[Taiji pickled fish mother enterprise] Jiu Mao Jiu International: there is no timetable for opening a store in Hong Kong

Financial news

Written by: Yue Yueting

2020-01-15 10:39

Taiji pickled fish and Jiumao Jiushan Noodle House parent company, Jiumao Jiu International Holdings (9922) jumped more than 40% in the early morning of today's debut. Guan Yihong, chairman of the board of directors, chief executive officer and executive director, expressed satisfaction with the stock price performance, thanks Investor trust in the company. He pointed out that the company's brand business model is relatively special, specializing in direct sales, but the two egg pancake brands will try to become franchise stores, and the future Taiji will also become the company's focus.

Jiu Maojiu's chairman Guan Yihong embraced his wife on the stage after the listing ceremony. (Photo by Liao Yanxiong)

Jiu Mao Jiu Jiu stores are mainly concentrated in first-tier and second-tier cities in China. Guan Yihong said that the normal play of catering brands starts from first-tier cities, second-tier, third-tier, and fourth-tier cities. The company is now trying to develop in third-tier and fourth-tier cities. , I hope to see the market response, the current effect is good, will open stores concurrently, but because the size of the first-line market is larger, the pace of opening stores is slightly faster.

Insist on making inexpensive food

He revealed that the company is optimistic about the Hong Kong market and has plans to open stores in Hong Kong, but there is no firm timetable. Regarding overseas store openings, the company plans to open stores in North America and Asia, and is currently making preliminary preparations and steadily advancing.

Regarding the market comparing the company with Haidilao (6862) from time to time, Guan Yihong believes that each brand has its own positioning. The company insists on making inexpensive food. The main customer is the middle class. "Who is not good?" I believe that if the company does its best, investors will accept it.

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