XinXiang Era Group Company Limited (XinXiang Era) released its audited results for the year ended 31 December 2025.

Revenue and Segment Mix • Group revenue fell 15.60% to HK$206.49 million (FY 2024: HK$244.60 million). • Catering services remained core, contributing HK$201.26 million, down 17.72% as the Group closed certain outlets; fine-dining accounted for 55% and casual dining 45% of catering turnover. • A new “sale of goods” segment launched on a PRC e-commerce platform generated HK$5.23 million, marking XinXiang Era’s first non-catering revenue stream.

Profitability Rebound • Profit for the year reached HK$3.58 million, reversing a HK$8.49 million loss in FY 2024. • Profit attributable to shareholders was HK$2.12 million (FY 2024: loss of HK$6.60 million). • Basic EPS swung to a positive 1.46 HK cents (FY 2024: ‑4.56 HK cents). Key drivers: – Staff costs cut 23.36% to HK$74.69 million. – Depreciation dropped 46.36% to HK$11.67 million after earlier impairments and lease terminations. – Finance costs fell 65.34% to HK$0.87 million on lower lease liabilities. These savings outweighed the HK$38.11 million revenue decline.

Balance-sheet Movements • Cash and cash equivalents stood at HK$9.30 million (FY 2024: HK$9.16 million). • Net current liabilities narrowed to HK$8.69 million (FY 2024: HK$28.98 million). • Negative equity shrank to HK$2.92 million (FY 2024: HK$15.22 million). • No bank borrowings; lease liabilities reduced to HK$4.41 million (FY 2024: HK$17.25 million).

Auditor’s Emphasis BDO Limited issued an unqualified opinion but drew attention to material uncertainty related to going concern, citing the Group’s continuing net current liability position.

Capital Management • No final dividend declared. • October 2025 share consolidation (4-to-1) reduced issued shares to 144.97 million. • Unutilised proceeds of HK$5.10 million from prior placings were re-allocated to general working capital, with full utilisation targeted by 31 December 2026.

Operational Highlights • Three Hong Kong restaurants—Duddell’s Airport, Andō and Louise—remained in operation; Andō and Louise retained one Michelin star each. • Management noted outbound spending by Hong Kong residents and adopted PRC e-commerce distribution to diversify income.

Outlook Management expects the e-commerce venture to be a primary growth driver while continuing cost discipline in the core restaurant business. The Board will monitor liquidity and seek further improvement in the balance-sheet position.