Leading Supply Chain Company | Yike Food: Collaborates with Wallace and Shuanghui, with annual sales of poultry products exceeding one million tons

Ask AI · How does Yike Food’s full-chain model withstand market volatility?

In the Chinese people’s culinary map, ducks have always been an indispensable “powerhouse.” Whether it’s the skin-crisp, tender Beijing roast duck, or the salty and savory Nanjing salted duck, or even the spicy duck neck, duck head, and duck blood vermicelli soup from night market stalls across the country—ducks, thanks to their strong versatility, have won over the palates of countless diners.

And on the restaurant end, these signature dishes—from Min cuisine’s ginger mother duck, to Hunan cuisine’s blood duck, to Jiangsu-Zhejiang cuisine’s braised old duck pot—also depend on stable, high-quality duck ingredient supply. Behind this, a large “behind-the-scenes army” has already formed.

Today, let’s take a look at a company that has laid out a full-chain business of meat ducks—Yike Food.

01 Main poultry products, providing portioned items, prepared products, and deep-processed cooked foods

Yike Food was founded in 2004 and listed on the Shenzhen Stock Exchange on January 18, 2022. The company’s主营业务 includes poultry slaughtering and processing, feed production and sales, incubation and sales of commercial duck/chicken chicks, production and sales of cooked foods and prepared products, and down feather production and sales, among other segments.

In terms of product structure, Yike Food mainly sells three categories of products: first, frozen and fresh portioned raw duck meat and chicken products and high-quality whole birds, including various parts such as duck heads, duck feet, collarbones, chicken wings, chicken gizzards, and more; second, prepared, ready-to-cook products made with chicken and duck meat as raw materials, including duck blood, duck intestines, xiao qun gan (small liver), chicken skin skewers, chicken杂 (offal), and so on; and third, deep-processed cooked food products, mainly including braised duck meat and chicken products, such as spicy duck necks, spicy duck heads, and fragrant crispy duck.

△Image source: Yike Food official website

In addition to chicken and duck products, Yike Food can also provide feed products, including incubated commercial ducklings and chicken seedlings, to make it convenient for breeding companies and livestock owners to engage in breeding businesses.

By offering a wide variety of meat and poultry products, Yike Food meets the diverse needs of different consumer groups—including catering companies, meat product processing enterprises, and consumers—for chicken and duck products.

02 Laying out dual industry chains of meat ducks and meat chickens, and building its own cooked-food chain stores

In terms of industrial chain layout, Yike Food has connected upstream and downstream operations.

On one hand, the company has formed a dual industrial chain of meat ducks and meat chickens that integrates feed processing, breeding of parent stock ducks (and parent breeding stock), rearing of parent/ breeder ducks and chickens, incubation of commercial duck/chicken chicks, slaughtering and processing of meat ducks and meat chickens, and deep processing of prepared products/cooked foods, among other business links. Its production bases are located across multiple regions, including Jiangsu, Shandong, Hebei, Guangdong, and others, and it also has set up an office center in Shanghai, with functional departments for digitalization, R&D, marketing, and more.

△Image source: Yike Food official website

On the other hand, Yike Food owns its own brand cooked-food chain stores, with the number of stores already exceeding 600, widely distributed across Sucheng, Nanjing, Suzhou, Wuxi, Changzhou, Xuzhou, Yangzhou, Huai’an, Yancheng, Lianyungang, Shandong, Anhui, and other places.

The benefits brought by scale are multifaceted: fixed costs and R&D-related expenses can be spread out; by improving production efficiency and capacity utilization, unit costs can be lowered, and gross margin performance can be improved.

In addition, sufficient capacity also means stronger order fulfillment capability, enabling a more agile response to customer needs. This, in turn, helps raise standardization levels and ensure that product quality remains stable and controllable.

03 Full-area layout for both B-end and C-end; partners with Hualaisi, Shuanghui, and others

In its sales model, Yike Food has built a three-dimensional network covering multiple channels such as direct sales, distribution, e-commerce, and hypermarkets/supermarkets. Its customer base spans catering enterprises, meat product processing plants, distributors, and end consumers, forming a full-area layout with both B-end and C-end initiatives.

According to disclosures on the official website, Yike Food has established partnerships with brands such as Hualaisi, Mingji, Zhenxin Chicken Chop, Shuanghui, Anyi, Jinluo, Haidilao, Zhouheiya, Jiujiuya, and others.

Specifically for products in different segments, the customer groups also differ.

For the slaughtering segment, customers include both direct-sale customers and distributor customers. Direct-sale customers mainly include large B-end customers such as meat product processing plants; distributor customers mainly include the company’s wholesale distributors and supermarket/retail supermarket customers, among other channel partners.

△Image source: Yike Food official website

For feed segment products, they are mainly feed and are sold directly mainly to breeding companies and livestock owners. For the breeding segment, the commercial ducklings and chicken chicks incubated are mainly sold directly to breeding companies and livestock owners.

For the company’s cooked foods business, it mainly uses a sales model of chain franchise stores and contract manufacturing for OEM factories. A small number of packaged products are sold through terminal supermarket stores (supermarket suppliers) and online e-commerce channels. For prepared products, customers include both direct-sale customers and distributor customers; direct-sale customers mainly are catering enterprises, while distributor customers mainly include wholesale distributors and supermarket/retail channels, among other channel partners.

With the help of a diversified sales network, Yike Food can also sell its products across the country. As disclosed by Yike Food, in 2024, the company sold more than 181M tons (170+0) of poultry meat products annually, accounting for approximately 6.5% of the country’s total poultry meat output, with the product market covering most regions across the nation.

04 Under cyclical risks, how to improve the profitability situation?

Although Yike Food has accumulated certain advantages in the meat and poultry market, it also faces certain challenges. For example, how to deal with the cyclical fluctuations in the meat and poultry industry is a major issue.

In the first half of 2025, Yike Food stated that the company’s net profit attributable to shareholders was -260M yuan, a year-on-year decrease of 255.03%, mainly because prices of major products such as duck products, ducklings, chicken chicks, and down feathers fell, leading to a decline in gross margin.

According to the company’s 2025 performance forecast, Yike Food expects last year’s net profit attributable to shareholders to be a loss of between 290M and 2.9 billion yuan, mainly because the sales price declines of major products such as duck products and ducklings were larger than the cost declines, resulting in lower gross margin. Among them, the gross margin of duck products decreased year-on-year by about 220 million yuan, and the gross margin of ducklings decreased year-on-year by about 270M yuan, becoming the main reasons for the company’s gross margin decline.

△Image source: Yike Food official website

In addition, as a company covering the full industrial chain of meat ducks and meat chickens, Yike Food’s business spans multiple links including breeding, slaughtering, deep processing of cooked foods, and feed production. Although it has integration and synergy advantages, it will also face real-world difficulties such as high operational complexity, high investment costs across each link, and limited risk-resilience depending on the overall performance of the entire chain.

How to strengthen the ability to withstand cyclical risks in the industry and improve overall profitability is still a challenge that Yike Food needs to confront squarely.

This article is compiled in a comprehensive way by the Red Banquet (Hongcan) Supply Chain Guide.