智通财经APP讯，1957 & CO.(08495)发布截至2025年6月30日止六个月的中期业绩，收益2.23亿港元， 同比减少3.73%;股东应占亏损276.3万港元，同比收窄36.51%;每股基本亏损0.72港仙。 ...

香 港 交 易 及 結 算 所 有 限 公 司 及 聯 交 所 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 就 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 之 任 何 損 失 承 擔 任 何 責 任。 1957 & Co. (Hospitality) Limited （股份代號：8495） （於開曼群島註冊成立的有限公司） 截 至2025年6月30日 止 六 個 月 的 中 期 業 績 公 告 香 港 聯 合 交 易 所 有 限 公 司（「聯 交 所」）GEM的 特 色 GEM的 定 位，乃 為 中 小 型 公 司 提 供 一 個 上 市 的 市 場，此 等 公 司 相 比 起 其 他 在 主 板 上 市 的 公 司 帶 有 較 高 投 資 風 險。有 意 投 資 的 人 士 應 了 解 投 資 於 該 等 公 司 的 潛 在 風 險，並 應 經 過 審 慎 周 詳 的 考 慮 後 方 作 出 投 資 決 定。 由 於GEM上 市 公 司 普 遍 為 ...

（於開曼群島註冊成立的有限公司） （股份代號：8495） 董事會會議通告 香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）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，並明確表示概不就因本公 告 全 部 或 任 何 部 分 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 之 任 何 損 失 承 擔 任 何 責 任。 1957 & Co. (Hospitality) Limited 1957 & Co. (Hospitality) Limited（「本公司」）董事（「董事」）會（「董事會」）宣佈，董事 會會議將於2025年8月22日（ 星期五 ）舉行，藉以商討（ 其中包括 ）下列事項： 承董事會命 1957 & Co. (Hospitality) Limited 副行政總裁兼執行董事 劉明輝 1. 考慮並批准本公司及其附屬公司截至2025年6月30日止六個月的未經審核綜合 業績（「中期 業績」），並通過批 准將中期業績 公告及2025 年中期報告草 稿刊登 於聯交所網站及本公司網站；及 2. 商議其他事務。 本公告將自刊發 日 期 超 計 最 少一 連 七 日 登 ...

FF301 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 I. 法定/註冊股本變動 截至月份: 2025年7月31日 狀態: 新提交 | 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) | 08495 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 3,800,000,000 | HKD | | 0.0001 | HKD | | 380,000 | | 增加 / 減少 (-) | | | 0 | | | | HKD | | 0 | | 本月底結存 | | | 3,800,000,000 | HKD | | 0.0001 | HKD | | 380,000 | 本月底法定/註冊股本總額： HKD 380,000 致：香港交易及結算所有限公司 第 1 頁 共 1 ...

Financial Performance - Total revenue for the year ended December 31, 2024, was approximately HKD 470.4 million, a decrease of about 0.3% compared to HKD 471.8 million in 2023[14] - The company reported a profit of approximately HKD 2.4 million for the year, compared to a loss of HKD 0.9 million in 2023, primarily due to reduced cost of goods sold and operating expenses[14] - The company has experienced a significant improvement in its financial performance, transitioning from a loss to a profit in the current fiscal year[14] - For the fiscal year ending December 31, 2024, the company's revenue decreased by approximately 0.3% to about HKD 470.4 million from HKD 471.8 million in the previous year[21] - The revenue generated from Shanghai-style restaurants increased by approximately HKD 39.6 million or about 21.4% to approximately HKD 224.5 million, primarily due to the opening of two new restaurants[24] - The revenue from Japanese restaurants decreased by approximately HKD 7.4 million or about 6.3% to approximately HKD 110.3 million, mainly due to the closure of a restaurant[25] - The revenue from Vietnamese restaurants decreased by approximately HKD 15.8 million or about 24.7% to approximately HKD 48.2 million, primarily due to the closure of a restaurant[26] - The revenue from Thai restaurants decreased by approximately HKD 15.9 million or about 30.1% to approximately HKD 36.9 million, attributed to a reduction in the number of operating restaurants[27] - The revenue from Italian restaurants decreased by approximately HKD 4.5 million or about 8.7% to approximately HKD 47.2 million, mainly due to a decline in sales at a specific restaurant[28] Assets and Liabilities - The total assets amounted to HKD 305.0 million, while total liabilities were HKD 234.2 million, resulting in a net asset value of HKD 70.8 million[11] - The total value of assets decreased from HKD 333.0 million in 2023 to HKD 305.0 million in 2024[11] - The company’s total liabilities decreased from HKD 261.7 million in 2023 to HKD 234.2 million in 2024[11] - The capital debt ratio improved to approximately 55.7% as of December 31, 2024, down from 71.5% as of December 31, 2023[46] Operational Strategy - The company operates thirteen restaurants in Hong Kong, including nine under its own brand and four under franchise agreements[14] - The strategy includes reducing the number of wholly-owned restaurants to focus on providing food management and franchising services, which is expected to enhance profitability and lower capital investment[14] - The company aims to achieve sustainable growth by balancing cost control and product quality through supply chain optimization and innovative cooking techniques[14] - Future plans involve further automation to reduce labor costs and improve cost efficiency[14] - The company is developing a new high-quality food series under the "家嘗菜" brand to diversify revenue sources and reduce reliance on traditional restaurant operations[18] - The company is committed to expanding its B2B2C platform "Shanghui" to enhance market presence and profitability while ensuring customer satisfaction[64] Employee and Operational Costs - Employee benefits expenses increased by approximately 2.3% from HKD 167.7 million for the year ending December 31, 2023, to HKD 171.5 million for the year ending December 31, 2024[31] - Depreciation and amortization expenses rose from approximately HKD 85.6 million for the year ending December 31, 2023, to HKD 89.2 million for the year ending December 31, 2024[32] - Rental expenses increased by approximately 19.4%, from HKD 9.8 million for the year ending December 31, 2023, to HKD 11.7 million for the year ending December 31, 2024[35] - The cost of goods sold was approximately HKD 119.7 million, accounting for about 25.6% of total revenue, a decrease from 26.7% in the previous year[30] Corporate Governance - The company has a diverse board with members holding qualifications in finance, law, and management[72] - The company is focused on regulatory compliance and maintaining high standards in corporate governance[75] - The board consists of four executive directors, one non-executive director, and three independent non-executive directors, ensuring compliance with GEM listing rules regarding board composition[171] - The company has established four board committees, including the Audit Committee, Remuneration Committee, Nomination Committee, and Strategy Development Committee, to oversee specific aspects of its affairs[168] - The company has implemented a board diversity policy to enhance performance by considering various factors such as gender, age, cultural background, and professional experience in board composition[173] - The audit committee reviews financial reports and internal control systems, ensuring their adequacy and effectiveness[190] Legal and Compliance - There are no significant legal proceedings or arbitration involving the company as of December 31, 2024[62] - The company has adhered to all relevant laws and regulations, with no significant violations reported during the year[150] - The company confirmed compliance with GEM Listing Rules regarding related party transactions, with no additional disclosures required for the year ending December 31, 2024[147] Shareholder Information - The board does not recommend a final dividend for the year ending December 31, 2024[53] - As of December 31, 2024, Real Hero Ventures Limited holds 274,350,000 shares, representing approximately 71.45% of the company's total shares[118] - The company has maintained at least 25% of its issued shares held by the public, in compliance with GEM Listing Rules[159] Future Outlook - The company plans to continue cautiously expanding its business and exploring opportunities for opening and investing in new restaurants[51] - The company anticipates that the relocation and renovation will not cause significant disruption to its business operations or financial condition[137] - The renewal of the Shili Yangchang lease is expected to have a positive impact on the company's future development[138]

Financial Performance - The group recorded revenue of approximately HKD 470.4 million for the year ending December 31, 2024, a decrease of about 0.3% compared to HKD 471.8 million for the year ending December 31, 2023[5]. - Adjusted profit before tax was approximately HKD 4.9 million, up from HKD 2.9 million in 2023[5]. - The group achieved a net profit after tax of approximately HKD 2.4 million, compared to a loss of HKD 0.9 million in 2023[5]. - The overall comprehensive income for the year was HKD 2.3 million, compared to a loss of HKD 1.0 million in 2023[7]. - The company reported a cumulative loss of HKD 40,304 million in 2024 compared to HKD 39,139 million in 2023, an increase in loss of approximately 3.0%[9]. - The company reported a pre-tax profit of HKD 2,831,000 for 2024, compared to a loss of HKD 474,000 in 2023[35]. - Basic loss per share for 2024 was HKD 0.30, an improvement from HKD 1.63 in 2023[37]. Dividends - The board of directors did not recommend a final dividend for the year ending December 31, 2024, consistent with 2023[5]. - No final dividend is recommended for the year ending December 31, 2024, consistent with 2023[46]. Assets and Liabilities - Total assets decreased from HKD 333,035 million in 2023 to HKD 305,038 million in 2024, a decline of approximately 8.4%[8]. - Non-current assets decreased from HKD 218,121 million in 2023 to HKD 175,039 million in 2024, a decrease of about 19.7%[8]. - Current assets decreased from HKD 99,621 million in 2023 to HKD 86,917 million in 2024, a reduction of approximately 12.8%[8]. - Total liabilities decreased from HKD 261,691 million in 2023 to HKD 234,194 million in 2024, a decline of about 10.5%[9]. - Non-current liabilities decreased from HKD 90,136 million in 2023 to HKD 80,345 million in 2024, a decrease of approximately 10.0%[9]. - Current liabilities decreased from HKD 165,179 million in 2023 to HKD 144,058 million in 2024, a reduction of about 12.8%[9]. - Total equity decreased slightly from HKD 71,344 million in 2023 to HKD 70,844 million in 2024, a decrease of about 0.7%[9]. - The company’s cash and cash equivalents decreased from HKD 64,766 million in 2023 to HKD 53,082 million in 2024, a decline of about 18.1%[8]. - The company’s total equity attributable to owners of the parent decreased from HKD 58,390 million in 2023 to HKD 57,109 million in 2024, a decrease of approximately 2.2%[9]. Operational Efficiency - Operating expenses decreased by approximately 3.5% year-over-year, contributing to the improved profitability[6]. - The group is focusing on enhancing operational efficiency and reducing costs to drive future profitability[6]. - The group reported a decrease in other operating expenses for the year ending December 31, 2024, primarily due to lower restoration costs from restaurant closures and relocations[70]. Market Strategy - The company plans to expand its market presence through strategic partnerships and new product offerings in the upcoming fiscal year[6]. - The group aims to reduce the number of wholly-owned restaurants and focus on providing restaurant management and franchising services, which has generated additional revenue[91]. - The group is developing a new series of quality food products under the "Home Taste" brand to diversify revenue sources and enhance market share[92]. Employee Costs - The group’s employee costs for 2024 were HKD 150,235,000, consistent with the previous year’s figure of HKD 145,271,000, reflecting a slight increase of approximately 3.3%[23][24]. - Employee benefits expenses increased from approximately HKD 167.7 million in 2023 to about HKD 171.5 million in 2024, reflecting a growth of approximately 2.3%[60]. Revenue by Segment - For the fiscal year ending December 31, 2024, total revenue from restaurant operations and consulting services amounted to HKD 497,439,000, a slight decrease from HKD 499,998,000 in 2023[23][24]. - Revenue from Shanghai-style restaurants increased by approximately HKD 39.6 million or 21.4% to about HKD 224.5 million for the fiscal year ending December 31, 2024[53]. - Revenue from Japanese restaurants decreased by approximately HKD 7.4 million or 6.3% to about HKD 110.3 million for the fiscal year ending December 31, 2024[54]. - Revenue from Vietnamese restaurants decreased by approximately HKD 15.8 million or 24.7% to about HKD 48.2 million for the fiscal year ending December 31, 2024[55]. - Revenue from Thai restaurants decreased by approximately HKD 15.9 million or 30.1% to about HKD 36.9 million for the fiscal year ending December 31, 2024[56]. - Revenue from Italian restaurants decreased by approximately HKD 4.5 million or 8.7% to about HKD 47.2 million for the fiscal year ending December 31, 2024[57]. Compliance and Governance - The group’s financial statements are prepared in accordance with Hong Kong Financial Reporting Standards and the Hong Kong Companies Ordinance, ensuring compliance with local regulations[14]. - The audit committee, consisting of three independent non-executive directors, has reviewed the consolidated financial statements for the year ending December 31, 2024, and believes they are prepared in accordance with applicable accounting standards[101]. - The consolidated financial statements have been confirmed by the company's auditors, ensuring consistency with the audited figures[102]. - The company emphasizes the importance of effective communication with shareholders to enhance understanding of its business and strategies[104]. - The company has established a shareholder communication policy to ensure timely and accessible information for shareholders and potential investors[105]. Future Outlook - The group continues to evaluate market competitiveness and is optimistic about future business success despite uncertainties in the business environment[93]. - The group plans to continue cautiously expanding its business and reviewing opportunities for opening and investing in new restaurants[81].

香 港 交 易 及 結 算 所 有 限 公 司 及 聯 交 所 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 就 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 之 任 何 損 失 承 擔 任 何 責 任。 1957 & Co. (Hospitality) Limited （股份代號：8495） （於開曼群島註冊成立的有限公司） 截 至2024年6月30日 止 六 個 月 的 中 期 業 績 公 告 香 港 聯 合 交 易 所 有 限 公 司（「聯 交 所」）GEM的 特 色 GEM的 定 位，乃 為 中 小 型 公 司 提 供 一 個 上 市 的 市 場，此 等 公 司 相 比 起 其 他 在 主 板 上 市 的 公 司 帶 有 較 高 投 資 風 險。有 意 投 資 的 人 士 應 了 解 投 資 於 該 等 公 司 的 潛 在 風 險，並 應 經 過 審 慎 周 詳 的 考 慮 後 方 作 出 投 資 決 定。 由 於GEM上 市 公 司 普 遍 為 ...

Financial Performance - Total revenue for the fiscal year 2023 was approximately HKD 471.8 million, a year-on-year increase of about 33.7% from HKD 352.9 million in 2022[13]. - The company reported a net loss of approximately HKD 0.9 million for 2023, compared to a net profit of HKD 3.3 million in 2022, primarily due to a decrease in other income and government subsidies[13]. - The group recorded a net other loss and income of approximately HKD 0.1 million for the year ended December 31, 2023, a significant decrease from a net other income of HKD 18.8 million in 2022, primarily due to the absence of government subsidies during the year[34]. - The group recorded a loss of approximately HKD 0.9 million for the year ended December 31, 2023, compared to a profit of HKD 3.3 million in 2022, primarily due to a decrease in other income and revenue from government subsidies[45]. - The company's distributable reserves as of December 31, 2023, were approximately HKD 61.8 million, down from HKD 68.1 million in 2022[119]. Assets and Liabilities - Total assets increased to HKD 333.0 million in 2023, up from HKD 251.5 million in 2022, reflecting a growth of approximately 32.3%[9]. - Total liabilities rose to HKD 261.7 million in 2023, compared to HKD 175.7 million in 2022, indicating an increase of about 49.0%[9]. - The total value of assets decreased from HKD 283.7 million in 2019 to HKD 333.0 million in 2023, indicating fluctuations in asset management over the years[9]. - As of December 31, 2023, the capital-to-debt ratio was approximately 71.5%, up from 53.8% in 2022, primarily due to new bank borrowings[54]. Revenue Sources and Business Expansion - The company plans to diversify its revenue sources by expanding into food supply chain operations and restaurant consulting businesses in Hong Kong and China[14]. - The company aims to enhance customer loyalty and brand influence through improved restaurant atmosphere, service quality, and menu options[14]. - The company aims to continue enhancing restaurant quality and exploring organic growth and investment opportunities for sustainable long-term expansion[18]. - The company is launching a new line of private label products, including Chinese soup dumplings and Iberian ham, marking a significant milestone in innovation and quality[72]. Restaurant Operations - The company operates a total of 13 restaurants in Hong Kong, including 9 under its own brand and 4 under franchise or licensing arrangements[15]. - The company opened two new restaurants in Hong Kong during the year, with one located in Tsim Sha Tsui and the other in Shatin[20]. - Revenue from Shanghai-style restaurants increased by approximately 47.8% to about HKD 184.9 million, primarily due to the new restaurant opened in July 2023[26]. - Revenue from Japanese restaurants rose by approximately 62.8% to about HKD 117.7 million, mainly driven by the new restaurant opened in January 2023[28]. - Revenue from Thai restaurants decreased by approximately 22.7% to about HKD 52.8 million, attributed to the closure of two underperforming locations[29]. - Revenue from Vietnamese restaurants increased by approximately 47.8% to about HKD 64.0 million, benefiting from the lifting of social distancing measures[30]. - Revenue from Italian restaurants rose by approximately 23.1% to about HKD 51.7 million, also benefiting from the removal of social distancing measures[31]. Employee and Operational Expenses - Employee benefits expenses increased by approximately 25.8% to HKD 167.7 million in 2023, accounting for 35.5% of total revenue, down from 37.8% in 2022, reflecting the need to maintain adequate workforce levels[36]. - Cost of goods sold amounted to HKD 125.8 million for the year ended December 31, 2023, representing 26.7% of total revenue, compared to HKD 102.0 million and 29.1% in 2022, indicating a reduction in the percentage due to cost-cutting measures[35]. - Depreciation and amortization expenses rose to approximately HKD 85.6 million in 2023, representing 18.1% of total revenue, up from 17.3% in 2022, attributed to new restaurants and additional property, plant, and equipment[37]. - Rental expenses increased by approximately 92.2% to HKD 9.8 million in 2023, accounting for 2.1% of total revenue, compared to 1.4% in 2022, driven by increased revenue from restaurants[42]. Corporate Governance and Management - The company appointed Mr. Huang Yongde as Chief Financial Officer on June 5, 2023, who has over 8 years of experience in accounting, auditing, and business consulting[95]. - The company has a strong marketing and communications team led by Ms. Chen Xingming, who has over 20 years of industry experience[96]. - The company is focused on corporate governance and compliance, with Mr. Zeng Haoyan serving as the company secretary since June 5, 2023, bringing extensive experience in corporate finance and business law[98]. - The company has independent non-executive directors with diverse backgrounds, including Mr. Yan Kangzhuo and Mr. Xuan Tingzhang, who contribute to the audit and remuneration committees[90][94]. - The company emphasizes the importance of compliance with the Securities and Futures Ordinance, as highlighted by Mr. Xuan's qualifications and experience[90]. Shareholder and Stock Options - Major shareholder Real Hero Ventures Limited holds 274,350,000 shares, representing approximately 71.45% of the company's total shares[139]. - The group reported no final dividend for the year ending December 31, 2023, consistent with the previous year[111]. - The board has approved a share option scheme to incentivize selected participants for their contributions to the group[141]. - The stock option plan will be effective for a period determined by the board, not exceeding ten years from the grant date[142]. - No stock options have been granted under the stock option plan as of December 31, 2023[147]. Lease Agreements and Property Management - The company signed three lease agreements to renew existing restaurant locations, extending lease terms until 2026[21]. - The total cost for the lease agreement of Phase I of Lee Garden is approximately HKD 15.9 million[158]. - The lease term for Phase II of Lee Garden is from October 8, 2022, to January 31, 2029, totaling approximately 6 years and 4 months[158]. - The company plans to relocate its restaurants before the termination of the Phase I lease, ensuring no significant disruption to operations[162]. - The renewal of the lease agreements is expected to have a positive impact on the company's future development based on past performance[164]. Compliance and Legal Matters - The company has complied with all relevant laws and regulations without any major violations during the year[176]. - The audit committee reviewed the accounting principles and policies adopted by the group for the year ending December 31, 2023[181]. - The company has maintained a minimum public float of 25% of its total issued shares as required by the GEM listing rules[184]. - The company has appointed PwC as the auditor for the year ending December 31, 2023, with no changes in the auditor for the past three years[185].

Financial Performance - The group recorded revenue of approximately HKD 471.8 million, an increase of about 33.7% compared to the previous year[6]. - The group reported a loss of approximately HKD 0.9 million after tax, compared to a profit of HKD 3.3 million in 2022[6]. - Adjusted profit before tax was approximately HKD 2.9 million, compared to an adjusted loss of HKD 11.6 million in 2022[6]. - The group's comprehensive loss for the year was HKD 1.007 million, compared to a comprehensive income of HKD 2.914 million in 2022[8]. - The basic and diluted loss per share for the year was HKD 1.63, compared to HKD 0.14 in the previous year[7]. - The company reported a net loss of HKD 1,544,000 for the year ended December 31, 2023, compared to a net profit of HKD 4,317,000 in the previous year[26]. - The group reported a net loss of HKD 18.8 million for the year ended December 31, 2023, compared to a net profit in the previous year[62]. - The company reported a basic loss attributable to owners of the company of HKD (6,246) thousand for 2023, compared to HKD (533) thousand in 2022, indicating a worsening financial position[38]. Revenue Breakdown - Total revenue for the restaurant operations and consulting services reached HKD 499,998,000, with HKD 471,105,000 coming from external customers[22]. - For the year ended December 31, 2023, total revenue from restaurant operations and consulting services was HKD 471,849,000, compared to HKD 352,877,000 in 2022, representing a year-over-year increase of approximately 33.6%[30]. - The revenue generated from Shanghai-style restaurants increased by approximately 47.8% from about HKD 125.1 million to approximately HKD 184.9 million, primarily due to the opening of a new restaurant in July 2023[55]. - Revenue from Japanese restaurants rose by approximately 62.8% from about HKD 72.3 million to approximately HKD 117.7 million, attributed to a new restaurant opened in January 2023[56]. - Revenue from Vietnamese restaurants increased by approximately 47.8% from about HKD 43.3 million to approximately HKD 64.0 million, benefiting from the lifting of social distancing measures[59]. - Revenue from Italian restaurants grew by approximately 23.1% from about HKD 42.0 million to approximately HKD 51.7 million, also benefiting from the removal of social distancing measures[60]. - Revenue from Thai restaurants decreased by approximately 22.7% from about HKD 68.3 million to approximately HKD 52.8 million, mainly due to the closure of two restaurants[58]. Expenses and Costs - The group experienced a significant increase in operating expenses, including employee benefits, which rose to HKD 167.7 million from HKD 133.3 million in the previous year[7]. - Total operating expenses for 2023 amounted to HKD 51,626 thousand, up from HKD 45,286 thousand in 2022, reflecting a year-over-year increase of approximately 14%[32]. - Employee benefits expenses increased to approximately HKD 167.7 million, representing 35.5% of total revenue, up from 37.8% in the previous year[62]. - Cost of goods sold amounted to approximately HKD 125.8 million for the year ended December 31, 2023, representing 26.7% of total revenue, compared to HKD 102.0 million and 29.1% in 2022, indicating a reduction in the percentage due to cost-cutting measures[64]. - Depreciation and amortization expenses rose to approximately HKD 85.6 million for the year ended December 31, 2023, representing 18.1% of revenue, up from 17.3% in 2022, attributed to new restaurants and equipment[68]. - Rental expenses increased by approximately 92.2% to HKD 9.8 million for the year ended December 31, 2023, accounting for 2.1% of revenue, compared to 1.4% in 2022, driven by increased restaurant revenue[74]. Assets and Liabilities - Total assets increased to HKD 333,035,000 in 2023 from HKD 251,523,000 in 2022, representing a growth of 32.3%[10]. - Total liabilities increased to HKD 261,691,000 in 2023 from HKD 175,742,000 in 2022, marking a rise of 49.0%[11]. - The company's equity attributable to owners decreased to HKD 58,390,000 in 2023 from HKD 64,716,000 in 2022, a decline of 9.9%[11]. - Cash and cash equivalents increased to HKD 64,766,000 in 2023 from HKD 54,175,000 in 2022, reflecting a growth of 19.5%[10]. - Trade payables rose to HKD 22,444,000 in 2023, compared to HKD 19,539,000 in 2022, an increase of 9.8%[11]. - The capital debt ratio as of December 31, 2023, was approximately 71.5%, an increase from 53.8% in 2022, primarily due to new bank borrowings[85]. Strategic Initiatives - The group continues to focus on expanding its restaurant operations and consulting services as part of its growth strategy[21]. - The group plans to continue opening new restaurants and expanding its network, anticipating increases in rental and depreciation expenses in the future[70]. - The group plans to diversify revenue sources by expanding into various businesses, including food supply chain operations in Hong Kong and China[101]. - New products under the company's own brand will include a range of items such as Chinese soup packs and pre-packaged meals, reflecting the company's commitment to innovation[101]. - The company opened two new restaurants in Hong Kong during the fiscal year ending December 31, 2023, and closed two loss-making restaurants[49]. - The company has extended lease agreements for three existing restaurants in Hong Kong, with new lease terms ranging from 2024 to 2026[50]. Governance and Communication - The audit committee has reviewed the consolidated financial statements for the year ending December 31, 2023, and believes they are prepared in accordance with applicable accounting standards[110]. - The company emphasizes the importance of effective communication with shareholders to promote understanding of its business and strategies[113]. - The company has established a shareholder communication policy to ensure timely and comprehensive information dissemination[115]. - The audit committee has reviewed the effectiveness of the shareholder communication policy as of December 31, 2023, and considers it effective[116]. - The company expresses gratitude to its customers, business partners, and shareholders for their continuous support[117].

智通财经APP讯，1957 & CO.(08495)发布公告，于2024年3月11日，Mango Tree (HK) Limited( 公司间接 全资附属公司)作为租户与业主就租赁康城的该等物业订立租赁协议，租期自2024年3月31日起至2028年 3月30日止为期4年( 可选择重续多2年至2030年3月30日 )。集团计划于该等物业以“御‧家上海”商号营运 上海菜新餐厅。该等物业为香港新界将军澳康城路1号康城3楼333号舖。 公告称，公司主要业务为投资控股。集团主要从事经营各种品牌的全服务式餐厅，致力为不同的顾客提 供高质素日本料理、泰国菜、越南菜、上海菜及意大利菜。除经营餐厅业务外，集团亦在香港及中国提 供餐饮管理及咨询服务。集团在香港经营上海菜餐厅方面拥有经验，目前在形点、奥海城、东港城及围 方经营4间提供上海菜的餐厅。经考虑( 其中包括 )该等物业周边现有餐厅、集团现有餐厅( 特 别 是 提 供 上 海 菜 的 餐 厅 )的 表 现 、 客 户 对集 团 现 有 餐 厅 的 反 馈 意 见 及 要求、该等物业的位置及该 等物业附近可资比较物业的现行市价，董事会认为租赁协议的条款属公平合理，而订立租赁协 ...