赴港上市再进一步！鸣鸣很忙获证监会境外上市备案

Core Insights - The company Mingming Hen Mang has made significant progress in its preparations for an IPO, with the China Securities Regulatory Commission approving its application for overseas issuance and domestic unlisted shares to be fully circulated [1] - The company plans to issue up to 76.67 million overseas listed ordinary shares and convert 198 million unlisted shares into listed shares on the Hong Kong Stock Exchange [1] - As of June 30, 2025, the company operates 16,783 stores across 28 provinces in China, with approximately 58% located in county towns and rural areas [1][3] Industry Overview - The Chinese snack food and beverage retail industry has shown stable growth, with the market size increasing from 2.9 trillion yuan in 2019 to an expected 3.7 trillion yuan by 2024, reflecting a compound annual growth rate of 5.5% [3] - Mingming Hen Mang's sales have also been on the rise, achieving a GMV of 41.1 billion yuan in the first half of the year, a year-on-year increase of 86.9% [3][5] Financial Performance - The company's revenue for 2022, 2023, and 2024 was 4.286 billion yuan, 10.295 billion yuan, and 39.344 billion yuan respectively, with adjusted net profits showing a clear upward trend [4] - In the first half of the current year, the company's revenue reached 28.124 billion yuan, a year-on-year increase of 86.5%, while adjusted net profit surged by 265.5% to 1.035 billion yuan [5] - The company had cash and cash equivalents of 2.394 billion yuan at the end of the reporting period, reflecting a year-on-year growth of 34.37% [5]