Core Viewpoint - Tsui Wah Holdings announced that its restaurant at Hong Kong International Airport will cease operations around October 28 due to failing to secure a renewal of its operating license, which will impact approximately 8% of the company's total revenue [1][2]. Group 1: Company Operations - The Hong Kong International Airport store has been in operation since November 2012 and generated significant revenue, approximately 6.17 times more than the average contribution of other restaurants [1]. - In the fiscal year 2025 (April 2024 - March 2025), Tsui Wah Holdings reported a 5% decline in revenue to HKD 906 million and a 68.4% drop in net profit to HKD 12.34 million [1]. - The company closed two restaurants in Hong Kong during the fiscal year 2025 while opening four new ones [2]. Group 2: Financial Performance - For the fiscal year ending March 31, 2025, revenue from Hong Kong increased by 1.78% to HKD 515 million, while revenue from mainland China decreased by 13.92% to HKD 371 million [5]. - The company has been reducing its number of restaurants in mainland China since April 2022, closing four restaurants without opening new ones [5]. - Tsui Wah Holdings maintains a cautious optimism regarding future growth, planning to expand in traditional markets while exploring new growth opportunities [5].
知名港式茶餐厅公告:下月关门!开店12年
Nan Fang Du Shi Bao·2025-09-11 08:34