Recently, Yuanji Foods submitted its listing application to the Hong Kong Stock Exchange. Its operating figures show a mix of scale expansion and mounting profitability pressure. In 2023 and 2024, the company recorded revenue of RMB 2.026 billion and RMB 2.561 billion, respectively, up 26.4% year over year. Revenue for the first three quarters of 2025 reached RMB 1.982 billion, up 11% year over year. While revenue continued to grow, the growth rate clearly slowed. Profitability fluctuated significantly: net profit fell 15% year over year in 2024 to RMB 142 million, then rebounded to RMB 142 million in the first three quarters of 2025 (matching the full-year 2024 level in just nine months). Adjusted net profit was RMB 192 million, up 31% year over year, with the increase largely driven by a reduction in share-based payment expenses.
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王兴兴是个“非典型天才少年”,常笑称自己是个“学渣”。年少时期因为偏科,被英语老师直言不讳地指出:“这孩子有点笨。”本科就读于浙江理工大学,也是因为英语成绩差,研究生落榜浙江大学,被调剂到上海大学。
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