Core Viewpoint - "Mingming Hen Mang," China's largest leisure food and beverage retail chain, officially listed on the Hong Kong Stock Exchange, with a significant market valuation reflecting strong market expectations for its growth potential [2] Group 1: Company Overview - "Mingming Hen Mang" has expanded from a regional brand in Hunan to a national leader in the retail sector, utilizing a dual-brand synergy model to build its retail empire [3] - The company has achieved rapid growth, with a projected increase in store count from 6,585 in December 2023 to 19,517 by September 30, 2025, marking nearly a threefold expansion [4] - The merger of "Mingming Hen Mang" and "Zhao Yiming Snacks" has created a complementary national layout, enhancing market coverage and operational efficiency [4][5] Group 2: Business Model and Market Position - The rise of "Mingming Hen Mang" is attributed to a shift in the Chinese leisure food retail industry, moving away from traditional supermarket reliance to a more efficient, direct-to-consumer model [6] - The company has established a competitive edge through a supply chain policy that reduces intermediaries, allowing for lower prices—approximately 25% cheaper than similar products in supermarkets [7] - "Mingming Hen Mang" has a diverse product offering with over 1,800 SKUs per store, significantly higher than the average for similar-sized supermarkets, and 34% of its products are custom-made in collaboration with manufacturers [7] Group 3: Industry Trends and Challenges - The leisure food retail sector is undergoing transformation, with a growing demand for high-quality, affordable products, particularly in lower-tier markets [8] - Despite its advantages, "Mingming Hen Mang" faces challenges such as low profit margins, competition, and the need to adapt to changing consumer preferences towards healthier options [10] - The listing on the Hong Kong Stock Exchange marks a significant milestone, but the company must balance growth with profitability and operational control to sustain its market position [11]

根据弗若斯特沙利文报告，按2024年休闲食品饮料产品GMV计，鸣鸣很忙是中国最大的连锁零售商； 按2024年食品饮料产品GMV计，亦是中国第四大连锁零售商，并保持高速增长。根据中国连锁经营协 会的资料，鸣鸣很忙位列2024年中国连锁前十位之一，也是其中增长最快的连锁商。截至2025年9月30 日，鸣鸣很忙门店网络由19,517家门店组成，其中约59%位于县城及乡镇，门店网络覆盖1,341个县。 中国零食商"零食很忙"和"赵一鸣零食"母企、被称为"量贩零食第一股"的鸣鸣很忙(1768.HK)今日首日 上市高开88.08%，报445港元，市值达952.75亿港元。 鸣鸣很忙此次IPO公开发售获1899.49倍认购，国际配售获44.44倍认购。 ...

Core Viewpoint - Mingming Hen Mang (01768) has successfully listed its shares, with an initial pricing of HKD 236.6 per share and a total issuance of 15.5112 million shares, raising approximately HKD 3.528 billion in net proceeds [1][4]. Group 1: Company Overview - Mingming Hen Mang is recognized as the largest chain retailer of snack foods and beverages in China, leading the bulk sales model in the food and beverage sector [1][4]. - The company operates two major brands: "Snacks Are Busy" and "Zhao Yiming Snacks" [1][4]. - The store network is strategically located in high-traffic, easily accessible street locations, aiming to provide a joyful and comfortable shopping experience [1][4]. Group 2: Financial Performance - As of November 30, 2025, the number of operational stores is projected to reach 21,041 nationwide [1][4]. - For the nine months ending September 30, 2025, the total retail sales (GMV) reached RMB 66.1 billion, reflecting a year-on-year growth of 74.5% [1][4]. - The company has served over 2.1 billion customers during the same period [1][4]. Group 3: Industry Position - According to the China Chain Store and Franchise Association, Mingming Hen Mang ranks among the top 10 in the Chinese retail chain industry for 2024 and is noted as one of the fastest-growing chain enterprises [1][4].

本文源自：金融界AI电报 新股鸣鸣很忙在港交所上市，开盘大涨88.08%，报445港元，当前总市值952.75亿港元。 ...

Core Viewpoint - The company "Ming Ming Hen Mang" has successfully listed on the Hong Kong Stock Exchange, experiencing a significant opening surge of 88.08%, with a current market capitalization of HKD 95.275 billion [1] Group 1: IPO Details - The global offering consisted of 14.101 million H-shares, with the public offering phase seeing a subscription rate exceeding 1500 times [1] - Eight cornerstone investors, including Tencent, Temasek, and BlackRock, collectively subscribed for HKD 1.5 billion [1] Group 2: Market Performance - In the dark market trading, the stock was actively traded, rising over 72% to HKD 408 [1] Group 3: Fundraising and Utilization - The company expects to net over HKD 3 billion from the IPO, with an estimated issuance market value of around HKD 50 billion [1] - The raised funds will primarily be used for product development and enhancing supply chain capabilities [1]

Core Viewpoint - Mingming is busy (01768) has successfully listed its shares at a price of HKD 236.6 per share, raising approximately HKD 3.528 billion in net proceeds, with a significant initial trading surge of 88.08% to HKD 445 per share [1] Company Overview - Mingming is the largest chain retailer of snack food and beverages in China and a leader in the food and beverage wholesale model [1] - The company operates two major brands: "Snacks are Busy" and "Zhao Yiming Snacks" [1] - The store network is strategically located in high-traffic, easily accessible street locations, aiming to provide a joyful and comfortable shopping experience [1] Financial Performance - As of November 30, 2025, the number of operational stores is projected to reach 21,041 nationwide [1] - For the nine months ending September 30, 2025, the national retail sales (GMV) reached RMB 66.1 billion, reflecting a year-on-year growth of 74.5% [1] - The company has served over 2.1 billion customers during the same period [1] Industry Position - According to the China Chain Store and Franchise Association, Mingming ranks among the top 10 in the Chinese chain industry for 2024 and is noted as one of the fastest-growing chain enterprises [1]

港股恒生指数开盘涨0.73%，报27325.89点，恒生科技指数涨0.56%，报5786.66点，国企指数涨0.63%， 报9302.93点，红筹指数涨0.26%，报4299.98点。 大型科技股中，阿里巴巴-W涨0.35%，腾讯控股涨0.99%，京东集团-SW涨1.5%，小米集团-W平收，网 易-S涨0.97%，美团-W涨0.47%，快手-W涨0.63%，哔哩哔哩-W涨0.52%。 电力设备股高开，哈尔滨电气涨超2%；创新药概念活跃，先声药业涨超5%；黄金股普涨，赤峰黄金涨 超4%。零食巨头鸣鸣很忙首日上市涨逾88%；紫金矿业涨逾2%，新东方跌逾3%。 【隔夜外盘】 美股三大指数涨跌不一，道指跌0.83%，纳指涨0.91%，标普500指数涨0.41%并创收盘新高。热门中概 股涨跌互现，纳斯达克中国金龙指数收涨0.48%。 "七巨头"中六家上涨，英伟达、苹果涨超1%，微软、亚马逊涨逾2%，仅特斯拉一家下跌。费城半导体 指数涨2.4%，也收于历史新高。30只成分股中27家收涨。 金价再度刷新历史新高。现货黄金收涨3.3%，报5180.2美元/盎司；现货白银收涨7.92%，报112.16美元/ 盎司。 【隔夜资讯 ...

每经AI快讯，1月28日，新股鸣鸣很忙在港交所上市，开盘大涨88.08%，报445港元，当前总市值952.75 亿港元。 ...

招股书显示，鸣鸣很忙是中国最大的休闲食品饮料连锁零售商，也是中国食品饮料量贩模式的领导者， 旗下现有"零食很忙"、"赵一鸣零食"两大品牌。 集团门店网络中的门店多位于人流量大、易见易达的 街边位置，致力于提供欢乐、舒适的逛店体验。集团提供品类丰富、高质价比、高频上新的产品。 截至2025年11月30日，鸣鸣很忙全国在营门店数达21041家。截至2025年9月30日止九个月，鸣鸣很忙全 国门店零售额(GMV)达661亿元人民币，同比增长74.5%，累计接待消费者超过21亿人次。据中国连锁 经营协会资料，鸣鸣很忙位于2024年中国连锁行业前10，也是其中增长最快的连锁企业。 智通财经APP获悉，鸣鸣很忙(01768)首挂上市，公告显示，每股定价236.6港元，共发行1551.12万股 份，每手100股，所得款项净额约35.28亿港元。截至发稿，涨88.08%，报445港元，成交额12.91亿港 元。 ...

香港交易及結算所有限公司、香港聯合交易所有限公司（「聯交所」）及香港中央結算有限公司 （「香港結算」）對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表 示，概不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何 責任。 除本公告另有界定者外，本公告所用詞彙與湖南鳴鳴很忙商業連鎖股份有限公司（「本公司」）所 刊發日期為2026年1月20日的招股章程（「招股章程」）所界定者具有相同涵義。 本公告僅供參考，並不構成收購、購買或認購證券的邀請或要約。潛在投資者於決定是否投資 於發售股份前，務請細閱招股章程中有關本公司及下文所述全球發售的詳細資料。 本公告不得直接或間接於美國或向美國（包括其領土及屬地、美國任何州及哥倫比亞特區）發 佈、刊發或派發。本公告並未構成或組成在美國或任何其他司法管轄區購買或認購證券的任何 要約或招攬的一部分。發售股份並無亦不會根據1933年美國證券法（經不時修訂）（「美國證券 法」）或美國任何州或其他司法管轄區證券法登記，且不得於美國境內提呈發售、出售、質押或 轉讓，惟獲豁免遵守美國證券法登記規定或不受其規限的交易中則另作別論。發售股份不會於 美國進 ...