Core Viewpoint - The financial performance of Quanjude in the first half of 2025 shows a significant decline in both revenue and net profit, indicating challenges in the restaurant industry and potential impacts on future growth [1] Financial Performance - The company reported a revenue of 630 million yuan, a year-on-year decrease of 8.34% [1] - The net profit attributable to shareholders was 12.38 million yuan, down 57.79% year-on-year [1] - The net profit after deducting non-recurring gains and losses was 3.90 million yuan, a decline of 84.61% year-on-year [1] - Basic earnings per share were 0.04 yuan [1] Store Expansion - As of the end of the reporting period, the company operated a total of 96 dining outlets in cities including Beijing, Shanghai, and Hangzhou, as well as overseas [1] - The Quanjude brand had 81 outlets, consisting of 35 direct-operated and 46 franchised stores [1] - The company also operates 6 Fengze Garden brand outlets (2 direct-operated, 4 franchised), 8 Sichuan Restaurant brand outlets (all direct-operated), and 1 imitation brand outlet (direct-operated) [1] Business Development - In addition to traditional Chinese cuisine, the company is expanding its group meal business, having added 3 new projects including Xiong'an University Town, bringing the total to 11 projects [1] - The group meal business generated over 21 million yuan in revenue during the first half of the year [1]