Auntea Jenny Industrial (2589) H1 2025 earnings summary

Executive summary

• H1 2025 revenue rose 9.7% YoY to RMB1,818.5m and profit for the period increased 20.9% to RMB202.9m, supported by network growth and higher average daily sales per store.

• Adjusted profit rose 14.0% to RMB243.7m; the network reached 9,436 locations across China and Malaysia, with 99.7% franchised.

Financial highlights

• Gross profit increased 10.4% YoY to RMB571.5m; gross margin was 31.4%, broadly stable.

• Profit before tax was RMB280.4m versus RMB227.2m; basic and diluted EPS both rose 19.4% to RMB1.97.

• Adjusted profit margin was 13.4%, up from 12.9% in H1 2024.

• Selling and marketing expenses fell 4.9% to RMB187.9m; administrative expenses rose 6.4% to RMB93.0m; R&D expenses decreased 1.1% to RMB24.8m.

• Income tax expense rose 30.4% to RMB77.5m, primarily due to higher taxable income; finance costs fell 37.8% to RMB1.7m.

Outlook and guidance

• H2 priorities include deeper market penetration, offline network and online sales expansion, improved franchisee profitability and stronger digital operations.

• Plans include investment in product R&D, supplier development, cold-chain efficiency, digitalization, food safety and multi-brand marketing.