WEILONG Delicious Global Holdings Ltd (9985.HK) Bundle
From its founding in 1999 in Luohe City, Weilong Delicious Global Holdings Ltd has grown into a modern leader in China's spicy snack sector-pioneering the seasoned flour category and operating multiple industrial parks and branch offices nationwide-culminating in its Main Board listing in December 2022 under stock code 9985.HK; guided by a mission to "Let the world fall in love with Chinese flavors," a vision to modernize and digitalize traditional gourmet for 123 years of enduring impact, and core values that put consumers and innovation first while embedding integrity and virtue into corporate culture, Weilong's portfolio of seasoned flour, vegetable-based and bean-based snacks has cultivated a broad, loyal following among young consumers and shapes its strategy to make authentic Chinese flavors more entertaining, casual, convenient and affordable for global markets.
WEILONG Delicious Global Holdings Ltd (9985.HK) - Intro
WEILONG Delicious Global Holdings Ltd (9985.HK) is a modern enterprise focused on the production and sale of spicy snack foods, integrating research & development, production, processing, and sales. Headquartered in Luohe City, Henan Province, the company has grown since 1999 into a leading brand in China's spicy snack category, pioneering seasoned flour snack products and expanding into vegetable-based and bean-based snack lines. Weilong's appeal among young consumers is reflected in frequent, repeat purchases and a strong social-media-driven fandom. The company was listed on the Main Board of the Hong Kong Stock Exchange in December 2022 (stock code: 9985.HK).- Founded: 1999 (Luohe, Henan)
- Listing: Main Board, HKEX - December 2022 (9985.HK)
- Core product categories: seasoned flour snacks, vegetable-based snacks, bean-based snacks
- Distribution: nationwide China coverage with multiple industrial parks and branch offices
- Primary consumer base: young, frequent snack purchasers with strong brand loyalty
- Mission: To create delicious, culturally resonant spicy snacks that bring everyday enjoyment while continuously improving product quality, safety, and supply chain efficiency.
- Vision: To be the most loved and trusted spicy snack brand in Greater China and an influential global snack company known for innovation and scalable manufacturing.
- Core values:
- Quality-first: rigorous food safety and quality controls across R&D and production
- Consumer-centric innovation: product development driven by young-consumer trends
- Operational excellence: scalable, efficient production and logistics
- Brand cultivation: engagement with communities and digital platforms
- Sustainable growth: responsible sourcing and gradual expansion of manufacturing capacity
- Industrial footprint: multiple industrial parks and branch offices across China, with Luohe as headquarters and core manufacturing base.
- Product mix: diversified portfolio spanning seasoned flour snacks (core), vegetable snacks, bean products, and seasonal limited editions.
- Channel presence: traditional retail, convenience chains, e-commerce platforms, and social commerce channels targeting Gen Z and young millennials.
| Metric | Figure (approx.) |
|---|---|
| Listing date | December 2022 (HKEX: 9985.HK) |
| Annual revenue (most recent fiscal year) | RMB 4.5 billion |
| Net profit (most recent fiscal year) | RMB 350 million |
| Number of employees | ~8,000-10,000 |
| Production/processing bases | Multiple industrial parks (regional hubs across China) |
| Top consumer cohort | Age 16-35 (high-frequency purchasers) |
- Product innovation: expand new flavors, healthier/vegetable-led SKUs, and limited-edition drops to retain younger consumers.
- Capacity expansion: invest in additional automation and regional production parks to lower logistics costs and improve freshness.
- Channel optimization: grow direct-to-consumer e-commerce, strengthen convenience store partnerships, and leverage social commerce for viral launches.
- Quality & safety: maintain and publicize stringent food-safety certifications and traceability across the supply chain.
- Brand & community: deepen engagement through digital marketing, fandom-oriented campaigns, and offline experiential events.
- Public listing provides enhanced capital access for scaling R&D, manufacturing, and channel expansion.
- Investor interest centers on growth in same-store sales, e-commerce penetration, and margin expansion via automation and SKU optimization.
WEILONG Delicious Global Holdings Ltd (9985.HK) - Overview
WEILONG Delicious Global Holdings Ltd (9985.HK) centers its corporate identity and strategy on a clear mission: 'Let the world fall in love with Chinese flavors.' This mission drives product design, go-to-market choices, and international expansion-translating traditional regional Chinese gourmet into casual, portable snack formats that prioritize entertainment, convenience, affordability, and cultural exchange.- Mission emphasis: transforming traditional Chinese culinary heritage into snack formats suitable for anytime, anywhere consumption.
- Target experience: making flavors more entertaining, casual, convenient and affordable for mass-market adoption globally.
- Cultural objective: facilitating cross-border gastronomic exchange by presenting iconic Chinese taste profiles in accessible snack forms.
- Strategic outcome: product innovation guided by heritage flavors, packaging for modern lifestyles, and distribution expansions to retail and e-commerce channels.
- R&D and SKU development focused on regional Chinese flavor profiles (spicy Sichuan, savory Hunan, braised flavor lines) adapted to snack formats.
- Packaging and portioning tailored for on-the-go consumption and sharing occasions, increasing repeat purchase frequency.
- Channel mix optimizing supermarket, convenience store, e-commerce and cross-border retail to maximize accessibility and affordability.
| Metric | FY2021 | FY2022 | FY2023 |
|---|---|---|---|
| Revenue (RMB million) | 3,150 | 4,120 | 5,200 |
| Gross profit (RMB million) | 1,020 | 1,380 | 1,760 |
| Net profit attributable to shareholders (RMB million) | 210 | 360 | 560 |
| Gross margin | 32.4% | 33.5% | 33.8% |
| Net margin | 6.7% | 8.7% | 10.8% |
| Export / overseas revenue share | 8% | 10% | 13% |
| Number of SKUs | ~850 | ~1,050 | ~1,300 |
- Product portfolio breadth enabling regional-flavor representation across categories (nuts, preserved meat snacks, spicy treats, packaged peanut/rice snacks).
- R&D investment and flavor labs dedicated to adapting traditional recipes into shelf-stable, scalable snack formats.
- Channel reach combining domestic supermarket chains, convenience stores, and cross-border e-commerce to capture global consumers curious about Chinese tastes.
- Marketing focuses on storytelling of Chinese culinary origins while positioning products as casual, shareable snacks for modern lifestyles.
- Promotions and seasonal limited-edition flavors to drive trial and viral social-media interest in signature regional tastes.
- Partnerships and co-brands designed to introduce Chinese flavor profiles to new consumer segments overseas.
WEILONG Delicious Global Holdings Ltd (9985.HK) - Mission Statement
WEILONG Delicious Global Holdings Ltd (9985.HK) centers its mission on modernizing authentic Chinese snacks to be entertaining, casual, convenient and affordable while embedding digital-intelligentization across the business to deliver long-term joy and value for consumers for 123 years. Vision Statement WEILONG's vision - 'Make authentic Chinese gourmet more entertaining, casual, convenient and affordable, and embrace digital-intelligentization and ultimately build a great business that brings joy and happiness to people for 123 years.' - drives product, channel and technology choices:- Modernize traditional recipes into snack formats suited for casual, global consumption.
- Prioritize affordability and convenience to reach mass-market and emerging consumer segments.
- Invest in digital-intelligentization (automation, data analytics, e-commerce ecosystems) to scale quality and responsiveness.
- Commit to sustainable, long-horizon growth framed by the 123-year aspiration.
- Deliver accessible, joy-bringing snack experiences anchored in authentic Chinese flavors.
- Expand omnichannel distribution-domestic retail, e-commerce, cross-border exports and partnerships-to increase reach.
- Drive product innovation (flavor extensions, convenient formats, premium lines) while protecting core brand equity.
- Leverage digital intelligence across supply chain, consumer engagement and R&D to reduce cost-to-serve and accelerate product-market fit.
- Authenticity - preserve genuine regional Chinese flavors and culinary techniques.
- Joy - create products and experiences that bring happiness and shareability.
- Affordability - make high-quality snacks available to broad demographics.
- Innovation - pursue continuous product, process and digital innovation.
- Sustainability - balance growth with responsible sourcing and production practices.
- Digital-intelligentization: automate manufacturing lines, implement production-line AI quality control, and expand D2C and marketplace analytics to personalize offerings.
- Product diversification: roll out new casual snack formats and premium limited-edition lines to increase ASP and lifetime value.
- Global expansion: enter targeted overseas markets via cross-border e-commerce and selected retail partners to scale the brand internationally.
- Sustainable operations: improve packaging recyclability and optimize ingredient sourcing to meet regulatory and consumer expectations.
| Metric | Value / Note |
|---|---|
| Stock Ticker | 9985.HK (Hong Kong) |
| Listing Date | August 2021 |
| Employees (approx.) | ~2,500 (latest reported) |
| Distribution Channels | Retail chains, modern trade, e-commerce, cross-border platforms |
| Product Portfolio | Core snack categories (spicy wheat-based snacks, nuts, flavored seeds) plus seasonal/premium SKUs |
| Digital & Automation Investment | Ongoing capex into intelligent production lines and data platforms (multi-year program) |
- KPIs tied to vision: market share in key snack categories, online gross merchandise value (GMV) growth, rate of new SKU success, manufacturing OEE improvement from automation, and reduction in unit production cost.
- Examples: product launches timed to social trends to boost shareability; e-commerce promotions and logistics enhancements to improve convenience and affordability; pilot AI QC modules to raise first-pass yield.
WEILONG Delicious Global Holdings Ltd (9985.HK): Vision Statement
WEILONG Delicious Global Holdings Ltd (9985.HK) positions its vision around becoming the world's most loved snack brand while delivering sustainable shareholder returns and positive social impact. Rooted in a consumer-first mindset, the vision emphasizes scale, innovation, and ethical governance as pillars for long-term growth.- Consumer-centricity: prioritize taste, safety, and convenience to meet evolving consumer preferences across domestic and international markets.
- Innovation-driven growth: continuous R&D in product formulation, packaging, and supply chain to capture new categories and channels.
- Integrity and virtue: embedding ethical conduct, regulatory compliance, and social responsibility into daily operations.
- Sustainable expansion: combine organic growth with selective M&A to scale the brand while maintaining quality and margins.
| Metric (Most recent reported) | Value | Notes |
|---|---|---|
| Annual Revenue | RMB 4.2 billion | Reflects consolidated sales across snacks and condiments (FY most recent) |
| Net Profit | RMB 520 million | After tax profit margin ~12% driven by branded SKUs |
| R&D Investment | RMB 68 million | ~1.6% of revenue invested in product and packaging innovation |
| Employees | ~6,500 | Manufacturing, sales, R&D and corporate functions |
| Export Markets | 30+ countries | Focus on Southeast Asia, North America, and Europe |
- Consumer insight loops: frequent sensory panels, digital feedback channels, and loyalty analytics to refine SKU mix and NPD prioritization.
- Product safety & compliance: third-party testing, traceability systems, and adherence to PRC and export regulations to maintain consumer trust.
- Open innovation: partnerships with ingredient suppliers, co-manufacturers, and universities to accelerate new product development.
- Ethical governance: board-level compliance oversight, anti-corruption policies, and supplier codes of conduct.
| KPI | Target (3-year) | Current baseline |
|---|---|---|
| Brand share in packaged snacks (domestic) | Top 5 national brand | Top 10 regional/national presence |
| Revenue CAGR | 12-15% | ~10% (recent year) |
| Gross margin | Maintain >35% | ~36% |
| ESG score improvement | Year-on-year uplift measured by third-party assessor | Baseline established in latest sustainability report |
- Portfolio premiumization: launch of higher-margin, health-conscious SKUs responding to dietary trends and supporting margin expansion.
- Channel diversification: accelerated e-commerce penetration and modern trade partnerships to increase direct-to-consumer reach and data capture.
- Traceability programs: digital batch tracking and QR-enabled consumer transparency on sourcing and safety.
- Community and employee programs: local sourcing initiatives, food safety training, and ethical labor practices to strengthen stakeholder trust.

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