HK Stock Market Move | AUNTEA JENNY (02589) rose over 8% in the afternoon, with a nearly 60% year-on-year increase in net profit for the first half of the year, and a high growth in the number of stores during the period.

AUNTEA JENNY (02589) surged over 8% in the afternoon, and as of the time of writing, it has risen by 4.92% to HKD 119.5, with a transaction volume of HKD 108 million. In terms of news, AUNTEA JENNY recently released its performance report, achieving revenue of RMB 2.589 billion in the first half of the year, a year-on-year increase of 42.4%; gross profit of RMB 818 million, a year-on-year increase of 43.2%; profit for the period of RMB 321 million, a year-on-year increase of 58.3%; and adjusted profit for the period of RMB 345 million, a year-on-year increase of 41.6%. The board also announced a proposed interim dividend of RMB 20 for every 10 shares, with a total expected payout of approximately RMB 210 million. According to the data, as of the first half of the year, AUNTEA JENNY has a total of 13,155 stores worldwide, a year-on-year increase of 39.4%. This includes 13,120 franchise stores and 35 directly operated stores. In the first half of the year, 2,253 franchise stores were newly opened and 556 were closed, resulting in a net increase of 1,697 franchise stores. Based on the number of closed stores divided by the initial number of franchise stores, the closure rate for the first half of the year is approximately 4.9%, a decrease from 7.0% in the same period last year. The proportion of stores in third-tier cities and below has increased; there are 61 overseas stores covering markets such as the UK, Australia, and Indonesia.