Dual Drivers of Store Expansion and Membership Growth! DPC DASH (01405) Interim Adjusted Net Profit Surges 79.6% YoY with Strong Contribution from New Markets

Stock News
Aug 28, 2025

DPC DASH (01405) announced its 2025 interim results, reporting revenue of approximately RMB 2.593 billion, representing a 27% year-over-year increase. Profit attributable to owners reached RMB 65.924 million, surging 504.4% compared to the same period last year. Adjusted net profit stood at RMB 91.42 million, up 79.6% year-over-year, while basic earnings per share reached RMB 0.5. The announcement attributed the revenue growth primarily to the group's continued expansion of its store network nationwide, combined with strong sales generated by 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 a total of 515 stores in tier-one cities, accounting for 43% of total stores, while 683 stores were located in non-tier-one cities, representing 57% of the total. 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 had additionally opened a net 43 stores, with another 27 stores under construction and 35 stores already signed, positioning it well to achieve its full-year target of 300 store openings in 2025. The company's membership base reached 30.1 million, growing 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 contributed to significant expansion of the company's customer base.

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