News for Jiumaojiu International Holdings Limited (9922.HK)

Key Takeaways: Jiumaojiu will trial franchising for a limited number of restaurants from its Tai Er chain, as well as for a new hotpot chain The restaurant operator is part of a growing number of food and beverage chains in China to try out franchising to boost their expansion By Doug Young

Jiumaojiu will trial franchising for a limited number of restaurants from its Tai Er chain, as well as for a new hotpot chain.

The operator of a trendy restaurant chain disclosed it made an $11.2 million loan to its founder in January without informing the board or shareholders.

Key Takeaways: Jiumaojiu’s revenues surged more than 50% in the first half from the same period a year earlier as Chinese diners crowded back into restaurants The company’s Song Hot Pot brand became the latest growth engine for the restaurant group after its revenues quadrupled By Fai Pui

Jiumaojiu's revenues surged more than 50% in the first half from the same period a year earlier as Chinese diners crowded back into restaurants.

Jiumaojiu’s revenue jumped more than 50% in the first half of the year, as its business returned to normal and it continued its rapid expansion.

The operator of a popular restaurant chain serving ‘sauerkraut fish’ posted a rare loss in the second half of last year, but is seen bouncing back strongly in 2023.

Key Takeaways: Jiumaojiu’s net profit tumbled 86.2% in 2022, while its revenue dropped by 4.2%, mainly due to impact from the pandemic The restaurant operator’s business could bounce back with a resumption of dining out in 2022, but challenges remain, including intense competition   By Trevor Mo

Key Takeaways: Jiumaojiu said it will pay up to $140 million for 26% of the company developing the Guangzhou IFC Mall Project, which will become its new headquarters