- Xiabuxiabu published an annual results announcement for the year ended Dec. 31, 2025, reporting revenue of RMB3.79 billion, down 20.3%.
- Loss before tax was RMB284.16 million, while loss attributable to owners was RMB300.55 million.
- Segment results were a loss of RMB128.65 million, with Xiabuxiabu segment results at RMB62.32 million and Coucou segment results at a loss of RMB200.35 million.
- Restaurant network actions included opening 54 Xiabuxiabu restaurants and three Coucou restaurants, and closing 56 Xiabuxiabu restaurants and 53 Coucou restaurants, mainly due to loss-making sites and locations viewed as mismatched to brand positioning.
- For 2026, management said it plans to open no fewer than 100 new restaurants and is targeting a Xiabuxiabu seat turnover rate of over 3.0x, while maintaining a prudent expansion approach for Coucou focused on core cities and premium districts.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Xiabuxiabu Catering Management (China) Holdings Co. Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260326-12069132), on March 26, 2026, and is solely responsible for the information contained therein.
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