闭店前，上海小南国肇嘉浜路均瑶店的厨师未收到任何通知。一位厨师向经济观察报记者透露，2月5日 他还在正常上班，店内一切如常，很多服务员和厨师都不知道即将闭店的消息。然而，2月6日店铺就突 然停业了，他也是通过新闻报道才得知，上海小南国所有上海门店都已闭店。 大众点评页面显示，目前上海的上海小南国门店均处于歇业关闭或暂停营业状态。无锡尚有两家上海小 南国正常经营，记者从接电话的前台处得知，这两家是无锡的加盟店，实行独立经营，只需向上海小南 国支付品牌使用费。目前，他们也无法联系到上海总部。 2月10日晚间，上海小南国控股有限公司（下称"上海小南国"，03666.HK）发布公告称，公司旗下上海 小南国品牌10间餐厅暂时停止运营，目的是配合集团的策略性重整。 上述厨师对策略性重整并不了解，他只清楚上海小南国还拖欠他两个月零三天的工资，累计两万多元。 2月13日，上海市商务委员会相关工作人员对经济观察报称，上海市、区商务部门已召集相关行业协会 和上海小南国方面，开展事件情况排查，推进问题协调解决，目前协调工作仍在进行中。 部分消费者收到退款 2月10日，张先生接到上海小南国相关工作人员的电话，对方称正在统计交了年夜饭 ...

年夜饭订金、储值卡余额无处可退 消费者郑女士向记者介绍，她于1月30日在上海小南国张江汇智店预订了年夜饭，并支付了500元订金。 "当时的小南国经营一切正常，宾朋满座。"但这两天她却得知上海小南国多家门店突然闭店的消息，"门店关门时没有任何通知，后来是隔壁店的老板看 不过去，从柜台里找了年夜饭的预订本子一个个打电话通知我们的。" 社交平台上，网友分享小南国门店停业现状 上海小南国突然闭店 员工被拖欠数月工资 本文转自【杭州交通918】； 近日，小南国位于上海的多家门店被曝突然停止营业。 门店处于关门状态 得知闭店消息后，郑女士也曾尝试联系门店，但电话始终未能接通，"之前好不容易在管理处找到一个联系方式，对方说3天之内给消息，但目前看来也有 可能又是没消息。" 点评平台上显示，多家小南国已停业 另一消费者Lucy也遭遇了此类情况。她在1月底支付了1000元年夜饭订金，随后接到门店经理电话，被告知餐厅即将关闭，经理表示自己也是突然接到通 知，并需逐一告知客户。"退钱是一方面，现在也很难再找到合适的餐厅吃年夜饭了。"Lucy表示。 对于闭店一事，记者致电上海小南国所有门店，均无人接听。不过记者致电无锡、珠海的小南国 ...

Company Overview - Guangzhou Yujian Xiaomian Catering Co., Ltd. (referred to as "Yujian Xiaomian") has submitted a listing application to the Hong Kong Stock Exchange, aiming to raise $100 million, which would make it the first "Chinese noodle restaurant" listed in Hong Kong [2] - The company specializes in Sichuan-Chongqing flavors, with Chongqing noodles as its core product, and has rapidly expanded its operations [2] Financial Performance - From 2022 to 2024, Yujian Xiaomian's revenue is projected to increase from 418 million yuan to 1.154 billion yuan, transitioning from a loss of 35.97 million yuan to a profit of 60.7 million yuan, indicating strong growth momentum [3] - The average customer spending has decreased from 36.1 yuan in 2022 to 32 yuan in 2024, reflecting ongoing pressure on profit margins despite strategies to enhance turnover rates [3] Expansion Plans - As of April 2025, the total number of Yujian Xiaomian stores is expected to reach 400, covering 22 cities in mainland China and Hong Kong, with an additional 64 new stores in preparation [2] - The company plans to open more than 100 new stores annually over the next three years and aims to penetrate lower-tier markets [3] Regulatory Challenges - The China Securities Regulatory Commission (CSRC) has issued six supplementary material requests regarding compliance with equity incentive plans, shareholder equity pledges, and foreign investment access, adding uncertainty to the company's listing prospects [2][3] - Concerns have been raised about potential internal governance risks, including the possibility of interest transfer in equity incentive schemes and the status of pledged or frozen shares [3] Industry Context - The Chinese noodle restaurant sector has experienced capital frenzy, but issues such as homogenization and consumer downgrade trends have led some brands into difficulties [3] - Yujian Xiaomian's ability to leverage capital to overcome industry challenges and avoid the pitfalls faced by some "internet celebrity restaurants" will be a focal point for investors [3]