Core Viewpoint - Jiumaojiu (09922) experienced a decline of over 4% in early trading, currently down 3.77% at HKD 2.81, with a trading volume of HKD 32.61 million. The company will hold a board meeting on August 22 to approve its interim results, amid ongoing operational pressures and declining same-store sales across its brands [1]. Group 1: Company Performance - As of the end of June, Jiumaojiu had a total of 729 restaurants categorized by brand [1]. - In Q2 2025, same-store average daily sales for Taier (self-operated only) decreased by 13.7%, Song Hot Pot by 14.3%, and Jiumaojiu by 18.5% [1]. - Despite the pressure on same-store performance, the year-on-year decline for Taier narrowed from 21.2% in Q1 to 13.7% in Q2, indicating initial success in operational adjustments [1]. Group 2: Pricing and Revenue Quality - In Q2, the average customer spending for Taier (Mainland China) and Jiumaojiu increased by 1.5% and 1.8% respectively, while Song Hot Pot saw a decrease of 2.0% [1]. - The company is stabilizing customer spending through measures such as optimizing the menu structure, which is expected to enhance overall revenue quality despite ongoing challenges in customer traffic recovery [1].
九毛九早盘跌超4% 本周五将发布中期业绩 机构称公司二季度整体运营压力持续