WEILONG Delicious Global (9985) H1 2026 earnings summary

Executive summary

• Revenue rose 6.7% year-over-year to RMB3,714.9 million, driven by product innovation and channel optimization.

• Gross profit increased 8.1% to RMB1,775.7 million, with margin up 0.6 points to 47.8%.

• Net profit grew 4.0% to RMB765.5 million, with net margin at 20.6%.

• Interim and special dividends declared, totaling RMB0.28 per share, representing 90% of net profit.

Financial highlights

• Distribution and selling expenses rose 26.9% to RMB669.2 million, mainly due to increased brand promotion.

• Administrative expenses increased 11.7% to RMB224.6 million, reflecting investment in talent and digital systems.

• Net finance income up 24.8% to RMB99.8 million; income tax expense down 13.8% to RMB251.9 million.

• Cash and equivalents decreased 10.1% to RMB7,120.0 million, mainly due to capex and dividend payments.

• Gearing ratio improved to 23.5% from 30.1% at year-end 2025.

Outlook and guidance

• Focus on health-oriented, diversified, and personalized product innovation.

• Continued omni-channel expansion, digitalization, and supply chain optimization.

• Plans to further penetrate core overseas markets and enhance brand engagement.