XIABUXIABU (00520) announced its annual results for the period ended December 31, 2025. The group recorded revenue of 3.789 billion yuan, a decrease of 20.32% year-on-year. The loss attributable to the company's owners totaled 301 million yuan, narrowing by 24.99% compared to the previous year. The loss per share was 28.56 fen.

According to the announcement, the decline in revenue during the reporting period was primarily due to persistent intense industry competition, more rational consumer demand, and a net reduction of 52 restaurants compared to the same period last year. In 2025, the group opened 54 new XIABUXIABU restaurants and 3 new Coucou restaurants. Conversely, the group closed 56 XIABUXIABU restaurants and 53 Coucou restaurants. These closures were attributed to the fact that most of these restaurants were operating at a loss, were located in areas not aligned with the "high cost-effectiveness" model promoted by XIABUXIABU, and their operational models failed to adequately represent the brand image.

The group believes that through continuous optimization of its restaurant network, the company will be able to further enhance the overall profitability of its restaurants and continue to progress. As of December 31, 2025, the group owned and operated 755 XIABUXIABU restaurants across 78 cities in 16 provinces and autonomous regions in mainland China, as well as in the three municipal cities of Beijing, Tianjin, and Shanghai. Additionally, it owned and operated 3 XIABUXIABU restaurants outside mainland China. The group also owned and operated 131 Coucou restaurants in 29 cities across 13 provinces in China, including the three municipal cities of Beijing, Tianjin, and Shanghai, and operated 16 Coucou restaurants outside mainland China.