On August 28, GUMING rose 7.14% in regular trading, trading at HK$26.68/share, with turnover of approximately HK$100 million.
The rally was driven by the company's strong interim results released on August 26. GUMING reported H1 revenue of RMB 7.47 billion, up 31.9% year-over-year, with adjusted net profit reaching RMB 1.568 billion, a 44.4% surge compared to the prior year. Gross margin expanded from 31.5% to 33.4%, reflecting improved operational efficiency.
Store expansion remained robust, with total outlets reaching 14,351 as of June 30, representing 28.4% growth year-over-year. Total store GMV amounted to RMB 19.747 billion, up 40.1%. Average daily GMV per store rose to RMB 7,800 from RMB 7,600 a year ago. The company also completed cancellation of 39.29 million repurchased shares on August 26, having spent approximately HK$798 million on buybacks. However, no interim dividend was declared for the period.
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