GUMING (01364) opened higher by more than 5% in Hong Kong trading. As of the time of writing, the stock was up 5.34%, trading at HK$27.6 with a turnover of HK$9.14 million. The movement follows the company's release of its 2025 annual results on the evening of March 25. Revenue reached RMB 12.91 billion, representing a year-on-year increase of 46.9%. Profit attributable to owners of the parent company surged 110.3% to RMB 3.11 billion. The company proposed a final dividend of HK$0.50 per share. During the reporting period, GUMING added 3,640 new stores, bringing its total store count to 13,554. In 2025, the total number of cups sold across all stores grew 43.4% year-on-year to 1.9 billion cups, while total gross merchandise value increased 46.1% to RMB 32.73 billion. According to Guojin Securities, looking ahead to 2026, the company's strong product innovation capabilities and efficient supply chain are expected to support its high-quality growth.