Movement Alert|CHINA RES MIXC Rises 3.41% in Regular Trading, Interim Results Beat Expectations with Full Payout Policy

Market Focus
Aug 31

On August 31, CHINA RES MIXC rose 3.41% in regular trading, trading at HKD 40.76/share, with turnover of HKD 35.25 million. The rally was driven by the release of the company's interim results, which exceeded market expectations, along with a continued full dividend payout policy.

For the six months ended June 30, CHINA RES MIXC reported revenue of RMB 9.217 billion, up 8.1% year-over-year. Gross profit reached RMB 3.507 billion, with the gross margin improving from 37.1% to 38.0%. Core net profit attributable to shareholders came in at RMB 2.229 billion, representing a 10.8% year-over-year increase. Net cash from operating activities was RMB 1.522 billion. Total membership exceeded 93.3 million, with cross-format loyalty redemptions growing 26.9%.

Notably, the company declared an interim dividend of RMB 0.586 per share and a special interim dividend of RMB 0.391 per share, achieving 100% core net profit distribution and extending its full payout policy for the third consecutive year. Prior to the results, Morgan Stanley had maintained an Overweight rating with a target price of HKD 55.47, citing attractive valuations and resilient same-store sales growth.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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