China Quanjude Group Co Ltd

Quanjude released its 2026 interim report, with net profit attributable to the parent company of 13.56 million yuan, up 9.48% from the same period last year. Total operating revenue was 614 million yuan, and net cash inflow from operating activities was 74.72 million yuan, up 65.79% year-on-year. The latest asset-liability ratio was 40.93%, gross margin was 16.71%, and ROE was 1.58%.

On July 24, the hotel and catering concept fell 3.11% during the session. Among related constituent stocks, Junting Hotel dropped 4.75%, Tongqinglou fell 3.47%, Xi'an Catering declined 3.28%, Quanjude slipped 3.16%, and BTG Hotels decreased 2.66%. A research report from Northeast Securities pointed out that the inflection point for hotel industry supply growth has emerged in 2026, with the supply-demand relationship shifting from imbalance to gradual improvement. In the first quarter of 2026, revenue per available room for major hotel groups turned positive year-on-year. The industry's competitive strategy has shifted from trading price for volume to balancing volume and price, with average daily rates recovering first and price wars significantly easing.

Quanjude issued an announcement forecasting net profit attributable to the parent for the first half of 2026 at 12.8 million yuan to 15.5 million yuan, an increase of 3.39% to 25.20% compared with the same period last year. Net profit after deducting non-recurring items is expected to be 7.1 million yuan to 9.2 million yuan, up 82.05% to 135.90% year-on-year. Basic earnings per share are projected at 0.04 yuan to 0.05 yuan per share, flat compared with 0.04 yuan per share in the prior-year period. The company said that despite slowing growth in the restaurant market, it achieved performance growth by optimizing its profit structure, advancing thematic upgrades for large-scale outlets, and implementing meticulous cost controls.

Quanjude held its 162nd anniversary celebration in Beijing on July 19. A plaque-honoring ceremony was conducted, led by Zhou Yanlong, Party Secretary, Director, and General Manager, with participation from over a hundred stores nationwide and overseas. Eight signature market bestsellers from its four time-honored brands were introduced, along with the new cultural and creative product 'Beautiful Duck' and its series, forming the 'Good Duck Good Workshop' cultural and creative scene matrix. Zhou Yanlong stated that over the past year, the group has explored a 'plus dining' development path, promoting the integration of dining with culture, commerce, tourism, sports, exhibitions, and agriculture. It has extended small and medium-sized stores into diverse consumption scenarios such as transportation hubs and exhibition venues. Going forward, it will advance a dual-engine strategy of 'dining plus food' and lay out an international track.