零食巨头净利暴增500倍

Core Viewpoint - The rapid growth of Wanchen Group's net profit and revenue in the first half of the year is primarily attributed to the aggressive expansion of its snack retail chain, "Haoxianglai" [1][2]. Group 1: Financial Performance - In the first half of the year, Wanchen Group achieved a net profit of 472 million yuan, a staggering year-on-year increase of 50,358.8%, with total revenue reaching 22.583 billion yuan, up 106.89% [1]. - The company's stock price surged by over 170% this year, closing at 211.8 yuan per share on August 29, with a market capitalization of 39.74 billion yuan [1]. Group 2: Store Expansion - In 2024, Wanchen Group opened 9,470 new "Haoxianglai" snack stores, breaking the previous record of 8,970 stores set by Mixue Ice City in 2022 [2]. - As of now, the total number of stores has exceeded 18,300, with an average of 8 new stores opening daily [2]. Group 3: Profitability and Competition - The gross profit margin for the company's snack products in the first half of the year was 11.49%, an increase of 0.62% compared to the same period last year, indicating strong pricing power due to the increased number of stores [2]. - The competitive landscape in the snack retail market is intense, with many brands vying for market share, leading to concerns about the sustainability of growth driven by new store openings [2][3].