锅圈2025年度报告

Stock Code 年度報告2025 ANNUAL REPORT CONTENT 247121626354576117124125126127129132232 Corporate ProfileCorporate InformationDefinitionsChairperson’s StatementBusiness Review and OutlookManagement Discussion and AnalysisBiographies of Directors and Senior ManagementDirectors’ ReportCorporate Governance ReportIndependent Auditor’s ReportConsolidated Statement of Profit or LossConsolidated Statement of Comprehensive IncomeConsolidated Statement of Financial PositionConsolidated Statement of Changes in EquityConsolidated Statement of Cash FlowsNotes to Financial StatementsFinancial Summary CORPORATE PROFILE OVERVIEW We are the leading and a rapidly growing home meal productsbrand in China. We offer a variety of ready-to-eat, ready-to-heat,ready-to-cook and prepared ingredients, with a focus on at-homehotpot and barbecue products. With a carefully curated productportfolio and an extensive network of instant retail stores,we enable consumers to enjoy meals at home with tastiness,convenience and affordability. Leveraging our robust supplychain and production capabilities and a nationwide network ofretail stores, we offer a wide variety of home meal products underthe Guoquan Shihui () brand, serving diverse diningscenarios. We are devoted to developing products under our proprietarybrand name carrying the “Guoquan Shihui” logo. As the leadingone-stop home meal products brand in China, we are wellpositioned to capture the significant growth potential in China’shome meal products market. We cater to different diningscenarios underpinned by high quality food ingredients that havean immense potential for creating new and diverse products. Ourproduct portfolio comprises eight categories including hotpotproducts, barbecue products, beverages, solo-dining meals,ready-to-cook meal kits, fresh produce, western cuisines andsnacks. We have established a network of instant retail stores primarilycomprising franchised stores. Under our franchise businessmodel, we derive substantially all of our revenue from the sale ofour products to franchisees, who open and operate franchisedstores under our brand and sell our products to consumers. Wedo not charge or rely on franchise fees. APP We have also been developing online sales channels including ourGuoquan APP, WeChat mini-program as well as on popular socialcommerce platforms such as Douyin. In addition, we partner withthird-party food delivery platforms, such as Meituan and Ele.meto deliver our products to consumers. We achieve highly extensiveconsumer reach by providing both online and offline shoppingoptions. Leveraging the highly efficient management andoperation of our supply chain and our digitalized managementsystem, we are able to ensure product quality and safety, as wellas achieve high operational efficiency from food production toretail sales. CORPORATE PROFILE OUR VISION Our vision is to become the go-to brand for dining at home inChina. OUR MISSION Our mission is to source quality food ingredients globally andoffer diverse, convenient, high-quality and value-for-money homemeal products in a one-stop shop manner to meet consumers’diverse needs under different dining scenarios, from urbancenters to the most remote areas of China. CORPORATE INFORMATION BOARD Executive Directors Mr. Yang Mingchao(Chairperson of the Board and Chief Executive Officer)Mr. Meng XianjinMr. An HaoleiMs. Luo NaMs. Yang Tongyu Non-executive DirectorMr. Liu Zhengzheng Independent Non-executive Directors Mr. Zeng XiaosongMs. Yu Fang JingMr. Li JianfengMr. Shi Kangping Employee DirectorMs. Zheng Min AUDIT AND RISK MANAGEMENT COMMITTEE Mr. Shi Kangping(Chairperson)Ms. Yu Fang JingMr. Li Jianfeng REMUNERATION COMMITTEE Mr. Zeng Xiaosong(Chairperson)Mr. Shi KangpingMr. Li Jianfeng CORPORATE INFORMATION NOMINATION COMMITTEE Mr. Yang Mingchao(Chairperson)Ms. Yu Fang JingMr. Zeng Xiaosong Note: 20262122025202621220252025 The above non-employee directors were nominated as candidates for non-employeedirectors of the second session of the Board of the Company at the Company’sBoard meeting on 12 February 2026. The appointment of the director candidatesshall be subject to the approval of the Company’s shareholders at the 2025 annualgeneral meeting. Ms. Zheng Min was elected as an employee director at a meetingof employee representatives of the Company held on 12 February 2026, and she will,together with the directors elected by the 2025 annual general meeting, form thesecond session of the Board. The term of office of the second session of the Boardshall be three years commencing from the date of the passing of their election at the2025 annual general meeting, and they may be re-elected upon the expiry of theirterm of office. JOINT COMPANY SECRETARIES Mr. Wang HuiMr. LAM Kang Chi AUTHORIZED REPRESENTATIVES Mr. An HaoleiMr. LAM Kang Chi AUDITOR 97927 Ernst & YoungCertified Public AccountantsRegistered Public Interest Entity Auditor27/F, One Taikoo Place979 King’s Road, Quarry