Summary by Futu AI
Noodle Food (Shanghai) Co., Ltd. ('Guaan') announced its interim performance for the six months ended June 30, 2024. The report shows that the revenue for this period was RMB 2,665.0 million, a decrease of 3.5% compared to the same period last year. The gross profit was RMB 608.9 million, an increase of 5.3% year-on-year, with gross margin rising from 20.9% last year to 22.8%. However, the net profit was RMB 85.5 million, a decrease of 26.7% compared to the previous year. The basic and diluted earnings per share were RMB 0.0313, a decrease of 22.3% year-on-year. The core operating profit was RMB 124.9 million, an increase of 4.9% compared to the previous year. Guan has 9,660 retail stores nationwide, and expands sales and brand influence through various online sales networks and social commerce platforms. The number of registered members of the company has reached approximately 30.9 million, and consumer loyalty is cultivated through the membership program. Guan is committed to improving supply chain efficiency and plans to further expand its store network and enhance its product research and development capabilities.
