Li Gao Food: Net profit in the first quarter was 64.0152 million yuan, a year-on-year decrease of 27.56%.

On April 27th, LIGAO Food disclosed its first quarter report, with the company achieving operating income of 1.048 billion yuan in the first quarter of 2026, an increase of 0.27% year-on-year; net profit attributable to the parent company was 64.0152 million yuan, a decrease of 27.56% year-on-year. The main reasons for the performance changes during the reporting period were as follows: in the first quarter, the company's gross profit margin was 29.7%, basically flat year-on-year, as the positive and negative impacts of the optimization of comprehensive procurement costs and the ramp-up of new production capacity offset each other. The sales expense ratio increased by approximately 0.4% year-on-year, mainly due to changes in the income structure of channels during the reporting period and increased investment in the catering channel; the management expense ratio increased by 1% year-on-year, mainly due to the company's investment in pre-adjustment reserves in the Guangzhou region and investments in informatization, digitalization, and automation; the research and development expense ratio increased by 0.8% year-on-year, mainly due to investments in major product reserves and custom development for key customers.