Hong Kong-listed casual-dining operator Tai Hing Group reported a strong rebound for the six months ended 30 June 2026. Revenue rose 8.2% year on year to HK$1.85 billion, driven by increased customer traffic and higher per-head spending at core brands.

Gross profit expanded 8.3% to HK$1.36 billion, lifting gross margin by 0.1 percentage point to 73.5%. Cost of materials consumed represented 26.5% of revenue, marginally lower than the 26.6% recorded a year earlier, reflecting tighter procurement and production efficiencies.

Profit before tax advanced 70.4% to HK$96.02 million, while profit attributable to shareholders surged 83.5% to HK$74.88 million. Basic earnings per share improved to HK7.71 cents from HK4.19 cents. Return on equity increased to 8.2%, up 3.6 percentage points.

Operating metrics showed further cost discipline: • Staff expenses declined to 35.6% of revenue (1H2025: 36.0%), totalling HK$658.86 million. • Amortisation of right-of-use assets, rental and related costs fell to 14.0% of revenue (1H2025: 15.1%). • Excluding one-off impairments and write-offs, other operating expenses ratio improved to 13.0% (1H2025: 13.4%).

The group ended June with HK$484.15 million in cash and no bank borrowings, underscoring a solid liquidity profile. Net current liabilities narrowed to HK$100.56 million, and the adjusted current ratio (excluding lease and contract liabilities) remained stable at 1.7 times. Gearing fell to 49.6% from 55.6% at end-2025.

Geographically, Hong Kong and Macau contributed HK$1.72 billion of external sales, while Mainland China added HK$132.73 million. The store network totalled 218 restaurants—191 in Hong Kong & Macau and 27 on the Mainland.

Segment highlights: • Flagship brand “Tai Hing” generated HK$696.20 million, accounting for 37.6% of group revenue. • “Men Wah Bing Teng” delivered HK$475.10 million, 25.6% of the total. • “Asam Chicken Rice” sales climbed 13.9% to HK$147.40 million. • “Trusty Congee King” grew 31.3% to HK$106.10 million and earned its 16th consecutive Michelin Bib Gourmand recognition.

The board declared an interim dividend of HK6.20 cents per share, up from HK3.50 cents a year earlier, payable on or before 9 October 2026 to shareholders on record as of 23 September 2026.

Management reaffirmed confidence in long-term growth, citing a multi-brand strategy, disciplined store expansion and continued digital investments to enhance operational efficiency and customer engagement.