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Best Food Holding Co. Ltd. ( (HK:1488) ) has provided an announcement.
Best Food Holding Company Limited reported a challenging financial year ending December 2024, with a revenue decrease of 22.3% compared to the previous year, and a loss of RMB 257.851 million. Despite the overall industry pressure from increased competition and price wars, the company saw a 6.1% increase in total system sales and expanded its store network by over 110 new locations. Brands like HHG and Xinladao are focusing on innovation and expansion to counter market pressures, while Yujian Xiaomian and King of Clay Pot have achieved notable growth and profitability, indicating potential areas of strength within the company’s portfolio.
More about Best Food Holding Co. Ltd.
Best Food Holding Company Limited operates in the food and beverage industry, focusing on the operation and investment in various food brands such as Xinladao fish hot pot, HHG Chinese fast food, and Yujian Xiaomian Sichuan and Chongqing style fast food, among others. The company is engaged in both owned and franchised restaurant operations, with a significant presence in the Chinese market.
YTD Price Performance: 5.26%
Average Trading Volume: 237,500
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.58B
For a thorough assessment of 1488 stock, go to TipRanks’ Stock Analysis page.