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May 04, 2015 10:41 AM 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

7,946 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: 43
Total Annual Compensation: $3.2M
Group Comptroller, Company Secretary and Executive Director
Age: 54
Total Annual Compensation: $2.4M
Compensation as of Fiscal Year 2013.

Hop Hing Group Holdings Limited Key Developments

Hop Hing Group Holdings Limited Announces the Resignation of Siu Wai Keung as an Independent Non-Executive Director with Effect from May 1, 2015

The board of directors of Hop Hing Group Holdings Limited announced that Mr. Siu Wai Keung has tendered his resignation as an independent non-executive director of the company with effect from May 1, 2015 due to his other engagements which require more of his time and attention.

Hop Hing Group Holdings Limited Reports Audited Consolidated Cash Flow Results for the Year Ended December 31, 2014

Hop Hing Group Holdings Limited reported audited consolidated cash flow results for the year ended December 31, 2014. For the year, the company reported Net cash flows from operating activities was HKD 192,567,000 compared to HKD 200,379,000 a year ago. Purchases of items of property, plant and equipment was HKD 104,045,000 compare to HKD 160,098,000 a year ago.

Hop Hing Group Holdings Limited Recommends Final Dividend, Payable on June 30, 2015; Reports Consolidated Earnings Results for the Year Ended December 31, 2014

The Directors of Hop Hing Group Holdings Limited recommend the payment of a final dividend of HK 0.25 cent per share for the year ended 31 December 2014 against HK 0.25 cent per share a year ago. The final dividend will be distributed on June 30, 2015 to shareholders whose names appear on the register of members of the company as at June 8, 2015. The company reported consolidated earnings results for the year ended December 31, 2014. For the period, turnover was HKD 2,157,873,000 against HKD 2,110,664,000 for the same period in the last year, mainly attributable to growth in same store sales and additional sales generated by new stores opened in the preceding year. Profit from operating activities from continuing operations was HKD 48,284,000 against HKD 86,902,000 for the same period in the last year. Profit before tax from continuing operations was HKD 46,896,000 against HKD 84,461,000 for the same period in the last year. Profit for the year from continuing operations was HKD 35,365,000 against HKD 65,676,000 for the same period in the last year. Profit attributable to equity holders of the company was HKD 35,365,000 against HKD 13,980,000 for the same period in the last year. Earnings per diluted share attributable to equity holders of the company from continuing operations were 0.35 cents against 0.66 cents for the same period in the last year. Earnings before interest, taxation and depreciation and amortisation (EBITDA) for the year amounted to HKD 185.5 million, declining by 12.5% when compared to HKD 211.9 million for the preceding year. The decline in profit from the continuing operations of the Group was mainly due to the increase in labour and rental costs, write-off costs associated with store closures, and provisions within general and administrative expenses.

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