XIABUXIABU (00520) announced its interim results for the six months ended June 30, 2025. The group recorded revenue of RMB 1.942 billion, representing a year-on-year decrease of 18.88%. The loss attributable to owners of the company totaled RMB 84.079 million, down 69.18% compared to the same period last year. Loss per share was 8.01 cents.
According to the announcement, XIABUXIABU's sales decreased by 13.5% from RMB 1.313 billion in the first half of 2024 to RMB 1.135 billion in the reporting period. Coucu's sales declined by 25.8% from RMB 1.005 billion in the first half of 2024 to RMB 745 million in the reporting period.
The group's pre-tax loss significantly decreased by 71.6% from RMB 267 million in the first half of 2024 to RMB 75.7 million in the reporting period. Net loss substantially reduced by 70.5% from RMB 274 million in the first half of 2024 to RMB 80.8 million in the reporting period.
The improvement was primarily attributed to the group's continued commitment to cost optimization, driving structural cost reduction and efficiency improvement through digitalized supply chains, leveraging collective procurement advantages, and establishing collaborative supplier networks. The company continuously upgraded new logistics hubs and standardized processes, optimized delivery network routes, achieved operational efficiency improvements and comprehensive cost reductions, and enhanced operational benefits. Through optimizing restaurant layout structure, including closing underperforming restaurants and focusing new restaurant additions on high-potential areas, the company comprehensively improved restaurant operational efficiency. Due to these measures, asset impairment losses for closed and continuously loss-making restaurants decreased significantly by approximately 64.1% compared to the same period in 2024.
The group has consistently maintained robust cash flow and sound financial position while advancing various operational management initiatives. These include implementing restaurant network renewal strategies, achieving resource reallocation and efficiency enhancement through precise positioning in high-potential areas and structural clearing of underperforming restaurants, establishing new paradigms for lean cost management. The company deepened its instant delivery service ecosystem layout, driving high-quality business scale expansion and structural improvement in operational benefits. It strategically expanded prepaid consumption models, optimizing discount outcomes through dynamic value governance mechanisms to achieve synergistic resonance between operating revenue growth and profit margin enhancement. Additionally, the company advanced deep cooperation plans with leading animation IPs, deeply engaging young consumer groups through co-branded product development, themed store renovations, and digital marketing, reshaping brand vitality and building strong new growth engines.