Changes in Hong Kong stocks | Gu Ming (01364) rose more than 5% in the first half of the year, adjusted core profit increased by more than 50% year-on-year, and new categories such as coffee supported store efficiency

The Zhitong Finance App learned that Gu Ming (01364) rose by more than 5%. As of press release, it had risen 5.63% to HK$26.62, with a turnover of HK$196 million.

According to the news, Gu Ming announced 2026 interim results. In the first half of this year, the company achieved revenue of 7.47 billion yuan, an increase of 31.9%; profit attributable to parent company owners was 1,571 billion yuan, a year-on-year decrease of 3.4%; adjusted profit of 1,568 billion yuan, an increase of 44.4%; and adjusted core profit of 1,730 billion yuan, an increase of 53.3% year-on-year, corresponding to an adjusted core profit margin of 23.2%.

In the first half of the year, Guming's total GMV reached 19.747 billion yuan, an increase of 40.11% over the previous year. The rich variety of coffee varieties and the expansion of the breakfast scene support the store's efficiency. By the end of the first half of this year, about 13,500 stores were equipped with coffee machines/coverage of about 94%; during the period, the company launched 51 new products, including 12 new coffee products. Huatai Securities believes that the coffee and breakfast scenario can reuse the company's existing stores and supply chain system, which is expected to expand consumption periods, increase single-store revenue, and enhance its own business resilience in the context of declining takeout subsidies on the platform.