HK Stock Market Move | DPC DASH(01405) rose more than 3%, Domino's Pizza China has surpassed 1,000 stores, institution claims company has reached a profit turning point.

DPC DASH (01405) rose more than 3%, up 3.47% as of press time, reporting HKD 74.5, with a turnover of HKD 657.79 million. In terms of news, on November 15th, with the grand opening of Domino's Pizza China's 1000th store in Chengdu, it marks the company's formal entry into the milestone of 1,000 stores. Domino's Pizza China CEO Wang Yi had previously stated that the company could open at least 5,000 stores in the Chinese market in the future. Minsheng Securities pointed out that the company has reached a turning point in profitability, with the continuous optimization of the UE model, and is currently in a period of store expansion, with a lot of untapped markets waiting to be penetrated. In the first half of this year, the company's total revenue was RMB 2.04 billion, an increase of 48.3% year-on-year; net profit and adjusted net profit turned positive for the first time, achieving overall profitability. As of the third quarter of this year, Domino's Pizza China has maintained same-store growth for 29 consecutive quarters, with a membership of 21.7 million. In Domino's Pizza's global top 30 sales ranking of over 21,000 stores, Domino's Pizza China occupies 28 out of the top 30 positions.