Cold Chain Logistics Cost Analysis Report for Yuanji Dumplings

Based on my inquiry, no specific amount data has been found regarding the cold chain logistics costs of Yuanji Dumplings. This may be an undisclosed internal operational detail of the enterprise. However, I can provide you with relevant information about its cold chain logistics system:

According to public information [1][2][3], Yuanji Dumplings has established a complete cold chain logistics network:

Based on prospectus data [4]:

• Raw material costs
  account for
  85.9%-87.5%
  of total sales costs, which is the largest cost item
• The company’s overall
  gross profit margin is approximately 24.7%
• Revenue in the first three quarters of 2025 was 1.982 billion yuan, with adjusted net profit of 192 million yuan

1. Full-process temperature control
   : Covers the entire process from central factory → warehousing → store distribution
2. Self-operation + third-party cooperation
   : Operates all warehouses independently, and cooperates with third parties to establish front warehouses
3. High-density warehousing network
   : Supports the rapid expansion of 4,266 stores

Yuanji Dumplings has not separately disclosed specific amount data of cold chain logistics costs. As an enterprise adopting the “manufacturing-type catering” model, its cold chain costs may be included in raw material procurement, production costs or sales costs, which are difficult to separate individually.

1. Pay attention to the complete financial disclosure in the Hong Kong IPO prospectus of Yuanji Foods
2. Contact the company’s investor relations department directly for consultation
3. Consult professional analysis reports from catering supply chain research institutions

[1] The Paper - “Post-90s PE Student Sells Dumplings, Generating Over 6 Billion Yuan in GMV Annually” (https://m.thepaper.cn/newsDetail_forward_32385177)
[2] Economic Information Daily - “Yuanji Foods Races for Hong Kong IPO” (http://jjckb.xinhuanet.com/20260112/37a6fdf39f3e46e795adc38a3de17db5/c.html)
[3] 36Kr - “Post-90s PE Student Sells Dumplings, Generating Over 6 Billion Yuan in GMV Annually” (https://m.36kr.com/p/3639279313269512)
[4] Sina Finance - “Chinese Fast Food ‘Dumpling King’ Yuanji Foods Races for Hong Kong IPO” (https://finance.sina.com.cn/roll/2026-01-14/doc-inhhfrst6711251.shtml)