Hong Kong Stock Movement | DPC DASH (01405) Surges Over 6% Post-Earnings with Interim Adjusted Net Profit Up 79.6% YoY, Continues Nationwide Store Network Expansion

Stock News
08/29

DPC DASH (01405) rose over 6% following its earnings announcement. As of press time, the stock was up 4.06% to HK$87.05 with a trading volume of HK$25.249 million.

On August 28, DPC DASH announced its interim results for 2025, reporting revenue of approximately RMB 2.593 billion, up 27% year-over-year. Net profit attributable to shareholders reached RMB 65.924 million, surging 504.4% year-over-year. Adjusted net profit was RMB 91.42 million, up 79.6% year-over-year, with basic earnings per share of RMB 0.5.

The announcement stated that revenue growth was primarily driven by the group's continued nationwide expansion of its store network, strong sales from new stores in new markets, and sustained positive sales trends in existing markets.

As of June 30, 2025, the company operated 1,198 directly-owned stores across 48 cities in mainland China. During the period, the group operated 515 stores in tier-1 cities, accounting for 43% of total stores, and 683 stores in non-tier-1 city markets, representing 57% of total stores.

The company plans to open 300 stores in 2025. In the first half of 2025, the company achieved a net opening of 190 new stores. As of August 15, 2025, the company additionally net opened 43 stores, with another 27 stores under construction and 35 stores under signed contracts, positioning it well to achieve its full-year target of 300 store openings in 2025.

The company's membership base reached 30.1 million, up over 55% year-over-year, with member sales contributing 66% of total sales, fully demonstrating the company's capabilities in new customer acquisition and retention. Meanwhile, the rapid expansion of the company's store network combined with accelerated penetration of digital applications further helped the company achieve significant expansion of its customer base.

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