Haitian Flavors (03288) announced interim results. Net profit of 4.190 billion yuan increased 7.13% year over year

According to the Zhitong Finance App, Haitian Flavor Industry (03288) announced its 2026 interim results, achieving operating revenue of RMB 16.146 billion, an increase of 6.01% year on year. Among them, the main condiment business revenue was RMB 15.352 billion, up 5.43% year on year; net profit to mother was RMB 4.190 billion, up 7.13% year on year. Earnings per share were $0.72.

In the first half of 2026, the company's offline channel revenue was RMB 14.380 billion, an increase of 4.81% over the previous year. After more than 20 years of intensive cultivation, the company has an offline dealer network covering the whole country and terminal access capabilities. The company clings to the “solid base” of traditional channels, enhances density through the secondary construction of capillary networks, and links the sinking market with new digital marketing tools and technology. “Peiyu” reflects the construction of emerging channel capabilities such as online and industrial: online revenue of RMB 972 million in the first half of 2026 was RMB 972 million, an increase of 15.45% over the previous year; new channels represented by the food industry have also achieved good development. Traditional channels and emerging channels have gradually formed two-way empowerment in the past few years. The carrying capacity of traditional channels provides compliance endorsements for new channels, and new online and industrial tracks are also exploring more business opportunities and strengthening the ability to fully serve users.

The gross margin for the current period was 40.2%, up 0.9 percentage points from 39.3% in the same period last year, mainly due to intelligent manufacturing upgrades and process improvements to improve production efficiency and optimize the cost structure.