Xiabuxiabu Catering Management Flags Revenue Decline; Shares Fall 14%

MT Newswires Live

03/09

Xiabuxiabu Catering Management (China) (HKG:0520) said it expects 290 million yuan to 310 million yuan in net loss for 2025, narrower than the 398 million yuan loss booked in 2024, according to a Hong Kong bourse filing Friday.

Shares of the restaurant operator fell over 14% in late morning trade Monday.

The reduction in loss comes even as the firm forecasts a 20% year on year decrease in revenue to 3.8 billion yuan.

Xiabuxiabu Catering said it expects the reduction thanks to structural optimization across its restaurants and cost-efficiency measures.

The company's annual financial results are due by the end of March.

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