Wens Foodstuff Group (300498) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was ¥24.53 billion, up 0.34% year-over-year after restatement.

• Net loss attributable to shareholders was ¥1.07 billion, a sharp decline from ¥2.01 billion profit in Q1 2025.

• Basic and diluted EPS were both -¥0.161, compared to ¥0.3042 and ¥0.2904 in Q1 2025.

• Operating cash flow dropped 64.99% year-over-year to ¥1.29 billion.

Financial highlights

• Gross margin and profitability were severely impacted by a significant drop in hog prices, leading to a net loss.

• Operating income and net profit both declined over 150% year-over-year.

• Cash and cash equivalents at quarter-end increased to ¥4.85 billion from ¥3.23 billion at the start of the year.

• Total assets rose 2.96% to ¥92.15 billion compared to year-end 2025.

• Shareholders’ equity decreased 4.09% to ¥40.35 billion.

Outlook and guidance

• Management attributes the loss primarily to falling hog prices and expects continued volatility in the sector.