HK Stock Market Move | Foshan Haitian Flavouring and Food (03288) fell over 10%, with second-quarter performance marginally slowing down and weak dining demand causing core categories to decelerate.

Foshan Haitian Flavouring and Food (03288) fell over 10% during trading and, as of the time of writing, is down 9.12%, priced at HKD 29.68, with a transaction volume of HKD 158 million. In news, Foshan Haitian Flavouring and Food released its mid-year results for 2026. In the first half of this year, the company achieved revenues of 16.146 billion yuan, a year-on-year increase of 6.01%; net profit attributable to shareholders reached 4.19 billion yuan, a year-on-year increase of 7.13%. In the second quarter of this year, the performance marginally slowed, with revenues of 7.12 billion yuan, a year-on-year rise of 2.9%; net profit attributable to shareholders was 1.75 billion yuan, up by 2.0%; and net profit excluding non-recurring items was 1.61 billion yuan, down by 3.4%. In the second quarter of this year, revenues from soy sauce, oyster sauce, seasoning sauces, and other products were 3.545 billion, 1.144 billion, 722 million, and 1.294 billion yuan, respectively, achieving growth rates of 1.07%, 0.12%, 1.27%, and 6.31%. Sinolink believes that the slowdown in core categories in Q2 is due to weak dining demand, while the health and diversified product layout contributed incremental growth. Guosheng states that the year-on-year growth rate in Q2 has declined compared to Q1, but growth potential can be expected. In the short term, the recovery in dining is a key catalyst, and employee shareholding support is expected to fully unleash growth potential.