Guming Holdings Limited
1364 · XHKG · Restaurants · China
Guming Holdings Limited is a holding company primarily engaged in the production and sale of ready-made beverages through its Good me brand. Founded in 2010 by Wang Yun'an and headquartered in Hangzhou, Zhejiang Province, China, the company operates a franchise model, focusing on lower-tier cities in the domestic market. It offers a diverse range of beverages, including fruit tea drinks, milk tea, coffee, and others, supported by a robust cold chain logistics system for fresh ingredient delivery. With approximately 2,710 employees and nearly 9,800 outlets nationwide as of late 2024, Guming Holdings has established itself as one of China's largest bubble tea chains, second only to Mixue Ice Cream & Tea in sales and store count. The company emphasizes cost-effective store designs, consistent branding with bright lighting, and rapid expansion, reaching significant scale by developing accessible markets. Listed on the Hong Kong Stock Exchange following its February 2025 IPO, which raised about US$233 million, Guming Holdings plays a key role in the competitive ready-to-drink tea sector, catering to consumer demand for affordable, freshly made beverages.
Industry
Restaurants
Consumer Cyclical sector · China
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This company does not currently pay dividends.
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Supply Chain
Seafood Supply Chain
The seafood supply chain is shaped by three root constraints: wild catch uncertainty where ocean fisheries are biological systems whose yields depend on weather, migration patterns, and stock health — none of which are controllable; extreme perishability where seafood degrades faster than almost any other protein and the cold chain must begin on the vessel and cannot be interrupted; and traceability gaps where seafood passes through auctions, processors, and distributors across multiple countries, making origin verification structurally difficult.
Coffee Supply Chain
The coffee supply chain moves beans, roasted coffee, and espresso from tropical farms to global consumers, shaped by three root constraints: coffee trees take years to mature and produce one harvest annually, roasted coffee degrades in weeks while green beans store for months, and production is concentrated in the tropical belt while consumption is concentrated outside it.
Beef Supply Chain
The beef supply chain is shaped by three root constraints: a biological growth cycle that delays production response by 18 to 24 months, a cold chain dependency that requires unbroken refrigeration from slaughter through retail, and processing concentration where four companies handle roughly 85% of US beef — a structure driven by the capital intensity and regulatory burden of large-scale slaughter facilities.