Asia Tibetan Sushi’s profit in the first three quarters increased by 93.26% year-on-year, earning 3.61 yuan per share

Asia Tibetan Sushi (2754) announced today that its third-quarter revenue was 1.583 billion yuan, an annual increase of 1.79%, a new high for the same period. After-tax net profit was 45 million yuan, an annual decrease of 25.2%, and earnings per share was 1.01 yuan.

The cumulative consolidated revenue in the first three quarters was 4.573 billion yuan, an annual increase of 5.73%; the after-tax net profit was 167 million yuan, an annual increase of 93.26%, and the earnings per share was 3.61 yuan.

Asia Tibetan Sushi said that due to the typhoon holiday in July and the heavy rain holiday in August, the number of business days was reduced, and its revenue in the third quarter only increased slightly by 1.79%. Factors for the decline in profits mainly come from the impact of inflation, rising raw material prices, and high wage costs, which eroded gross profit in the third quarter.

Thanks to the success of new products and co-branded IP big-eared dogs, the revenue in October was 493 million yuan, an annual increase of 3.26%, a new high for the same period. The cumulative revenue from January to October was 5.066 billion yuan, an annual increase of 5.53%, a new high.

Looking forward to the fourth quarter, we are entering the peak season for catering consumption, welcoming business opportunities such as department store anniversaries, Christmas, and year-end dinner parties, which are expected to drive the number of customers, and we are optimistic about store revenue performance.

The fifth store in Tainan, "Tainan Nanke Store", is about to open. It will enter the most densely populated consumer circle in Nanke and expand the scope of brand services, which is expected to inject new momentum into the operation. Currently there are 64 stores in Taiwan.