Zhou Heiya (01458)'s revenue in the first half of the year increased 19.5% year-on-year to 1,461 billion yuan, rapid channel business growth, reconfiguration, and new overseas tracks

According to the Zhitong Finance App, Zhou Heiya (01458) announced the 2026 interim results, with revenue of about 1,461 billion yuan, up 19.5% year on year; gross profit of about 800 million yuan, up 11.6% year on year; parent company owners should account for profit of 91.496 million yuan during the period.

As of June 30, 2026, the Group's total number of stores reached 2,972, including 1,860 self-operated stores and 1,112 franchised stores, covering 221 cities in 28 provinces, autonomous regions and municipalities directly under the Central Government in China. Overall store sales achieved steady year-on-year growth, the share of profitable stores increased, and the quality of store operations steadily improved.

According to the announcement, the increase in revenue is mainly due to the Group's vigorous promotion of channel expansion and operational efficiency, driving steady growth in the channel business, optimizing the store structure, improving the quality of single-store operations, and comprehensively promoting overall revenue growth.

The channel business has become the Group's core growth engine. In the first half of the year, the channel business focused on benchmarking and marketing, and customized differentiated operation plans for various business formats such as member supermarkets, snack sales, convenience store chains, and e-commerce platforms. In terms of offline channels, member stores and convenience store chains are the core positions to achieve efficient output through a progressive approach from benchmarking and standardized execution to scenario-based marketing, and continue to deepen channel cooperation with Sam and Fat Donglai; at the same time, it is actively expanding the coverage of terminals, and has already exceeded 50,000 sales points nationwide. In terms of online channels, Douyin is used as the core position to build a closed loop from content cultivation to global transformation; platform e-commerce undertakes spillover traffic, fresh retail volume is steady, and multi-line collaboration promotes continuous improvement in global conversion efficiency. The China Insurance series became a major channel product, covering all online and offline channels. Sales exceeded RMB 50 million during the period, and the sales growth trend was strong. At the same time, the Channel Division continues to strengthen talent introduction and incentive mechanisms, and organizational capabilities are steadily improving. The channel business achieved rapid growth in the first half of the year. The overall revenue growth rate of online+offline channels reached 80.4%, of which online channel revenue increased 37.4% and offline channel revenue increased 207.2%.

While deepening its core business, the group is steadily advancing the layout of the innovation sector using redeployment and overseas as long-term growth reserves. The remodulation business relies on the joint venture Sichuan Zhou Heiya Food Technology Co., Ltd., and uses “Zhou Heiya flavor” as the core taste asset to promote the expansion of the brand into home cooking and convenient fast food scenarios. During the reporting period, the product matrix covered categories such as halogen packs, hot pot base, flavored noodle sauce, turkey noodles, etc., and was simultaneously connected to e-commerce and overseas channels, and the business progressed steadily. In terms of overseas business, channel trade exports are verified in parallel with the first-store model. During the reporting period, the products have entered many overseas markets, with the European and American regions as the key development direction; the first store in Malaysia continued to refine its localized operation model and accumulated experience for subsequent expansion.

Looking ahead to the second half of 2026, the structural transformation of the industry will continue. Based on the results of the first half of the year, the group will focus on three major directions: the first is to promote the upgrading of the growth model, continuously improve channel coverage and depth of penetration, and push the channel business towards higher quality large-scale growth. The second is to strengthen brand and product competitiveness, continuously improve the product matrix, accelerate the implementation of innovative products; comprehensively upgrade the brand's visual and communication system, and deepen the mental penetration of young consumers. The third is to consolidate the operating chassis, deepen the improvement of the operation of existing stores and increase the profitability of individual stores, promote cost reduction and efficiency and flexible supply capacity building, and improve the efficiency of the entire chain of operations. The Group will always focus on product quality, consumer experience and operating efficiency to respond to investors' long-term trust with solid performance growth and sustainable shareholder returns.