Revenue and Profit Performance - Revenue for the year ended March 31, 2022, was HK$2,275,298, representing a 26.8% increase from HK$1,794,693 in the previous year[26]. - Profit for the year decreased to HK$202,960, down 29.5% from HK$287,792 in the prior year[26]. - Profit margin for the year was 8.9%, compared to 16.0% in the previous year[26]. - Adjusted profit for the year, excluding government subsidies and listing expenses, was HK$165,453, an increase of 17.8% from HK$140,438[26]. - Profit attributable to equity shareholders for FY2022 was HK$203.0 million, down from HK$287.8 million in FY2021, while adjusted profit increased by HK$25.0 million or 17.8% to HK$165.5 million[81]. - Profit for the year decreased from HK$287.8 million in FY2021 to HK$203.0 million in FY2022; adjusted profit increased by 17.8% from HK$140.4 million to HK$165.5 million[198]. - Profit margin was 16.0% in FY2021 and 8.9% in FY2022; adjusted profit margin decreased from 7.8% to 7.3%[198]. Expenses and Costs - Listing expenses increased significantly by 138.7% to HK$17,261 from HK$7,231[26]. - Staff costs rose by 29.2% from HK$559.4 million in FY2021 to HK$722.8 million in FY2022, with staff costs as a percentage of revenue increasing from 31.2% to 31.8%[174]. - Cost of food and beverages consumed increased by 26.0% from HK$411.5 million in FY2021 to HK$518.3 million in FY2022, maintaining a stable percentage of revenue at 22.9% and 22.8% respectively[170]. - Other net income decreased significantly from HK$167.8 million in FY2021 to HK$57.7 million in FY2022, primarily due to reduced government subsidies and rental concessions[170]. - Advertising and promotion expenses surged by 115.1% from HK$21.7 million in FY2021 to HK$46.6 million in FY2022, attributed to increased branding and promotional activities[187]. - Other expenses increased by 46.4% from HK$34.9 million in FY2021 to HK$51.1 million in FY2022[188]. - Income tax expense increased from HK$32.5 million in FY2021 to HK$42.1 million in FY2022, with an adjusted effective tax rate rising from 19.6% to 22.1%[198]. Restaurant Operations and Expansion - The number of international restaurants increased to 175, up from 147 in the previous year[21]. - The company operated 144 restaurants in Hong Kong and 31 outside Hong Kong as of March 31, 2022[21]. - The company successfully expanded into Mainland China and Japan markets, with significant customer interest in Tokyo restaurants[46]. - The company successfully expanded its restaurant network to Mainland China and Japan, with a total of 175 restaurants across Hong Kong, Mainland China, Japan, and Singapore as of 31 March 2022[66]. - The first restaurant in Japan opened on 31 March 2022 and received positive customer responses[79]. - The company plans to continue expanding its restaurant network in Mainland China, Singapore, and Japan to support growth[174]. - The company opened 8 new restaurants in Mainland China during FY2022, including 6 in Shenzhen and 2 in Guangzhou, with plans for continued expansion in the Greater Bay Area in FY2023[92]. - In Singapore, one new restaurant was opened in March 2022, with additional locations confirmed for FY2023 following the easing of COVID-19 restrictions[94]. Financial Position and Assets - Non-current assets increased by 24.0% to HK$1,055,739,000 in FY2022 from HK$851,563,000 in FY2021[27]. - Current assets surged by 173.4% to HK$1,513,008,000 in FY2022 compared to HK$553,419,000 in FY2021[27]. - As of 31 March 2022, the company had cash and cash equivalents of HK$1,365.2 million, indicating a healthy financial position[81]. - Right-of-use assets increased from HK$563.8 million as of March 31, 2021, to HK$700.8 million as of March 31, 2022, due to more tenancy agreements for restaurants and offices[198]. Customer Engagement and Marketing - Hundreds of customers queued for hours outside the Shinjuku restaurant in Japan, indicating strong demand for Hong Kong flavors[46]. - The company maintained operations and core menu offerings during the pandemic, providing affordable meals to millions[48]. - The marketing campaigns in Shenzhen generated over 7 million social media exposures in April 2021, showcasing the brand's strong market impact[126]. - The company received 12 PR and marketing awards, including the "Campaign of the Year (Gold)" at the Marketing Interactive — PR Awards 2021[125]. - The launch of the Japan restaurant on March 31, 2022, was highlighted by features in over 20 Japanese media outlets, enhancing brand visibility[126]. - The company’s innovative marketing strategies, such as the "TamJai Girl Group" campaign, generated over 1.3 million views, reinforcing community engagement[114]. Product Innovation and Customer Experience - The average spending per customer increased due to menu price adjustments and successful product innovations, contributing to a rise in the average daily number of bowls served per seat[94][102]. - The company launched over 24 new products in FY2022, including premium toppings and snacks, which significantly boosted customer spending and menu variety[102]. - The company introduced the Bak Kut Bowl in Singapore, adapting its Wula soup to local tastes, which reflects its commitment to product innovation across different markets[103]. - In FY2022, the company launched over 20 new products, including high-end ingredients and unique dishes, significantly increasing per customer spending and daily bowl sales[105]. Operational Efficiency and Management - The current ratio improved to 2.6 in FY2022 from 1.1 in FY2021, reflecting better liquidity management[30]. - The integration of the central kitchen for TamJai and SamGor has improved cost efficiency and food production optimization amid rising food costs[104]. - The company integrated its central kitchens to reduce facility costs and improve food production efficiency, while also implementing a new supply chain management system to enhance cost control[106]. - The company is investing in new technologies, including a customer relationship management system and a voice-ordering system, to enhance restaurant-level efficiency[129]. - The company plans to continue investing in logistics and operational infrastructure while maintaining a prudent approach to international expansion[54]. - The company implemented Smart Rostering to maintain staff productivity amidst fluctuating business volumes due to COVID-19[109]. - Continuous training was provided to all staff, along with special arrangements to protect them from COVID-19, including temperature checks and flexible work hours[110].
谭仔国际(02217) - 2022 - 年度财报