To The Moon

Jiangxi Huangshanghuang Group Food Co., Ltd. has released its Q3 2025 report. For the first three quarters of 2025, the company achieved operating revenue of approximately 1.379 billion yuan, a decrease of 5.08% year-on-year. Meanwhile, net profit attributable to shareholders grew to about 101 million yuan, marking an increase of 28.59% year-on-year; net profit excluding non-recurring gains and losses was about 88.46 million yuan, up 38.87% year-on-year. On August 11, 2025, the board of directors approved a proposal to acquire a controlling stake in Fujian Lixing Food Co., Ltd. for 49.47 million yuan, securing 51% of the company’s shares from its original shareholders. During the reporting period, the share transfer was completed, and Lixing Food was incorporated into the company’s consolidated financials as of September 2025. Established in 2006, Lixing Food specializes in product development, manufacturing, and distribution, focusing on providing professional OEM/ODM services while also emphasizing its own brand development. Its product range includes fruits, vegetables, instant foods, coffee, tea, high-end beverages, dairy products, chocolates, baby food, as well as plant extracts and concentrates. Lixing Food operates 37 freeze-drying production lines and an 8000-square-meter freeze-dryer facility, with an annual output of nearly 6000 tons of freeze-dried products and about 10,000 tons of plant extracts and concentrates, ranking high nationally in production capacity and market share. Huangshanghuang has indicated that its current consumer base largely consists of those who enjoy traditional cuisine. In contrast, freeze-dried foods are not only sold through retail channels but also applied in sectors such as aerospace, military, outdoor adventures, and healthcare, targeting different consumer groups. This acquisition enables the company to leverage Lixing Food's sales channels and market resources to penetrate emerging markets, reach a broader audience, and diversify its market expansion.