日月星尘
02-21
蜜雪冰城
@日月星尘:
蜜雪冰城之个人见解
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flex-direction: column; align-items: center;\"><img src=\"https://static.tigerbbs.com/450dd9bbcd6db63dd9f840499460d45d\" tg-width=\"649\" tg-height=\"385\"><span class=\"focused\">机构</span></p>\n<p class=\"t-img-caption\" style=\"display: flex; flex-direction: column; align-items: center;\"><img src=\"https://static.tigerbbs.com/8adf73877e32cf0394d9966198246f9b\" tg-width=\"820\" tg-height=\"283\"><span class=\"focused\">用途</span></p>\n<p class=\"t-img-caption\" style=\"display: flex; flex-direction: column; align-items: center;\"><img src=\"https://static.tigerbbs.com/51edede2d2a728bf06d31adb8e752bf0\" tg-width=\"872\" tg-height=\"334\"><span></span></p>\n<p class=\"t-img-caption\" style=\"display: flex; flex-direction: column; align-items: center;\"><img src=\"https://static.tigerbbs.com/33e41d085e3fd19bc2814e562695d828\" tg-width=\"816\" tg-height=\"193\"><span class=\"focused\">现金</span></p>\n<p>宝子们,2025 刚开年,餐饮连锁企业就扎堆冲刺港股,蜜雪冰城也在其中📈 这已经是它第三次冲击 IPO 啦,可你知道吗,它明明不差钱!</p>\n<p>从招股书来看,2021 - 2023 年以及 2024 年前 9 个月,蜜雪冰城营收和净利润一路狂飙🚀 2024 年 9 月末账上趴着近 60 亿现金,资产负债率低至 24%,杠杆率更是只有 0.03%。那它为啥还执着上市?大概率是背后的资本想退出,像美团系基金、高瓴资本这些大佬都等着呢💰</p>\n<p>再说说加盟这块,蜜雪冰城的模式是靠向加盟商卖物料和设备赚钱。这几年门店扩张超猛,从 2 万多家涨到 4.5 万多家,但单店日均销售额增长却不给力了。2022 年开业的店,2024 年前 9 月日均零售额相比 2023 年只增长约 2%;2023 年开业的店,增速也才 5%,和蜜雪冰城自身营收高两位数增长形成鲜明对比,加盟商想赚钱越来越难了😔</p>\n<p>还有食品安全问题,真的是蜜雪冰城的大 bug。在黑猫投诉平台上,2022 年 9 月投诉量 4000 多条,到 2025 年 1 月已经暴增到 8500 多条,大多都是和食品安全有关,喝出异物的情况特别多,苍蝇、石头子、蚂蚁都有,看得人头皮发麻😖 蜜雪冰城自己也在招股书里承认这是个大风险。</p>\n<p>所以啊,打算加盟蜜雪冰城的宝子们,一定要慎重再慎重,多做调研,别盲目跟风!要是有宝子对蜜雪冰城上市或者加盟有啥想法,欢迎在评论区一起讨论👇</p>\n<p>#蜜雪冰城 #蜜雪冰城上市 #加盟创业 #食品安全</p></body></html>","text":"机构 用途 现金 宝子们,2025 刚开年,餐饮连锁企业就扎堆冲刺港股,蜜雪冰城也在其中📈 这已经是它第三次冲击 IPO 啦,可你知道吗,它明明不差钱! 从招股书来看,2021 - 2023 年以及 2024 年前 9 个月,蜜雪冰城营收和净利润一路狂飙🚀 2024 年 9 月末账上趴着近 60 亿现金,资产负债率低至 24%,杠杆率更是只有 0.03%。那它为啥还执着上市?大概率是背后的资本想退出,像美团系基金、高瓴资本这些大佬都等着呢💰 再说说加盟这块,蜜雪冰城的模式是靠向加盟商卖物料和设备赚钱。这几年门店扩张超猛,从 2 万多家涨到 4.5 万多家,但单店日均销售额增长却不给力了。2022 年开业的店,2024 年前 9 月日均零售额相比 2023 年只增长约 2%;2023 年开业的店,增速也才 5%,和蜜雪冰城自身营收高两位数增长形成鲜明对比,加盟商想赚钱越来越难了😔 还有食品安全问题,真的是蜜雪冰城的大 bug。在黑猫投诉平台上,2022 年 9 月投诉量 4000 多条,到 2025 年 1 月已经暴增到 8500 多条,大多都是和食品安全有关,喝出异物的情况特别多,苍蝇、石头子、蚂蚁都有,看得人头皮发麻😖 蜜雪冰城自己也在招股书里承认这是个大风险。 所以啊,打算加盟蜜雪冰城的宝子们,一定要慎重再慎重,多做调研,别盲目跟风!要是有宝子对蜜雪冰城上市或者加盟有啥想法,欢迎在评论区一起讨论👇 #蜜雪冰城 #蜜雪冰城上市 #加盟创业 #食品安全","highlighted":1,"essential":1,"paper":2,"link":"https://laohu8.com/post/405817023049984","repostId":0,"isVote":1,"tweetType":1,"commentLimit":10,"symbols":["02097"],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":1033,"optionInvolvedFlag":false,"xxTargetLangEnum":"ZH_CN"},"isVote":1,"tweetType":1,"viewCount":1040,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":8,"optionInvolvedFlag":false,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/405815967634048"}
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