Foshan Haitian Flavouring and Food Co Ltd

Foshan Haitian Flavouring and Food Company has acquired Hong Kong-based Amoy Food from private-equity group Trustar Capital, with financial terms of the deal undisclosed. Trustar confirmed it sold its entire equity interest in Amoy Food to Haitian, which holds dual listings in Shanghai and Hong Kong. Founded in 1908, Amoy makes soy sauce, oyster sauce, seasoning sauces and frozen dim sum, and distributes in more than 40 countries including the US, the UK, Canada, Australia and Japan. Trustar had acquired Amoy's global business in 2019 from Ajinomoto, and reports that the private-equity firm was looking to sell the asset emerged in 2023. Following the acquisition, Haitian and Amoy Food plan to integrate their distribution channels, production networks and supply chains to capture new opportunities for long-term growth and sustainable development. In the first six months of the year, Haitian posted total revenue of 16.15bn yuan, a near-6% increase from 15.23bn yuan a year earlier, while net profit attributable to shareholders of the parent company rose 7.2% to Y4.19bn.

Haitian Flavouring and Food Company released its 2026 interim report on August 27, 2026. During the reporting period, the company achieved total operating revenue of 16.146 billion yuan, with net profit attributable to the parent company of 4.19 billion yuan. Net cash inflow from operating activities was 1.224 billion yuan, down 18.52% from the same period last year. The company's asset-liability ratio was 15.99%, gross margin was 41.04%, return on equity was 10.72%, and diluted earnings per share was 0.72 yuan. The number of shareholders was 211,400, and the top ten shareholders held 79.46% of the total share capital.

Haitian Flavouring and Food Company announced that as of the end of July 2026, it had repurchased 1.81 million A-shares, representing 0.0309% of total share capital, for a total amount of 65.8 million yuan, at a price range of 36.02 yuan to 37.37 yuan per share. In the first quarter of 2026, Haitian Flavouring and Food Company achieved revenue of 9.029 billion yuan and net profit attributable to the parent company of 2.444 billion yuan.

Haitian Flavouring announced plans to repurchase A-shares using its own funds, with an amount of no less than 1 billion yuan and no more than 2 billion yuan. The maximum repurchase price is 53 yuan per share, and the company expects to buy back between 18.87 million and 37.74 million shares, representing 0.32% to 0.64% of total share capital. The repurchase period is 12 months following shareholder approval. The repurchased shares will be used for cancellation and reduction of registered capital, as well as for employee stock ownership plans or equity incentives, with 70% or more of the repurchased shares to be cancelled to reduce registered capital. In the first quarter of 2026, Haitian Flavouring achieved revenue of 9.029 billion yuan and net profit attributable to the parent company of 2.444 billion yuan.