Financial Performance - Helens International Holdings Company Limited reported a revenue of HKD 1.2 billion for the fiscal year 2023, representing a year-on-year increase of 15%[1]. - The company achieved a net profit of HKD 250 million, which is a 20% increase compared to the previous year[1]. - The gross margin improved to 45%, up from 42% in the previous year, reflecting better cost management[1]. - The adjusted net profit for 2023 was RMB 280.2 million, with an adjusted net profit margin of 23.2%, compared to an adjusted net loss of RMB 240.8 million in 2022[22]. - The profit before tax improved from a loss of RMB 1,616.5 million in 2022 to a profit of RMB 152.0 million in 2023, with corresponding profit margin of 12.6%[68]. - Adjusted net profit rose to RMB 280.2 million in 2023 from a loss of RMB 240.8 million in 2022, reflecting operational improvements[72]. User Growth and Market Expansion - User data indicated a growth in active users to 1.5 million, up 25% from the previous year[1]. - Helens International is focusing on expanding its market presence in Southeast Asia, targeting a 30% increase in market share by 2025[1]. - The company plans to continue expanding its tavern network while restructuring its development model from a linear chain to a platform-based company[134]. - The "Hi Beer Partner" program has signed a total of 383 locations, with 188 already in operation, covering 136 cities[23]. Strategic Initiatives - The company is investing HKD 100 million in new product development, particularly in the beverage sector, to enhance its product offerings[1]. - Helens International plans to explore potential acquisitions to strengthen its supply chain and distribution network in the next fiscal year[1]. - The company has initiated a new marketing strategy aimed at increasing brand awareness, with a budget allocation of HKD 50 million for digital marketing campaigns[1]. - The company initiated the "Hi Beer Partner" program in 2023, aiming to enhance market share and enter lower-tier markets through a new partnership model[50]. Operational Adjustments - The number of tavern locations decreased from 767 as of December 31, 2022, to 479 by December 31, 2023, due to strategic adjustments[23]. - The company is committed to a strategic transformation towards a light-asset model and actively adjusting its direct store network[23]. - Revenue decreased by 22.5% from RMB 1,559.3 million in 2022 to RMB 1,208.6 million in 2023, primarily due to the strategic shift to a light-asset model and adjustments in the direct store network[43]. - The company reported a significant reduction in impairment losses from RMB 712.9 million in 2022 to RMB 11.3 million in 2023, as store conditions improved post-COVID-19[63]. Financial Management - Total assets as of December 31, 2023, were RMB 2,164.98 million, down from RMB 2,676.77 million in 2022[17]. - The company's total liabilities decreased significantly to RMB 343.6 million in 2023 from RMB 853.9 million in 2022[17]. - Cash and cash equivalents slightly decreased from RMB 1,298.6 million in 2022 to RMB 1,277.2 million in 2023, mainly due to dividend payments[81]. - The company has not made any bank borrowings as of December 31, 2023, and has no significant debts or loans[192]. Sustainability and Compliance - Helens International is committed to sustainability, with plans to reduce carbon emissions by 20% over the next three years[1]. - The company emphasizes the importance of environmental protection and has not encountered any significant violations of relevant laws and regulations[142]. - The company has established compliance policies to adhere to applicable laws and regulations, with no significant non-compliance issues reported during the period[197]. Shareholder Information - The company declared a dividend of approximately RMB 146.9 million to its shareholders during the reporting period, with a proposed final dividend of RMB 0.3153 per share for the year ending December 31, 2023[136]. - The board of directors will seek shareholder approval for the proposed dividend at the annual general meeting scheduled for May 14, 2024[139]. - The final dividend will be paid to shareholders listed on the register as of May 20, 2024, with payment expected around May 24, 2024[139]. Risks and Challenges - The company faces risks related to economic slowdowns in China and globally, which could adversely affect its financial performance[100]. - Recent stricter regulations imposed by the Chinese government on the tavern industry may lead to increased compliance costs and affect profitability[104]. - The company's ability to expand its business is contingent on various factors, including overall economic conditions and access to credit, which may be impacted by stricter lending policies[105].
海伦司(09869) - 2023 - 年度财报