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.
Olivia Attwood hosts ITV's show The Heat, where 10 chefs compete under Michelin Star chef Jean-Christophe Novelli
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And public sentiment is already shifting. Across France, Germany and Spain, majorities say enforcement of rules on large technology companies is too weak rather than too strict, and roughly half of respondents in those countries believe major tech firms are as powerful as — or more powerful than — the European Union itself. That suggests concern about platform dominance is not confined to policymakers or industry insiders; it is a mainstream public view.
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