Financial News
Written by: Kuang Yueting
2021-03-25 18:11
Last update date: 2021-03-25 18:11
Taixing Group (6811) announced last year's results. Profit attributable to shareholders was 119 million yuan, an increase of 54.8% year-on-year; basic earnings per share were 11.89 sen; a final dividend of 6.42 sen was paid, and a total of 7.72 sen was distributed throughout the year.
Last year's revenue decreased by 14% to 2.798 billion yuan; gross profit margin decreased by 0.7 percentage point to 70.6%; during the period, it received a subsidy of 158 million yuan from the Hong Kong Government Employment Guarantee Program.
As of the end of December last year, the group had cash and cash equivalents of 562 million yuan.
As of the end of December last year, the group’s restaurant network had 213 restaurants and 8 new restaurants were added.
Taixing stated that a diversified brand strategy is still crucial to the success of Taixing Group. The group will further integrate and expand its restaurant network and increase market penetration. At the same time, it will strengthen its takeaway business development and upgrade its self-developed ordering platform. "Fanfan Life" aims to increase the number of takeaway orders.
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