Anjoy Foods H1 Revenue Reaches RMB 9.27 Billion, Net Profit RMB 822 Million

After the market close on August 24, Anjoy Foods disclosed its 2026 semi-annual report. In the first half, the company achieved operating revenue of RMB 9.266 billion, up 21.85% year on year, the highest half-year revenue since listing; net profit attributable to the parent was RMB 822 million, up 21.62%; non-GAAP net profit was RMB 753 million, up 24.81%; basic earnings per share was RMB 2.48. The company said revenue growth was mainly due to increased market demand, with revenue growth in frozen prepared foods and frozen dishes, and subsidiary Jiangsu Dingweitai Food Co. , Ltd. also contributing incremental revenue.

By category, frozen prepared foods were the largest revenue source, with first-half revenue of RMB 4.75 billion, up 26.37% year on year; frozen dishes revenue was RMB 2.989 billion, up 23.73%; frozen flour and rice products revenue was RMB 1.186 billion, down 4.46%. In terms of operating cash flow, net cash flow from operating activities in the first half was RMB 485 million, compared with negative RMB 163 million in the same period of 2025, mainly due to increased cash received from sales of goods and provision of services. Asset impairment losses expanded from RMB 15.88 million in the same period of 2025 to RMB 103 million, mainly due to increased inventory write-down losses and goodwill impairment losses. On a quarterly basis, second-quarter operating revenue was RMB 4.556 billion, with net profit attributable to the parent of RMB 259 million.

The board approved the 2026 interim profit distribution plan, proposing to distribute a cash dividend of RMB 1.733 per share (pre-tax) to all shareholders, totaling approximately RMB 576 million, representing 70.01% of first-half net profit attributable to the parent. This dividend ratio is higher than the RMB 1.44 per share level for 2025 and is the second highest since the company's listing. Controlling shareholder Fujian Guoli Minsheng Technology Development Co. holds 22.00% of shares (73.3212 million shares) and would receive approximately RMB 127 million in cash dividends (pre-tax) under this plan. Anjoy Foods' cumulative dividends since listing have reached RMB 4.273 billion.

In terms of R&D investment, first-half R&D expenses were RMB 42.6876 million, up 6.91% year on year. The company's jointly completed project "Key Technologies and Applications of Microwave Food Processing for Multiple Scenarios" was awarded a second-class prize of the National Science and Technology Progress Award, and the Lock-Fresh series has been updated to version 6.0. The semi-annual report also flagged risks including food safety, rising raw material costs, force majeure, public opinion and exchange rate fluctuations. In the secondary market, as of August 24, Anjoy Foods shares had risen 0.95% cumulatively since the start of 2026, including a 12.10% gain in July and a cumulative decline of 12.57% since the beginning of August.