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Stock Movement | Chagee Tea Surged 16% Expected to Have Earned Over 62% More Last Year
Café de Coral (02555) reported a profit growth of over 62% last year, with the stock price rising up to 15.9%, reaching a high of HKD 6.35.
As of 11:06 a.m., the stock was at HKD 5.95, up 8.6%, with a turnover of HKD 86.3 million.
The company issued an earnings forecast, expecting net profit for 2025 to be between RMB 780 million and RMB 840 million, representing a year-on-year increase of 62.5% to 75%. Adjusted net profit is expected to be between RMB 792 million and RMB 852 million, an increase of 22.79% to 32.09%.
The company stated that the growth in adjusted net profit is mainly due to the continuous improvement in the group’s core operations. In 2025, the group will continue to optimize the quality of its store network, steadily promote product research and development innovation, and diversify product offerings, driving improvements in store performance and ongoing expansion of the store network. Additionally, through product structure optimization, supply chain efficiency improvements, and refined cost management, overall profitability will be further enhanced.