Shares of GUMING (01364) climbed more than 5% in Hong Kong trading, last up 5.63% at HK$26.62 with turnover reaching HK$196 million. The move comes as the company released its interim results for the first half of 2026.

During the period, the company generated revenue of RMB 7.47 billion, up 31.9% year-on-year. Profit attributable to owners of the parent stood at RMB 1.571 billion, down 3.4%, while adjusted profit reached RMB 1.568 billion, up 44.4%. Adjusted core profit came in at RMB 1.73 billion, representing a robust 53.3% year-on-year increase, corresponding to an adjusted core profit margin of 23.2%.

In the first half, GUMING's total GMV reached RMB 19.747 billion, up 40.11% year-on-year. The expansion of its coffee product line and the broadening of breakfast consumption scenarios have provided solid support for store-level performance. As of the end of the first half, approximately 13,500 stores had been equipped with coffee machines, reaching a penetration rate of about 94%. During the period, the company launched 51 new products, including 12 new coffee offerings.

According to Huatai Securities, the coffee and breakfast scenarios can leverage the company's existing store network and supply chain infrastructure, potentially extending consumption periods, boosting per-store revenue, and enhancing operational resilience amid the pullback of platform delivery subsidies.