在全球咖啡文化加速渗透与中国消费升级共振的浪潮下，中国咖啡机行业正迎来历史性拐点——从"小众工具"蜕变为"生活方式载体"，从代工制造迈向技术 自主与品牌出海。作为这一转型浪潮中的标杆企业，格米莱控股有限公司(以下简称"格米莱")正式向香港资本市场发起冲击。 据港交所1月29日披露，格米莱向港交所主板递交上市申请书，中信证券为其独家保荐人。在国产替代浪潮进入咖啡设备行业的当下，深耕行业十余年的格 米莱到底成色几何呢？ 战略转型效果显著，营收净利稳步上行 尽管被称为"高端咖啡机国货代表"，公司营收实则"半自动主导、商用稳增"。报告期内，其半自动意式咖啡机收入分别为2.39亿元、4.23亿元、2.63亿元及 3.80亿元，呈显著增长态势，且占营收比重持续提升，从2023年的77.6%升至2025年九个月的84.6%，进一步巩固其核心业务地位。 据招股书显示，格米莱是中国专业咖啡机企业。历经十余年发展，公司已建立一个综合业务模式，涵盖产品设计、研发、制造、销售及售后服务，并实现了 对咖啡机行业价值链的全面覆盖。目前公司的产品分销至全球逾60个国家及地区，累积销量超过200万件，已服务超过40万名用户，并已成为进军国际 ...

本文源自：市场资讯 国产半自动意式咖啡机头部品牌格米莱已正式向港交所递交招股书，若顺利上市，这家2024年营收近5 亿元、拿下国内咖啡机市场7.5%份额的企业，将成为首个港股上市的国产咖啡机品牌。 作者：观察君 根据弗若斯特沙利文数据，2024年格米莱以收入计位列国内咖啡机行业第二、国产品牌第一，半自动意 式咖啡机市占率达16%，分体式半自动意式咖啡机市占率更高达27.9%。截至目前，格米莱产品已销往 全球60余个国家和地区，累计销量超200万件，服务用户超40万人。 市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 格米莱构建了覆盖家庭、办公室、餐厅及咖啡馆等多元场景的意式咖啡机产品体系，主打半自动意式咖 啡机。其财报显示，2023年至2024年营收分别为3.08亿元和4.98亿元，2025年前9个月营收达4.49亿元， 毛利率长期维持在40%左右，2025年前9个月毛利率升至44%以上，品牌溢价与规模效应逐步显现。 ...

咖啡市场如此火爆，怎么能少得了咖啡机的品牌崛起故事呢？ 1月29日，本土咖啡机品牌格米莱Gemilai背后的格米莱控股有限公司，递交IPO招股书，冲击港股主板 上市。 公开信息显示，格米莱由袁彬创立于2011年，并由他创立了"一起喝一杯"的品牌理念。不过，目前袁彬 已完全退出格米莱，公司由谢建萍控制并领衔。 创立次年，格米莱推出首款配置58毫米商用萃取系统的家用意式咖啡机，2013年进军海外市场，2015年 推出首款商用意式咖啡机，2024年自建工厂投产，成为行业内少有的涵盖设计、研发、制造、销售及服 务的全产业链咖啡机品牌。 格米莱非常幸运，创立之后没几年，就赶上了中国现磨咖啡市场的爆发期。 在星巴克的引入和普及下，在瑞幸和库迪的强力推动下，2017年之后，中国咖啡人口迅速增长，人均杯 量迅速提升，中国咖啡市场迎来大增长。 来源：斑马消费 规模、利润大幅增长，格米莱的盈利能力也在稳步提升。2023年、2024年、2025年1-9月，毛利率分别 为41.9%、40.5%、44.1%，净利率分别为7.2%、8.0%、12.0%。 2018年，中国现磨咖啡市场规模约为390亿元，到2025年约在1880亿元，年均 ...

来源：活报告 2026年1月29日，格米莱首次向港交所递交招股书，拟在香港主板上市，独家保荐人为中信证券。 公司是中国领先的专业咖啡机企业，2024年收入4.98亿元，净利润0.4亿元，毛利率40.54%；2025年前9个月收入4.49亿元，净利润0.54亿元， 同比增长363.36%，毛利率44.06%。 公司是中国领先的专业咖啡机企业，致力于引领咖啡美好生活。历经十余年发展，公司已建立一个综合业务模式，涵盖产品设计、研发、制 造、销售及售后服务，并实现了对咖啡机行业价值链的全面覆盖。 根据弗若斯特沙利文，就收入而言，公司位列中国咖啡机行业第二大咖啡机品牌，亦为国内第一大咖啡机品牌，2024年的市场份额约为 7.5%；公司位列中国半自动意式咖啡机行业第一大咖啡机品牌，市场份额约为16.0%，亦为分体式半自动意式咖啡机行业第一大品牌，市场份 额约为27.9%。 公司已形成多系列、适配家庭、办公室、餐厅及咖啡馆等多元使用场景的意式咖啡机产品体系，拥有丰富的SKU，为不同用户群体提供专业、 可靠且具审美价值的咖啡制作设备。此外，公司已将产品线扩展至专业磨豆机、咖啡豆及其他咖啡机配件。 公司的业务模式包含自有品牌销 ...

Company Overview - Gemilai Holdings Limited is a leading professional coffee machine company in China, focusing on enhancing the coffee experience. The company has developed a comprehensive business model covering product design, R&D, manufacturing, sales, and after-sales service, achieving full coverage of the coffee machine industry's value chain. Its products are distributed in over 60 countries and regions, with cumulative sales exceeding 2 million units and serving over 400,000 users, establishing itself as a representative Chinese coffee machine brand in the international market [4][5]. - The company has developed a diverse product line of espresso machines suitable for various usage scenarios, including homes, offices, restaurants, and cafes. It offers a wide range of SKUs to provide professional, reliable, and aesthetically pleasing coffee-making equipment for different user groups. Additionally, the product line has expanded to include professional grinders, coffee beans, and other coffee machine accessories [4]. Market Position - According to Frost & Sullivan, Gemilai ranks as the second-largest coffee machine brand in China by revenue and the largest domestic coffee machine brand, with an estimated market share of approximately 7.5% in 2024. In the semi-automatic espresso machine segment, it holds the top position with a market share of about 16.0%, and in the split-type semi-automatic espresso machine sector, it leads with a market share of approximately 27.9% [5]. Financial Performance - For the fiscal years ending September 30, Gemilai reported revenues of approximately RMB 308 million, RMB 499 million, and RMB 449 million for 2023, 2024, and the first nine months of 2025, respectively [6]. - The company's profit for the same periods was approximately RMB 22.01 million, RMB 40.01 million, and RMB 53.97 million [7]. - The gross profit margins for the fiscal years were 41.9%, 40.5%, and 44.1% for 2023, 2024, and the first nine months of 2025, respectively [9]. Industry Overview - The global coffee machine market size increased from USD 15.3 billion in 2019 to USD 30.6 billion in 2024, with a compound annual growth rate (CAGR) of 14.9%. It is expected to further expand to USD 59.5 billion by 2029, with a CAGR of 14.1%. The home coffee machine market is projected to grow from USD 9.3 billion in 2019 to USD 20.6 billion in 2024, with a CAGR of 17.2%, and is expected to reach USD 43.3 billion by 2029 [11]. - In China, the coffee machine market size grew from RMB 2 billion in 2019 to RMB 5.3 billion in 2024, with a CAGR of 21.5%. It is anticipated to expand to RMB 12.5 billion by 2029, with a CAGR of 18.7%. The home coffee machine market is expected to grow from RMB 1.1 billion in 2019 to RMB 3.8 billion in 2024, with a CAGR of 28.1%, and reach RMB 10.3 billion by 2029 [13]. - The online coffee machine market in China is projected to grow from RMB 1.3 billion in 2019 to RMB 4.2 billion in 2024, with a CAGR of 26.4%, and is expected to reach RMB 10.9 billion by 2029 [15].

招股书显示，格米莱是中国领先的专业咖啡机企业，公司已实现了对咖啡机行业价值链的全面覆盖，产 品分销至全球逾60个国家及地区，累积销量超过200万件。根据弗若斯特沙利文数据，就收入而言，公 司位列中国咖啡机行业第二大品牌，亦为国内第一大自主品牌，2024年的市场份额约为7.5%。同年， 就收入而言，公司位列中国半自动意式咖啡机行业第一大品牌，市场份额约为 16%，亦为分体式半自 动意式咖啡机行业第一大品牌，市场份额约为27.9%。 北京商报讯（记者 马换换 李佳雪）1月29日晚间，港交所官网显示，知名咖啡机企业格米莱控股有限公 司（以下简称"格米莱"）已向港交所提交上市申请书。 ...

据港交所1月29日披露，格米莱控股有限公司(简称：格米莱)向港交所主板递交上市申请书，中信证券为其独家保荐人。招股 书披露，格米莱是中国领先的专业咖啡机企业，产品分销至全球逾60个国家及地区，累积销量超过200万件。根据弗若斯特沙 利文，就收入而言，公司位列中国咖啡机行业第二大咖啡机品牌，亦为国内第一大咖啡机品牌，2024年的市场份额约为 7.5%。同年，就收入而言，公司位列中国半自动意式咖啡机行业第一大咖啡机品牌，市场份额约为16.0%，亦为分体式半自动 意式咖啡机行业第一大品牌，市场份额约为27.9%。 ...

智通财经APP获悉，据港交所1月29日披露，格米莱控股有限公司(简称：格米莱)向港交所主板递交上市申请书，中信证券为 其独家保荐人。招股书披露，格米莱是中国领先的专业咖啡机企业，产品分销至全球逾60个国家及地区，累积销量超过200万 件。根据弗若斯特沙利文，就收入而言，公司位列中国咖啡机行业第二大咖啡机品牌，亦为国内第一大咖啡机品牌，2024年 的市场份额约为7.5%。同年，就收入而言，公司位列中国半自动意式咖啡机行业第一大咖啡机品牌，市场份额约为16.0%，亦 为分体式半自动意式咖啡机行业第一大品牌，市场份额约为27.9%。 ...

Core Viewpoint - The article discusses the evolution, current status, and future trends of the drip coffee machine industry, highlighting the growing demand driven by consumer preferences for home brewing and the impact of technological advancements on product features and market dynamics [6][11][16]. Product Definition and Scope - Drip coffee machines are defined as classic devices that utilize gravity to filter coffee through a funnel with a filter paper and coffee grounds, making them user-friendly for the general public [2]. Types of Drip Coffee Machines - Automatic drip coffee machines offer convenience and consistency, requiring users to add water and coffee grounds, while the machine handles the rest, including heating water and brewing [4]. - Manual drip coffee machines rely entirely on user operation, requiring manual control of water temperature and pouring techniques [5]. Industry Background and Development - The drip coffee machine industry has evolved alongside global coffee culture and home appliance technology, with its origins tracing back to the early 20th century and significant advancements post-World War II [6]. - The introduction of electric drip coffee machines in the 1950s marked a turning point, leading to widespread adoption in households, particularly in the U.S. during the 1970s [6]. Current Industry Status - The industry exhibits a dual-track growth pattern, with mature markets focusing on brand premiumization and feature upgrades, while emerging markets like China and Southeast Asia experience rapid growth due to rising middle-class consumers [7]. - Key characteristics of the current market include technological micro-innovations, market segmentation, and heightened focus on environmental issues [8]. Future Trends - The industry is expected to see trends such as premiumization, smart technology integration, sustainability, and multifunctional designs that cater to diverse consumer needs [10]. - The global market for drip coffee machines is projected to reach $2.08 billion in sales by 2024, with an expected CAGR of 3.67% from 2025 to 2031 [11]. Market Opportunities and Drivers - Factors driving demand include the expansion of coffee culture, increased home and office consumption due to remote work trends, technological advancements improving user experience, and a growing emphasis on health and sustainability [17]. - The Chinese market is anticipated to grow from $206.17 million in 2024 to $285.71 million by 2031, reflecting a rising share of the global market [15]. Policy Analysis - Recent policies aim to promote smart and green home appliances, enhance after-sales service, and encourage foreign investment in advanced manufacturing, which will benefit the drip coffee machine sector [21].

Group 1: Trade Performance - Suzhou achieved a record high in foreign trade with total imports and exports reaching 1,295.88 billion yuan, a year-on-year increase of 5.7% [1] - The growth is attributed to the improvement in export product quality, rapid growth in emerging markets, and effective measures taken to stabilize orders and develop new markets [1] Group 2: Support for Enterprises - Suzhou established a "Stabilizing Foreign Trade" task force, consisting of 43 professionals from 24 departments, to provide 24-hour support for enterprises [2] - The task force has served 1,660 key enterprises, achieving a 95.2% resolution rate for their requests [2][3] Group 3: Market Expansion Initiatives - The "Hundred Groups and Thousand Enterprises Going Abroad" initiative has successfully organized nearly 20 trade delegations, helping around 300 enterprises explore new markets in Europe, the Middle East, South America, and Southeast Asia [4] - Suzhou's textile industry has also made significant strides in North Africa, securing approximately 3 million USD in intended orders during a recent trade exhibition [5] Group 4: New Business Models and Technologies - Suzhou's cross-border e-commerce imports and exports surged by 185.3% in the first half of the year, with a focus on innovative products and new technologies [7] - Key export products such as integrated circuits and lithium-ion batteries saw substantial growth, with increases of 25.3% and 44.3% respectively [7] Group 5: Innovation and Competitiveness - Companies like Kafei Mei have significantly increased their R&D investment, leading to improved product longevity and a sixfold increase in revenue since 2021 [7][8] - Fast Home Intelligent Technology secured six project orders in Saudi Arabia, demonstrating the competitive edge gained through AIoT solutions and a strong focus on innovation [8]