Stock Track | ANJOY FOOD Soars 12.65% Intraday on Strong Q1 Earnings Beat

Stock Track
Apr 29

ANJOY FOOD's stock soared 12.65% during intraday trading on Wednesday, following the release of its first-quarter financial results.

The company reported revenue of approximately RMB 4.71 billion, a year-on-year increase of 30.84%, with net profit attributable to shareholders rising 42.74% to about RMB 563 million. The growth was driven by increased market demand, higher sales from quick-frozen prepared foods and dish products, and contributions from its subsidiary Dingweita.

Analysis from Shenwan Hongyuan indicated that ANJOY FOOD's operational performance exceeded expectations, with the company optimizing its product development strategy and channel restructuring accelerating revenue growth. The company also plans to expand into the halal food sector and Southeast Asian markets, enhancing its long-term competitiveness.

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