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February 08, 2016 2:56 PM ET

Hotels, Restaurants and Leisure

Company Overview of Hop Hing Group Holdings Limited

Company Overview

Hop Hing Group Holdings Limited, an investment holding company, operates a chain of quick service restaurants under the brand names of Yoshinoya and Dairy Queen in the People’s Republic of China. As of December 31, 2014, the company operated 292 Yoshinoya and 133 Dairy Queen stores. It also engages in the agricultural operations; and provision of management services. Hop Hing Group Holdings Limited is headquartered in Yuen Long, Hong Kong.

Hop Hing building

Flat A, 2nd Floor

9 Ping Tong Street East

Tong Yan San Tsuen

Yuen Long,  

Hong Kong

7,460 Employees

Phone:

852 2785 2681

Fax:

852 2786 2155

Key Executives for Hop Hing Group Holdings Limited

Chief Executive Officer, Executive Director and Member of Nomination Committee
Age: 44
Total Annual Compensation: $3.1M
Group Comptroller, Company Secretary and Executive Director
Age: 55
Total Annual Compensation: $1.7M
Compensation as of Fiscal Year 2014.

Hop Hing Group Holdings Limited Key Developments

Hop Hing Group Appoints Wan Sai Cheong, Joseph as an Independent Non-Executive Director and as a Member of the Audit Committee, Effective February 2, 2016

Hop Hing Group announced that Mr. Wan Sai Cheong, Joseph has been appointed as an independent non-executive director of the company and a member of the audit committee of the company with effect from February 2, 2016.

Hop Hing Group Holdings Limited Provides Earnings Guidance for the Year Ended December 31, 2015

Hop Hing Group Holdings Limited provided earnings guidance for the year ended December 31, 2015. The Group is expected to record an increase of not less than 60% in its consolidated profit attributable to the shareholders of the company for the year ended December 31, 2015 as compared to that for the year ended December 31, 2014.

Hop Hing Group Holdings Limited Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2015

Hop Hing Group Holdings Limited reported unaudited consolidated earnings results for the six months ended June 30, 2015. For the quarter, the company reported turnover of HKD 1,014,791,000 against HKD 1,056,888,000 a year ago. Profit from operating activities was HKD 35,670,000 against HKD 24,432,000 a year ago. Profit before tax was HKD 35,172,000 against HKD 23,584,000 a year ago. Profit attributable to equity holders of the company was HKD 25,715,000 or 0.26 HK cents per basic and diluted share against HKD 17,478,000 or 0.17 HK cents per basic and diluted share a year ago. The higher profit for the period compared to the corresponding period in 2014 was mainly due to a reduced provision made in the period under review for closure of stores that did not meet internal profitability requirements and the inclusion of a currency exchange loss in the first half of last year. During the six months ended June 30, 2015, the Group acquired items of property, plant and equipment with a cost of HKD 40,242,000 against HKD 43,354,000 a year ago. In the first half of 2015, sales revenue dropped by 4.0%, which was mainly attributable to the decrease in customer traffic and the closure of certain under-performing stores in 2014 and the first half of this year. The decrease in customer traffic resulted from the weak consumption sentiment caused by the sluggish business environment. The call delivery and internet and WAP-based ordering systems implemented by the management in previous years have become an alternative source to capture orders, in particular, in the North East China region.

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