According to the Huafu Securities Research Report, Zhonghu Hi-Tech has performed well, and it is expected that reform dividends will continue to be released. The main business recovered well, with good taste and growth. The company achieved net interest rate of 12.39% to mother in 26Q2, +5.0 pct year on year; deducted non-net interest rate of 10.48%, +2.4 pct year on year, releasing profit flexibility. By product, 26Q2 achieved revenue of 6.5/1.7/1.1/210 million yuan for soy sauce/chicken extract, chicken powder/cooking oil/other products, respectively, -0.5%/+35.8%/+82.2%/+56.6%. The company completed a strategic merger and acquisition of Sichuan Weizimei Foods in 2026, and is expected to achieve better resource coordination in the remodeled categories and catering channels, contributing additional volume to the company's future growth. Continuing to be optimistic about the company's medium- to long-term growth strategy. The current performance growth is steady, maintaining the previous profit forecast. The net profit for 26-28 is estimated to be 7.01/8.21/922 million yuan, respectively, +31%/17%/12% year over year, respectively, and 20/17/15 times PE in 26-28, respectively, maintaining the “buy” rating.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.