Core Viewpoint - Green Tea Group successfully listed on the Hong Kong Stock Exchange on May 16, with an opening price of HKD 7.19 per share after five attempts since 2021 [1] Financial Performance - Revenue projections for Green Tea Group from 2022 to 2024 are approximately CNY 2.375 billion, CNY 3.589 billion, and CNY 3.838 billion respectively, with net profits of about CNY 17 million, CNY 296 million, and CNY 350 million [1][2] - The company plans to open 150, 200, and 213 new restaurants from 2025 to 2027 [2] Restaurant Expansion - As of April 14, 2025, Green Tea Group operates 489 restaurants, with half located in first-tier and new first-tier cities, and the other half in second-tier and below cities [1] - The total number of restaurants is projected to increase to 465 by the end of 2024, up from 360 in 2023 [2] Market Position - In 2024, Green Tea Group ranks third in the number of restaurants and fourth in revenue among casual Chinese restaurant brands in mainland China, holding a market share of 0.7% [1] Customer Metrics - Despite an increase in total customer reception due to the growth in restaurant numbers, key operational metrics such as same-store sales and table turnover rates are expected to decline in 2024 [3][5] - Average consumer spending is projected to decrease from CNY 61.8 in 2023 to CNY 56.2 in 2024, with table turnover rates dropping from 3.3 to 3 [3] Strategic Focus - The company is increasing its focus on delivery services, which is expected to see year-on-year growth in 2024 [5] - Funds raised from the IPO will be used to expand the restaurant network, establish central food processing facilities, and upgrade IT systems and related infrastructure [2]