Anjoy Foods Group (603345) Q2 2026 earnings summary

Executive summary

• Revenue for the first half of 2026 reached RMB 9.27 billion, up 21.85% year-over-year, with net profit attributable to shareholders at RMB 822.09 million, up 21.62%.

• Growth was driven by strong demand recovery, product matrix optimization, and robust performance in core frozen food segments.

• Cash flow from operating activities turned positive to RMB 485 million from a negative RMB 163 million in the prior year.

• The board proposed a cash dividend of RMB 1.733 per share, totaling RMB 575.58 million, representing 70.01% of net profit.

Financial highlights

• Operating income: RMB 9.27 billion, up 21.85% year-over-year.

• Net profit attributable to shareholders: RMB 822.09 million, up 21.62% year-over-year.

• Operating cash flow: RMB 485 million, a significant improvement from the prior year.

• Basic and diluted EPS: RMB 2.48, up 7.36% year-over-year.

• Gross margin: 21.2%, stable year-over-year.

• Non-recurring items contributed RMB 69.11 million to net profit.

Outlook and guidance

• The company expects continued growth in the frozen food sector, supported by rising consumer demand, product innovation, and expansion in both domestic and international markets.

• Industry forecasts indicate a 9.4% CAGR for China's frozen food market from 2024 to 2029.