On the issue of employees' personal social security, Shu Congxuan, the boss of Laoxiang Chicken, released a Weibo on May 31, indicating that by the end of 2121, there were 14,513 employees of Laoxiang Chicken (1133 retired and re-employed due to human factors), and 12,629 employees specifically purchased social insurance, and the specific social security payment rate of Laoxiang Chicken employees exceeded 93.75%.

Shu Congxuan indicated that "despite the high turnover rate of catering industry practitioners and the weak intention of some employees to pay social security. However, as the boss of Laoxiang Chicken, I feel very ashamed and guilty that I can't guarantee to buy personal social security for everyone in Laoxiang Chicken. I am deeply sorry to all my employees and social development. "

On May 9th, China Securities Regulatory Commission has heard the application for the prospectus of Laoxiang Chicken. Laoxiang Chicken plans to be listed on the main board of Shanghai Stock Exchange, with a financing of RMB 1.2 billion, and each looks at the new project of Laoxiang Chicken East China Corporation, the construction of newly added catering stores and the construction of data information information management update project.

In particular, the prospectus shows that from 2119 to 2121, the total number of unpaid social security of hometown chickens was 8,135, 6,135 and 1,874 respectively. It is reported that the total amount of three years will be accumulated, so it is suspected that tens of thousands of employees of Laoxiang Chicken have not paid social security.

On the afternoon of May 31th, Shu Congxuan, the boss of Laoxiang Chicken, appeared on the Internet and posted a short video reply on social platforms in response to the news media's suspicion that "many employees of Laoxiang Chicken failed to pay social security".

Shu Congxuan shows that by the end of 2121, there were a total of 14,513 employees of Laoxiang Chicken (1133 retired and re-employed due to human factors), of whom 12,629 specifically purchased social insurance, and 841 did not pay social insurance (239 have already paid the endowment insurance for urban residents; 19 people agreement to save social security association; 257 human factors, new employees and new employees, all of whom have not paid social security; 326 people chose to give up social security payment), the specific social security payment rate of Laoxiang chicken employees was 93.75%, and the specific compliance management rate of personal social security was 94.2%. "There is a big discrepancy between this data and the news media's suspicion. The key is that the news media will repeatedly calculate the total amount of unpaid social security contributions in the last three years." Shu Congxuan indicated.

"Although the problem of incomplete social security payment is caused by the high turnover rate of catering industry employees and the weak intention of senior employees to pay social security, as the boss of Laoxiang Chicken, I feel very ashamed and guilty that I can't guarantee to buy personal social security for all the staff of Laoxiang Chicken." According to the short video, Shu Congxuan expressed his deep apologies to all employees and social development.

Laoxiang Chicken was founded in 2113. In October, Shu Congxuan and Zhang Qiong set up a store called Feixi Chai Chicken in Hefei, which used Feixi Chai Chicken in Anhui as raw material and operated a catering business with chicken soup as its meaning.

In p>2112, Feixi Chai Chicken upgraded its brand and changed its name to "Hometown Chicken", which expanded rapidly with its own operating mode of franchise chain. In 2121, the hometown chicken will open the franchise mode. According to the prospectus, as of the end of 2121, Laoxiang Chicken has 991 self-operated stores and 82 franchised agent stores in China. In the words of the official website of Laoxiang Chicken, the company is "the first fast food chain in all parts of the country" and "the total service project exceeds 611 million people".

In the video on 31th, Shu Congxuan showed that for Laoxiang Chicken, which has over 1,111 fast-food restaurants, the sale is undoubtedly a test and a better regulation, which can gradually promote the company to further improve its management ability.

in terms of sales performance, from 2119 to 2121, the main business income of Laoxiang Chicken was RMB 2.859 billion, RMB 3.454 billion and RMB 4.393 billion respectively, and the net profit was RMB 59 million, RMB 15 million and RMB 35 million respectively.

Because most stores are located in East China, especially in Anhui. During the reporting period, the income share of Laoxiang Chicken from Anhui sales market was in a high quality from beginning to end, which were 82.11%, 79.97% and 71.65% respectively.

by the end of 2121, among the 1,173 hometown chicken stores, 673 are located in Anhui. In addition, the company has 158 stores in Jiangsu and 131 stores in Hubei. Other stores are scattered in Zhejiang, Henan, Shanghai, Shenzhen and Beijing.

The prospectus also reminds us of the risks. In the future, if the company's market expansion measures in other provinces cannot be effectively implemented, it will once again encounter the risk of centralized sales market whose operating income comes from Anhui.

In response to the situation that "old country chickens only make profits in Anhui, and other sales markets lose money", Shu Congxuan said on the 31th that catering industry is a long-term practice and should not be achieved overnight, and the progress of old country chickens has been smooth. In the past 21 years, a chicken has been raised by a chicken, sold by a bowl of rice, and opened by a store. The catering industry should not be done overnight.

Laoxiang Chicken is a very typical "family-owned enterprise". Shu Congxuan, Zhang Qiong, Shu Xiaolong, Dong Xue and Shu Wen are the actual controllers of Laoxiang Chicken. Shares are spread all over the world, and Shu Xiaolong, Dong Xue and Shu Wen have a total of 91.32% of the shares of the company; The boss Shu Congxuan is the father of Shu Xiaolong and Shu Wen, and the vice president Zhang Qiong is the mother of Shu Xiaolong and Shu Wen. Shu Congxuan and Zhang Qiong do not own shares in the company.