Special Sea International (09658) rose more than 3% in mid-trading, up 2.97% to HKD 12.48 as of the time of publication, with a turnover of HKD 3.7275 million.
According to the Zhongtong Finance APP, Special Sea International (09658) rose more than 3% in mid-trading, up 2.97% to HKD 12.48 as of the time of publication, with a turnover of HKD 3.7275 million.
In terms of news, Special Sea International announced its interim performance earlier. During the period, the group's revenue was CNY 0.371 billion, a year-on-year increase of 14.51%, mainly due to the increase in turnover rate and expansion of restaurant network during the reporting period; the company's attributable loss was USD 4.583 million, compared to a profit of USD 3.541 million in the same period last year, resulting in a year-on-year profit turning into a loss.
According to Founder Securities, in the first half of the year, Special Sea's store turnover rate was 3.8 times per day, a year-on-year increase of 0.5 times per day, with a same-store turnover rate of 3.8 times per day, and an average daily sales per store of USD 0.0172 million, a year-on-year increase of 10.3%. The increase in turnover rate is mainly due to the recovery of the economic environment and the active efforts at the store level. In terms of regions, turnover rate growth is faster in East Asia and North America, with turnover rates in Southeast Asia/East Asia/North America/other regions at 3.7/4.1/4.1/3.9 times per day, a year-on-year increase of 0.4/1.0/0.9/0.4 times per day. In addition, the company is accelerating its store opening pace, launching the Pomegranate Plan, and actively incubating and replicating new business formats.