XIABUXIABU (00520) is expected to narrow its net loss to approximately 290 million to 310 million yuan in 2025, a decrease of about 22.2% to 27.2% year-on-year.

XIABUXIABU (00520) announced that the Group's expected revenue for the year ending December 31, 2025 is approximately RMB 3.8 billion, a decrease of about 20% compared to the year ending December 31, 2024. However, compared to a net loss of RMB 398 million for the year ending December 31, 2024, the Group expects to achieve a net loss ranging from approximately RMB 290 million to RMB 310 million for the year ending December 31, 2025, a decrease of about 22.2% to 27.2% compared to the same period in 2024. The Group's expected reduction in net loss for the year ending December 31, 2025 is mainly attributed to the Group's firm efforts to promote structural optimization and cost reduction initiatives for its restaurants during the year, including focusing on regional refined operations, orderly closure of inefficient and loss-making restaurants, consolidating the overall health of the restaurant network, and significantly reducing the provision for impairment losses of assets related to closed and continuously loss-making restaurants by about 51.4% compared to the same period in 2024; continued commitment to cost optimization, achieving digitization and online management of procurement orders, overall inventory, and restaurant replenishment, leveraging the unified coordination of the supply chain platform to coordinate national regional distribution centers and logistics service providers, and achieve overall resource planning; and refining membership operations, strategically selling gift cards during the year to increase the conversion rate of new member registrations and overall member consumption percentage compared to the same period in 2024. In response to the challenges in the food and beverage market and changing consumer demands, the Group will continue to actively promote various front-end business innovations and refine all operational management, including deepening the integration model of "control at the source-centralized processing-direct supply of multiple brands" relying on the scale advantages of the Group's wholly-owned subsidiary meat processing enterprise, providing stable and cost-effective centralized supply for innovative formats launched by the Group such as "Xiabu Ranch" and "Xiabu Steak", further strengthening the long-term competitive barriers of the autonomous and controllable supply chain; deepening the value concept of "sharing achievements with strugglers" of the Xiabu brand, and improving the "Phoenix Returns to the Nest" partnership mechanism in the future to promote risk sharing and benefit sharing, expected to effectively stimulate organizational vitality and restaurant performance; breaking the centralized management model, dividing national operations into multiple regions for management to promote refined management of restaurants, enhance management efficiency and market response speed; further deepening the layout of instant delivery service ecosystem, structured improvement of business scale, quality, and operational benefits, and the full implementation of the "selection of single point + happy enjoying" dual operational mode by Coucoubin brand, covering diverse consumption scenes, effectively driving restaurant customer flow and table turnover growth.