贾国龙自认“爹味儿”重，不再打造个人IP！西贝获新融资，曾计划2026年上市

Core Viewpoint - The recent developments at Xibei Restaurant Group, including significant financial losses and a strategic shift towards closing stores and seeking new investments, indicate a critical phase for the company as it aims for potential IPO in 2026 [5][10][18]. Financial Performance - Xibei is projected to incur cumulative losses exceeding 600 million yuan from September 2025 to March 2026 [5][14]. - The company plans to close 102 stores, which represents 30% of its total outlets, in the first quarter [5][14]. - In January 2026, Xibei's store sales are expected to decline by 50% year-on-year [5][14]. Investment and Financing - Xibei recently completed a new round of financing, with registered capital increasing from approximately 89.9 million yuan to about 102 million yuan, marking a 13% increase [6][15]. - New investors include Taizhou Xinrongtai Investment Co., Ltd., and other entities, indicating a strategic move to stabilize cash flow and optimize operations amid store closures [6][10][18]. Leadership and Strategic Direction - Founder Jia Guolong expressed a desire to return to frontline operations rather than focusing on personal branding, emphasizing his commitment to improving service quality [3][12]. - Jia has indicated a cautious approach towards the IPO, stating he is not actively pursuing it but remains open to the idea [10][18]. Industry Context - The financing and operational adjustments at Xibei are seen as part of a broader trend in the restaurant industry, where companies are adapting to changing market conditions and consumer behaviors [10][18].