Financial Performance - For the fiscal year ended December 31, 2022, the company's revenue reached $558.2 million, a significant increase of 78.7% compared to $312.4 million for the fiscal year ended December 31, 2021[3]. - The net loss for the year was $41.3 million, a substantial decrease from a net loss of $150.8 million in the previous year[3]. - Total revenue for 2022 reached $545.6 million, a 59.7% increase from $325.6 million in 2021[9]. - The company reported total revenue of $558.225 million for the year ended December 31, 2022, compared to $312.373 million in 2021, representing an increase of approximately 78.8%[42]. - The group reported a net loss attributable to shareholders of $41,248,000 for 2022, compared to a loss of $150,752,000 in 2021[62]. - The group reported a net loss of $26.793 million in 2022, a decrease from a loss of $73.270 million in 2021, indicating improved financial performance[57]. Revenue and Operations - Revenue from restaurant operations rose to $545.6 million, an increase of 84.3% from $296.1 million in the previous year, primarily due to the lifting of dining restrictions in many countries[8]. - The Southeast Asia region generated $331.632 million in revenue, up from $173.674 million in 2021, marking a 91.0% increase[53]. - Revenue from restaurant operations was $545.612 million, while takeaway business and other operations contributed $6.572 million and $6.041 million respectively[50]. - Same-store sales for Southeast Asia rose to $175.5 million in 2022, a 47.7% increase from $118.8 million in 2021[14]. Customer Engagement and Growth - The total number of restaurants increased to 111, with a total customer traffic of 21.7 million and an average table turnover rate of 3.3 times per day[2]. - The company has over 4 million registered members, reflecting a strong customer engagement strategy[5]. - Total customer traffic increased significantly to 21.7 million in 2022, compared to 9.8 million in 2021, marking a 121.4% growth[11]. - The number of restaurants increased to 111 in 2022, up from 94 in 2021, representing an 18.1% growth[9]. - The company aims to continue expanding its restaurant network in existing countries and explore new markets[6]. Expenses and Costs - Employee costs rose to $188.9 million in 2022, a 31.8% increase from $143.3 million in 2021, while the percentage of revenue decreased from 45.9% to 33.8%[20]. - Material and consumable costs increased to $196.6 million in 2022, a 72.8% rise from $113.8 million in 2021, with costs as a percentage of revenue remaining stable at 35.2%[19]. - Rent and related expenses surged to $13.0 million in 2022, a 97.0% increase from $6.6 million in 2021, driven by restaurant network expansion[21]. - Average customer spending decreased to $25.2 in 2022 from $30.3 in 2021, reflecting changing consumer behavior[11]. - Utility expenses for the year ended December 31, 2022, amounted to $19.7 million, a 79.1% increase from $11.0 million for the year ended December 31, 2021, consistent with restaurant network expansion[22]. - Travel and communication expenses for the year ended December 31, 2022, were $4.8 million, a 77.8% increase from $2.7 million for the year ended December 31, 2021, due to increased international business travel[24]. - Other expenses for the year ended December 31, 2022, totaled $55.5 million, a 33.1% increase from $41.7 million for the year ended December 31, 2021, reflecting various increases related to administrative and consulting services[26]. Assets and Liabilities - Inventory increased from $16.7 million as of December 31, 2021, to $26.0 million as of December 31, 2022, reflecting stock for newly opened restaurants[30]. - Trade receivables increased from $6.3 million as of December 31, 2021, to $9.5 million as of December 31, 2022, consistent with revenue growth during the reporting period[31]. - Cash and cash equivalents increased from $89.5 million as of December 31, 2021, to $93.9 million as of December 31, 2022, primarily due to the increase in the number of restaurants and recovery of business operations[36]. - The total non-current assets as of 2022 were valued at $401.786 million, slightly up from $397.373 million in 2021[53]. - Total current liabilities for trade payables rose to $32,313,000 in 2022 from $26,549,000 in 2021[78]. - Other payables increased to $31,663,000 in 2022 compared to $24,128,000 in 2021[79]. Strategic Initiatives - The company launched 233 new products in 2022, focusing on localization to better meet customer needs[5]. - The company plans to develop other brands and business formats through strategic acquisitions and incubation[6]. - The company plans to continue exploring strategic investment opportunities to achieve synergies with potential high-quality target businesses and assets[38]. - The company plans to continue expanding its restaurant network and enhancing customer experience through new product offerings and technology[9]. Governance and Compliance - The company has adopted the Corporate Governance Code and has made changes to comply with its provisions, including the separation of the roles of Chairman and CEO[84]. - The audit committee reviewed the annual performance of the group for the year ended December 31, 2022, and confirmed that the financial performance complies with relevant accounting standards and regulations[87]. - The company has maintained compliance with its own standard code of conduct for securities trading by directors[85]. Miscellaneous - The company has not engaged in any significant acquisitions or disposals during the reporting period[41]. - The company does not currently have a foreign exchange risk hedging policy but will monitor currency risks closely and consider hedging when necessary[39]. - The company has not declared or proposed any dividends since its incorporation[83]. - The company did not recommend any final dividend for the year ended December 31, 2022[89].
特海国际(09658) - 2022 - 年度业绩