GUOQUAN (02517) recorded core operating profit of approximately RMB30 million to RMB40 million in the third quarter.

GUOQUAN (02517) announced that as of September 30, 2026, the Group had a total of 12,142 stores, a net increase of 1,381 stores compared with the same period last year; among them, the total number of stores in township markets was 3,478, a net increase of 916 stores compared with the same period last year. At the same time, the Group continued to deepen the digital and intelligent operation of members and build an online channel ecosystem. As of September 30, 2026, the Group's number of registered members reached approximately 88.45 million, a year-on-year increase of 54.9%. In the third quarter of 2026, GMV realized by stores through online proprietary mall channels (such as the GUOQUAN APP, WeChat mini-programs, etc.) increased by more than 50% year on year. In the third quarter of 2026, the Group recorded revenue (unaudited or unreviewed) of approximately RMB1.9 billion (down approximately 3.3% year on year) to RMB2.0 billion (up approximately 1.8% year on year); in the third quarter of 2026, the Group recorded core operating profit (unaudited or unreviewed) of approximately RMB30 million to RMB40 million. The Group's core operating profit declined year on year, mainly due to the combined impact of the following temporary factors: 1) The high base effect on the revenue side in the same period last year: in the third quarter of 2025, benefiting from platform traffic dividends, a relatively high comparative base was formed, putting pressure on the year-on-year performance of the current period. 2) Continued increased investment in brand building and innovative businesses, cultivating young consumer groups, extending new consumption scenarios, and making upfront strategic investments around breaking out of demographic circles and broadening long-term growth curves. Looking ahead, the Group will continue to closely follow the full-scenario dining concept of "one home, three tables, five meals," deeply explore the needs of various household consumption scenarios, continue to develop and iterate diversified set meals and product combinations, steadily advance store renovation and upgrading and refined operations, consolidate the construction of the membership ecosystem, and continuously improve store operating efficiency and market competitiveness; on this basis, the Group will continue to make efforts in various innovative businesses and consolidate diversified growth engines.