Core Insights - The company "鸣鸣很忙" has submitted updated listing application materials to the Hong Kong Stock Exchange, showcasing strong financial performance and market leadership in the snack food and beverage retail sector [1][4]. Financial Performance - As of June 30, 2025, the company achieved a Gross Merchandise Volume (GMV) of 41.1 billion RMB and revenue of 28.12 billion RMB, with an adjusted net profit of 1.034 billion RMB [1]. - The company reported a cash balance exceeding 2.394 billion RMB and a net current asset value of 2.827 billion RMB, indicating strong liquidity and efficient asset turnover [4]. - The net operating cash flow for the first half of 2025 was 1.395 billion RMB, reflecting robust cash generation capabilities [4]. Market Position - "鸣鸣很忙" is recognized as the largest snack food and beverage retail chain in China, with a total of 16,783 stores across 28 provinces and 1,327 counties, covering all tier-one cities [1][4]. - The company is projected to lead the industry in retail sales of snack food and beverages in 2024, according to third-party data [1]. - By September 2025, it is expected to become the first company in the industry to surpass 20,000 stores, further solidifying its market dominance [1]. Industry Context - The Hong Kong IPO market is showing signs of recovery, with a total fundraising of 107.1 billion HKD in the first half of the year, a sevenfold increase year-on-year, making it the leading global market for IPOs [4]. - The company is positioned as a popular entity in the consumer sector, with its IPO being highly anticipated amid a competitive landscape of over 300 companies waiting to list [4].
鸣鸣很忙更新招股书 营收利润双增 稳居中国休闲食品饮料连锁零售第一
智通财经网·2025-10-28 10:33