CHINA FOODS (00506) surged nearly 5% again, with its stock price nearly doubling this year. As of press time, the stock was up 3.84% to HK$4.6, with a turnover of HK$386.41 million.

On the news front, the Shenzhen Stock Exchange previously announced that CHINA FOODS has been included in the Hong Kong Stock Connect eligible securities list, effective from September 8th. The company's interim results showed that it achieved revenue of 12.278 billion yuan in the first half of the year, up 8.3% year-on-year, and net profit attributable to shareholders of 578 million yuan, up 2.2% year-on-year. The company believes that the improvement in resource allocation efficiency has been basically completed, and it will continue market investment efforts in the second half to promote business expansion.

CICC pointed out that the company's vending machines, Yuexianghui and other channels have broken through the single beverage business scope and are attempting to expand food distribution business, with non-beverage business volume of vending machines reaching nearly 200 million yuan in 1H25. In the long term, while consolidating the advantages of core categories such as carbonated drinks and fruit juices, the company plans to strategically enter the nutritional health food track, promoting strategic synergy between beverages and food to achieve operational efficiency optimization.

The company stated that as the most suitable entity within COFCO Group to undertake food business, relevant planning is actively advancing, and specific measures are expected to be implemented next year.