Jiumaojiu Broadcasts 2023 Annual Outcomes

HONG KONG, Mar 22, 2024 – (ACN Newswire) – Jiumaojiu Worldwide Holdings Restricted (“Jiumaojiu” or the “Firm” and its subsidiaries (collectively, the “Group”); Inventory Code: 9922HK) is happy to announce the audited consolidated outcomes of the Firm for the yr ended December 31, 2023.

Key Monetary Highlights

Income elevated by 49.4% from RMB4,005.7 million for the yr ended December 31, 2022 to RMB5,985.9 million for the yr ended December 31, 2023;
Internet revenue for the yr elevated considerably by 763.3% from RMB55.6 million for the yr ended December 31, 2022 to RMB480.0 million for the yr ended December 31, 2023;
Revenue for the yr attributable to fairness shareholders of the Firm elevated by 819.9% from RMB49.3 million for the yr ended December 31, 2022 to RMB453.5 million for the yr ended December 31, 2023;
Adjusted internet revenue elevated by 623.2% from RMB69.3 million for the yr ended December 31, 2022 to RMB501.2 million for the yr ended December 31, 2023.
Remaining dividend proposed after the top of the yr of HKD0.15 per bizarre share, representing a payout ratio of roughly 43.1percentof revenue for the yr attributable to fairness Shareholders.

Within the yr of 2023, the Group continued to stick to its multi-brand and multi-concept technique and explored new enterprise alternatives, aiming to additional broaden its market share and preserve its market place as a number one Chinese language delicacies restaurant model supervisor and operator within the Folks’s Republic of China. Within the yr of 2023, whole income of the Group elevated by 49.4% from RMB4,005.7 million for the yr ended December 31, 2022 to RMB5,985.9 million for the yr ended December 31, 2023, and its internet revenue for the yr elevated considerably by 763.3% from RMB55.6 million for the yr ended December 31, 2022 to RMB480.0 million for the yr ended December 31, 2023. Whereas the Group’s income is growing, it additional optimizes operational effectivity via efficient administration management, resulting in a considerable progress in income.

Regular Enlargement of Shops And Advancing Abroad Deployment

Following the relief of anti-pandemic measures towards the novel coronavirus COVID-19 (the “Pandemic”) and border reopening in early 2023, the Group adopted an lively enlargement technique and opened 180 new eating places in 2023, comprising 134 Tai Er eating places, 35 Music Sizzling Pot eating places, 4 Jiu Mao Jiu eating places, six Lai Mei Li Grilled Fish eating places and one Recent Wooden Beef Sizzling Pot(“Recent Wooden”) restaurant. As of December 31, 2023, the Group self-operated 726 eating places, protecting 142 cities within the PRC, Singapore, one metropolis in Canada, one metropolis in Malaysia, one metropolis in Thailand and two cities in the USA.

As of December 31, 2023, the Group had a complete of 578 Tai Er eating places, 62 Music Sizzling Pot eating places, 77 Jiumaojiu eating places, 1 Uncle Chef restaurant, 7 Lai Mei Li Grilled Fish eating places and 1 Recent Wooden restaurant. In 2023, the Group accelerates the restaurant community enlargement of Tai Er model and Music Sizzling Pot model, whereas optimize the operation of Lai Mei Li Grilled Fish model by restaurant renovation and menu upgrades. In the meantime, in July 2023, the Group launched its Recent Wooden model, positioned as a high-end model, to supply clients beef sizzling pot dishes utilizing pure and premium meals substances.

A number of Manufacturers beneath The Umbrella Flourishing And Operational Capabilities Repeatedly Strengthening

The Group generates income from 4 segments labeled by manufacturers, together with Tai Er, Music Sizzling Pot, Jiu Mao Jiu and all different manufacturers. Restaurant efficiency of a lot of the Group’s manufacturers improved in 2023. Income contribution from Tai Er, Music Sizzling Pot and Lai Mei Li Grilled Fish elevated by 44.3%, 210.4% and 272.3%, respectively. Furthermore, the desk turnover charges of Tai Er, Music Sizzling Pot, Jiu Mao Jiu and Lai Mei Li Grilled Fish additionally elevated, which had been primarily attributable to the rise in buyer visitors following the relief of anti-pandemic measures towards the Pandemic and border reopening in early 2023.

Income from Tai Er elevated by 44.0% from RMB3,108.3 million for the yr ended December 31, 2022 to RMB4,476.9 million for the yr ended December 31, 2023 primarily because of the restaurant community enlargement of Tai Er from 450 eating places as of December 31, 2022 to 578 eating places as of December 31, 2023. In the meantime, its enterprise operation has recovered from the Pandemic, resulting in the rise within the variety of working days in 2023 in comparison with that in 2022 and the rise in desk turnover price of Tai Er eating places from 3.5 in 2022 to 4.1 in 2023.

Income from Music Sizzling Pot elevated considerably by 210.4% from RMB259.8 million for the yr ended December 31, 2022 to RMB806.5 million for the yr ended December 31, 2023 primarily because of the restaurant community enlargement of Music Sizzling Pot from 27 eating places as of December 31, 2022 to 62 eating places as of December 31, 2023, and the rise in desk turnover price of Music Sizzling Pot eating places from 3.6 in 2022 to three.8 in 2023. As well as, income from Music Sizzling Pot as a proportion of whole income elevated from 6.5% in 2022 to 13.5% in 2023. As well as, Income from Jiu Mao Jiu remained comparatively secure at RMB605.5 million and RMB629.6 million for the years ended December 31, 2022 and 2023, respectively.

Restaurant Working And Supply Providers Concurrently to Collectively Enhance Group Progress

Providers supplied by the Group or actions it engages in presently comprise restaurant operations, supply enterprise and others, primarily together with gross sales of products and gross sales of specialties. In 2023, the Group skilled accelerated progress in each its restaurant operations and supply companies income.

Income from restaurant operations elevated by 58.2% from RMB3,203.2 million for the yr ended December 31, 2022 to RMB5,066.5 million for the yr ended December 31, 2023, primarily because of the Group’s restaurant community enlargement from 556 eating places as of December 31, 2022 to 726 eating places as of December 31, 2023 and the expansion in identical retailer gross sales because the variety of days of operation and desk turnover charges of the Group’s eating places elevated in 2023 amid the restoration of its enterprise operation from the Pandemic. Consequently, income from restaurant operations as a proportion of whole income elevated from 80.0% for the yr ended December 31, 2022 to 84.6% for the yr ended December 31, 2023.

As well as, Income from supply enterprise elevated by 14.5% from RMB787.1 million for the yr ended December 31, 2022 to RMB901.2 million for the yr ended December 31, 2023, primarily as a consequence of a rise within the variety of eating places that provided supply companies together with the Group’s restaurant community enlargement.

Sooner or later, the Group stays absolutely dedicated to offering marvelous eating expertise to clients via beautiful dishes, high-quality companies and distinctive eating atmosphere. By replicating the Group’s success via additional enlargement; frequently increasing into extra market segments by pursuing a multi-brand and multi-concept technique; frequently strengthening the Group’s provide and assist capabilities; increasing into the worldwide markets to achieve worldwide presence; introducing franchise and cooperative mannequin for regional and worldwide enlargement, the Group maintains the group’s robust market place and improve its competitiveness, with the intention to preserve a powerful market place and enhancing its competitiveness.

Suggest Distributing Remaining Dividends to Showcase Confidence in Company Progress

The Board is dedicated to growing returns for the shareholders of the Firm (the “Shareholders”). For the yr ended December 31, 2023, other than using roughly HKD150.0 million for share repurchases on market, the Board additionally proposes to distribute a remaining dividend of HKD0.15 per bizarre share (totalling roughly HKD215.4 million), which represents a payout ratio of roughly 43.1% of revenue for the yr attributable to fairness Shareholders. Going ahead, after an intensive reevaluation of the Group’s monetary efficiency, monetary place, and strategic improvement plans for the long run, the Board intends to take care of a dividend payout ratio of a minimum of 40% of revenue for the yr attributable to fairness shareholders.

About Jiumaojiu Worldwide Holdings Restricted

Jiumaojiu Worldwide Holdings Restricted is a number one chained Chinese language delicacies restaurant model supervisor and operator, specializing in serving cuisines with fast companies, and creating an informal and upscale atmosphere with trendy ornament of eating places that are primarily situated in procuring malls. As of December 31, 2023, the Group self-operated 726 eating places, protecting 142 cities within the PRC, Singapore, one metropolis in Canada, one metropolis in Malaysia, one metropolis in Thailand and two cities in the USA.

Matter: Press launch abstract

Sectors: Day by day Finance

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