HK Stock Market Move | GUOQUAN (02517) rose nearly 4% in the third quarter, with a net increase of 361 stores. Core operating profit increased by approximately 44.4% to 66.7% year-on-year.

GUOQUAN (02517) rose nearly 4%, as of the time of writing, it rose 3.75%, to 3.6 Hong Kong dollars, with a trading volume of 462.321 million Hong Kong dollars. On the news front, GUOQUAN released the latest business situation for the third quarter of 2025, benefiting from the guidance of the "community central kitchen" strategy, the group steadily expanded its instant retail stores, with a net addition of 361 stores in the third quarter of 2025, a year-on-year increase of 98%, bringing the total number of stores to 10,761 as of September 30, 2025. In addition, the group achieved revenue (unaudited or reviewed) of approximately RMB 1.85 billion to RMB 2.05 billion in the third quarter of 2025, a year-on-year increase of approximately 13.6% to 25.8%; and achieved core operating profit (unaudited or reviewed) of approximately RMB 65 million to RMB 75 million, a year-on-year increase of approximately 44.4% to 66.7%. Huatai believes that with the drive of expanding product categories, building a membership system, and refining operations, the same-store sales in Q3 continued to grow impressively, the self-owned factories drove rapid growth in the 2B business, and same-store optimization and scale effects boosted profitability. With 361 new stores added in Q3, the goal of adding one thousand new stores annually is steadily progressing as scheduled. The bank is optimistic about the company's accelerated store expansion and long-term growth driven by category innovation, with the core advantages of "efficient supply chain + independent explosive product development + scale of ten thousand stores" becoming increasingly evident, maintaining a "buy" rating.