Tan's International Limited has released its 2023/24 annual report, reporting a group revenue of HKD 2,748.4 million for the fiscal year 2024, a year-on-year increase of 5.9%. Annual profit was HKD 117.0 million, a growth of 34.2% compared to last year, not including government subsidies. Operating profit in the Hong Kong market was HKD 473.2 million, while markets outside of Hong Kong recorded an operating loss of HKD 14.1 million. The company announced a dividend of 8.9 Hong Kong cents per share, with a payout ratio of 100%. Geographically, the revenue structure is composed of 93.5% in the Hong Kong market and 6.5% in the mainland China and overseas markets. As of March 31, Tan's has 238 restaurants in Asia and has expanded overseas in Australia and the Philippines through...Show More

Tan's International Limited has released its 2023/24 annual report, reporting a group revenue of HKD 2,748.4 million for the fiscal year 2024, a year-on-year increase of 5.9%. Annual profit was HKD 117.0 million, a growth of 34.2% compared to last year, not including government subsidies. Operating profit in the Hong Kong market was HKD 473.2 million, while markets outside of Hong Kong recorded an operating loss of HKD 14.1 million. The company announced a dividend of 8.9 Hong Kong cents per share, with a payout ratio of 100%. Geographically, the revenue structure is composed of 93.5% in the Hong Kong market and 6.5% in the mainland China and overseas markets. As of March 31, Tan's has 238 restaurants in Asia and has expanded overseas in Australia and the Philippines through joint ventures and franchising models. In terms of takeaway and delivery revenue, 40.5% comes from mainland China and overseas markets, and 59.5% from dine-in in Hong Kong. Annual profit and profit margin increased from 11.3% to 16.0%. The international self-operated restaurant network has a total of 229 restaurants. The five-year financial summary shows that the company's income has steadily grown. The company is committed to providing customers with new dining experiences and innovative food, and promises to carry out digital transformation to improve customer experience and operational efficiency. The plan is to expand Tan's taste globally and adopt localization strategies in overseas markets. Chairman Mr. Lau Tat Man emphasized the challenges and achievements of the past year and the importance of corporate governance and stakeholder participation in the report. The report also analyzed revenue and profit in detail, reviewed restaurant network expansion and performance, and discussed future business development and strategy.