BRIEF: Xiaocaiyuan profit jumps on improved efficiencies
Restaurant operator Xiaocaiyuan International Holding Ltd. (0999.HK) said on Friday it expects to report strong profit growth for the first half of 2025 thanks to steps it took to improve its operating efficiency.
The company expects to report a profit of 360 million yuan ($51 million) and 380 million yuan for the six-month period, whose midpoint would represent 32% growth from its 280 million yuan profit in the year-ago-period.
“The increase in net profit was mainly due to the fact that the group adopted various measures to optimize operational efficiency, strictly control costs and expenses, and deepen refined management, which contributed to the significant improvement in the group’s overall operating efficiency,” the company said.
Xiaocaiyuan’s stock opened higher on Monday, and was up 4.7% at HK$9.79 in early trading. The stock is up about 15% from its IPO price of HK$8.50 last December.
By Doug Young
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