Hongqi Chain expects net profit attributable to the parent company for the first half of 2026 to be between 266 million and 275 million yuan, a year-on-year decline of 2.06% to 5.27%, mainly due to higher income tax expenses, though net profit attributable to the parent after deducting non-recurring items achieved year-on-year growth. The number of its 24-hour cloud-attended stores has surpassed 1,000, while the company also announced the termination of its robot unmanned vending system research and development, which lasted over a year, as it has not yet met the standards for large-scale commercial deployment. In addition, the South Sichuan regional distribution center in Zigong officially began operations on July 3, becoming the company's third major logistics center, serving stores in Zigong, Neijiang, Leshan, Meishan, and Ziyang. The company recently completed a board reshuffle, with 39-year-old He Hailin elected as the new chairman, while founder Cao Shiru continues as general manager. Since the start of this year, Hongqi Chain's share price has fallen by 24%.
Chengdu Hongqi Chain Co LtdTerminates robot unmanned vending system R&D after over a year, failing to meet commercial deployment standards.