# Jinhe Industrial

Bitter Aftertaste: China's Sweetener King Faces Three-Year Slump as Margins Evaporate

Jinhe Industrial, a leading global sweetener manufacturer, reported a 37.7% decline in 2025 net profit, marking its third straight year of losses. Facing a grim Q1 2026 forecast and eroding margins due to overcapacity, the company's struggle highlights broader deflationary pressures in China's specialty chemical sector.