遇见小面烟火小面,遇见乾坤

东吴证券
Dec 10, 2025

投资要点中式面馆第一梯队,加速开店势能向上。2024年遇见小面在中式面馆/中式快餐餐厅市场份额分别为0.5%/0.14%,截至2025年11月,公司餐厅网络已包括内地22个城市的451家餐厅及香港的14家餐厅,且仍有115家新餐厅开业筹备中。2022-2024年公司营收由4.18亿元增至11.54亿元,CAGR达66%;加速扩店帮助公司实现盈利拐点,公司经调净利润由2022年的-0.36亿提升至...

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