Richeng Shares released its 2026 half-year report, showing first-half net profit attributable to the parent fell 16.5% year-on-year to 29.41 million yuan, while operating revenue rose 16.3% to 237 million yuan. Second-quarter net profit attributable to the parent was 11.21 million yuan, down 36.2% year-on-year. The company completed the acquisition of Jiaxing Aibeibang Food Co., Ltd. in March 2025, expanding into the frozen dough bakery segment and continuing to increase investment in new product research and development. The company adopts a production-to-sales and procurement-to-production model, and has achieved intelligent manufacturing through its newly built Jiaxing plant.
Qingdao Richen Food Co LtdFirst-half net profit attributable to parent fell 16.5% year-on-year to 29.41 million yuan, with Q2 profit down 36.2%.
Richeng completed the acquisition of Jiaxing Aibeibang Food in March 2025 to expand into frozen dough bakery; no standalone financial impact disclosed.
