新零售 . 中国零售门户网站联商网出品，全面关注新零售、新业态、新门店。 以下文章来源于新零售 ，作者联商网编辑部 此次调整不仅涉及门店结构，也涵盖供应链与生产基地布局 ， 并 将牵动供应链和后勤布局同步变化。 美食 -KY目前在大陆采取" 一大三小 "的工厂体 系：主要中央工厂位于江苏昆山，另在福建、广东及浙江杭州设有三座分厂。 对此， 85 度 C 表示，调整旨在应对大陆餐饮市场竞争加剧、消费力低迷的局面，试图通过优化门店结构和资源配置来提升营运效率。 从门店布局来看， 85 度 C 的大陆业务早已呈现 " 冷热不均 " 的格局。区域分布上，华东、华南是其 " 基本盘 " ：江苏以 134 家门店居首，上海 119 家、福建 109 家，三地门店数占大陆总量超八成；而安徽、北京、天津、山东、四川、重庆等区域，门店数均为个位数。 出品 /联商网 撰文 /西泠雪 台湾连锁咖啡烘焙品牌 85度C 因其大陆业务持续亏损，正进行大规模战略收缩。 近日， 85度C董事会突然宣布，将大幅关闭中国大陆营运不善的门店 。 这家曾以 "精品咖啡平价化"对标星巴克的品牌，如今在大陆市场节节败退，背后是业绩亏损、竞争挤压与战略失 ...

Revenue and Profitability - Company achieved significant revenue growth in Q1 2025, with total revenue reaching 308 million yuan, a year-on-year increase of 444.91% [1] - However, net profit attributable to shareholders was -48.68 million yuan, a year-on-year decline of 38.81%, indicating that despite strong revenue performance, profitability has not improved [1] - The gross margin was 92.06%, up 46.15% year-on-year, showing enhanced profitability in core operations, but the net margin remained at -17.7%, despite a 73.04% year-on-year increase, indicating ongoing challenges in cost control [2] Cost Control - Total selling, administrative, and financial expenses amounted to 306 million yuan, accounting for 99.18% of revenue, with a year-on-year increase of 25.93%, negatively impacting profitability and highlighting the need for better cost structure optimization [3] Cash Flow Situation - Operating cash flow per share was -2.94 yuan, a year-on-year decrease of 152.75%, indicating poor cash flow performance [4] - Cash and cash equivalents stood at 203 million yuan, down 23.20% year-on-year, while accounts receivable decreased by 17.25% to 464 million yuan, suggesting liquidity risks that require close monitoring [4] Asset and Liability Management - Interest-bearing debt was 295 million yuan, a year-on-year decrease of 9.28%, while net asset value per share was 14.06 yuan, down 10.12% year-on-year, indicating a need for improved asset-liability management [5] Business Model and Financing - Company’s performance is primarily driven by equity financing, with a total financing amount of 863 million yuan and total dividends of 52.47 million yuan, resulting in a dividend-to-financing ratio of 0.06, necessitating careful evaluation of the sustainability of this reliance on equity financing [6] Overall Summary - In summary, while the company achieved substantial revenue growth in Q1 2025, losses have also widened, and there are significant pressures on cash flow and cost control. The company needs to optimize its cost structure, enhance profitability, and strengthen cash flow management to ensure sustainable development [7]