Hong Kong · Delayed Price · Currency is HKD DPC Dash Earnings Call Transcripts
Fiscal Year 2025
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Revenue grew 24.8% to RMB 5.38 billion in 2025, driven by rapid expansion in non-Tier 1 cities and strong store openings. Profitability improved at the group level, with adjusted net profit up 43.3% and robust cash position maintained.
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Revenue grew 27% year-over-year to RMB 2.59 billion, with strong margin expansion and 190 net new stores added, driven by rapid growth in non-Tier 1 cities. Adjusted net profit rose 79.6%, and the company remains on track to open 300 new stores in 2025.
Fiscal Year 2024
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Revenue grew 41.4% to RMB 4.3 billion in 2024, with net profit turning positive and strong expansion into new cities. Store-level margins and adjusted EBITDA improved, while new growth markets drove 61.8% of total revenue. Plans for 300 new stores in 2025 remain on track.