Changes in Hong Kong stocks | Yihai International (01579) rose nearly 4%, the company's revenue for the first half of the year was better than market expectations, contributing significantly to the increase in overseas and overall B-side business

The Zhitong Finance App learned that Yihai International (01579) rose nearly 4% in the morning. As of press release, it had risen 3.69% to HK$14.61, with a turnover of HK$267.104 million.

According to CICC's research report, it is estimated that Yihai International's 1H26 revenue is expected to increase by 13.4%, better than market expectations, mainly due to the better-than-expected performance of related parties; net profit is expected to increase by 15-16%, in line with expectations. The bank believes that considering the long-term growth drivers of third parties, the company's dividend ratio of 90% or more corresponds to a 26-year dividend rate of about 7%, which is highly attractive for investment.

The report points out that, benefiting from the 1Q26 Spring Festival mistake and the company's active expansion of the B-side business, it is expected that the revenue of hot pot base will increase by 15-20% in the first half of the year; due to limited growth in old products such as crayfish and sauerkraut fish seasoning, etc., the new volume such as the small B-side is expected to make a significant contribution in the second half of the year. It is expected that 1H26 instant food will increase by the same number of digits in the first half of the year. The overall third party is expected to increase by the same double digits in the first half of the year. and the overall B-side business are expected to increase and surpass 30%, the incremental contribution is significant.