Xiabuxiabu (00520) rose by more than 6% and rose 6.54% at press time to HK$1.63, with a turnover of HK$3.38 million.
The Zhitong Finance App learned that Xiabuxiabu (00520) rose by more than 6% and rose 6.54% at press time to HK$1.63, with a turnover of HK$3.38 million.
According to the news, the company announced its 2023 results, with revenue of about 5.918 billion yuan, an increase of 25.3%; loss attributable to company owners was about 199 million yuan, a year-on-year decrease of 43.5%; loss per share was 19.16 points, and a proposed final dividend of 0.028 yuan per share. In 2023, the revenue from Xiabuxiabu and Mowo Restaurant was still the main source of the Group's revenue, accounting for 95.9% of the Group's total revenue. Facing the current fiercely competitive catering market, Xiabu Xiabu achieved full time supply, multi-scenario expansion, and regional customization to increase the frequency of customers arriving at the store, so the turnover rate effectively increased from 2.0 in 2022 to 2.6 in 2023.
In addition, in 2023, the group opened a total of 186 new restaurants, including 131 Xiabu Xiabu restaurants, 48 Gumbo restaurants, and 7 burgers. Furthermore, due to the location of some restaurants unable to highlight Xiabuxiabu's “cost-effective” brand image, and due to various commercial reasons, the group closed a total of 114 restaurants in 2023, including 99 Xiabuxiabu restaurants and 15 pooled restaurants. In 2023, the total number of restaurants operating under the Group was 1,098.