Core Viewpoint - Qinqin Food Group is facing a decline in performance, with a 6.0% drop in revenue and a 10.2% decrease in gross profit in the first half of 2025, indicating ongoing challenges in its core business and product innovation [3][15]. Financial Performance - In 2023, Qinqin Food reported revenues of 981.57 million RMB, with a net loss of 2.06 million RMB, following losses of 1.77 million RMB in 2022 and 80.89 million RMB in 2021 [11][12]. - The company achieved a turnaround in 2024, with revenues of 996.50 million RMB and a profit of 21.13 million RMB, primarily due to the cessation of non-operational losses [12][14]. - In the first half of 2025, Qinqin Food's revenue was 529.75 million RMB, a 6.0% decline year-on-year, with a profit of 21.55 million RMB, down 34.31% from the previous year [17][15]. Product Segments - Qinqin Food's core product, jelly, generated 5.31 billion RMB in sales in 2024, accounting for 53.2% of total revenue, but saw a 6.5% decline compared to the previous year [15][18]. - The puffed food segment, including shrimp chips, reported sales of approximately 1.49 billion RMB in the first half of 2025, a 2.9% decrease [22]. - The company has diversified into other product categories, with candy and other products showing a slight revenue increase of 0.7% in the first half of 2025 [22][23]. Investment and Strategy - Since 2019, Qinqin Food has made several investments in various brands, but these have not significantly contributed to revenue growth, leading to financial strain [9][10]. - The company has been criticized for its low R&D spending, with only 6.05 million RMB allocated in 2024, compared to competitors who invest significantly more [23][24]. - Qinqin Food's strategy to transition from a traditional snack company to a health-focused snack solution provider remains a work in progress, with limited success in product differentiation [25].

Summary of Key Points Core Viewpoint - On August 25, nine Hong Kong-listed companies conducted share buybacks, totaling 1.8064 million shares and an aggregate amount of HKD 577 million [1][2]. Group 1: Buyback Details - Tencent Holdings repurchased 895,000 shares for HKD 551 million, with a highest price of HKD 620.00 and a lowest price of HKD 608.50, bringing its total buyback amount for the year to HKD 43.347 billion [1][2]. - Hang Seng Bank repurchased 200,000 shares for HKD 22.697 million, with a highest price of HKD 113.90 and a lowest price of HKD 112.70, totaling HKD 38.606 million for the year [1][2]. - Beisen Holdings repurchased 200,000 shares for HKD 1.5988 million, with a highest price of HKD 8.09 and a lowest price of HKD 7.86, totaling HKD 34.2558 million for the year [1][2]. Group 2: Buyback Rankings - The highest buyback amount on August 25 was from Tencent Holdings at HKD 551 million, followed by Hang Seng Bank at HKD 22.697 million [1][2]. - In terms of buyback volume, Tencent Holdings led with 895,000 shares, followed by Qinqin Food at 320,000 shares and Beisen Holdings at 200,000 shares [1][2]. Group 3: Notable Events - Qinqin Food's buyback on this date marked its first buyback of the year, while Tencent Holdings has conducted multiple buybacks totaling HKD 43.347 billion for the year [2].

Core Viewpoint - The company, Qinqin Foods (01583.HK), announced a share buyback on August 25, 2023, spending HKD 406,000 to repurchase 320,000 shares [1] Group 1 - The total amount spent on the share buyback was HKD 406,000 [1] - The number of shares repurchased in this transaction was 320,000 [1]

Group 1 - The company, Qinqin Foods (01583), announced a share buyback plan [1] - The company will spend HKD 406,300 to repurchase 320,000 shares [1] - The buyback is scheduled for August 25, 2025 [1]

FF305 表格類別： 股票 狀態： 新提交 公司名稱： 親親食品集團（開曼）股份有限公司（於開曼群島註冊成立的有限公司） 呈交日期： 2025年8月25日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 01583 | 說明 | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 | 佔有關事件前的現有已發 行股份（不包括庫存股 份）數目百分比 (註3) | 庫存股份數目 | ...

Core Viewpoint - Qinqin Food's revenue declined by 6.00% to 530 million RMB in the first half of 2025, with net profit dropping by 34.31% to 21.55 million RMB, primarily due to reduced sales in traditional channels, offset by growth in snack food chains, OEM manufacturing, and export sales [2] Revenue Breakdown - The jelly product category, which has the highest revenue share, saw a revenue decrease of 6.78% to 316.37 million RMB [3] - The puffed food category's revenue fell by 3.25% to 149.03 million RMB [3] - The seasoning product category experienced a significant decline of 17.68% to 34.17 million RMB [3] - The candy and other products category recorded a slight increase of 0.75% to 30.18 million RMB, driven by new product sales [5] Reasons for Revenue Changes - The decline in jelly product sales is attributed to channel changes and increased competition from lower-priced products [3][4] - The drop in puffed food revenue is mainly due to weak performance in traditional sales channels [4] - Seasoning product revenue decreased due to strategic adjustments, focusing on core profitable products and reducing product categories [4] Profitability and Strategy - The gross margin for the seasoning product category improved by approximately 0.9 percentage points to 36.5% due to adjustments in pricing, customers, and channels [4] - The company plans to optimize product structure and sales strategies, focusing on new products like "potato chips," "Qinqin Circle," and "seaweed crispy fruit" to stimulate sales and enhance profitability [4]

Core Insights - The company reported a revenue of 530 million yuan for the fiscal year ending June 30, 2025, representing a 6% decline year-on-year [1] - Gross profit was 154 million yuan, down 10.2% compared to the previous year, with a gross margin of 29.1% [1] - Net profit attributable to shareholders was 21.55 million yuan, reflecting a significant decrease of 34.3% year-on-year [1] Business Challenges - The company faces challenges from a reduction in traditional sales channels and intensified competition from emerging snack brands [1] - Sales of jelly products saw the most significant decline, while puffed and seasoning products also experienced a downward trend [1] - Conversely, sales of candy and other products showed a slight increase [1] Strategic Adjustments - The company plans to continue adjusting its product strategy and strengthen brand influence to adapt to market changes [1] - There has been some growth in OEM (Original Equipment Manufacturer) and export businesses, indicating a potential area for future development [1]

Core Viewpoint - The company reported a decline in sales revenue and profitability for the first half of 2025, primarily due to reduced sales in traditional channels, although some growth was seen in leisure food chains, OEM manufacturing, and export businesses [1] Financial Performance - The total sales revenue for the first half of 2025 was approximately RMB 529.7 million, representing a year-on-year decrease of 6.0% [1] - Gross profit for the period was about RMB 154.2 million, down 10.2% year-on-year, with a gross margin of 29.1%, a decrease of approximately 1.4 percentage points compared to the previous year [1] - The profit attributable to shareholders was approximately RMB 21.55 million, reflecting a year-on-year decrease of 34.31% [1] Factors Affecting Performance - The decline in revenue was mainly attributed to reduced sales in traditional channels, which was partially offset by growth in leisure food chains, OEM manufacturing, and export sales [1] - The overall decrease in sales volume led to reduced economies of scale, contributing to the decline in gross profit and gross margin, with gross profit and margin decreasing by approximately RMB 17.5 million and 1.4 percentage points, respectively, compared to the same period last year [1] - The company recorded a one-time gain of RMB 5.5 million from the disposal of property, plant, and equipment, primarily from the sale of land use rights and related facilities in Hubei Province [1] - A one-time impairment loss of RMB 5.4 million was recognized for a construction project in Hubei Province that the company decided not to pursue further [1]

报告期内收入的下降，主要是由于传统销售渠道的销售减少，部分被向休闲食品连锁、OEM代工制造 业务及出口业务的销售增长所抵销。 智通财经APP讯，亲亲食品(01583)发布截至2025年6月30日止6个月中期业绩，该集团取得收入人民币 5.3亿元(单位下同)，同比减少6%;公司股东应占利润2155.1万元，同比减少34.3%;每股收益0.029元。 ...

报告期内收入的下降，主要是由于传统销售渠道的销售减少，部分被向休闲食品连锁、OEM代工制造 业务及出口业务的销售增长所抵销。 亲亲食品(01583)发布截至2025年6月30日止6个月中期业绩，该集团取得收入人民币5.3亿元(单位下 同)，同比减少6%;公司股东应占利润2155.1万元，同比减少34.3%;每股收益0.029元。 ...