呷哺呷哺二零二三年中期报告

Contents CORPORATE INFORMATION2DEFINITIONS5BUSINESS REVIEW AND OUTLOOK8MANAGEMENT DISCUSSION AND ANALYSIS24OTHER INFORMATION33REPORT ON REVIEW OF CONDENSEDCONSOLIDATED FINANCIAL STATEMENTS46CONDENSED CONSOLIDATED STATEMENT OFPROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME48CONDENSED CONSOLIDATED STATEMENT OFFINANCIAL POSITION49CONDENSED CONSOLIDATED STATEMENT OFCHANGES IN EQUITY51CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS53NOTES TO THE CONDENSED CONSOLIDATEDFINANCIAL STATEMENTS55 Corporate Information BOARD OF DIRECTORSExecutive DirectorMr. Ho Kuang-Chi(Chairman and Chief Executive Officer) Non-executive Directors Ms. Chen Su-YinMs. Li Jie Independent Non-executive Directors Mr. Hon Ping Cho TerenceMs. Cheung Sze ManMr. Kot Man Tat AUDIT COMMITTEE Mr. Hon Ping Cho Terence(Chairman)Ms. Li JieMr. Kot Man Tat NOMINATION COMMITTEE Mr. Ho Kuang-Chi(Chairman)Ms. Cheung Sze ManMr. Kot Man Tat REMUNERATION COMMITTEE Ms. Cheung Sze Man(Chairman)Mr. Ho Kuang-ChiMr. Hon Ping Cho Terence Corporate Information COMPANY SECRETARYMs. Tam Shuk Wah Carrie AUTHORIZED REPRESENTATIVES Mr. Ho Kuang-ChiMs. Tam Shuk Wah Carrie REGISTERED OFFICE IN CAYMAN ISLANDS Cricket SquareHutchins DriveP.O. Box 2681Grand CaymanKY1-1111Cayman Islands Cricket SquareHutchins DriveP.O. Box 2681Grand CaymanKY1-1111Cayman Islands PRINCIPAL PLACE OF BUSINESS IN HONG KONG Unit 2205-07, 22/FTwo Sky Parc51, Hung To RoadKwun TongHong Kong 51Two Sky Parc222205-07 HEADQUARTERS AND PRINCIPAL PLACE OFBUSINESS IN THE PRC Suncun Industrial Development ZoneHuangcun TownDaxing DistrictBeijingPRC Zizhu Digital HubNo.555 Dongchuan RoadWujing TownMinhang DistrictShanghaiPRC 555 CAYMAN ISLANDS PRINCIPAL SHARE REGISTRARAND TRANSFER AGENT Conyers Trust Company (Cayman) Limited2901 One Exchange SquareConnaught PlaceCentralHong Kong Conyers Trust Company (Cayman) Limited2901 Corporate Information HONG KONG SHARE REGISTRAR 183171712–1716 Computershare Hong Kong Investor Services LimitedShops 1712–1716, 17th FloorHopewell Centre183 Queen’s Road EastWanchaiHong Kong INDEPENDENT AUDITOR Deloitte Touche TohmatsuPublic Interest Entity Auditor registered in accordance withthe Financial Reporting Council Ordinance35/F, One Pacific Place88 QueenswayHong Kong •8835 HONG KONG LEGAL ADVISER 39 Sidley Austin39/F, Two International Finance CentreCentralHong Kong PRINCIPAL BANKS China Merchants BankShanghai Pudong Development BankHSBCChina Construction BankIndustrial BankFubon Bank (China) ir@xiabu.com INVESTOR RELATIONS E-mail: ir@xiabu.com COMPANY’S WEBSITEwww.xiabu.com www.xiabu.com STOCK CODE 520 520 Definitions Definitions Business Review and Outlook OVERVIEW 1,0941,0801489223841272432371212212 Bythe end of June 2023,the Group operated a total of 1,094restaurants worldwide, including 1,080 restaurants in China and 14restaurants in Hong Kong, Macau, Taiwan and other markets. In thefirst half of 2023, the Group opened 89 new Xiabuxiabu restaurants andoperated 841 Xiabuxiabu restaurants in 22 provinces and autonomousregions and 3 centrally administered municipalities in China, namelyBeijing, Tianjin and Shanghai. The Group also opened 27 new Coucourestaurants and operated 237 Coucou restaurants in 24 provincesand 3 centrally administered municipalities in China, namely Beijing,Tianjin, Shanghai. In early 2023, the Group established the Hong Kong,Macau, Taiwan and International Business Department, opened 1 newCoucou restaurant in Hong Kong, China, 2 new Xiabuxiabu restaurantsin Taiwan, China and Singapore, and operated a total of 12 Coucourestaurants and 2 Xiabuxiabu restaurants in Hong Kong, Macau, Taiwanand other markets. Meanwhile, the Group opened 1 new Shaohotrestaurant in Shanghai in the first half of 2023, operating a total of 2Shaohot restaurants in Shanghai. Business Review and Outlook The Group’s revenue increased by 32.0% from RMB2,156.4 million inthe first half of 2022 to RMB2,846.1 million for the Reporting Period.Thesales from Xiabuxiabu increased by 29.5%from RMB1,063.5million in the first half of 2022 to RMB1,377.0 million for the ReportingPeriod. The sales generated from Coucou increased by 36.8% fromRMB1,024.3 million in first half of 2022 to RMB1,401.5 million forthe Reporting Period. The Group’s profit for the period turned aroundfrom a loss of RMB278.2 million in the first half of 2022 to a profit ofRMB2.1 million for the Reporting Period, primarily due to (i) the recoveryof customer traffic as economic activities returned to normal when thepandemic was over; (ii) the increase in the total number of the Group’srestaurants in operation from 1,008 as of 30 June 2022 to 1,094as of 30 June 2023, resulting from the rapid opening of restaurantsduring the Reporting Period and the successful expansion of restaurantnetwork to the southern region; and (iii) the increase in the Group’sother income by RMB42.7 million as of 30 June 2023 as comparedto that as of 30 June 2022. However, the Group’s profit was diluteddu