Sanneng Group (Sanneng – KY; 6671) announced its financial report for last year (2024), with annual revenue of 2.039 billion yuan, an annual growth of more than 7%, breaking through the revenue target of 2 billion yuan again since 2021; Net profit after tax was 193 million yuan, an annual increase of 9.66%, and earnings per share were 3.18 yuan, an increase of more than 10% over 2023, achieving both revenue and profit growth. Sanneng pointed out that in 2024, the cross-strait baking market will still be limited by the stagnation of general distributors, and the group will still achieve the revenue growth target by relying on the development of industrial customers and the breakthrough of the Japanese market. Sanneng also announced the distribution of dividends of 2.6 yuan per share, with a dividend payment rate of more than 80%, and a yield of more than 6% based on the closing price of 42.9 yuan on the 12th.
From March 14th to March 17th, Sanneng Group participated in the “2025 Taipei International Baking & Equipment Exhibition” at the Taipei Nangang Exhibition Center, continuing the highlights of the group in the Taipei Baking Exhibition. In addition, Chef Han Sang-baek, the manager of “Hans Dream Bakery” in Gyeongsangbuk-do, South Korea, will be specially invited to perform at the exhibition, reflecting the group’s purpose of “improving Asian baking technology and jointly creating a baking ecosystem”.
In addition to the Taipei Baking Exhibition, Sanneng Group will also actively promote the new outdoor products brand “SANNENG OUTDOOR”, and will participate in the “2025 Viva La Campo International Campo International Camping Exhibition” held at Huazhong Campground in Taipei from March 14 to March 16, with more than 40 years of experience in metal manufacturing and surface treatment, cutting into the related cooking utensils, cups and plates, tables and chairs, lamps and other products required for camping, and opening up a new market with the brand concept of “Everywhere is home”. We hope to expand more business opportunities outside the baking market.
In addition, in April, Sanneng Group will also participate in the “2025 KIBA Korea International Bakery Exhibition” and “2025 FHA FOOD & BEVERAGE Singapore International Food Exhibition” to continue to expand in the Asian market, drive the sales growth momentum of the Asian market, and make the revenue in 2025 break through the historical high after listing.
