On May 21, the reporter of Beijing business daily learned that Anhui Laoxiang chicken catering Co., Ltd. (hereinafter referred to as “Laoxiang chicken”) disclosed the application draft of the prospectus and planned to be listed on the Shanghai Stock Exchange. According to the prospectus, the income of rural chicken from 2019 to 2021 was 2.86 billion yuan, 3.45 billion yuan and 4.39 billion yuan respectively, and the net profit was 160 million yuan, 110 million yuan and 130 million yuan respectively. Meanwhile, Laoxiang chicken has been engaged in franchise business since 2020, and the revenue of this business accounted for 0.33% and 1.90% of the company’s operating revenue in 2020 and 2021 respectively.
At the same time, rural chicken was founded in Hefei, Anhui Province. As of the end of the reporting period, it had 991 Direct stores and 82 franchise stores. In addition, rural chickens have gradually expanded to areas outside Anhui market since 2017. At present, they have entered Shanghai, Hubei, Jiangsu, Zhejiang, Shenzhen, Beijing and other places.
It is understood that Laoxiang chicken was established in October 2003 with a registered capital of 360 million yuan and its legal representative is Shu Congxuan.
