Core Viewpoint - Guangzhou Yujian Xiaomian Catering Co., Ltd., known as "Yujian Xiaomian," has successfully listed on the Hong Kong Stock Exchange, marking a significant milestone in its development as the first publicly traded Chinese noodle restaurant chain [1][4]. Company Overview - Founded in 2014, Yujian Xiaomian specializes in Sichuan-Chongqing style noodles and has rapidly expanded to 22 cities in mainland China and Hong Kong through a combination of direct operation and franchising [3]. - As of the latest feasible date, the number of restaurants has increased by 249.6% from 133 to 465, with an additional 115 new restaurants in preparation [3]. Market Position - According to a report by Frost & Sullivan, Yujian Xiaomian is the largest operator of Sichuan-Chongqing style noodle restaurants in China and the fourth largest Chinese noodle brand overall, with a projected compound annual growth rate (CAGR) of 43.2% in total merchandise transaction value from 2022 to 2024 [3]. Financial Performance - The company has demonstrated rapid growth, with revenue increasing from RMB 418 million in 2022 to RMB 1.154 billion in 2024, reflecting a CAGR of 66.16% [3]. - In the first half of 2025, Yujian Xiaomian achieved revenue of RMB 703 million, a year-on-year increase of 33.8%, and an adjusted net profit of RMB 52.175 million, up 131.56% [3]. Fundraising and Future Plans - The IPO raised approximately HKD 685 million, which will primarily be used for restaurant network expansion, technology upgrades, and brand development [3]. - The company plans to open approximately 150 to 180 new restaurants in 2026, 170 to 200 in 2027, and 200 to 230 in 2028, both through direct operation and franchising [3]. Vision and Strategy - The Chairman and CEO, Song Qi, stated that the listing is a crucial milestone for the company, which aims to provide high-quality, cost-effective dining experiences through digital operations and supply chain optimization, while promoting the internationalization of Chinese cuisine [4].
“中式面馆第一股”来了！遇见小面港股挂牌上市