Guming’s recent annual performance report illustrates a remarkable growth trajectory for the company in 2025. With substantial increases in both revenue and profit, Guming strengthens its position as a leader in the beverage market.
Revenue and Profit Growth
On March 25th, Guming released its 2025 annual performance report, showing a steady increase in both revenue and profit.
The financial report indicates that in 2025, Guming achieved a total revenue of approximately 12.9 billion yuan, a year-on-year increase of 46.9%; the adjusted profit (measured by non-IFRS) was approximately 2.575 billion yuan, a year-on-year increase of 66.9%.
Store Expansion
As of the end of 2025, the number of Guming stores reached 13,554. In 2025, 4,292 new stores were opened, resulting in a net increase of 3,640 stores. The store network covers more than 200 cities across the country, with 82% in second-tier and lower-tier cities. Notably, the proportion of township stores increased to 44%, further solidifying its dominance in the low-tier markets and identifying Guming as the leader in the “sinking market.”
Enhanced Operation Efficiency
Alongside expanding its store presence, Guming has significantly improved its operational efficiency. During the reporting period, the total Gross Merchandise Volume (GMV) of Guming stores reached 32.732 billion yuan, a year-on-year increase of 46.1%. The average daily GMV per store reached approximately 7,800 yuan.
Supply Chain Capabilities
In terms of supply chain efficiency, Guming operated 24 warehouses by the end of 2025, with a total construction area of around 258,000 square meters. The cold storage capacity exceeded 70,000 cubic meters, accommodating various temperature needs. Approximately 75% of Guming stores are situated within 150 kilometers of the warehouses, enabling cold chain distribution services to reach about 98% of the stores every two days as required.
This robust cold chain warehousing and logistics network allows Guming to implement refined management standards across supply procurement, raw material processing, warehousing, and transportation to stores. By employing a regional densification strategy, Guming continually delivers the freshest raw materials to its extensive store network cost-effectively.
Cost Efficiency and Product Development
In 2025, Guming’s distribution cost from the warehouse to the store was less than 1% of the total GMV. While enhancing supply chain efficiency, Guming also increased its investment in product research and development. Over the past year, Guming introduced a total of 106 new products, achieving notable advancements in the coffee category. By year-end, over 12,000 Guming stores were equipped with coffee machines, resulting in the launch of 27 new coffee beverages throughout the year.
Consumer Engagement
The quality of Guming’s products and services resonates with consumers. The financial report reveals that Guming sold over 1.9 billion cups of drinks in 2025, with approximately 206 million registered members on its mini-program and around 52 million active members each quarter.
Market Position and Future Outlook
As Guming enters 2026, its impressive market growth has attracted favorable ratings from several institutions, including Goldman Sachs and BofA Securities, both of which have assigned a “buy” rating. BofA Securities highlights Guming’s potential to gain market share and outperform its competitors in growth.
Key Takeaways
- Guming reported a 46.9% increase in revenue, reaching 12.9 billion yuan in 2025.
- The number of Guming stores grew to 13,554, with a net addition of 3,640 stores.
- Daily GMV per store averaged around 7,800 yuan, marking a 46.1% year-on-year increase.
- Guming’s cold storage capacity surpassed 70,000 cubic meters, ensure efficient distribution.
- 106 new products were launched in 2025, including 27 new coffee beverages.
- Over 1.9 billion cups of drinks were sold throughout the year, with a growing member base.
FAQ
What is Guming’s total revenue for 2025?
Guming’s total revenue for 2025 was approximately 12.9 billion yuan.
How many new stores did Guming open in 2025?
Guming opened 4,292 new stores in 2025.
What improvements were made in Guming’s supply chain?
Guming enhanced its supply chain with 24 warehouses and a cold storage capacity exceeding 70,000 cubic meters.
How many new coffee beverages did Guming introduce?
Guming launched 27 new coffee beverages in 2025.
What was Guming’s distribution cost in 2025?
Guming’s distribution cost from warehouse to store was less than 1% of the total GMV.
In summary, Guming’s performance in 2025 demonstrates impressive growth and strategic advancements. As it continues to expand and refine its operations, Guming remains a formidable player in the beverage industry.
