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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments