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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.
Want Want China
Want Want China (151) investor relations material
Want Want China H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H2 2025 earnings summary30 Jun, 2026
Executive summary
FY25 revenue rose 3.8% year-over-year to RMB 24,401mn, with all major segments growing and new products contributing a mid-teen percentage of revenue.
Specialty Snack Retail and Emerging Channels were key growth drivers, offsetting declines in traditional channels.
Profit attributable to equity holders declined 11.5% to RMB 3,837mn due to higher input costs and expenses.
Channel diversification, product innovation, and overseas expansion supported robust performance.
Financial highlights
Gross margin declined by 1.3 percentage points to 46.3% due to higher input costs, especially whole milk powder and palm oil.
Operating profit fell 14.0% year-over-year to RMB 5,021mn, with margin dropping to 20.6%.
Operating expenses increased 14.2% to RMB 6,891mn, driven by higher A&P and staffing costs.
Basic and diluted EPS dropped to RMB32.51 cents.
Dividend payout ratio decreased from 40% to 30%, with a proposed final dividend of RMB 1,153mn.
Outlook and guidance
Continued focus on channel diversification, digital transformation, and organisational refinement to drive growth.
Dedicated business units to optimize products, marketing, and channel strategies for enhanced competitiveness.
Plans to strengthen channel structure, invest in R&D, and enhance brand value through creative marketing.
Management expects continued optimisation of supply chain and production, with attention to raw material price trends.
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Latest events from Want Want China
- Revenue up 2.1% YoY, but profit down 7.8% amid higher costs and no interim dividend.151
H1 2025 - Profit rose 8.6% on stable revenue, with margin gains and increased capex for growth.151H2 2024
- Net profit rose 7.6% to RMB1,863.4 million as gross margin improved despite a 3.5% revenue drop.151H1 2024
- Profit and revenue rose, with margin gains and strong overseas and channel growth.151H2 2023
Next Want Want China earnings date
H1 26/2723 Nov, 2026
Want Want China
Next Want Want China earnings date
H1 26/2723 Nov, 2026
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Frequently asked questions
Want Want China Holdings Limited is a food and beverage company based in China. The company specializes in the production and distribution of a wide range of products, including rice crackers, dairy beverages, snacks, and soft drinks. It caters to consumers domestically and internationally. The company is headquartered in Shanghai, China, and its shares are listed on the Hong Kong Stock Exchange.