Foshan Haitian Flavoring & Food reports robust H1 2025 growth, governance updates

Foshan Haitian Flavoring & Food announced a H1 2025 operating income of CNY 14.56bn for its food manufacturing segment, a 10.45% year-on-year increase. Net profit attributable to shareholders rose to CNY 3.91bn, an increase of 13.35%. The board approved a H1 2025 dividend distribution of CNY 2.60 per 10 shares (tax inclusive).

The company also reported a change in registered capital, increasing from CNY 5.56bn to CNY 5.85bn, following the issuance and listing of 291.22m H-shares on the Hong Kong Stock Exchange. Significant amendments to the Articles of Association and related governance documents were approved, including the abolition of the Supervisory Board, with its functions transferred to the Audit Committee.

Furthermore, the board approved a 2025 A-share employee stock ownership plan, utilizing company-repurchased shares, to enhance corporate governance and align employee interests. The plan is capped at 800 individuals, with a total shareholding not exceeding 15% of the company's total share capital, and shares will be acquired at the average repurchase price of HK$ 36.87 per share.