED 叙福樓集團有限公司 （於開曼群島註冊成立的有限公司） (股份代號：1978) 主席 黃傑龍 教授，銅紫荊星章，太平紳士 香港，二零二五年八月十五日 於本公告日期，董事會由以下人士組成，執行董事為黃傑龍 教授，銅紫荊星章，太平紳士 及高秀芝女士；及獨立非執行董事為單日堅先生 銀紫荊星章，香港懲教事務卓越獎章，太平 紳士 、洪爲民 教授，太平紳士 及麥錦釗先生。 叙福樓集團有限公司 ...