QINQIN FOODS (01583) announced its interim results, with a profit attributable to shareholders of 4.937 million yuan, a decrease of 77.1% year-on-year.

QINQIN FOODS (01583) announced its interim results for the six months ending June 30, 2026, with the group achieving revenue of RMB 485 million, a decrease of 8.4% year-on-year; the profit attributable to shareholders was RMB 4.937 million, down 77.1% year-on-year; and earnings per share were RMB 0.007. The announcement stated that the decline in revenue, gross profit, gross margin, and net profit during the reporting period was mainly due to (i) a decrease in sales from traditional retail channels caused by a slowdown in consumption in the traditional retail industry, partially offset by increased sales in the leisure food chain channels and growth in OEM business; and (ii) a decline in sales volume of jelly products and rice wine products, leading to reduced capacity utilization of the company's production facilities and weakened economies of scale, which in turn caused a decrease in the group's gross profit, gross margin, and net profit.