受惠于中式融合菜灵活多变的特色，集团能够不断推出新的人气菜品，以紧贴最新饮食潮流，令顾客热 衷光顾集团的餐厅。集团按照食品安全、食材稳定供应及标准化的可行性这些原则来研发菜单。于报告 期内，集团合共推出305道新菜品。 展望未来，集团致力于巩固其在休闲中式餐厅市场的领导地位，并透过持续精研菜单、提升服务质素以 及严格的食品安全控制，以建构差异化的声誉护城河。为推动可持续增长，集团将稳步推进网络扩展策 略、深化现有市场的渗透，并探索新兴潜在市场。同时，集团将继续加强供应链优化，并持续投资于技 术及数位营销，以科技为核心，推动集团的标准化及具规模的扩展。集团相信，此一体化的营运模式将 推动集团发展成为一家具规模竞争力及可持续创造价值的现代餐饮企业。 于报告期内，集团主要专注于在三大地区建立公司的市场地位，即华东、广东省及华北，均是中国内地 的主要经济中心。截至2025年6月30日，集团的餐厅网络由502家餐厅组成，覆盖香港特别行政区以及中 国所有一线城市、15个新一线城市、31个二线城市及91个三线及以下城市。 集团主要通过中国三家大型第三方线上餐饮配送平台进行外卖业务。于报告期内，集团在策略上更为专 注于外卖业 ...

集团主要通过中国三家大型第三方线上餐饮配送平台进行外卖业务。于报告期内，集团在策略上更为专 注于外卖业务，因此外卖业务收入由截至2024年6月30日止六个月的人民币301.0百万元增加74.2%至 2025年同期的人民币524.2百万元。截至2025年6月30日止六个月，外卖业务收入占集团总收入的 22.9%，显示外卖业务仍有很大增长空间。 受惠于中式融合菜灵活多变的特色，集团能够不断推出新的人气菜品，以紧贴最新饮食潮流，令顾客热 衷光顾集团的餐厅。集团按照食品安全、食材稳定供应及标准化的可行性这些原则来研发菜单。于报告 期内，集团合共推出305道新菜品。 展望未来，集团致力于巩固其在休闲中式餐厅市场的领导地位，并透过持续精研菜单、提升服务质素以 及严格的食品安全控制，以建构差异化的声誉护城河。为推动可持续增长，集团将稳步推进网络扩展策 略、深化现有市场的渗透，并探索新兴潜在市场。同时，集团将继续加强供应链优化，并持续投资于技 术及数位营销，以科技为核心，推动集团的标准化及具规模的扩展。集团相信，此一体化的营运模式将 推动集团发展成为一家具规模竞争力及可持续创造价值的现代餐饮企业。 格隆汇8月25日丨绿茶集团 ...

Core Viewpoint - Green Tea Group officially listed on the Hong Kong Stock Exchange on May 16, 2024, after four years and five attempts, with an initial share price of HKD 7.19, closing at HKD 6.29 on the first day, a decline of 12.52% and a market capitalization of HKD 4.236 billion [1][4]. Company Overview - Green Tea Group originated from a youth hostel in Hangzhou, where the founders developed fusion dishes that became popular among travelers. The first Green Tea restaurant opened in 2008, focusing on high-value Chinese fusion cuisine [4]. - The company has faced challenges in its IPO journey, submitting its application in March 2021 and experiencing multiple re-submissions and hearing approvals before finally listing [4]. Financial Performance - For the fiscal year 2024, Green Tea reported revenue of RMB 3.838 billion, a year-on-year increase of 6.94%, and a net profit of RMB 350 million, up 18.24% [6]. - In comparison, another Chinese restaurant chain, Little Garden, achieved revenue of RMB 5.210 billion, a 14.52% increase, and a net profit of RMB 581 million, a 9.13% increase for the same period [6]. Market Presence - As of the end of 2024, Green Tea operated 465 restaurants, with a net increase of 105 locations. In contrast, Little Garden had 667 locations, with a net increase of 131 [6]. - The company has accelerated its restaurant openings over the past three years, with 120 new openings in 2024, despite a rise in closures [7]. Operational Challenges - Green Tea experienced declines in key operational metrics in 2024, including a drop in table turnover rate from 3.30 to 3.00 times per day and a decrease in same-store sales growth rate to -10.3% [7]. - The average customer spending has also decreased over the past three years, from RMB 62.9 in 2022 to RMB 56.2 in 2024, attributed to changing consumer behavior in the current economic environment [7]. Regional Revenue Breakdown - Revenue from different regions showed mixed results in 2024, with East China and other regions seeing increases, while revenue from Guangdong and North China declined [8]. - Specifically, East China revenue grew by 13.36% to RMB 1.108 billion, while Guangdong revenue fell by 6.38% to RMB 763 million, and North China revenue decreased by 11.44% to RMB 627 million [8][9].