Guming Holdings' 2025 performance shines: revenue of 12.9 billion, net profit of 3.1 billion, store expansion to 13,554 locations

Gu Ming Holdings Limited (Stock Code: 01364) recently announced its financial report, showing that as of December 31, 2025, the company’s annual revenue reached 12.914 billion yuan, a 46.9% increase from the previous year’s revenue of 8.791 billion yuan. This data reflects the company’s significant improvement in market expansion and operational efficiency.

In terms of profitability, Gu Ming Holdings achieved a gross profit of 4.262 billion yuan in 2025, a year-on-year increase of 58.6%; the profit for the year was 3.115 billion yuan, marking a 108.6% jump compared to 1.493 billion yuan in the same period last year. After adjustments, the company’s net profit was 2.575 billion yuan, a 66.9% increase from the previous year, while another adjusted net profit metric was 2.8 billion yuan, representing a year-on-year growth of 77.8%. These figures indicate that the company has made positive gains in cost control and profit optimization.

Store expansion is one of Gu Ming Holdings’ core strategies for development in 2025. The report shows that as of December 31, 2025, the total number of stores surpassed 13,554, a 36.7% increase from 9,914 stores at the end of 2024, covering over 200 cities of various tiers nationwide. In terms of city distribution, second-tier and lower-tier cities remain the main market, with the number of stores reaching 11,059, accounting for 82% of the total; new first-tier cities have 2,079 stores, making up 15%; and first-tier cities have only 416 stores, accounting for 3%. This layout strategy reflects the company’s strategic positioning in deepening its presence in lower-tier markets.

In terms of cost structure, Gu Ming Holdings’ sales and distribution expenses for 2025 were 700 million yuan, administrative expenses were 365 million yuan, research and development expenses were 223 million yuan, other expenses were 100 million yuan, while other income reached 405 million yuan. These figures reflect the company’s ability to balance operational efficiency and resource allocation, providing financial support for continued expansion.