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Volume 2.2M
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As of 4:01 AM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).

hop hing group holdings ltd (47) Snapshot

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09/2/13 - $0.36
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hop hing group holdings ltd (47) Details

Hop Hing Group Holdings Limited, an investment holding company, operates various quick service restaurants under the brand names of Yoshinoya and Dairy Queen. As of December 31, 2013, the company operated 440 stores, including 304 Yoshinoya stores and 136 Dairy Queen stores in the northern regions of the People’s Republic of China. In addition, it is involved in the agricultural operations; and provision of management services. The company is headquartered in Yuen Long, Hong Kong.

hop hing group holdings ltd (47) Top Compensated Officers

Chief Executive Officer, Executive Director a...
Total Annual Compensation: $3.2M
Group Comptroller, Company Secretary and Exec...
Total Annual Compensation: $2.4M
Compensation as of Fiscal Year 2013.

hop hing group holdings ltd (47) Key Developments

Hop Hing Group Holdings Limited Provides Earnings Guidance for the Six Months Ended June 30, 2014

Hop Hing Group Holdings Limited provided earnings guidance for the six months ended June 30, 2014. Based on the information currently available to the board, the group is expecting to record a significant decrease in the consolidated profit from the QSR Business as compared to that for the six months ended June 30, 2013. The expected decline in the consolidated profit from the QSR Business is mainly attributable to, in the first half of 2014, the recovery pace of the Chinese economy was slow and the consumption sentiment in the franchise region remained weak. Businesses within the retail sector continue to face difficulties under the ‘Three Highs and One Low’ operating environment. In response to the difficult environment, the Group has adjusted its operating strategies and consequently the sales performance of the QSR Business has recorded positive growth. However, the additional income and gross profit could not completely offset all of the increasing operating & administrative costs, including labor, rental, utility & advertising costs; to further improve the quality of the company’s store network and prepare for the future healthy growth of the company’s Group, the management is actively evaluating the performance of the company’s existing stores. Provisions have been made for certain stores that did not meet internal profitability requirements and that would be closed in the near future, and the depreciation of the Renminbi has resulted in a currency exchange loss being recorded by the Group in the period under review.

Hop Hing Group Holdings Limited Approves Final Dividend for the Year Ended 31 December 2013

Hop Hing Group Holdings Limited at its annual general meeting held on June 05, 2014, approved a final dividend of 0.25 HK cents per ordinary share for the year ended 31 December 2013.

Hop Hing Group Holdings Limited Announces Sales Results for the First Quarter Ended March 31, 2014

Hop Hing Group Holdings Limited announced sales results for the first quarter ended March 31, 2014. For the quarter, the Group has delivered a 2.1% increase in its same stores sales in the quarter under review. During this quarter, the Group's sales recorded a year-on-year growth of 4.7%. This improvement was mainly attributable to the increase in its same stores sales, the new stores opened last year and during the quarter under review as well as the steady sales growth of delivery service particularly after the launch of web-ordering in December 2013.


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