CHABAIDAO Shares Surge Over 7% Following Positive Earnings Alert

Stock News03-16 09:28

CHABAIDAO (02555) opened sharply higher by more than 7% after issuing a positive profit alert. At the time of writing, the stock was up 7.66%, trading at HK$5.9, with a turnover of HK$1.2331 million. The company announced it expects adjusted net profit to reach between RMB 792 million and RMB 852 million, representing a year-on-year increase of 22.79% to 32.09%. It also forecasts net profit in the range of RMB 780 million to RMB 840 million, a rise of 62.50% to 75.00% compared to the previous year. The profit growth is attributed to improvements in core operational performance, including optimization of the store network, innovation in product development, and enhancements in supply chain and expense management.

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