Company Overview - COMMUNE is a leading restaurant and bar concept brand in China, operating 112 direct-operated locations across 40 cities as of September 30, 2025, with a focus on high-traffic urban areas to enhance brand visibility and economic efficiency [4] - The company has been ranked first in the Chinese restaurant and bar sector by revenue for three consecutive years from 2022 to 2024, holding a market share of approximately 7.8% in a rapidly growing market [4] Business Model - The company offers a diverse range of quality food during the day and transforms its venues into social gathering spots for drinking at night, with alcoholic beverages accounting for about 45% of total revenue, of which approximately 85% are alcoholic drinks [5] Financial Performance - The company recorded revenues of approximately RMB 844.64 million, RMB 1.07 billion, and RMB 872.04 million for the fiscal years ending December 31, 2023, December 31, 2024, and the nine months ending September 30, 2025, respectively [7] - The net profit for the same periods was approximately RMB 50.53 million, RMB 53.98 million, and RMB 66.70 million [8] Industry Overview - The Chinese dining market is projected to reach RMB 5.57 trillion by 2024, with a compound annual growth rate (CAGR) of 6.5% from 2025 to 2029 [9] - The restaurant and bar market is expected to grow to RMB 30.1 billion by 2024, with a CAGR of 15.4% from 2025 to 2029, the highest among related sectors [9] - The chain restaurant and bar market size is anticipated to increase from RMB 68 billion in 2020 to RMB 135 billion in 2024, with a CAGR of 18.7% [11]
新股消息 | 极物思维递表港交所 为中国排名第一的餐酒吧品牌
智通财经网·2026-01-11 08:50