Food-KY's profits surged 74% thanks to the US market, but revenue declined

Food-KY made a fortune from the United States. (File photo)

[Reporter Gao Jiahe/Taipei Report] After the catering industry experienced retaliatory consumption after the epidemic, its growth has significantly slowed down. In the past two years, AI has been booming, Taiwan stocks have surged, and the wealth effect has not extended to the catering market. However, there are three catering stocks in the Taiwan stock market that have continued to surge in profits. One of them has experienced a decline in revenue but a surge in profits, which is because it relied on the United States to make a fortune.

Wangpin focuses on Taiwan’s home court and profits surge by 24%

According to the financial report for the first half of 2026, Wangpin’s consolidated revenue reached 12.917 billion yuan, continuing to grow from 11.434 billion yuan in the same period last year; net profit even reached 825 million yuan, a significant increase of about 24% from 664 million yuan in the same period last year.

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The core engine of Wangpin's growth is definitely "Taiwan's home court". The Taiwan market contributed a revenue of 10.469 billion yuan in the first half of the year and created a profit of 968 million yuan; compared to the Chinese market, which only contributed 2.448 billion yuan in revenue and recognized a profit of 70 million yuan, Taiwan's home court has become Wangpin's strongest backing.

Nangang stronghold shows its strength, Hi-Lai's three pillars take shape

Hi-Lai Food's revenue in the first half of this year reached 3.675 billion yuan, an annual increase of more than 16%; net profit reached 389 million yuan, a surge of nearly 50% from 259 million yuan in the same period last year. Earnings per share (EPS) soared from 6.15 yuan to 9.21 yuan, showing amazing growth.

The operational explosion is attributed to the new stronghold of "Taipei Nangang". The financial report shows that in the first half of the year, the "Taipei Nangang Branch" alone generated revenue of 1.01 billion yuan, investing 114 million yuan in departmental benefits. It has become the three pillars of Hi-Lai's revenue along with the Arena Branch and Kaohsiung Branch.

Food-KY's profits increased by more than 70%, and the United States made a fortune

Faced with the involution of China’s catering market and consumption downgrade, Food-KY decided to “go to China and the United States”. The financial report for the first half of this year shows that although Gourmet-KY's combined revenue of 8.259 billion yuan declined from 9.453 billion yuan in the same period last year, the net profit attributable to the owners of the parent company reached 574 million yuan, a surge of nearly 74% from 329 million yuan in the same period last year.

Food-KY even relied on the United States to make a fortune. In the first half of 2026, Food-KY's revenue from the "United States" reached 4.619 billion yuan, not only far behind China's 2 billion yuan and Taiwan's 1.614 billion yuan, but the single market share of the United States also exceeded 55% of the group's total revenue.

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