Hong Kong Stocks Movement | "China's First Noodle Chain IPO" XIAO NOODLES (02408) Rises Over 6% Against Market Trend, Set to Open First Overseas Store in Singapore by End of Month

Stock News12-09

XIAO NOODLES (02408), known as "China's first noodle chain IPO," surged over 6% against the market trend. At the time of writing, the stock was up 5.92% to HK$5.19, with a turnover of HK$10.077 million.

On December 5, XIAO NOODLES Chairman Song Qi announced during the listing ceremony that the company will open its first overseas store in Singapore by the end of this month, marking a step toward international expansion. Currently, the company operates nearly 500 outlets across 22 cities in China and Hong Kong.

XIAO NOODLES has rapidly expanded over the past three years, growing from 133 stores in 2022 to 465 stores. Additionally, 115 new stores are in preparation, with the total number of restaurants expected to exceed 500 by 2025.

According to the company's latest plan, between 2026 and 2028, XIAO NOODLES aims to add 520 to 610 new stores, focusing on lower-tier cities and overseas markets.

Its IPO prospectus shows that revenue grew from RMB 418 million in 2022 to RMB 1.154 billion in 2024, achieving a compound annual growth rate of 66.2%. In the first half of 2025, adjusted net profit reached RMB 52.175 million, up 131.56% year-on-year. Despite intensified competition in the F&B sector, the company has demonstrated improved profitability and operational efficiency.

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