BRIEF: Jiumaojiu profit plunges on intensifying competition
Restaurant operator Jiumaojiu International Holdings Ltd. (9922.HK) said on Monday it expects to report its profit tumbled 89% in 2024 to 50 million yuan ($688.7 million) or more, from 454…
An ‘Old Hen’-turned-chic chick flocks to Hong Kong for IPO
Chicken restaurant operator LXJ International is banking on its long history and homey image as it ramps up a franchise model to boost its business Key Takeaways: LXJ International has…
Xiaocaiyuan sets the table for Hong Kong IPO. But is the timing right?
China’s largest “cheap eats” restaurant chain was cleared by the Hong Kong Stock Exchange to make its IPO after its third filing this year Key Takeaways: Xiaocaiyuan has passed the…
Café de Coral slumps as dark clouds hover over restaurant industry
Hong Kong’s leading fast-food operator and rival Fairwood have both issued profit warnings this month as growing consumer caution takes a bite from their business Key Takeaways: Café de Coral…
BRIEF: Shanghai XNG first-half loss balloons
Restaurant operator Shanghai XNG Holdings Ltd. (3666.HK) warned on Wednesday that it will report a loss of up to 30 million yuan ($4.21 million) for the first half of this…
Jiumaojiu Closes Out 2022 With Wash of Red, But Sees Tastier Times Post-Covid
The operator of a popular restaurant chain serving ‘sauerkraut fish’ posted a rare loss in the second half of last year, but is seen bouncing back strongly in 2023Key Takeaways:Jiumaojiu’s…
