Tuesday, April 21, 2026. Get the key food industry news in just three minutes. You don't need to be great to start, but you need to start to be great.
The large-scale store closures at Yonghui Superstores Co.,Ltd. have concluded. Recently, the company's Chairman Zhang Xuansong stated that the period of mass store shutdowns is over, and the renovated stores have already achieved revenue growth. He indicated that the store transformation initiative has now entered its second phase, shifting from initial "rapid adjustments" towards "refined management" and "strengthening professional capabilities." By the end of the first quarter, a total of 327 Yonghui Superstores Co.,Ltd. locations nationwide had undergone renovations.
Wanglaoji and Portugal's Wang's Foods have signed a cooperation agreement. From April 19th to 20th, a delegation led by Li Xiaojun, Chairman of Guangzhou Pharmaceutical Holdings, and Fang Dafeng, Chairman of Wanglaoji Great Health Company, conducted market research and business negotiations in Lisbon, Portugal. The formal signing ceremony with Portugal's Wang's Foods International Import & Export Co. took place at the "Macao-Portugal Economic and Trade Cooperation Promotion Conference," organized by the Macao SAR government. Fang Dafeng outlined the next phase of market strategy, proposing to leverage Wang's Foods' distribution resources to accelerate the entry of Wanglaoji products into mainstream Portuguese retail channels, with a focus on promoting the WALOVI international brand.
Ganyuan Food reported first-quarter revenue of 618 million yuan. On April 21st, Ganyuan Food announced its financial results for the first quarter of 2026, achieving operating revenue of 618 million yuan, a year-on-year increase of 22.51%. Net profit attributable to shareholders of the listed company was 66.3301 million yuan, rising 25.73% compared to the same period last year.
Kylian Mbappé endorses Dongpeng's "Rehydrate" drink. On April 20th, Dongpeng Beverages' electrolyte drink brand "Rehydrate" officially announced the signing of football superstar Kylian Mbappé as its brand ambassador. As another major product for Dongpeng Beverages, "Rehydrate" generated revenue of 3.274 billion yuan in 2025. With the addition of this superstar endorsement, its performance in 2026 is highly anticipated.
Yihai Kerry Arawana Holdings Co.,Ltd. reported total 2025 revenue of 245.1 billion yuan. On April 18th, Yihai Kerry Arawana Holdings Co.,Ltd. disclosed its annual report for 2025. The company achieved total operating revenue of 245.126 billion yuan, a year-on-year increase of 2.87%. Net profit attributable to shareholders was 3.153 billion yuan, up 26.01% year-on-year. Net profit after deducting non-recurring gains and losses was 2.845 billion yuan, surging 193.68% compared to the previous year. Net cash flow from operating activities reached 15.445 billion yuan, an increase of 155.80%.
Jiajiayue reported first-quarter revenue exceeding 5 billion yuan. On April 18th, Jiajiayue disclosed its first-quarter report for 2026. The company achieved total operating revenue of 5.049 billion yuan, a year-on-year increase of 2.18%. Net profit attributable to shareholders was 152 million yuan, up 6.96% year-on-year. Net profit after deducting non-recurring gains and losses was also 152 million yuan, rising 7.67% compared to the same period last year. Net cash flow from operating activities was 959 million yuan, an increase of 24.15%.
Zhongjing Food reported growth in both revenue and profit for the first quarter. On April 20th, Zhongjing Food disclosed its first-quarter report for 2026. From January to March 2026, the company achieved operating revenue of 296 million yuan, a year-on-year increase of 6.78%. Net profit attributable to shareholders of the listed company was 53.7114 million yuan, increasing 10.93% year-on-year. Net profit attributable to shareholders after deducting non-recurring gains and losses was 52.441 million yuan, up 10.85% compared to the same period last year. As of the end of the first quarter, the company's total assets were 2.109 billion yuan, a year-on-year increase of 3.44%, and equity attributable to shareholders of the listed company was 1.852 billion yuan.
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