Shanghai XNG Holdings Limited 上海小南国控股有限公司 （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （股 份 代 號：3666） 截至二零二四年十二月三十一日止年度之 經審核年度業績公告 財務摘要 截至十二月三十一日止年度 二零二四年 二零二三年 變動百分比 增 加╱（減 少） 收 益 （人 民 幣 千 元） 314,356 450,539 (30.2%) 毛 利 （人 民 幣 千 元） 1 203,462 298,992 (32.0%) 毛利率2 64.7% 66.4% (1.7%) 年內虧損 （人 民 幣 千 元） (85,059) (47,170) 80.3% 淨虧損率3 (27.1%) (10.5%) 16.6% 每 股 虧 損－基 本 及 攤 薄 （人 民 幣 分） (3.9) (2.1) 每股股息總額 （人 民 幣 分） – – 餐廳數目 （於 十 二 月 三 十 一 日） 4 20 29 附 註： 1. 毛 利 乃 基 於 收 益 減 銷 售 成 本 計 算。 2. 毛 利 率 乃 基 於 毛 利 除 以 收 益 計 算。 3. 淨 虧 損 率 乃 以 ...

Financial Performance - The company's revenue for the six months ended June 30, 2024, was RMB 182.4 million, a decrease of RMB 59.9 million or 24.7% compared to RMB 242.3 million in the same period last year[4]. - Gross profit for the same period was RMB 119.0 million, down approximately RMB 43.4 million or 26.7% from RMB 162.4 million year-on-year[6]. - The net loss attributable to the company's owners was approximately RMB 29.4 million, an increase of RMB 26.3 million compared to the previous year's loss[6]. - The gross margin for the period was 65.2%, a decrease of 1.8% from 67.0% in the prior year[4]. - The net loss margin for the period was (16.1%), compared to (1.4%) in the same period last year, indicating a significant increase in losses[4]. - Total revenue for the six months ended June 30, 2024, decreased by 24.7% to RMB 182.4 million from RMB 242.3 million for the same period in 2023[10]. - Restaurant business revenue fell by 24.1% to RMB 179.6 million, down from RMB 236.6 million in the previous year, with comparable restaurant sales decreasing by RMB 23.5 million[11]. - The company reported a net loss of RMB 29.4 million for the six months ended June 30, 2024, compared to a loss of RMB 3.4 million in the same period in 2023, with a net loss margin increasing to 16.1%[21]. - The company reported a pre-tax loss of RMB 28,388,000 for the six months ended June 30, 2024, compared to a loss of RMB 1,584,000 for the same period in 2023[36]. Operational Changes - As of June 30, 2024, the company operated 21 restaurants, down from 31 restaurants in the previous year[4]. - The restaurant business generated revenue of RMB 179.6 million, while other income, including packaged food sales, contributed RMB 2.7 million[6]. - The company is focusing on expanding its presence in affluent and rapidly growing cities in mainland China and Hong Kong[6]. - Future strategies may include exploring new product offerings and enhancing operational efficiencies to improve financial performance[6]. - New restaurant openings contributed an increase of RMB 4.0 million to revenue during the six months ended June 30, 2024[11]. Cash Flow and Liquidity - For the six months ended June 30, 2024, the net cash inflow from operating activities was RMB 22.6 million, a decrease of RMB 20.6 million from RMB 43.2 million for the same period in 2023[23]. - Cash and cash equivalents decreased to RMB 8.4 million as of June 30, 2024, from RMB 66.4 million as of June 30, 2023[22]. - The net cash used in investing activities was RMB 7.9 million for the six months ended June 30, 2024, compared to a net cash inflow of RMB 3.2 million in the same period of 2023[24]. - The net cash used in financing activities decreased to RMB 26.1 million for the six months ended June 30, 2024, from RMB 33.1 million in the prior year[25]. - The company plans to continue measures to improve working capital and cash flow, including monitoring administrative expenses and operational costs closely[40]. Assets and Liabilities - The company’s debt as of June 30, 2024, was RMB 19.0 million, with a capital debt ratio of 247.9%[21]. - Non-current assets decreased from RMB 191,097 thousand to RMB 147,271 thousand, a decline of approximately 23%[33]. - Current assets decreased from RMB 64,913 thousand to RMB 46,046 thousand, a decline of approximately 29%[33]. - Total liabilities increased from RMB 234,809 thousand to RMB 237,904 thousand, an increase of approximately 1%[34]. - The company reported a net debt of RMB 104,981 thousand, compared to RMB 73,752 thousand in the previous period, indicating a worsening financial position[34]. - Total liabilities exceeded total assets by approximately RMB 104,981,000 as of June 30, 2024[40]. Shareholder Information - As of June 30, 2024, the company has a total issued share capital of 2,213,031,000 shares[89]. - Major shareholder Alpadis Group Holding AG holds 655,087,500 shares, representing approximately 29.60% of the total shares[90]. - Executive director Wang Huili holds 12,260,625 shares through a controlled company, representing approximately 0.55%[88]. - Non-executive director Wu Wen holds 62,592,681 shares through a controlled company, representing approximately 2.83%[88]. - Gu Tongshan, a major shareholder, holds 221,257,550 shares, representing approximately 10.00%[90]. Governance and Compliance - The company has adopted the Corporate Governance Code and has complied with applicable provisions during the six months ending June 30, 2024[100]. - The board of directors has confirmed compliance with the Standard Code for Securities Transactions by Directors during the six months ending June 30, 2024[101]. - The Audit Committee was established on August 30, 2011, in accordance with listing rules and corporate governance codes[105]. - The Audit Committee is responsible for reviewing and supervising the group's internal controls and financial reporting procedures[105]. Employee Compensation - Total employee costs for the six months ended June 30, 2024, were RMB 72.1 million, accounting for 39.5% of revenue, compared to RMB 81.6 million in the same period of 2023[30]. - The total remuneration for directors and key management personnel for the six months ended June 30, 2024, was RMB 1,267,000, down from RMB 4,190,000 in the same period of 2023[81]. - Employee benefits expenses, including directors' remuneration, totaled RMB 72,057 thousand, a decrease of 11.7% from RMB 81,569 thousand in the previous year[54]. Stock Options and Awards - The company has a total of 4,499,000 stock options that remain unexercised as of June 30, 2024[71]. - The stock reward plan was approved on December 20, 2019, and allows selected employees to receive shares without any cost[73]. - The company has not recognized any stock option expenses for the six months ended June 30, 2024[70]. - The 2019 Share Award Scheme allows for a total of 221,303,100 shares to be granted, representing 10% of the issued shares as of the interim report date[97]. - The maximum number of shares that can be granted to any selected employee under the 2019 Share Award Scheme is capped at 1% of the company's issued share capital, equating to 22,130,310 shares[97].

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 依 賴 該 等 內 容 而 引 致 的 任 何 損 失 承 擔 任 何 責 任。 附 註： 1. 毛 利 乃 基 於 收 益 減 銷 售 成 本 計 算。 2. 毛 利 率 乃 基 於 毛 利 除 以 收 益 計 算。 3. 淨 虧 損 率 乃 以 期 內 虧 損 除 以 收 益 計 算。 = | 海 | 小 | 南 | 国 Shanghai XNG Holdings Limited 上海小南国控股有限公司 （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （股 份 代 號：3666） 截至二零二四年六月三十日止六個月 之中期業績 | --- | --- | --- | --- | |-------------------------------|-----------------------------------------------------|-- ...

Financial Performance - Revenue for the year ended December 31, 2023, was RMB 450,539,000, representing a 38.4% increase from RMB 325,604,000 in 2022[6] - Gross profit for the same period was RMB 298,992,000, with a gross margin of 66.4%, slightly down from 67.5% in the previous year[6] - The net loss for the year was RMB 47,170,000, a 29.0% improvement compared to a net loss of RMB 66,436,000 in 2022[6] - Basic loss per share improved to RMB (2.1) from RMB (3.2), reflecting a 34.3% reduction in losses per share[6] - Total revenue increased from RMB 325.6 million in 2022 to RMB 450.5 million in 2023, representing a growth of 38.4%[86] - Restaurant business revenue rose from RMB 312.5 million in 2022 to RMB 441.6 million in 2023, an increase of 41.3%[87] - Comparable restaurant sales increased by RMB 163.4 million in 2023, a growth of 68.6% compared to 2022[91] - Loss attributable to equity holders of the parent company for 2023 was approximately RMB 45.4 million, a reduction of RMB 23.8 million from a loss of RMB 69.2 million in 2022[80] - Net loss for the year reduced from RMB 66.4 million in 2022 to RMB 47.2 million in 2023, with the net loss margin decreasing from 20.4% to 10.5%[95] Assets and Liabilities - Total assets decreased by 32.3% to RMB 256,010,000 from RMB 378,336,000 in the previous year[6] - As of December 31, 2023, the company's current liabilities exceeded its current assets by approximately RMB 169,896,000[189] - The total liabilities of the company exceeded its total assets by approximately RMB 73,752,000 as of December 31, 2023[189] - The company had cash and cash equivalents of approximately RMB 20,658,000 as of December 31, 2023[189] - The carrying amounts of property and equipment and right-of-use assets were approximately RMB 26,084,000 and RMB 115,462,000, respectively, as of December 31, 2023[192] Operational Changes - The number of restaurants decreased to 29 from 38, marking a 23.7% reduction in locations[6] - The company operated 24 "Shanghai Xiao Nan Guo" restaurants, one "Hui Gong Guan" restaurant, three "Nan Xiao Guan" restaurants, and one "Wolfgang Puck" restaurant in 2023[80] - The number of restaurants in mainland China decreased from 30 to 23 for the "Shanghai Xiao Nan Guo" and "Hui Gong Guan" brands, while revenue increased from RMB 229.3 million to RMB 338.0 million[81] - The group recruited approximately 544 employees in mainland China and Hong Kong, a decrease of 22% from 694 employees in the previous year[108] Shareholder and Governance - The company does not recommend a final dividend for the year ended December 31, 2023[12] - The board of directors consists of executive directors Gu Tongshan (Chairman) and Ping Guoqin, as well as non-executive directors Wang Huili and Wu Wen, and independent non-executive directors Lei Weiming, Liang Yaozu, Zhang Zhenyu, and Li Yuping[51] - Independent non-executive directors have confirmed their independence according to the listing rules, ensuring compliance with regulatory standards[52] - The company has a share incentive plan that awarded Gu Tongshan and Ping Guoqin 110,651,550 and 62,739,425 shares respectively, effective from November 25, 2021[65] - The company has adopted a board diversity policy since 2013, emphasizing the importance of diversity in achieving strategic goals and sustainable development[124] Risk Management and Compliance - The independent auditor's report highlighted significant uncertainties regarding the company's ability to continue as a going concern due to its financial position[189] - The company confirmed that its risk management and internal control systems are effective and sufficient as of December 31, 2023[161] - The company has established arrangements for employees to report concerns regarding financial reporting and internal controls[144] - The company emphasizes compliance with applicable laws and regulations in the Cayman Islands, mainland China, and Hong Kong[39] Environmental and Social Responsibility - The company has established environmental protection measures to reduce its impact on the environment, including the use of eco-friendly takeaway packaging[38] - The company has a policy in place to provide fair compensation and equal opportunities for employees[40] - The company has developed mutually beneficial relationships with suppliers, emphasizing corporate social responsibility in supplier selection[42] Financial Reporting and Audit - The company’s board of directors is responsible for the preparation of the consolidated financial statements for the year ending December 31, 2023, ensuring their accuracy and fairness[159] - The Audit Committee held three meetings during the year ended December 31, 2023, to review the company's annual and interim financial statements[143] - The annual audit fee payable to external auditors for the year ending December 31, 2023, was RMB 1.08 million, with no non-audit service fees paid[167] Future Outlook and Strategy - The management has adjusted strategies in response to challenges in the domestic economy, focusing on the development of small and medium-sized new business formats[110] - The group aims to optimize operational management costs and resource allocation to maintain stability and steady development during economic fluctuations[111] - The management is confident in overcoming current market challenges and is actively preparing resources for the next phase of development[111]

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 依 賴 該 等 內 容 而 引 致 的 任 何 損 失 承 擔 任 何 責 任。 Shanghai XNG Holdings Limited 上海小南国控股有限公司 （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （股 份 代 號：3666） 截至二零二三年十二月三十一日止年度之 經審核年度業績公告 | 財務摘要 | | | | | | | | | | | | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | | | | | ...

於開曼群島註冊成立的有限公司 股份代號: 3666 2023中期報告 目錄 | 2 | 公司資料 | | --- | --- | | 4 | 財務摘要 | | 5 | 管理層討論及分析 | | 10 | 中期簡明綜合損益表 | | 11 | 中期簡明綜合全面收益表 | | 12 | 中期簡明綜合財務狀況表 | | 14 | 中期簡明綜合權益變動表 | | 16 | 中期簡明綜合現金流量表 | | 18 | 中期簡明綜合財務報表附註 | | 39 | 其他資料 | 公司資料 董事會 執行董事 顧桐山先生 （主席） 平國琴女士 非執行董事 王慧莉女士 吳雯女士 獨立非執行董事 雷偉銘先生 張振宇先生 李毓平女士 公司秘書 朱卓婷女士 授權代表 顧桐山先生 朱卓婷女士 審核委員會 雷偉銘先生 （主席） 李毓平女士 張振宇先生 薪酬委員會 李毓平女士 （主席） 顧桐山先生 雷偉銘先生 張振宇先生 提名委員會 香港主要營業地點 香港 金鐘道89號 力寶中心二座 20樓2001室 中國總部及主要營業地點 中華人民共和國 上海長寧區 遵義路100號 A座16層1601-05室 註冊辦事處 Cricket Square, H ...

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依賴該等內容而引致的任何損失承擔任何責任。 Shanghai XNG Holdings Limited 上 海 小 南 国 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：3666） 截 至 二 零 二 三 年 六 月 三 十 日 止 六 個 月 之 中 期 業 績 財務摘要 截至六月三十日止六個月 二零二三年 二零二二年 變動百分比 （未經審核） （未經審核）（減少）╱增加 收益（人民幣千元） 242,268 145,120 66.9% 毛利（1 人民幣千元） 162,394 97,381 66.8% 毛利率2 67.0% 67.1% (0.1)% 期內虧損（人民幣千元） (3,407) (68,488) (95.0)% 淨虧損率3 (1.4)% (47.2)% 45.8% 餐廳數目（於六月三十日） 31 45 ...

於開曼群島註冊成立的有限公司 股份代號: 3666 年報 | 目錄 | | | --- | --- | | 2 | 公司資料 | | 4 | 財務摘要 | | 5 | 董事會報告 | | 22 | 管理層討論及分析 | | 28 | 企業管治報告 | | 40 | 董事 | | 42 | 獨立核數師報告 | | 47 | 綜合損益表 | | 48 | 綜合全面收益表 | | 49 | 綜合財務狀況表 | | 51 | 綜合權益變動表 | | 53 | 綜合現金流量表 | | 55 | 財務報表附註 | | 134 | 五年財務概要 | 公司資料 董事會 執行董事 顧桐山先生 （主席） 平國琴女士 非執行董事 王慧莉女士 吳雯女士 獨立非執行董事 雷偉銘先生 張振宇先生 李毓平女士 公司秘書 朱卓婷女士 授權代表 顧桐山先生 （主席） 朱卓婷女士 審核委員會 雷偉銘先生 （主席） 張振宇先生 李毓平女士 薪酬委員會 李毓平女士 （主席） 顧桐山先生 雷偉銘先生 張振宇先生 提名委員會 顧桐山先生 （主席） 雷偉銘先生 李毓平女士 張振宇先生 風險委員會 顧桐山先生 （主席） 雷偉銘先生 張振宇先生 李毓平女士 ...

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。 Shanghai XNG Holdings Limited 上海小南国控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：3666） 截 至 二 零 二 二 年 十 二 月 三 十 一 日 止 年 度 之 經 審 核 全 年 業 績 公 告 財務摘要 截至十二月三十一日止年度 變動百分比 二零二二年 二零二一年 增加╱（減少） 收益（人民幣千元） 325,604 691,517 (52.9%) 毛利（1 人民幣千元） 219,750 468,815 (53.1%) 毛利率2 67.5% 67.8% (0.3%) 年內虧損（人民幣千元） (66,436) (87,778) (24.3%) 純虧損率3 (20.4%) (12.7%) (7.7%) 每股虧損－基本和攤薄（人民幣分） (3.2) (3.9) ...

Shanghai XNG Holdings Limited 上海小南國控股有限公司 於開曼群島註冊成立的有限公司 股份代號: 3666 中 期 報 告 | --- | --- | --- | --- | |-------|-------|-------|--------------------------| | | | | | | | | | 目錄 | | | | | | | | | 2 | 公司資料 | | | | 4 | 財務摘要 | | | | 5 | 管理層討論及分析 | | | | 10 | 中期簡明綜合損益表 | | | | 11 | 中期簡明綜合全面收益表 | | | | 12 | 中期簡明綜合財務狀況表 | | | | 14 | 中期簡明綜合權益變動表 | | | | 16 | 中期簡明綜合現金流量表 | | | | 18 | 中期簡明綜合財務報表附註 | | | | 39 | 其他資料 | | | | | | | | | | | 公司資料 | --- | --- | |--------------------------------|----------------------------- ...