[Financial News Express/reported by reporter Liu Juquan] Nanqiao Investment Holdings (1702)'s subsidiary Royal Coca-Cola (7791) will be listed on the Emerging Stock Exchange on November 26. A pre-Emerging Stock Exchange legal person briefing was held today (20). Royal Coca-Cola Chairman Zhou Mingfen said that Royal Coca-Cola adheres to integrity and sustainable management, and the core competitiveness of Royal Coca-Cola lies in its insight into and grasp of market consumption trends, continuous high-level R&D and innovation capabilities, while establishing product differentiation, maintaining quality stability and being good at marketing to create comprehensive and integrated benefits. Royal Coca-Cola mainly engages in the research and development, manufacturing and sales of ice cream and frozen noodles. Last year, the revenue of the two major engines of ice cream and frozen noodles reached 2.18 billion yuan, both setting new operating highs. In the first half of this year, the revenue of ice cream and frozen noodles reached 1.255 billion, an increase of more than 16% year-on-year.
Last year, Royal Coca-Cola had consolidated revenue of 3.031 billion yuan, net profit after tax of 357 million yuan, and earnings per share (EPS) of 3.66 yuan. In the first half of this year, it had consolidated revenue of 1.321 billion yuan, net profit after tax of 236 million yuan, and earnings per share (EPS) of 3.33 yuan. The profit in the first half of this year has reached last year's profit of 66.7%. As for last year and the first half of the year, the gross profit margin was approximately 36%.
Zhou Mingfen said that Royal Coca-Cola currently has more than 25,000 B2B (business-to-business) customer locations and 15,500 B2C (business-to-consumer) sales locations.
Zhou Mingfen said that Royal Coca-Cola's ice cream business has a comprehensive product range. It continues to invest in the brand every year to deepen its market penetration, effectively build a high entry barrier for products, and strengthen the brand's asset advantages to create an operating model and product strength that are ahead of its peers. In recent years, the operating efficiency of the ice cream business has also been improved simultaneously. Its products include the Mineral Pie Ice Cream, Du Laoye Ice Cream Cone, Du Laoye Ice Cream, and Lover's Fruit Crisp Popsicles, which are all well-known and evergreen best-selling products. This year, new products such as Du Laoye Golden Sand Salted Egg Yolk Ice Cream and Blueberry Yogurt Ice Cream were launched, which successfully injected vitality into the brand.
As of the end of October this year, 102 new flavors of ice cream products were launched in the Taiwan ice cream market, and Nanqiao stood out among them. In addition, in addition to cooperating with convenience stores, soft serve ice cream is also the first choice of soft serve ice cream products for many catering operators.
In addition to continuous improvement in ice products, Royal Coca-Cola started its second growth curve of development and operation in 1998 - quick-frozen cooked noodles. It invested hundreds of millions of yuan to introduce the world's most advanced equipment and technology. The noodles are frozen and preserved at the moment they are cooked to the best taste. They can be eaten without thawing and only need to be heated for 30 seconds to restore the freshly cooked taste. It has built a high-threshold business strategy in the niche market and is ahead of its peers.
Zhou Mingfen pointed out that the company currently has more than 25,000 B2B customers in the catering channel for frozen noodles, and more than 12,000 B2C sales outlets. The Zhongli plant currently has two production lines. In response to increasing market demand, a third production line is being planned and is expected to be put into production in the third quarter of 2025.
Zhou Mingfen said that Royal Coca-Cola has been continuously creating benefits for B2B customers over the years, bringing positive effects, and has been able to insist on making consumers recognize the quality and continue to feel the freshness of the products, making the products evergreen and successfully gaining a foothold in the market.
Zhou Mingfen said that Royal Coca-Cola has a complete and diverse range of frozen noodles, adheres to food safety and health, has stable and consistent quality, the noodles are chewy and delicious, easy to operate, and can be served quickly. Whether the business operator is opening a chain store or a special theme restaurant, it is the best choice, providing customer solutions in all aspects to meet consumer customer needs and services. Whether in the ready-to-eat market or the trend of healthy and safe cooking at home, the catering industry is facing increased costs for opening stores, a shortage of catering manpower, etc. The use of a series of frozen cooked noodles products is the best solution, bringing huge business opportunities to catering operators.
