Core Viewpoint - The performance of major brands under the company is showing steady improvement, with specific operational adjustments and new store models contributing positively to sales recovery [2] Group 1: Brand Performance - In Q4 2025, the table turnover rates for major brands were 3.0 for Tai Er, 2.3 for Song Hot Pot, and 2.1 for Jiu Mao Jiu, with same-store average daily sales decreasing by 3.0%, 19.0%, and 16.4% year-on-year respectively [1] - Tai Er's same-store average daily sales in mainland China have turned positive year-on-year, indicating the effectiveness of previous operational adjustments and store model upgrades [2] - The "Fresh" model stores have shown particularly strong performance, providing robust support for Tai Er's overall business recovery [2] Group 2: Store Expansion and Customer Experience - As of December 31, 2025, Tai Er has opened a total of 243 "Fresh" model stores across 60 core cities in China, including 6 upgraded "New Tai Er • Fresh Ingredients Sichuan Cuisine" stores [2] - The introduction of the "Fresh" model has received positive market feedback, confirming its replicability in various cities and consumer scenarios [2] - The average customer spending for major brands has remained relatively stable over multiple quarters, with a slight increase observed as the proportion of "Fresh" model stores rises, reflecting the company's strategic focus on product strength and customer experience optimization [2]
九毛九(09922)第四季度主要品牌的经营表现稳中向好