's third quarter revenue is worth looking forward to, maintaining a "buy" rating.

0.390.35Q2-0.123.40%2.93%2.53%+16.16%+ research report points out that Guangzhou Restaurant achieved a net profit attributable to the parent company of 0.39 billion yuan in the first half of the year, and a non-net profit attributable to the parent company of 0.35 billion yuan. The net profit attributable to the parent company in Q2 was -0.12 billion yuan, a decrease of 3.40% year-on-year. The restaurant profit is under pressure, while expansion outside the province is progressing smoothly. Direct sales and distribution channels are progressing simultaneously, with direct sales revenue increasing by 2.93% year-on-year and distribution revenue increasing by 2.53% year-on-year. In terms of regions, the company focuses on expanding markets outside Guangdong Province, creating a growth engine in "East China + North China," and revenue from outside the province increased significantly by 16.16% year-on-year. The company continues to promote the high-quality synergy development of the "restaurant + food" dual main businesses, deeply cultivating the market, optimizing channels, and helping sales performance to maintain growth. The recovery of the consumption environment is driving the recovery of the restaurant business, with demand for mooncakes and gifts supporting sales volume. The revenue for the third quarter is worth looking forward to. The company's "hold" rating is maintained.