Auntea Jenny Industrial (2589) H2 2025 earnings summary

Executive summary

• FY2025 revenue rose 36.0% YoY to RMB4,465.6m; profit for the year increased 52.4% to RMB501.3m, supported by store network growth and higher average daily sales per store.

• Store count expanded 24.8% YoY to 11,449, including 11,423 franchised stores; adjusted profit reached RMB570.3m, up 36.4%.

Financial highlights

• Revenue was RMB4,465.6m, up 36.0% YoY; gross profit was RMB1,404.2m, up 36.7%, with gross margin stable at 31.4%.

• Profit before tax rose to RMB675.5m from RMB449.4m; profit for the year grew to RMB501.3m from RMB328.9m.

• Basic and diluted EPS were both RMB4.81, up from RMB3.22 in 2024.

• Selling and marketing expenses increased 27.9% to RMB504.2m; administrative expenses rose 17.7% to RMB205.8m; R&D expenses rose 2.9% to RMB53.4m.

• Adjusted profit, excluding share-based payment and listing expenses, was RMB570.3m versus RMB418.1m; adjusted net profit margin was 12.8% versus 12.7%.

Outlook and guidance

• Priorities include selective store expansion, improving store-level profitability and franchisee returns, and shortening franchisees’ investment payback periods.

• Plans include accelerating coffee launches and tea-coffee integration, expanding product innovation, and advancing differentiated multi-brand positioning.

• Supply chain plans focus on supplier diversification, cold-chain coverage, warehouse-distribution coordination and cost control; digitalisation investment is intended to improve efficiency and food safety.