MIHF(SH:600337) Zheng Quan Zhi Xing·2025-08-29 11:44Group 1 - The company reported no new store openings in the second quarter of 2025, but closed four stores across different regions [1] - The closed stores include two in Liaoning, one in Jiangsu, and one in Tianjin, with a total area of 4,960 square meters [1] - There are no plans to open any new stores in the second quarter of 2025 [1] Group 2 - For the first half of 2025, the company's domestic direct sales revenue was approximately 624.89 million yuan, with a gross margin of 45.28%, reflecting a decrease of 15.22% year-on-year [2] - The franchise business generated about 53.90 million yuan in revenue, with a gross margin of 25.94%, showing a year-on-year decrease of 37.59% [2] - The company's international wholesale business reported revenue of approximately 806.93 million yuan, with a gross margin of 25.34%, indicating a year-on-year increase of 1.85% [2]