QINQIN FOODS (01583) announced an expected net loss of RMB1.00 million to RMB3.00 million for the year ended 31 December 2025, compared to a net profit of approximately RMB21.00 million the previous year. According to the announcement, the primary cause was a decrease in sales through traditional channels, partially offset by gains in snack food chain, OEM manufacturing, and export segments. Reduced economies of scale further drove a decline in gross profit of roughly RMB32.00 million.

Additionally, the group reported a one-off gain of about RMB5.00 million from the disposal of property, plant, and equipment, mainly related to the sale of land use rights and related assets in Xiantao City, Hubei Province. However, it recorded a one-off impairment loss of roughly RMB7.00 million on construction in progress due to the decision not to proceed with a project in Xiaogan City, Hubei Province.

The final audited results are expected to be published in mid-March 2026.