蜜雪集团上半年净利超27亿元增超四成，全球门店数增至5.3万家

Core Insights - The core viewpoint of the news is that Mixue Group has reported strong financial performance in its first half post-IPO, with significant growth in both revenue and net profit. Financial Performance - For the first half of 2025, Mixue Group reported revenue of 14.87 billion RMB, a year-on-year increase of 39.3% [2] - The net profit for the same period was 2.72 billion RMB, reflecting a year-on-year growth of 44.1% [2] - The gross profit for the first half was 4.71 billion RMB, which is a 38.3% increase compared to the previous year [2] Revenue Breakdown - Revenue from product and equipment sales increased by 39.6% to 14.49 billion RMB [4] - Revenue from franchise and related services rose by 29.8% to 380 million RMB, attributed to the expansion of the store network [4] Profitability Metrics - Basic earnings per share for the first half were 7.23 RMB, up 38.2% year-on-year [2] - The gross margin for product and equipment sales decreased to 30.3%, primarily due to rising raw material costs and changes in revenue structure [4] - The gross margin for franchise and related services increased to 82.7%, benefiting from economies of scale due to the ongoing expansion of franchise stores [4] Store Network Expansion - As of June 30, 2025, Mixue Group has established a network of over 53,000 stores globally, including in China and 12 other countries [4]