GUOQUAN (02517) announced its interim results, with core operating profit of 225 million yuan, an increase of 18.3% year-on-year.

GUOQUAN (02517) announced its mid-term results for 2026, with revenue amounting to approximately 3.947 billion yuan, an increase of 21.8% year-on-year. Gross profit was approximately 849 million yuan, representing an 18.3% year-on-year increase. Net profit was approximately 213 million yuan, up 12.1% year-on-year. Core operating profit reached 225 million yuan, increasing by 18.3% year-on-year. Basic and diluted earnings per share were 0.0807 yuan, with an interim dividend of 0.0503 yuan per share (before tax). In the first half of 2026, the group adhered to its strategic positioning of "community central kitchen" and, through a multi-channel, multi-scenario comprehensive layout, deeply integrated the operational model of Wuxi Online Offline Communication Information Technology Co., Ltd., successfully establishing a comprehensive network of instant retail stores to provide consumers with a "GUOQUAN Flash Purchase" shopping experience. The group focused on the dining concept of "one home, three tables, five meals," delving into various scenario-based consumption needs, continuously developing and iterating diversified package product combinations, and fully promoting store renovation upgrades and refined operational management, thus enhancing the membership ecosystem and effectively improving store operating efficiency and market competitiveness. The number of stores increased from 10,400 as of June 30, 2025, to 12,198 as of June 30, 2026, covering 31 provinces, autonomous regions, and municipalities in mainland China, as well as the Hong Kong Special Administrative Region. In the first half of 2026, the group added 997 operating stores and reduced 365 stores. Based on a deep understanding of the sinking market, the group also achieved remarkable performance in expanding stores in township markets, adding a net of 367 township stores in the first half of 2026. As of June 30, 2026, the number of stores in township markets reached 3,377. The new township stores differ from standard community stores in product structure and store layout, better meeting the needs of consumers in township markets. The group continues to promote store type innovation and expand scene boundaries. In addition to 24-hour unmanned retail stores, in the first half of 2026, the group completed the upgrade of 684 stores to a large store model, leveraging a rich product combination to create all-time consumption scenarios, effectively driving sales growth. In the first half of 2026, the group also achieved operations at 96 camping points, covering emerging consumption scenarios such as outdoor dining and leisure, realizing full-dimensional coverage of home and outdoor leisure scenarios. Furthermore, the group anticipates that the total number of stores will exceed 13,100 by 2026, with a net increase of over 1,534 stores. The group expects to focus on adding new stores in the large store model in the second half of 2026, with a closure rate anticipated to be below 4%. The group projects substantial high single-digit growth in store efficiency. It also expects the number of registered members to exceed 95 million. The group anticipates steady growth in core operating profit for this year.