Core Viewpoint - Banu International Holdings Limited has submitted a listing application to the Hong Kong Stock Exchange, with CICC and China Merchants International as joint sponsors [1]. Company Overview - Banu is recognized as the largest quality hotpot enterprise in China, focusing on product quality and differentiation, with "beef tripe + mushroom soup" as its signature offering [3]. - According to Frost & Sullivan, Banu holds the largest market share in China's quality hotpot sector, accounting for 3.1% of the market by revenue in 2024 [3]. Market Insights - The Chinese hotpot industry is projected to maintain steady growth from 2024 to 2029, with a compound annual growth rate (CAGR) of approximately 6.5%. The quality hotpot segment is expected to grow even faster, with a CAGR of 7.8% [3]. Expansion and Network - As of June 9, Banu has established a direct store network covering 39 cities in China, with a total of 145 stores, representing a growth of 74.7% since the end of 2021 [3]. - The company operates five comprehensive central kitchens and one specialized base material processing factory, serving 14 provinces and municipalities in China [3]. - Banu has 53 stores in the Henan region and 92 stores in other national markets, demonstrating its ability to replicate the "Henan model" in other provincial cities [3]. - The company has 31 stores in first-tier cities and 114 stores in second-tier and lower cities, which account for 78.6% of its total restaurant count [3]. Financial Performance - Banu's revenue for the fiscal years 2022, 2023, 2024, and the first quarter of 2025 was RMB 1.433 billion, RMB 2.112 billion, RMB 2.307 billion, and RMB 709 million, respectively [4]. - The net profit for the same periods was -5.19 million, RMB 101.716 million, RMB 122.940 million, and RMB 55.162 million [4].
新股消息 | 巴奴毛肚火锅递表港交所 门店数量达到145家
智通财经网·2025-06-16 13:45