HK Stock Market Move | GREEN TEA GROUP (06831) fell over 7% recently amidst the "DDVP pesticide controversy," with revenue increasing to 2.675 billion yuan in the first half of the year.

GREEN TEA GROUP (06831) fell over 7%, and as of the time of this report, it is down 7.33%, trading at HKD 6.07, with a transaction volume of HKD 7.7972 million. On the news front, recent media reports have revealed that Xiamen Lvyinshen Environmental Technology Co., Ltd. has been using dichlorvos for disinfection for dozens of chain restaurant enterprises, including Green Tea restaurants. The report quotes employees of the involved enterprises stating, I personally would not eat at the restaurants we have disinfected; I would rather die than eat there! In response, media contacted the headquarters of Green Tea, and the staff indicated that the headquarters is aware of this matter and is currently conducting a thorough investigation. In the first half of this year, GREEN TEA GROUP achieved revenue of 2.675 billion yuan, an increase of 16.8% year-on-year; net profit attributable to shareholders reached 291 million yuan, an increase of 24.4% year-on-year; adjusted net profit was 294 million yuan, an increase of 16.9% year-on-year. The company declared an interim dividend of HKD 0.30 per share. Specifically, restaurant operating revenue for the first half of the year was 2.014 billion yuan, a year-on-year increase of 14.6%; takeaway revenue was 651 million yuan, a year-on-year increase of 24.1%. Additionally, same-store sales fell 9.7% year-on-year, primarily affected by the slow recovery of the consumer market and the increased pace of store openings.