巴奴更新招股书：今年客单价继续下降，门店增加翻台率也上涨
Sou Hu Cai Jing·2025-12-20 06:09

Core Viewpoint - Banu International Holdings Limited has refiled its Hong Kong IPO prospectus, updating its financial data for the first three quarters of this year, showing significant growth in revenue and net profit compared to the previous year [1][3]. Financial Performance - For the first three quarters of this year, Banu's revenue increased by 24.51% to 2.077 billion yuan, while net profit rose by 58.46% to 156 million yuan. Adjusted net profit grew by 80.78% to 236 million yuan [1]. - The company's performance growth has accelerated compared to the projected full-year revenue growth of 9.23% and net profit growth of 20.87% for 2024 [1]. Market Position - According to data from Frost & Sullivan, Banu ranks third in the Chinese hot pot market in 2024, with a market share of 0.4%. The top two competitors are Haidilao and Xiaobawang, with market shares of 6.7% and 0.4%, respectively [3]. - Banu has received investments from Beijing Sanshengwan Venture Capital, Tomato Capital, and GYH L Limited prior to its IPO [3]. Store Expansion - As of December 7, Banu opened 26 new stores and closed 8, bringing the total number of stores to 162. The company aims to open 44 new stores this year, an increase from the previous target of 40 [4][6]. - The store opening pace has slowed compared to the planned 35 new stores and 2 closures for 2024 [4]. Customer Metrics - Banu's restaurant turnover rate for the first three quarters was 3.6 times per day, up from 3.1 times in the same period last year. The average daily customer count per store was 393, a year-on-year increase of 5.93% [6]. - The average daily sales per store reached 57,600 yuan, reflecting a year-on-year growth of 3.57% [6]. Pricing Strategy - The average customer spending for the first three quarters was 138 yuan, a decrease of 4 yuan compared to the same period last year. This follows a trend of declining average spending, which the company attributes to strategic adjustments in product offerings and pricing to attract a broader customer base [7].