JIANGSU HORIZON (02625.HK): Interim Revenue up 4.7% to RMB 807.8 Million, Profit up 64.6%

NewTimeSpace News: On 21 September 2026, Jiangsu Horizon Chain Supermarket Co., Ltd. (stock code: 02625) published its 2026 interim report. For the six months ended 30 June 2026, the Company recorded revenue of RMB 807.8 million, up 4.7% from RMB 771.3 million in the corresponding period of 2025; gross profit was RMB 128.4 million, down 7.5% year on year, with a gross profit margin of 15.9%, down 2.1 percentage points.

Revenue growth was mainly driven by the wholesale business. Revenue from that segment increased 24.5% from approximately RMB 441.1 million for the six months ended 30 June 2025 to approximately RMB 548.9 million, mainly because the Group actively expanded its wholesale channels and customer base, introducing a number of new distributors and recording higher order volumes. Over the same period, general sales revenue from retail operations decreased 19.5% from approximately RMB 261.6 million to approximately RMB 210.7 million, mainly due to a tightening macroeconomic consumer environment; revenue from the supply and sale of meals decreased 48.0% to approximately RMB 7.2 million, mainly because certain meal supply contracts were not renewed upon expiry.

Profit for the period was RMB 22,251,000, up 64.6% from RMB 13,516,000 for the corresponding period of 2025, of which RMB 21,709,000 was attributable to equity shareholders of the Company. Basic and diluted earnings per share were RMB 9.21 cents, against RMB 6.67 cents a year earlier. The increase in profit was mainly attributable to the absence in the reporting period of listing expenses of approximately RMB 12.6 million incurred in the comparative period, and to impairment losses on trade and other receivables reversing from a provision of RMB 2.9 million to a reversal of RMB 6.4 million.

As at 30 June 2026, the Company's shareholders' equity increased from RMB 739.5 million as at 31 December 2025 to RMB 758.0 million, mainly due to the profit for the reporting period. The Board recommends no payment of an interim dividend for the six months ended 30 June 2026.

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