古茗将在A股二次上市？知情人士称系“误读”

Core Viewpoint - The company Gu Ming is planning to enter the Shanghai market, with potential store openings in 2026, although there was initial confusion regarding a possible secondary listing in A-shares [1][2]. Group 1: Company Expansion Plans - Gu Ming's CFO mentioned that the company might open stores in Shanghai by 2026, but this was misinterpreted as a secondary listing [1]. - As of June 30, 2025, Gu Ming operates 11,179 stores, making it the second new tea beverage company to surpass 10,000 stores, following Mixue Group [1]. - The company has opened over 2,100 new stores this year, with a target of reaching 20,000 stores by 2027 [1]. Group 2: Financial Performance - In the first half of the year, Gu Ming achieved revenue of 5.663 billion yuan and a net profit of approximately 1.625 billion yuan, marking a year-on-year increase of 121.5% [1]. Group 3: Market Positioning - Gu Ming's strategy focuses on expanding in lower-tier markets, with 80% of its new stores located in second-tier cities and below [1]. - Despite its growth, Gu Ming has not yet entered major cities like Shanghai, Beijing, and Nanjing, indicating a cautious approach to these markets [1][2]. - The Shanghai market is recognized for its strong consumer spending power, suggesting that Gu Ming's entry is anticipated as a matter of time [3].