Anjoy Food's overall product revenue for the first three quarters increased by 0.72% year-on-year

Anjoy Food (02648.HK) announced that in the first three quarters of this year, the overall product revenue increased by 0.72% year-on-year to RMB 11.371 billion, with revenue from frozen prepared foods and frozen dishes increasing by 0.72% and 9.19% year-on-year, while revenue from frozen noodle and rice products decreased by 5.4% year-on-year.

By sales model, revenue from distributors decreased by 0.96% year-on-year, while revenue from direct sales and new retail and e-commerce increased by 23.45% and 25.87% year-on-year, respectively.

By region, the South China region saw the highest year-on-year revenue growth at 16.04%. This was followed by the Northwest and North China regions, which increased by 6.9% and 5.47% year-on-year, respectively. Meanwhile, overseas, Southwest, and East China regions all recorded declines, decreasing by 6.91%, 1.82%, and 1.13% year-on-year, respectively