DPC Dash Ltd (stock code: 01405) has unveiled its interim results for the first half of 2026, showcasing robust revenue growth. During the reporting period, the company's total income surged by 20.8% year-on-year to RMB 3.134 billion, marking several consecutive years of double-digit expansion.

Profitability metrics continued to strengthen in absolute terms. Adjusted EBITDA for the period reached RMB 351 million, up 8.6% year-on-year, while adjusted net profit climbed 7.4% to RMB 98.15 million. Store-level EBITDA rose 8.3% to RMB 544 million, and the company's net profit grew 22.9% to RMB 81.05 million, translating to a net profit margin of 2.6%.

Operational efficiency at the group level also saw improvement, with total expenses as a percentage of revenue declining to 7.5%, a 0.6 percentage point reduction year-on-year. This highlights the growing management leverage benefits derived from economies of scale.

On the business front, DPC Dash continues to advance its nationwide expansion strategy, with new markets unleashing considerable growth potential and the supply chain infrastructure being further consolidated. As of June 30, 2026, the company operated 1,550 stores across 75 cities in mainland China. In the first half alone, it recorded a net addition of 235 new stores and entered 15 new cities. By August 14, 96% of the annual store opening target had already been secured.

Transaction volumes soared 33.7% year-on-year in the first half, with same-store transaction growth (SSTG) reaching 7.1%. Notably, SSTG has remained positive for 22 consecutive quarters.

Between the end of 2025 and the first half of 2026, DPC Dash entered a total of 27 new cities. As of June 30, 2026, it had cumulatively opened 93 stores in these cities, achieving an impressive average daily sales per store of RMB 28,230. The weighted payback period for these investments is estimated at just 14.8 months.

Consumer enthusiasm in new markets continues to escalate. The inaugural store in Harbin broke the global Domino's system record for single-store daily sales, generating over RMB 700,000 in revenue on its opening day.

Brand membership continues to expand significantly, with cumulative membership reaching 41.9 million as of the end of June, up 39.2% year-on-year. Approximately 18.1 million new users completed their first order in the past 12 months.

Delivery sales surged 44.7% year-on-year in the first half of 2026, now accounting for 51.7% of total revenue. Notably, delivery sales contribution from new city markets also rose to 25%.

Looking ahead, with the launch of the Wuhan supply chain center and the scheduled commissioning of the Chengdu and Nanjing supply chain centers, coupled with ongoing optimization of self-operated channels and continued innovation in products and IP collaborations, the company is well-positioned to further capitalize on its scale and supply chain advantages. This strategic focus aims to seize opportunities in the expanding domestic pizza market and drive sustained improvements in operational quality.