Core Viewpoint - Shanghai Xiao Nan Guo announced the temporary closure of ten restaurants as part of a strategic restructuring plan, ensuring customer refunds for deposits and prepaid cards [2][4]. Group 1: Company Operations - The company has temporarily halted operations of ten restaurants under the Shanghai Xiao Nan Guo brand to facilitate a strategic restructuring [4]. - The board clarified that reports of all restaurants being closed were inaccurate, and the company is actively processing refunds for deposits and prepaid cards [4]. - The restructuring is part of an ongoing portfolio reorganization aimed at streamlining operations and reallocating resources to core markets [4]. Group 2: Financial Performance - Shanghai Xiao Nan Guo has been experiencing continuous losses since the beginning of 2023, with current liabilities amounting to approximately 247 million yuan as of June 2025 [5]. - The company plans to sell its Hong Kong restaurant group for $100,000, retaining only two restaurants in Shanghai, which are set to reopen under the "Ching Ching" brand in mid-May [5]. Group 3: Market Context - The temporary closure reflects the ongoing lack of profitability in the mainland Chinese restaurant business, aiming to reduce financial losses in a challenging operating environment [4]. - The company aims to enhance resource allocation efficiency and implement a comprehensive business restructuring and brand revitalization plan to align with evolving consumer preferences [4].

Core Insights - The "Shopping in China, New Year Flavor in Tianfu" event launched a new spring consumption campaign in Chengdu, aiming to stimulate consumer spending across Sichuan province [1][11] - The event featured the release of the "Top 100 Sichuan Products" list, a "Four Seasons Consumption" series, and a "Culinary City Reunion Feast" guide, showcasing diverse consumption scenes in Chengdu [1][8] - Chengdu's government aims to establish a long-term mechanism to continuously invigorate the market through these initiatives, enhancing the city's status as an international consumption center [9][12] Group 1 - The event was held on February 10, 2026, in the Sichuan Tianfu New District, marking the start of a large-scale consumption festival centered around Chengdu [1] - The event included performances inspired by Han dynasty artifacts, blending historical culture with modern technology [3] - A comprehensive "Chengdu New Year Consumption Panorama" was unveiled, illustrating various consumption hotspots and activities throughout the city [8] Group 2 - The "2026 Chengdu Four Seasons Consumption List" outlines a year-long plan for cultural and commercial integration, with seasonal themes and monthly activities to sustain consumer interest [8][9] - Spring will focus on "Chengdu Launch Season" and "Spring Sugar Season," while summer will emphasize service consumption and cultural festivals [8] - The winter season will feature shopping festivals and food events, enhancing the festive atmosphere [8] Group 3 - Chengdu's "Prize Invoice" initiative, with a total prize pool of 300 million yuan, aims to boost consumer enthusiasm across various sectors including retail and dining [11] - The event's promotional activities will extend throughout Sichuan, engaging over a hundred key commercial areas and cultural sites [11] - The initiatives are expected to drive growth in multiple industries, including dining, retail, and tourism, contributing to a robust consumer market [12]

对于餐厅的暂时停止运营，上海小南国强调是为了配合集团的策略性调整，亦是精简营运及重新分配资 源至核心市场的策略举措，旨在减少财务亏损。 此前，《每日经济新闻》记者采访了解到，除了对消费者的预付卡，上海小南国还拖欠门店员工工资及 供应商货款，但在10日的公告中未有回应。 日前，关于上海小南国多家门店突然停业的消息引发市场热议。2月10日，上海小南国（HK03666，股 价0.025港元，市值6639万港元）收跌28.57%。 当晚（10日），上海小南国发布公告回应称，公司目前拥有的上海小南国品牌旗下十家餐厅运营已经暂 时停止。上海小南国表示，按金及预付卡不可退还的说法并不正确，公司正为顾客办理按金退还，而预 付卡则有资金存放于指定的保证金账户，该等资金可供退还。 ...

【导读】上海小南国回应突然停业：策略性重整 2月10日晚间，上海小南国发布公告称，旗下十家餐厅暂时停止运营，是为了配合集团策略性重整，目前公司正在为顾客办理相关资金退还事宜，将确保 所有押金及预付卡妥善退还给顾客。 上海小南国成立于1987年，凭借精致本帮菜曾一度成为"上海人请客吃饭的排面"。但就在日前，该品牌突然被曝出"门店全部关闭"的消息。有媒体报道 称，上海小南国多家门店停业、总部人去楼空，有消费者收到年夜饭订金退款，但仍有不少消费者联系不到店家。 上海小南国表示，策略重整是集团持续进行的投资组合重组的一部分，亦是精简运营及重新分配资源至核心市场的策略举措。暂停运营反映中国内地餐饮 业务持续缺乏盈利能力，旨在减少艰难营商环境下的财务亏损。 2月10日，上海小南国股价大跌28.57%，收报0.025港元/股，总市值为6639万港元。 | 今开 | 0.034 | | 最高 | 0.034 | | 成交量 | 5072万股 | | --- | --- | --- | --- | --- | --- | --- | --- | | 昨收 | 0.035 | | 最低 | 0.025 | | 成交额 | 140 ...

[3666] 2026-02-10 16:01 Shanghai XNG Holdings Limited -海小南国控股有限公司 (於開曼群島註冊成立的有限公司) (股份代號:3666) 股價異常波動及 内幕消息 上海小南国控股有限公司(「公司」,連同其附屬公司統稱「集團」)謹依據香港聯· 有限公司證券上市規則(「上市規則」第13.09(2)條及上市規則所界定的《證券及期 (香港法例第571章)第XIVA部之内幕消息條文作出公告。 本公司董事會(「董事會」)注意到本公司股份(「股份」於2026年2月10日在聯交所1 現波動。董事會經就本公司作出在當時情況下屬合理的查詢後確認,除下文所披 董事會並不知悉任何導致該等價格波動的原因,亦不知悉任何須予公布以避免! 虚假市場的資料,或任何須根據《證券及期貨條例》第XIVA部予以披露的內幕消息 董事會注意到某本地媒體於2026年2月10日刊登一篇新聞報導(『文章』。該文章: 司於上海以「上海小南國」品牌經營的所有餐廳已經關閉。 董事會謹此澄清,本公司目前擁有之上海小南国品牌旗下十周餐廳之營運,已暫 以配合集團之策略性重整((策略性重整)。董事會並謹此澄清,相關文章中所 ...

【上海小南国：品牌旗下十间餐厅已暂时停止营运 正为顾客办理按金退还】智通财经2月10日电，上海 小南国在港交所公告称，本公司目前拥有之上海小南国品牌旗下十间餐厅之营运，已暂时停止，以配合 集团之策略性重整。董事会并谨此澄清，相关文章中所述按金及预付卡不可退还的说法并不正确。本公 司正为顾客办理按金退还，而预付卡则有资金存放于指定之保证金账户，该等资金可供退还。董事会成 员将一如既往，坚守承诺，确保所有按金及预付卡均妥善退还予顾客。 转自：智通财经 ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [9]. Core Insights - In Q4 2025, the company reported total revenue of $2.8 billion, a year-on-year increase of 7% excluding foreign currency effects, and adjusted net profit of $140 million, a year-on-year increase of 22% excluding foreign currency effects [2][6]. - For the full year 2025, total revenue reached $11.8 billion, a year-on-year increase of 4% excluding foreign currency effects, with adjusted net profit of $929 million, a year-on-year increase of 2% excluding foreign currency effects [2][6]. - The company is expected to open 1,900 new stores in 2026, maintaining a high store opening pace, which is anticipated to drive continued revenue growth [2][9]. Summary by Sections Financial Performance - In Q4 2025, system sales increased by 7% year-on-year, with same-store sales growth of 3% and same-store transaction volume growth of 4%, marking the twelfth consecutive quarter of growth [9]. - KFC's system sales grew by 8% year-on-year in Q4, with same-store sales increasing by 3% [9]. - Pizza Hut's system sales increased by 6% year-on-year, with same-store sales growth of 1% and same-store transaction volume growth of 13% [9]. Store Expansion - The company added 587 new stores in Q4 2025, the highest for that quarter, with 36% being franchise stores [9]. - For the full year, KFC's store count grew by 12% to 12,997, while Pizza Hut's store count also grew by 12% to 4,168 [9]. Profitability - The operating profit margin and restaurant profit margin for KFC improved to 10.5% and 14%, respectively, while for Pizza Hut, they improved to 3.7% and 9.9% [9]. - The overall operating profit margin increased by 0.8 percentage points year-on-year to 6.6% [9].

据介绍，本次京津冀有奖发票试点活动持续至2026年7月底，活动覆盖零售、餐饮、住宿、文化艺术、 娱乐、旅游、体育、居民服务八大民生行业。个人消费者取得由属地经营主体开具的单张金额100元及 以上（含税）的实名制全面数字化电子普通发票即可参与抽奖，单张发票最高可赢800元电子红包，实 现全民消费可参与。消费者只需通过属地确定渠道上传或录入符合条件的电子发票即可实时参与抽奖。 此次京津冀同步启动有奖发票试点活动，是区域消费协同发展的重要举措，既通过发票抽奖的形式鼓励 消费者主动索取发票，进一步规范市场经营秩序，营造诚信经营的消费环境，又以普惠性补贴撬动消费 需求，激发春节消费旺季及后续消费市场的活力。此次试点活动也将为京津冀消费市场一体化发展积累 经验，后续三地还将持续联动推出更多促消费举措，不断释放区域消费潜力，为京津冀经济高质量发展 注入强劲消费动能。 北京商报讯（记者 刘卓澜）为进一步激发消费需求、释放区域消费活力，京津冀三地同步启动有奖发 票试点活动。2月10日，北京商报记者从北京市商务局获悉，2月11日，京津冀三地联袂推出有奖发票惠 民活动，助力春节及后续消费市场持续回暖。 ...

此次新春消费季活动，是青岛贯彻落实中央经济工作会议"坚持内需主导，建设强大国内市场"部署及商 务部等9单位《2026"乐购新春"春节特别活动方案》的具体举措，围绕创建国际消费中心城市目标，结 合农历马年文化内涵、青岛山海特色与区市优势资源，精心策划了覆盖除夕至元宵的全周期活动，持续 擦亮"乐购青岛"城市消费品牌。活动重点从三大方面发力，为市民游客献上精彩纷呈、暖心实惠的消费 盛宴。 来青岛过大年，消费还有奖！2月10日，青岛市政府召开"2026年春节促消费活动政策总体安排"新闻发 布会，正式宣布全市启动"山海迎春 乐购青岛"新春消费季活动，同步开展全省规模最高的有奖发票试 点，总资金达2.6亿元，为市民游客送上新春消费"大红包"，全力激发节日消费活力，推动消费市场开 门红。 消费是经济增长的重要引擎，更是人民对美好生活需要的直接体现。近年来，在市委、市政府坚强领导 下，市商务局发挥市提振消费工作机制办公室统筹作用，持续扩内需、促消费，青岛消费市场总体平稳 向好，新亮点、新热点不断涌现。"十四五"期间，全市社会消费品零售总额从2020年的5204亿元增长至 2025年的6960.7亿元，年均增长5.7%，高于全 ...

董事会并谨此澄清， 相关文章中所述按金及预付卡不可退还的说法并不正确。本公司正为顾客办理按金退还， 而预付卡则有资金存放于指 定之保证金账户，该等资金可供退还。 董事会成员将一如既往，坚守承诺，确保所有按金及预付卡均妥善退还予顾客。 上海小南国在港交所公告称，本公司目前拥有之上海小南国品牌旗下十间餐厅之营运，已暂时停止，以配合集团之策略性重整。 下载财联社APP获取更多资讯 7x24h电报 头条新闻 VIP资讯 实时盯盘 准确 快速 权威 专业 ...