Xiaocaiyuan International Holding (999) investor relations material

Executive summary

• H1 2026 revenue rose 7.0% YoY to RMB2,902.6m; profit for the period fell 24.3% to RMB289.4m as costs rose faster than revenue.

• Restaurant-led growth and a larger network supported dine-in activity; lower delivery revenue and higher food and labor costs weighed on earnings.

Financial highlights

• Revenue increased from RMB2,713.7m to RMB2,902.6m; restaurant operations contributed RMB1,944.7m, delivery RMB945.3m and other business RMB12.6m.

• Profit before tax fell 28.0% to RMB390.5m; profit attributable to equity shareholders was RMB289.8m, down 24.2%, while profit for the period was RMB289.4m, down 24.3%.

• Adjusted EBITDA fell to RMB514.8m from RMB647.0m; basic and diluted EPS were RMB0.25 versus RMB0.33.

• Raw materials and consumables rose 17.0% to RMB937.9m, while staff costs increased 24.1% to RMB826.7m.

Outlook and guidance

• Priorities include improving products, dining experience and service; advancing digital operations and intelligent decision-making; and strengthening supply-chain efficiency and cost control.

• Expansion plans target advantaged regions and broader market coverage, alongside a multi-brand portfolio for diversified consumption occasions and sustainable growth.

• Strategy remains centered on mass Chinese cuisine, standardized operations and value-for-money positioning to build long-term competitive advantages.