Tongqinglou Catering Co., Ltd. reported earnings results for the half year ended June 30, 2024. For the half year, the company reported sales was CNY 1,127.91 million compared to CNY 968.57 million a year ago. Revenue was CNY 1,271.27 million compared to CNY 1,081.93 million a year ago.
Net income was CNY 80.95 million compared to CNY 145.59 million a year ago. Basic earnings per share from continuing operations was CNY 0.31 compared to CNY 0.56 a year ago. Diluted earnings per share from continuing operations was CNY 0.31 compared to CNY 0.56 a year ago.
TongQingLou Catering Co Ltd is a China-based company primarily engaged in catering business. The Company operates three businesses. The catering business is primarily engaged in the operation of restaurants, as well as the traditional Jiangnan pastry brand TongQing Gaotuan, and the Jiangnan morning tea and Cantonese brunch brand Qing Xiaoyue. The hotel business is primarily engaged in the operation of the Fillmore brand hotels. The food business is primarily engaged in the development and sales of various traditional Chinese foods, including xiaolongbao (soup dumplings), roubao (meat buns), shumai (steamed dumplings), stinky mandarin fish, roast chicken, meatballs, zongzi (sticky rice dumplings), and mooncakes. The Company primarily operates its businesses in the domestic market.
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