古茗2025年上半年门店达11179 家

Core Insights - The company, Gu Ming, reported a revenue of approximately 5.663 billion RMB for the six months ending June 30, 2025, representing a year-on-year increase of 41.2% [1] - The profit for the same period was around 1.626 billion RMB, showing a significant year-on-year increase of 119.8% [1] - The basic earnings per share were 0.72 RMB [1] Store Expansion and Strategy - As of June 30, 2025, Gu Ming's store network covered over 200 cities in China, with a total of 11,179 stores, marking a 17.5% increase from 9,516 stores as of June 30, 2024 [1] - The company accelerated its new store openings compared to the first half of 2024, driven by the recovery of the ready-to-drink tea market and adjustments in its store expansion strategy [1] - Gu Ming implemented promotional policies for franchisees to encourage new store openings, although there was a slight increase in the number of closed stores due to various factors [1] Market Potential - Gu Ming believes that second-tier and lower-tier cities, as well as towns, represent a vast untapped market with significant potential [2] - As of June 30, 2025, stores in second-tier and lower-tier cities accounted for 81% of the total store count, a slight increase from 79% as of June 30, 2024 [2] - The proportion of stores located in towns increased from 39% to 43%, indicating the brand's capability to deepen its presence in China's lower-tier markets [2]