The operational summary and outlook for Haitian Flavoring (603288.SS) are as follows:
Major Developments in 2026 Q1
- Steady Performance Growth: Both revenue and net profit grew in 2026 Q1, with net profit increasing by 10.97% YoY, demonstrating the operational resilience of the leader in the seasoning industry.
- Enhanced Profitability: Gross profit margin increased by 2 percentage points to 42%, primarily driven by declining raw material costs (such as soybeans and packaging materials), as well as economies of scale and improved supply chain efficiency from the construction of smart factories.
- Product and Channel Optimization:
- Product Portfolio: Core categories such as soy sauce and oyster sauce remained stable, while healthy new products (e.g., low-salt and organic series) gained traction, driving revenue growth.
- Channel Deepening: Offline channels continued to penetrate lower-tier markets; online and instant retail channels performed exceptionally well, with online revenue growing by 19.6% in Q1.
Next Quarter Outlook and Mid-to-Long Term Strategy
- Market Momentum: After adjusting, the food and beverage industry is entering a new normal of moderate growth. Demand in the second half of the year is expected to further improve alongside the recovery of the catering supply chain.
- International Expansion: The company is accelerating its global push, aiming to increase international export volume through its Vietnam hub, with a goal of achieving 15% export growth within 2026.
- Operational Focus: Continue promoting digitalization and automated production, leveraging big data analysis to capture consumer demand for healthy and differentiated products, and maintaining market share through refined terminal management.
EPS Forecast for the Upcoming Year
Based on analysis from market research institutions (such as Huajin Securities), the projected EPS for Haitian Flavoring from 2026 to 2028 is as follows:
| Year | Projected EPS (RMB) |
| 2026 | 1.33 |
| 2027 | 1.48 |
| 2028 | 1.61 |
Note: The data above is based on market consensus forecasts. Actual performance may fluctuate due to macroeconomic conditions and the risk of intensified competition.
Data Sources:Finet10jqkaTradingView
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