On March 26, GLONGHUI | Baifu Holdings (01488.HK) announced that for the year ended December 31, 2023, revenue was approximately RMB 611 million, up 13.6% year on year; adjusted loss during the year was approximately RMB 53.406 million; adjusted loss during the same period last year was approximately RMB 103 million; basic loss per share was RMB 9.61 points.

The Group's total system sales for 2023 (including sales of direct-run and franchised restaurants of all brands under the Group and associated companies) was RMB 3,750 billion, an increase of 40.4% over the same period in 2022; the number of stores of all brands under the Group and associated companies reached 1,060 as of December 31, 2023, compared with the net opening of more than 180 direct-run stores and franchised stores on December 31, 2022. The Group's revenue for 2023 was RMB 611 million, up 13.6% from 2022.