Xiabuxiabu: It is expected to incur a loss of 29-39 million yuan in the first half of 2026, compared to a loss of approximately 81 million yuan in the same period of 2025.

Xiabuxiabu announced that it expects revenues of approximately RMB 1.5 billion for the six months ending June 30, 2026, a decrease of about 23% compared to the revenue for the six months ending June 30, 2025. The anticipated net loss is expected to be between approximately RMB 29 million and RMB 39 million, compared to a net loss of approximately RMB 81 million for the same period in 2025, representing a reduction in losses of between approximately 64% and 51%. The significant decrease in losses is primarily due to the company's implementation of multifaceted quality and efficiency improvement measures, and it is expected that the provision for asset impairment losses related to the closure of underperforming and continuously loss-making restaurants will decrease by approximately 30% compared to the same period in 2025.