Core Viewpoint - Green Tea Group (06831) has issued a positive profit forecast, expecting a net profit growth of 32% to 36% year-on-year for the first half of this year, exceeding expectations [1] Financial Performance - The management forecasts a net profit of approximately 230 million to 237 million RMB for the first half of 2025, representing a year-on-year growth of 32% to 36% [1] - Adjusted net profit is expected to be around 247 million to 254 million RMB, implying a year-on-year growth of 38% to 42% after deducting approximately 15 million to 20 million RMB in listing expenses [1] Sales and Expansion - Sales growth is anticipated to accelerate, with a projected year-on-year increase of 21% to 25% for the first half of 2025, reaching 2.25 billion to 2.33 billion RMB [1] - The number of stores is estimated to grow by approximately 25%, contributing to the overall sales increase [1] Profitability and Efficiency - Improvement in profit margins is considered crucial, with a focus on the growth of sales through delivery channels [1] - The company is expected to maintain a positive outlook for the second half of 2025, as the pace of store openings continues as planned [1]
招银国际：升绿茶集团(06831)目标价至10.54港元 下半年展望乐观