- CEO
- You Quan Li
- Full Time Employees
- 1,635
- Sector
- Consumer non-durables
- Industry
- Food: major diversified
- Address
- Caizihui No. 188 Xiamen FU China
- IPO Date
- Dec 12, 2023
- Business
- Xiamen Yan Palace Bird's Nest Industry Co., Ltd. (1497.HK) engages in the research, development, production and marketing of edible bird's nest (EBN) products in China. The company offers pure EBN products, EBN+ products and +EBN products across four major product lines including bowl bird's nest such as One Nest series (e.g., Orange Sincerity, President), fresh stewed bird's nest, rock sugar bird's nest and dried bird's nest; it also provides innovative items like EBN porridge (e.g., milk and black rice, thick taro puree and milk flavors), Bird’s Nest Peptide Natural Soda Water, Whole Ginseng Bird’s Nest Drink, YANPEP燕窝肽 series (oral peptides, collagen protein essence drink, natural strontium water), E-Jiao bird’s nest co-branded with Dong-E-E-Jiao, Bazhen freeze-dried bird’s nest and customized light bowls for Sam's Club. Operations span online channels (self-operated stores on JD, Tmall, Douyin; e-commerce platforms like JD, Vipshop; 60.6% of 2024 revenue) and offline channels (108 self-operated stores, 650 distributor-operated stores covering 220+ cities; 39.4% of revenue); the company maintains the largest EBN market share in China for eight consecutive years, with a nationwide network and initial overseas expansion including a New York store in 2025, products in California supermarkets and Costco, plus a planned Singapore store. Founded in 1997 and headquartered in Xiamen, China, the group operates the world’s largest EBN processing factory in Gansu and a new intelligent factory. Recent developments include appointing Gong Li and Wang Yibo as global brand ambassadors in 2024, partnering with Hua & Hua Strategic Consulting for brand upgrade and super symbol reconstruction, launching the “The Gift of Time” product conference with Gong Li, drafting China’s first EBN product industry standard, scientific collaborations with Peking University and Jiangnan University confirming One Nest and fresh stewed benefits, H-share full circulation completion in December 2024, ongoing share repurchases (e.g., up to HK$100 million), revenue growth to RMB2.05 billion in 2024 (up 4.37% YoY) driven by e-commerce surge and new products (EBN porridge sales exceeding 7.358 million bowls), and profit rebound of 20-35% in H1 2025 despite revenue pressures.