- Business
- Jiangxi Huangshanghuang Group Food Co., Ltd. (002695.SZ) researches, develops, produces, and sells braised meat products, cold dishes, rice products, and related food items primarily in China. The company offers core products including braised duck feet, wings, necks, and ducks; chicken, pork, and beef items; fresh goods; casual snacks; gift box series; fermented vegetables; cold dishes; and rice-based products such as rice dumplings, green dumplings, mochi, eight-treasure rice, instant porridge, and moon cakes. Founded in 1993 and headquartered in Nanchang, Jiangxi Province, it operates a nationwide chain of stores focused on livestock and poultry meat processing, deep processing of meat products, breeding, slaughter, chain sales, and R&D, serving quick-consumption markets with brands recognized for awards like the 2023 International Monte Award and Forbes China 2024 Consumer Annual Influential Product. In recent developments, the company agreed to acquire an additional 27% stake in Jiaxing Zhenzhen Laolao Food Co., Ltd. for CNY 110 million and a 51% stake in Fujian Lixing Food Co., Ltd. for CNY 495 million in 2025 to enter the freeze-dried food sector and leverage complementary sales channels; it terminated a planned acquisition of a controlling stake in Guangdong Zhancui Food in late 2024; and pursues a "Thousand Cities, Ten Thousand Stores" expansion strategy aiming for 2025 revenue of CNY 2.1 billion despite recent revenue challenges from store contractions and industry slowdowns.