刚刚，绿茶IPO了

Core Viewpoint - After five attempts, Green Tea Restaurant successfully went public on the Hong Kong Stock Exchange, achieving a market value of over HKD 46 billion, with the founders' net worth exceeding HKD 30 billion [2][3][7]. Company Development - Green Tea Restaurant was founded by Wang Qinsong and Lu Changmei in 2004, initially starting as a youth hostel that transformed into a restaurant in 2008, quickly becoming a popular dining spot in Hangzhou [5][6]. - The restaurant's unique decor and affordable fusion dishes led to its rapid success, with the first location achieving a record of 14 table turnovers in a single day [5][6]. - By 2023, Green Tea Restaurant had expanded to nearly 500 locations across China, generating over CNY 38 billion in annual revenue [3][8][10]. Financial Performance - The company's revenue grew from CNY 23.75 billion in 2022 to CNY 35.89 billion in 2023, with projections of reaching CNY 38.38 billion in 2024 [10]. - Net profit surged from CNY 0.17 billion in 2022 to CNY 2.96 billion in 2023, with expectations of reaching CNY 3.5 billion in 2024 [10]. - Despite a decline in table turnover rates and average spending per customer, the company increased its focus on takeout services, generating CNY 7.23 billion in takeout revenue, a 39.8% increase year-on-year [10]. Expansion Plans - Green Tea Restaurant plans to open 150, 200, and 213 new locations in 2025, 2026, and 2027, respectively, aiming to double its store count within three years [11]. Industry Trends - The IPO of Green Tea Restaurant coincides with a wave of restaurant IPOs in Hong Kong, including other brands like Xiaocaiyuan and Laoxiangji, indicating a growing trend in the restaurant sector [12][13]. - The market is witnessing a resurgence, with many investors believing that 2025 will be a favorable year for profitable consumer brands to go public [14][15].