QUANJUDE(SZ:002186)2022-12-06 08:31Group 1: Business Performance - The restaurant industry is trending towards segmentation, with mass dining expected to occupy a larger share [2] - The company's revenue and profit are projected to increase within the range disclosed in the Q3 report [2] - The decline in average spending per customer is influenced by various factors, including rational consumer behavior [2] Group 2: Expansion Strategy - The company faced challenges in expanding its stores, particularly in the south, and has adjusted its menu to cater to local tastes [3] - Future store openings will adhere to the principles of "small store format and lightweight investment," aiming for break-even in the second year and profitability in the third year [3] Group 3: Franchise Operations - Franchisees pay a one-time franchise fee of 1.5 million yuan and a deposit of 300,000 yuan, with annual royalties based on store revenue ranging from 300,000 to 500,000 yuan [3] Group 4: Future Plans and Innovations - The company aims to leverage capital platforms for growth and is exploring partnerships with brands suitable for chain expansion [3] - The "Little Duck Brother" initiative experienced losses but has seen positive sales through a new "scene e-commerce" model, allowing customers to order online for home delivery [4]