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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
MeiHua Holdings Group
MeiHua Holdings Group (600873) investor relations material
MeiHua Holdings Group Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary30 Oct, 2026
Executive summary
Q3 revenue fell 3.58% YoY to RMB 5.72bn; net profit attributable to shareholders dropped 96.00% to RMB 50.3m, reflecting lower product gross profit.
9M revenue declined 1.42% YoY to RMB 17.96bn; net profit fell 76.46% to RMB 712.2m.
Financial highlights
Q3 total profit was RMB 79.0m, down 94.16% YoY; adjusted for non-recurring items, attributable net profit was a loss of RMB 16.6m.
9M operating profit was RMB 2.66bn; total profit was RMB 909.4m, down 73.58% YoY, and attributable net profit was RMB 712.2m.
9M adjusted attributable net profit was RMB 434.7m, down 78.48% YoY; basic and diluted EPS were RMB 0.25, down 76.42%.
Market and industry conditions
Lower prices for threonine, lysine, MSG and other key products weighed on revenue, while higher raw-material prices compressed margins.
Q3 gross margin fell to 8.01% from 17.29% YoY; 9M gross margin declined to 11.36% from 21.26%.
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Latest events from MeiHua Holdings Group
- Net profit fell 62.56% year-over-year on flat revenue, with margins pressured by weak product prices.600873
Q2 2026 - Net profit surged 19.72% on Kyowa gains, despite a 3.43% revenue drop and industry headwinds.600873Q4 2025
- Net profit dropped 88% year-over-year as lower product prices hit revenue and margins.600873Q1 2026
- Q3 net profit jumped 141% on acquisition gains, but core profit fell as product prices dropped.600873Q3 2025
- Net profit surged 19.96% to RMB 1.77 billion despite a slight revenue decline.600873Q2 2025
- Q3 net profit dropped 33.96% on lower product prices; share repurchase and dividend announced.600873Q3 2024
- Net profit grew 7.51% to ¥1.47B despite a 6.96% revenue drop, driven by cost control.600873H1 2024
- Revenue and profit declined on lower prices, but global expansion and R&D accelerated.600873Q4 2024
- Net profit jumped 35.52% in Q1 2025, driven by higher sales and lower costs.600873Q1 2025
Next MeiHua Holdings Group earnings date
Q4 202612 Mar, 2027
MeiHua Holdings Group
Next MeiHua Holdings Group earnings date
Q4 202612 Mar, 2027
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