Namchow Holdings posted a robust 68% year-on-year increase in net profit for the first half of 2024, reaching NT$629 million (US$19.9 million), driven by its strategic emphasis on high-value-added products and agile market adaptation. The company’s net profit for the second quarter alone was NT$268 million (US$8.5 million), reflecting an 11% increase, with a net profit per share of NT$1.08 (US$0.034).
Namchow’s strong performance is underpinned by its proactive approach to capturing international market trends and optimizing its organizational flexibility. The company is also advancing its growth strategy by preparing key subsidiaries for public listing. Notably, Royal Coca-Cola Company, a major domestic ice product supplier under Namchow’s umbrella, is slated for an IPO next year. The company’s Du Laoye ice products continue to be a market favorite, contributing to its steady growth.
Additionally, Namchow’s Thai subsidiary, Little Golden Rooster, is also on track for an IPO, with plans to expand beyond Southeast Asia into European and American markets. The company’s Shanghai-based food group, which has been active in China for 27 years, has already made its mark by listing on the Shanghai A-share market in 2021.
Namchow continues to invest heavily in R&D and production across its various business segments, including baking oils, frozen dough, and environmentally friendly home products. The company remains committed to innovation, focusing on food safety, health trends, and sustainability to meet the evolving demands of its global customer base.
