Xiaocaiyuan International Holding Ltd. released audited results for the year ended 31 December 2025.

• Revenue rose 2.6% year-on-year to RMB5.35 billion, driven by a 2.2% increase in restaurant sales and a 3.0% rise in delivery revenue.

• Net profit advanced 23.2% to RMB715.09 million; net margin widened to 13.4% from 11.1% a year earlier. Basic EPS grew to RMB0.61 versus RMB0.56.

• The Board proposed a final dividend of RMB0.2125 per share. Together with the interim payout, the full-year payout ratio reaches 69.8%.

• Gross profit came in at RMB3.76 billion with a margin of 70.4%, up 1.5 percentage points. Raw-material cost ratio fell to 29.6% (2024: 31.9%) on supply-chain efficiencies.

• Same-store sales slipped 9.4% to RMB4.19 billion following strategic menu price adjustments and focus on dine-in traffic.

• Store network expanded by a net 146 units to 819 outlets (807 under the Xiaocaiyuan brand) across 14 provinces; 42.5% of stores are located in tier-three or lower-tier cities.

• Total assets reached RMB3.80 billion while net assets stood at RMB2.44 billion. Gearing ratio was 4.1% following a new RMB100 million short-term loan. Cash and cash equivalents were RMB297.79 million; time deposits and wealth-management products totalled RMB1.30 billion.

• Adjusted EBITDA climbed 24.6% to RMB1.21 billion; adjusted net profit was RMB715.09 million.

Operational Metrics • Average daily table turnover remained at 3.0 times; first-tier city turnover held at 3.1 times. • Average spending per dine-in customer dropped to RMB56.1 (2024: RMB59.2). • Delivery orders increased to 34.3 million (2024: 29.0 million).

Strategic Highlights • Construction of an intelligent central factory in Ma’anshan progressed on schedule, with commissioning targeted for 1H 2026 to enhance standardisation and cost control. • Digital transformation continued, integrating front-end, mid-office and supply-chain data; wider membership tiers such as “88VIP” were launched to boost repeat purchases. • Overseas expansion will begin with Hong Kong, and the Group will explore diversification into new retail formats.

Outlook Management will focus on product quality, digital and technological innovation, steady nationwide roll-out, and prudent overseas entry while maintaining a long-term, steady growth strategy.