Jiumaojiu (09922) is now up more than 6%, as of the time of publication, it is up 6.3%, at 2.53 Hong Kong dollars, with a turnover of 20.9961 million Hong Kong dollars.
Zhitong Finance and Economics APP learned that Jiumaojiu (09922) is now up more than 6%, as of the time of publication, it is up 6.3%, at 2.53 Hong Kong dollars, with a turnover of 20.9961 million Hong Kong dollars.
On the news front, Jiumaojiu announced its interim performance for the six months ending in June, with a revenue of 3.064 billion RMB, a year-on-year increase of 6.4%; a net profit of 72.29 million yuan, a year-on-year decrease of 67.5%. In the first half of the year, the table turnover of Taier (self-operated) decreased from 4.3 to 3.8, while the table turnover of Song Hot Pot decreased from 3.9 to 2.9; both Taier and Song Hot Pot recorded negative growth in same-store sales of 15.5% and 34.7% respectively.
Sinolink Securities pointed out that in the short term, there is still significant pressure on industry demand, but the company has a strong brand building and back-end capabilities. It is actively adjusting pricing, marketing, and franchise models, and actively implementing cost control measures. It is expected that in the second half of the year, there will be more positive improvements in cost and expenses in the supply chain, manpower, and other aspects.