According to the Zhitong Finance App, Baifu Holdings (01488) announced its 2023 results, with revenue of about 611 million yuan, an increase of 13.6% over the previous year. The adjusted loss was 53.406 million yuan, down 48.14% year on year; loss attributable to the company's equity holders was about 152 million yuan, down 2.93% year on year; loss per share was 9.61 points.

According to the announcement, the increase in revenue was mainly due to the cancellation of control measures against the novel coronavirus epidemic, increased restaurant traffic, and improved operations.