Ocean Bump International Holdings Limited announced its interim results for the six months ended June 30, 2024. The revenue for the period reached RMB 21,490,903 thousand, an increase of 13.8% compared to the same period last year. The main source of income for Ocean Bump Restaurants accounted for 95.0% of the total revenue. The pre-tax surplus was RMB 2,888,060 thousand, while the surplus for the period was RMB 2,033,103 thousand, a decrease of 10.0% compared to the same period last year, mainly due to the impact of changes in foreign exchange gains and losses and the cancellation of the preferential policy for Value Added Tax in mainland China. The core operating profit (measured in accordance with non-international financial reporting standards) was RMB 2,798,866 thousand, an increase of...Show More

Ocean Bump International Holdings Limited announced its interim results for the six months ended June 30, 2024. The revenue for the period reached RMB 21,490,903 thousand, an increase of 13.8% compared to the same period last year. The main source of income for Ocean Bump Restaurants accounted for 95.0% of the total revenue. The pre-tax surplus was RMB 2,888,060 thousand, while the surplus for the period was RMB 2,033,103 thousand, a decrease of 10.0% compared to the same period last year, mainly due to the impact of changes in foreign exchange gains and losses and the cancellation of the preferential policy for Value Added Tax in mainland China. The core operating profit (measured in accordance with non-international financial reporting standards) was RMB 2,798,866 thousand, an increase of 13.0% compared to the same period last year. In addition, the company declared an interim dividend of HKD 0.391 per share, expected to be paid to shareholders on or before October 2, 2024. The company continued to expand during the reporting period, opening 11 new restaurants and closing 43 underperforming stores. As of the end of the reporting period, a total of 1,343 Ocean Bump Restaurants were in operation. The company also launched a number of new measures, including the "Pomegranate Plan" to encourage the incubation and development of more dining brands, and to carry out brand innovation.