Foshan Haitian inks lease, Q3 revenue up 6% to $21.6bn

Foshan Haitian Flavouring & Food has entered into a property lease agreement with Foshan Tiande Technology Co., Ltd. for a portion of its premises at No. 29 Jinming Road, Guicheng Street, Nanhai District, Foshan City. The lease, effective from December 1, 2025, to November 30, 2028, will result in the company recognizing a right-of-use asset valued at RMB 67,476,123.43. This transaction is classified as a one-off connected transaction under Chapter 14A of the Listing Rules.

For the first three quarters of 2025, the company reported total operating revenue of RMB 21,627,895,206.21, marking a 6.02% increase year-over-year. Net profit attributable to shareholders rose by 10.54% to RMB 5,322,208,031.39. In addition, Foshan Haitian has invested RMB 3.05 billion in low-risk wealth management products to enhance capital efficiency, utilizing idle funds to generate additional returns.

The company's sales data for the first three quarters of 2025 highlights continued growth across product categories and sales channels. Total operating income from main businesses increased by 8.64% to RMB 20,604,961,712.87, with online channels showing a substantial 32.11% growth.