Financial Performance - Nayuki Holdings Limited reported a revenue of HK$1.2 billion for the fiscal year 2021, representing a year-on-year increase of 30%[2]. - The company achieved a net profit of HK$150 million, which is a 25% increase compared to the previous year[2]. - The company reported a revenue of RMB 1.2 billion for the year ended December 31, 2021, representing a year-over-year increase of 25%[15]. - Revenue for 2021 reached RMB 4,296,618, an increase from RMB 3,057,181 in 2020, representing a growth of 40.5%[25]. - The Group recorded revenue of RMB 4,296.6 million for the Reporting Period, representing a 40.5% increase compared to RMB 3,057.2 million in 2020[72]. - The revenue from freshly-made tea drinks was RMB 3,186,988 thousand, accounting for 74.2% of total revenue, while baked products contributed RMB 940,054 thousand, representing 21.9%[39]. - The company expects revenue growth of 20% to 25% for the upcoming fiscal year, driven by new product launches and market expansion[16]. - The company aims for a revenue growth target of 20% for the next fiscal year[2]. User Engagement and Market Expansion - User data indicated that the number of active users reached 5 million, up 40% from the previous year[2]. - User data indicated a total of 5 million active users, with a 30% increase compared to the previous year[16]. - The company plans to open 200 new stores in 2022, expanding its market presence significantly[2]. - The company plans to expand its market presence by opening 100 new stores across key cities in China within the next year[16]. - The company aims to increase its online sales channel contribution to 40% of total sales by the end of the next fiscal year[16]. - The company plans to continue expanding its market presence and investing in new product development to drive future growth[25]. - The company aims to expand its market presence primarily in existing Tier 1 and New Tier 1 cities, focusing on cultivating consumer habits for high-end freshly-made tea drinks[48]. Product Development and Innovation - Nayuki Holdings Limited is investing HK$300 million in new product development, focusing on innovative tea beverages[2]. - New product lines are set to be introduced, including a range of health-focused beverages aimed at capturing a growing health-conscious consumer segment[16]. - The company has initiated a strategic partnership with a leading technology firm to enhance its supply chain efficiency[2]. - The company is investing RMB 200 million in technology development to improve supply chain efficiency and customer experience[16]. Financial Challenges and Losses - Loss for the year amounted to RMB 4,525,524, compared to a loss of RMB 203,302 in 2020, indicating a significant increase in losses[26]. - Adjusted net loss margin for 2021 was (3.4)%, a decline from 0.5% in 2020, reflecting worsening profitability[26]. - The adjusted net loss (non-IFRS measure) turned from a profit of RMB 16.6 million in 2020 to a loss of RMB 145.3 million in 2021[29]. - The company reported a loss before taxation of RMB (4,529,629) in 2021, compared to RMB (190,095) in 2020, reflecting a substantial increase in pre-tax losses[26]. Operational Efficiency and Cost Management - The company reported a gross margin of 60%, maintaining a stable margin compared to the previous year[2]. - The gross margin for the reporting period was reported at 60%, reflecting improved operational efficiencies[15]. - Cost of materials for 2021 was RMB (1,400,674), up from RMB (1,159,322) in 2020, which is an increase of 20.8%[26]. - Staff costs in 2021 totaled RMB (1,424,358), compared to RMB (919,096) in 2020, marking a rise of 55%[26]. - The increase in staff costs was primarily due to the expiration of COVID-19-related labor cost benefits that were applicable in 2020[81]. - The reduction in material costs as a percentage of revenue was attributed to the introduction of multi-channel suppliers and optimization of product structure[80]. Store Operations and Performance - Store-level operating profit for Nayuki teahouses was RMB 591.5 million, representing an increase of approximately 68.4% compared to 2020[29]. - The store-level operating profit margin for Nayuki teahouses was 14.5% in 2021, an increase of approximately 2.3 percentage points compared to 2020[29]. - The average daily sales per teahouse in Shenzhen reached RMB 24.1 thousand, while the store-level operating profit margin was 21.7%[55]. - The average daily sales per teahouse in Shanghai were RMB 17.5 thousand, with a store-level operating profit margin of 11.6%[55]. - The number of regular Nayuki teahouses was 444, with an average daily sales of RMB 20.3 thousand and a profit margin of 17.5%[60]. Management and Governance - The board consists of eight directors, including three executive directors, two non-executive directors, and three independent non-executive directors[138]. - The management team has extensive experience in the food and beverage industry, contributing to the company's strategic direction[140]. - The company emphasizes the importance of human resources management, with a dedicated director overseeing HR strategies[159]. - The board's composition includes a balance of executive and independent directors to ensure effective governance[138]. Future Outlook and Strategic Initiatives - The management expressed confidence in achieving long-term growth through digital transformation initiatives[2]. - The Group plans to achieve positive free cash flow in 2022 while strictly controlling labor costs[69]. - The Group's strategy focuses on increasing store density in Tier 1 and key Tier 2 cities to enhance brand profile[68]. - The Group aims to open 350 new Nayuki teahouses in 2022, aligning with the plan stated in the Prospectus published on June 18, 2021[68].
奈雪的茶(02150) - 2021 - 年度财报