← Zhe Jiang Li Zi Yuan Food overview

Zhe Jiang Li Zi Yuan Food vs Srinanaporn Marketing: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

Zhe Jiang Li Zi Yuan Food Co Ltd (605337.CG)

Q3 202629 Jul – 9 Oct 2026

▲2▼2

Liziyuan profit slumps, director probed, but dairy cycle turns up

Raw milk cycle turning up lifts dairy stocks Milk prices are rising and the national dairy herd keeps shrinking, so investors bet the long dairy downturn is ending. Liziyuan shares jumped to their daily limit in a sector-wide rally. If milk prices keep recovering, demand and pricing for dairy drinks should improve, helping the stock.
This is the main positive force behind the stock's move and explains the sector rally it joined.
First-half profit down 32% on weak sales and costs Liziyuan's first-half net profit fell 32.3% to 65 million yuan, revenue slipped 2.7%, and second-quarter profit dropped 61.5%. The company blamed lower sales of milk-containing drinks and higher raw material costs. Weak earnings weigh on the stock because the business is still shrinking.
This is the company's own hard result and the clearest negative driver for the share price.
Big dividend payout cushions weak results Alongside the weak report, Liziyuan plans to pay 1.3 yuan per 10 shares, about 49.8 million yuan, or 76.6% of its profit. Paying out most earnings signals confidence and gives shareholders cash, which supports the stock and softens the blow of falling profit.
It is a concrete shareholder-return action that offsets the negative earnings news.
Independent director under investigation for serious violations Director Xiao Zuoping, who chairs Liziyuan's audit committee, is being investigated for suspected serious disciplinary and legal violations. He also sits on two other listed boards. The company says the case is unrelated to it and won't hurt operations, but an audit-committee head under probe raises governance worries.
It is the newest event and a governance risk that can pressure the stock despite company reassurances.

September 202629 Jul – 9 Oct 2026

▲2▼2

Liziyuan profit slumps, director probed, but dairy cycle turns up

Raw milk cycle turning up lifts dairy stocks Milk prices are rising and the national dairy herd keeps shrinking, so investors bet the long dairy downturn is ending. Liziyuan shares jumped to their daily limit in a sector-wide rally. If milk prices keep recovering, demand and pricing for dairy drinks should improve, helping the stock.
This is the main positive force behind the stock's move and explains the sector rally it joined.
First-half profit down 32% on weak sales and costs Liziyuan's first-half net profit fell 32.3% to 65 million yuan, revenue slipped 2.7%, and second-quarter profit dropped 61.5%. The company blamed lower sales of milk-containing drinks and higher raw material costs. Weak earnings weigh on the stock because the business is still shrinking.
This is the company's own hard result and the clearest negative driver for the share price.
Big dividend payout cushions weak results Alongside the weak report, Liziyuan plans to pay 1.3 yuan per 10 shares, about 49.8 million yuan, or 76.6% of its profit. Paying out most earnings signals confidence and gives shareholders cash, which supports the stock and softens the blow of falling profit.
It is a concrete shareholder-return action that offsets the negative earnings news.
Independent director under investigation for serious violations Director Xiao Zuoping, who chairs Liziyuan's audit committee, is being investigated for suspected serious disciplinary and legal violations. He also sits on two other listed boards. The company says the case is unrelated to it and won't hurt operations, but an audit-committee head under probe raises governance worries.
It is the newest event and a governance risk that can pressure the stock despite company reassurances.

Latest29 Jul – 9 Oct 2026

▲2▼2

Liziyuan profit slumps, director probed, but dairy cycle turns up

Raw milk cycle turning up lifts dairy stocks Milk prices are rising and the national dairy herd keeps shrinking, so investors bet the long dairy downturn is ending. Liziyuan shares jumped to their daily limit in a sector-wide rally. If milk prices keep recovering, demand and pricing for dairy drinks should improve, helping the stock.
This is the main positive force behind the stock's move and explains the sector rally it joined.
First-half profit down 32% on weak sales and costs Liziyuan's first-half net profit fell 32.3% to 65 million yuan, revenue slipped 2.7%, and second-quarter profit dropped 61.5%. The company blamed lower sales of milk-containing drinks and higher raw material costs. Weak earnings weigh on the stock because the business is still shrinking.
This is the company's own hard result and the clearest negative driver for the share price.
Big dividend payout cushions weak results Alongside the weak report, Liziyuan plans to pay 1.3 yuan per 10 shares, about 49.8 million yuan, or 76.6% of its profit. Paying out most earnings signals confidence and gives shareholders cash, which supports the stock and softens the blow of falling profit.
It is a concrete shareholder-return action that offsets the negative earnings news.
Independent director under investigation for serious violations Director Xiao Zuoping, who chairs Liziyuan's audit committee, is being investigated for suspected serious disciplinary and legal violations. He also sits on two other listed boards. The company says the case is unrelated to it and won't hurt operations, but an audit-committee head under probe raises governance worries.
It is the newest event and a governance risk that can pressure the stock despite company reassurances.

Srinanaporn Marketing Public Company Limited (SNNP.BK)

Q3 202620 Jul – 9 Oct 2026

▲3▼1

SNNP's profit has bottomed out; recovery, stimulus and new products drive gains

Profit trough passed, brokers raise targets Brokers say SNNP's profit bottomed in early 2026 and is now recovering. Q2 profit of 69.8 million baht rose 23% from the prior quarter, helped by Vietnam sales and steady 26% gross margin. Several houses upgraded to buy with targets of 8-9 baht, lifting the shares.
This is the core reason the stock is moving: earnings have stopped falling and analysts have turned positive.
New products and brand tie-ups broaden sales SNNP launched Jele Chewy fruit-tea jelly with Kamu Kamu, a sports jelly with Alpine, and a new Bento ad campaign. These push into younger and health-focused buyers, and the Jele tie-up got a better-than-expected response, prompting restocking and supporting sales into the high season.
New products and partnerships are a main growth engine behind the expected revenue recovery.
Government stimulus and Vietnam growth lift demand Thailand's Thai Help Thai Plus Phase 2 gives 1,000 baht of co-payment spending in October-November, and SNNP earns about 70-79% of revenue at home, so it benefits. Vietnam's economy grew 9.95% in Q3, and SNNP's Vietnam revenue is expected to rise 17% this year.
These are the demand-side forces expected to drive the second-half recovery.
Factory fire adds supply risk A fire hit SNNP's Bento snack building on 9 October. No one was hurt and insurance should cover the damage, but output is disrupted. The company has about one month of inventory and can use its Vietnam plant, so the revenue hit is seen as limited.
This is the main counterweight to the positive recovery story and a real risk to near-term supply.

August 202620 Jul – 9 Oct 2026

▲3▼1

SNNP's profit has bottomed out; recovery, stimulus and new products drive gains

Profit trough passed, brokers raise targets Brokers say SNNP's profit bottomed in early 2026 and is now recovering. Q2 profit of 69.8 million baht rose 23% from the prior quarter, helped by Vietnam sales and steady 26% gross margin. Several houses upgraded to buy with targets of 8-9 baht, lifting the shares.
This is the core reason the stock is moving: earnings have stopped falling and analysts have turned positive.
New products and brand tie-ups broaden sales SNNP launched Jele Chewy fruit-tea jelly with Kamu Kamu, a sports jelly with Alpine, and a new Bento ad campaign. These push into younger and health-focused buyers, and the Jele tie-up got a better-than-expected response, prompting restocking and supporting sales into the high season.
New products and partnerships are a main growth engine behind the expected revenue recovery.
Government stimulus and Vietnam growth lift demand Thailand's Thai Help Thai Plus Phase 2 gives 1,000 baht of co-payment spending in October-November, and SNNP earns about 70-79% of revenue at home, so it benefits. Vietnam's economy grew 9.95% in Q3, and SNNP's Vietnam revenue is expected to rise 17% this year.
These are the demand-side forces expected to drive the second-half recovery.
Factory fire adds supply risk A fire hit SNNP's Bento snack building on 9 October. No one was hurt and insurance should cover the damage, but output is disrupted. The company has about one month of inventory and can use its Vietnam plant, so the revenue hit is seen as limited.
This is the main counterweight to the positive recovery story and a real risk to near-term supply.

Latest20 Jul – 9 Oct 2026

▲3▼1

SNNP's profit has bottomed out; recovery, stimulus and new products drive gains

Profit trough passed, brokers raise targets Brokers say SNNP's profit bottomed in early 2026 and is now recovering. Q2 profit of 69.8 million baht rose 23% from the prior quarter, helped by Vietnam sales and steady 26% gross margin. Several houses upgraded to buy with targets of 8-9 baht, lifting the shares.
This is the core reason the stock is moving: earnings have stopped falling and analysts have turned positive.
New products and brand tie-ups broaden sales SNNP launched Jele Chewy fruit-tea jelly with Kamu Kamu, a sports jelly with Alpine, and a new Bento ad campaign. These push into younger and health-focused buyers, and the Jele tie-up got a better-than-expected response, prompting restocking and supporting sales into the high season.
New products and partnerships are a main growth engine behind the expected revenue recovery.
Government stimulus and Vietnam growth lift demand Thailand's Thai Help Thai Plus Phase 2 gives 1,000 baht of co-payment spending in October-November, and SNNP earns about 70-79% of revenue at home, so it benefits. Vietnam's economy grew 9.95% in Q3, and SNNP's Vietnam revenue is expected to rise 17% this year.
These are the demand-side forces expected to drive the second-half recovery.
Factory fire adds supply risk A fire hit SNNP's Bento snack building on 9 October. No one was hurt and insurance should cover the damage, but output is disrupted. The company has about one month of inventory and can use its Vietnam plant, so the revenue hit is seen as limited.
This is the main counterweight to the positive recovery story and a real risk to near-term supply.