Sanquan Food Co Ltd

Sanquan Food released its 2026 half-year report, showing first-half net profit attributable to the parent of 365 million yuan, up 16.5% year on year. Operating revenue was 3.906 billion yuan, up 9.5% year on year. Net profit attributable to the parent after deducting non-recurring items was 256 million yuan, up 14.4% year on year. Net operating cash flow was negative 104 million yuan, an improvement of 45.3% year on year. Second-quarter operating revenue was 1.45 billion yuan, up 7.7% year on year, while net profit attributable to the parent was 95.59 million yuan, down 8.7% year on year. The company said that during the first half it continued to launch customized products successfully, opened up emerging markets such as instant retail, tea beverages, and corporate customization, and improved product quality and production efficiency through intelligent production equipment and optimized key process flows.

Sanquan Food released its 2026 semi-annual report. In the first half of the year, operating revenue was approximately 3.906 billion yuan, up 9.49% year on year. Net profit attributable to the parent company was approximately 365 million yuan, up 16.48% year on year. Net profit after deducting non-recurring items was approximately 256 million yuan, up 14.44% year on year. Net cash flow from operating activities in the first half was approximately negative 104 million yuan, compared with approximately negative 191 million yuan in the same period last year, an improvement of 45.27% year on year. The company said this was mainly due to the later timing of the Spring Festival, which caused a difference in the timing of sales collections. By product category, revenue from frozen flour and rice products was approximately 3.209 billion yuan, accounting for 82.14% of total revenue and up 3.70% year on year. Revenue from frozen prepared foods was approximately 630 million yuan, accounting for 16.13% of total revenue and surging 59.89% year on year. Revenue from chilled and short-shelf-life products was approximately 37.99 million yuan, accounting for 0.97% of total revenue and down 13.73% year on year.