Gu Ming submitted a listing application to the Hong Kong Stock Exchange: revenue in the first three quarters was 5.571 billion yuan

According to news on January 2, Guming Holdings Co., Ltd. (hereinafter referred to as "Guming") submitted a prospectus to the Hong Kong Stock Exchange, and the sponsors were Goldman Sachs and UBS. The prospectus shows that as of the end of 2023, Guming has more than 9,000 stores. In 2023, Guming stores sold 1.2 billion cups of ready-made drinks, and GMV (merchandise sales) exceeded 19.2 billion yuan.

In terms of revenue and profit, the prospectus shows that in the first three quarters of 2023, Guming’s revenue was 5.571 billion yuan, a year-on-year increase of 33.9%, and the adjusted profit (non-IFRS measurement) was 1.045 billion yuan. For the whole year of 2022, Guming’s revenue was 5.559 billion yuan, and its adjusted profit was 788 million yuan.

Previously, Guming received investments from Meituan Longzhu, Sequoia, Koutou Capital and Abbeay Street in 2020.