Group 1: Market Overview - The Hong Kong stock market opened lower but rebounded, with the Hang Seng Index closing at 24,627.25 points, up 119.44 points, or 0.49% [1] - The Hang Seng Tech Index also rose, closing at 5,447.62 points, up 50.22 points, or 0.93% [1] - Gold stocks in Hong Kong surged, with Shandong Gold and Chifeng Gold rising over 9% due to increased attractiveness of gold amid Fed rate cut expectations [1][16] Group 2: Company Performance - Xia Bo Xia Bo - Xia Bo Xia Bo, known as the "first rotating hot pot stock," announced a projected revenue of approximately RMB 1.9 billion for the first half of the year, a year-on-year decrease of about 18.9% [3] - The company expects a net loss between RMB 80 million to 100 million, with a year-on-year decline in losses of approximately 63.2% to 70.5% [3] - Since 2021, Xia Bo Xia Bo has faced continuous losses, accumulating a total loss of approximately RMB 1.326 billion from 2021 to 2024 [4] Group 3: Stock Performance - Xia Bo Xia Bo - Xia Bo Xia Bo's stock price fell nearly 4% in early trading, with a cumulative decline of over 92% since its peak in January 2023, leaving a market capitalization of only HKD 815 million [5] - The stock price was reported at HKD 0.75 per share, reflecting a drop of 3.85% [5][6] Group 4: Gold Market Dynamics - The recent surge in gold prices, with London gold spot prices rising over 2% to USD 3,362.64 per ounce, has been attributed to increasing expectations of a Fed rate cut [16] - This rise in gold prices has led to a significant increase in the stock prices of gold companies in Hong Kong, with several stocks rising over 8% [15][16] Group 5: InnoTek's Market Activity - InnoTek's stock price increased by over 40% in two trading days, driven by a partnership with NVIDIA to promote an 800 VDC power architecture for AI data centers [9][12] - The stock price reached HKD 62.65, with a market capitalization of HKD 56.03 billion [11]

Group 1 - The company, Xiaobuxiang, expects revenue for the six months ending June 30, 2025, to be approximately RMB 1.9 billion, representing a year-on-year decrease of about 18.9% [1] - The company anticipates a net loss ranging from approximately RMB 80 million to RMB 100 million, with a year-on-year decline in loss between approximately 63.2% and 70.5% [1]

Core Viewpoint - The company expects a significant reduction in net loss for the six months ending June 30, 2025, despite a decrease in revenue compared to the same period in 2024 [1] Financial Performance - Revenue is projected to be approximately 1.9 billion RMB, representing a decrease of about 18.9% compared to the same period in 2024 [1] - The net loss is estimated to be between 80 million to 100 million RMB, a substantial improvement from a net loss of 274 million RMB in 2024, reflecting a reduction of approximately 63.2% to 70.5% [1] Cost Optimization Strategies - The company attributes the expected reduction in net loss to ongoing cost optimization efforts, including digital supply chain initiatives aimed at structural cost reduction and efficiency improvement [1] - The company is leveraging collective procurement advantages to enhance supplier collaboration [1] - Upgrades to logistics hubs and standardized processes are being implemented to optimize delivery routes, thereby improving operational efficiency and reducing overall costs [1] Restaurant Operations - The company is optimizing restaurant layout by closing underperforming locations and opening new restaurants in high-potential areas to enhance operational efficiency [1] - The expected impairment losses related to the closure of underperforming restaurants and ongoing losses are projected to decrease significantly by approximately 64.1% compared to the same period in 2024 [1]

Core Viewpoint - The company expects a revenue of approximately 1.9 billion RMB in the first half of 2025, representing a year-on-year decline of 18.9% while net losses are projected to be between 80 million to 100 million RMB, significantly narrowing from a loss of 274 million RMB in the same period last year [1] Group 1: Financial Performance - Revenue for the first half of 2025 is anticipated to be around 1.9 billion RMB, down 18.9% year-on-year [1] - Projected net loss is between 80 million to 100 million RMB, a substantial reduction of 63.2% to 70.5% compared to last year's loss of 274 million RMB [1] Group 2: Operational Strategies - The company is implementing a restaurant network renewal strategy to optimize resources and improve efficiency by focusing on high-potential areas and closing underperforming outlets [1] - There is a focus on enhancing the instant delivery service ecosystem to drive business scale expansion and improve operational efficiency [1] - The company aims to strategically expand its prepaid consumption model to optimize discounts through dynamic value management, thereby increasing operational revenue and profit margins [1] - Collaboration with leading anime IPs is being pursued to reach younger consumer groups through co-branded products, store renovations, and digital marketing, aiming to rejuvenate brand vitality [1]

智通财经APP讯，呷哺呷哺(00520)发布公告，集团预期截至2025年6月30日止6个月收入约为人民币 19 亿元，相较于截至2024年6月30日止6个月收入减少约18.9%。相较于截至2024年6月30日止6个月集团取 得净亏损人民币2.74亿元，集团预期于截至2025年6月30日止6个月将取得净亏损介乎约人民币0.8亿元至 1.0亿元之间，亏损较2024年同期大幅收窄，降幅介乎约63.2%至70.5%之间。 集团一直确保现金流稳健及财务状况良好，同时推展各项营运管理，包括(i)实施餐厅网络焕新策略，通 过高潜力区域精准卡位与低效餐厅结构性出清，实现资源再配置及效率跃升，构筑精益化成本管理新範 式;(ii)深化即时配送服务生态布局，驱动业务规模高质量扩张与经营效益结构化提升;(iii)战略性拓展预 付式消费模式，通过动态价值治理机制优化折扣结果，实现经营收益增长与利润空间升维的协同共振; 及(iv)推进与头部动漫IP达成深度合作计划，通过联名产品开发、门店主题改造及数字化营销，深度触 达年轻消费群体，重塑品牌活力并构筑强劲增长新引擎。 集团截至2025年6月30日止6个月的净亏损大幅减少主要乃由于(i)集 ...

智通财经8月4日电，呷哺呷哺在港交所公告，预期上半年将录得净亏损介乎约人民币0.8亿元至1.0亿元 之间，亏损较2024年同期大幅收窄，降幅介乎约63.2%至70.5%之间。 ...

集团该期间的净亏损大幅减少主要由于(i)集团持续致力成本优化，以数字化供应链驱动结构性降本增 效，依托集采优势，打通供应商协同链路；(ii)持续升级新型物流枢纽及标准化流程，优化配送路径网 络，实现运营效率提升与综合成本下降，改善经营效益；及(iii)通过优化餐厅布局结构，包括关闭低效 餐厅、新增餐厅重点聚焦高潜力区域等举措综合提升餐厅运营效率；预计对关闭及持续亏损餐厅的资产 减值损失计提金额较2024年同期大幅下降约64.1%。 格隆汇8月4日丨呷哺呷哺(00520.HK)发布公告，集团预期截至2025年6月30日止六个月收入约为人民币 19亿元，相较于截至2024年6月30日止六个月收入减少约18.9%。相较于2024年同期集团录得净亏损人 民币2.74亿元，集团预期于该期间将录得净亏损介乎约人民币0.8亿元至1.0亿元之间，亏损较2024年同 期大幅收窄，降幅介乎约63.2%至70.5%之间。 集团一直确保现金流稳健及财务状况良好，同时推展各项营运管理，包括(i)实施餐厅网络焕新策略，通 过高潜力区域精准卡位与低效餐厅结构性出清，实现资源再配置及效率跃升，构筑精益化成本管理新范 式；(ii)深化即时配送 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對 其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部份內 容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 Xiabuxiabu Catering Management (China) Holdings Co., Ltd. 呷哺呷哺餐飲管理（中國）控股有限公司 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） 盈利預告 — 預期虧損大幅減少 （股份代號：520） 本公告由呷哺呷哺餐飲管理（中國）控股有限公司（「本公司」，連同其附屬公司統稱「本 集團」）根據香港聯合交易所有限公司證券上市規則（「上市規則」）第13.09(2)條及證券及 期貨條例（香港法例第571章）第XIVA部之內幕消息條文（定義見上市規則）而刊發。 本公司董事會（「董事會」）謹此知會本公司股東（「股東」）及本公司的有意投資者，根據 對本集團截至二零二五年六月三十日止六個月未經審核綜合管理帳目的初步評估及董 事會目前所得資料，本集團預期截至二零二五年六月三十日止六個月收入約為人民幣 19億元，相較於截至二零二四年六月三十日止六個月收 ...

（ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股份代號：520） 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對 其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分 內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 進一步延遲寄發通函 茲提述呷哺呷哺餐飲管理（中國）控股有限公司（「本公司」）日期為二零二五年四月十七 日、二零二五年五月十六日及二零二五年六月二十七日的公告（「該等公告」），內容有 關（其中包括）本公司擬收購呷哺呷哺（中國）食品控股有限公司40%權益及延遲寄發通 函。除非另有說明，否則本公告所用詞彙與該等公告所界定者具有相同涵義。 Xiabuxiabu Catering Management (China) Holdings Co., Ltd. 呷哺呷哺餐飲管理（中國）控股有限公司 誠如該等公告所披露，載有（其中包括）(i)該協議的進一步詳情；(ii)獨立財務顧問的函 件，當中載有其向獨立董事委員會及獨立股東提供的意見；(iii)獨立董事委員會向獨立 股東作出的推薦意見；及(iv)股東特別大會通告的通函預期將於二零二五 ...

Core Insights - The company Xiapu Xiapu has launched the "Feng Huan Chao" plan, allowing internal employees to become partners in new stores, with 21 partners already signed and 5 stores operational [1][6][8] - The shift to a partnership model is seen as a strategic move to regain growth amidst a competitive market, with plans to add 50 to 100 partner stores annually [1][2][8] - The restaurant industry is transitioning from direct management to a combination of partnership and franchise models, indicating a search for new growth drivers [3][7] Company Strategy - The "Feng Huan Chao" plan employs a "three-party shared equity" model, where partners, the company, and executives share ownership of the stores, promoting risk-sharing and profit-sharing [4][6] - The company provides comprehensive support to partners, including brand authorization, supply chain assurance, and operational guidance, allowing them to focus on optimizing business performance [5][6][8] - The plan aims to align the interests of frontline employees with store performance by offering a profit-sharing model, with 30% to 40% of store profits allocated to operational staff [6][8] Industry Context - The hot pot market is projected to reach a size of 617.5 billion yuan in 2024, with a growth rate of 5.6%, but the pace is slowing compared to previous years [2] - The number of hot pot restaurants is expected to peak at 535,500 in Q3 2024 before declining, reflecting a shift in consumer spending habits [2] - The trend of partnership models in the restaurant industry is gaining traction, with successful examples like Mi Cun Ban Fan and Xi Jia De demonstrating the potential for rapid expansion [3][7]