Xiabu Xiabu Dining Management (China) Holdings Co., Ltd. issued a profit warning, forecasting a net loss of approximately 0.26 to 0.28 billion yuan in the first half of 2024, a significant decrease compared to a net profit of 2.12 million yuan in the same period in 2023. This loss is primarily due to weak market consumption, intense competition, and the expected closure of loss-making restaurants. The company is responding to these challenges by optimizing its operating model, improving its brand image, and strengthening its online platform strategy. The company will release its mid-term performance announcement before the end of August 2024.

Xiabu Xiabu Dining Management (China) Holdings Co., Ltd. issued a profit warning, forecasting a net loss of approximately 0.26 to 0.28 billion yuan in the first half of 2024, a significant decrease compared to a net profit of 2.12 million yuan in the same period in 2023. This loss is primarily due to weak market consumption, intense competition, and the expected closure of loss-making restaurants. The company is responding to these challenges by optimizing its operating model, improving its brand image, and strengthening its online platform strategy. The company will release its mid-term performance announcement before the end of August 2024.