Understanding the Market | Anjoy Food rose over 4% in the morning, with a 15.27% year-on-year growth in net profit attributable to the parent company after deducting non-recurring gains and losses in the third quarter, and the expansion of major supermarket clients is steadily progressing
Anjoy Food's stock price rose more than 4% in the morning, reaching HKD 64.65, with a transaction volume of HKD 48.6163 million. The company released its performance for the first three quarters of 2025, reporting Q3 total revenue of RMB 3.766 billion, a year-on-year increase of 6.61%; net profit attributable to the parent company of RMB 273 million, a year-on-year increase of 11.8%; and net profit attributable to the parent company after deducting non-recurring gains and losses of RMB 264 million, a year-on-year increase of 15.27%. The company is steadily advancing in the expansion of major clients in supermarkets, emphasizing new product drives and channel innovation, with profitability gradually recovering
According to Zhitong Finance APP, Anjoy Food (02648) rose over 4% in the morning, and as of the time of publication, it was up 4.27%, trading at HKD 64.65, with a transaction volume of HKD 48.6163 million.
On the news front, Anjoy Food recently released its performance for the first three quarters of 2025. Everbright Securities pointed out that the total revenue for Q3 was RMB 3.766 billion, a year-on-year increase of 6.61%, with a net profit attributable to the parent company of RMB 273 million, up 11.8% year-on-year, and a net profit attributable to the parent company after deducting non-recurring items of RMB 264 million, an increase of 15.27% year-on-year. The gross profit margin for Q3 2025 was 19.99%, basically stable year-on-year. Although the acquisition prices for crayfish and fresh fish have risen on the cost side, the sales proportion of the crayfish business, which has a lower gross profit margin, has decreased, positively impacting the overall gross profit margin of the company.
On the channel side, Everbright Securities stated that the revenues from distributors, direct sales, supermarkets, new retail, and e-commerce channels in Q3 2025 were RMB 2.96 billion, RMB 317 million, RMB 220 million, and RMB 270 million, with year-on-year changes of -0.6%, +68.1%, +28.1%, and +38.1%, respectively. The revenue from traditional distributor channels remained basically flat. The company has emphasized fully embracing the customization trend in supermarkets this year, with steady progress in expanding major supermarket clients. Additionally, there has been a significant increase in new retail channels such as special customers and Hema. The firm believes that the company is actively seeking changes in both product and channel aspects, emphasizing new product drives, upgrading and renewing products, and embracing the customization trend in supermarkets. With the easing of industry price competition, the company's profitability is gradually recovering
