FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 廣州遇見小麵餐飲股份有限公司 - H股 FF305 確認 呈交日期： 2026年3月31日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 H | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 02408 | 說明 | | | | | | A. 已發行股份或庫存股份變動 | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | | | | 每股發行/出售價 (註4) | 已發行股份總數 | | | | 已發行 ...

FF305 公司名稱： 廣州遇見小麵餐飲股份有限公司 - H股 呈交日期： 2026年3月30日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 H | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 02408 | 說明 | | | | | | A. 已發行股份或庫存股份變動 | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | | 佔有關事件前的現有已發 | | 每股發行/出售價 (註4) | 已發行股份總數 | | | | 已發行股份（不包括庫存股份）數 目 | 行股份（不包括庫存股 份）數目百分比 (註3) | 庫存股份數目 | | | | 於下列日 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Insights - The company reported a strong performance for the year 2025, with total revenue reaching 1.622 billion yuan, a year-on-year increase of 40.53%. The net profit attributable to shareholders was 106.12 million yuan, up 74.83% year-on-year, indicating robust growth that aligns with expectations [7] - The company has successfully opened new stores primarily through direct management, with a total of 503 stores by the end of 2025, reflecting a net increase of 143 stores. Same-store sales growth turned positive at 1% for 2025, compared to a decline of 4% in 2024 [7] - The company is expanding its presence both domestically and internationally, with a focus on community and lower-tier cities, which has led to improved profit margins due to lower rental and labor costs [7] - The financial forecasts for the company have been slightly adjusted, with net profit projections for 2026 and 2027 set at 245.06 million yuan and 386.44 million yuan, respectively, reflecting year-on-year growth of 131% and 58% [7] Financial Summary - Total revenue is projected to grow from 1.622 billion yuan in 2025 to 4.008 billion yuan by 2028, with a compound annual growth rate (CAGR) of approximately 33.60% [1][8] - The net profit attributable to shareholders is expected to increase from 106.12 million yuan in 2025 to 596.87 million yuan in 2028, with a CAGR of approximately 54.45% [1][8] - The earnings per share (EPS) is forecasted to rise from 0.15 yuan in 2026 to 0.84 yuan in 2028, indicating a strong upward trend in profitability [1][8]

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Insights - The company reported a strong performance for the year 2025, with total revenue reaching 1.622 billion yuan, a year-on-year increase of 40.53%. The net profit attributable to the parent company was 106.12 million yuan, up 74.83% year-on-year, indicating robust growth that met expectations [7] - The company opened 143 new stores, bringing the total to 503 by the end of 2025, with same-store sales returning to positive growth at 1% after a decline of 4% in 2024. The average daily orders per store increased by 10% to 432 [7] - The company is focusing on direct-operated stores, with a significant expansion into lower-tier cities, which has led to improved profit margins due to lower rental and labor costs. The profitability of overseas stores, particularly in Hong Kong and Singapore, is also contributing positively to overall performance [7] - The financial forecasts for the company have been slightly adjusted, with net profit projections for 2026 and 2027 set at 245.06 million yuan and 386.44 million yuan, respectively, reflecting year-on-year growth of 131% and 58% [7] Financial Summary - Total revenue projections for the company are as follows: 1.622 billion yuan in 2025, 2.249 billion yuan in 2026, 3.000 billion yuan in 2027, and 4.008 billion yuan in 2028, with corresponding year-on-year growth rates of 40.53%, 38.61%, 33.39%, and 33.60% [1][8] - The net profit attributable to the parent company is projected to reach 106.12 million yuan in 2025, 245.06 million yuan in 2026, 386.44 million yuan in 2027, and 596.87 million yuan in 2028, with year-on-year growth rates of 74.83%, 130.92%, 57.69%, and 54.45% [1][8] - The earnings per share (EPS) are forecasted to be 0.15 yuan in 2026, 0.34 yuan in 2027, 0.54 yuan in 2028, and 0.84 yuan in 2029, with a corresponding price-to-earnings (P/E) ratio decreasing from 29.45 in 2026 to 5.24 in 2028 [1][8]

EF001 免責聲明 | 公告全部或任何部份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。 | 香港交易及結算所有限公司及香港聯合交易所有限公司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 | | | --- | --- | --- | | | 股票發行人現金股息公告 | | | 發行人名稱 | 廣州遇見小麵餐飲股份有限公司 | | | 股份代號 | 02408 | | | 多櫃檯股份代號及貨幣 | 不適用 | | | 相關股份代號及名稱 | 不適用 | | | 公告標題 | 截至2025年12月31日止年度之末期股息 | | | 公告日期 | 2026年3月27日 | | | 公告狀態 | 新公告 | | | 股息信息 | | | | 股息類型 | 末期 | | | 股息性質 | 普通股息 | | | 財政年末 | 2025年12月31日 | | | 宣派股息的報告期末 | 2025年12月31日 | | | 宣派股息 | 每 股 0.03 RMB | | | 股東批准日期 | 2026年6月25日 | | | 香港過戶登記處相關信息 | | | | 派息金額及 ...

Financial Performance - The company reported a revenue of RMB 1,622.4 million for the year ended December 31, 2025, representing a 40.5% increase from RMB 1,154.4 million in 2024[5]. - Net profit attributable to equity shareholders increased by 74.8% to RMB 106.1 million in 2025, up from RMB 60.7 million in 2024[5]. - Adjusted net profit (non-IFRS measure) rose by 111.9% to RMB 135.4 million in 2025, compared to RMB 63.9 million in 2024[5]. - Same-store sales growth was recorded at 1.0% for the year ended December 31, 2025, compared to a decline of 4.2% in 2024[6]. - The total gross merchandise volume reached RMB 1,811.8 million in 2025, up from RMB 1,348.4 million in 2024, marking a significant growth[6]. - Revenue from direct-operated restaurants rose by 44.9% to RMB 1,450.2 million in 2025, accounting for 89.4% of total revenue[22]. - Revenue from franchising management increased by 12.3% to RMB 171.3 million, but its share of total revenue decreased from 13.2% in 2024 to 10.5% in 2025[22]. - Dine-in service revenue increased to RMB 1,073,000,000 in 2025, up 30.8% from RMB 820,301,000 in 2024[86]. - Takeaway business revenue rose significantly to RMB 377,209,000, representing a 108.5% increase from RMB 180,709,000 in 2024[86]. - Basic earnings per share rose to RMB 17.41, compared to RMB 10.11 in 2024, reflecting the company's strong financial performance[77]. Restaurant Expansion - The number of restaurants increased to 503 in 2025 from 360 in 2024, with 156 new openings during the year[11]. - The restaurant network expansion included 411 directly operated restaurants and 92 franchised restaurants as of December 31, 2025[13]. - The number of restaurants increased from 360 in 2024 to 503 in 2025, representing a growth of 39.7%[14]. - The company plans to open 150 to 180 new restaurants in 2026, with 20 already opened and 76 in preparation as of February 28, 2026[19]. Operational Efficiency - The adjusted net profit margin improved to 8.3% in 2025, up from 5.5% in 2024, reflecting enhanced operational efficiency[5]. - Average order value decreased for both direct-operated and franchised restaurants, with direct-operated restaurants dropping from RMB 32.1 in 2024 to RMB 29.9 in 2025[14]. - Same-store sales for direct-operated restaurants increased by 1.0% to RMB 745.6 million in 2025, while franchised restaurants saw a 1.1% increase to RMB 212.1 million[18]. Expenses and Costs - Material and consumables used increased by 32.8% to RMB 525.7 million, but its proportion of revenue decreased from 34.3% to 32.4%[23]. - Employee costs rose by 34.3% to RMB 356.0 million, with the proportion of revenue decreasing from 23.0% to 21.9%[24]. - Rent expenses increased by 30.7% to RMB 275.1 million, while its proportion of revenue decreased from 18.2% to 17.0%[26]. - Utility expenses rose by 47.9% from RMB 44.5 million in 2024 to RMB 65.9 million in 2025, with the proportion of utility expenses to revenue slightly increasing from 3.9% to 4.1%[28]. - Advertising and promotion expenses increased by 43.8% from RMB 13.3 million in 2024 to RMB 19.2 million in 2025, maintaining a consistent proportion of 1.2% of revenue for both years[30]. - Other expenses surged by 53.4% from RMB 88.7 million in 2024 to RMB 136.1 million in 2025, primarily due to growth in the takeaway business[32]. Assets and Liabilities - Total assets increased from RMB 1,161.1 million as of December 31, 2024, to RMB 2,083.1 million as of December 31, 2025, while total liabilities rose from RMB 1,043.4 million to RMB 1,261.3 million[51]. - Cash and cash equivalents surged by 1,503.6% from RMB 42.2 million as of December 31, 2024, to RMB 676.5 million as of December 31, 2025, primarily due to proceeds from a global offering[49]. - Trade and other payables rose by 45.7% from RMB 110.4 million as of December 31, 2024, to RMB 160.8 million as of December 31, 2025, mainly due to increased procurement of raw materials driven by restaurant network expansion[50]. - The capital debt ratio decreased from 42.5% as of December 31, 2024, to 0% as of December 31, 2025, as all bank loans were repaid[52]. - The asset-liability ratio improved from 89.9% as of December 31, 2024, to 60.5% as of December 31, 2025, indicating a stronger financial position[51]. Shareholder Returns - The company plans to distribute a final dividend of RMB 0.03 per H share, subject to shareholder approval[10]. - The proposed final dividend per ordinary share is RMB 0.03 for the year ended December 31, 2025, compared to RMB 0.02 for the previous year[64]. - The company declared an interim dividend of RMB 0.06 per share for 2025, totaling RMB 34,365,000, compared to no interim dividend in 2024[104]. Future Plans and Investments - 60% of the net proceeds from the global offering, approximately HKD 370.2 million, is allocated for expanding the restaurant network and deepening market penetration by the end of 2028[74]. - 10% of the net proceeds, approximately HKD 61.7 million, is designated for upgrading the company's information technology capabilities by the end of 2028[74]. - 6% of the net proceeds, approximately HKD 37.0 million, will be used to adopt AI technology, IoT systems, and big data analytics to support operational growth by the end of 2028[74]. - 2% of the net proceeds, approximately HKD 12.3 million, is allocated for upgrading the technology infrastructure to achieve further operational digitization and automation by the end of 2028[74]. - The company plans to enhance brand building and customer loyalty with 10% of the net proceeds, approximately HKD 61.7 million, by the end of 2028[74]. Corporate Governance - The company has maintained compliance with corporate governance codes, ensuring high standards of ethics and transparency in operations[110]. - All directors confirmed strict compliance with the standard code of conduct for securities trading for the year ending December 31, 2025[112]. - The audit committee, composed of three independent non-executive directors, has reviewed the audited consolidated financial statements for the year ending December 31, 2025, ensuring they reflect the group's financial position and performance accurately[113]. - The auditor, KPMG, confirmed that the financial data disclosed in the preliminary announcement is consistent with the audited consolidated financial statements for the year ending December 31, 2025[114].

Group 1 - The core viewpoint of the report highlights significant growth in core net profit for 2025, driven by high-end product offerings and export expansion for Geely Automobile [4][5] - Geely's total delivery volume reached 3.025 million units in 2025, a year-on-year increase of 39.0%, with total revenue of 345.23 billion yuan, up 25.1% [4] - The company expects to launch multiple new models in 2026, including the Zeekr 8X, which has shown strong pre-sale performance [5][6] Group 2 - The report indicates a substantial increase in overseas sales for Geely, with exports reaching 121,000 units in January-February 2026, a year-on-year increase of 129.4% [6] - Geely aims to expand its overseas channels to over 2,000 and has set an annual export target of 640,000 units for 2026 [6] - The company is advancing its AI strategy, integrating AI technology into core automotive functions, and has announced a partnership with NVIDIA to enhance AI capabilities [6] Group 3 - The report projects Geely's revenue to grow to 421.8 billion yuan in 2026, with net profit expected to reach 215 billion yuan, reflecting a growth rate of 27% [7] - The company's earnings per share (EPS) is forecasted to be 1.98 yuan in 2026, with a price-to-earnings (PE) ratio of 8.2 times [7] - The report maintains a "buy" rating for Geely, citing the company's strong growth potential driven by new energy products and high-end brand sales [7] Group 4 - The report on Blukoo indicates a significant increase in revenue, reaching 2.913 billion yuan in 2025, a year-on-year growth of 30.0% [8][9] - The adjusted net profit for Blukoo was 675 million yuan, up 15.5% from the previous year, despite a decline in gross margin due to rising costs [8] - The company has seen a notable increase in adult-targeted products, with a significant rise in the number of SKUs aimed at consumers aged 16 and above [10] Group 5 - The report on Xiechuang Data shows a remarkable revenue growth of 93.77% year-on-year in Q4 2025, reaching 3.905 billion yuan [13] - The net profit for the same quarter was 466 million yuan, reflecting a year-on-year increase of 246.15% [13] - The company has diversified its revenue streams, with intelligent computing products becoming a significant contributor to overall income [13] Group 6 - The report on SF Holding indicates a 9.44% year-on-year increase in business volume for January-February 2026, with revenue from express logistics reaching 36.817 billion yuan [18] - The average revenue per package has slightly decreased by 0.79%, but the company expects stabilization in pricing as it adjusts its market strategy [18] - The long-term outlook for SF Holding remains positive, with expectations for growth in international business and supply chain services [19] Group 7 - Tencent Music's revenue for 2025 was 32.9 billion yuan, a year-on-year increase of 15.8%, with net profit rising by 66.4% to 11.06 billion yuan [22][24] - The company has seen strong growth in its online music subscription business, with a notable increase in both user payment rates and average revenue per paying user (ARPPU) [26] - The report highlights the potential for AI to enhance music creation and consumption, driving further growth in the industry [28] Group 8 - The report on the electric power ETF indicates a significant opportunity for asset revaluation in the power sector, driven by the increasing demand for electricity from data centers [30][31] - The report emphasizes the importance of the new pricing mechanisms for electricity generation, which are expected to enhance the profitability of power assets [32] - The electric power sector is positioned as a defensive investment, with strong cash flow and dividend capabilities, making it attractive for long-term investors [34]

香港交易及結算所有限公司及香港聯合交易所有限公司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份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 廣州遇見小麵餐飲股份有限公司（「本公司」，連同其子公司統稱為「本集團」）董事 會（「董事會」）茲通告謹定於2026年3月27日（星期五）舉行董事會會議，藉以（其 中包括）考慮及通過本集團截至2025年12月31日止的年度全年業績及其發佈，以 及宣派末期股息（如有）。 承董事會命 廣州遇見小麵餐飲股份有限公司 董事長、執行董事兼首席執行官 宋奇 Guangzhou Xiao Noodles Catering Management Co., Ltd. 廣州遇見小麵餐飲股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2408） 董事會會議召開日期 中華人民共和國，廣州，2026年3月17日 於本公告日期，本公司董事會包括：(i)執行董事宋奇先生、蘇旭翔先生及羅燕靈 女士；(ii)非執行董事王小龍先生；及(iii)獨立非執行董事徐雷先生、陳國彬先生 及鍾杰生先生。 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年2月28日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 廣州遇見小麵餐飲股份有限公司 呈交日期: 2026年3月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02408 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 710,689,300 | RMB | | 0.02 RMB | | | 14,213,786 | | 增加 / 減少 (-) | | | 0 | | | RMB | | | | | 本月底結存 | | | 710,689,300 | RMB | | 0.02 RMB | | | 14,213,786 | 本月底法定/註冊股本 ...

Core Insights - The report highlights the anticipated upward trend in convertible bonds following the Spring Festival, with a significant probability of price increases due to favorable market conditions and investor sentiment [9][10]. - The insurance industry is expected to see an increase in equity investments, with the proportion of equity assets reaching a four-year high, indicating a shift towards riskier assets amid a stable regulatory environment [12][13]. - The company "遇见小面" (Meet Noodle) is positioned as a leader in the standardized operation of Chinese noodle restaurants, with ambitious expansion plans and a projected revenue growth of 44.2% in 2024 [14][15]. Market Overview - The report provides a snapshot of major market indices, showing a mixed performance across different regions, with the Shanghai Composite Index closing at 4117.40 points, up by 0.86% [2]. - The fixed income market is experiencing a stable environment, with the 10-year government bond yield at 1.79%, reflecting a slight decrease, indicating a favorable climate for bond investments [8]. Company and Industry Analysis - "遇见小面" aims to expand its store count to 503 by 2025, representing a 39.7% increase, with a focus on both direct and franchise models [14][15]. - The Chinese noodle restaurant market is projected to grow to 326 billion yuan by 2025, with a compound annual growth rate (CAGR) of approximately 11.0%, highlighting the sector's growth potential [15]. - The insurance sector's total investment income is expected to improve, driven by a higher allocation to equity assets, with the overall investment return rate anticipated to remain favorable [12][13]. Investment Strategy - The report suggests that investors should focus on sectors such as battery production and semiconductor equipment, which are expected to benefit from increased production and demand in the coming months [9]. - The company "遇见小面" is projected to achieve adjusted net profits of approximately 1.25 to 1.4 billion yuan in 2025, reflecting a significant increase compared to previous years [14][15].