2024-09-19-港交所-太兴集团_二零二四年中期报告_62页_2mb

Company Overview: Tai Hing Group Holdings Limited ("Group") operates primarily in the catering industry and food sales in Hong Kong and China's mainland. Incorporated in the Cayman Islands in 2017, listed on the HKEX Main Board in 2019. The Group manages a network of 210 self-operated and franchised restaurants.

Financial Performance: For the six months ended 30 June 2024, revenue increased by 2.8% to HK$1,612.5 million. Gross profit margin was 73.7%. Profit attributable to owners of the Company fell to HK$10.7 million, with diluted EPS at HK1.07 cents.

Key Business Segments:

• Hong Kong & Macau contributed 90% revenue (HK$1,430.7 million), with Hong Kong representing 166 outlets.
• Mainland revenue decreased 28.8% to HK$181.8 million due to market sluggishness.
• Leading brands include "Tai Hing" (37.5% of revenue) and "Men Wah Bing Teng" (27.2%).

Outlook and Strategy:

• Challenges include workforce shortages, rising costs, and consumption downgrade.
• Strategies include optimizing store networks, increasing automation, enhancing ESG initiatives, and exploring new distribution models.

ESG Highlights:

• Implemented "Tai Hing Care" philosophy, including waste reduction programs and community engagement.
• Awarded multiple ESG accolades, emphasizing environmental and social responsibility.

Stock Information: Stock code 6811, listed on HKEX. 68.1% of revenue comes from Hong Kong operations, with continued expansion in the mainland market.