Weilong Delicious 2026 Interim: Revenue RMB 3.715 Billion, Net Profit RMB 766 Million, Dividend RMB 0.28

Weilong Delicious (09985. HK) released its 2026 interim results on the evening of August 13. For the first half of the year, the company achieved total revenue of RMB 3.715 billion, up 6.7% year on year; net profit for the period was RMB 766 million, up 4%; earnings per share were RMB 0.32. Gross margin improved by 0.6 percentage points to 47.8%, and the net profit margin was 20.6%. The board resolved to declare an interim dividend of RMB 0.19 per share and a special dividend of RMB 0.09 per share, totaling RMB 0.28 per share, representing a payout ratio of 90%.

The results announcement showed that the company continued to implement its multi-category strategy. Revenue contribution from vegetable-based products, mainly konjac and seaweed, further increased, accounting for 65.7% of total revenue, up from 60.5% in the same period of 2025. In terms of channels, during the reporting period, the domestic retail channel underwent deep restructuring. Traditional offline channels faced traffic pressure, while emerging formats such as snack discount stores and membership supermarkets iterated rapidly. Growth momentum in traditional e-commerce weakened, while penetration of instant retail, livestream e-commerce, and integrated online-offline models continued to rise. The company accelerated its layout in emerging channels while consolidating refined operations in traditional channels, empowering distributors offline to strengthen display management and launching differentiated SKUs.

In terms of production capacity, as of the end of June 2026, Weilong Delicious had five factories in operation in Henan. The new factory in Nanning, Guangxi, which began planning in 2025, is under steady construction and will provide additional capacity reserves for the company's business expansion once completed and operational.