According to financial reports, CHABAIDAO (02555) released its interim results on August 29th, achieving double growth in both revenue and profit. The company recorded revenue of 2.5 billion yuan in the first half of the year, representing a 4% year-on-year increase, while profit surged to 333 million yuan during the period.
Public information reveals that CHABAIDAO's international stores have expanded to 8 countries and regions, with over 40 stores under contract. In South Korea specifically, CHABAIDAO has obtained franchise operating qualifications and demonstrated scaled chain operation capabilities, with the current number of Korean stores reaching 18 locations.
Recently, CHABAIDAO has successfully expanded its store network beyond South Korea's capital region, opening new outlets in the tourist destination of Jeju Island and accelerating market penetration across the entire Korean territory. Simultaneously, the company announced plans for its first stores in France and the United States to open soon, marking an acceleration in its international business expansion.