Financial Performance - Kafelaku Coffee Holding Limited reported a significant increase in revenue, achieving a total of HKD 500 million for the fiscal year 2023, representing a 25% growth compared to the previous year[1]. - The Group's total revenue for the year ended 31 December 2023 was approximately HK$178.5 million, representing a year-on-year increase of approximately 31.7% compared to HK$135.6 million in 2022[16]. - Profit attributable to owners of the Company amounted to approximately HK$8.0 million for the year, a significant turnaround from a loss of approximately HK$41.4 million in the previous year[16]. - The Group recorded total revenue of approximately HK$178.5 million for the Year, representing an increase of approximately 31.7% compared to approximately HK$135.6 million for the Previous Year[40]. Business Expansion and Strategy - The company has expanded its user base, reaching 1 million active customers, which is a 40% increase year-over-year[1]. - For the upcoming fiscal year, Kafelaku Coffee has provided a revenue guidance of HKD 600 million, indicating an expected growth of 20%[1]. - Kafelaku Coffee is exploring market expansion opportunities in Southeast Asia, targeting a 15% market share in the region by 2025[1]. - The Group plans to continue operating its restaurants and catering business in Hong Kong and the PRC while developing a coffee business under the "Kafelaku Coffee" brand[23]. - The Group aims to explore expansion opportunities for its catering and new coffee business, aiming to maximize returns for its shareholders[23]. Product Development and Innovation - The company is investing in new product development, with a budget allocation of HKD 50 million for the launch of three new coffee blends in 2024[1]. - The Group aims to diversify its catering business not only by opening new coffee shops but also by developing coffee-related trading business[23]. Marketing and Sales Strategy - Kafelaku Coffee is implementing a new digital marketing strategy aimed at increasing online sales by 30% over the next year[1]. - The Group intends to focus on online marketing to promote existing business and increase market share[107]. Operational Efficiency and Cost Control - Active cost control measures are in place to ensure efficient resource deployment in response to the prevailing operating environment in Hong Kong and the PRC[33]. - The Group continues to implement active cost control measures to ensure effective resource allocation in response to the current operating environment[37]. Sustainability and ESG Initiatives - Kafelaku Coffee is committed to sustainability, with plans to reduce carbon emissions by 20% by 2025 through eco-friendly practices[1]. - The Group's commitment to environmental sustainability includes educating employees on environmental protection and implementing energy conservation measures[162]. - The Group's environmental policies aim to ensure emissions and waste are managed in an environmentally responsible manner[163]. - The Group's commitment to sustainable development is reflected in its environmental, social, and governance (ESG) initiatives[126][127]. Governance and Management - The Group has appointed new executive directors to strengthen its leadership team, enhancing strategic decision-making capabilities[1]. - The Board proposed the appointment of CL Partners CPA Limited as the new Independent Auditor, subject to shareholder approval[120][122]. - The Group's corporate governance practices are detailed in the Corporate Governance Report, spanning pages 87 to 119 of the annual report[142]. Challenges and Risks - The catering industry remains weak compared to pre-COVID-19 levels, prompting the Group to adjust its menu and optimize operations to enhance production efficiency[22]. - The Group's management anticipates various challenges in the foreseeable future, despite expected improvements in consumer confidence and revenue in the catering industry due to government stimulus policies[100]. - The Group faces risks from geopolitical tensions, fluctuating interest rates, and potential labor shortages in the food and beverage industry[101][106]. Employee and Workforce Management - Employee benefits expense was approximately HK$51.9 million, an increase of approximately 2.3% compared to HK$50.8 million in the Previous Year, due to an increase in staff at one of the Shenzhen restaurants[44]. - The employee count increased to approximately 430 as of December 31, 2023, up from 408 in 2022[93]. Environmental Impact and Emissions - The Group's nitrogen oxides (NOx) emissions increased to 186.54 kg in 2023 from 168.27 kg in 2022, representing an increase of approximately 10.5%[172]. - The Group's total GHG emissions (Scope 1 and 2) increased to 3,340.24 tCO2e in 2023 from 2,905.72 tCO2e in 2022, marking an increase of approximately 14.9%[181]. - The Group has implemented various emission reduction measures, including the use of vehicles that meet government emission standards and regular vehicle maintenance[167]. - The increase in exhaust gas emissions during the reporting period is attributed to the recovery of the restaurant business post-COVID-19, leading to higher usage of towngas and natural gas[168].
利宝阁集团(01869) - 2023 - 年度财报