Reported 8 months ago
Yang Qin (2755) held a corporate briefing where General Manager Lin Liling stated that the company achieved all-time high Q1 consolidated revenue, operating profit, net profit after tax, and EPS compared to previous years. The main brands under Yang Qin, such as 'Maiweiden' and 'Fried Chicken Lion,' performed well despite the off-season for breakfast chains, attributing the success to the expansion of operations, robust sales, easing domestic inflation pressures, and market recovery. In addition to impressive revenue performance, Yang Qin ranked in the top 5% for the 10th Corporate Governance Evaluation and top 1% in the category of companies with a market value below 5 billion, making them a leader in the listed catering industry. The company's focus on sustainability was showcased through initiatives like using Rainforest Alliance certified products. 'Fried Chicken Lion' is rapidly expanding in Indonesia and Malaysia, with plans for stores in the US. The new hot pot brand 'Shuanjinguo' is set to open 5 stores this year, initially targeting the Taoyuan area and then expanding to New Taipei and Taipei. 'Maiweiden' has 861 stores in Taiwan and aims for a thousand stores this year. Overall, Yang Qin's franchise system is expanding with a multi-brand store strategy.
Source: YAHOO