Group 1 - The core viewpoint of the news is that Jiumaojiu International Holdings Limited reported a slight increase in revenue for the fiscal year 2024, but a significant decline in net profit, indicating challenges in profitability despite revenue growth [1][2] Group 2 - For the fiscal year 2024, Jiumaojiu's revenue was approximately 6.074 billion yuan, representing a year-on-year increase of 1.5% [1] - The net profit attributable to the parent company was 55.807 million yuan, a decrease of 87.69% compared to the previous year [1] - The annual profit dropped from 480 million yuan in 2023 to 44.8 million yuan in 2024, a decline of 90.7% [1] Group 3 - In 2024, Jiumaojiu opened 150 new restaurants, including 95 Taier restaurants, 28 Song Hotpot restaurants, 20 Shanwaimen restaurants, and 7 Jiumaojiu restaurants [1] - The company closed 69 restaurants in 2024 due to lease terminations, underperformance, and sales to third parties [1] - As of December 31, 2024, Jiumaojiu operated 779 self-operated restaurants and 28 franchised or cooperative restaurants across various countries [1] Group 4 - Jiumaojiu continues to follow a multi-brand and multi-concept strategy to explore new business opportunities and expand market share [2] - The company is adjusting its business strategy and expanding its restaurant network while optimizing its brand portfolio [2] - A general dividend of 0.02 HKD per share is scheduled for distribution on July 4, 2025 [2]

Core Insights - Jiumaojiu reported a revenue of approximately 6.074 billion RMB for the year ending December 31, 2024, representing a year-on-year increase of 1.5% [1] - The net profit attributable to the parent company was 55.807 million RMB, a significant decline of 87.69% compared to the previous year [1] - The annual profit decreased by 90.7% from 480 million RMB in 2023 to 44.8 million RMB in 2024 [1] Store Expansion and Closure - In 2024, Jiumaojiu opened 150 new restaurants, including 95 Taier restaurants (11 of which are franchised), 28 Song Hotpot restaurants, 20 Shanwaimen restaurants (16 of which are in a cooperative model), and 7 Jiumaojiu restaurants (1 of which is franchised) [1] - The company closed 69 restaurants in 2024 due to the expiration of lease agreements, underperformance of certain locations, and the sale of restaurants such as "Na Wei Da Shu Shi Da Chu" and "Lai Mei Li" [1] - As of December 31, 2024, Jiumaojiu operates 779 self-operated restaurants and 28 franchised/cooperative restaurants across 141 cities in China, as well as locations in Singapore, Canada, Malaysia, Thailand, the United States, and Indonesia [1] Business Strategy - In 2024, Jiumaojiu continued to follow a multi-brand and multi-concept strategy while exploring new business opportunities to further expand market share [2] - The company actively adjusted its business strategy and expanded its restaurant network, focusing on brands with significant growth potential while cautiously expanding the Taier and Song Hotpot brands [2] - Jiumaojiu launched a new brand, "Shan de Shan Wai Suan Tang Hotpot," in February 2024 and sold several restaurants in the first half of 2024 [2]