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Yike Food reported a net loss attributable to shareholders of 280 million yuan in 2025, with a turnaround in the fourth quarter but pressure on the full year, and an 82.18% surge in R&D expenses.
In 2025, the company's revenue reached 18.962 billion yuan (a year-on-year decrease of 9%), with a net loss attributable to shareholders of 280 million yuan, turning from profit to loss with a significant expansion in losses. The main cause was the contraction in gross profit margin, as the decline in prices of duck products and ducklings exceeded the reduction in costs. Although there was an increase in the proportion of chicken products, R&D expenses surged by 82%, and the fourth quarter saw a return to profitability; however, the overall pressure on core operations persisted throughout the year. Declining cash flow, elevated short-term debt, and tight liquidity underscored operational challenges amid the industry's cyclical downturn.
Yike Food (301116.SZ): Achieved a net profit attributable to shareholders of RMB 31.3442 million in Q1.
Gelonghui, April 24th – Yike Food (301116.SZ) released its Q1 2026 report. During the reporting period, the company achieved operating revenue of 4.532 billion yuan, representing a year-on-year increase of 9.47%; net profit attributable to shareholders of the listed company was 31.3442 million yuan, while net profit attributable to shareholders after deducting non-recurring gains and losses was 32.0922 million yuan. The basic earnings per share were 0.0698 yuan.
Yike Foods: Summary of the 2025 Annual Report
Yike Foods: First Quarter Report for 2026
Yike Foods: 2025 Annual Report
The badminton market cools down: multiple factors such as restored production capacity and nylon substitution break the myth of price hikes.
①After the Spring Festival in 2026, the badminton market, which had been 'feverishly' hot for three years, began to cool down. Multiple mainstream brands successively announced price reductions, with the general price cut ranging between 10% and 20%; ②Wu Bin, a badminton professional in Jiangshan City, Zhejiang Province, told reporters from Cailian Press that this collective price reduction in the badminton industry is the result of four overlapping factors: raw materials, inventory, market dynamics, and technology. Regarding future market trends, he feels there is limited room for further decline.