遇见小面IPO冲刺“中式面馆第一股”，2025年上半年利润同比翻倍

Company Overview - "Yujian Xiaomian" is accelerating its IPO process in Hong Kong, aiming to become the first publicly listed Chinese noodle restaurant [1] - The company has shown significant revenue growth, with projections indicating an increase from 418 million to 1.154 billion yuan from 2022 to 2024, representing a compound annual growth rate (CAGR) of 66.16% [1] - In the first half of 2025, the company achieved revenue of 703 million yuan, reflecting a year-on-year growth of 33.8% [1] - Adjusted net profit for the first half of 2025 reached 52.175 million yuan, marking a year-on-year increase of 131.56% [1] Expansion and Market Position - The company has rapidly expanded its restaurant network, increasing from 133 to 451 locations, a growth of 239.1% since early 2022 [1] - Yujian Xiaomian's restaurant coverage now spans 22 cities across 9 provinces in mainland China and Hong Kong, with plans to exceed 500 locations by the end of 2025 [1] - The company is preparing to open its first overseas store in Singapore, expected to launch in December [1] Industry Context - Yujian Xiaomian holds a strong market position as the largest operator of Sichuan-Chongqing style noodle restaurants in China and the fourth largest among all Chinese noodle restaurants [2] - The total market size for Chinese noodle restaurants is projected to reach 296.2 billion yuan in 2024, with Sichuan-Chongqing style noodles growing at a rate of 13.2% [2] - The company has the highest CAGR in total merchandise transaction value among the top ten Chinese noodle restaurant operators from 2022 to 2024 [2] - Yujian Xiaomian's products, including Chongqing noodles, Hongwan Wanzamian, and Jinwan Suanlazifen, rank first in offline sales among all chain restaurants in China from 2022 to 2024 [2]