Shares of WANT WANT CHINA (00151) experienced a sharp decline in afternoon trading, falling more than 12% at one point.

At the time of writing, the stock was down 9.25% to HK$3.53, with a turnover of HK$24.71 million.

The sell-off followed the company's release of its annual results for the period ending March 31, 2026.

The group reported revenue of 24.4 billion yuan, representing a year-on-year increase of 3.8%.

However, profit attributable to owners of the company was 3.837 billion yuan, marking an 11.5% decrease compared to the previous year.

The board proposed a final dividend of 1.38 cents per share, which is 32.35% lower than the prior year's payout.

For the 2025 fiscal year, revenue from the rice cracker category was 5.9363 billion yuan, a modest increase of 0.5% year-on-year.

Revenue from the dairy and beverage segment reached 12.3425 billion yuan, growing 1.9% compared to the 2024 fiscal year.

The snack food category performed the best among the three main product groups, with revenue of 5.915 billion yuan, reflecting a 10.4% year-on-year growth and double-digit volume growth.