Sanneng Group’s EPS increased by 34% in the first three quarters On the 30th, it participated in a joint legal conference with Xinmai and Demai

Sanneng Group (6671) announced its financial report for the first three quarters of 2023, with consolidated revenue of NT$1.404 billion, an increase of 2.55% over the same period last year, and earnings per share of 2.13 yuan in the first three quarters, a significant increase of 33.96% over the same period last year. This was mainly due to the increase in gross profit margin to 38.11% in the first three quarters of 2023, an increase of 2.19% over the same period last year, mainly due to the stable cost of raw materials and the improvement of product production procedures, coupled with the proper control of operating expenses, which led to a significant increase in the Group’s overall profit. In addition, from February to October 2023, revenue has increased for 9 consecutive months compared with the same period last year, and looking forward to 2024, we hope to continue to grow on the basis of 2023.

Sanneng Group is expected to be invited to participate in the corporate information conference of “Xinmai, Sanneng and Demai” held by Fubon Securities at the Taipei Maya Convention Center on November 30, Xinmai Enterprise (1580), Demai Food (1264) and Sanneng Group (6671) are listed companies in the bakery industry and are also leading brands in Taiwan and Chinese mainland markets. With the theme of “Embracing New Opportunities for Bakery Consumption and Creating New Value for Enterprises – Based in Taiwan, Deeply Cultivating Asia, and Looking Globally”, the conference will not only summarize the overall environment in 2023, but also put forward an outlook for the Asian market prospects of the bakery industry in 2024.

In response to the sustainable development of ESG, Sanneng Group develops plastic-reducing products and antibacterial products, and uses recycled materials such as wood fiber powder and oyster shell powder to add to plastic products, reducing the use of plastic materials and reducing carbon emissions. Sanneng Group hopes to apply the 40 years of emphasis on the safety and hygiene of baking and food utensils to SANNENG Outdoor, re-examine the lifestyle of symbiosis between man and nature, and hope to move from the foundation of bakery appliance manufacturing to camping and outdoor recreation related products, and create a new industrial development goal.

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