Guangzhou Xiao Noodles Catering Management Co., Ltd. (XIAO NOODLES) released its 2026 interim report, highlighting robust top-line growth, margin improvement and an aggressive store-expansion roadmap.

Revenue for the six months ended 30 June 2026 jumped 33.6% year on year to RMB 939.36 million, powered by continued restaurant rollout and stronger delivery sales. Profit attributable to equity shareholders climbed 51.2% to RMB 63.26 million, while adjusted net profit rose 40.0% to RMB 73.06 million, lifting the adjusted net margin to 7.8% from 7.4%.

The chain expanded to 550 restaurants (451 self-operated, 99 franchised), up 31.9% versus a year earlier. Group GMV reached RMB 1.03 billion, a 29.1% increase. Management’s price-cut strategy reduced same-store average ticket to RMB 27.7 but boosted average daily orders to 401 from 372, underpinning traffic and sales momentum.

Cash and cash equivalents stood at RMB 235.22 million (31 Dec 2025: RMB 676.54 million) after shifting RMB 380.07 million into time deposits. Short-term borrowings of RMB 16.00 million lifted the gearing ratio to 2.0%, while the current ratio eased to 1.38. Capital expenditures totalled RMB 55.20 million.

The Board refrained from declaring an interim dividend, prioritising reinvestment and shareholder returns through buybacks. Between February and June, XIAO NOODLES repurchased 18.14 million H shares for HKD 77.40 million (approx. RMB 68.08 million), to be cancelled.

Looking ahead, management reaffirmed plans to open 150–180 new restaurants in 2026; 84 had opened and 93 were in pre-opening stages by 10 August 2026. No material post-period events affecting operations were reported.