90后体育生卖饺子，年入25亿

Core Viewpoint - Yuanji Cloud Dumpling has rapidly expanded its presence in China, becoming the largest Chinese fast-food chain by store count, with plans for further growth and international expansion [3][4][6]. Group 1: Expansion and Growth - As of early 2023, Yuanji Cloud Dumpling had 1,990 stores, which increased to 4,266 by September 2025, representing a growth of 2.14 times [3][4]. - The average opening rate is one to two new stores every three days, indicating aggressive expansion [4]. - By November 2025, the total number of stores exceeded 5,000, showcasing rapid growth in a short period [16]. Group 2: Financial Performance - In 2023, the company's revenue was 2.026 billion yuan, which grew to 2.561 billion yuan in 2024, marking a year-on-year increase of 26.4% [7][8]. - For the first three quarters of 2025, revenue reached 1.982 billion yuan, reflecting an 11% increase compared to the same period in 2024 [9]. - The average net profit per order was approximately 0.99 yuan in 2023, 0.72 yuan in 2024, and 0.91 yuan in the first nine months of 2025 [28]. Group 3: Business Model and Operations - Yuanji Cloud Dumpling operates primarily as a fast-food chain, focusing on convenience and affordability, with menu items priced between 17 to 25 yuan [11][14]. - Approximately 95% of its stores are franchise-operated, relying on the sale of ingredients from the headquarters for their operations [25]. - The company's profitability is largely derived from the price difference in the supply chain, as it sources raw materials like pork and flour from suppliers [24][26]. Group 4: Market Strategy and Challenges - The company is focusing on expanding into northern markets and university campuses, which present both opportunities and challenges due to regional taste preferences [32][33]. - Brand recognition and consumer trust are critical for future growth, as the company acknowledges the need to maintain and enhance its brand image [31]. - The perception of "handmade" products versus the reality of standardized supply chain practices may impact consumer trust and brand loyalty [34][35].