Jonjee Hi-Tech reports H1 2025 revenue decline, announces leadership changes

Jonjee Hi-Tech reported an 18.58% decrease in operating revenue to CNY 2,131,949,236.06 for the first half of 2025, primarily due to an 18.39% decline in its main business sector, condiment sales. Net profit attributable to shareholders also fell by 26.56% to CNY 256,854,186.02. The company attributes the revenue decline to proactive supply chain optimization and destocking efforts among distributors. In conjunction with these results, the company's board approved the termination of a 2021 non-public A-share offering and a share repurchase program for 481,978 restricted shares due to employees no longer meeting incentive conditions.

The board also announced key leadership changes, appointing Mr. Yu Xiangyang as general manager, Ms. Lin Ying as executive vice general manager and CFO, and Mr. Chen Daijian as vice general manager, with Ms. Yu Manni as board secretary. These appointments, along with a proposal to reduce registered capital from 778,991,206 shares to 778,509,228 shares, require shareholder approval at the upcoming 2025 Third Interim Shareholders' Meeting scheduled for September 15, 2025. Amendments to the company's articles of association and remuneration policies for core management will also be voted on.