Financial Performance - Revenue for the six months ended June 30, 2025, was RMB 2,290,375, representing a 23.1% increase compared to RMB 1,859,826 for the same period in 2024[4]. - Profit before tax for the same period was RMB 277,881, up 28.8% from RMB 215,694 in 2024[4]. - Net profit for the six months ended June 30, 2025, was RMB 233,900, a 34.1% increase from RMB 174,459 in 2024[4]. - Adjusted net profit increased by 40.4% to RMB 251,366 from RMB 179,045 in the previous year[4]. - Basic earnings per share rose to RMB 0.42, a 27.3% increase from RMB 0.33 in 2024[4]. - Total comprehensive income for the period was RMB 229,786, compared to RMB 175,631 in 2024[6]. - The basic earnings per share for the six months ended June 30, 2025, was RMB 0.416, compared to RMB 0.328 for the same period in 2024, reflecting a growth of 26.8%[22]. - The diluted earnings per share for the same period was RMB 0.413, an increase from RMB 0.325 in 2024, representing a growth of 27.0%[24]. - The adjusted net profit for the six months ended June 30, 2025, was RMB 251.4 million, an increase of 40.4% from RMB 179.0 million for the same period in 2024[77]. - The adjusted net profit margin for the six months ended June 30, 2025, was 11.0%, up from 9.6% in the previous year[77]. Revenue Breakdown - Restaurant operations generated revenue of RMB 1,757,899,000, up 13.2% from RMB 1,553,311,000 in 2024, while takeaway business revenue increased by 74.5% to RMB 524,186,000 from RMB 300,988,000[14]. - The group’s takeaway business revenue surged by 74.2% from RMB 301.0 million in 2024 to RMB 524.2 million in 2025, accounting for 22.9% of total revenue[55]. - Other business revenue grew by 50.0% from RMB 5.5 million to RMB 8.3 million, mainly due to increased product sales[62]. - The overall same-store sales decreased by 1.7% compared to the previous year, attributed to changing consumer behavior in the current economic environment[54]. Assets and Liabilities - Non-current assets as of June 30, 2025, totaled RMB 1,851,737, an increase from RMB 1,791,283 at the end of 2024[7]. - Current assets increased significantly to RMB 1,769,372 from RMB 673,062 at the end of 2024[7]. - The company's equity attributable to shareholders rose to RMB 1,741,800 from RMB 770,733 at the end of 2024[8]. - Cash and cash equivalents increased to RMB 1,130,412 from RMB 247,152 at the end of 2024[7]. - Trade receivables amounted to RMB 24,960,000 as of June 30, 2025, compared to RMB 22,550,000 as of December 31, 2024, reflecting an increase of about 10.7%[26]. - Trade payables increased to RMB 285,717,000 as of June 30, 2025, from RMB 221,361,000 as of December 31, 2024, marking a rise of about 29.1%[28]. - Inventory decreased by 19.7% from RMB 67.2 million as of December 31, 2024, to RMB 54.0 million as of June 30, 2025, due to improved inventory management[79]. - Total assets increased from RMB 2,464.3 million as of December 31, 2024, to RMB 3,621.1 million as of June 30, 2025[83]. Employee and Operational Metrics - As of June 30, 2025, the group has a total of 11,915 full-time employees, with employee costs amounting to RMB 591.1 million for the six months ending June 30, 2025[92]. - Employee costs rose by 23.1% from RMB 480.3 million to RMB 591.1 million, maintaining a stable percentage of 25.8% of revenue[65]. - The average number of shares outstanding increased to 562,223,106 for the six months ended June 30, 2025, from 532,759,406 in 2024, marking an increase of 5.5%[23]. - The weighted average number of ordinary and preferred shares issued was 566,347,558, an increase from 536,413,695 in 2024, representing a growth of approximately 5.5%[25]. Corporate Governance and Compliance - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited interim results for the six months ending June 30, 2025, and found them compliant with applicable accounting standards[100]. - The company has adopted corporate governance practices since its listing date, ensuring high standards of governance to protect shareholder interests[93]. - The company is committed to adhering to the corporate governance code as outlined in the listing rules[103]. - The company will continue to review and monitor its corporate governance practices to maintain high standards[93]. Future Plans and Market Strategy - The management highlighted the growth potential in the casual Chinese dining sector, driven by increasing consumer demand for quality dining experiences in China[40]. - The company plans to strengthen its market position through menu refinement, service quality enhancement, and strict food safety controls[58]. - The company will continue to invest in technology and digital marketing to drive standardized and scalable expansion[58]. - The company is focused on market expansion and potential mergers and acquisitions as part of its growth strategy[106]. - The company plans to continue exploring new business development opportunities beyond the disclosed use of proceeds from the global offering[91]. Special Dividends and Shareholder Returns - A special dividend of RMB 202,527,000 was approved for distribution to equity shareholders, reflecting the company's commitment to returning value to shareholders[32]. - The board has proposed a special dividend of HKD 0.33 per share, which was approved by shareholders on July 21, 2025[101].
绿茶集团(06831) - 2025 - 中期业绩