Hexing Group's half-year loss of 66.33 million yuan in domestic Yoshinoya same-store sales fell 35%

Financial News

Written by: Lin Leqian

2020-09-01 10:17

Last update date: 2020-09-01 10:31

Hexing Group (0047) announced that in the first half of the year, it turned from profit to loss of 66.326 million yuan (RMB, the same below). The profit for the same period last year was 56.809 million yuan and no interim dividend was paid.

The group explained that the new crown pneumonia epidemic has adversely affected the group. During the period, revenue decreased by 36.3% to 655 million yuan, of which the same-store sales of Yoshinoya and Ice Queen fell by 35.4% and 47% respectively.

As of the end of June this year, the group had 583 stores, a decrease of 14 from the end of last year.

Hong Mingji, Chief Executive Officer of Hop Hing Group, said that convenience food sales are growing rapidly under the epidemic. In the future, the group will use its own delivery team, increase social media marketing, and use live broadcast to promote sales.

[Mainland Yoshinoya parent company] Hexing Group's profit warning expects mid-term loss of up to 70 million yuan

Hop Hing Group's fast food business sales rose 4.5% in the third quarter, Yoshinoya net added 9 stores in the Mainland

Hexing Group