Wens Foodstuff Group (300498) Q3 2025 earnings summary

Executive summary

• Revenue for the first nine months was ¥75.79 billion, nearly flat year-over-year, but net profit attributable to shareholders dropped 18.29% to ¥5.26 billion due to a significant decline in main product prices and lower gross margins.

• Operating cash flow decreased 34.79% year-over-year to ¥8.20 billion, reflecting lower profitability despite increased sales volume.

Financial highlights

• Revenue for Q3 was ¥25.94 billion, down 9.76% from the same quarter last year.

• Net profit attributable to shareholders for Q3 was ¥1.78 billion, down 65.02% year-over-year.

• Basic EPS for Q3 was ¥0.2678, a 65.11% decrease year-over-year; for the nine months, basic EPS was ¥0.7930, down 18.25%.

• Gross margin and operating profit declined due to product price drops outpacing cost reductions.

Outlook and guidance

• Management notes that while sales volume increased, the sharp drop in product prices led to lower profitability and cash flow.