XIABUXIABU announced its 2024 performance, with a total loss attributable to shareholders of approximately 401 million yuan, an increase of 100.88% year-on-year

XIABUXIABU announced its 2024 performance, with revenue of approximately 4.755 billion yuan, a year-on-year decrease of 19.7%. The loss attributable to the company's owners was approximately 401 million yuan, a year-on-year increase of 100.88%. In 2024, 78 new restaurants were opened, while 219 were closed, bringing the total number of operating restaurants to 957. Despite facing fierce competition, XIABUXIABU has increased customer visit frequency through multi-scenario expansion and the delivery of cooked food product lines. In 2025, the plan is to open no less than 95 new restaurants in major cities, with a target turnover rate of at least 3 times