Asia
Qinqin Foodstuffs Expects H1 Profit to Fall Up to 82%
Qinqin Foodstuffs Group (Cayman) (HKG:1583) expects to report profit attributable to shareholders of 4 million yuan to 6 million yuan for the first half of 2026, down 73% to 82% from 22 million yuan a year earlier.Revenue is expected to decline 8% to about 485 million yuan from 530 million yuan a year earlier, according to a Hong Kong bourse filing.The food products manufacturer attributed the forecast to lower sales through traditional retail channels amid softer consumer spending, as well as lower sales volumes of jelly and rice wine products.The company's results for the first half are expected to be published in mid-August.Shares of the company rose over 2% in recent trade.
HKG:1583
