Group 1 - The core viewpoint of the article is that Hunan Mingming Hen Mang Commercial Chain Co., Ltd. is set to become the first "bulk snack stock" in Hong Kong after passing the listing hearing at the Hong Kong Stock Exchange [1] - The company was formed by the merger of "Snacks Hen Mang," established in March 2017, and "Zhao Yiming Snacks," founded in January 2019, which completed their merger in November 2023 [1] - Mingming Hen Mang aims to address pain points in China's leisure food and beverage retail industry by implementing a bulk sales model that enhances user product demand and improves supply chain efficiency [1] Group 2 - The company has accumulated deep insights into consumer demand through its bulk sales model, allowing for product selection and customization [2] - As of the first three quarters of 2025, the company achieved a retail sales volume (GMV) of 66.1 billion yuan, a year-on-year increase of 74.5%, surpassing the total for 2024 [2] - By September 30, 2025, the company operated 19,517 stores across 28 provinces, with a revenue of 46.371 billion yuan, reflecting a 75.2% year-on-year growth, and an adjusted net profit of 1.81 billion yuan, up 240.8% [2]
港股“量贩零食第一股”要来了？鸣鸣很忙通过聆讯
Xin Jing Bao·2026-01-07 03:04