HuaYuan Securities: Initiate coverage on Xiaocaiyuan (00999.HK) with a "buy" rating, the leader of popular and convenient dining industry.

According to the Intelligence Financial APP, Huayuan Securities released a research report stating that Xiaocaiyuan (00999.HK) is a leading domestic fast-growing mass-market Chinese casual dining leader. Since its establishment in 2013, it has upheld the taste of mothers and affordable prices to provide customers with green, healthy, and nourishing dishes, as well as high-quality service. By the end of 2024, Xiaocaiyuan successfully listed on the Hong Kong Stock Exchange. Xiaocaiyuan binds core employees with equity; the management team has rich industry experience and a mature internal training system. First coverage, with a "buy" rating.