XIABUXIABU partner stores increased to 13, first batch of stores' revenue rose by 30% year-on-year

XIABUXIABU (00520.HK) launched its second "Phoenix Returns" partner program this month, with the number of partner stores increasing to 13 and internal partners exceeding 50. The group indicated that since signing contracts with the first batch of partners, the management fee rate for partner stores has been reduced by 2%, and the dividend distribution period has been adjusted from quarterly to monthly; the revenue of the first batch of partner stores has increased by over 30% year-on-year, with a profit margin exceeding 30%.

The group's founder and chairman, He Guangqi, stated that after employees transitioned to partners, their work enthusiasm significantly increased, proactively extending closing hours, meticulously managing to avoid food waste, and improving work efficiency through optimized staff scheduling, thereby enhancing the overall operational effectiveness of the stores