Changes in Hong Kong stocks | Shanghai Aunt (02589) rose more than 8% in the afternoon, net profit in the first half of the year increased year-on-year, and the number of stores increased by nearly 60% during the period

The Zhitong Finance App learned that Aunt Shanghai (02589) rose more than 8% in the afternoon. As of press release, it had risen 4.92% to HK$119.5, with a turnover of HK$108 million.

According to the news, Aunt Shanghai recently announced her results. In the first half of the year, she achieved revenue of 2,589 million yuan, an increase of 42.4%; gross profit of 818 million yuan, an increase of 43.2%; profit for the period of 321 million yuan, an increase of 58.3%; and profit for the adjusted period was 345 million yuan, an increase of 41.6% year on year. The board of directors also announced the proposed interim dividend of RMB 20 for every 10 shares, with an estimated total dividend of approximately RMB 210 million.

According to the data, as of the first half of the year, Aunt Shanghai had 13,155 stores worldwide, an increase of 39.4% over the previous year, including 13,120 franchised stores and 35 direct-run stores. In the first half of the year, 2,253 new franchisees were opened and 556 closed, with a net increase of 1,697 franchisees; based on the number of stores closed during the period divided by the number of initial franchisees, the closing rate in the first half of the year was about 4.9%, down from 7.0% in the same period last year. The share of stores in third-tier cities and below has increased; there are 61 overseas stores, covering markets such as the United Kingdom, Australia and Indonesia.