锅圈:连锁化过万店 探索全供应链新模式

国信证券
Oct 27, 2025

锅圈是中国在家吃饭餐食产品的领军品牌。锅圈提供即食、即热、即煮及即配食材,覆盖火锅、烧烤、饮品等八大品类,通过全国加盟门店网络实现零售,截至2024 年门店数量达10150 家。公司收入主要来源于向加盟商销售产品,2024 年收入64.7 亿元,其中加盟商收入占比84%。盈利能力方面持续企稳,毛利率稳定在22%左右,2024 年净利率3.6%。在家吃饭餐食产品高增长,市场格局分散。中国在家吃饭市场...

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