CHABAIDAO (02555) released its interim results, with profit attributable to shareholders of 336 million yuan, an increase of 3.2% year-on-year.

CHABAIDAO (02555) announced its interim results for the six months ending June 30, 2026, with the group achieving revenue of RMB 2.655 billion, an increase of 6.21% year-on-year; the profit attributable to company owners for the period was RMB 336 million, an increase of 3.2% year-on-year; earnings per share were RMB 0.228. During the reporting period, the group actively responded to changes in the external market environment, advancing a multi-category development strategy, orderly expanding the store coverage of freshly brewed coffee products, further enriching the product matrix and consumption scenarios, and maintaining steady sales performance at individual stores; continuously optimizing the layout of domestic and international store networks, and steadily promoting the expansion of the store network; at the same time, further strengthening store management, supply chain support, and operational process construction, enhancing the refined operational capabilities and operational quality of stores, providing strong support for the long-term stable operation of stores and the continued expansion of the store network. Our CHABAIDAO store network has covered all levels of cities in mainland China and multiple overseas markets. In mainland China, the group continues to strengthen its market foundation in first-tier and new first-tier cities, enhancing brand awareness and aligning with consumption trends, while deepening the layout in lower-tier cities, expanding store coverage and market penetration; overseas, the group continues to expand into markets with consumption potential and brand fit, steadily increasing the store network and brand coverage. By continuously optimizing the domestic and international store layout, the group further reaches diverse consumer groups, laying a foundation for the long-term stable development of the store network. During the reporting period, based on the continuous optimization of store network operational quality, we further expanded store coverage and steadily advanced store expansion. The global number of stores increased from 8,465 as of June 30, 2025, to 8,863 as of June 30, 2026, a year-on-year increase of 4.7%. Among them, the number of stores in mainland China increased from 8,444 as of June 30, 2025, to 8,791 as of June 30, 2026, a year-on-year increase of 4.1%; the number of overseas stores increased from 21 to 72, with the overseas market expansion steadily progressing. During the reporting period, we continued to deepen our layout in the sinking market, adapting the store model and optimizing site selection strategies based on the characteristics of different city tiers and business circles to enhance store operational efficiency. The number of stores in third-tier cities and below increased from 3,825 as of June 30, 2025, to 4,099 as of June 30, 2026, a year-on-year increase of 7.2%.