餐饮巨头们止跌回血：一边关店砍成本，一边加码做外卖

Core Viewpoint - The restaurant industry in China is experiencing a mixed recovery, with some leading companies showing signs of revenue and profit growth, while others continue to face challenges due to external factors and market competition [4][5]. Group 1: Overall Performance - Among 29 listed restaurant companies, 17 reported year-on-year revenue growth, with Gu Ming leading at 41.26% [6]. - 15 companies saw an increase in net profit, while 7 remained in a state of net loss, including Dao Xiang Holdings and Tang Palace, which shifted from profit to loss [6][9]. - Notable profit growth was observed in companies like Da Shi and Wei Qian (China), with net profits increasing over 100% [9]. Group 2: Market Dynamics - The restaurant sector is characterized by uneven performance across different segments, with high-end dining facing significant pressure due to reduced consumer spending and government policies [11]. - In Hong Kong, over 20 local chain restaurants have closed in recent months, highlighting the tough market conditions [11]. - Traditional high-end restaurants are struggling, while casual dining and fast-food brands are performing better, with companies like Da Shi and Wei Qian (China) showing revenue and profit increases [11]. Group 3: Cost Management and Store Closures - Many companies are focusing on cost-cutting measures, including closing underperforming stores to improve operational efficiency [14][19]. - For instance, Huang Shang Huang closed 762 stores in the first half of the year, contributing to improved efficiency [12]. - Companies like Xiao Cai Yuan and Hai Di Lao are also reducing store numbers while optimizing their operational models [21][22]. Group 4: New Strategies and Innovations - The entry of major players like JD and Taobao into the food delivery market has intensified competition, prompting restaurants to adapt their strategies [26]. - Many companies are increasing their focus on delivery services, with significant revenue contributions from this channel [29]. - New product lines and sub-brands are being launched to capture additional market segments, as seen with Hai Di Lao's expansion into new restaurant concepts [31][34].