HAIDILAO(06862)2023-04-25 13:59Financial Performance - The total revenue for the year ended December 31, 2022, was RMB 34,740.96 million, a decrease of 15.5% compared to RMB 41,111.62 million in 2021[2] - Revenue from continuing operations for the year was RMB 31,038.63 million, down 20.6% from RMB 39,096.73 million in 2021[3] - The net profit for the year was RMB 1,373.22 million, a significant recovery from a loss of RMB 4,161.21 million in 2021[2] - The basic earnings per share for 2022 was RMB 0.25, recovering from a loss of RMB 0.78 in 2021[2] - The company's total revenue decreased by 20.6% from RMB 39,096.7 million in 2021 to RMB 31,038.6 million in 2022[9] - Revenue from restaurant operations accounted for 93.3% of total revenue in 2022, amounting to RMB 28,942.6 million, a decrease of 22.9% compared to RMB 37,547.0 million in 2021[10] - Same-store sales for the overall business decreased from RMB 22,391.6 million in 2021 to RMB 19,159.5 million in 2022, representing a decline of approximately 14.3%[14] - The company reported a net profit from continuing operations of RMB 1,637.3 million for the year ended December 31, 2022, compared to a loss of RMB 3,247.8 million in the previous year[42] Restaurant Operations - The number of restaurants operated by the company increased to 1,371 as of December 31, 2022, compared to 1,349 in 2021[3] - The company opened 24 new restaurants in 2022 while reopening 48 previously closed locations and closing 50 underperforming restaurants[4] - The average table turnover rate remained stable at 3.0 times per day for both 2022 and 2021[3] - The number of customers served in Greater China reached 276.3 million in 2022, with registered members exceeding 116.0 million[7] - The number of restaurants in the community operation model increased from fewer than 450 at the beginning of 2022 to over 1,400 by the end of the year, covering more than 300 cities[6] - Revenue from restaurants in mainland China totaled RMB 28,990.8 million in 2022, down from RMB 37,667.5 million in 2021, indicating a decrease of about 23.1%[17] Cost Management - Employee costs decreased by 26.6% from RMB 13,950.2 million in 2021 to RMB 10,239.8 million in 2022, representing 33.0% of total revenue[19] - Material and consumable costs fell by 25.2% from RMB 17,243.3 million in 2021 to RMB 12,906.4 million in 2022, accounting for 41.6% of total revenue[18] - Financial costs decreased by 18.7% from RMB 582.7 million in 2021 to RMB 473.9 million in 2022, primarily due to reduced interest expenses[26] Product Development and Marketing - In 2022, the company launched 12 new products and optimized 16 existing products, with a total of 127 regional new products introduced[5] - The company executed 10 marketing projects in 2022, achieving a total of 3.77 billion views and clicks[6] - The average customer spending increased from RMB 102.3 in 2021 to RMB 104.9 in 2022[10] - The company launched over 1,000 products on its online store, including seasonal items and collaborations with well-known brands[7] Financial Health and Assets - Cash and cash equivalents increased from RMB 5,766.8 million as of December 31, 2021, to RMB 6,300.8 million as of December 31, 2022, primarily due to increased net cash from operating activities and reduced capital expenditures due to slower business expansion[29] - Total liabilities decreased to RMB 7,232,090 thousand from RMB 9,885,869 thousand in 2021, indicating improved financial health[45] - Long-term debt decreased significantly to RMB 2,045,942 thousand from RMB 3,796,228 thousand in 2021, reflecting a reduction in leverage[45] - The company's net asset value stood at RMB 7,456,092 thousand, slightly down from RMB 7,928,625 thousand in the previous year[45] Future Plans and Strategic Initiatives - The company plans to continue focusing on external environment and internal management improvements in 2023[5] - The company plans to continue enhancing its internal operational infrastructure and improve the efficiency of private traffic operations in 2023[6] - The company plans to continue enhancing the dining experience, investing in innovation and new technologies, and strategically seeking acquisitions to diversify its restaurant business and customer base[41] Shareholder Information - The company declared a final dividend of approximately RMB 549.791 million for the year ended December 31, 2022, subject to shareholder approval[67] - The board of directors proposed a final dividend of HKD 0.116 per share (equivalent to RMB 0.102), subject to approval at the annual general meeting on June 7, 2023[95] - The annual report for the year ended December 31, 2022, will be sent to shareholders on April 2023 and published on the company's website[97]