Xiabuxiabu Catering Management (China) Holdings Co., Ltd. (Stock Code: 00520) released a preliminary update indicating 2025 revenue of about 3.80 billion RMB, representing a 20.00% decrease compared to 2024. The net loss is anticipated to be between 290.00 million RMB and 310.00 million RMB, down from 398.00 million RMB in the previous year, signifying a reduction of roughly 22.20% to 27.20%.

The announcement attributes the improved loss figure to structural optimization and cost-efficiency strategies. Restaurant network adjustments, including the systematic closure of underperforming locations, led to a 51.40% drop in provision for asset impairment losses compared to 2024. Digital procurement, streamlined inventory management, and gift card promotions further contributed to enhanced membership conversion rates and increased member spending.

According to the announcement, ongoing measures include leveraging the Group’s wholly owned meat-processing subsidiary for an integrated supply chain, introducing new brands such as “Xiabu Pasture” and “Xia Niu Pai,” and deploying a “Phoenix Return” partnership mechanism for enhanced operational performance at the Xiabu brand. In addition, the Group intends to expand its on-demand delivery service ecosystem and adopt a dual model of “selected à la carte + Joyful All-You-Can-Eat buffet” under the Coucou brand to drive customer traffic.

The final results for the year ended 31 December 2025 are yet to be audited and will be published by the end of March 2026. Shareholders and potential investors are advised to closely monitor official announcements for updated information.