Haitian buys Amoy Food as Haitian stock sits 21.86 percent below high

Published on 10/06/2026 at 07:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue hit CNY 16.15 billion in the first half of 2026, up 6.04 percent. For Haitian stock, market value was CNY 184.4 billion on September 30, 2026.

Haitian, CNE100001SL2, Illustration mit AI erstellt.

Foshan Haitian Flavouring and Food Company (CNE100001SL2) completed its acquisition of Amoy Food on September 11, 2026, while its stock stood 21.86 percent below the CNY 42.45 52-week high on September 30, 2026. MarketScreener reported the transaction and identified Haitian as Shanghai-listed company 603288.

Amoy expands Haitian distribution

The acquisition brings Amoy Food's soy sauce, oyster sauce, seasoning sauce and frozen dim sum portfolio into Haitian's wider condiment business. Yahoo Finance reported that the companies plan to integrate distribution channels, production networks and supply chains.

The deal adds an international brand with a sales network spanning more than 30 countries and regions. Haitian's product range includes soy sauce, oyster sauce, vinegar, ketchup and other seasonings, giving the transaction a direct connection to its existing food-processing operations.

Revenue rises while profit improves

In the first half of 2026, revenue reached CNY 16.15 billion, up 6.04 percent from CNY 15.23 billion in the same period of 2025. The same Yahoo Finance report said operating profit increased to CNY 4.96 billion from CNY 4.66 billion in the first half of 2025, while net profit attributable to shareholders rose 7.20 percent to CNY 4.19 billion.

The latest financial data also show a mixed quarterly pattern. Revenue was CNY 7.12 billion in the second quarter of 2026, compared with CNY 9.03 billion in the first quarter, while net income was CNY 1.75 billion versus CNY 2.44 billion. The first-half comparison remains more useful for the acquisition story because it captures the period immediately before the Amoy transaction.

Stock stays below yearly high

On September 30, 2026, the stock was trading at CNY 33.17 on the Shanghai Stock Exchange. That price was CNY 9.28 below the CNY 42.45 52-week high, a gap of 21.86 percent, while market capitalization stood at CNY 184.4 billion.

The combination of moderate first-half growth, faster profit expansion and a larger condiment portfolio gives the acquisition a measurable operating backdrop. For investors, the key comparison is between the 6.04 percent revenue increase in the first half and the 7.20 percent rise in attributable net profit.