According to the Zhitong Finance App, Daoxiang Holdings (00573) announced full-year results for 2023, with revenue of approximately HK$2,949 million, up 22.8% year on year; profit attributable to owners of the parent company was HK$73.655 million, while a loss of HK$143 million was recorded in the same period in 2022; basic profit per share was HK$7.26 cents; and a proposed final dividend of HK$3 per share.
According to reports, the mainland China business achieved revenue of HK$1,166 billion during the year, up 6.5% from 2022. Revenue growth in mainland China was modest, mainly due to the closure of several restaurants during the year. However, Daoxiang developed a variety of banquet menus and carried out renovation projects, which increased banquet sales by 30% to 40%. Furthermore, the Group continues to improve customer service quality through intensive training programs and successfully attract more customers.