钱大妈启动上市，“不卖隔夜肉”模式下的商机与挑战并存

Group 1 - Company Qian Dama has officially initiated its listing process on the Hong Kong Stock Exchange by disclosing its prospectus, with plans to expand its store network to nearly 2,938 locations by September 2025 [1] - The company operates under a "no overnight meat" discount model, which has allowed for rapid expansion, although it has recently faced challenges leading to a reduction in store numbers [3][4] - The community fresh food market in China is projected to reach a scale of 1.7 trillion yuan in 2024, with a low chain rate of only 44.7%, indicating significant growth potential in the industry [4] Group 2 - Qian Dama's revenue figures for 2023, 2024, and the first nine months of 2025 are reported as 11.744 billion yuan, 11.788 billion yuan, and 8.359 billion yuan respectively, showing a 3.1% decline in revenue for the first nine months of 2025 compared to the same period in 2024 [4] - The company is recognized as a leading player in the community fresh food sector but faces ongoing competitive pressure from major players such as Meituan, Pinduoduo, and Yonghui Supermarket [4] - Future strategies include deepening the store network in core regions, expanding into lower-tier cities, and enhancing store formats to meet diverse consumer needs, alongside growth through franchising and strategic acquisitions [5]