Qiyunshan Food (02797) announced interim results, net profit of about 20.6 million yuan, a year-on-year decrease of 13.8%

According to the Zhitong Finance App, Qiyunshan Food (02797) announced its 2026 interim results, with revenue of about 168 million yuan, an increase of 4.4% over the previous year. Gross profit was about 84.9 million yuan, an increase of 2.2% over the previous year. Net profit was approximately RMB 20.6 million, a year-on-year decrease of 13.8%. Earnings per share were $0.27.

According to the announcement, the increase in revenue was mainly due to the increase in online direct sales revenue in 2026. The decrease in net profit was mainly due to an increase in gross profit driven by increased revenue growth, but was offset by an increase in sales expenses and R&D expenses due to the expansion of e-commerce marketing strategies and increased investment in R&D projects.