WYHG

Wing Yip Food

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About WYHG

Wing Yip Food Holdings Group Limited

Guangzhou style preserved meat and Chinese style pickled meat products company

Industry

Food

Established Date

04/24/2015

Listing Date

11/26/2024

Exchange

NASDAQ Stock Exchange

Full-time Employees

491

Fiscal Year Ends

12-31

Website

www.wingyip-food.com

Security Type

Depository Receipts (Ordinary Shares)

Office address

No.9, Guanxian North Rd, Huangpu Town, Zhongshan Cit, Guangdong, China 528429

Business

Introduction

Rongye Food Holding Group Co., Ltd. was incorporated in Hong Kong under the Companies Ordinance on April 24, 2015 and is a private company limited by shares. Operated through a subsidiary in China, Guangdong Rongye Food Co., Ltd., they are one of the famous meat processing companies in China. Guangdong Rongye Food Co., Ltd. is located in Huangpu Town, Zhongshan City, the birthplace of Cantonese-style preserved meat, which is known as the "Capital of Chinese preserved meat". At present, the factory covers an area of more than 30,000 square meters and has a series of advanced production equipment such as vacuum tumbler, high-speed chopping machine, vacuum filling machine and steam oven. Rongye Lamei originated from the Guangxu year of the Qing Dynasty. After four generations, it has a history of more than 100 years. More than 100 years ago, Wang Tianfu, the founder of Rongye Lamei, obtained a secret recipe for Lamei, which has a unique flavor. "Inheritance and development" is the ancestral motto of Rongye. Since the fourth-generation successor Wang Xiantao took over, he has taken "inheriting traditional skills, preserving local characteristics, and promoting lavender culture" as his mission, vigorously entering the national market and building a national marketing network. At the same time, we cooperated with Zhongshan Technician College to establish the "China Lap Mei R&D Base", adhere to the road of independent research and development, continuously develop new products, and improve process technology.

Company Financials

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Revenue & Expenses

WYHG has released its 2024 Q3 earnings report, with revenue of 37.05M, reflecting a YoY change of NaN%, and net profit of 2.14M, showing a YoY change of NaN%. The Sankey diagram below clearly presents WYHG’s revenue sources and cost distribution.