On 23 august, six walnut parent companies issued their mid-term report 2025 (sh603156). According to the report, the company achieved operating income of 2,465 million yuan and net profits of 744 million yuan in the first half of the year. Of concern is the increase in net operating cash flows of between $1358 per cent and $377 million over the same period, and the increase in the monetary fund balance to $1,459 million, or 58. 96 per cent; the addition of a profit distribution plan of $5 per 10 shares, including taxes, totalling $630 million; and the transmission of operating capital to the market from the use of "real silver" for drinking。
In the context of the structural adjustment of the consumer market, the core drinking service has demonstrated greater risk resistance and business resilience. According to china's food industry analyst zhu danbong, the current phase of a systematic restructuring of the fast-moving industry has resulted in the evaluation of the leading firms' ability not only to see growth rates, but also to see “blood-making” and “risk-resistant capacity”, and several key indicators of the quality of the profits have been reflected in the substantial optimization of the key indicators of the consumption of beverages. We have confidence and long-term vision for its future sustainable development。
Policy, consumption dividend east wind, six walnuts and a hundred billion plant-based gold track
The resilience of the saloon is rooted in the long-term dividends of the vegetable protein-beverage track。
The development of the industry is under way, driven by a combination of national policies and a wave of health consumption. As early as 2017, the national nutrition plan (2017-2030) of the state council explicitly set out the implementation of the “biprotein project”, and the china food and nutrition development programme (2025-2030), published earlier this year, clearly stated that “the promotion of nutritional agricultural production, food processing and food consumption” and that plant protein beverages, as important vectors of high-quality plant proteins, continue to receive policy support. At the market level, data from the china-china general industrial research institute show that the chinese market for plant protein beverages reached 68 billion yuan in 2024 and is expected to reach 120 billion yuan in 2030, with a combined annual growth rate of 12. 5 per cent。
The position of the drinking industry as a lead company in the raceway has been further strengthened. The certification of sullivan, an internationally recognized market research institution, shows that the core brand of “six walnuts” under the flag not only accounts for about 80 per cent of the domestic walnut breast break-down market for many years, but is also the first industry to secure purchases of more than 100 million kilograms annually. In august of this year, six walnuts joined the " 2025 global soft beverages brand at over 50 " , and have been on hu yun's list of top-value brands for many years。
According to china's food industry analyst, zhu danbong, the current policy direction and consumption upgrading of the plant protein industry will accelerate the motor effects of the races where beverages are held. Since this year, however, reports have shown that governments at all levels have taken a firm approach to boosting consumption, and that it is becoming more visible that consumption markets are being stratified and graded. To this end, a diversified product matrix has been set up to meet the needs of different consumer groups, such as the elderly and the sugar industry, and to encourage firms to remain competitive in the transformation process。
At present, the drinking product consists mainly of six walnuts, the breeding series, the five-star series, the sugar-free series, the six walnuts 2430 and the six walnut “fresh” series. In addition to this, graft is being explored and innovative. It is known that products such as red dates, walnuts and soybean milk were developed in 2025. In the broader context of promoting consumption and promoting healthy diets in the country, the six walnuts have been active in the distribution of subdivisions such as sugar-free, festivals and breakfasts, effectively building the `products moat' in the context of stock competition and generating new dynamics for their future growth。
It's a countercyclical foundation that sustains the bottom capacity of drinking
In the history of business development, in times of market downturns, visionary firms fall down to “hard work”. An in-depth analysis of the operational trajectory of the beverage shows that it has no blind pursuit of the net, nor has it been caught in the quagmire of price warfare, but has opted for a quiet and profound change from the vantage point。
Walnut dairy products have been developing in china for more than 20 years, and six walnuts have been promoting deep-rooted hearts through advertising and consumer intelligence. Today, it is gradually shifting to the path of “scientific endorsement + functional validation” to redefine the value of walnut dairy. The data show that walnuts and brain health are being further developed and applied on a continuous basis, and that strategic cooperation is being established with the country's leading research institutes to accelerate the land-use conversion of scientific results. Six leading technology development platforms and national laboratories have been established in the country. From the time of listing to date, cumulative investments of over hundreds of millions of yuan have been made to fight for the strength of technology, “a long-distance lead” among the six walnuts of the a stock market and the same type of plant protein beverage。
At the same time, six walnuts have succeeded in breaking the technological bottlenecks that hinder industry development through their own research and development innovations. Its first “5. 3-28” process was an important milestone in the innovation of six walnuts. It is known that the process was successfully introduced in 2005 to overcome the “silent and greasy” difficulties of the walnut beverage and to make it more smooth and refreshing. The subsequent innovation of the cet cooling process for walnuts and the quintestropic grinding process further addressed long-standing challenges in the industry, optimizing the taste and quality of products and increasing their value added and market competitiveness。
At the end of the channel, a “quiet revolution” has also taken place — without blind expansion or radical marketing — but with a two-wheel strategy of “traditional channels for deep, emerging channels for penetration” to achieve an iterative growth dynamic. On the one hand, it has deepened the guarantee of cooperation and has secured the fundamentals by maintaining stable hospitality and optimizing terminal displays. The data show that during the first half of the year, distribution channels contributed 2,227 million yuan, with 126 new distributors, and the total number of distributors increased to 2,727 by the reporting period, with internet coverage being further encrypted. On the other hand, there is an active embrace of new business practices such as live telegraphers and community group purchases. Through collaboration with anchors and the delivery of customized products, young consumer groups are reached and "cognitive-interest-purchase" transformational links are established. The most intuitive change was the increase in the direct distribution channel: direct sales income in the first half of the year increased by 8. 81 per cent from 6. 6 per cent to 8. 6 per cent over the same period of the previous year。
The “changes and changes” of nutrients have become clearer in the context of the 2025 semi-annual newspaper: what remains is adherence to product quality, patience with deep-drive channels, and what changes are additions to innovation, flexible embraces of new channels. This innovative strategy has allowed it to grow from its old advertising-driven black horse to its current robust white horse. As noted by a number of trades, this semi-annual version of the pediatric drink is not a report card, more like a mirror, reflecting the trend in the consumer market from “incremental expansion” to “stock competition” and reflecting more stable and resilient growth models of the pedigree。
