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Anjoy Foods Group Co., Ltd. Class H ( (HK:2648) ) just unveiled an update.
Anjoy Foods Group reported strong first-quarter 2026 operating performance, with principal business revenue rising 30.85% year on year to RMB 4.71 billion, driven by robust gains in quick-frozen flavored and processed products and quick-frozen prepared dishes. Management attributed the growth to a recovering food and beverage consumption environment, easing industry price wars, and optimization of its product portfolio, including successful new and customized products.
Distributor sales and new retail and e-commerce channels led the expansion, with online-related revenue nearly doubling, highlighting the company’s agility and channel transformation capabilities, while supermarket sales declined amid pressure on traditional hypermarkets. Revenue increased across all major regions in China and in overseas markets, underscoring balanced geographic growth and progress in international expansion, which together strengthen Anjoy Foods’ competitive positioning in the frozen food segment.
The most recent analyst rating on (HK:2648) stock is a Buy with a HK$94.00 price target. To see the full list of analyst forecasts on Anjoy Foods Group Co., Ltd. Class H stock, see the HK:2648 Stock Forecast page.
More about Anjoy Foods Group Co., Ltd. Class H
Anjoy Foods Group Co., Ltd. is a mainland China-based food manufacturer listed in Hong Kong that focuses on quick-frozen flavored and processed foods, prepared dishes, and flour and rice products, with a growing presence in bakery items and other related offerings. The company sells mainly through distributor networks, complemented by new retail and e-commerce channels, targeted enterprise customers, and supermarkets across multiple regions in China and overseas markets.
Average Trading Volume: 596,188
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$33.09B
See more data about 2648 stock on TipRanks’ Stock Analysis page.