遇见小面递表港交所 餐厅数量已增至451家

Company Overview - Yujian Xiaomian is a modern Chinese noodle restaurant operator based on Chongqing noodles, with a network of 440 restaurants in 22 cities in mainland China and 11 in Hong Kong as of October 8, 2025 [3] - The company has 101 new restaurants in preparation, primarily located in eastern and southern China, with over half in Guangdong Province [3] Industry Insights - The Chinese Chinese noodle restaurant market is expected to accelerate growth, with a total transaction value projected to reach RMB 510 billion by 2029, reflecting a compound annual growth rate (CAGR) of 10.9% from 2025 to 2029 [3] - The Sichuan-Chongqing flavored noodle market is anticipated to reach RMB 135.7 billion by 2029, with a CAGR of 13.2%, the highest among various regional flavors [3] Financial Performance - From the beginning of the historical record period to October 8, 2025, the number of Yujian Xiaomian restaurants increased by 239.1% from 133 to 451 [4] - Revenue grew significantly from RMB 418 million in 2022 to RMB 1.154 billion in 2024, achieving a CAGR of 66.16% [4] - In the first half of 2025, the company reported revenue of RMB 703 million, a year-on-year increase of 33.8%, with expectations to break new highs for the full year [4] Profitability - The company achieved net profits of RMB 45.9 million in 2023 and RMB 60.7 million in 2024, with the first half of 2025 showing a profit of RMB 41.8 million, indicating a year-on-year doubling of profit [4][6]