钱大妈港交所递表 社区生鲜GMV五连冠 营收盈利同步增长

Core Insights - Qian Dama International Holdings Limited has submitted its prospectus to the Hong Kong Stock Exchange, aiming to lead the community fresh food market valued at 1.7 trillion yuan [1] - The company has maintained its position as the top community fresh food chain in China for five consecutive years, with a projected GMV of 14.8 billion yuan in 2024 [1][2] - Qian Dama's product range includes animal protein, vegetables, fruits, and refrigerated processed foods, with plans to expand to 2,938 stores by September 2025 [1] Industry Overview - The community fresh food market in China is expected to reach 1.7 trillion yuan in 2024, with a compound annual growth rate of 15.5% over the next five years [2] - Qian Dama's operational model combines quality and cost-effectiveness, leading to simultaneous growth in scale and profitability [2] Financial Performance - Qian Dama's adjusted net profits for 2023 and 2024 are projected to be 116 million yuan and 193 million yuan, respectively, with a further increase to 215 million yuan in the first three quarters of 2025 [3] - The company reported a net profit margin of 2.6% in 2025, indicating a consistent improvement in profitability and operational quality [3] Strategic Initiatives - The IPO proceeds will be used for optimizing store networks, developing high-margin private brands, upgrading cold chain logistics, and enhancing digital capabilities [4] - Qian Dama plans to deepen its store network in core regions while expanding into lower-tier cities and counties, supported by franchise expansion and strategic acquisitions [4] - The company aims to enhance its supply chain capabilities and online channels, including live e-commerce, to build a comprehensive retail network [4]