Haixin Foods forecasts deeper losses for first half 2025

Haixin Foods projects net losses of RMB 16-21 million for the first half of 2025, representing a 25-65% increase from the previous year's RMB 12.8 million loss.

The company blames increased expenses and underutilized capacity at subsidiary Fujian Changheng Foods, which began operations in late 2024. Sales fell short of expectations as new product categories have not reached scale, while the company increased market promotion and advertising investments.