Changes in Hong Kong stocks | Little Vegetable Garden (00999) rose more than 10%, and the mid-term dividend payout rate reached 86%, and the strategic focus was adjusted to the dine-in business

The Zhitong Finance App learned that Little Vegetable Garden (00999) rose by more than 10%. As of press release, it had risen 8.72% to HK$8.04, with a turnover of HK$1.5413 million.

According to news, in the first half of this year, Little Vegetable Garden achieved revenue of 2,903 billion yuan, an increase of 7% over the previous year; however, net profit to mother was 290 million yuan, a decrease of 24.2% over the previous year. The decline in profits is mainly due to the company actively adjusting prices to improve cost performance, leading to an increase in raw material and employee costs as a share of revenue. It is worth mentioning that the board of directors resolved to pay an interim dividend of 0.2139 yuan per share, totaling about 250 million yuan, with a dividend ratio of 86.3%.

Breaking down revenue performance, dine-in business revenue in the first half of the year was 1,945 million yuan, up 18.1% year on year, accounting for 67.00% of revenue; takeout business revenue was 945 million yuan, down 10.6% year on year. According to Huaxi Securities, the company's strategic focus was adjusted to the dine-in business, driving up dine-in traffic and turnover in various tier cities through a price-for-volume strategy, which led to an increase in dine-in business revenue.