Packaged Foods and Meats

Wanchen Group

Wanchen Group released FY2026 Q1 earnings on April 28 After-Market (BJT), actual revenue CNY 16.63 B (forecast CNY 16.63 B), actual EPS CNY 3.1167

Wanchen Group to Release FY2026 Q1 Earnings on April 29 After-Market (BJT), Forecast Revenue CNY 15.21 B

Wanchen Group released FY2025 Q4 earnings on March 17 After-Market (BJT), actual revenue CNY 14.9 B (forecast CNY 15.53 B), actual EPS CNY 2.4098

Wanchen Group released FY2025 earnings on March 17 After-Market (BJT), actual revenue CNY 51.46 B (forecast CNY 52.13 B), actual EPS CNY 6.7759 (forecast CNY 6.342)

Wanchen to Release FY2025 Earnings on March 18 After-Market (BJT), Forecast Revenue CNY 52.13 B, EPS CNY 6.342

Wanchen Biotechnology released FY2025 9 Months Earnings on October 21 After-Market (BJT), actual revenue CNY 36.56 B, actual EPS CNY 4.3379

Wanchen Biotechnology released FY2025 Q3 earnings on October 21 After-Market (BJT), actual revenue CNY 13.98 B, actual EPS CNY 1.9113

Wanchen Biotechnology to Release FY2025 Q3 Earnings on October 22 After-Market (BJT)

Wanchen Biotechnology released FY2025 Semi-Annual Earnings on August 28 During-Market (BJT), actual revenue CNY 22.58 B, actual EPS CNY 2.4184

Wanchen Biotechnology released FY2025 Q2 earnings on August 28 During-Market (BJT), actual revenue CNY 11.76 B, actual EPS CNY 1.3554

Wanchen Group to Release FY2025 Semi-Annual Earnings on August 29, 2025 (BJT)

Wancheng Group Executives Increase Shareholding

Wancheng Group Sees Significant Growth and Launches Equity Incentive Plan

Wanchen Group Acquires 49% Equity in Nanjing Wanyou and Transfers Shares

Wancheng Group's Snack Business Rises Rapidly

Takeout Platform Subsidies Drive Up Bulk Snack Orders

Executives of Wanchen Group Announce Share Reduction Plans

Zhangzhou Jin Wancheng Plans to Reduce Holdings in Wancheng Group

Wancheng Group's Executives Selling Shares Leads to Price Drop

Wancheng Group Executives Reduce Shares by 33,000 on June 27

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Wallstreetcn

Wanchen Group's revenue exceeds 50 billion, with profits and dividends both entering the "realization period."

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Goldman Sachs initiates coverage on BUSYMING and Wanchen, giving a buy rating with target price upside potential of 23% and 33%, respectively. The two leading companies together account for approximately 70% of China's bulk snack market, cutting out multiple distribution layers through direct procurement, making similar products 20%-30% cheaper than supermarkets. Goldman Sachs expects the industry's GMV to reach 319 billion yuan by 2028 and states that hard discount retail may be the most significant structural change in Chinese retail over the next decade

- The Chinese retail industry is experiencing a structural change, with online e-commerce being challenged by a new offline model: Hard Discount retail.  
- Goldman Sachs has initiated coverage on two leading companies—Mingming Hen Mang and Wancheng Group—projecting significant stock price increases, driven by discounts and supply chain efficiency.  
- The hard discount sector is set to grow rapidly, with expectations of a 13% annual growth rate from 2025 to 2028, reshaping competition from brand-driven strategies to those focused on efficiency and cost.

BUSYMING

Goldman Sachs initiates coverage on BUSYMING and Wanchen, stating that discount stores are undergoing "structural changes" in Chinese retail

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HSBC's research report pointed out that due to the extended Spring Festival holiday, both domestic tourism numbers and consumption have significantly increased, with hotel performance exceeding expectations. The report forecasts that revenue per available room during the Spring Festival will achieve double-digit growth, mainly benefiting from the increase in room rates and occupancy rates. The average stock price of the three major hotel companies rose by 6.1%. The report is optimistic about BUSYMING, Wanchen, Weilong, Moutai, Midea, JINJIANG HOTELS, and BTG Hotels, all of which are given a "buy" rating

AASTOCKS

JINJIANG HOTELS

BTG Hotels

HSBC Research: This Year's Spring Festival Holiday Extension Expected to Boost Hotel Performance Beyond Expectations

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As of February 13, since 2026, 63 institutions have conducted 1,827 ratings, with 932 individual stocks receiving a "buy" rating. These are mainly concentrated in the electronics, machinery equipment, and power equipment industries. 26 individual stocks have had their ratings upgraded, including Weichai Power, SERES, JAC, and Wanchen

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Weichai Power

GF CSI All Share Power Public Service ETF

SERES

WEICHAI POWER

26 stocks have been upgraded to "Buy" by institutions

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36Kr learned from Cainiao that with the Spring Festival approaching, the consumption of New Year goods is experiencing explosive growth. The order volume in the food industry of Cainiao's global supply chain has increased by over 35% year-on-year, with Wanchen Group, Bottle Planet, and Pepsi's snack chain stores, Meijian Qingmei liquor, Lays potato chips, as well as Seamild, Jianlibao, and Bestore brands of cereals, beverages, and nuts leading the charge

China Merchants Guozheng Food and Beverage ETF

ChinaAMC CSI Food & Beverage Sub-Industry ETF

Bestore

Seamild Foods

CaiNiao Global Supply Chain's order volume in the food industry increased by over 35% year-on-year

Ming Ming is very busy and has become the first stock in the Hong Kong market for bulk snacks, having passed the Hong Kong Stock Exchange hearing. By the end of September 2025, the number of Ming Ming stores is expected to increase to 19,517, with revenue reaching 46.371 billion yuan, a year-on-year increase of 75.2%. Its gross profit margin and net profit margin have also improved, reaching 9.7% and 3.9%, respectively. Compared to Wanchen Biotechnology, the total number of stores for both companies is close to 40,000, with the bulk snack channel occupying an important position in the leisure food industry

Mingming is very busy and is the first to "cross the line": The competition for the first stock of bulk snacks in Hong Kong has been settled

Wanchen Biotechnology announced that the company held the 39th meeting of the fourth board of directors on November 4, 2025, and approved the proposal on external donations. The company plans to sign an agreement with the Jiangsu Provincial Charity Federation, whereby the company or its holding subsidiary will donate RMB 5 million to the Jiangsu Provincial Charity Federation. This external donation does not involve related party transactions and does not constitute a major asset reorganization as defined by the Administrative Measures for Major Asset Restructuring of Listed Companies

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Wanchen Biotechnology: Plans to donate 5 million yuan to the Jiangsu Provincial Charity Federation

Wanchen Biotechnology released its Q3 2025 report, with operating revenue for the first three quarters reaching 36.562 billion yuan, a year-on-year increase of 77.37%; net profit attributable to shareholders was 855 million yuan, a year-on-year increase of 917.04%; net profit excluding non-recurring gains and losses was 806 million yuan, a year-on-year increase of 955.27%; basic earnings per share were 4.684 yuan

Wanchen Biotechnology released its performance for the first three quarters, with a net profit attributable to the parent company of 855 million yuan, an increase of 917.04%

36Kr learned that Wanchen Biotechnology released its third-quarter financial report. The report shows that in the third quarter, the company achieved operating revenue of 13.98 billion yuan, a year-on-year increase of 44.15%; the net profit attributable to shareholders of the listed company was 383 million yuan, a year-on-year increase of 361.22%; basic earnings per share were 2.0436 yuan

Wanchen Biotechnology: Third quarter net profit attributable to shareholders was 383 million yuan, a year-on-year increase of 361.22%

According to the Qichacha APP, recently, Nanjing Wanyue Supply Chain Management Co., Ltd. was established, with Xu Shungen as the legal representative. The business scope includes supply chain management services; business management consulting; domestic freight forwarding, etc. Qichacha's equity penetration shows that the company is wholly owned by Wanchen Biotechnology

Wanchen Biotechnology has established a new supply chain management company in Nanjing

Wanchen Group(300972.SZ)