5 8 月, 2022

Mitsubishi Heavy Industries Achieves 22% YoY Increase in Order Intake and 52% YoY Increase in Net Profit in a Challenging First Quarter

TOKYO, Aug 5, 2022 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Heavy Industries (TSE Code: 7011) announced that order intake rose 22.3% year-over-year to YEN917.8 billion in the quarter ended June 30, 2022. Revenue rose 2.3% to YEN871.3 billion year-over-year, resulting in business profit(1) of YEN14.9 billion, a 30.4% decrease from the previous fiscal year, which represents a profit margin of 1.7%. Net profit was YEN19.1 billion, an increase of 51.7% year-over-year, with a profit margin of 2.2%. EBITDA was YEN47.2 billion, a 12.2% decrease from FY2021, with a profit margin of 5.4%, down 0.9 percentage points year-over-year.Highlights:- Order intake, revenue, and net profit all exceeded Q1 FY2021 results, continuing upward trend from FY2020.- Contracts executed for five large frame Gas Turbine Combined Cycle (GTCC) units in Americas, EMEA, and Asia. Strong order growth in Metals Machinery as capital expenditures by steelmakers in Asia and Americas increased.- Materials cost inflation and supply chain disruptions continued, particularly affecting Logistics, Thermal & Drive Systems segment. Price optimizations underway to mitigate these effects in second half FY2022.- Charges booked in Energy Systems, including downsizing of European coal-fired thermal power business as capacity adjusted to match long-term objectives in region.- Fixed cost reductions and strategic asset sales progressing in accordance with 2021 Medium-Term Business Plan.CFO Message:"MHI is proud to have achieved strong orders in all segments in the first quarter of this fiscal year," Hisato Kozawa, Member of the Board, Executive Vice President, and Chief Financial Officer of MHI commented. "Considering the mid- to long-term market outlook in the EMEA region, we began reducing the scale of operations in our European coal-fired thermal power business and booked some charges associated with these actions. In parallel, MHI is looking to increase our presence in EMEA through the Energy Transition by offering decarbonization solutions as well as core technologies including hydrogen utilization and CO2 Capture, Utilization, and Storage (CCUS)."Mr. Kozawa continued, "Despite securing YEN19.1 billion in net profit, the business environment remains challenging. In the first quarter, materials and logistics cost inflation and supply chain disruptions, including the lockdowns in China, continued to impact our businesses for longer than initially projected. As concerns of recession in North America and Europe mount, we will strive to improve profitability through various measures such as price optimization and further fixed cost reductions in the second half of the fiscal year."(1) Profit before finance income, finance expenses, and income taxesFor more informaton, visit www.mhi.com/news/22080501.html. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

29 6 月, 2022

Hypebeast Ltd. (0150.HK) ended the financial year with another all-time high in revenue and profitability

HONG KONG, Jun 29, 2022 - (ACN Newswire via SEAPRWire.com) - Hypebeast Limited (Stock Code: 0150.HK) is the global leading platform for contemporary culture and lifestyle, and a premier destination for editorially-driven commerce and news. The Board of Directors of Hypebeast Limited has announced the Group's annual results for the year ended 31 March 2022 ("FY2022"). -- Revenue amounted to HK$895.6 million in FY2022, up from HK$674.2 million in FY2021, representing an increase of HK$221.4 million or 32.8%.-- Gross profit margin rose by 11.7 percentage points from 49.6% in FY2021 to 61.3% in FY2022. -- The Group delivered net profit of HK$100.2 million for FY2022, a 41.9% increase compared to FY2021. The increase translated to an improvement of net profit margin by 0.7 percentage points, resulting in an increase from 10.5% in FY2021 to 11.2% in FY2022.-- Total value in signed contracts for the Media Segment increased by 31.7% during FY2022 as compared to the prior year.-- 12-month average website monthly unique visitors (number of user who requests web pages across Hypebeast, Hypebae and Popbee platforms in a month) amounted to 16.4 million, representing a 5.1% increase over FY2021, and aggregated social media following (total number of followers on all third-party social media platforms, including but not limited to Facebook, Instagram, Twitter) increased from 26.1 million as at 31 March 2021 to 32.4 million as at 31 March 2022.The Group recorded strong revenue growth in FY2022 and reported another all-time high in revenue and profitability. Revenue amounted to HK$895.6 million in FY2022, up from HK$674.2 million in FY2021, representing an increase of HK$221.4 million or 32.8%. Gross profit margin rose by 11.7 percentage points from 49.6% in FY2021 to 61.3% in FY2022. The Group delivered net profit of HK$100.2 million for FY2022, a 41.9% increase compared to FY2021. The increase translated to an improvement of net profit margin by 0.7 percentage points, resulting in an increase from 10.5% in FY2021 to 11.2% in FY2022.Demand for the Group's media and agency services remained strong, with total value in signed contracts for the Media Segment having increased by 31.7% during FY2022 as compared to the prior year. As COVID-19 pandemic's intensity wanes and pandemic-related restrictions continue to ease, the Group's events production and offline partnerships under the Media Segment have surpassed pre-COVID-19 and FY2019 levels. The Group noted increasing demand for offline campaigns and activations as global marketing spend continues to expand. 12-month average website monthly unique visitors (number of user who requests web pages across Hypebeast, Hypebae and Popbee platforms in a month) amounted to 16.4 million, representing a 5.1% increase over FY2021, and aggregated social media following (total number of followers on all third-party social media platforms, including but not limited to Facebook, Instagram, Twitter) increased from 26.1 million as at 31 March 2021 to 32.4 million as at 31 March 2022. The Group aims to attract and reach a wider user-customer base through its development of new editorial properties, such as Hypegolf that focuses on golf and lifestyle, Hypeart on art and artists, and Hypemoon on Web 3.0 projects and technologies. The Group continues to explore similar opportunities by establishing various online and offline channels and touchpoints in order to drive the Group's brand awareness and increase engagement with new and existing users and customers. The HBX physical retail shop located in Central, Hong Kong remains a strong marketing window and attraction point for customers to participate in the Hypebeast ecosystem offline. In addition, the Group's U.S. flagship store opened in June 2022 (subsequent to the reporting financial year), spanning seven floors, housing the U.S. East Coast office, the HBX New York flagship store, a Hypebeans cafee, as well as event spaces. The New York flagship store will support execution and accelerate growth of our strong North American customer base and serve as a focused point of marketing for the E-Commerce and Retail Segment. Kevin Ma, Executive Director, Chairman, and CEO of Hypebeast, said: "We have recorded yet another all-time high in revenue and profitability, showing the strategic choices made both before and during the unprecedented COVID-19 context have paid off. The FY2022 result is the best demonstration of how the Group is geographically and strategically well-positioned to continue to capture further growth opportunities. Despite today's uncertainties, we are ambitious and will continue to focus on building and strengthening all facets of Hypebeast through market expansion, category diversification, and offering an omnichannel experience through our e-commerce platform and physical stores, in particular the newly opened HBX New York flagship store."A breakdown of this year's financial highlight is as follows:FY2022 HK$'000 FY2021 HK$'000Revenue 895,632 674,212Gross Profit 549,313 334,127Gross Profit Margin 61.3% 49.6%Selling and marketing expenses (160,391) (112,791)Administration and operating expenses (202,650) (125,005)Professional fees related to the Merger (30,185) -EBITDA (Note) 174,252 122,596Net profit 100,167 70,584Net profit margin 11.2% 10.5%Earnings per share- Basic (HK cent) 4.88 3.47- Diluted (HK cent) 4.87 3.45Note: Earnings before interest, tax, depreciation and amortization ("EBITDA") is calculated as profit before tax + interest expense + depreciation + amortization expense.For further details on the Annual Results performance, visit the Group's corporate website to view the full results announcement.https://hypebeast.ltd/investorsFor investor inquiries, please contact:investors@hypebeast.com For more information, please contact:media@hypebeast.com Strategic Financial Relations LimitedVicky Lee Tel: (852) 2864 4834 Email: vicky.lee@sprg.com.hkIvy Chan Tel: (852) 2864 4890 Email: ivy.chan@sprg.com.hkWebsite: https://www.sprg.asia/ About Hypebeast Ltd. (Stock Code: 0150.HK)Hypebeast is a leading global platform for contemporary culture and lifestyle, and a premier destination for editorially-driven commerce and content. Founded in 2005, it became a publicly listed media company in 2016 and today boasts a global readership across North America, Asia Pacific, Europe and more. The Group has expanded its publishing brands to a wider scope in recent years, encompassing Hypebeast and its multiple content distribution platforms, e-commerce and physical store HBX, and agency Hypemaker. For more information, please visit www.hypebeast.ltd. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

12 11 月, 2021

Tam Jai International’s Revenue Increases by 43% to HK$1,181 Million and Adjusted Profit Surges by 108% to HK$147 Million in 1H2022

HONG KONG, Nov 12, 2021 - (ACN Newswire via SEAPRWire.com) - Tam Jai International Co. Limited ("TJI" or the "Company"; TJI together with its subsidiaries as the "Group"; HKEX stock code: 2217), a leading and renowned mixian-specialised fast casual restaurant chain in Hong Kong, Mainland China and Singapore, announced its first interim results after listing. The Group has achieved remarkable results, with revenue soared by 43.0% year-to-year to HK$1,181.5 million. Taking out non-recurring listing expenses and government subsidies in relation to COVID-19, its adjusted profit surged by 107.8% to HK$147.0 million. This demonstrates the real strengths of TJI.HighlightsPromising results in 1H2022-- Revenue increased by 43.0% to HK$1,181.5 million, mainly attributable to the increased number of restaurants in operation and substantial growth in comparable restaurants revenue, which has already recovered to pre-COVID-19 level.-- Operating profit of restaurant operations increased by 96.7% to HK$303.3 million, with the operating profit margin up by 7.0 percentage points to 25.7%-- Excluding the non-recurring listing expenses and government subsidies in relation to COVID-19, adjusted profit increased by 107.8% to HK$147.0 million, with adjusted profit margin up by 3.8 percentage points to 12.4%-- The profit margin improvement was attributable to the increase in revenue, reduction of cost of food and beverages consumed and staff costs as a percentage of revenue.Growing footprint-- As at 30 September 2021, there were 157 restaurants in operation across Hong Kong, Mainland China and Singapore, a net increase of 26 restaurants as compared to 30 September 2020.-- The development outside of Hong Kong is aligned with management's expectations with new restaurants in Mainland China mirrored the growth trajectory of the operations in Hong Kong-- In 2H2022, TJI aims to open 14 new restaurants in Hong Kong, a few more restaurants in Greater Bay Area, Singapore and enter the Japan market.For the six months ended 30 September 2021 ("1H2022"), the Group sees a gradual recovery in consumer spending as restaurant operators continue to adjust to new market norms, such as cost control and supply chain challenges as restaurants strive to balance food quality and price and the surging demand for takeaway and online delivery orders. These factors have made the Group's business more resilient as it navigates industry challenges and achieves an outstanding business performance.During 1H2022, the Group's revenue increased by 43.0% year-on-year to HK$1,181.5 million, mainly attributable to the increase in the number of restaurants in operation and substantial growth in comparable restaurants revenue. Correspondingly, operating profit of its restaurant operations climbed by 96.7% to HK$303.3 million, with the operating profit margin having improved by 7.0 percentage points to reach 25.7% thanks to the increase in revenue, reduction of cost of food and beverages consumed and staff costs as a percentage of revenue. Excluding the non-recurring listing expenses and government subsidies in relation to COVID-19, adjusted profit for the period increased remarkably by 107.8% to HK$147.0 million, with adjusted profit margin up by 3.8 percentage points to 12.4%.Business ReviewComparable restaurants revenue back to pre-COVID-19 levelThe comparable restaurant revenue of TJI's Hong Kong restaurants in 1H2022 has already substantially recovered to pre-COVID-19 level, despite the ongoing social distancing measures and restrictions on both seating and dining hours. The key to such an outstanding performance is the strong recognition of its brand. As it endeavours to expand the variety of its menu offerings, the Group has introduced new products and premium toppings, as well as the suggestive selling of snacks and drinks in special takeaway combo offers, which have been warmly received by its customers.Additionally, the Group's successful branding and promotional campaigns, including creating social media content and connections, and various series of collaboration and promotions have also enhanced its brand awareness and visitations significantly. This is especially important in the time of the pandemic, which limits the physical travel distance of residents.Increase in operating profit margin: optimisation and agilityDespite the ongoing challenges posed by COVID-19, TJI has been able to widen its profit margin by placing agility and optimisation at the heart of its business strategies. This has enabled TJI to bring costs under control. For example, the integration of the central kitchens of both the TamJai Yunnan Mixian ("TamJai") and TamJai SamGor Mixian ("SamGor") brands brought about savings on the operating cost and strengthened its ongoing partnership with its suppliers. The great variety of toppings and snacks also afford it the agility in supply chain management, both in terms of inventory and cost control. The Group has also been able to introduce premium toppings, promotions on delivery platforms, which not only add to the increase in average spending per customer, but also improves the profit margin of its restaurant operations. The Group has demonstrated agility in the "Smart Rostering" (flexible work hour management) of its staff, too. When COVID-19-related regulations came and went with short notice, it was able to shift its frontline staff around the different workstations, from kitchen, takeaway and delivery order processing to the cashier desk, serving and more. Thanks to the efficient streamlining of restaurant operations and its ongoing investment in employee training, the Group's frontline staff adapted quickly. This minimised disruption to the people in its restaurants, to whom it owes its success, and optimised the use of its existing manpower as it navigated a series of new challenges.Expansion of restaurant networkAs at 30 September 2021, TJI's total number of restaurants expanded to 157, a total net increase of 26 restaurants from 131 as at 30 September 2020. Its extensive restaurant network includes 150 in Hong Kong, 4 in Shenzhen and 3 in Singapore in 1H2022.The restaurant network expansion in Hong Kong has been one of the main contributing factors to the Group's increase in revenue, as it goes hand-in-hand with the increase in average spending per customer and average daily number of bowls served per seat. Its expanding restaurant network is complementary to the delivery service coverage throughout the city, as it is well aware of the importance of takeaway and delivery orders amid the ongoing pandemic.The development outside of Hong Kong is aligned with management's expectations. Its new restaurants in Shenzhen mirrored the growth trajectory of the operations in Hong Kong. All of them have met management's expectations in terms of revenue and operating profit margin at restaurant level. The Group will further invest in its management team and infrastructure in Greater Bay Area, including a training centre for frontline staff, to fuel its high-speed growth in the market. ProspectsTamJai and SamGor are known for their great variety of food choices and the versatility of their recipes, and TJI will continue to leverage these strengths to attract and retain customers. The Group will launch new and premium toppings to tantalise the taste buds of its patrons. It will also implement new supply chain management systems to optimise cost control and to keep its inventory well-stocked. Aware of the changes in customer behaviour in light of the pandemic, the Group is also investing in additional operating equipment and new technologies such as supply chain management, a customer relationship management system and a voice ordering system to further enhance restaurant-level efficiency in serving dine-in, takeaway, and delivery orders.Noting that brand loyalty is one of the key factors for success, the Group is looking into increasing its investment in branding campaigns, especially in markets outside Hong Kong, investing in strengthening its relationship with stakeholders through the launch of various corporate social responsibility programmes, and demonstrating its commitment to its employees' happiness by investing in their wellbeing, training and development.In terms of growing its restaurant network, it aims to open 14 new restaurants in Hong Kong by end of March 2022, during which the Group also plans to open a few more restaurants in the Greater Bay Area and Singapore. In Japan, with the strong support of Toridoll Holdings Corporation (the Company's controlling shareholder incorporated in Japan and listed on the Tokyo Stock Exchange), the Group looks forward to opening two new restaurants in the first quarter of 2022, and anticipates their success.Mr. Daren Lau, Chairman, Executive Director and Chief Executive Officer of TJI, said, "Subsequent to the successful listing in October 2021, we are very pleased to have reached yet another milestone in our development by achieving record-high revenue and widening our operating profit margin despite the ongoing pandemic situation. This outstanding performance was the result of placing agility and optimisation at the heart of our business strategies, and acts as a strong testament to our one-of-a-kind status in Hong Kong's food and catering scene. Building on the successful listing and our solid foundation, we will go further in bringing our distinctive Tam Jai Taste to the world while creating greater value for our shareholders."About Tam Jai International Co. Limited (HKEX: 2217)Tam Jai International is the No.1 Asian noodle specialty restaurant operator in Hong Kong*. It is a leading and renowned restaurant chain operator of the TamJai Yunnan Mixian and TamJai SamGor Mixian branded fast casual resturant chains in Hong Kong, with operations also in Mainland China and Singapore. As at 30 September 2021, the Group operated a total of 157 restaurants, comprising 150 restaurants covering all 18 districts across Hong Kong Island, Kowloon and New Territories, four TamJai restaurants in Shenzhen, Mainland China and three SamGor restaurants in Singapore. TJI's controlling shareholder, Toridoll Holdings Corporation, is incorporated in Japan and listed on Tokyo Stock Exchange.* In terms of both revenue and number of restaurants in 2020, according to Euromonitor Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)