Let’s take a closer In terms of store network, at the end of 2023, in the mass freshly brew tea shop market, Gu Ming’s

market share in secondtier and lower cities was guadeloupe email list 100000 contact leads approximately 22%. In addition, as of the end of 2023,

the proportion of Gu Ming’s stores locat in townships reach 38%, while the proportion of stores of the

other top five popular freshly brew tea shop brands in townships was generally less than 25%. As of

the end of the third quarter of 2024, the proportion of Gu Ming’s township stores further increas to 40%.

This means that in the sinking market, Gu Ming has a leading advantage with a higher average order value, which shows that the company can deeply stimulate the potential consumer demand in the target market.

At the same time

Gu Ming has a powerful warehousing and logistics supply chain system. On the one hand, as of

September 30, 2024, the company has successfully operat 22 modern warehouses. Bas on its leading

overall scale and cold storage configurations, Gu how to choose low-cost Ming can ensure that frontend stores produce highquality beverages to fully meet consumer purchasing nes.

On the other hand, about 76% of Gu Ming’s stores are locat within 150 kilometers of the warehouse.

The efficient logistics and distribution network is its differentiat competitive advantage, which can

deliver fresh raw materials to major stores in a timely and accurate manner, ensuring the freshness

and quality consistency of store products.

As the company continues to translate its strategic investments into results

Its core competitiveness has been significantly enhanc. As a result, Gu Ming can continue to expand its

brand competitiveness in the competition, release economies of scale, achieve better cost control and

improve profitability, and continue to consolidate calling list its leading position in the future.

In terms of cash flow, as of September 30, 2024, operating cash flow reach 1.13 billion yuan, and the cash, bank balances and wealth management product balances on the account total 3.32 billion yuan. Therefore, Gu Ming’s operations and finances are very healthy. In the long run, the company has more strategic options and the ability to respond to market changes. As an investor, we can undoubtly have higher expectations for Gu Ming’s performance after its listing Let’s take a closer.