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Fujian Wanchen Biotechnology Co. Ltd

Fujian Wanchen Food Group Co., Ltd. and its subsidiaries research, develop, cultivate, produce, and sell edible fungi in China and internationally. Its products include white and golden enoki, crab, white jade, deer antler, seafood, and oyster mushrooms. The company also breeds and tests fruit to develop new edible fungi variants, selling through supermarket chains, restaurants, and online food platforms, and it exports its products. Formerly Fujian Wanchen Biotechnology Group Co., Ltd., it changed its name to Fujian Wanchen Food Group Co., Ltd. in January 2026, was founded in 2011, and is headquartered in Zhangpu, China.

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Wanchen Group's first-half revenue hits 34.836 billion yuan, up 54.26% year on year

Haoxianglai's parent company Wanchen Group announced its 2026 interim results on the 28th. First-half operating revenue reached 34.836 billion yuan, up 54.26% year on year, with a gross margin of 12.85%, an increase of 1.44 percentage points. After adding back share-based payment expenses, net profit was 1.938 billion yuan, up 108.58% year on year, and net profit attributable to the parent company was 1.21 billion yuan, up 156.58%. Within this, the core bulk snack business had 23,802 stores and revenue of 34.521 billion yuan, up 54.49% year on year. After adding back share-based payment expenses, net profit was 1.931 billion yuan, with a net margin of 5.59%. As of the end of June, Wanchen Group's store count was close to 24,000, covering 31 provinces, autonomous regions and municipalities nationwide. Haoxianglai had nearly 250 million registered members, and transacting members exceeded 150 million in the first half. The company said that amid structural adjustment in the retail industry, the bulk snack sector has shown growth resilience thanks to high value for money and a pleasant shopping experience. At the same time, through 58 ambient-temperature warehouses and 10 cold-chain warehouses, it has achieved next-day delivery for orders from the vast majority of stores, with an order fulfilment rate above 99%, and has innovatively adopted a consolidated shipping model to empower small and medium-sized upstream suppliers.
300972.CS · Capital · Positive Wanchen Group's H1 revenue rose 54.26% and adjusted net profit jumped 108.58% year on year, with gross margin up 1.44pp.
300972.CS · Demand · Positive Core bulk snack business revenue grew 54.49% with nearly 24,000 stores and over 150 million transacting members in H1.
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China
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Wanchen Group's first-half net profit up 156.58% year on year

Wanchen Group released its 2026 semi-annual report, achieving operating revenue of 34.836 billion yuan, up 54.26% year on year; net profit attributable to shareholders of the listed company was 1.21 billion yuan, up 156.58% year on year. The company plans to distribute a cash dividend of 0.15 yuan per 10 shares, tax included. Based on calculations, the company's second-quarter net profit was 580 million yuan, compared with 630 million yuan in the first quarter, a quarter-on-quarter decline of 7%.
300972.CS · Capital · Positive H1 net profit up 156.58% YoY to 1.21 billion yuan with revenue up 54.26%, plus a cash dividend plan.
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China
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Wanchen Group's first-half net profit up 156.58% year on year; plans cash dividend of 1.5 yuan per 10 shares

Wanchen Group disclosed its 2026 interim report on August 28. During the reporting period, the company achieved total operating revenue of 34.836 billion yuan, up 54.26% year on year. Net profit attributable to shareholders of the listed company was 1.21 billion yuan, up 156.58% year on year. Basic earnings per share were 6.3021 yuan. The company plans to distribute a cash dividend of 1.5 yuan per 10 shares, tax included. In the first half of 2026, the company added a cumulative 5,814 new stores and closed 326, bringing the total number of stores to 23,802 as of June 30.
300972.CS · Capital · Positive H1 net profit up 156.58% YoY with revenue up 54.26% and a planned cash dividend of 1.5 yuan per 10 shares.
300972.CS · Demand · Positive Added 5,814 net new stores in H1 2026, bringing total stores to 23,802, indicating expanding end-customer footprint.
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