Frozen food maker Anjoy Foods Group Co. Ltd. (2648.HK; 603345.SH) announced on Tuesday that its revenue for the first quarter of 2026 rose 30.84% year-on-year to 4.71 billion yuan ($690 million), while its net profit jumped 42.74% to 563 million yuan.
The company attributed the revenue and profit growth to stronger demand for its products, with higher sales of prepared frozen foods and ready-to-cook dishes, as well as contributions from its subsidiaries. Increased cash collections also helped boost the company’s operating cash flow.
Founded in 2001 and headquartered in Xiamen, Anjoy is one of China’s leading frozen food producers, specializing in products such as fish balls, shrimp paste and hotpot ingredients. It mainly serves restaurants and food retailers, benefiting from the growth of chain dining and rising demand for prepared foods among Chinese consumers.
Anjoy’s stock opened higher on Wednesday and was trading at HK$90 by the midday break, up 8.43%. The stock has gained about 35% so far this year.
By Lee Shih Ta
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