以下文章来源于Tech星球 ，作者林京 财报显示，太二酸菜鱼2025年上半年收入19.49亿元，同比下滑13.3%， 跌幅超过了集团整体水平。也让"太二酸菜鱼为何没人吃了 " 登上热 搜。 Tech星球 . 另一方面，正在进行门店爆改、主打"鲜活鱼"的太二酸菜鱼，正好撞上西贝和罗永浩的预制菜之争风波，有顾客在其杭州某门店对" 7分钟就 端上三道菜 "产生质疑，让太二酸菜鱼又陷入是否活鱼现杀的争 议 之中。 Tech星球，聚焦互联网前沿科技和新商业。 作为昔日开在核心商圈的 餐饮 "排队王"，不同于曾经为消费者立下"不拼桌、不能免辣、 超过四人不接待 "等诸多规矩，依旧俘获无数用户创下 4.9次/天的高翻桌率，如今转型中的太二酸菜鱼，正陷入多事之秋。 来源｜Tech星球 文 | 林京 继 西贝之后，太二酸菜鱼成为 近期 热搜上的"常客"。 一方面， 太二酸菜鱼母公司 九毛九集团发布的财报显示，2025年上半年营收为27.53亿元，同比下降10.1%；实现净利润0.61亿元，同比减少 16.05%。其中， 三大核心品牌太二酸菜鱼、怂火锅、九毛九（西北菜）收入全线下滑。 占九毛九七成以上营收的太二酸菜鱼，首次出现大 ...

Core Viewpoint - Jiangsu Hongxin, a regional supermarket company from Yangzhou, has successfully listed on the Hong Kong Stock Exchange amid challenges faced by traditional retail, aiming to enhance its operational capabilities and store image through raised capital [1][4]. Group 1: Company Overview - Jiangsu Hongxin operates 51 supermarkets and 109 convenience stores, with the majority located in Yangzhou and a few in Taizhou [1]. - The company ranked second among supermarket operators in Yangzhou with a market share of approximately 9.1% in 2023 [4]. - The company has seen a significant reduction in store count from nearly 500 to 160, indicating challenges in expansion and market adaptation [5]. Group 2: Financial Performance - Jiangsu Hongxin's revenue figures from 2021 to the first nine months of 2024 are as follows: 14.32 billion, 13.29 billion, 14.02 billion, and 10.06 billion CNY, with net profits of 350.8 million, 510.65 million, 516.02 million, and 240.78 million CNY respectively [6]. - The retail business's revenue contribution has decreased from 62% in 2021 to 41.6% in the first nine months of 2024, while the wholesale business's share increased from 36.7% to 56.9% during the same period [6]. Group 3: Strategic Initiatives - The company plans to use the raised funds to improve store image, upgrade logistics, invest in information technology, and enhance its central kitchen capabilities [1]. - Jiangsu Hongxin is entering the prepared food market, with a central kitchen capable of producing 10,000 meals per day, primarily serving local schools [7]. - The prepared food market in the Suzhong region is projected to grow from approximately 10.64 billion CNY in 2024 to 19.78 billion CNY by 2027, with a compound annual growth rate of about 22.96% [7].