On September 26, 2024, in Hong Kong /PRNewswire/ -- Desi Group Limited ("Domino's China" or "Desi Group" or "Company") (1405.HK) is the exclusive master franchisee of Domino's Pizza in mainland China, the Hong Kong Special Administrative Region of China, and the Macao Special Administrative Region of China. The company today released its 2024 interim report.

In the first half of 2024, Domino's China continued to advance the implementation of the 4D global strategy, namely high-quality store development, high-value-for-money delicious pizza, efficient delivery experience, and digital capabilities. Thanks to Domino's China's deep penetration in existing cities and successful expansion into new cities, the company achieved significant growth in all markets. Revenue in the first half of 2024 saw double-digit growth, with net income and adjusted net income turning positive for the first time. In addition, the company continuously innovated in its products to better meet consumer demand and engaged consumers through digital measures. Delivery remains core to the company's strategy, while demand for dine-in and takeaway services has significantly increased.

Ms. Wang Yi, CEO of Domino's China, stated during the 2024 mid-year performance conference call, "Our 4D strategy continues to drive the company's continued leading position in the Chinese pizza market. This is evident from our excellent financial performance in the first half of 2024. In the first half of 2024, total revenue of the company reached 204 billion RMB, a year-on-year growth of 48.3%. Since our current management team took office in the third quarter of 2017, the company has achieved continuous same-store sales growth for 28 consecutive quarters. The operational performance over these seven years fully demonstrates the foresight of the company's strategy and the superior execution of the team."

Ms. Wu Ting, CFO, stated during the conference call, "The contribution of new growth markets to revenue actually exceeds 50%. The prospects are very promising, and we will continue to promote high-value-for-money delicious pizza to consumers nationwide." Currently, the company is receiving a large number of store opening requests from consumers nationwide.

Ms. Wang Yi added that in the future, opportunities will continue to be sought in Shanghai and Beijing, while market potential will continue to be explored beyond the 33 cities already entered. Currently, the company is steadily progressing towards the goal of opening 240 new stores for the whole year, with an expected annual opening of 300 to 350 new stores in the next two years.

Download the complete report of Dashi Corporation's 2024 interim report here:

Forward-Looking Statements

This document and/or announcement contains forward-looking statements that involve significant risks and uncertainties. Any statements that express or involve discussions about expectations, beliefs, plans, objectives, assumptions, future events, or performance (usually but not limited to using terms such as "will," "expect," "anticipate," "estimate," "believe," "afterward," "should," "may," "seek," "shall," "intend," "plan," "predict," "can," "vision," "goal," "purpose," "aspiration," "aim to," "target," "timetable," and "prospect") are not historical facts, are forward-looking, may involve estimates and assumptions, and are influenced by risks (including but not limited to the risk factors detailed in this document and/or announcement), uncertainties, and other factors, some of which are beyond the company's control. Therefore, these factors may cause actual results or outcomes to differ significantly from the results or outcomes expressed in forward-looking statements. The company's forward-looking statements are based on assumptions and factors regarding future events, which may be inaccurate. These assumptions and factors are derived from information available to the company about its operations. Among the risks, uncertainties, and other factors that may affect actual results, there are a significant amount of elements beyond the company's control, including but not limited to: the company's operating and business prospects; its business and operational strategies and the ability to implement such strategies; its ability to develop and manage its operations and business; its ability to control costs and expenses; its ability to identify and meet customer needs and preferences; actions and developments of its competitors; and changes in the overall economic, political, and commercial conditions of the markets in which it operates, as well as changes in regulations and operating conditions in the industry and regional markets where it operates.

Any forward-looking statements are valid only as of the date they are made, and unless required by the rules of the Hong Kong Stock Exchange Limited or applicable law, the Company has no obligation to update any forward-looking statements to reflect events or circumstances after the date of making such statements or to reflect unexpected events.

As actual results may differ significantly from the results expressed in any forward-looking statements, the Company strongly warns investors not to overly rely on any such forward-looking statements. Shareholders and potential investors of the Company should not overly rely on forward-looking statements and should act prudently when buying or selling the Company's securities.

About Dash Brands

Dashen Holdings is the exclusive master franchisee of Domino's Pizza in mainland China, Hong Kong Special Administrative Region of China, and Macau Special Administrative Region of China. Domino's Pizza is a globally popular pizza brand. According to Domino's Pizza's financial report for the second quarter of fiscal year 2024, Domino's Pizza has over 20,900 restaurants in more than 90 countries and regions worldwide. Under the leadership of an experienced and visionary management team, Dashen Holdings has established a market-leading differentiated advantage by continuously developing a pizza-focused menu with local characteristics, professional and leading delivery services, as well as an advanced, expandable, and replicable store economic model empowered by technology. As of June 30, 2024, Dashen Holdings has operated over 900 stores in 33 cities in China.

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Contact Information

Investor Relations:
Dasee's shareholder relations team:
Dash Brands
IR@dominos.com.cn

ICR, LLC
dpcdashIR@icrinc.com

Media Contact:
Da Shi Group Media Relations Team:
ICR, LLC
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