Qinqin Foods (01583) announced interim results. Profit attributable to shareholders of 4.937 million yuan decreased by 77.1% year-on-year

According to the Zhitong Finance App, Qinqin Foods (01583) announced interim results for the six months ended June 30, 2026. The group obtained revenue of RMB 485 million (same unit), a year-on-year decrease of 8.4%; profit attributable to the company's shareholders was RMB 4.937 million, a year-on-year decrease of 77.1%; and earnings per share were 0.007 yuan.

According to the announcement, the decline in the Group's revenue, gross profit, gross margin and net profit during the reporting period was mainly due to (i) the decline in sales through traditional sales channels due to the slowdown in consumption in the traditional physical retail industry, which was partially offset by an increase in snack food chain channel sales and OEM OEM business growth; and (ii) the decline in sales volume of jelly products and rice wine products, which led to a decrease in the capacity utilization rate of the company's production facilities and the weakening of economies of scale, which in turn reduced the Group's gross profit, gross margin and net profit.