According to the Zhitong Finance App, Boyuan (02517) announced its 2026 interim results, with revenue of about 3,947 billion yuan, an increase of 21.8% over the previous year. Gross profit was approximately $849 million, an increase of 18.3% over the previous year. Net profit was approximately $213 million, up 12.1% year on year. Core operating profit was 225 million yuan, up 18.3% year over year. Basic and diluted earnings per share were $0.0807, and the interim dividend was $0.0503 per share (tax included).
In the first half of 2026, the group adhered to the strategic position of “Community Central Chef”, deeply integrated online and offline operation models through a multi-channel and multi-scenario global layout, and successfully built a comprehensive network of instant retail stores to provide consumers with a “hot pot ring flash sale” shopping experience. The Group closely adheres to the “one family • three tables • five meals” full-scene dining concept, thoroughly explores the consumption needs of various scenarios, continues to develop and iterate diversified package product portfolios, comprehensively promotes store restructuring, upgrading and refined operation management, and improves member ecosystem construction, effectively improving store operation efficiency and market competitiveness. The number of stores grew from 10,400 stores on June 30, 2025 to 12,198 stores on June 30, 2026, covering 31 provinces, autonomous regions and municipalities in mainland China, as well as the Hong Kong Special Administrative Region of China. In the first half of 2026, the group added 997 stores and reduced the number of operating stores by 365. Based on a deep understanding of the sinking market, the Group also achieved good results in store development in the township market, adding a net of 367 township stores in the first half of 2026. As of June 30, 2026, the number of stores in the township market reached 3,377. New township stores are different from standard community stores in terms of product structure and store display, which better meet the needs of consumers in the township market. The Group continues to promote store-type innovation and broaden the boundaries of scenarios. In addition to 24-hour unmanned retail stores, in the first half of 2026, the Group completed the major store model upgrade for 684 stores. The upgraded stores relied on a rich product portfolio and the creation of full-time consumption scenarios, which effectively boosted the growth of store sales. In the first half of 2026, the Group also realized the operation of 96 camping outlets, covering emerging consumption scenarios such as outdoor dinners and country leisure, and achieving full-dimensional coverage of family home scenes and outdoor leisure scenes.
Furthermore, the Group expects the total number of stores to exceed 13,100 in 2026, or a net addition of more than 1,534 stores. The Group expects to add new stores in the second half of 2026, mainly in the big-store model, with an estimated closing rate of less than 4%. The Group expects the store efficiency to achieve high unit growth. The Group expects to have more than 95 million registered members. The Group expects steady growth in core operating profit this year.