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Baonu Hotpot Files for Hong Kong IPO for Third Time; FY2025 Revenue Hits 2.846 Billion Yuan

2026-06-24 02:46:32

According to financial reports, Baonu International Holdings recently submitted a listing application to the Hong Kong Stock Exchange, marking its third IPO attempt. The hotpot chain reported FY2025 revenue of 2.846 billion yuan with net profit of 206 million yuan, up 23.4% and 67% year-on-year respectively. As of the latest reportable date, the company operates 200 wholly-owned restaurants across 14 provinces, supported by 5 central kitchens and 1 sauce processing facility. The company maintains a direct-operation model to ensure product consistency and food safety standards.

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