Workflow
翠華控股有限公司： 翠华集团2024 - 年度业绩
财报·2024-06-28 01:45

Financial Performance - Revenue for 2024 increased by 12.8% to HKD 954.1 million compared to HKD 845.8 million in 2023 [5][61] - Net profit attributable to shareholders decreased by 41.0% to HKD 32.97 million in 2024 from HKD 55.88 million in 2023 [3][5] - Basic earnings per share dropped to 2.86 HK cents in 2024 from 4.41 HK cents in 2023 [5][7] - Gross profit increased by 15.1% to HKD 708.0 million in 2024 from HKD 615.0 million in 2023 [75] Regional Performance - Hong Kong revenue grew by 7.3% to HKD 505.7 million in 2024 [5][61] - Mainland China revenue increased by 17.3% to HKD 431.3 million in 2024 [5][61] - Other regions (mainly Singapore) saw a 154.5% revenue growth to HKD 17.1 million in 2024 [5][61] Operational Highlights - Total number of restaurants decreased to 72 as of March 31, 2024, from 79 in 2023 [5][61] - Closed 8 restaurants in Hong Kong and opened 3 new ones under different brands [64] - Closed 7 stores in Mainland China and opened 4 new ones in the Greater Bay Area [66] - Expanded to 4 restaurants in Singapore, including a new outlet at Clarke Quay Central [69] Cost Structure - Cost of goods sold increased by 6.6% to HKD 246.1 million in 2024 [74] - Employee costs rose by 6.4% to HKD 314.8 million in 2024 [76] - Depreciation and amortization decreased to HKD 134.7 million in 2024 from HKD 175.0 million in 2023 [79] - Property rental and related expenses increased by 102.8% to HKD 54.1 million in 2024 [80] Financial Position - Cash and cash equivalents decreased to HKD 235.0 million as of March 31, 2024, from HKD 286.4 million in 2023 [88] - Current ratio remained stable at 1.3x as of March 31, 2024 [89] - No interest-bearing bank borrowings as of March 31, 2024 [89] Industry Outlook - Hong Kong's restaurant industry faces challenges from rising costs and increased cross-border consumption [60] - Mainland China's F&B market experienced strong recovery in H1 2024 but faced price wars and market contraction in H2 [66] - Singapore's business rebounded to pre-COVID levels with sales growth driven by relaxed border restrictions [69] - Macau's tourism industry saw significant growth, benefiting the group's operations [70]