Company: CCHH
Filing Date: 2025-08-27
Form Type: F-1
Source: 0001213900-25-081009
Chunk: 69

Company: CCH Holdings Ltd
Filing Date: 2025-08-27
Form: F-1
Chunk 69
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 -ownedrestaurant operations. Payroll costs.Our payroll costs including salaries and related social insurance costs for restaurant staff decreased from US$2.41 million for the year ended December31, 2023 to US$1.98 million for the year ended December31, 2024, mainly due to the optimization in restaurant staff headcount and reduction in bonus provision related sales incentives, which was in line with the decreased revenues from company -ownedrestaurant operations. Rental costs.Our rental costs incurred for restaurant premises were US$0.99 million and US$0.92 million for the years ended December31, 2023 and 2024, respectively, which remained relatively stable. Utilities costs.Our utilities costs incurred for restaurants’ daily operations were US$0.35 million and US$0.35 million for the years ended December31, 2023 and 2024, respectively, which remained relatively stable. Depreciation of property and equipment.Our depreciation of property and equipment primarily including depreciation of leasehold improvements and equipment used for restaurant operations, and depreciation of buildings for leasing out, decreased from US$0.29 million for the year ended December31, 2023 to US$0.23 million for the year ended December31, 2024, which due to the disposal of property and equipment in one restaurant outlet. Repairs and maintenance costs.Our repairs and maintenance costs decreased from US$0.31 million for the year ended December31, 2023 to US$0.10 million for the year ended December31, 2024 mainly due to the decrease of consumable tool expenses for repairs and maintenance. 49 Others.Our other miscellaneous costs were approximately US$0.02 million for the year ended December31, 2023 to US$0.02 million for the year ended December31, 2024, respectively. Gross Profit and Gross Profit Margin Our gross profits were US$2.21 million and US$2.41 million for the years ended December31, 2023 and 2024, respectively, representing a gross profit margin of 22.6% and 27.0%, respectively, primarily attributable to our efforts in further optimization in standardized operations to avoid waste of food ingredients and redundant staff, which led to improvement in overall cost control, especially in the material costs, payroll costs, and repairs and maintenance costs. Operating Expenses Selling and Marketing Expenses Our selling and marketing expenses decreased by 46.5%, from US$0.49 million for the year ended December31, 2023