Core Viewpoint - The company "Ming Ming Hen Mang" has submitted updated listing application materials to the Hong Kong Stock Exchange, showcasing strong financial performance and market position in the retail snack and beverage sector [1] Financial Performance - As of June 30, 2025, the company achieved a Gross Merchandise Volume (GMV) of 41.1 billion yuan and revenue of 28.12 billion yuan for the first half of the year, with an adjusted net profit of 1.034 billion yuan [1] - The total number of stores reached 16,783, and the company has surpassed 20,000 stores as of September 2023, solidifying its market leadership [1] Market Position - Ming Ming Hen Mang is recognized as one of China's largest retail snack and beverage chains, integrating its dual brands "Snack Hen Mang" and "Zhao Yi Ming Snacks" to enhance operational efficiency [1] - According to the China Chain Store & Franchise Association, the company ranks among the top 10 in the Chinese chain industry for 2024, being the only bulk snack enterprise in that list [1] Financial Health - As of June 30, 2025, the company reported a cash balance exceeding 2.394 billion yuan and net current assets of 2.827 billion yuan, with a net operating cash flow of 1.395 billion yuan for the first half of 2025 [1] - The inventory turnover days were only 11.7 days, indicating robust financial strength and efficient asset management [1] IPO Context - The update to the prospectus is considered a routine step in the Hong Kong IPO process, and with the recovery of the Hong Kong IPO market, the company is expected to attract significant interest due to its scale and growth momentum [1]
鸣鸣很忙：2025上半年实现零售额411亿元 更新招股书展现稳健增长力
Zhong Zheng Wang·2025-10-29 02:37