New stock news | Lipton Group successfully listed on the Hong Kong Stock Exchange and opened 120 new restaurants last year.

According to the disclosure on April 23 by the Hong Kong Stock Exchange, Green Tea Group Limited (hereinafter referred to as "Green Tea Group") has conducted a hearing for listing on the main board of the Hong Kong Stock Exchange, with Citigroup and CLSA acting as its joint sponsors. According to the prospectus, Green Tea Group is a well-known operator of leisure Chinese-style restaurants in mainland China. The group opened its first Green Tea restaurant by the beautiful West Lake in Hangzhou in 2008, and established a nationwide network of restaurants. As of the latest feasible date (April 14, 2025), the group's restaurant network includes 489 restaurants, covering 21 provinces, four municipalities, and two autonomous regions in mainland China, as well as the Hong Kong Special Administrative Region. According to the consultancy report, in 2024, Green Tea Group ranked third in terms of the number of Chinese-style restaurants in mainland China, and fourth in terms of revenue. The leisure Chinese-style restaurant market is highly fragmented with numerous market participants, and the group held a market share of 0.7% in 2024. Additionally, according to the consultancy report, the average consumer spending in leisure Chinese-style restaurants ranges from RMB 50 to RMB 100. The restaurant network of Green Tea Group experienced significant growth during the past performance period. The total number of restaurants in the group increased from 276 as of December 31, 2022 to 465 as of December 31, 2024, with a compound annual growth rate of 29.8%. As of the latest feasible date, the number of operating restaurants in the group further increased to 489. The group's restaurants are typically located inside shopping malls. In 2024, Green Tea Group opened 120 new restaurants, and plans to open 150, 200, and 213 new restaurants in 2025, 2026, and 2027 respectively. As of the latest feasible date, 27 restaurants have started operations, lease agreements have been signed for the remaining 21 restaurants scheduled to open in 2025, and 13 restaurants are under renovation. As of the latest feasible date, lease terms have commenced for 14 of the 21 restaurants for which lease agreements have been signed, while lease terms for seven restaurants have not yet commenced. In terms of finances, Green Tea Group's revenue was approximately RMB 2.375 billion, RMB 3.589 billion, and RMB 3.838 billion in the years 2022, 2023, and 2024, respectively. During the same periods, the company's annual profit was approximately RMB 17 million, RMB 296 million, and RMB 350 million.