Chinqin Foods (01583) issued a profit warning. It is expected that the profit attributable to shareholders in the first half of the year was about 4 million yuan to 6 million yuan, a year-on-year decrease of about 73% to 82%

Zhitong Finance App News, Qinqin Foods (01583) announced that the Group expects to generate revenue of approximately RMB 485 million for the six months ending June 30, 2026, a decrease of approximately RMB 45 million, or about 8% compared with revenue of approximately RMB 530 million for the six months ending June 30, 2025. The Group also expects to obtain profits attributable to the Company's shareholders between RMB 4 million and RMB 6 million during the reporting period. Compared with the profit attributable to the Company's shareholders of approximately RMB 22 million for the six months ended June 30, 2025, a decrease of approximately RMB 16 million to RMB 18 million, or about 73% to 82%.

The decline in expected revenue and profit attributable to the Company's shareholders is mainly due to a decrease in sales through traditional sales channels due to a slowdown in consumption in the traditional physical retail industry, partly offset by increased sales through snack food chain channels and growth in OEM OEM manufacturing business; the decline in sales volume of jelly products and rice wine products led to a decrease in the utilization rate and economies of scale of the Company's production facilities, which in turn reduced gross profit by about RMB 22 million and gross margin by about 2 percentage points.