Bafang Yunji made a huge profit in the first three quarters, setting a new high for the same period in the past

The board of directors of Bafang Yunji (2753), the overlord of pot stickers, today approved the third quarter financial report. Benefiting from the continuous expansion of Taiwanese dual-brand stores and the expansion of economies of scale, the third quarter consolidated revenue was 2.408 billion yuan, an increase of 9.35% from 2.202 billion yuan in the same period last year. The net profit after tax was 233 million yuan, and the earnings per share was 3.32 yuan.

The cumulative consolidated revenue for the first three quarters was 7.004 billion yuan, an increase of 7.97% from 6.488 billion yuan in the same period last year. The net profit after tax was 699 million yuan, an increase of 12.34% from 622 million yuan in the same period last year. The earnings per share was 10 yuan, higher than the 8.9 yuan in the same period last year (after retrospective adjustment of stock dividends), setting a new high for the same period in the past.

Bafang Yunji said that the continuous accumulation of store scale is the basis for revenue and profit. As of the end of October, the group's global stores reached 1,415 (1,327 in Taiwan, 71 in Hong Kong, and 17 in the United States). Taiwan's Bafang Yunji and Liang Shehan Spare Ribs increased from 1,037 and 245 to 1,061 and 260 stores respectively in the past year, with a total net increase of 39 stores.

During the same period, the overall catering market maintained moderate growth. According to statistics from the Ministry of Economic Affairs, the catering industry's turnover in the first nine months was 826.6 billion yuan, an annual increase of 4.1%. Bafang Yunji's consolidated revenue from January to September also increased by 7.97% annually, and its growth performance was better than that of the overall market.

In terms of store operation performance in the United States, the first store in Texas officially opened in Carrollton in the Dallas metropolitan area in September. The number of stores in the United States increased from 12 in the same period last year to 17, becoming a market for active development and rapid growth of the group. In the fourth quarter, dual brands launched a series of new winter products such as sesame oil chicken and pig's trotters to take over, increasing the popularity of hot food in winter.

Bafang Yunji pointed out that the fourth quarter has always been the group's traditional peak season. As the temperature turns cooler, the demand for hot food such as pot stickers, dumplings and soups will further increase; the Frisco store in Texas, USA, has entered the renovation stage and is expected to open before the end of this year, allowing the three-state layout of California, Texas, and Arizona to enter a period of substantial contribution. The Group will continue to prioritize store profitability and promote store openings, and is optimistic about the goal of setting a new record high in revenue and profit for the year.