Recently, Huanlejia Food Group Co., Ltd. released its Q3 2025 financial report, drawing attention to Li Kangrong, the company’s vice president and younger brother of Chairman Li Xing. Public records show that Li Kangrong, born in 1977, holds a non-permanent Hong Kong ID and permanent residency in Gambia. His educational background is listed as a bachelor’s degree, though the institution remains undisclosed, with the information updated as of June this year.
However, Huanlejia’s 2021 IPO prospectus stated Li held a college diploma, suggesting he may have upgraded his qualifications in recent years. Li joined Huanlejia in 2001 and currently serves as VP and Procurement Director, with over two decades at the company. His 2024 salary rose by 100,000 yuan to 2.405 million yuan, the highest raise among the seven VPs, though his pay remains on par with peers.
Notably, Li holds 3.812 million company shares—the only VP with equity—entitling him to a 1.1436 million yuan dividend based on the 2024 payout of 0.30 yuan per share (pre-tax).
Financially, Huanlejia’s Q1–Q3 revenue fell 22.2% year-on-year to 1.04 billion yuan, with net profit plunging 87.4% to 10.53 million yuan. Q3 alone saw a 25.5% revenue drop to 294 million yuan and a net loss of 8.0257 million yuan, down 713.9% YoY.
Industry observers note intensifying competition in coconut-based beverages, pressuring Huanlejia’s market position.
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