Financial news
Written by: Zhang Weilun
2020-02-28 18:10
Last updated: 2020-02-28 18:10Wuhan pneumonia broke out in the mainland, and the lives of citizens in many cities were paralyzed. Many retail and consumer brands also closed many stores. Hexing Group (0047), which operates Yoshinoya and the Ice Queen in North China, stated that in order to ensure the health and safety of its employees and customers, as well as the decline in business traffic, some branch operations in the Mainland have been suspended. As of February 27 this year, 154 of Hexing's 604 stores in the Mainland have been temporarily closed, accounting for about 25% of the Group's stores.
The company pointed out that the temporary suspension of the relevant stores has adversely affected the company's sales and adversely affected its operating performance in the first quarter and the first half of the year.
Wuhan Pneumonia Hexing Group Yoshinoya
