Xi'an Catering (000721.SZ) announced the 2024 interim performance forecast, showing a net loss of 54.5 - 65 million yuan attributable to shareholders of listed companies for the reporting period, as compared with a net loss of 46.0469 million yuan in the same period last year; after deducting non-recurring gains and losses, the net loss was 56 - 66.5 million yuan, compared with 48.8195 million yuan in the same period last year; and basic earnings per share were -0.0950 yuan/share -0.1133 yuan/share.
In the first half of 2024, the dining industry had sluggish market demand and increasing competition. Dining operations experienced a decrease in customer volume and lower consumption standards, resulting in lower-than-expected revenue and higher fixed costs, affecting the expected profits.