Jiumaojiu: In the second quarter, the same-store daily sales of major brands continued to show a downward trend year-on-year.

Jin10 data reported on July 18 that Jiumaojiu (09922.HK) announced in Hong Kong that in the second quarter of 2025, the same-store average daily sales of the Group’s main brands continued to show a declining trend year-on-year, primarily reflecting the consumption pressure brought by the persistent external environment. Among them, the year-on-year decline in the same-store average daily sales of Tai Er and Song Hotpot in the second quarter has significantly narrowed compared to the first quarter. The year-on-year decline in the same-store average daily sales of the Tai Er brand from April to June 2025 has been narrowing month by month, indicating that the operational adjustments are beginning to show results and signs of stabilization.