BRIEF: Xiabuxiabu pares losses amid efficiency drive, store closures
Hotpot restaurant chain operator Xiabuxiabu Catering Management (China) Holdings Co. Ltd. (0520.HK) on Sunday said it expects to report revenue of about 1.9 billion yuan ($263 million) for the first half of 2025, down 18.9% year-over-year. It added its net loss for the period narrowed substantially to between 80 million yuan and 100 million yuan, compared with a loss of 274 million yuan a year earlier.
The company cited ongoing cost optimization measures, including its use of digitalized supply chains to cut expenses and boost efficiency, as well as upgrades of its logistics hubs, and strategic restaurant footprint adjustments. It closed underperforming outlets while focusing on higher-potential markets. As a result, its asset impairment losses are expected to drop sharply by 64.1% year-over-year.
Shares of Xiabuxiabu opened flat at HK$0.78 on Monday. The stock is down 22% since the beginning of this year.
By Lau Chi Hang
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