Meet Xiaomen (02408) released interim results, adjusted net profit of 73.559 million yuan, increased 40% year over year

Zhitong Finance App News, Meet Xiaomian (02408) announced its interim results as of June 30, 2026. The group obtained revenue of RMB 939 million (same unit), an increase of 33.6% year on year; profit attributable to the company's equity shareholders during the period was 63.26 million yuan, an increase of 51.2% year on year; adjusted net profit of 73.59 million yuan, an increase of 40% year on year; and basic profit per share of 9.08 points.

As of June 30, 2026, the Group had 432 direct-run restaurants and 99 franchised restaurants in 25 cities in mainland China, 17 and 2 directly-managed restaurants in the Hong Kong Special Administrative Region and Singapore, respectively.

With strong revenue growth, the company has also improved operational efficiency, thereby improving profitability. The improvement in profitability is mainly due to: (i) the expansion of our directly-operated and franchised restaurant network, which increased the total number of restaurants from 417 as of June 30, 2025 to 550 as of June 30, 2026; (ii) the gradual expansion of restaurants from their current downtown location to surrounding areas, leading to lower rental costs and higher profit margins; and (iii) further dilution of headquarters costs.