Xiabuxiabu Catering Management (China) Holdings Co., Ltd.
呷哺呷哺餐飲管理（中國）控股有限公司
(Incorporated in the Cayman Islands with limited liability)
Financial Highlight:
Revenue up 10.1% to RMB2424.6 million compared to last year
Profit before tax grew by 73.7% to RMB323.1 million compared to last year
Adjusted net profit increased 45.1% to RMB269.9 million compared to last year
Profit and total comprehensive income for the period attributable to owners of the Company grew 86.5% to RMB263.4 million compared to last year
(Hong Kong, 29 March 2016) Xiabuxiabu Catering Management (China) Holdings Co.,Ltd. ("Xiabuxiabu" or the "Company"; Stock Code:520.HK) is pleased to announce the consolidated results of the Company and its subsidiaries (the "Group") for the year ended December 31, 2015 (the "Year"). During the period, the Group revenue increased by 10.1% to RMB2424.6 million compared to the same period last year. The profit before tax increased by 73.7% to RMB323.1 million compared to the same period last year. Adjusted net profit grew by 45.1% to RMB269.9 million compared to the same period last year. Profit and total comprehensive income for the period attributable to owners of the Company grew 86.5% to RMB 263.4 million compared to the same period last year.
In 2015, China's catering service market was slowly recovering despite the slowdown in China's economic growth. According to the China Cuisine Association' statistics, China's catering service market grew by 11.7% from 2014 to reach RMB3231 billion. The Group was able to record satisfactory results of operations with various favorable policies continued to be launched by the government.
The Group's revenue got increased in 2015 primarily due to the Group's effort of expanding its restaurant network. In 2015, the Group opened a total of 100 new restaurants, which is in line with the Group's overall restaurant network expansion plan for the year. The Group extended its restaurant network into Heilongjiang and Hubei provinces in 2015. As of 31 December 2015, the Group owned and operated 552 restaurants in 39 cities over eight provinces and in three centrally administered municipalities, namely Beijing, Tianjin and Shanghai, in China.
Regarding to the brand building , the Group continuously won the golden awards of the「Top Ten Commercial Brands in Beijing」in 2015. Mr.Yang Shuling, the CEO of Xiabuxiabu said, 「The reason why our Group won this awards is all because of the approvals and affirmations coming from our consumers. We will regard those approvals as our goals and honors, and keep the path on attributing efforts to our brands. 」
Looking forward, the Group will continue its efforts to become the leading operator of fast casual restaurant industry and maintaining its leading position as a hotpot restaurant chain operator in China. The Group will base on its fast casual hotpot business and endeavor to develop additional growth drivers, including the "Xiabuxiabu Fresh" delivery business, Xiabuxiabu 2.0 restaurant upgrade and its second brand concept "Coucou". Meanwhile, the Group will further expand the restaurant network. The Group plans to consolidate its leading position and further develop its penetration in the existing markets, by opening restaurants in Shenzhen as a starting point in Southern China market. The Group will also put efforts in optimizing products structures, enhancing the cost control and strengthening organization and human resources management. Lastly, the group believes its dedication on high-quality healthy cuisine combined with its strong brand frame and the mass-market orientation, could make the Group have more competitive advantages and seize business development opportunities in the market.
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About Xiabuxiabu Catering Management (China) Holdings Co., Ltd.
Xiabuxiabu (520.HK) is a leading fast casual restaurant operator in China, which started its first restaurant in Beijing in 1998, pioneering the bar-style Hot-pot dining cuisine. In 2015, the Group opened a total of 100 new restaurants, which is in line with the Group's overall restaurant network expansion plan for the year. The Group extended its restaurant network into Heilongjiang and Hubei provinces in 2015. As of 31 December 2015, the Group owned and operated 552 restaurants in 39 cities over eight provinces and in three centrally administered municipalities, namely Beijing, Tianjin and Shanghai, in China.
This press release is issued by Wonderful Sky Financial Group Holdings Ltd. on behalf of Xiabuxiabu Catering Management (China) Holdings Co., Ltd.
For further information, please contact:
Wonderful Sky Financial Group Holdings Ltd.
Tiffany Liu/ Doris Niu/ Candice He/ Ovina Zhu
Tel: (852) 3970 2181 / (852) 3641 1308 / (852) 3641 1315 / (852) 3757 4705
Fax: (852) 2865 1638
Email: tiffanyliu@wsfg.hk / dorisniu@wsfg.hk / candicehe@wsfg.hk / ovinazhu@wsfg.hk
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