中式快餐“饺子王”袁记食品冲刺港股，计划将中国饺子卖向全球

Core Viewpoint - Yuanji Food Group has submitted its listing application to the Hong Kong Stock Exchange, marking a significant step in its capital expansion process [1] Group 1: Company Overview - Yuanji Food is a well-known Chinese fast-food enterprise specializing in fresh dumplings, wontons, and noodle products, with brands "Yuanji Cloud Dumplings" and "Yuanji Taste Enjoy" [2] - The company operates 4,266 stores globally, generating over 2.5 billion in annual revenue, with a steady growth in revenue projected at 2.026 billion in 2023 and 2.561 billion in 2024 [2][3] - The total gross merchandise value (GMV) from all stores increased by 31% from 4.772 billion in 2023 to 6.248 billion in 2024 [3] Group 2: Business Model and Expansion - Yuanji Food's expansion relies on a robust supply chain and a stable franchise system, with 24 warehouses supporting over 4,000 stores [4] - The company has a strong customer base with over 35 million members and an average quarterly repurchase rate of approximately 32.3% [4] - The company plans to deepen its domestic market presence while expanding into Southeast Asia, having opened its first overseas store in Singapore in late 2024 [5] Group 3: Market Position and Challenges - Yuanji Food is the largest Chinese fast-food company by store count and leads the market in dumpling and wonton retail and dining GMV [3] - The Chinese fast-food industry is highly competitive, with market size projected to grow from 529.6 billion in 2020 to 809.7 billion in 2024, and further to 1,285.3 billion by 2030 [6] - Future growth will depend on the company's ability to maintain brand recognition and effectively manage its franchise network [6]