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Public company info - LH Group Limited , 01978.HK
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LH Group Limited, 01978.HK - Company Profile
Chairman Wong Kit Lung Simon
Share Issued (share) 800,000,000
Par Currency Hong Kong Dollar
Par Value 0.1
Industry Restaurants & Fast Food Shops
Corporate Profile Business Summary: The Group is principally engaged as full-service restaurants operator serving Asian cuisine including Japanese, Korean, Cantonese and Shanghainese cuisine in Hong Kong. Performance for the year: The Group’s revenue increased by approximately 0.2%, or approximately HK$1.7 million, from approximately HK$1,004.1 million for the year ended 31 December 2018 to approximately HK$1,005.8 million for the year ended 31 December 2019. Profit for the year ended 31 December 2019 decreased by approximately 132.0%, or approximately HK$46.4 million, from profit of approximately HK$35.2 million for the year ended 31 December 2018 to loss of approximately HK$11.3 million for the year ended 31 December 2019. Business Review: The Group are a top full service multi-brand restaurant group in Hong Kong specialising in Asian (in particular Japanese) and Cantonese cuisine. As at 31 December 2019, the Group operated two Cantonese restaurants under two selfowned brands in Hong Kong, namely, “LHGrand (叙福樓金閣)” and “Pot Master (煲仔王)”; and 36 Asian restaurants under two self-owned brands, namely, “Mou Mou Club (牛涮鍋)” and “Peace Cuisine (和平飯店)”, and four franchised brands, namely “Gyu-Kaku (牛角)”, “Gyu-Kaku Jinan-Bou (牛角次男坊)”, “On-Yasai (溫野菜)” and “Yoogane (柳氏家)”, which served quality, value-for-money delicacies to diversified customer segments seeking a wide array of culinary experiences. The Group pride ourselves in the extensive market coverage of the Group’s brand portfolio, which allows us to tap into customer segments spanning across mid-to-high end market to mass market with different culinary preferences. Prospects: The COVID-19 outbreak in early 2020 will undermine catering businesses in Hong Kong, and the Group expect the outbreak would continue to adversely affect the Group’s business significantly in the remaining of the year. Furthermore, the remnant issues since 2019, such as the macro risks arising from ongoing international trade negotiations, import tariff changes implemented by countries and challenges alongside geopolitical uncertainties, would still be posing challenges to both local business environment and consumer confidence in the industry and affecting the outlook for 2020. In view of the above, the Group’s business and financial performance in 2020 is enveloped by a multitude of uncertainties and macro risks. In the face of numerous obstacles in 2020, the Group has been and will continue to be proactively negotiating with landlords on rent concession and reduction, and adjusted the operating hours of the restaurant outlets and roster of staff members in order to optimise staff and other operating costs. Heightening of hygiene and epidemic prevention requirements, which are of vital importance, will also be kept strictly in place. The management of the Group will remain dedicated to weathering the storm and will approach the remainder of the year with caution and market responsiveness and closely monitor the latest developments in order to make flexible business and strategy adjustment in a timely manner to minimise any potential unfavourable impacts on the Group’s businesses.

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