Financial Performance - Total revenue for the year ended December 31, 2022, was RMB 1,429,792 thousand, a decrease of 28.4% compared to RMB 1,996,209 thousand in 2021[2]. - Restaurant business sales decreased by 28.8% to RMB 1,339,611 thousand from RMB 1,880,923 thousand in the previous year[2]. - The company reported a gross profit of RMB 1,054,959 thousand, down 27.7% from RMB 1,458,873 thousand in 2021[2]. - Operating loss for the year was RMB 114,084 thousand, compared to an operating profit of RMB 24,030 thousand in 2021[2]. - The company incurred a loss attributable to shareholders of RMB 143,906 thousand, compared to a profit of RMB 20,940 thousand in the previous year[2]. - Basic loss per share was RMB (0.13), a decline from earnings of RMB 0.02 per share in 2021[2]. - Revenue from external customers in mainland China for the year ended December 31, 2022, was RMB 1,270,628, a decrease of 30.6% from RMB 1,831,816 in 2021[47]. - Revenue from external customers in Hong Kong for the year ended December 31, 2022, was RMB 159,164, a decrease of 3.8% from RMB 164,393 in 2021[47]. - The group reported a loss attributable to shareholders of approximately RMB 143,906,000 for the year ended December 31, 2022, compared to a profit of approximately RMB 20,940,000 in 2021[147]. - The group recorded a pre-tax loss of approximately RMB 176,765,000 for the year ended December 31, 2022, compared to a profit of RMB 52,440,000 in the previous year[171]. Dividends and Shareholder Returns - The company proposed a final dividend of RMB 0.06 per share, down from RMB 0.08 per share in 2021[2]. - The company declared dividends of RMB 91,480 thousand for 2022, an increase from RMB 87,323 thousand in 2021[86]. - Share transfer registration will be suspended from June 14 to June 16, 2023, to determine the list of shareholders entitled to the final dividend[194]. Assets and Liabilities - Non-current assets totaled RMB 2,146,242 thousand, a decrease from RMB 2,492,104 thousand in 2021[8]. - Total equity attributable to shareholders decreased to RMB 2,874,715 thousand from RMB 3,060,105 thousand in the previous year[9]. - The carrying amounts of right-of-use assets and lease liabilities as of December 31, 2022, were RMB 369,970,000 and RMB 412,478,000, respectively[29]. - The group has not reported total assets and total liabilities as they were not reviewed by the main operating decision-makers[36]. - The group’s bank borrowings were approximately RMB 40,417,000 as of December 31, 2022, down from RMB 77,003,000 a year earlier, resulting in a debt-to-asset ratio of 1.0[177]. - The net current assets of the group were approximately RMB 1,186,121,000, with a current ratio of 3.2 as of December 31, 2022[182]. Operational Metrics - The total number of restaurants as of December 31, 2022, decreased to 597 from 737 in the previous year[2]. - The group had a total of 597 chain restaurants as of December 31, 2022, a decrease of 140 from 737 restaurants in the previous year[135]. - The proportion of labor costs to revenue increased to approximately 29.8%, up 2.6 percentage points from 27.2% in 2021, primarily due to the pandemic affecting operational hours[102]. - Comparable store sales growth in Hong Kong decreased by 12.3% and in mainland China by 20.5% for the year 2022[158]. - Average spending per customer in Hong Kong was HKD 105.5, while in mainland China it was RMB 43.0 for the year 2022[158]. - Daily table turnover in Hong Kong was 3.7, compared to 2.5 in mainland China for the year 2022[158]. Costs and Expenses - The total employee costs for the year ended December 31, 2022, were RMB 425,410, a decrease of 21.6% from RMB 542,546 in 2021[54]. - The group’s inventory cost was approximately RMB 374,833,000, a reduction of about 30.2% from RMB 537,336,000 in the previous year[138]. - The cost of goods sold as a percentage of revenue was approximately 26.2%, a decrease of about 0.7 percentage points from the previous year[137]. - Financing costs decreased by approximately 13.2% to RMB 26.02 million, down from RMB 29.96 million in 2021[119]. - The company recognized a total impairment loss of RMB 16,953,000 for the year ended December 31, 2022, compared to a reversal of impairment loss of RMB 1,348,000 in 2021[62]. Future Outlook and Strategic Initiatives - The company will continue to optimize its member system and accelerate digital transformation to capture development opportunities in the industry[100]. - The group will closely monitor market conditions and respond swiftly to changes to enhance competitiveness[103]. - The company expects that the application of new accounting standards will not have a significant impact on the consolidated financial statements in the foreseeable future[20]. - The group has not adopted new Hong Kong Financial Reporting Standards that are effective from January 1, 2023, which may impact the financial statements in the future[19]. Miscellaneous - The group maintained a strong financial position with bank balances of approximately RMB 1,465,111,000 as of December 31, 2022, compared to RMB 1,527,538,000 in the previous year[152]. - The group maintained a diversified investment portfolio, with significant investments in Guangzhou Cloud System valued at RMB 17,274,000 as of December 31, 2022, down from RMB 47,675,000 in the previous year[173]. - The group did not engage in any significant acquisitions or disposals of subsidiaries during the review period[180]. - The group has no significant contingent liabilities as of December 31, 2022[181]. - The company will hold its annual general meeting on June 7, 2023, with relevant notices to be published on its website[196].
味千(中国)(00538) - 2022 - 年度业绩