袁记食品冲刺港股IPO 门店超4000家

Core Viewpoint - Yuanji Food Group Co., Ltd. has submitted an application for listing on the Hong Kong Stock Exchange, aiming to raise funds for digital transformation, supply chain expansion, brand development, and working capital [1][2] Group 1: Company Overview - Yuanji Food operates two main brands: "Yuanji Cloud Dumplings" and "Yuanji Flavor Enjoy," providing a comprehensive product range that caters to various dining needs, including work lunches and late-night snacks [1] - As of September 30, 2025, Yuanji Food has a total of 4,266 stores, making it the largest Chinese fast-food company by store count globally [2] Group 2: Financial Performance - The company reported revenues of 2.026 billion yuan in 2023 and 2.561 billion yuan in 2024, with a revenue of 1.982 billion yuan for the first nine months of 2025, reflecting an 11% year-on-year growth compared to the same period in 2024 [1] - Adjusted net profit for the first nine months of 2025 reached 192 million yuan, representing a 31% increase year-on-year [1] Group 3: Market Position and Growth - The total GMV (Gross Merchandise Value) of Yuanji Food increased from 4.772 billion yuan in 2023 to 6.248 billion yuan in 2024, marking a 31% growth [2] - For the first nine months of 2025, the GMV was reported at 4.789 billion yuan [2] Group 4: Funding and Investment - Yuanji Food has completed three rounds of financing, raising 30 million yuan in A round in 2023, 150 million yuan in B round in September 2025, and 280 million yuan in B+ round in December 2025 [2] - Major investors include Black Ant Capital, Qicheng Capital, and others, with Black Ant Capital being the largest institutional investor prior to the IPO [2] Group 5: Use of IPO Proceeds - The net proceeds from the IPO will primarily be allocated to digital and intelligent construction, overseas supply chain expansion, brand building, product research and development, supply chain upgrades, and general corporate purposes [2]