Summary by Moomoo AI
Guoquan Foods (Shanghai) Co., Ltd. ("Guoquan") announced its interim performance for the six months ended June 30, 2024. The report shows that the revenue for this period was RMB 2,665.0 million, a decrease of 3.5% compared to the same period last year. The gross profit was RMB 608.9 million, an increase of 5.3% compared to the previous year, and the gross margin increased from 20.9% to 22.8%. However, the net profit was RMB 85.5 million, a decrease of 26.7% compared to the same period last year. The basic and diluted earnings per share were RMB 0.0313, a decrease of 22.3% compared to the previous year. The core operating profit was RMB 124.9 million, an increase of 4.9% compared to the previous year. Guoquan has 9,660 retail stores nationwide and expands its sales and brand influence through various online sales networks and social e-commerce platforms. The company has approximately 30.9 million registered members and cultivates consumer loyalty through membership programs. Guoquan is committed to improving supply chain efficiency and plans to further expand its store network and enhance its product research and development capabilities.