New stock news | Meet Xiaomian at Hong Kong Stock Exchange, The number of restaurants has increased to 451.

According to the disclosure of the Hong Kong Stock Exchange on October 15, Guangzhou Meet Noodle Restaurant Group Limited (referred to as "Meet Noodle") has submitted its listing application to the main board of the Hong Kong Stock Exchange, with CMB International as the exclusive sponsor. The prospectus shows that Meet Noodle is a modern Chinese noodle restaurant operator, with its foundation built on Chongqing noodles, and has stores in mainland China and Hong Kong. As of October 8, 2025, Meet Noodle's restaurant network includes 440 restaurants in 22 cities in mainland China and 11 restaurants in the Hong Kong Special Administrative Region. In terms of the industry, according to Frost & Sullivan's data, the Chinese Chinese noodle restaurant market is expected to further accelerate growth. By 2029, the total transaction volume is expected to reach RMB 510 billion, with an annual compound growth rate of 10.9% from 2025 to 2029. In the Chinese noodle restaurant market, the total transaction volume of the Sichuan-style Chinese noodle restaurant market is expected to reach RMB 135.7 billion by 2029, with an annual compound growth rate of 13.2% from 2025 to 2029, the highest among different regional Chinese noodle restaurant markets in China. With strong growth momentum, as of October 8, 2025, Meet Noodle has 101 new restaurants in pre-opening preparations. The company's restaurants are mostly located in the eastern and southern parts of China, with over half of the restaurants located in Guangdong Province. According to Frost & Sullivan, in terms of total transaction volume in 2024, Meet Noodle is the fourth largest Chinese noodle restaurant operator in China, with a market share of 0.5%. According to the same data, based on total transaction volume in 2024, Meet Noodle ranks thirteenth in the overall Chinese fast food market, with a market share of 0.14%. During the historical period, the number of Meet Noodle's restaurants continued to increase, and its financial performance also achieved rapid growth. From the beginning of the historical period to October 8, 2025, Meet Noodle's number of restaurants increased by 239.1% to 451. In terms of finances, Meet Noodle achieved a triple jump in revenue from 4.18 billion yuan in 2022 to 11.54 billion yuan in 2024, with a high compound annual growth rate of 66.16%. In the first half of 2025, the company achieved revenue of 703 million yuan, a year-on-year increase of 33.8%, and is expected to reach a new high for the whole year. Profits also performed well, with annual profits of 45.91 million yuan, 60.7 million yuan, and 41.83 million yuan in 2023, 2024, and the first half of 2025 respectively, with profits in the first half of this year doubling year-on-year.