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]
九毛九(09922) - 2021 - 年度财报