Core Viewpoint - The passing of Chen Yong'an, the founder and controlling shareholder of Tai Hing Group, marks a significant transition for the company, which has been facing challenges in the mainland market and has seen a decline in the number of its restaurants over recent years [1][3][5]. Group 1: Company Leadership Changes - Chen Jiakang has been appointed as the new chairman of the board, while Chen Shufang has been named vice-chairman, effective immediately [5]. - Chen Jiakang, aged 44, is the son of the late Chen Yong'an and has been with Tai Hing Group since 2009 [6]. Group 2: Company History and Brand Portfolio - Tai Hing Group was founded in 1989 with the opening of its first fast-food restaurant in Hong Kong, and it has since expanded to include 18 brands with over 210 restaurants [6]. - The company entered the mainland market in 2004 and was listed on the Hong Kong Stock Exchange in June 2019 [6]. Group 3: Financial Performance - For the first half of 2025, Tai Hing Group reported a revenue of HKD 1.712 billion, representing a year-on-year growth of 6.2%, and a net profit attributable to shareholders of HKD 40.81 million, up 280.75% [8]. - The gross profit margin for the company reached 73.4% [8]. Group 4: Market Presence and Challenges - Tai Hing Group has been reducing its number of restaurants in the mainland market, with a decline from 63 locations in 2019 to 31 expected by 2024, primarily affecting its main brand [8]. - As of the latest market data, Tai Hing Group's stock price is HKD 1.110 per share, with a market capitalization of HKD 1.08 billion [8].
知名品牌突发公告，66岁创始人辞世，44岁儿子接任，官网已变黑白