Xiabuxiabu (00520.HK): First-Half Loss Narrowed Significantly

NewTimeSpace · 2026/08/03 17:43 · By Boyuan Chen

NewTimeSpace News: Xiabuxiabu announced on August 3 that it expects a net loss of approximately RMB29 million to RMB39 million for the six months ended June 30, 2026. The loss represents a narrowing of roughly 51% to 64%, compared with the loss of RMB81 million in the same period last year.

NewTimeSpace News: On August 3, 2026, Xiabuxiabu (00520.HK) issued a profit forecast. Based on preliminary assessment of unaudited consolidated management accounts, the Group expects first-half revenue of around RMB1.5 billion, down approximately 23% year-on-year, and a net loss ranging from RMB29 million to RMB39 million, representing a substantial narrowing from the loss of RMB81 million recorded in the prior-year period.

According to the announcement, the narrowed loss is mainly attributable to improved costs brought by lean supply chain reform, enhanced brand stickiness via upgraded member operation system, as well as around 30% reduction in provision for impairment losses on assets due to strategic closure of underperforming outlets.

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