Haitian Flavoring Reports Double-digit Profit Growth For 2024; Prepares For A Hong Kong IPO

Foshan Haitian Flavouring and Food Co. Ltd. (603288.SH) last Thursday reported revenue and profit growth for 2024 amid a globalization drive to propel its business. The leading Shanghai-listed soy sauce and condiment maker is currently preparing for a Hong Kong listing to enhance its brand reputation and expand its reach beyond China.

Haitian reported its revenue rose 9.53% last year to 26.9 billion yuan ($3.7 billion) from 24.6 billion yuan in 2023, according ...