70倍市盈率下的泡沫破裂:遇见小面上市折戟,中式面馆的故事还有谁在听?

美新记
Dec 12, 2025

中式面馆赛道在沉寂许久后,终于等来了一个标志性事件,却未能等来一场预期的狂欢。12月5日,遇见小面正式在港交所挂牌上市,顶着“中式面馆第一股”的光环,却遭遇了资本市场的当头棒喝。上市首日,公司股价即告破发,跌幅接近29%,截至目前股价仍徘徊在5港元左右。对于一家市盈率高达近70倍的餐饮企业而言,这一结果或许并不令人意外,却足够残酷。它不仅戳破了单一品牌的高估值幻象,更将整个中式面馆赛道从“资本神坛...

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