Guming Holdings Limited (AY3)

Profile

https://www.gumingnc.com

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.