Financial Performance - The company's revenue for the fiscal year ending March 31, 2023, was HKD 2,594.6 million, representing a 14.0% increase from HKD 2,275.3 million in the previous year[9]. - Operating profit decreased by 6.6% to HKD 445.4 million, down from HKD 476.7 million, resulting in an operating profit margin of 17.2%, down from 20.9%[11]. - The company reported a pre-tax profit of HKD 176,005, a decrease of 28.2% from the previous year, and an annual profit of HKD 140,953, down 30.6%[23]. - The profit margin for the fiscal year was 5.4%, reflecting the challenges faced in the market[23]. - The net profit for the fiscal year 2023 was HKD 141.0 million, down from HKD 203.0 million in the fiscal year 2022, with basic earnings per share at HKD 0.105 compared to HKD 0.175 in the previous year[48]. - The company’s profit attributable to ordinary equity shareholders for the year was HKD 140,953,000, a decrease of 30.5% from HKD 202,960,000 in the previous year[171]. Revenue Breakdown - The revenue from Hong Kong was HKD 2,452,667, up 10.4% from HKD 2,221,773, while revenue from mainland China and overseas markets surged by 165.2% to HKD 141,946 from HKD 53,525[15]. - For the fiscal year 2023, the company's revenue reached HKD 2,594.6 million, representing a 14.0% increase compared to HKD 2,275.3 million in the fiscal year 2022[46]. - The comparable restaurant revenue in Hong Kong decreased by 9.0% in the first half of the fiscal year 2023, but the overall decline for the year was only 2.2% due to improvements in the second half[49]. - In Singapore, the company achieved revenue of HKD 64.2 million in FY2023, a year-on-year growth of 149.8%, with average bowls sold per seat increasing by 32.1% to 3.7[62]. Cost and Expenses - The cost of food and beverages increased by 19.7%, while employee costs rose by 13.2%, contributing to the decline in operating profit margin[11]. - Employee costs rose to HKD 828,579, an increase of 14.6% from HKD 722,808 in the previous year[164]. - Food and beverage costs increased by 19.7% from HKD 518.3 million in fiscal year 2022 to HKD 620.3 million in fiscal year 2023, representing 23.9% of total revenue[94]. - Utilities expenses rose by 37.9% from HKD 53.0 million in fiscal year 2022 to HKD 73.1 million in fiscal year 2023, representing 2.8% of total revenue[101]. - Depreciation and related expenses for right-of-use assets increased by 19.3% from HKD 418.4 million in fiscal year 2022 to HKD 499.3 million in fiscal year 2023[98]. - Advertising and promotional expenses rose by 30.9% from HKD 46.6 million in fiscal year 2022 to HKD 61.0 million in fiscal year 2023, driven by brand-building activities in new markets[116]. Expansion and Growth Strategy - The company plans to open approximately 50 new restaurants in various regions during the fiscal year 2024, aiming to expand its market presence[6]. - The company opened a total of 20 new restaurants in Hong Kong, mainland China, Singapore, and Japan during the fiscal year 2023, bringing the total to 215 restaurants by March 31, 2023[46]. - The company plans to expand its brand internationally, with a focus on Western markets starting in the fiscal year 2024, despite challenges from the macroeconomic environment[41]. - The company is investing in automation technology to enhance operational efficiency and support future expansion[85]. Marketing and Customer Engagement - The company is focusing on enhancing product and service quality to maintain its brand value in Hong Kong, especially after the lifting of border restrictions[5]. - Marketing activities are planned in the Greater Bay Area to capitalize on economic recovery opportunities following the reopening of borders[6]. - New marketing initiatives, including the launch of mobile apps and promotional campaigns, have been implemented to drive customer engagement and sales[50]. - The company successfully attracted approximately 450,000 independent members to its CRM system within a few months, demonstrating the effectiveness of its digital transformation strategy[38]. Community and Social Responsibility - The company has expanded its scholarship program, increasing the total amount from HKD 1.0 million to HKD 3.0 million, supporting 60 awardees[1]. - The company has established the "Tam Jai Charity Fund" to support ESG initiatives, focusing on community enrichment, people-centric projects, and green initiatives[39]. - The company introduced a charity NFT called "Souper Hero," which achieved a 10x oversubscription during its whitelist phase[14]. Operational Efficiency - The company implemented cost control measures and improved operational efficiency despite challenges, maintaining employee costs at a similar level compared to the previous fiscal year[68]. - The company is expanding its supplier network to mitigate rising food costs and improve supply chain efficiency[85]. - The company aims to enhance its CRM and mobile app functionalities to improve operational excellence and customer experience, which will contribute to brand value and revenue growth[38]. Assets and Liabilities - The non-current assets increased by 10.0% to HKD 1,161,080 from HKD 1,055,739, while current assets remained relatively stable with a slight increase of 0.1%[25]. - The current ratio decreased to 2.4 from 2.6, indicating a slight decline in liquidity[25]. - Cash and cash equivalents amounted to HKD 1,375.7 million as of March 31, 2023, compared to HKD 1,365.2 million as of March 31, 2022, with no interest-bearing bank or other borrowings[134]. - Total non-current liabilities increased to HKD 502,625 from HKD 443,050, representing a rise of 13.4%[146].
谭仔国际(02217) - 2023 - 年度业绩