Financial Performance Summary - In the first half of the year, the company achieved revenue of 2.29 billion RMB, a year-on-year increase of 23.1% [1][2] - The profit for the period was 234 million RMB, reflecting a growth of 34.1% [1][2] - Adjusted net profit reached 251 million RMB, marking a 40.4% increase [1][2] - Basic earnings per share were 0.42 RMB, up from 0.33 RMB in the previous year [2] Expansion Strategy - The company has been rapidly expanding its store count, reaching 502 locations by mid-year, with plans to increase to 465 by the end of 2024 [2][3] - New store openings are projected at 150 for 2025, with further expansions planned for 2026 and 2027 [3] - 68% of the planned new stores from 2025 to 2027 will be located in lower-tier cities [3] Business Segments - Revenue from restaurant operations was 1.76 billion RMB, while the takeaway business generated 524 million RMB, showing a significant increase of 74.2% [4][3] - The takeaway segment's contribution to overall revenue rose to 22.9% [3][4] - The company has focused on enhancing its takeaway services through digital operations and tailored meal options [5] Market Dynamics - The takeaway business has seen a rise in expenses, totaling 87.5 million RMB, which is a 75.9% increase [5] - The growth in takeaway revenue is attributed to the competitive landscape of the food delivery market, which has seen significant investment [5][6] - Despite strong revenue growth, there are concerns regarding the sustainability of this growth due to potential price reductions impacting overall sales [6] Consumer Insights - The average consumer spending was reported at 55.5 RMB, with slight variations across different regions [7] - The company has experienced a minor increase in table turnover rates, which may be influenced by the rise in takeaway orders [6][7] Stock Market Reaction - Following the release of the financial report, the company's stock price increased by over 8%, reaching a one-month high [7] - The stock price was reported at 7.99 HKD per share, reflecting a decline of 3.39% at the time of reporting [7]