5月16日，有着"初代网红"餐厅之称的绿茶集团终于圆了上市梦。 当天，绿茶集团正式登陆港股市场，但其上市表现却并不佳，直接破发。 截至收盘，绿茶集团股价下跌12.52%。 | | 06831 绿茶集团 | | | 6.290 | -0.900 -12.52% | | --- | --- | --- | --- | --- | --- | | 已收市 | | | | | ● 自选 + ▼ | | 卖十 | 6.390 | 400 | 行情分析 | | 资金流向 | | 卖九 | 6.380 | 2400 | 最新CNY | | 5.796 | | 卖八 | 6.370 | - | 最新 | 6.290 均价 | 6.847 | | 卖七 | 6.360 | | 涨跌 | -0.900 4- | 7.190 | | 卖六 | 6.350 | 2400 | 涨幅 | -12.52% 最高 | 7.200 | | 交五 | 6.340 | 1200 | 换手 | 13.19% 最低 | 6.290 | | 交四 | 6.330 | 6400 | 总量 | 8880万 全额 | 6.0817. | | 英三 | 6.3 ...

Core Viewpoint - Green Tea Group officially listed on the Hong Kong Stock Exchange on May 16, 2024, after four years and five attempts, with an initial share price of HKD 7.19, closing at HKD 6.29 on the first day, a decline of 12.52% and a market capitalization of HKD 4.236 billion [1][4]. Company Overview - Green Tea Group originated from a youth hostel in Hangzhou, where the founders developed fusion dishes that became popular among travelers. The first Green Tea restaurant opened in 2008, focusing on high-value Chinese fusion cuisine [4]. - The company has faced challenges in its IPO journey, submitting its application in March 2021 and experiencing multiple re-submissions and hearing approvals before finally listing [4]. Financial Performance - For the fiscal year 2024, Green Tea reported revenue of RMB 3.838 billion, a year-on-year increase of 6.94%, and a net profit of RMB 350 million, up 18.24% [6]. - In comparison, another Chinese restaurant chain, Little Garden, achieved revenue of RMB 5.210 billion, a 14.52% increase, and a net profit of RMB 581 million, a 9.13% increase for the same period [6]. Market Presence - As of the end of 2024, Green Tea operated 465 restaurants, with a net increase of 105 locations. In contrast, Little Garden had 667 locations, with a net increase of 131 [6]. - The company has accelerated its restaurant openings over the past three years, with 120 new openings in 2024, despite a rise in closures [7]. Operational Challenges - Green Tea experienced declines in key operational metrics in 2024, including a drop in table turnover rate from 3.30 to 3.00 times per day and a decrease in same-store sales growth rate to -10.3% [7]. - The average customer spending has also decreased over the past three years, from RMB 62.9 in 2022 to RMB 56.2 in 2024, attributed to changing consumer behavior in the current economic environment [7]. Regional Revenue Breakdown - Revenue from different regions showed mixed results in 2024, with East China and other regions seeing increases, while revenue from Guangdong and North China declined [8]. - Specifically, East China revenue grew by 13.36% to RMB 1.108 billion, while Guangdong revenue fell by 6.38% to RMB 763 million, and North China revenue decreased by 11.44% to RMB 627 million [8][9].

Core Viewpoint - Green Tea Group Limited (06831.HK) was listed on the Hong Kong Stock Exchange, opening at HKD 7.19 and closing at HKD 6.29, reflecting a decline of 12.52% on its first trading day [1]. Summary by Relevant Sections Share Issuance and Capital Structure - The total number of shares issued by Green Tea Group was 168,364,000, with 84,182,000 shares allocated for public offering and 84,182,000 shares for international offering [2]. - After the listing, the total number of issued shares (excluding any over-allotment options) was 673,454,800 [2]. Pricing and Fundraising - The final offer price was set at HKD 7.19, resulting in total proceeds of HKD 847.38 million. After deducting estimated listing expenses of HKD 101.60 million, the net proceeds amounted to HKD 745.78 million [4][5]. Business Overview and Financial Performance - Green Tea Group is a well-known operator of casual Chinese restaurants in mainland China. The funds raised will be used for expanding the restaurant network, establishing central food processing facilities, upgrading IT systems, working capital, and other general corporate purposes [5]. - The company reported revenues of RMB 2.375 billion, RMB 3.589 billion, and RMB 3.838 billion for the years 2022, 2023, and 2024, respectively. The net profits for the same years were RMB 16.58 million, RMB 295.54 million, and RMB 350.17 million [6][8]. Cash Flow and Financial Activities - The net cash generated from operating activities was RMB 348 million, RMB 793 million, and RMB 734 million for the years 2022, 2023, and 2024, respectively [7][8]. - The company experienced a decrease in same-store sales across all regions in 2024 [8]. Same-Store Sales Performance - The total number of same-store sales locations increased from 175 in 2022 to 197 in 2023, but the same-store sales growth rate showed a decline in 2024, with overall same-store sales amounting to RMB 2.035 billion [10]. - The same-store sales growth rates for various regions in 2024 were negative, with East China at -11.2%, Guangdong at -12.6%, North China at -6.8%, and other regions at -10.9% [10].

5月16日，绿茶集团在港交所主板挂牌上市。早盘平开，报7.19港元/股。上市首日截至午市，绿茶集团 股价下跌5.56%，报6.79港元/股，市值为45.73亿港元。 罗哲明认为，餐饮行业品牌的迭代周期正不断加快。从2010年的绿茶，到2015年的西贝，到2020年的小 菜园，每五年就会有新的餐饮品牌出现，而新旧品牌对于一线城市存量市场的博弈主要体现在品牌老 化。因此他也指出，这也是绿茶将新店方向定义为下沉市场的一个影响因素，但随着其他品牌的下沉化 推进，绿茶集团的"时间优势"也会被拉平。 绿茶集团曾于2021年3月、2021年10月、2022年4月、2024年6月四次向港交所递交上市申请。2024年12 月20日，公司第五次向港交所提交了上市申请，花旗集团和招银国际为其联席保荐人。 据招股书，2022年、2023年和2024年，绿茶集团的营收分别约为23.75亿元（人民币，下同）、35.89亿 元和38.38亿元。净利润分别约为1657.9万元、2.96亿元和3.50亿元，经调整净利润分别约为2521.6万 元、3.03亿元和3.61亿元。 根据公布的配发结果，绿茶集团7.19港元/股，共发行1.68亿股股份 ...

Group 1 - The core viewpoint of the news is that the leisure Chinese dining leader, Green Tea Group, has successfully listed on the Hong Kong Stock Exchange, achieving a market capitalization of HKD 4.5 billion, and is expected to perform well in the future due to its solid fundamentals and multiple attractions [1] - The consumption sector is showing opportunities, supported by government policies aimed at boosting consumption, which is expected to benefit typical domestic consumption industries [2][3] - The market's expectations for the Hong Kong consumption sector are rising, providing rare opportunities for the value release of significant new consumer stocks like Green Tea Group [3] Group 2 - Green Tea Group has shown steady growth even during the deep adjustment of the restaurant industry from 2022 to 2024, validating the sustainability and superiority of its business model [4] - The revenue of Green Tea Group is projected to grow from CNY 2.293 billion in 2022 to CNY 3.838 billion in 2024, with adjusted net profits increasing significantly [4][6] - The number of stores for Green Tea Group is expected to increase from 236 in 2022 to 465 in 2024, indicating a strong expansion strategy [6] Group 3 - The Chinese leisure Chinese restaurant market is expected to grow rapidly, providing ample development space for Green Tea Group [9] - The total revenue of the leisure Chinese restaurant sector is projected to have a compound annual growth rate of 9.1% from 2024 to 2029, reaching CNY 826.1 billion by 2029 [10] - The competitive landscape is expected to favor leading companies like Green Tea Group as weaker players are likely to exit the market [12] Group 4 - Green Tea Group plans to open 150, 200, and 213 new restaurants in 2025, 2026, and 2027 respectively, aiming to enter the "thousand-store era" [13] - The company is focusing on international expansion, with plans to open 28 new restaurants overseas in the next three years, having already established a presence in Hong Kong [14] - Green Tea Group has established a direct procurement center to enhance supply chain efficiency and reduce costs, supporting its rapid expansion [14]

封面新闻记者 舒俊瑜 5月16日，绿茶集团成功登陆港交所，上市首日开盘价为7.19港元/股。自2021年首次递交招股说明书，绿茶集团已五次冲击IPO。 据悉，此次招股共有8家基石投资者，它们是无锡紫鲜、安吉两山、Action Chain、正大食品、华置贸易、无锡合翔、无锡绿联和无锡琴雨。其中，Action Chain为银泰集团创始人沈国军旗下的商业投资公司。 招股书显示，绿茶集团为休闲中式餐厅运营商，旗下第一家绿茶餐厅于2008年在杭州西湖开业。2022年-2024年，绿茶集团的收入分别约为23.75亿元、 35.89亿元、38.38亿元；净利润分别约为0.17亿元、2.96亿元、3.50亿元。 虽然王勤松与路长梅夫妇的心愿已达，但绿茶集团未来要走的路还很长，且有一定"荆棘"。比如，餐厅经营的核心指标同店销售额、翻台率等，相较于 2023年，2024年整体呈现出倒退之势。 绿茶集团解释称，这主要是因为消费者减少了外出用餐的支出及次数，导致整体人均消费由2023年的61.8元减少至2024年的56.2元，整体翻台率由2023年 的3.3次下降至2024年的3次。 不过，绿茶集团依然对餐厅未来的发展满怀信心。其表 ...

Group 1 - The core viewpoint of the article is that Green Tea Group successfully listed on the Hong Kong Stock Exchange, marking a significant milestone for the company and the restaurant industry [1][9][22] - Green Tea's IPO was supported by eight cornerstone investors, raising approximately $87.33 million, with notable contributions from companies like Ziyan Food and Charoen Pokphand Foods [1][12] - The company has expanded its restaurant network significantly, growing from 276 locations in December 2022 to 489 by the end of 2024, with a compound annual growth rate of 29.8% [5][12] Group 2 - Green Tea was founded in 2008 by Wang Qinsong and Lu Changmei, who initially operated a youth hostel that included a restaurant, which later evolved into the Green Tea brand [3][4] - The company has faced challenges in maintaining its popularity, with a decline in same-store sales growth from 26.2% in 2023 to -10.3% in 2024, and a drop in average customer spending [13][14] - Despite the decline in key performance indicators, Green Tea plans to open 150, 200, and 213 new restaurants in 2025, 2026, and 2027 respectively, aiming for a total of 1,000 locations [14][13] Group 3 - The article highlights the trend of consumer companies, including Green Tea, seeking listings on the Hong Kong Stock Exchange due to its more favorable listing conditions compared to the A-share market [24][25] - The Hong Kong market has seen a surge in new listings, with 15 new stocks raising HKD 18.2 billion in the first quarter of 2025, indicating a robust environment for IPOs [26] - The article notes that the capital market's dynamics are shifting, with many companies opting for Hong Kong listings as a strategic move to access capital and enhance their international presence [25][28]

5月16日，绿茶集团正式在港交所主板上市。自2021年首次递交招股说明书，绿茶集团五度闯关港交所终于圆梦。 招股书说明书显示，2022年至2024年，绿茶集团的收入和净利润均逐年增长，但是这主要得益于公司门店数量的增 加。绿茶集团也承认，与2023年相比，公司的餐厅表现在2024年整体有所倒退，主要表现为同店销售额、翻台率等餐 厅经营核心指标的下滑。 本次上市，绿茶集团计划将募集到的资金用于扩大餐厅网络、设立中央食材加工设施、升级信息技术系统及相关基础 设施等。 5月16日，绿茶集团上市首日的开盘价为7.19港元/股，不过随后跌破了发行价，截至发稿最新股价为6.790港元。 绿茶集团餐厅总数已超400家 三年内冲击千店规模 绿茶集团的上市之路十分曲折，自2021年3月首次递交招股说明书以来，公司历经四次递表折戟，终于在第五次如愿。 招股说明书显示，绿茶集团为休闲中式餐厅运营商，第一家绿茶餐厅于2008年开设在杭州西子湖畔。 截至2025年4月14日，绿茶集团有489家餐厅。根据灼识咨询报告，在中国休闲中式餐厅品牌中，绿茶集团按餐厅数目 排名第三，按收入排名第四。2024年，在中国内地休闲中式餐厅品牌中，绿茶集 ...

绿茶集团(06831.HK)上市首日，盘中跌超2%，股价最低触及7港元， IPO价7.19港元。 ...

Group 1: Financial Market Developments - The People's Bank of China plans to further enrich the "Swap Connect" product types, extending interest rate swap contracts to 30 years and introducing swaps based on the Loan Prime Rate (LPR) [1] - As of April 2025, over 12,000 RMB interest rate swap transactions have been completed, with a total nominal principal amount of approximately 6.5 trillion RMB [1] Group 2: Company Performance and Market Reactions - Green Tea Group's stock closed down 7.65% at HKD 6.64 in the dark market, indicating volatility in investor sentiment despite its established presence in the restaurant industry [2][3] - Heng Rui Pharmaceutical has initiated its Hong Kong IPO with a price range of HKD 41.45 to HKD 44.05, with an entry fee of approximately HKD 8,898.85, marking a significant step in its international expansion strategy [4] - Alibaba's cloud revenue grew by 18% in the latest quarter, driven by strong AI demand, with AI-related product revenue achieving triple-digit growth for seven consecutive quarters [5] Group 3: New Market Entries - MIRXES-B, a cancer early screening company, has announced a global offering of 46.62 million shares at HKD 23.30 each, focusing on innovative solutions in disease screening and diagnosis [6]