Bestore swings to profit as turnaround takes hold, but big shareholders keep selling
First-half profit confirms turnaround Bestore reported a first-half net profit of 16.19 million yuan, reversing a loss, with revenue up 11.18% to 3.145 billion yuan. The company says product mix, channel efficiency and supply-chain upgrades are working. This is the clearest sign yet that the business is recovering, which supports the share price.
It is the period's biggest positive fundamental event and directly answers what is driving the stock.
Early profit forecast set the stage In mid-July, Bestore guided that it would swing to a first-half profit of 16–24 million yuan, versus a loss a year earlier, thanks to higher revenue and gross margin. The forecast primed investors for the recovery that the later results confirmed.
It is the first concrete signal of the profit turnaround and explains the positive shift in sentiment.
Major shareholders keep selling Two large shareholders cut their stakes in July: Dayong Limited sold 8.73 million shares, and Davy Limited sold 11.94 million shares for 103 million yuan. Continued selling by big owners can pressure the share price and makes some investors question their confidence in the company.
It is the main negative force this period and a real counterweight to the improving earnings.
Weak cash returns and slow new-store rollout Bestore said interest income fell 80% because deposit rates dropped, and its 934 million yuan of wealth-management products produced no disposal gains. Its new Fresh Life supermarket format still has only one pilot store. Both point to weak cash returns and slow expansion beyond the core snack business.
It highlights financial and growth weaknesses that could limit the recovery story.