Huifa Foodstuff plans to acquire the 49% stake in Jiuheng Huitong held by Beijing Tongtai for 9.3959 million yuan in cash. After the transaction, its shareholding will rise from 51% to 100%. Jiuheng Huitong posted a net profit of 5.5081 million yuan in 2025, but swung to a loss of 2.8897 million yuan in the first half of 2026, with net assets falling from 53.8588 million yuan to 24.9579 million yuan. Before the equity transfer is implemented, the two parties will first distribute undistributed profits of 5.7806 million yuan. Beijing Tongtai, based on its 49% stake, can receive about 2.83 million yuan, and together with the equity transfer payment, will receive a total of about 12.23 million yuan. Huifa Foodstuff still faces operating pressure. Its net loss attributable to the parent company was 69.5519 million yuan in 2025, and its non-GAAP net profit in the first half of 2026 is expected to remain at a loss of 5 million to 6.5 million yuan.
Shandong Huifa Foodstuff CoAcquiring a loss-making subsidiary for 9.4 million yuan while facing its own losses increases financial strain.
Sells 49% stake in loss-making subsidiary for 12.23 million yuan, realizing cash and exiting a declining asset.
