Suzhou Weizhixiang Food Co. Ltd.

Weizhixiang disclosed its semi-annual report for 2026 on August 27. In the first half of the year, it achieved total operating revenue of 345 million yuan, up 0.69% year on year. Net profit attributable to the parent company was 41.18 million yuan, up 28.89% year on year. Net profit after deducting non-recurring items was 33.14 million yuan, up 30.77% year on year. The company plans to distribute a cash dividend of 2.8 yuan per 10 shares, tax included, to all shareholders. Net cash flow from operating activities was negative 119 million yuan, compared with negative 1.14 million yuan in the same period last year. As of the end of the first half of 2026, the company's inventory book value was 71.79 million yuan, accounting for 5.8% of net assets, an increase of 36.10 million yuan from the end of the previous year. The company is mainly engaged in the research, development, production, and sales of semi-prepared dishes.

Weizhixiang released its 2026 half-year report, showing first-half net profit attributable to the parent of 41.18 million yuan, up 28.9% year on year. Operating revenue was 345 million yuan, up 0.7% year on year. Net profit attributable to the parent after deducting non-recurring items was 33.14 million yuan, up 30.8% year on year. Net operating cash flow was negative 119 million yuan, down 10,347.8% year on year. Earnings per share were 0.2984 yuan. In the second quarter, operating revenue was 169 million yuan, down 0.2% year on year. Net profit attributable to the parent was 18.45 million yuan, up 48.3% year on year. Net profit attributable to the parent after deducting non-recurring items was 14.26 million yuan, up 45.3% year on year. As of the end of the second quarter, total assets were 1.408 billion yuan, down 4.9% from the end of the previous year. Net assets attributable to the parent were 1.237 billion yuan, down 0.4% from the end of the previous year. The company said that, affected by industry policies, the prepared dishes sector is undergoing more standardized development. The company continues to advance the research, production, and sales of semi-finished dishes, and is building an omnichannel marketing matrix while deepening refined channel operations.

Weizhixiang announced on August 26 that it plans to distribute a cash dividend of 2.8 yuan per 10 shares, before tax, to all shareholders, with an estimated total payout of 38.25 million yuan, accounting for 92.90% of net profit attributable to the parent company in the consolidated statements. In the first half of 2026, Weizhixiang achieved revenue of 345 million yuan and net profit attributable to the parent company of 41.18 million yuan.

As of July 21, beef imports from Brazil have reached 80% of this year's allocated quota, and the quota may be exhausted within the next one to two months, triggering an additional 55% tariff. Recently, Brazilian beef prices have risen by about 2 yuan per kilogram, while Australian beef, which was previously hit with extra tariffs, has seen overall price increases of around 20 yuan per kilogram, with some supermarket Australian beef products up 17% to 30%. Cost pressures are being passed downstream. Supermarkets like RT-Mart have started sourcing domestic fresh beef as well as beef from Argentina and New Zealand to replenish stocks. Some restaurant chains plan to switch to Uruguayan or local beef, but high-quality beef dishes are hard to replace in the short term, and some restaurants are considering adjusting menus to reduce the proportion of beef items. The domestic beef industry is getting a buffer period. In 2025, China's beef output was 8.01 million tonnes, with 2.8 million tonnes of imported beef. Imported beef accounts for nearly a quarter of the domestic market share. Among this, imports from Brazil amounted to 56.29 billion yuan, making up about 50% of total beef import value.