The 'First Youtiao Stock' and Its Bizarre Move: Public Company Replaces Cash Dividends with Frozen Youtiao!

Qianwei Yangchu (yes, the same company that supplies oil to KFC and Haidilao, known as the 'First Youtiao Stock') suddenly announced: no cash dividends this year, instead, shareholders will receive frozen youtiao gift packs! If you hold 100 shares, you can become a VIP taste tester. Shareholders are saying: this move hurts more than a box of chive dumplings. (To clarify, this company primarily sells to B2B clients, including big names like Yum China, Wallace, Haidilao, Jiumaojiu, and Lao Xiang Ji. And now, they're asking shareholders to fry their own youtiao...) The surreal reality is: while the company claims 'this is not clearing inventory,' its inventory turnover days have jumped from 56 to 70 days. While emphasizing 'stock buybacks are also a form of return,' its net profit has plummeted by 32%. So... are shareholders supposed to fry youtiao while contemplating life? A-share surreal reality First Youtiao Stock's baffling behavior Public company’s creative way of squeezing shareholders