Apr 08, 2021 12:25 PM (GMT+8) · EqualOcean
Anxin International released a research report to maintain the "buy" rating of Zhou black duck, with a target price of HK $10. By the end of the 20th century, 598 stores had entered more than 40 cities, the report said. Much higher than planned at the beginning of the year. There are three types of franchised stores: developmental franchising, single store franchising and employee creation. The company aims to achieve an annual revenue of 1 million franchise stores, which was achieved by October last year. From the company level, the reasonable profit margin of franchised stores is 20-30%, which is higher than that of self operated stores. In the future, the company hopes to expand the number of stores to 4000-5000 (self operated + franchised) within three years. This year, it plans to open 800-1000 franchised stores. It still gives priority to the layout of high potential energy stores and conducts preliminary exploration of community stores.