Fujian Sunner Development Co Ltd

Sunner Development released its 2026 semi-annual report. First-half operating revenue was 10.781 billion yuan, up 21.73% year on year. Net profit attributable to the parent company was 502 million yuan, down 44.80% year on year, mainly because the same period in 2025 included a one-time investment gain of 546 million yuan recognized from the acquisition of Anhui Sun Valley equity, which raised the comparison base. Excluding that impact, comparable net profit attributable to the parent company rose about 38% year on year. Net profit excluding non-recurring items was 524 million yuan, up 39.46% year on year. The non-GAAP net margin improved to 4.86% from 4.24% a year earlier, overall gross margin rose 1.15 percentage points to 13.12%, and net cash flow from operating activities was 914 million yuan. Sales volume of raw chicken meat reached 732,000 tonnes, up 10.3% year on year. Sales volume of further-processed meat products reached 251,000 tonnes, a sharp increase of 46.1% year on year, making the food further-processing business the core driver of revenue growth. Revenue from consumer retail channels exceeded 2 billion yuan, up more than 20% year on year, while export channel revenue rose more than 30% year on year. The company's self-bred Shengze 903 white-feather broiler package has achieved large-scale application. White-feather broiler farming capacity is close to 800 million birds, and food further-processing capacity, both under construction and already built, exceeds 600,000 tonnes, ranking first nationwide.

Sunner Development disclosed its July 2026 sales briefing. The company achieved sales revenue of 2.09 billion yuan for the month, a change of negative 1.83 percent compared to the same period last year, and a month-on-month increase of 14.69 percent. Among this, revenue from the deep-processed meat products segment was 1.154 billion yuan, up 17.85 percent year-on-year and up 10.71 percent month-on-month. Revenue from the poultry slaughtering and processing segment's chicken meat sales was 1.425 billion yuan, a change of negative 3.80 percent year-on-year and up 17.55 percent month-on-month. In terms of sales volume, the deep-processed meat products segment sold 58,000 tonnes, up 12.65 percent year-on-year and up 12.47 percent month-on-month. The poultry slaughtering and processing segment sold 146,900 tonnes of chicken meat, a change of negative 7.13 percent year-on-year and up 20.31 percent month-on-month. The company stated that business across all sales channels continued to grow steadily, the product mix was further optimized, the proportion of deep-processed meat product sales volume continued to rise, and overall profitability improved steadily compared to the same period last year.

Sunner Development announced that the company achieved sales revenue of 1.84 billion yuan in June, an increase of 10.62% compared to the same period last year. Among this, chicken meat sales revenue in the poultry farming and processing segment was 1.212 billion yuan, up 3.60% year-on-year; sales revenue in the deep-processed meat products segment was 1.037 billion yuan, up 26.33% year-on-year and up 2.15% month-on-month. In the first half of 2026, the company's slaughter volume increased by about 10% year-on-year, sales volume in the deep-processing segment rose by over 40% year-on-year, and export channel sales revenue grew by over 30% year-on-year.