Shandong Huifa Foodstuff Co

Huifa Foodstuff plans to acquire the 49% stake held by minority shareholder Beijing Tongtai in its controlling subsidiary Jiuheng Huitong for 9.3959 million yuan. After the transaction, its shareholding will rise from 51% to 100%, making Jiuheng Huitong a wholly owned subsidiary. The deal constitutes a related-party transaction because company deputy general manager Li Yujun serves as chairman of Jiuheng Huitong. According to the appraisal report, the market value of Jiuheng Huitong's net assets is 24.96 million yuan, and after deducting undistributed profits the actual net assets are 19.18 million yuan. In the first quarter of 2026, Huifa Foodstuff achieved revenue of 334 million yuan and net profit attributable to the parent of 700,000 yuan.

Huifa Foodstuff disclosed its performance forecast, expecting to achieve a net profit attributable to shareholders of 3.2 million yuan to 4 million yuan in the first half of 2026, compared with a loss of 29.9936 million yuan in the same period last year, turning around from loss to profit year-on-year. The company's net profit excluding non-recurring gains and losses is expected to be a loss of 5 million yuan to 6.5 million yuan, narrowing from a loss of 30.534 million yuan in the same period last year. The company stated that the improvement in performance was mainly due to focusing on its main business, optimizing management, expanding markets and channels, and enhancing profitability through measures such as regional penetration, product mix promotion, and reducing the operation of low-yield supply chain projects. At the same time, the sale of idle land use rights increased non-recurring gains and losses.