Core Viewpoint - Qian Dama, a leading community fresh food chain, has initiated its listing process on the Hong Kong Stock Exchange, revealing its growth and challenges in the competitive fresh food market [2]. Group 1: Company Overview - As of September 2025, Qian Dama has established nearly 2,938 stores, having previously peaked at over 3,700 stores [2]. - The company operates under a "no overnight meat" discount model, focusing on fresh products including animal proteins, vegetables, fruits, and refrigerated processed foods [2]. - The community fresh food market in China is projected to reach a scale of 1.7 trillion yuan by 2024, with a low chain rate of only 44.7%, indicating significant growth potential [2]. Group 2: Financial Performance - Qian Dama's revenues for 2023, 2024, and the first nine months of 2025 were 11.744 billion yuan, 11.788 billion yuan, and 8.359 billion yuan respectively, showing that 2023 and 2024 revenues remained stable [3]. - The adjusted net profits for the same periods were 116 million yuan, 193 million yuan, and 215 million yuan, indicating a slight increase in profitability [3]. - However, the revenue for the first nine months of 2025 decreased by 3.1% compared to the same period in 2024, marking the first year-on-year decline in recent quarters [3]. Group 3: Market Challenges and Strategy - Qian Dama faces intense competition from major players such as Meituan, Pinduoduo, and Yonghui Supermarket, which poses significant pressure on its market position [3]. - The company plans to deepen its store network by increasing the number of stores in core regions like South China while expanding into lower-tier cities and counties [3]. - Future growth strategies include a dual approach of franchise expansion and strategic acquisitions to enhance coverage in East China, Central China, and Southwest regions, laying the groundwork for long-term growth [3].
钱大妈启动上市，“不卖隔夜肉”模式下的商机与挑战并存 今日播报
Di Yi Cai Jing·2026-01-13 13:39