The latest announcement is out from Jiumaojiu International Holdings Ltd. ( (HK:9922) ).
Jiumaojiu International Holdings Ltd. announced its audited consolidated results for the year ending December 31, 2024, showing a slight increase in revenue to RMB 6,073,644,000 from RMB 5,985,850,000 in 2023. Despite the revenue growth, the company experienced a significant decline in profit before taxation and profit for the year, attributed to decreased store-level operating profit and core operating profit. The company also proposed a final and special dividend, reflecting its commitment to returning value to shareholders. Operationally, the company expanded its number of restaurants but faced challenges in seat and table turnover rates and same-store sales growth, indicating a potential need for strategic adjustments to enhance operational efficiency and market competitiveness.
More about Jiumaojiu International Holdings Ltd.
Jiumaojiu International Holdings Ltd. is a company incorporated in the Cayman Islands, operating primarily in the restaurant industry. It manages a portfolio of self-operated and franchised restaurants, including brands like Tai Er, Song Hot Pot, and Jiu Mao Jiu, focusing on offering diverse dining experiences to its customers.
YTD Price Performance: -11.37%
Average Trading Volume: 26,717,131
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$4.25B
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