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达势股份(1405.HK)2025年中报:营收双位数增长 净利同比大增504.4% 新市场屡创佳绩

Financial Performance - The company reported a strong performance for the first half of the year, with revenue reaching 2.59 billion RMB, a year-on-year increase of 27% [1] - Net profit surged by 504.4% to 65.92 million RMB, with a net profit margin increase of 200 basis points to 2.5% [1] - Adjusted net profit grew by 79.6% to 91.42 million RMB, with an adjusted net profit margin rising by 100 basis points to 3.5% [1] - Adjusted EBITDA increased by 38.3% to 323 million RMB, with an adjusted EBITDA margin up by 100 basis points to 12.4% [1] Market Expansion - As of June 30, 2025, the company operates 1,198 stores across 48 cities in mainland China, ranking third in the global market for Domino's Pizza by store count [2] - The company has become the second-largest pizza brand in mainland China based on sales [2] - Since entering the Midwest market in December 2022, the company has opened over 100 new stores in two and a half years, demonstrating rapid expansion [2] - New market openings have set global records, including a store in Shenyang achieving over 31 million RMB in sales within 198 days, and a store in Handan recording over 540,000 RMB in sales on its first day [2] Membership Growth - The company's "Da Ren Hui" membership program has surpassed 30.1 million members, reflecting a year-on-year growth of 55.2% and reaching a historical high [2]