XIABUXIABU CATERING MANAGEMENT (CHINA) HOLDINGS CO., LTD. 2021 INTERIM REPORT
CONTENTS
2 Corporate information
4 Business overview and outlook
- Management discussion and analysis
- Other information
35 Report on review of condensed consolidated financial statements
37 Condensed consolidated statement of
profit or loss and other comprehensive income
38 Condensed consolidated statement of financial position
- Condensed consolidated statement of changes in equity
- Condensed consolidated statement of cash flows
- Notes to the condensed consolidated
financial statements
CORPORATE INFORMATION
BOARD OF DIRECTORS
Executive Directors
Mr. Ho Kuang-Chi(Chairman)
Ms. Zhao Yi (Removed on 28 July 2021)
Non-executive Directors
Ms. Chen Su-Yin
Mr. Zhang Chi
Independent Non-executive Directors
Ms. Hsieh Lily Hui-yun
Mr. Hon Ping Cho Terence
Ms. Cheung Sze Man
Alternate Director
Ms. Li Jie (alternate to Mr. Zhang Chi)
AUDIT COMMITTEE
Ms. Hsieh Lily Hui-yun(Chairman)
Mr. Zhang Chi (Ms. Li Jie as his alternate) Mr. Hon Ping Cho Terence
NOMINATION COMMITTEE
Mr. Ho Kuang-Chi(Chairman)
Ms. Hsieh Lily Hui-yun
Ms. Cheung Sze Man
REMUNERATION COMMITTEE
Mr. Hon Ping Cho Terence (Chairman)
Mr. Ho Kuang-Chi
Ms. Cheung Sze Man
COMPANY SECRETARY
Ms. Tam Shuk Wah Carrie
AUDITOR
Deloitte Touche Tohmatsu
Certified Public Accountants
35/F, One Pacific Place
88 Queensway Hong Kong
COMPANY'S WEBSITE
www.xiabu.com
STOCK CODE
520
HEADQUARTERS AND PRINCIPAL PLACE OF BUSINESS IN THE PRC
Suncun Industrial Development Zone
Huangcun Town
Daxing District
Beijing
PRC
CAYMAN ISLANDS PRINCIPAL SHARE REGISTRAR AND TRANSFER AGENT
Conyers Trust Company (Cayman) Limited
2901 One Exchange Square
Connaught Place
Central
Hong Kong
2 XIABUXIABU CATERING MANAGEMENT (CHINA) HOLDINGS CO., LTD.
HONG KONG SHARE REGISTRAR
Computershare Hong Kong Investor Services Limited
Shops 1712-1716, 17th Floor
Hopewell Centre
183 Queen's Road East
Wanchai
Hong Kong
REGISTERED OFFICE IN CAYMAN ISLANDS
Cricket Square
Hutchins Drive
P.O. Box 2681
Grand Cayman
KY1-1111
Cayman Islands
PRINCIPAL PLACE OF BUSINESS IN HONG KONG
Room 1201, 12/F
OfficePlus @Wan Chai
No. 303 Hennessy Road
Wanchai
Hong Kong
CORPORATE INFORMATION
LEGAL ADVISER
Morrison & Foerster
PRINCIPAL BANKS
Bank of China
China Merchants Bank
Shanghai Pudong Development Bank
Fubon Bank
ICBC Bank
China Construction Bank
INVESTOR RELATIONS
Tel: 36895925
E-mail: ir@xiabu.com
2021 INTERIM REPORT 3
BUSINESS REVIEW AND OUTLOOK
OVERVIEW
In the first half of 2021, the Group opened 40 new Xiabuxiabu-branded restaurants and operated 1,077 restaurants in 21 provinces and 3 centrally administered municipalities in China namely in Beijing, Tianjin and Shanghai. The Group also opened 9 new Coucou-branded restaurants and operated 149 restaurants in 18 provinces and in three centrally administered municipalities, namely in Beijing, Tianjin and Shanghai, and in Hong Kong.
The Group's revenue increased by 58.5% from RMB1,921.9 million in the first half of 2020 to RMB3,046.9 million in the same period in 2021. The sales from the Xiabuxiabu brand increased by 50.6% from RMB1,240.1 million in the first half of 2020 to RMB1,867.4 million. The sales generated from the Coucou brand increased by 90.0% from RMB593.0 million in first half of 2020 to RMB1,126.5 million for the same period in 2021. The loss for the period had significantly reduced from RMB252.1 million in the first half of 2020 to RMB46.9 million in 2021. Although the loss has been narrowed down, we were unable to deliver profit. Through a thorough review of the Xiabuxiabu brand operations, we will need to continue to work hard going forward.
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Xiabuxiabu Catering Management (China) Holdings Co. Ltd. published this content on 28 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 September 2021 13:31:06 UTC.
