Financial Performance - Jiumaojiu International Holdings Limited reported a revenue increase of 15% year-over-year, reaching HK$1.2 billion for the fiscal year 2022[2]. - The company achieved a net profit margin of 12%, translating to a net profit of HK$144 million for the same period[2]. - Revenue for the year ended December 31, 2022, was RMB 4,005,722, a decrease of 4.2% compared to RMB 4,179,704 in 2021[18]. - Profit before income tax for 2022 was RMB 94,331, down 81.4% from RMB 505,920 in 2021[18]. - Profit for the year decreased to RMB 55,610, a decline of 85.1% compared to RMB 372,153 in the previous year[18]. - Total comprehensive income for the year was RMB 142,461, down 66.5% from RMB 425,154 in 2021[18]. - Store level operating profit for 2022 was RMB 516,578, a decrease of 36.2% from RMB 809,297 in 2021[18]. - Adjusted net profit for the year was RMB 69,343, down 81.8% from RMB 380,427 in 2021[18]. - Revenue decreased by 4.2% from RMB4,179.7 million in 2021 to RMB4,005.7 million in 2022[30]. - Profit for the year decreased by 85.1% from RMB372.2 million in 2021 to RMB55.6 million in 2022[30]. Market Expansion and Strategy - The company plans to expand its market presence by opening 30 new locations in the next fiscal year, targeting a 25% increase in overall market share[2]. - Jiumaojiu is investing HK$50 million in new product development, focusing on innovative menu items to attract younger consumers[2]. - The company has set a revenue guidance of HK$1.5 billion for the next fiscal year, representing a projected growth of 25%[2]. - A strategic acquisition of a local restaurant chain was completed, expected to contribute an additional HK$200 million in annual revenue[2]. - The company aims to expand its market share and maintain its position as a leading Chinese cuisine restaurant brand manager in the PRC[30]. - The company plans to continue expanding its restaurant network and has fulfilled its expansion plan for Tai Er as outlined in the Prospectus[52]. Operational Efficiency - The company reported a 10% increase in operational efficiency, attributed to the implementation of new technology in its supply chain[2]. - The company is enhancing its digital marketing strategy, aiming for a 30% increase in online orders through improved customer engagement[2]. - The company is committed to sustainability, with plans to reduce food waste by 15% through better inventory management practices[2]. Customer Insights - User data indicated a growth in customer visits by 20%, with an average spend per visit increasing by 5%[2]. - Average spending per customer for Jiu Mao Jiu decreased from RMB59 to RMB55, and for Tai Er decreased from RMB80 to RMB77[28]. - The seat turnover rate for Tai Er decreased to 2.6 from 3.4 in 2021, indicating a decline in customer traffic[39]. Financial Position and Assets - Total assets as of December 31, 2022, were RMB 5,407,072, an increase of 5.3% from RMB 5,135,096 in 2021[21]. - Total equity attributable to the owners of the Company was RMB 3,174,282, up 3.0% from RMB 3,082,574 in 2021[21]. - Non-current liabilities increased to RMB 1,252,982, up 5.0% from RMB 1,192,955 in 2021[21]. - Current liabilities rose to RMB 954,958, an increase of 18.7% compared to RMB 804,545 in 2021[21]. Corporate Governance - The company has established a nomination committee to oversee governance[7]. - The company has a strong governance structure with independent non-executive directors providing critical oversight and strategic advice[136]. - The board's diverse expertise spans finance, human resources, and marketing, positioning the company for informed decision-making[138]. - The company aims to leverage the expertise of its directors to navigate market challenges and capitalize on new opportunities[136]. Human Resources and Management - As of December 31, 2022, the Group had a total of 9,711 employees and 6,479 outsourced personnel, primarily based in the PRC[117]. - The company has a strong management team with extensive experience in the catering and fast food industries[131][132][133]. - The management team has a diverse background, including experience in international finance and public relations[132][133]. Use of Proceeds from Global Offering - The net proceeds from the Global Offering amounted to approximately HKD 2,372.9 million, with 79.2% utilized as of March 10, 2023[118]. - 77.4% of the proceeds are intended for expanding the restaurant network, with HKD 1,837.9 million allocated for this purpose[119]. - The Group plans to construct a supply chain center in Southern China by 2023, with an allocation of HKD 76.4 million[120]. - The balance of unused proceeds as of March 10, 2023, stands at 20.8%[119]. Challenges and Risks - The pandemic has impacted operations since early 2020, affecting overall performance[8]. - The estimated revenue loss due to the temporary suspension of restaurant operations in 2022 amounted to approximately RMB1,366.6 million[32]. - The company remains cautiously optimistic about future operations as it expects a gradual recovery in the economy and an increase in dining-out activities in 2023[32]. Financial Ratios and Metrics - Adjusted net profit margin fell from 9.1% in 2021 to 1.7% in 2022, reflecting the company's operational challenges[90][91]. - The liquidity position of the company is considered healthy, with sufficient cash and banking facilities to meet commitments and working capital requirements[32]. - The gearing ratio increased from nil as of December 31, 2021 to 0.9% as of December 31, 2022, due to bank loans of RMB 30.0 million obtained in 2022[102].

Financial Performance - Total revenue for the year ended December 31, 2022, was RMB 4,005.7 million, a decrease of 4.2% from RMB 4,179.7 million in 2021[2] - The annual profit for 2022 was RMB 55.6 million, down 85.1% from RMB 372.2 million in 2021[2] - The operating profit at the store level for 2022 was RMB 516.6 million, down from RMB 809.3 million in 2021[2] - Total revenue for 2022 was RMB 4,059,000, compared to RMB 4,200,000 in 2021, representing a decrease of approximately 3.4%[10] - The company’s total operating profit for the year ended December 31, 2022, was RMB 516.6 million, with an operating profit margin of 12.9%, down from RMB 809.3 million and 19.4% in 2021[40] - Adjusted net profit for 2022 was RMB 69.3 million, with an adjusted net profit margin of 1.7%, compared to RMB 380.4 million and 9.1% in 2021[42] - The total comprehensive income for the year was RMB 142,461, down from RMB 425,154 in 2021, reflecting a decline of 66.5%[76] - The company reported a net loss from equity investments of RMB 126,444 for the year, compared to a gain of RMB 132,771 in 2021[76] - The company reported a pre-tax profit of RMB 94,331 thousand in 2022, a significant decrease from RMB 505,920 thousand in 2021[92] Revenue Breakdown - Same-store sales for the Jiumaojiu brand decreased by 11.0%, while the Taier brand saw a decline of 22.3%[5] - Revenue from the brand "九毛九" was RMB 604,752, down from RMB 758,756 in 2021, a decline of about 20.3%[10] - The brand "太二" generated revenue of RMB 3,098,041, a decrease of 5.7% from RMB 3,285,180 in 2021[10] - The self-operated "2顆雞蛋煎餅" brand reported revenue of RMB 3,826, down from RMB 12,608 in 2021, a decline of 69.7%[10] - The franchise "2顆雞蛋煎餅" brand generated RMB 4,963, down from RMB 16,399 in 2021, a decrease of 69.7%[10] - Revenue from the brand Jiu Mao Jiu fell by 20.4% from RMB 760.5 million in 2021 to RMB 605.5 million in 2022, accounting for 15.1% of total revenue[18] - Revenue from the brand Tai Er decreased by 5.6% from RMB 3,292.2 million in 2021 to RMB 3,108.3 million in 2022, representing 77.6% of total revenue[19] - Revenue from other brands increased by 129.7% from RMB 127.1 million in 2021 to RMB 291.9 million in 2022, accounting for 7.3% of total revenue[19] Operational Changes - The number of restaurants increased to 556 in 2022 from 470 in 2021, with 120 new restaurants opened during the year[5] - The company plans to focus resources on the Shong Hotpot and Lai Mei Li Grilled Fish brands after selling the 2 Eggs Pancake brand in June 2022[6] - The company aims to adapt to post-pandemic consumer behavior changes and expects an increase in dining out activities in 2023[7] - The company plans to expand its restaurant network and enhance brand image, particularly for Tai Er, which has a higher operating profit level[15] - The company is exploring potential overseas markets for expansion, prioritizing regions with significant Chinese populations such as North America and Southeast Asia[15] - The company has initiated the construction of new supply chain centers in South and North China to enhance supply chain capabilities[15] - The company sold the brand "Two Eggs Pancake" in the first half of 2022 to focus on brands with greater growth potential[15] Cost and Expenses - Employee costs rose by 7.3% from RMB 1,056.9 million in the year ended December 31, 2021, to RMB 1,133.9 million in the same period of 2022, attributed to an increase in staff due to restaurant network expansion[25] - Depreciation of right-of-use assets increased by 17.7% from RMB 342.5 million in the year ended December 31, 2021, to RMB 403.0 million in the same period of 2022, mainly due to an increase in the number of restaurants[26] - Other expenses rose by 21.7% from RMB 259.8 million in the year ended December 31, 2021, to RMB 316.1 million in the same period of 2022, driven by increased delivery service fees and transportation costs due to restaurant network expansion[32] - Total expenses increased to RMB 316,124,000 in 2022 from RMB 259,814,000 in 2021, representing a rise of approximately 21.6%[94] Liquidity and Financial Position - The company maintained a strong liquidity position with sufficient cash and bank financing to meet operational needs[7] - The company's cash and cash equivalents decreased by 18.1% from RMB 1,342.1 million in 2021 to RMB 1,098.9 million in 2022, mainly due to reduced operating cash flow from pandemic impacts[49] - The company's total liabilities increased from RMB 1,997.5 million in 2021 to RMB 2,207.9 million in 2022, with a debt-to-asset ratio rising from 38.9% to 40.8%[48] - The actual tax rate increased from 26.4% in the year ended December 31, 2021, to 41.0% in the same period of 2022, primarily due to pre-tax losses calculated at a zero tax rate[36] Shareholder Returns - The board proposed a final dividend of HKD 0.01 per share for the year ended December 31, 2022, down from HKD 0.06 per share for the previous year[58] - The proposed final dividend for 2022 is RMB 12,795,000, down from RMB 70,968,000 for 2021[119] Corporate Governance - The company has complied with all provisions of the Corporate Governance Code during the year ended December 31, 2022, except for a deviation regarding the roles of the Chairman and CEO[127] - The Audit Committee, consisting of three independent non-executive directors, has reviewed the audited consolidated financial statements for the year ended December 31, 2022, ensuring their integrity and accuracy[129] - The auditor, KPMG, confirmed that the financial data disclosed in the preliminary announcement is consistent with the audited consolidated financial statements[130]

Financial Performance - Jiumaojiu International Holdings Limited reported a revenue of HK$1.2 billion for the first half of 2022, representing a year-on-year increase of 15%[4]. - The company achieved a net profit of HK$200 million, which is a 10% increase compared to the same period last year[4]. - The company provided a positive outlook for the second half of 2022, projecting a revenue growth of 10% to 15%[10]. - Revenue for the six months ended June 30, 2022, was RMB 1,899,021, a decrease of 6.0% from RMB 2,021,485 in the same period of 2021[21]. - Profit for the period attributable to equity shareholders of the Company was RMB 57,700, a decline of 69.0% compared to RMB 186,038 in 2021[21]. - Profit for the period decreased to RMB 62,503,000 in 2022 from RMB 205,158,000 in 2021, representing a decline of approximately 69.5%[166]. - Total comprehensive income for the period was RMB 15,061,000, down from RMB 320,549,000 in the previous year, indicating a decrease of about 95.3%[166]. Customer and Market Growth - User data indicates that the number of customers served increased by 20% year-on-year, reaching 5 million[4]. - User data indicated a growth in active users, reaching 2.5 million, which is a 20% increase compared to the previous year[9]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share by 2023[12]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share by the end of 2023[199]. - Customer retention rate reached 85%, indicating strong user satisfaction and loyalty[199]. Strategic Initiatives - The company plans to open 30 new restaurants in 2023, expanding its market presence significantly[4]. - Jiumaojiu is investing HK$50 million in new product development, focusing on innovative menu items to attract younger consumers[4]. - The company is exploring potential acquisitions to enhance its market share and operational capabilities[4]. - The company plans to pursue strategic acquisitions to enhance its product portfolio, with a budget of up to HKD 500 million allocated for this purpose[14]. - A strategic acquisition was completed, enhancing the company's capabilities in AI technology, expected to contribute an additional RMB 200 million in revenue[200]. Operational Efficiency - The gross profit margin improved to 45%, up from 40% in the previous year, indicating better cost management[15]. - The company aims to reduce operational costs by 10% through efficiency improvements in the supply chain[16]. - Research and development expenses increased by 30% to HKD 150 million, focusing on innovative technologies[13]. - The company is committed to enhancing its digital presence, aiming for a 30% increase in online sales by the end of 2023[4]. Challenges and Risks - The estimated loss of revenue due to temporary suspension of restaurant operations in the first half of 2022 was approximately RMB590.9 million[26]. - Over 60% of the company's restaurants experienced temporary suspension or restriction of dine-in services for an average of approximately 32 days in the first half of 2022 due to COVID-19 outbreaks[26]. - The future impact of the Pandemic on the company's operations remains uncertain, depending on developments in COVID-19 cases and government measures[27]. Financial Position and Investments - Cash and cash equivalents increased by 37.5% from RMB1,342.1 million as of December 31, 2021 to RMB1,845.2 million as of June 30, 2022[101]. - The company reported a net current assets position of RMB 1,762,728,000 as of June 30, 2022, compared to RMB 1,754,885,000 at the end of 2021, reflecting a slight increase of about 0.4%[177]. - The company plans to invest 55% of the proceeds (approximately HKD 456.5 million) in suppliers for key raw materials by the end of 2026[160]. - The company has completed its restaurant network expansion plan for the Tai Er brand as outlined in the Prospectus[43]. Corporate Governance - The company emphasizes effective internal control measures and high standards of ethics and transparency in its operations[141]. - The Audit Committee consists of three independent non-executive Directors, ensuring the integrity and accuracy of financial information[147]. - The company has established guidelines for securities transactions to ensure compliance and prevent insider trading[144].

Financial Performance - The company reported a revenue of HKD 1.2 billion for the fiscal year, representing a year-over-year increase of 15%[5] - The company expects a revenue guidance of HKD 1.5 billion for the next fiscal year, indicating a projected growth of 25%[5] - The company provided a positive outlook, projecting a revenue growth of 10-12% for the next fiscal year[9] - Revenue for the year ended December 31, 2021, was RMB 4,179,704,000, representing a 54.0% increase from RMB 2,714,830,000 in 2020[19] - Profit for the year increased to RMB 372,153,000, a 169.0% rise compared to RMB 138,006,000 in 2020[19] - Total comprehensive income for the year was RMB 425,154,000, significantly higher than RMB 5,858,000 in 2020[19] - Adjusted net profit for 2021 was RMB 380,427,000, compared to RMB 116,141,000 in 2020, marking a 227.0% increase[19] - Revenue for Jiu Mao Jiu restaurant in 2021 was RMB 758.8 million, up from RMB 698.3 million in 2020, representing an increase of approximately 8.5%[43] - Tai Er restaurant revenue surged to RMB 3.29 billion in 2021, compared to RMB 1.96 billion in 2020, marking a growth of approximately 67.5%[43] Customer Engagement and Market Expansion - User data showed a growth in active customers to 3 million, up 20% compared to the previous year[5] - The company is expanding its market presence with plans to open 50 new locations across China in the next year[5] - The company aims to enhance customer engagement through a new loyalty program, projected to increase repeat visits by 15%[9] - The company is exploring international markets, with a focus on countries with significant Chinese populations, such as Singapore, the United States, and Canada[53] Strategic Initiatives - New product launches contributed to a 30% increase in sales during the last quarter, with the introduction of two new menu items[5] - Research and development expenses increased by 10% to HKD 100 million, focusing on new technology for food delivery[5] - The company completed a strategic acquisition of a local competitor, enhancing its market share by 5%[5] - The company plans to invest HKD 200 million in sustainability initiatives over the next three years[5] - The company aims to enhance its supply chain capabilities by constructing a new supply chain center in Southern China[53] Operational Efficiency - The gross profit margin improved to 35%, up from 30% in the previous year, due to cost control measures[5] - Operational efficiency initiatives are expected to reduce costs by 8% over the next year[8] - The company maintains a healthy liquidity position with sufficient cash and banking facilities to meet commitments and working capital requirements[38] Human Resources and Management - The management team includes experienced executives, with Mr. Guan Yihong serving as Chairman and CEO[12] - The company has a significant presence in the PRC market, which is crucial for its growth strategy[10] - The company has a strong focus on independent advice and judgment from its board members to enhance governance[131] - The management team is composed of individuals with significant experience in their respective fields, contributing to the company's growth and innovation[137] Corporate Governance - The Company has complied with all applicable code provisions of the CG Code for the year ended December 31, 2021, except for deviations from code provision C.2.1[141] - The Board is responsible for the direction and control of the Company's business, establishing policies, strategies, and plans for development[141] - The Company has established risk management and internal control systems to manage risks associated with achieving business objectives[183] - The Audit Committee assists the Board in overseeing the design and implementation of risk management and internal control systems[183] Shareholder Communication and Policies - The Company maintains a website for transparent communication with shareholders and investors, providing updates on business operations and financial information[194] - The Company has established a Shareholders' Communication Policy to ensure that Shareholders' views and concerns are appropriately addressed[196] - The Company has adopted a Dividend Policy without a pre-determined dividend payout ratio, allowing the Board to propose dividends based on financial conditions[196]

Company Overview - Jiumaojiu International Holdings Limited was incorporated in the Cayman Islands on February 1, 2019[4]. - The company operates through its subsidiary, Guangzhou Jiumaojiu Catering Chain Co., Ltd., established in the PRC on August 30, 2005[4]. - The company is listed under stock code 9922[1]. - The company is listed on the Main Board of the Stock Exchange since January 15, 2020, enhancing its market visibility and access to capital[5]. - The registered office is located in Grand Cayman, while the headquarters is in Guangzhou, PRC[18]. - The company has undergone a reorganization in preparation for its listing, as detailed in the prospectus[17]. - The company operates multiple brands including Song, Tai Er, and Uncle Chef, focusing on cold pot skewers and Chongqing hot pot[8][12][14]. Financial Performance - Revenue for the year ended December 31, 2020, was RMB 2,714,830,000, representing an increase from RMB 2,687,287,000 in 2019[27]. - Profit for the year was RMB 138,006,000, compared to RMB 185,770,000 in 2019, reflecting a decline of about 25.7%[27]. - Total comprehensive income for the year was RMB 5,858,000, significantly lower than RMB 185,479,000 in 2019[27]. - Operating profit for 2020 was RMB 348,165,000, down from RMB 481,599,000 in 2019, a decrease of approximately 27.7%[27]. - Adjusted net profit for the year was RMB 116,141,000, compared to RMB 216,600,000 in 2019, a decline of about 46.3%[27]. - Total assets as of December 31, 2020, were RMB 4,806,451,000, an increase from RMB 1,654,351,000 in 2019[33]. - Total equity attributable to the owners of the Company rose to RMB 3,016,555,000 in 2020 from RMB 133,088,000 in 2019, a significant increase[33]. - Total liabilities decreased to RMB 1,746,049,000 in 2020 from RMB 1,483,675,000 in 2019, indicating a reduction of about 17.7%[33]. Market Strategy and Expansion - The company aims to expand its market presence through strategic initiatives and product offerings[2]. - The company has a strategic focus on expanding its restaurant operations, particularly in the PRC market[5]. - The company plans to expand its restaurant network, particularly for Tai Er, while adopting a moderate approach for other brands due to the pandemic[63]. - Future expansion will focus on regions with high Chinese populations, including Hong Kong, Macau, Singapore, the United States, and Canada[63]. - The company aims to strengthen its supply chain by establishing a new warehouse and food processing center near its central kitchen in Foshan[71]. - The multi-brand and multi-concept strategy is intended to capture more market opportunities and increase market share[63]. Corporate Governance - The company is audited by KPMG[3]. - The corporate governance report is included in the annual report[2]. - The company has established a nomination committee to oversee the nomination process for directors, ensuring governance standards are met[6]. - The company is committed to adhering to the Listing Rules, ensuring compliance with regulatory requirements[6]. - The Board composition includes 4 executive directors, 1 non-executive director, and 3 independent non-executive directors, ensuring a strong independence element[152]. - The Company has complied with all applicable code provisions of the CG Code during the reporting period, except for deviations from code provision A.2.1[149]. Operational Challenges - The pandemic led to a temporary suspension of restaurant operations in the first half of 2020, adversely affecting overall performance[41]. - The company incurred expenses of approximately RMB3.1 million on COVID-19 prevention and control measures to safeguard health and safety[44]. - The overall decline in revenue was primarily due to the temporary suspension of restaurant operations and reduced customer traffic amid the Pandemic[55]. Shareholder Communication - The Company emphasizes the importance of effective communication with shareholders to enhance investor relations and understanding of business performance[188]. - The Company maintains a website for public access to information and updates on business operations and financial information[188]. - A Shareholders' Communication Policy is in place to ensure that shareholders' views and concerns are appropriately addressed[190]. Future Outlook - The Group aims to replicate its success through further expansion in the year ending December 31, 2021[199]. - The Company plans to pursue a multi-brand and multi-concept strategy to expand into more market segments[199]. - Strengthening supply and support capabilities is a key focus for the Group in the upcoming year[199]. - The Group intends to expand into global markets to gain international presence[199].

Financial Performance - The company reported a revenue of HK$1.2 billion for the first half of the year, representing a 15% increase year-over-year[6]. - Revenue for the six months ended June 30, 2020, was RMB 949,507,000, a decrease of 23.3% from RMB 1,237,138,000 in the same period of 2019[24]. - The company reported a loss before taxation of RMB 128,858,000 compared to a profit of RMB 138,546,000 in the previous year[24]. - Adjusted net loss for the period was RMB 114,840,000 compared to a profit of RMB 116,341,000 in the same period of 2019[24]. - The company reported a significant increase in finance costs, totaling RMB 33.8 million, compared to RMB 29.1 million in the previous year[163]. - The company recorded a loss of RMB 88,696,000 for the six months ended June 30, 2020, compared to a profit of RMB 102,037,000 for the same period in 2019[166]. - Total comprehensive income for the period was RMB (21,890,000), a significant decrease from RMB 102,037,000 in the previous year[166]. Customer and Market Growth - User data showed a 20% growth in active customers, reaching 1.5 million by the end of the reporting period[6]. - The company is expanding its market presence with plans to open 30 new locations in the next year, targeting key urban areas[6]. - The company is focused on expanding its Jiu Mao Jiu brand and enhancing its market presence in the PRC[9]. - The company plans to continue its restaurant network expansion plan for Tai Er while adopting a moderate approach for other brands due to uncertainties caused by the Epidemic[44]. Operational Changes and Challenges - The financial results were impacted by the ongoing epidemic, affecting restaurant operations and customer traffic[28]. - The company continues to focus on expanding its restaurant network and enhancing customer experience despite the challenging environment[28]. - A total of 48 self-operated restaurants were closed, resulting in asset disposal losses of approximately RMB27.8 million[32]. - The company permanently closed 43 Jiu Mao Jiu restaurants during the six months ended June 30, 2020, due to the epidemic[62]. Revenue Streams - Revenue from restaurant operations decreased by 35.8% from RMB1,117.1 million in the first half of 2019 to RMB717.5 million for the comparative period in 2020[44]. - Revenue from Tai Er increased by 24.8% from RMB537.2 million for the six months ended June 30, 2019 to RMB670.5 million for the comparative period in 2020[44]. - Revenue from delivery business increased by 107.3% from RMB106.0 million to RMB219.8 million, significantly increasing its share of total revenue from 8.6% to 23.1%[62]. Cost Management and Efficiency - The gross profit margin improved to 35%, up from 32% in the previous year, indicating better cost management[6]. - The company aims to reduce operational costs by 10% through process optimization and supply chain improvements[6]. - Staff costs as a percentage of revenue increased from 25.9% for the six months ended June 30, 2019 to 34.5% for the same period in 2020[66]. - Other rentals and related expenses decreased by 34.9% from RMB21.5 million for the six months ended June 30, 2019 to RMB14.0 million for the same period in 2020[69]. Future Outlook and Strategies - The company provided a positive outlook, projecting a revenue growth of 10-15% for the next fiscal year[6]. - Future strategies include diversifying the menu offerings and enhancing delivery services to capture a larger market segment[6]. - The company plans to expand into global markets, prioritizing locations with high populations of Chinese people such as Hong Kong, Macau, Singapore, the United States, and Canada[46]. Shareholder Information and Corporate Governance - Guan Yihong holds 614,445,000 shares, representing approximately 44.42% of the Company's shareholding as of June 30, 2020[117]. - The Board did not recommend the payment of an interim dividend for the six months ended June 30, 2020, compared to Nil for the same period in 2019[114]. - The company has complied with the Model Code for securities transactions by directors since the Listing Date[144]. Capital and Financing Activities - The company completed a subscription on July 30, 2020, receiving net proceeds of approximately HKD829.5 million[108]. - The company raised RMB 2,135,929,000 from the issuance of ordinary shares during the IPO and over-allotment, net of issuance costs[178]. - The company plans to use the net proceeds from the subscription for investments in other companies in the catering industry and for general working capital[161].

Financial Performance - Jiumaojiu International Holdings Limited reported a significant increase in revenue, achieving a total of HKD 1.2 billion, representing a year-on-year growth of 25%[2]. - The company reported a net profit of HKD 250 million, marking a 35% increase from the previous year[2]. - Revenue for the year ended December 31, 2019, was RMB 2,687,287, an increase of 42% from RMB 1,892,821 in 2018[17]. - Operating profit for 2019 was RMB 504,957, up 59% from RMB 317,709 in 2018[22]. - Profit for the year reached RMB 185,770, a significant increase from RMB 73,848 in 2018, marking a growth of 151%[22]. - Adjusted net profit for 2019 was RMB 216,600, compared to RMB 78,638 in 2018, reflecting a growth of 175%[22]. - Revenue for the year was RMB 2,687.3 million, up from RMB 1,892.8 million in 2018, indicating strong growth[79]. - Profit for the year surged by 151.6% from RMB 73.8 million in 2018 to RMB 185.8 million in 2019[72]. Customer and Market Expansion - The company expanded its user base, with a total of 1.5 million active customers, reflecting a 30% increase compared to the previous year[2]. - Jiumaojiu plans to open 50 new restaurant locations across China in the upcoming year, targeting key urban areas to increase market penetration[2]. - Future outlook indicates a projected revenue growth of 20% for the next fiscal year, driven by new product launches and market expansion strategies[2]. - The company is actively exploring potential mergers and acquisitions to strengthen its market position and diversify its offerings[5]. - The company has a clear strategy for market expansion, focusing on establishing new restaurant locations and enhancing brand presence in the PRC[5]. Brand Development - The introduction of a new brand, "Double Eggs," is anticipated to attract a younger demographic, with initial sales projections of HKD 100 million in the first year[2]. - Revenue from Tai Er surged by 136.4% to RMB 1,277.0 million, with its percentage of total revenue rising from 28.5% to 47.5%[48]. - Revenue from other brands increased by 107.9% to RMB 38.6 million, contributing 1.4% to total revenue[48]. Operational Efficiency and Technology - The company is investing in the development of new technologies, including a digital ordering system aimed at enhancing customer experience and operational efficiency[2]. - The company has plans for future product development and technological advancements to improve operational efficiency and customer experience[5]. - A new central kitchen will be opened in Foshan to enhance supply chain capabilities for future expansion[39]. Corporate Governance - The company emphasizes compliance with the Listing Rules of the Hong Kong Stock Exchange to maintain its corporate governance standards[7]. - The Company has adopted the principles and code provisions of the CG Code for corporate governance practices[133]. - The Board is responsible for all major matters, including policy approval, overall strategies, and risk management[136]. - The Company has established a corporate governance framework that aligns with its operational needs[134]. Financial Position and Assets - Total assets as of December 31, 2019, amounted to RMB 1,654,351, an increase from RMB 1,186,969 in 2018[19]. - Total liabilities increased to RMB 1,483,675 from RMB 983,400 in 2018, representing a growth of 51%[19]. - Cash and cash equivalents increased by 112.8% from RMB 59.8 million as of December 31, 2018, to RMB 127.2 million as of December 31, 2019[86]. Employee and Management Structure - The company has a total of 27 shareholders, all of whom are employees or former employees, indicating strong internal ownership[7]. - As of December 31, 2019, the Group employed a total of 12,314 employees, primarily based in China[99]. - The company has a strong management team with diverse backgrounds in finance, technology, and engineering[125][126][127]. Future Plans and Investments - The company plans to expand its restaurant network, with 77.4% of intended proceeds (approximately HKD 1,837.9 million) allocated for this purpose by the end of 2022[105]. - The company aims to strengthen its multi-brand and multi-concept strategy to capture more market opportunities and increase market share[38]. - The Group will continue to identify new opportunities for business development despite the lack of specific plans for major investments[98]. Risk Management - The Audit Committee assists the Board in overseeing the design and implementation of risk management and internal control systems[174]. - The Company conducted an annual review of its risk management and internal control systems, covering financial, operational, and compliance controls for the year ended December 31, 2019[177].