01978 LH GROUP
- 0.485
- +0.035+7.78%
LH GROUP News
Huang Geron: The dining industry in Hong Kong as a whole is shrinking, and operators are trying to transform as much as possible to meet market demand.
Chairman Wong Geron of Xu Fu Lou (01978.HK) expressed on his personal social platform that their "Meat and Rice" No. 2 shop, "The Matcha Tokyo", and Suzhou Noodle House "Xu. Xiao Mian" will be opening at Wharf Reic (01997.HK)'s Harbour City, with "Meat and Rice" No. 2 shop scheduled to open before Christmas. He mentioned that Hao Guo Days, KAMO, Brisket King, and Liang Sisters Cold Skin Noodles will be setting up at Kai Tak Sports Park. More details about the unique features and store addresses of different brands will be announced later. He further pointed out that the overall dining industry in Hong Kong is contracting.
LH GROUP: INTERIM REPORT 2024
The lh group (01978.HK) recorded a half-year loss of 26.54 million yuan, turning from profit to loss.
Lh Group (01978.HK) announced its interim performance for the six months ending in June, with revenue of 0.523 billion yuan, a year-on-year decrease of 20.9%. It recorded a loss of 26.54 million yuan, compared to a net profit of 47.55 million yuan in the same period last year, a change from profit to loss; a loss of 3.32 cents per share. No interim dividend will be distributed.
LH Group Reports Revenue Drop and Losses in H1 2024
LH GROUP: INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2024
Hong Kong Stocks End Flat in Negative Territory; LH Group Plunges 18%
LH Group Expects to Turn to Loss in H1; Shares Down 20%
Lh Group (01978.HK) is currently down 19%, expecting a loss of up to 30 million yuan in the mid-term profit.
Lh Group (01978.HK) issued a profit warning, opening low by 10% today, hitting a new low since March 2021 at 0.405 yuan, and once plummeting 26.4%. It is now reported at 0.445 yuan, down 19.09%, with a turnover of 4.152 million shares and a total of 1.7924 million yuan involved. The company stated that compared with a surplus of 47.6 million yuan in the same period last year, it is expected to incur a loss of no more than 30 million yuan by the end of June this year, mainly due to the global economic instability, geopolitical changes, continued weak domestic consumption and other factors, resulting in a decrease in income during the period; and certain properties of stores that did not perform as expected.
HK stocks anomalous | lh group (01978) fell more than 21% after warning of earnings, expected to turn from profit to loss in the first half of the year, up to a maximum of HKD 30 million.
Lh Group (01978) fell more than 21%, as of press time, down 21.82%, at HKD 0.43, with a turnover of HKD 1.17 million.
Chiu Fu Building (01978.HK) had a decrease in revenue. It is estimated that the company will lose up to 30 million yuan in the next six months.
lh group (01978.HK) issued a profit warning, and expects a loss of no more than 30 million yuan for the six months ended June, compared with a profit of 47.6 million yuan in the same period last year. The expected loss is mainly due to the global economic instability, geopolitical changes and the sustained local consumer ability, which led to a decrease in revenue during the period; and the provision for impairment of property, plant and equipment and the right-of-use assets for some underperforming branches.
LH Group Limited Forecasts H1 2024 Losses
Lh Group (01978) issued a profit warning, expecting that the mid-term losses attributable to shareholders will not exceed 30 million Hong Kong dollars, a year-on-year loss compared to profit.
Lh Group (01978) announced that it is expected to record... for the six months ending on June 30, 2024.
LH GROUP: PROFIT WARNING
LH Group Schedules Key Financial Meeting
lh group (01978.HK) will hold a board of directors meeting on August 27 to approve the interim performance.
Lh Group (01978.HK) announced on August 14th that the board of directors will hold a meeting on August 27th, 2024 to (including) consider and approve the group's mid-term performance announcement and publication ending on June 30th, 2024, as well as consider recommending to pay mid-term dividends (if any).
Hu Husong survey: Nearly 60% of restaurants believe that hot weather will drive an increase in take-out orders.
Online dining and delivery service platform Hohosung announced today (29th) the results of the "restaurant confidence index" survey for the second quarter of this year, reflecting that 57% of Hong Kong restaurants expect hot weather to drive growth in takeaway orders. The survey pointed out that Hong Kong's hot weather and the start of the Paris Olympics, 94% of restaurants believe that the role played by delivery platforms in their business will be equally or even more important in the future, an increase of nearly 10% from the first quarter of this year, a record high, reflecting that delivery platforms have become an indispensable part of restaurant operations. The survey also found that 33% of restaurants are preparing to launch seasonal limited-time dining during the summer vacation.
Xufulou (01978.HK), Huang Geron: The market is sluggish this year and we will be more conservative. The number of stores will not increase significantly.
Chairman and CEO of Xufulou (01978.HK), Huang Geron, posted on social media that due to poor consumer market conditions, a total of 7 branch stores have already been decided to close this year, including two hotpot restaurants that closed in March and April, as well as four that were announced last week.
Mainland China has raised the tax exemption limit for goods from Hong Kong and Macau. Sa Sa International Holdings (00178.HK) saw a 3% increase, while other retail stocks dominated.
Although the Mainland has implemented a relaxed duty-free quota for mainland tourists entering Hong Kong and Macao, local retail stocks are generally sluggish. Only Sa Sa (00178.HK) rose by 3.66%, up HKD 0.85 to HKD 0.84, up 2.44% for a turnover of 3.71 million shares, involving HKD 3.0657 million. Chow Sang Sang (00116.HK) is slightly weak, with the current price at HKD 7.18, down by 0.42%; Chow Tai Fook (01929.HK) is currently trading at HKD 8.57, up slightly by 0.59%. Wharf REIC (01997.HK), which operates Harbour City, is currently trading at HKD 20.9, up by 0.24%; Link Real Estate Investment Trust (00
Chu Fuk Lo (01978.HK) announced that Huang Geron will close four stores next month.
Chairman Huang Geron of Sukhothai (01978.HK) posted on his personal Facebook page that the company's management has decided to close four branches next month, namely the horns and MMC (beef hot pot) in Oi Kwan City on July 15th, and Yonghua daily and the second male horn in Taotai on July 31st.
LH GROUP: POLL RESULTS OF THE ANNUAL GENERAL MEETING HELD ON 6 JUNE 2024
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