Ligao Foods Co.Ltd

Ligao Foods released its 2026 interim report. Total operating revenue was 2.205 billion yuan, and net profit attributable to the parent company was 126 million yuan, a decrease of 44.3318 million yuan from the same period last year, down 25.96% year on year. Net cash inflow from operating activities was 123 million yuan, down 18.39% year on year. The company's latest asset-liability ratio was 42.67%, gross margin was 29.81%, ROE was 4.66%, and diluted earnings per share was 0.76 yuan, down 25.90% year on year.

Ligao Foods released its 2026 interim report. First-half net profit attributable to the parent was 126 million yuan, down 25.96% year on year. Operating revenue was 2.205 billion yuan, up 6.5% year on year. Net profit attributable to the parent excluding non-recurring items was 125 million yuan, down 25.0% year on year. Net operating cash flow was 123 million yuan, down 18.4% year on year. Earnings per share were 0.7587 yuan. In the second quarter, operating revenue was 1.16 billion yuan, up 12.9% year on year, and net profit attributable to the parent was 62.42 million yuan, down 24.2% year on year. As of the end of the second quarter, total assets were 4.738 billion yuan, up 0.9% from the end of the previous year, and net assets attributable to the parent were 2.713 billion yuan, up 1.6% from the end of the previous year. The company said changes in operating business were mainly reflected in the sales mix of frozen baked goods and baking ingredients. Frozen baked goods accounted for about 52% of revenue, up about 1% year on year, while baking ingredients accounted for about 48% of revenue, up about 14% year on year, with UHT cream sales continuing to grow. By channel, distribution channel revenue accounted for about 47%, up nearly 6% year on year. Supermarket channel revenue accounted for about 33%, up nearly 10% year on year. Innovative channels such as catering, tea drinks and new retail accounted for about 20% of revenue, with combined low single-digit year-on-year growth, and the growth rate slowed quarter on quarter.