This article only represents the author's own views.
It was swimming pretty for several years on the popularity of its Tai Er chain of mid-range restaurants serving up steaming pots of trendy ‘sauerkraut fish.’
But Jiumaojiu International Holdings Ltd. (9922.HK) shocked investors last week when it announced it would report a huge dip in its profit for the six months through June, even as its revenue rose modestly. The company said it expected to report revenue of about 3.06 billion yuan ($421 million) for the first half of the year, up 6.4% year-on-year. But its profit for the period tumbled by 69.8% to 67 million yuan from 222.2 million yuan a year earlier.
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