TAM JAI INTL-谭仔国际(02217) - 2025 - 中期财报

Financial Performance - Revenue for the first half of 2024 reached HK $1,403,524, representing a 1.2% increase from HK$ 1,387,369 in the first half of 2023[12]. - Profit for the period decreased to HK $36,068, down 55.8% from HK$ 81,629 in the same period last year[12]. - Profit margin for the first half of 2024 was 2.6%, a decline from 5.9% in the first half of 2023[12]. - Basic earnings per share for the first half of 2024 were HK 2.7 cents, compared to HK 6.1 cents in the first half of 2023[12]. - Revenue for the six months ended 30 September 2024 reached HK $1,403.5 million, with a profit of HK$ 36.1 million, reflecting modest growth despite challenging market conditions[15]. - The Group recorded a profit for the period of HK $36.1 million in 1H2025, down from HK$ 81.6 million in 1H2024[24]. - Operating profit decreased by 16.4% from HK $257.0 million in 1H2024 to HK$ 214.8 million in 1H2025, with an operating profit margin decline from 18.5% to 15.3%[81]. - The Group's overall operating profit margin for restaurant operations was 15.3%, down from 18.5% in the previous period[81]. Revenue Sources - The Hong Kong market accounted for 93.9% of the Group's total revenue during the reporting period, despite challenges from a sluggish economy and weak consumer sentiment[24]. - Revenue from restaurant operations in Hong Kong rose modestly by 1.7% year on year to HK $1,318.1 million in 1H2025, demonstrating the Group's agility and resilience[26]. - Revenue from markets outside of Hong Kong was HK$ 85.4 million in 1H2025, down from HK $91.3 million in 1H2024, with a widened loss[24]. - Revenue from Hong Kong operations increased by 1.7% to HK$ 1,318.1 million, while revenue from Mainland China and overseas markets decreased by 7.2% to HK $84.7 million[92]. - Revenue from external customers and a joint venture for the six months ended 30 September 2024 was$ 1,403,524,000, an increase from $1,387,369,000 in the same period of 2023, representing a growth of approximately 1%[199]. Restaurant Operations - The number of restaurants increased to 222 in the first half of 2024, up from 208 in the first half of 2023[7]. - The restaurant network expanded to 235 outlets as of 30 September 2024, demonstrating growth in the company's operational footprint[15]. - The total number of self-operated restaurants reached 198 as of 30 September 2024, following nine net openings during the reporting period[27]. - The Group plans to open five new stores under the "TamJai" and "SamGor" brands in Hong Kong in the second half of FY2025, bringing the total to over 200 restaurants[49]. - The Group plans to open four new restaurants under the "Marugame Seimen" and "Yakiniku Yamagyu" brands in Hong Kong in the second half of FY2025[52]. Cost Management - The cost-to-revenue ratio for food and beverages consumed was relatively stable at 24.0% in 1H2025, compared to 23.6% in 1H2024[24]. - The staff cost-to-revenue ratio increased slightly to 32.8% in 1H2025 from 31.5% in 1H2024[24]. - Handling charges increased by 67.3% compared to the previous year, reflecting a rise in delivery order volume[81]. - The Group implemented enhanced procurement strategies to stabilize food costs amid inflationary pressures in the global supply chain[24]. - The Group will implement rigorous cost control measures to enhance efficiency and optimize costs across all markets[70]. Expansion Plans - The company plans to continue expanding its restaurant network in both Hong Kong and Mainland China[14]. - The company plans to open its first franchise store in Melbourne, Australia in late November 2024, with two additional stores expected in the second half of FY2025, marking a significant milestone in overseas expansion[18]. - The Group has established a strategic partnership with Hextar Retail Berhad in Malaysia, with the first restaurant expected to open in Kuala Lumpur in 2025, marking a significant step in Southeast Asian market expansion[59]. - Franchise arrangements in the Philippines are progressing well, with the first franchise set to debut in 2025, expected to enhance overall profitability[61]. - The Group aims to optimize operations in Japan by expanding the restaurant network and enhancing brand recognition, while consolidating operations in Mainland China and Singapore to improve performance and accelerate breakeven[62]. Employee and Training Initiatives - As of September 30, 2024, the company had 3,522 employees, with remuneration packages including basic salary, discretionary bonuses, and equity settled share-based payments[154]. - Employee remuneration is based on work experience, qualifications, and market salary levels, with bonuses linked to financial performance and mystery shopper scores[154]. - The company provided training for frontline restaurant staff in operational procedures, customer service, food safety, and sanitation[154]. - Management staff received on-the-job training in cost control, complaints handling, and environmental, social, and governance issues[154]. Sustainability and Community Engagement - The Group's sustainability initiatives include launching a reusable cutlery set and educating staff on sustainability through creative video content[41]. - The Group awarded approximately HK$ 1.5 million in scholarships to 41 employees' children to support their local university education in 1H2025[48]. Financial Position - Non-current assets as of September 30, 2024, were HK $1,108,385, a slight decrease of 0.7% from HK$ 1,116,291 as of March 31, 2024[12]. - Current assets decreased by 1.2% to HK $1,487,804 from HK$ 1,506,633 as of March 31, 2024[12]. - Current liabilities remained relatively stable, decreasing by 0.1% to HK $645,771 from HK$ 646,278 as of March 31, 2024[12]. - Net assets as of September 30, 2024, were HK $1,445,241, down from HK$ 1,485,501[171]. - Cash and cash equivalents as at 30 September 2024 were HK $1,345.8 million, slightly down from HK$ 1,351.5 million as at 31 March 2024[141].