FoodBud
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RankingsInsightsMixue SeriesArchiveMethodologyDataSearch中文
FoodBud

Global foodservice chain intelligence. Every figure should link back to a source.

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Company card

Bafang Yunji International

Medium
Brand★Golden 50est. scale

TWSE 2753 · Taiwan

Listing status
listed
Operating model
Mixed direct + franchise
Scale basis
Revenue proxy
Confidence
Medium
Segment
qsr snack fastfood

八方云集是台湾锅贴/水饺加盟与供应链样本;管理层台湾店销估算可作为终端规模 proxy。

Scale basis note

Recognized company revenue. Useful for accounting scale, but not directly comparable with GMV/system sales.

Compare this operator
Every number has a source row

Metrics below keep source tier, quality, period, and source link visible at the metric level.

Source tiers
S1Official primary — filings, annual reports, prospectuses
S2Official secondary — IR decks, transcripts
S3Supplementary — vetted media, databases
S0Not usable — flagged, never published

Source tiers — S1 official primary · S2 official secondary · S3 supplementary · S0 not usable. Open “Provenance” on any number for its tier, basis, precision, and do-not-use note.

GMV is not revenue

GMV/system sales, revenue, and royalty pool sales are separate scale bases. Screening proxies are directional only.

MetricValuePeriod / basisQualitySource
Stores
Reported restaurant, coffee shop, tea shop, bakery, or comparable chain units.
1,385 stores
FY2024: 集團總計:1,372家(較2023年的1,359家淨成長13家)… 八方雲集品牌:1,078家、梁社漢:230家、芳珍蔬食:28家、丹堤咖啡:18家、香港百芳池上便當:14家、香港八方麵屋:4家 (operator store_count 1385; latest research 1372 FY2024 — minor, within tolerance)
Source-backed
S3 supplementary (opens in new tab)
Media Or Aggregator · 集團總計:1,372家(較2023年的1,359家淨成長13家)… 八方雲集品牌:1,078家、梁社漢:230家、芳珍蔬食:28家、丹堤咖啡:18家、香港百芳池上便當:14家、香港八方麵屋:4家 (operator store_count 1385; latest research 1372 FY2024 — minor, within tolerance)
Provenance
Tier: S3 supplementary
Source: Media Or Aggregator
Scale
Recognized company revenue. Useful for accounting scale, but not directly comparable with GMV/system sales.
$282.07M
FY2025: 4000 營業收入合計 (Total operating revenue) 8,791,118 — Bafang Yunji International (TWSE 2753), consolidated statement of comprehensive income, period 2025/. USD=estimated via FRED period-average 31.16628 (FRED); TWD 8791118000 authoritative. Freshness refresh (Cowork, on-basis; basis unchanged).
Revenue proxyRecognized company revenue. Useful for accounting scale, but not directly comparable with GMV/system sales.
Source-backed
S1 official primary (opens in new tab)
Regulatory Filing · 4000 營業收入合計 (Total operating revenue) 8,791,118 — Bafang Yunji International (TWSE 2753), consolidated statement of comprehensive income, period 2025/1/1–12/31. FY2024 comparative: 8,027,985 (thousand NTD).
Provenance
Tier: S1 official primary
Source: Regulatory Filing
Basis: Revenue proxy
Precision: Estimated
Scale per store
Screening proxy: scale divided by store count. It is not audited AUV or unit profit.
$203,662
Screening proxyest.
Derived scale_per_store = scale_usd ÷ store_count (1385) at revenue_usd (FY2025).
Revenue proxyRecognized company revenue. Useful for accounting scale, but not directly comparable with GMV/system sales.
Source-backed
S1 official primary (opens in new tab)
Operator Metric Source · Source used for operator metric extraction.
Provenance
Tier: S1 official primary
Source: Operator Metric Source
Basis: Revenue proxy
Precision: Derived
Profit signal
Profit signal from the source period. Read with local accounting and segment mix in mind.
$23.92M
FY2024: 歸屬於母公司淨利6.02億元,年增8.63%
Profit-positiveScale basis not specified. Use as a screening signal until a source pack is attached.
Source-backed
S3 supplementary (opens in new tab)
Media Or Aggregator · 歸屬於母公司淨利6.02億元,年增8.63%
Provenance
Tier: S3 supplementary
Source: Media Or Aggregator
Basis: Profit-positive
Revenue
Source-backed operating metric from the locked research snapshot.
$254.4M
TWD 8,791,118 thousand consolidated revenue
Revenue proxyRecognized company revenue. Useful for accounting scale, but not directly comparable with GMV/system sales.
Source-backed
S1 official primary (opens in new tab)
Operator Metric Source · Source used for operator metric extraction.
Provenance
Tier: S1 official primary
Source: Operator Metric Source
Basis: Revenue proxy
Precision: Manual override

Market data (listed companies)

Market valuation · fluctuates · not operational scale · do not compare with GMV / system sales. Listed companies only.

MetricValuePeriod / basisQualitySource
Market cap
Public market capitalization captured in the locked source snapshot.
$367.16M
2026-05-22: on May 22, 2026, the closing price for 八方雲集 (TPE:2753) was 173.50 TWD
Market cap (USD)Scale basis not specified. Use as a screening signal until a source pack is attached.
Source-backed
S3 supplementary (opens in new tab)
Media Or Aggregator · on May 22, 2026, the closing price for 八方雲集 (TPE:2753) was 173.50 TWD
Provenance
Tier: S3 supplementary
Source: Media Or Aggregator
Basis: Market cap (USD)
Precision: Market snapshot · not operational scale
⚠ Do not use for: Market valuation · not operational scale · never compare with GMV/system sales

Operator profile

7/20 source-backed

Classification, firmographics, ownership and operating dimensions — source-backed where disclosed, marked as a gap (never inferred) where not.

Format & positioning
Cuisine (primary)
chineseS4 (opens in new tab)
Cuisine (secondary)
not disclosed
Service model
fast casualS4 (opens in new tab)
Price tier
valueS2 official secondary (opens in new tab)
Company
Founded
1,998S4 (opens in new tab)
HQ country
Taiwan~
CEO
Jui-Lien ChangS3 supplementary (opens in new tab)~
Employees
1,377 headcountS3 supplementary (opens in new tab)
Ownership
Parent
public-standalone (founder Lin Jiayu; IPO Sept 2021)S4 (opens in new tab)
PE / holding
not disclosed
Recent M&A
not disclosed
Growth
Revenue YoY
9.51%S3 supplementary (opens in new tab)
Net new units
41 unitsS3 supplementary (opens in new tab)~
Pricing & digital
Avg check
not disclosed
Digital sales
not disclosed
Off-premise
not disclosed
Loyalty members
not disclosed
Franchise terms
Royalty
not disclosed
Franchise fee
100000-300000S3 supplementary (opens in new tab)~
By-market footprint
Hong Kong
78 stores◑derivedS1 official primary (opens in new tab)
Taiwan
1,298 stores◑derivedS1 official primary (opens in new tab)
United States
13 stores◑derivedS1 official primary (opens in new tab)

Store counts by market/region — footprint context, not a same-basis comparison.

Disclosed store model

disclosed8/10 source-backed

Company-operated vs franchised footprint, AUV and store-level economics — taken verbatim from each operator's own filing, never inferred. A separate axis from company scale and single-store economics.

Total stores
1,385 stores
1,385 global stores at end-2025: 1,105 Bafang Yunji, 250 Liang She-Han, 13 Bai Fung Bento, 4 Bafang Noodles & More, 2 FJ Veggie, and 11 Dante Coffee.
Source-backedS1 official primary (opens in new tab)
Revenue
$254M
TWD 8,791,118 thousand consolidated revenue
Source-backedS1 official primary (opens in new tab)
Scale
$254M
Management estimate: Taiwan store revenue about TWD 14.64 billion and Taiwan market share 1.72%; this is a Taiwan store-revenue proxy, not full global terminal system sales.
Source-backedS1 official primary (opens in new tab)
Company-operated
see brand drilldown
Franchised
see brand drilldown

Brand drilldown

non-additive

Per-brand detail — NOT additive (brands may use different bases / periods) and NOT counted in rankings. Listed for transparency only.

八方雲集國際股份有限公司
Direct vs franchise split
88% stores franchised (group)
FY2024 (民國113年)
Source-backedS1 official primary (opens in new tab)
Operating margin
12.3%
FY2025
Source-backedS1 official primary (opens in new tab)
Franchisor gross & operating margin
34.6% gross margin
FY2024 (民國113年)
Source-backedS1 official primary (opens in new tab)
Food cost %
64%
FY2025
Source-backedS1 official primary (opens in new tab)
Labor cost %
20%
FY2025
Source-backedS1 official primary (opens in new tab)
Openings / closures (net, by brand)
16 net stores added (梁社漢, FY2024 Taiwan)
FY2024 (民國113年)
Source-backedS1 official primary (opens in new tab)
Est. store revenue per store (Taiwan)
9.82 NT$ million/store/yr
FY2024 (民國113年)
EstimatedS1 official primary (opens in new tab)

Single-store model

4/8 source-backed

Unit economics are a separate axis from company-level scale — never read as the same number. Each field keeps its source, period, and quality; derived/estimated rows and gaps are marked.

AUV / unit sales
Franchisor consolidated revenue (NT$8,028M = materials + food-service + fees) is NOT system sales. 126.3億 is itself a company estimate, blends 4 Taiwan brands.
Company-disclosed '本公司各品牌台灣門店營收概估' 113年=NT$126.3億; Taiwan stores ~1,286 (八方雲集1,012+梁社漢228+芳珍蔬食28+丹堤18) -> ~NT$9.82M/store/yr (~USD0.31M). Note: company back-calc of store sales from central-kitchen material sales, not audited.
FY2024 (民國113年)
EstimatedS1 official primary (opens in new tab)
Single-store profit
These are the FRANCHISOR's consolidated margins (central kitchen + direct stores + fees), not franchisee unit economics.
113年 合併營收 8,027,985仟元 (+9.37%), 毛利率 34.60% (vs 112年 -0.18%); 營業淨利 721,536仟元 (營業利益率 8.99%); 稅後淨利 591,098仟元, 純益率 7.36%; EPS 9.05元. Taiwan direct-store subsidiary 八方雲集餐飲 posted NT$(13,240)K loss; Dantai Coffee NT$(5,441)K loss; US entities loss-making in build-out.
FY2024 (民國113年)
Source-backedS1 official primary (opens in new tab)
Initial investment
Initial investment is a commercial term not required in 年報; marketing/blog figures NOT official.
—
FY2024 (民國113年)
GapS1 official primary (opens in new tab)
Franchise fee / royalty
加盟金/權利金/保證金 amounts commercially confidential. Non-filing claims (加盟金 NT$10萬, 免權利金) NOT verifiable, excluded.
—
FY2024 (民國113年)
GapS1 official primary (opens in new tab)
Payback period
No franchisee unit economics in filings.
—
FY2024 (民國113年)
GapS1 official primary (opens in new tab)
Same-store sales
All-store != same-store; Taiwan store count grew in 2024.
—
FY2024 (民國113年)
GapS1 official primary (opens in new tab)
Store open / close
Gross opens/closures and direct-vs-franchise movement detail not tabulated.
梁社漢排骨 113年 Taiwan net +16. US +5 直營 stores in 2024, SoCal累計11家. Year-end: global 1,372; 八方雲集 1,078 (Taiwan 1,012), 梁社漢排骨 230 (Taiwan 228), 芳珍蔬食 28, 百芳池上便當 14, 八方台式麵屋 4, 丹堤咖啡 18; HK 4 brands >75 stores. 年報 gives narrative net figures, no full per-brand open/close matrix.
FY2024 (民國113年)
Source-backedS1 official primary (opens in new tab)
Company-operated share
Ratio at group/Taiwan aggregate, NOT per brand. Per-brand direct/franchise counts not tabulated.
加盟門店占比達88% (group); Taiwan 93% franchised (Taiwan ~7% direct, 93% 加盟; group ~12% direct, 88% 加盟). 年報 does not give per-brand 直營/加盟 split. Year-end: Taiwan 八方雲集 1,012, 梁社漢排骨 228, 芳珍蔬食 28, 丹堤咖啡 18. ~200 former employees run 360+ franchise units.
FY2024 (民國113年)
Source-backedS1 official primary (opens in new tab)

Cost structure

4/6 source-backed

Where each revenue dollar goes, latest disclosed year. Slices use each operator's reported base — % of revenue unless the row notes otherwise (% of GMV, restaurant-level, franchise goods-supply COGS). Grey = not separately disclosed. This is a separate axis from company scale and single-store economics.

Reported components exceed 100% (mixed bases / overlapping line items) — read slices individually, not as an exact split.

Food / COGS64%
FY2025· TWD8.79bn rev; COGS=goods to franchisees+central kitchen+direct stores; rent=IFRS16 lease cash outflowS1 official primary (opens in new tab)Source-backed
Bafang dumplings franchise-supply core + direct (HK/US). Record FY2025 EPS 12.84.
Labor20%
FY2025· TWD8.79bn rev; COGS=goods to franchisees+central kitchen+direct stores; rent=IFRS16 lease cash outflowS1 official primary (opens in new tab)Source-backed
Bafang dumplings franchise-supply core + direct (HK/US). Record FY2025 EPS 12.84.
Rent / occupancy6.4%
FY2025· TWD8.79bn rev; COGS=goods to franchisees+central kitchen+direct stores; rent=IFRS16 lease cash outflowS2 official secondary (opens in new tab)Estimated
Bafang dumplings franchise-supply core + direct (HK/US). Record FY2025 EPS 12.84.
Delivery commission—
FY2025· TWD8.79bn rev; COGS=goods to franchisees+central kitchen+direct stores; rent=IFRS16 lease cash outflowGap
Bafang dumplings franchise-supply core + direct (HK/US). Record FY2025 EPS 12.84.
Marketing—
FY2025· TWD8.79bn rev; COGS=goods to franchisees+central kitchen+direct stores; rent=IFRS16 lease cash outflowGap
Bafang dumplings franchise-supply core + direct (HK/US). Record FY2025 EPS 12.84.
Operating margin12.3%
FY2025· TWD8.79bn rev; COGS=goods to franchisees+central kitchen+direct stores; rent=IFRS16 lease cash outflowS1 official primary (opens in new tab)Source-backed
Bafang dumplings franchise-supply core + direct (HK/US). Record FY2025 EPS 12.84.

Supply chain

4 suppliers · 2 with S1 filing

Who supplies this brand — reverse-extracted from each supplier's own filing (top-customer / related-party disclosure). The % is the supplier's revenue share from this brand (supplier-side, not procurement spend), unless a note says otherwise. Each edge keeps its period, source tier, and audit link; named relationships without a disclosed % are shown as such.

Jia Guang Co. (佳廣公司)
Ingredients
discloses as: 八方雲集國際股份有限公司
—named (no % disclosed)S1 filingsource (opens in new tab)
President Nisshin Corp. (統清股份有限公司)
Ingredients
discloses as: 八方雲集國際股份有限公司
—named (no % disclosed)S3 newssource (opens in new tab)
Ting Hsin International Group (頂新集團)
Ingredients
discloses as: 八方雲集國際股份有限公司
—named (no % disclosed)S3 newssource (opens in new tab)
Taiwan Sugar Corporation (台糖公司)
Protein
discloses as: 八方雲集國際股份有限公司
—named (no % disclosed)S1 filingsource (opens in new tab)

Peers in this segment

McDonald's Holdings Company(Japan),Ltd.GMV / system salesJollibee Foods CorporationGMV / system salesZENSHO HOLDINGS CO.,LTD.GMV / system salesYOSHINOYA HOLDINGS CO.,LTD.Company-operated revenue (proxy)MOS FOOD SERVICES,INC.GMV / system salesDPC DashRevenue proxy

Same segment — each operator keeps its own scale basis; this is navigation, not a like-for-like comparison.