Reported 8 months ago
Zhu Build (7723), a Taiwanese hotpot chain brand, held its shareholders' meeting on June 17th, 2024, and successfully passed the application for listing. The company achieved record-high consolidated revenue of NT$5.63 billion, operating profit of NT$508 million, and attributable net profit after tax of NT$355 million in 2023, with growth rates of 32.69%, 40.81%, and 30.52% respectively. Due to the increased capital from the opening of new stocks, the earnings per share (EPS) was NT$8.61, leading to a total annual excessive dividend of NT$9.5 per share, with a distribution rate of 110.34%. The shareholders' meeting also approved the application for listing, cash capital increase to issue new shares, and reserved 10-15% for employees to subscribe. Chairman Lin Kaijie stated that new product development, store expansion, and store renovation plans have significantly boosted revenue growth, with plans to continue expanding the brand and opening over 20 new stores in Taiwan and actively expanding overseas in Hong Kong, Japan, and Southeast Asia, aiming to add momentum to performance.
Source: YAHOO