Chinese infant nutrition group Feihe International has booked an increase in third-quarter profits, which it said were “significantly better” thanks to a focus on higher-margin products.

In an earnings release on Friday (9 November), Feihe said net profit rose to US$7.5m, up $7.1m from the comparable period of last year when a tax expense hit the bottom line. Sequentially, earnings were up 29% from the second quarter of this year.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

The company said the gain was driven by gross margin, which rose to 54.9% from 35.5% as Feihe focused on higher-margin quality products. Sales during the period were also up, climbing 4.3% to $66.1m.

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now