At the same time, large chain brands have become the main engine of its growth. According to data from the China Chain Store Association, in 2023, the number of stores owned by large domestic chain catering companies more than 1,000 stores accounted for 24% of all chain stores, an increase of 1.1 percentage points from the previous year.
As for Xiaocaiyuan, as of the last practicable date i. December 5, , it has 663 directlyoperated stores in operation, covering 146 cities or counties in 14 provinciallevel administrative regions in China. At the same time, it plans to maintain a rapid pace of store expansion and join the 1,000store club by the end of 2026, and is expected to continue to deliver performance from it.
Third, the potential of China's community catering market is becoming denmark phone number list increasingly prominent. More and more catering brands are choosing to locate in communities and regard it as an important market strategy. Xiaocaiyuan has officially entered this field to create potential growth points for the future.
At present, Xiaocaiyuan has launched a new brand "Cai Shou" targeting the Chinese community catering market, and has leveraged the store operation experience and supply chain system of "Xiaocaiyuan" to empower the development of this business and gradually accumulate a consumer base. Objectively speaking, as Caishou develops, it is also expected to give play to the synergy of the multibrand matrix and feed back into overall development.