Anjoy Foods Group Co., Ltd. reported solid first-quarter 2026 results, underpinned by strong demand for quick-frozen flavoured and prepared dishes as well as the first full-quarter consolidation of subsidiary Ding Wei Tai.
• Revenue surged 30.84 % year on year to RMB 4.71 billion, outpacing the 27.98 % rise in cost of goods sold. This lifted gross profit to RMB 1.18 billion and expanded the gross margin to 25.0 % from 23.3 % a year earlier.
• Net profit attributable to shareholders climbed 42.74 % to RMB 563.16 million. Stripping out RMB 38.19 million in net non-recurring gains (mainly government grants and fair-value changes), underlying net profit advanced 53.04 % to RMB 524.97 million.
• Operating cash flow rose 54.99 % to RMB 1.04 billion, supported by higher cash receipts from product sales and services. Cash and cash equivalents at quarter-end stood at RMB 5.55 billion, up RMB 0.57 billion from year-end 2025, even after a net RMB 0.32 billion outflow from financing activities mainly tied to debt repayments.
• Total assets were RMB 20.55 billion, down 1.02 % versus end-2025, reflecting lower inventories and trade receivables. Total liabilities fell 15.96 % to RMB 4.09 billion, driven by a 35.6 % reduction in short-term borrowings and lower trade payables. Shareholders’ equity increased 3.63 % to RMB 16.05 billion, lifting the quarterly annualised ROE to 3.57 % (up 0.57 percentage points).
• Capital expenditure remained elevated: construction-in-progress rose by RMB 93.38 million to RMB 416.97 million, signalling ongoing capacity and product-line expansion.
Shareholder structure remained stable. Fujian Guoli Minsheng Technology Development Co., Ltd. held 22.00 % of outstanding shares, while HKSCC Nominees Limited accounted for 12.00 %. Chairman Liu Mingming directly owned 3.69 %.
Looking ahead, management attributes the strong top-line growth to sustained consumer demand for frozen convenience foods and continued product innovation. No forward-looking financial guidance was provided in the announcement.