Pot Circle (02517) achieved core operating profit of about 30 million yuan to 40 million yuan in the third quarter

According to the Zhitong Finance App, Guoquan (02517) announced that as of September 30, 2026, the total number of stores in the Group was 12,142, a net increase of 1,381 over the same period last year; of these, the total number of stores in the township market was 3,478, a net increase of 916 over the same period last year. At the same time, the Group continues to cultivate the intelligent operation of the number of members and build an online channel ecosystem. As of September 30, 2026, the number of registered members of the Group reached about 88.45 million, an increase of 54.9% over the previous year. In the third quarter of 2026, the GMV achieved by stores through their own online shopping mall channels (such as the Boquan App, WeChat Mini Program, etc.) increased by more than 50% over the previous year. The Group recorded revenue (unaudited or reviewed) of approximately RMB 1.9 billion (down about 3.3% from the same period last year) to RMB 2 billion (an increase of approximately 1.8% over the same period last year) in the third quarter of 2026; the Group recorded core operating profit (unaudited or reviewed) of approximately RMB 30 million to RMB 40 million in the third quarter of 2026.

The Group's core operating profit declined year-on-year, mainly due to the following phased factors: 1) High revenue base effect in the same period last year: the third quarter of 2025 benefited from platform traffic dividends, forming a high comparative base, putting pressure on the year-on-year performance in the current period. 2) Continue to increase investment in brand building and innovative businesses, cultivate young consumers, expand new consumption scenarios, and make proactive strategic investments around breaking the circle and broadening the long-term growth curve.

Looking forward to the future, the Group will continue to closely adhere to the “one family • three tables • five meals” full-scene dining concept, dig deeper into the needs of various household consumption scenarios, continue to develop and iterate diversified packages and product portfolios, steadily promote store restructuring, upgrading and refined operation, consolidate member ecosystem construction, and continuously improve store operation efficiency and market competitiveness; on this basis, the Group will continue to develop various innovative businesses to consolidate diversified growth engines.