RICHEN(SH:603755) Zheng Quan Zhi Xing·2025-08-22 16:29Core Viewpoint - Qingdao Richen Food Co., Ltd. reported a total operating revenue of 203.20 million yuan for the first half of 2025, representing an 8.70% increase compared to 186.95 million yuan in the same period of 2024 [1][2] Summary by Category Main Business Revenue by Product - Sauce seasonings generated revenue of 146.04 million yuan, down 1.51% from 148.28 million yuan in 2024 - Powder seasonings saw revenue increase to 45.39 million yuan, up 20.13% from 37.78 million yuan - Food additives revenue rose by 45.29% to 1.28 million yuan from 0.88 million yuan - The acquisition of Jiaxing Aibeibang Food Co., Ltd. contributed to the inclusion of frozen dough products in the baking category starting April 2025 [1] Main Business Revenue by Channel - Revenue from the catering channel increased by 6.38% to 96.36 million yuan from 90.58 million yuan - Food processing revenue grew by 6.91% to 68.75 million yuan from 64.31 million yuan - Brand customization revenue surged by 24.51% to 31.27 million yuan from 25.12 million yuan - Direct supermarket sales skyrocketed by 382.56% to 4.29 million yuan from 0.89 million yuan - Direct e-commerce sales decreased by 36.85% to 0.88 million yuan from 1.40 million yuan - Revenue from retail distributors fell by 64.62% to 1.65 million yuan from 4.65 million yuan [1] Main Business Revenue by Region - Revenue in East China increased by 9.66% to 140.71 million yuan from 128.31 million yuan - North China revenue decreased by 10.91% to 29.59 million yuan from 33.21 million yuan - Northeast revenue slightly declined by 1.49% to 8.46 million yuan from 8.59 million yuan - Central China revenue grew by 8.71% to 8.67 million yuan from 7.98 million yuan - South China revenue surged by 84.82% to 13.83 million yuan from 7.48 million yuan - Other regions saw a 41.46% increase in revenue to 1.94 million yuan from 1.37 million yuan [1] Distributor Changes - The company primarily employs a direct sales model, with retail distributor revenue accounting for only 0.81% of total operating revenue - The number of retail distributors stood at 47 during the reporting period [1]