Jiumaojiu Closes Out 2022 With Wash of Red, But Sees Tastier Times Post-Covid
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
