唐宫中国中期报告 2023

Corporate Information2公司資 料Management Discussion and Analysis4管 理 層 討 論及 分析Other Information12其他 資 料Condensed Consolidated Interim Financial Statements簡 明 綜 合 中期 財 務 報表Condensed Consolidated Statement of Profit or Loss21簡明 綜 合損 益 表Condensed Consolidated Statement of Comprehensive Income22簡明 綜 合 全面收 益 表Condensed Consolidated Statement of Financial Position23簡明 綜 合 財 務 狀 況 表Condensed Consolidated Statement of Changes in Equity25簡明 綜 合權 益 變 動 表Condensed Consolidated Statement of Cash Flows26簡明 綜 合 現 金 流 量表Notes to the Condensed Consolidated Financial Statements28簡明 綜 合 財 務 報表 附 註Glossary47詞 彙 Corporate Information Directors Executive Directors Ms. Weng Peihe(Chairman)Mr. Yip Shu MingMr. Chan Man WaiMr. Ku Hok ChiuMr. Chen Zhi Xiong(Chief Executive Officer)Mr. Wong Chung Yeung(Chief Financial Officer) Independent Non-Executive Directors Mr. Kwong Chi KeungMr. Kwong Ping ManMr. Chan Kin Shun(appointed on 18 April 2023)Mr. Cheung Kin Ting Alfred(resigned on 18 April 2023) Company Secretary Mr. Wong Chung Yeung Authorised Representatives Mr. Chan Man WaiMr. Wong Chung Yeung Members of Audit Committee Mr. Kwong Ping Man(Chairman)Mr. Kwong Chi KeungMr. Chan Kin Shun Members of Nomination Committee Mr. Kwong Ping Man(Chairman)Mr. Kwong Chi KeungMr. Chan Kin Shun Members of Remuneration Committee Mr. Kwong Chi Keung(Chairman)Mr. Kwong Ping ManMr. Chan Kin Shun Registered Office Cricket Square, Hutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands Cricket Square, Hutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands Head Office and Principal Placeof Business in Hong Kong Unit 3, 10th FloorGreenfield Tower, Concordia PlazaNo. 1 Science Museum RoadKowloonHong Kong 103 Cayman Islands ShareRegistrar and Transfer Office Conyers Trust Company (Cayman) LimitedCricket Square, Hutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands Conyers Trust Company (Cayman) LimitedCricket Square, Hutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands Hong Kong Branch ShareRegistrar and Transfer Office 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong Principal Bankers Agricultural Bank of China LimitedBank of China LimitedHang Seng Bank Limited Auditors Ernst & YoungCertified Public AccountantsRegistered Public Interest Entity Auditor Legal Advisor As to Hong Kong law:CFN Lawyers in association with Broad & Bright As to the People’s Republic of China’s law:Beijing Bairui (Shenzhen) Law Firm Stock Code 1181 The Stock Exchange of Hong Kong Limited:1181 www.tanggong.cn Website www.tanggong.cn Management Discussion and Analysis Industry Overview Withthe Mainland China starting to lift most of its epidemicprevention measures by the end of 2022 and gradually resuminginternationaltransportation,Hong Kong also lifted mandatorytesting and quarantine measures. In early 2023, Mainland Chinaand Hong Kong resumed cross-border travel, and the businessenvironmentin both places gradually returned to normal.Therefore, in the first half of 2023, China’s GDP grew by 5.5%year-on-year, reflecting an accelerated rate as compared to the3% growth in the first half of 2022. The catering industry, closelyrelated to consumption, also experienced a recovery as a result.Nationwide,the revenue of the catering industry reachedRMB2,432.9 billion, a year-on-year increase of 21.4%, showing asignificant improvement compared to the year-on-year decline inthe first half of 2022. 5.5%3%24,32921.4% Business Review 588.3444.432.4% The Group’s main businesses are in Mainland China and HongKong.In 2022,impacted by various factors such as thepandemic,supply chain tensions,and limited travelling,theGroup’s operations in different regions were not able to achievefullefficiency,resulting in overall business being significantlyaffected.With China lifting most of the epidemic preventionmeasures in Mainland in late 2022, transportation and economicactivitiesgradually resumed in all regions,and driven by thefestive vibe of the Lunar New Year at the beginning of the year,theGroup’s business in different regions of Mainland Chinarecorded significant improvements, and anincrease in customertraffic across various areas as a result. On the other hand, cross-border travels resumed between Hong Kong and Mainland at thebeginning of the year. Coupled with the accelerated resumption ofinternational flights, the food and beverage industry in Hong Kongalso became active. Consequently, the Group’s business in theHong Kong region experienced noticeable improvements. For thesix months ended 30 June 2023, the Group’s revenue reachedRMB588.3million,increased by 32.4%as compared to therevenue of RMB444.4 million for the six months ended 30 June2022. In the first half of the year 2023, apart from the favorable marketconditionsthat contributed to an increase in customer trafficacrossvarious regions in the Mainland,the Group achievedrevenuegrowth during the Period through various effecti