Da Kuai Huo (0052) announced its interim results as of the end of September. Profit decreased by 19.2% year-on-year to 52.493 million yuan; basic earnings per share were 40.52 sen and an interim dividend of 25 sen per share was declared.
During the period, revenue rose 16.4% year-on-year to 1.498 billion yuan.
Gross profit margin fell to 10.5%, 13.3% in the same period last year.
Excluding government subsidies and job-guarantee program subsidies, the performance during the period turned into profit, which Big Happy described as "a strong rebound in adversity."
During the period under review, the Group added 3 new stores, including two stores in Hong Kong and one store in Mainland China.
As of September 30 this year, the group operated a total of 155 stores in Hong Kong, including 143 fast food restaurants and 12 specialty restaurants, of which ASAP accounted for three, a bowl of minced pork accounted for four, a leaf chef accounted for four, and a Kenting tea house. between.
As of the end of September, the group operated 17 stores in mainland China.
4 to 5 new stores will be opened before the beginning of next year
Looking forward to the future, Da Kuo Huo believes that rising food costs and manpower shortages will become the biggest challenges. For this reason, the company will continue to work hard to negotiate the possibility of reducing rents while improving other operational efficiency.
In addition, the expansion of the store network in Hong Kong will continue in the next few months. Big Happy plans to open four to five new stores by early 2022, and launch more new menus in the next few months to continue to enrich the menu choices.
Starting from the fourth quarter of this year, specialty restaurant brands will be reorganized to clarify the positioning and attractiveness of each brand, and to cooperate with the new brand strategy to promote the growth of different brands.
In Mainland China, the Greater Bay Area has huge growth potential. It is believed that the successful implementation of the company's localization plan, coupled with innovative marketing methods, will benefit the Group's further expansion.
