A-Kuan Food Trading Suspended: A-Kuan Food's Profit Plummets 90%

On October 21, Akuan Food, which once went viral thanks to its "red oil noodles," officially suspended trading after 720 days listed on the New Third Board. According to 21 Finance, as of the suspension, Akuan Food's share price was 7.48 yuan, with a total market value of 625 million yuan. Previously, on September 24, Akuan Food had disclosed that it would voluntarily apply to terminate its listing, citing "the company's own strategic planning." Akuan Food rose to fame because of its "red oil noodles," with revenue surpassing the 1 billion yuan mark in 2020. In 2021, it began seeking to enter the capital markets under the positioning of "the first stock of new-style instant food," targeting the ChiNext, the main board, and the New Third Board in succession. After completing multiple rounds of financing in 2021, its valuation at one point approached 4 billion yuan. Looking at Akuan Food's client list, it has done OEM manufacturing for a large number of brands, including Ma Liu Ji, Three Squirrels, Li Ziqi, Be&Cheery, and Zhao Yiming. Financial reports show that in 2025, Akuan Food's operating revenue was 1.224 billion yuan, marking its first double-digit decline, while net profit plunged 90% year on year. In the first half of 2026, its operating revenue fell 2.44% year on year.