Reported 11 months ago
Chairman Ye Guanting of Golden Three Mugs announced plans to launch new business projects in the second half of 2024 to expand operations. The chain restaurant group Golden Three Mugs debuted on the OTC market with a reference price of 168 yuan per share on June 26, surging 28.08% to 208 yuan at opening, and further climbing to 334.5 yuan, nearly doubling and becoming the sole tourism stock with a price over 300 yuan, surpassing competitors like Doufu, Wang Pin, Wa Cheng, and Jinhua to crown the stock king. With strong post-pandemic restaurant market recovery and internal resource integration, the company saw a 30% revenue increase and 90% net profit increase last year, boasting an EPS of 10.54 yuan and leading in profitability within the restaurant group. Despite AI's influence on the market, Golden Three Mugs attracted attention with its significant price surge on its debut OTC trading day, only trading 167 shares but standing out due to its established brand, strong revenue, high liquor margins, and room for imagination.
Source: YAHOO