“Duck neck sales are down, and the three major brands in the braised food category have all seen a decline in sales.”
# The sales of duck neck products are declining, and the three leading companies in the fried food industry are collectively losing momentum. ## Key Events In September 2026, three major domestic leisure fried food companies—Juewei Food, Zhou Hei Ya, and Huang Shang Huang—published their first-half financial reports, revealing a fundamental shift in the industry’s growth logic: from an era of “scale expansion” to a stage of “existing stock competition,” with traditional fried food businesses experiencing weak growth. ## Performance Differences Among the Three Companies | Company | Revenue Year-on-Year | Net Profit from Operations Year-on-Year | Operating Cash Flow | |---------|----------------------|----------------------------------------|---------------------| | Juewei Food | -10.82% | -23.16% | Turned positive to -182 million yuan | | Zhou Hei Ya | +19.5% | -15.2% | Not disclosed | | Huang Shang Huang | +24.53% | +12.14% | Not disclosed | ## Three Major Challenges in the Industry ### 1. The benefits of store expansion…