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+1.37%
Close of 9 Nov 2026, in HKD
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About Welife Technology
Its shares trade on HKEX under the ticker 1703.HK. It has been listed since 15 February 2019. In the fiscal year to 31 March 2026, it reported revenue of HK$323.7m and net income of HK$10.4m. At that date it held total assets of HK$111.1m and shareholders' equity of HK$19.1m.
Welife Technology Ltd. engages in the operation of restaurant. The company employs 224 full-time employees The company went IPO on 2019-02-15. The company operates Chinese restaurants under the brand names of Palace and Royal Courtyard. The firm is involved in the provision of Cantonese dining services and banquet services. The Cantonese dining services include the provision of Cantonese food, dim sum and seasonal food. Seasonal food includes rice cakes, rice dumplings, and moon cakes, among others. The firm also provides banquet services for events, including wedding, birthday parties, graduation dinners, babies’ hundred days celebration, corporate annual dinners and other celebration dinners.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Consumer Discretionary
- Industry
- Hotels, Restaurants & Leisure
- Listed since
- 15 Feb 2019
- Employees
- 224
- Website
- welifetech.net ↗
Leadership
Pay as last reported
- Mr. Pui Him ChuExecutive Director, since 2024
- Mr. Yin Cheuk LeungExecutive Director, since 2024
- Mr. Kim Hung YuHead of the Dim Sum Division
- Mr. Man Kit LamCompany Secretary
- Mr. Siu Keung FokNon-Executive Director
- Mr. Shik Ngor CharNon-Executive Independent Director
- Mr. Che Sang WongNon-Executive Independent Director
- Ms. Ming ZhaoNon-Executive Independent Director
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Welife Technology operates Chinese restaurants under Palace and Royal Courtyard brands.
- The company provides Cantonese dining services including dim sum and seasonal food like moon cakes.
- Welife employs 224 full-time employees focused on dining and banquet services.
Weaknesses
- Welife's business is limited to Cantonese dining and banquet services in Hong Kong.
- The company has no international presence beyond Hong Kong operations.
- Welife's IPO was on 15 February 2019 with no recent expansion plans.
Opportunities
- Welife can expand its seasonal food offerings to include more traditional Chinese dishes.
- The growing demand for Cantonese cuisine in Asia presents new market opportunities.
- Welife may introduce new banquet services for corporate events in Hong Kong.
Threats
- Welife faces competition from other Hong Kong restaurants without specific brand names.
- Economic downturns could reduce spending on dining and banquet services.
- The company's reliance on Hong Kong market limits growth potential.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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