AUNTEA JENNY (02589) has released its annual results for the period ending December 31, 2025. The Group reported revenue of RMB 4.466 billion, representing a year-on-year increase of 35.96%. Profit attributable to shareholders was RMB 501 million, a rise of 52.41% compared to the previous year. Basic earnings per share were RMB 4.81. The Board has proposed a final dividend of RMB 10 per 10 shares (tax inclusive).
As of December 31, 2025, the company's store network comprised 11,449 outlets, a 24.8% increase from the 9,176 stores recorded on December 31, 2024. This network includes 26 directly operated stores and 11,423 franchised stores. The store network covers all four municipalities in China, as well as over 300 cities across five autonomous regions and 22 provinces, spanning from Mohe in Heilongjiang Province in the north to Sanya in Hainan Province in the south. In 2025, the company actively expanded its overseas operations, opening 45 stores in markets including the United States, South Korea, and Malaysia.
According to CIC, the ready-to-drink tea shop market in China's Tier 3 and lower-tier cities is the largest and fastest-growing segment by Gross Merchandise Value during the period from 2023 to 2028, indicating significant future growth potential. The company places great importance on these markets and holds advantages in terms of store coverage and supply chain network. As of December 31, 2025, stores in Tier 3 and lower-tier cities accounted for 52.7% of the total store count, an increase of 2.3 percentage points year-on-year.
The core of the company's business model is collaboration with like-minded franchisees who possess an entrepreneurial spirit and are committed to developing the brand and store network. The company employs a mutually beneficial franchising model characterized by low initial investment and comprehensive support. Under the franchise arrangement, franchisees are responsible for store leasing, daily operations, and staff hiring. The company provides full lifecycle support and supervision through a highly standardized and digitalized store management system. This includes assistance with site selection planning and evaluation, store opening support, digital operation tools, monitoring, and training programs, all designed to help franchisees solve problems and improve operations. Coupled with the provision of high-quality, diverse products backed by consumer insights and a robust national supply chain management system, the company continuously works to enhance store profitability. This comprehensive franchisee support platform, a proven track record in lower-tier markets, and the mutually beneficial franchise model underpin the sustainable expansion of the store network.
In 2025, the number of newly opened franchised stores increased significantly compared to 2024. Particularly in the second half of 2025, encouraged by strong store performance, the company accelerated its store expansion strategy. The number of franchised stores grew from 9,152 as of December 31, 2024, to 11,423 as of December 31, 2025.
The company also maintains a strong focus on store operational quality and channel network efficiency, managing, assisting, and optimizing existing stores based on their performance. Aligned with the expansion strategy and adhering to a principle of strategic entry and exit, the company proactively optimizes its network layout. While expanding the overall store scale, the number of closed franchised stores also increased accordingly. This was partly due to some franchisees being unable to operate profitably or being unable to secure alternative locations after lease expirations. On the other hand, to further enhance consumer experience and store operational quality, the company proactively optimized its store layout, leading to the orderly exit of some franchised stores.
Moving forward, the company will continue to focus on improving store operational quality and profitability, supporting franchisees in achieving stable operations and enhancing service levels.
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