Core Points - The founder and chairman of Tai Hing Group, Chen Yong'an, passed away at the age of 66 on November 24 [1][3] - The company announced the appointment of new leadership following Chen's death, with Chen Jiakang, his son, becoming the new chairman [5][10] Company Overview - Tai Hing Group was founded in 1989 in Hong Kong and has grown to include over 210 restaurants across various brands [8][12] - The company has faced a decline in the number of its restaurants in mainland China, reducing from 63 in 2019 to only 4 remaining as of now [10] Financial Performance - For the first half of 2025, Tai Hing Group reported a revenue of HKD 1.712 billion, a year-on-year increase of 6.2%, and a net profit of HKD 40.81 million, up 280.75% [10] - The gross profit margin for the same period was reported at 73.4% [10] Market Context - The tea restaurant market in China is projected to grow, with an expected market size of over RMB 30 billion by 2025 [10]
知名餐饮上市公司创办人去世，儿子接班，公司旗下餐厅数量超210间