HEBEI YANGYUAN ZHIHUI BEVERAGE (603156) investor relations material

Executive summary

• Net profit attributable to shareholders reached RMB 854 million for H1 2026, up 14.8% year-over-year, with revenue of RMB 3.5 billion, a 41.97% increase compared to the same period last year.

• The company maintained its leading position in the walnut protein beverage sector, leveraging product innovation, digital marketing, and a robust nationwide distribution network.

• A cash dividend of RMB 5.00 per 10 shares (pre-tax) is proposed, totaling RMB 630 million, based on the total share capital as of August 21, 2026.

Financial highlights

• Operating income: RMB 3.5 billion, up 41.97% year-over-year; net profit: RMB 854 million, up 14.8%.

• Operating cash flow: RMB 694 million, up 84.32% year-over-year.

• Basic EPS: RMB 0.6776, up 14.79%; ROE: 9.17%, up 2.01 percentage points.

• Gross margin for main business: 41.2%.

• Non-recurring profit and loss contributed RMB 69.56 million.

Outlook and guidance

• The company expects continued growth in the plant protein beverage market, driven by health-conscious consumption trends and product innovation.

• Focus remains on product upgrades, channel expansion, and digital marketing to capture diversified consumer demand.