Financial Performance - For the six months ended September 30, the company reported a revenue of approximately HKD 3.5 billion, representing a year-on-year increase of 12%[8]. - The net profit for the same period was approximately HKD 1.2 billion, reflecting a growth of 15% compared to the previous year[8]. - Total revenue for the first half of FY2021 reached RMB 11,382.6 million, representing a year-on-year increase of 10.5%[15]. - Operating profit amounted to RMB 2,780.6 million, with an operating profit margin of 24.4%, a decrease of 20 basis points compared to the previous year[12]. - Profit attributable to equity holders of the Company increased by 7.1% year-on-year to RMB 2,090.0 million, with a profit margin of 18.4%[17]. - Profit for the period reached RMB 2,083,788, a rise of 7.0% from RMB 1,946,691 in 2020[120]. - Basic earnings per share for equity holders was RMB 17.32, up from RMB 15.75, indicating a 10.1% increase[118]. Revenue Breakdown - Revenue from rice crackers decreased by 5.8% to RMB 1,876.2 million, while dairy products revenue increased by 23.5% to RMB 6,561.8 million[13]. - Revenue from modern channels achieved double-digit growth, driven by improved customer and supply chain management[20]. - Revenue from the dairy products and beverages segment grew by 23.5% year-on-year to RMB 6,561.8 million, with "Hot-Kid Milk" accounting for over 90% of this revenue and achieving a growth rate of 23.9%[55]. - Revenue from the rice crackers segment decreased by 5.8% year-on-year to RMB 1,876.2 million, primarily due to a double-digit decline in overseas business impacted by the pandemic[51]. - Snack foods revenue declined by 2.6% year-on-year to RMB 2,873.9 million, attributed to a high base figure from the previous year due to pandemic-related shipment delays[60]. Market and Product Development - The company’s market share in the snack food segment increased to 25%, up from 22% in the previous year[8]. - User engagement metrics showed a 20% increase in online sales, driven by enhanced digital marketing strategies[8]. - The company plans to launch three new product lines in the next quarter, focusing on health-oriented snacks[8]. - New product innovations include "Hot-Kid Chocolate Milk" and various themed packaging designs, which have drawn significant consumer attention[41][43]. - The Group's overseas sales declined in the first half of FY2021 due to pandemic impacts, but plans to continue expanding its sales network internationally, with a factory in Vietnam expected to commence production in 2022[28][29]. Marketing and Consumer Engagement - A new marketing strategy will be implemented to enhance brand visibility and customer loyalty, with a budget increase of 20% allocated for digital campaigns[8]. - The Hot-Kid Club membership has exceeded 15 million, enhancing consumer interaction and brand loyalty through digital marketing strategies[36]. - The Group launched a series of creative marketing campaigns, including the "Want Want Day" event, to strengthen brand image and consumer engagement[37]. - The Group's digital marketing efforts have focused on emotional connection with consumers, optimizing private domain traffic management to increase user loyalty[42][44]. Cost and Profitability - The cost of sales for the first half of 2021FY amounted to RMB 6.0592 billion, representing a year-on-year increase of 13.6% due to rising costs of key raw materials[66][70]. - The gross profit margin decreased by 1.4 percentage points to 46.8%, while gross profit increased by 7.2% to RMB 5.3234 billion[67][71]. - The gross profit margin for the rice crackers segment was 41.0%, a decrease of 5.3 percentage points year-on-year, primarily due to increased raw material costs[68][72]. - Distribution costs increased by 14.2% to RMB 1.4268 billion, with distribution costs as a percentage of revenue rising to 12.5%[75]. Cash Flow and Financial Position - As of September 30, 2021, the Group's net cash was RMB 9,160.9 million, an increase of RMB 62.9 million from March 31, 2021, primarily due to net cash generated from operating activities of RMB 1,971.1 million[87]. - Total borrowings as of September 30, 2021, amounted to RMB 8,235.3 million, a decrease of RMB 1,597.8 million compared to March 31, 2021[88]. - Cash and cash equivalents as of September 30, 2021, totaled RMB 13,677.1 million, plus bank deposits with a term of more than three months of RMB 3,719.1 million, amounting to a total of RMB 17,396.2 million[88]. - The company reported a decrease in cash and bank balances to RMB 13,795,216 from RMB 17,339,163, reflecting a liquidity contraction[134]. Shareholder Returns - The Board recommended an interim dividend of US$0.83 cents per share, totaling approximately US$99 million (RMB637 million), representing a 16.4% increase compared to the previous year's total of approximately US$177 million (RMB1,225 million) for dividends and share repurchases[106][108]. - Total amount returned to shareholders, including share repurchases, was approximately US$206 million (RMB1,329 million) for the first half of FY2021[106]. - The company acquired 150,759,000 of its own shares during the six months ended September 30, 2021, compared to 140,872,000 shares in the same period of 2020[194]. - The total amount paid for the share buy-back was RMB 692,018,000 for the six months ended September 30, 2021, an increase from RMB 669,510,000 in the same period of 2020[195].

Financial Performance - The company reported a revenue of HKD 4.5 billion for the fiscal year, representing a year-over-year increase of 10%[5] - The net profit for the year was HKD 1.2 billion, which is a 15% increase compared to the previous year[5] - The company has set a performance guidance of 12% revenue growth for the upcoming fiscal year[5] - In FY2020, revenue increased by 9.5% year-on-year to RMB21,998 million, while net profit attributable to equity holders rose by 13.9% to RMB4,158 million[46] - Operating profit for FY2020 grew by 19.4% year-on-year, reaching RMB5,736 million[46] - The profit for the year in FY2021 was RMB4,147,681, compared to RMB3,636,243 in FY2020[43] Market Expansion and Strategy - User data showed a growth in active customers by 20%, reaching 1.5 million users[5] - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share over the next two years[5] - New product launches are expected to contribute an additional HKD 500 million in revenue next year[5] - The company aims to leverage both online and offline channels to launch new products and enhance growth opportunities[47] - The company has diversified its product offerings to include rice crackers, dairy products, beverages, and snack foods[18] - The company has expanded its market reach to include exports to North America, East Asia, Southeast Asia, and Europe[18] Research and Development - The company has invested HKD 300 million in R&D for new technologies aimed at improving product quality and sustainability[5] - The Group has applied for 96 patents, with 75 patents awarded, including 17 related to energy saving, emission reduction, and environmental protection[86] - The Group's R&D emphasizes the development of functional products that cater to diverse consumer health needs[97] Sustainability and Environmental Initiatives - Environmental initiatives are being prioritized, with a commitment to reduce carbon emissions by 30% over the next five years[5] - The cumulative investment in upgrading environmental protection technologies reached RMB 211 million, demonstrating the company's commitment to sustainability[73] - The Group aims to improve energy and water efficiency by 10% and reduce greenhouse gas emissions density by 13% over the next five years, in line with the National 14th Five-Year Plan and Vision 2035[86] - The Group is committed to sustainability in packaging materials, focusing on carbon reduction, lightweight, recycling, and degradation[97] - The Group prioritizes the use of FSC-certified Tetra Pak packaging materials, resulting in the sustainable management of 4,834 hectares (72,508 acres) of forest due to the procurement of 4.15 billion paper packs in 2020[124] Quality and Safety Management - The company emphasizes the importance of product quality and consumer trust as its top competitive advantage[48] - The Group has implemented a WSQM system that integrates GFSI requirements and is based on HACCP principles for food safety management[96] - The Group conducts annual simulation recall exercises at all production bases, ensuring effective monitoring of the production and sales process[153] - The Group's complaint handling system is guided by the "Action Procedures for Customers' complaint," ensuring effective resolution of customer issues[148] Employee Engagement and Management - As of March 31, 2021, the Group had 39,132 employees, with 55% being female and 45% male[79] - The Group emphasizes a people-oriented management philosophy, valuing relationships and talent acquisition[25] - The Group has established various employee welfare programs, including festival benefits, wedding gifts, and commercial insurance, to enhance employee satisfaction and well-being[181] - The Group conducts exit interviews to understand the reasons for employee resignations and gather feedback for improving workplace satisfaction[195] - The Group promotes a fair employment principle, ensuring no discrimination based on age, gender, nationality, or other factors[190] Awards and Recognition - The company was recognized as one of Taiwan's top 25 international brands, ranking third in November 2020[50] - The company won multiple awards at the 12th Golden Mouse Digital Marketing Contest, including a Gold Award for cross-industry joint marketing[58][59] - The "Aiyo Rice Noodles Series" key technology and industrialization research won the third prize of the Technology Innovation Award, while the electrolysis functional water technology received the second prize of the Technology Progress Award[54][55]

Financial Performance - Want Want China Holdings Limited reported a revenue of HKD 6.5 billion for the fiscal year 2019/2020, representing a 5% increase compared to the previous year[14]. - The company achieved a net profit of HKD 1.2 billion, which is a 10% increase year-over-year[14]. - The revenue for the fiscal year ended March 31, 2020, was RMB 20,094,531, a slight decrease from RMB 20,712,027 in the previous fiscal year[38]. - Profit for the year was RMB 3,636,243, compared to RMB 3,462,571 in the previous fiscal year, reflecting an increase of 5.0%[38]. - The gross profit margin for the year was 48.4%, showing a stable performance compared to previous years[36]. - The EBITDA margin for the year was 27.8%, indicating a solid operational efficiency[36]. - The company declared dividends of RMB 3,649,215, an increase from RMB 2,877,682 in the previous fiscal year[38]. - Basic earnings per share for the year was RMB 29.38, up from RMB 27.93 in the previous fiscal year[38]. - Revenue for FY2019 decreased by 3.0% to RMB20,094.5 million compared to FY2018, impacted by the COVID-19 pandemic[43]. - Gross profit margin increased from 45.4% in FY2018 to 48.0% in FY2019 due to product-mix optimization and decreased raw material costs[43]. - Operating profit rose by 4.8% to RMB4,805.9 million in FY2019 compared to FY2018[43]. - Net profit attributable to equity holders increased by 5.0% to RMB3,649.2 million in FY2019 compared to FY2018[43]. Strategic Initiatives - The company plans to expand its product line with the introduction of three new snack products in the next fiscal year[14]. - Future outlook includes a projected revenue growth of 8% for the upcoming fiscal year, driven by market expansion strategies[14]. - Market expansion efforts will target Southeast Asia, with a goal to increase market share by 10% in the region[14]. - The company has initiated discussions for potential acquisitions to diversify its product offerings and enhance market presence[14]. - Want Want China Holdings Limited has set a performance guidance of HKD 7 billion in revenue for the next fiscal year[14]. - The company aims to create new business ventures annually, emphasizing the importance of teamwork and dedication among employees[32]. - The management highlighted the need for a long-term vision to ensure sustainable profitability and growth[32]. - The company is focused on integrating talent, technology, and market strategies to achieve its goal of becoming a "World Elite Dragon"[32]. Operational Efficiency - Want Want China Holdings Limited is focusing on enhancing its supply chain efficiency, aiming for a 20% reduction in logistics costs[14]. - The company is investing HKD 300 million in new technology for production automation to improve operational efficiency[14]. - The Group achieved a 100% complaint resolution rate and a 100% pass rate of quality inspection of finished goods[67]. - The Group's quality control initiatives included 223 national QC teams and 1,823 in-service circle members, resulting in tangible benefits amounting to RMB 8.2353 million from 14,178 accepted proposals[114]. - The Group's recall management process is standardized, ensuring timely identification and resolution of food safety risks[172]. - The average traceability time for product recalls is 3.18 hours, with a conformity rate of 99.10% during the reporting period[172]. - The Group has implemented an online quality assessment system to enhance food safety and operational efficiency, contributing to its digital transformation[164]. Market Presence - The company has a significant presence in the People's Republic of China, which is one of the fastest-growing economies globally, and has an extensive nationwide sales and distribution network[18]. - The company exports products to various markets, including North America, East Asia, Southeast Asia, and Europe[20]. - More than 90% of the Group's revenue and businesses were generated in the Chinese mainland during the reporting period from April 1, 2019, to March 31, 2020[61]. - The sales entity in Vietnam commenced operations in 2019, with plans for additional Southeast Asian sales entities in 2020[44]. - The company aims for overseas markets to become a significant growth engine in the future[44]. Corporate Culture and Employee Engagement - The company emphasizes a corporate culture that fosters communication and unity among employees and their families through various activities[24]. - The management philosophy focuses on being people-oriented, self-confident, and united, aiming to achieve sustainable profits and prosperity for both the group and individuals[30]. - The company aims to become the "Elite Dragons of the World" through periodic new ventures and collective efforts from all employees[30]. - The Group's commitment to employee rights includes providing a safe and healthy working environment and establishing career development platforms[187]. - The Group emphasizes a remuneration system that is systematic and fair, adjusting salaries based on efficiency and sustainable development principles[200]. Environmental and Social Responsibility - Cumulative investment in upgrading environmental protection technologies was RMB198 million[73]. - The Group used 3.5 billion cartons certified by the Forest Stewardship Council (FSC) and the Sustainable Forestry Initiative (SFI), equivalent to planting 63,000 trees[75]. - Solar photovoltaic power generated amounted to 2,550,000 kWh, reducing carbon dioxide emissions by about 2,036 tonnes[77]. - Energy efficiency increased by 17.97% compared to 2015, equivalent to saving 30,900 tonnes of standard coal[69][71]. - Utilization efficiency of water resources increased by 20.48%, equivalent to saving 1,920,000 tonnes of water[71]. - The Group has donated Water God disinfectant generation equipment to over 100 schools across China as part of its community support efforts during the pandemic[104]. - The Group's environmental, social, and governance (ESG) strategies involve active communication with stakeholders, including shareholders, consumers, and regulatory authorities[107]. Product Development and Innovation - The company aims to develop functional products focusing on sugar reduction, organic nutrition, and green packaging, enhancing health benefits while reducing unhealthy ingredients[121]. - The Group's R&D strategy emphasizes independent innovation, targeting consumer demand for safety and health in product development[115]. - A new branding business team "Shi Ji Yan" was established in 2019 to target younger consumer groups[44]. - New product series launched include "Prime of Love" for middle-aged consumers, "Fix Body" for fitness enthusiasts, and "Baby Mum-Mum" for new parents[44]. - The company integrates Chinese food culture into its products, enhancing their appeal through natural and healthy ingredients[121]. Supplier Management - The supplier management system includes strict qualification examinations and adherence to quality and environmental standards, ensuring integrity and mutual benefit[125]. - The group emphasizes risk assessment of suppliers through third-party platforms and on-site visits, rejecting those that do not meet standards[130]. - A quantifiable assessment standard for suppliers is established based on quality, delivery, cost, and service, with monthly evaluations conducted[134]. - The Group's supplier management includes annual reviews and daily assessments, with non-compliant suppliers blacklisted[145]. - In FY 2019, the Group had 1,403 centralized procurement suppliers, primarily local suppliers, managed according to the Group's supplier management measures[138]. Safety and Compliance - The Group's safety project in the second quarter of 2019 focused on "Full Inspection of Risks and Hidden Dangers," aligning with national safety production month themes[193]. - The Group's safety production policy prioritizes "safety first, prevention driven," ensuring comprehensive governance in production safety[189]. - The Group's factories achieved a production safety standardization level of Class C, with factories in Beijing and Shijiazhuang reaching Class B standard[189]. - There were no employee fatal accidents reported during the reporting period[195]. - The Group conducted 2,030 "One-Day Auditor" activities across 32 production bases to enhance product quality[150]. Intellectual Property Management - The Group owns 2,457 trademarks, 32 patents, and 112 copyrights registered in mainland China, ensuring robust intellectual property management[174]. - The intellectual property rights department conducts regular training for staff on legal knowledge related to intellectual property and advertising compliance[179]. - The Group's intellectual property rights department actively engages in protecting trademarks and fighting against counterfeiting, providing legal support for major cases[177]. - All product packaging, promotional materials, and advertisements are subject to review by the intellectual property rights department to ensure compliance with relevant laws and regulations[185].

Financial Performance - Revenue for the six months ended September 30, 2019, was RMB 9,304,071, representing a 0.6% increase from RMB 9,248,125 in 2018[16]. - Gross profit increased by 10.5% to RMB 4,550,046, with a gross profit margin of 48.9%, up from 44.5%[16]. - Operating profit rose by 15.9% to RMB 2,053,767, resulting in an operating profit margin of 22.1%, compared to 19.2% in the previous year[16]. - Profit attributable to equity holders of the Company increased by 18.4% to RMB 1,614,913, with a margin of 17.4%, up from 14.8%[16]. - The Company reported a significant improvement in key financial ratios, with gross profit margin increasing by 4.4 percentage points and operating profit margin increasing by 2.9 percentage points[16]. - Total revenue for the first half of FY2019 reached RMB 9,304.1 million, a 0.6% increase compared to the same period in FY2018[20]. - Core products contributed approximately 85% of total revenue, achieving a mid-single-digit revenue growth rate[20]. - Operating profit rose by 21.2% to RMB 1,894.5 million compared to the same period last year[20]. - Profit attributable to equity holders increased by 18.4% to RMB 1,614.9 million, with a profit margin of 17.4%, up 2.6 percentage points[21]. - The Group achieved mid-to-high single-digit revenue growth in overseas markets, driven by strong brand recognition and diverse product offerings[26]. Market Strategy and Outlook - The Company is focused on expanding its market presence and enhancing product offerings through new product development and technology advancements[16]. - Future outlook includes strategic initiatives aimed at increasing operational efficiency and market share in the competitive landscape[16]. - The Company is exploring potential mergers and acquisitions to bolster growth and diversify its product portfolio[16]. - Continued investment in research and development is planned to drive innovation and meet evolving consumer demands[16]. - The management remains optimistic about achieving sustainable growth and improving profitability in the upcoming periods[16]. - The Group's digital marketing initiatives enhanced interaction with young consumers, creating a fan ecosystem beneficial for customer base expansion[31]. - New product launches, including brown-sugar coated crackers and innovative packaging, have become significant revenue sources for the Group[28]. - The Group plans to launch specialized festival gift packs for rice cracker products in the second half of FY2019 to capitalize on the Chinese New Year sales peak[39][40]. - Emerging channels such as vending machines and official online malls have shown rapid growth, contributing to the overall revenue increase in core-brand rice crackers[36][38]. - The Group aims to leverage e-commerce platforms for marketing during the "Double 11" event and promote festive products for the upcoming Spring Festival[59]. Cost and Expenses - The Group's operating expenses as a percentage of revenue increased by 4.0% year-on-year to 28.5%, totaling RMB 2,655.6 million[20]. - Distribution costs for the first half of FY2019 were RMB 1,369.9 million, a decrease of RMB 69.2 million or 4.8% compared to the first half of FY2018, with distribution costs as a percentage of revenue decreasing to 14.7%[66][69]. - Administrative expenses for the first half of FY2019 amounted to RMB 1,285.7 million, an increase of RMB 170.6 million or 15.3% compared to the first half of FY2018, with administrative expenses as a percentage of revenue rising to 13.8%[67][70]. - The cost of sales decreased by 7.4% to RMB 4.754 billion in the first half of FY2019, mainly due to lower prices of key raw materials[50]. Inventory and Receivables - The Group's inventory turnover days increased to 94 days, while trade receivables and payables turnover days remained at 19 and 43 days respectively[18]. - As of September 30, 2019, the inventory balance was RMB 2,576.6 million, up from RMB 2,387.7 million as of March 31, 2019[85]. - Trade receivables turnover days remained stable at 19 days for both the six months ended September 30, 2019, and the year ended March 31, 2019[89]. - Trade payables relate mainly to raw material purchases with credit terms generally between 30 to 60 days[90]. Cash Flow and Financing - Cash generated from operations for the six months ended 30 September 2019 was RMB 2,585,259,000, resulting in net cash from operating activities of RMB 1,934,506,000[123]. - Dividends paid to equity holders for the six months ended 30 September 2019 amounted to RMB 2,543,364,000, compared to RMB 1,842,996,000 in the same period of 2018[123]. - Cash flows from financing activities included borrowings of RMB 3,801,633,000, with repayments of RMB 3,450,773,000 during the same period[123]. - The Group's cash and deposits as of September 30, 2019, amounted to RMB 16,636.2 million, a decrease of RMB 524.2 million compared to March 31, 2019, primarily due to dividend payments[74][77]. Assets and Liabilities - Total assets as of September 30, 2019, were RMB 29,353,781, a decrease from RMB 29,874,405 as of March 31, 2019[110]. - Total liabilities increased to RMB 15,396,272 from RMB 14,414,578, indicating a rise of about 6.8%[110]. - Total equity attributable to equity holders of the Company was RMB 13,957,509, down from RMB 15,459,827[110]. - The total borrowings were RMB 10,366,803,000, with RMB 1,637,941,000 due within one year[173]. Employee and Training - The average number of employees for the first half of FY2019 was approximately 42,140, a decrease of 3,960 employees compared to the average for the year ended March 31, 2019[92]. - Total remuneration expenses for the first half of FY2019 amounted to RMB 1,876.0 million, representing a decrease of 1.6% compared to the first half of FY2018[92]. - The Group has invested significant resources in continuing education and training programs for employees to improve their professional knowledge and skills[93]. Accounting and Compliance - The Group's financial statements are prepared in accordance with Hong Kong Accounting Standard 34 "Interim Financial Reporting"[103]. - The review of the condensed consolidated interim financial information did not reveal any significant matters that would affect the financial statements[103]. - The Group's financial information is presented in Renminbi (RMB) unless otherwise stated[126]. - The Group adopted HK (IFRIC) 23 to address uncertainty over income tax treatments, requiring separate consideration of each uncertain tax treatment[155].

Financial Performance - Revenue for the fiscal year 2018/2019 reached $5.6 billion, representing a 6.8% year-over-year growth[1] - Net profit increased by 12.3% to $1.2 billion, driven by cost optimization and higher sales volume[1] - Revenue for the year ended 31 March 2019 was RMB 20,712,027 thousand, an increase from RMB 20,149,781 thousand in the previous year[34] - Profit before income tax for the year ended 31 March 2019 was RMB 4,806,321 thousand, up from RMB 4,293,467 thousand in the previous year[34] - Net profit attributable to equity holders of the company for the year ended 31 March 2019 was RMB 3,476,599 thousand, compared to RMB 3,115,834 thousand in the previous year[35] - Basic earnings per share for the year ended 31 March 2019 were RMB 27.93 cents, up from RMB 24.93 cents in the previous year[36] - Total assets as of 31 March 2019 were RMB 29,836,438 thousand, an increase from RMB 26,683,103 thousand in the previous year[39] - Total equity as of 31 March 2019 was RMB 15,428,236 thousand, up from RMB 14,610,900 thousand in the previous year[39] - Dividends for the year ended 31 March 2019 were RMB 2,877,682 thousand, an increase from RMB 2,473,233 thousand in the previous year[37] - Revenue for FY2018 increased by 2.8% to RMB20,712.0 million compared to FY2017[42] - Gross profit grew by 9.2% to RMB9,400.2 million due to an increase in gross profit margin[42] - Profit attributable to equity holders of the company increased by 11.6% to RMB3,476.6 million[42] - Total revenue for the year ended 31 March 2019 increased by 2.8% to RMB20,712.0 million compared to the previous year[165] - Gross profit margin increased by 2.7 percentage points year-on-year to 45.4%[165] - Operating profit (excluding other income and other gains – net) increased by 16.8% to RMB4,077.4 million[165] - Profit attributable to equity holders of the Company increased by 11.6% year-on-year to RMB3,476.6 million[166] - The margin of profit attributable to equity holders increased by 1.3 percentage points to 16.8%[166] - Operating expense as a percentage of revenue was 25.7%, amounting to RMB5,322.8 million[165] - EBITDA increased by 9.4% to RMB4,586.5 million[163] - Total revenue for FY2018 increased by 2.8% to RMB 20.712 billion, with emerging channels becoming a key driver of growth[167] - Gross profit margin rose by 2.7 percentage points to 45.4% in FY2018, driven by optimized product mix and improved channel profitability[167] - Operating profit (excluding other income and gains) increased by 16.8% to RMB 4.077 billion in FY2018[167] - Net profit attributable to equity holders grew by 11.6% to RMB 3.477 billion, with a profit margin increase of 1.3 percentage points to 16.8%[167] - Total revenue for 2018FY increased by 2.8% to RMB20,712.0 million compared to 2017FY[191] - Revenue from rice crackers segment grew by 3.9% to RMB5,813.5 million in 2018FY[191][192] - Revenue from snack foods segment increased by 3.5% to RMB5,101.1 million in 2018FY[191] - Dairy products and beverages segment revenue rose by 1.6% to RMB9,729.6 million in 2018FY[191] Market Expansion and Growth - The company expanded its market share in China by 2.5%, reaching a total market penetration of 18.7%[1] - The company expects revenue growth of 5-7% for the next fiscal year, with a focus on expanding in Southeast Asia[1] - The company's first subsidiary in China was established in Hunan province in 1992, marking its entry into the Chinese market[9] - The company expanded from a rice cracker company to a diversified food and beverages company in the following years after entering China[9] - The company's subsidiary, Want Want Holdings Ltd., was listed on the Singapore Exchange Securities Trading Limited in May 1996[9] - The company was listed on the Hong Kong Stock Exchange on 26 March 2008 and was selected as a constituent of the Hang Seng Mainland Composite Index and the Morgan Stanley Capital International China Index in the same year[9] - The company's Taiwan Depositary Receipts were listed on the Taiwan Stock Exchange Corporation on 28 April 2009[9] - The company was selected as a constituent stock of the Hang Seng Index in Hong Kong on 5 December 2011[9] - The company's Taiwan Depositary Receipts were voluntarily withdrawn from listing on the Taiwan Stock Exchange on 15 October 2013[9] - The company's operations are primarily located in China, with additional operations in Taiwan, Japan, Hong Kong, and Singapore[10] - The company has an extensive nationwide sales and distribution network throughout China and exports products to markets including the United States, Canada, Southeast Asia, and Europe[10] - The company plans to introduce more unique new products to cater to different consumer scenarios and groups[42] - Over 90% of the Group's revenue and businesses were generated in Mainland China during the reporting period (1 April 2018 to 31 March 2019)[56][58] - The company plans to launch rice crackers with local characteristics in overseas markets as part of its expansion strategy[196] - In 2019FY, the Group will focus on product differentiation strategies, increasing the proportion of customized products and introducing new products like functional drinks and "Mr. Bond milk tea"[198] - Emerging channels became a new driving force for snack foods revenue growth in 2018FY[199] - The Group will concentrate resources on market-potential products like "Lactic Acid Bacteria" and "O-Bubble Fruit milk" in 2019FY[198] - Export sales of rice crackers achieved mid single-digit growth in 2018FY, with further expansion planned for overseas markets[196] Product Development and Innovation - New product launches contributed $450 million in revenue, accounting for 8% of total sales[1] - R&D investment increased by 15% to $120 million, focusing on innovative food and beverage technologies[1] - The company completed two strategic acquisitions, totaling $300 million, to enhance its product portfolio[1] - The company plans to invest $200 million in new production facilities to support future growth[1] - The company won the Food Safety Innovation Technology Award in July 2018[45][46] - The company won two bronze awards in the 9th Golden Mouse Digital Marketing Contest[47] - The company won the China Food Health Seven Star Award for the fourth consecutive year[49] - The company won the China Dairy Industry Quality and Safety Management Outstanding Enterprise Award and Outstanding New Product Award in August 2018[50][51] - The company was listed in the "Taiwan's Top 20 International Brands" for the 10th consecutive year with a brand value of US$897 million[52][53] - The Group is committed to developing leading and prospective products, focusing on safety, health, and taste, with an R&D strategy of "leading in technology and innovating the entire industrial chain"[69][71] - The Group continues to develop functional products, focusing on sugar reduction, organic nutrition, functional health, and green packaging, while integrating Chinese food culture into its products[74] - The company has achieved 100% localization of certain raw materials previously imported from overseas, such as aluminum[79] - The company focuses on reducing sugar, fat, and sodium content in products while increasing healthy carbohydrates from whole grains, fruits, and vegetables[75] - The company integrates traditional Chinese dietary culture, such as tea and soup culture, into its product development[75] - New products like "Tian She Mi Shao," "Dongchi," and "QQ juicy gummy" were launched, offering unique consumer experiences[179] - The Group introduced three "Palace" series snack foods inspired by IP elements from the Palace Museum[185][188] Operational Efficiency and Cost Management - Gross margin improved by 1.2 percentage points to 45.6%, driven by better cost management[1] - The company had 10,000 wholesalers, 427 sales offices, 35 production bases, and 85 factories in China as of 31 March 2019[30] - Non-current assets as of 31 March 2019 were RMB 8,641,902 thousand, compared to RMB 9,330,069 thousand in the previous year[39] - Current liabilities as of 31 March 2019 were RMB 6,295,159 thousand, down from RMB 8,728,952 thousand in the previous year[41] - The company has established a comprehensive supplier management system, including selection, evaluation, grading, and improvement processes[76][77] - The company prioritizes suppliers with outstanding performance in energy conservation, emission reduction, and social contribution[83] - The company has implemented a strict imported raw material filing system to strengthen traceability[82] - The company has developed an online quality assessment system to identify root causes of quality issues and provide early warning signs of risks[84] - The company has won the title of "Digital Promotion of China's Food Industry Transformation Model Enterprise" at the 3rd China Food Industry Internet Conference in 2018[84] - The company has established a full-process management system for raw material suppliers, ensuring compliance, quality, and safety[76] - The company strictly adheres to the "Food Recall Management Measures" and has established a standardized simulation traceability system and recall process[86][89] - The company conducted 502 two-way simulation traceability tests during the reporting period, with a conformity rate of 99% and an average tracing time of less than 4 hours[91] - The company implemented the Want Want Standard Safety Management System (WSSM System) and conducted quarterly EHS theme activities during the reporting period[100] - The company's product packaging, promotional materials, and advertisements are reviewed by the intellectual property and related departments to ensure compliance with laws and regulations[94][96] - The company provides employees with suitable protective equipment and conducts regular occupational health checkups for those exposed to occupational hazards[99] - The company's remuneration system is systematically designed and adjusted based on actual conditions, following principles of fairness and sustainable development[101] - The company conducted 284 specialized occupational health training sessions in 2018 to inform employees exposed to occupational hazards[103] - The company implemented a dual-track promotion system, offering separate channels for management and non-management roles (sales/technicians)[114] - Employees receive 2-5 additional days of annual leave based on their rank, in addition to statutory leave[105] - The company provides various employee benefits including festival welfare, wedding gifts, funeral consolation money, and commercial insurance[106] - The company strictly prohibits employment discrimination based on age, gender, nationality, race, and religion, and enforces a no-child-labor policy[111] - The company follows the WSSM (Want Want Standard Safety Management) system and conducts quarterly safety-themed activities to enhance workplace safety[103] - The company has established a comprehensive attendance management system, ensuring legal compliance with overtime payments and compensatory time off[107] - The company emphasizes lifelong learning and provides annual training programs for all employees to support their career development[113] - The company has set up a performance assessment system to assist employees in achieving promotion goals through relevant training[116] - The company adheres to the Labor Law of the People's Republic of China, ensuring fair and legal termination of employment contracts[112] - The company has 644 internal trainers as of 31 March 2019, with an average of 34 training hours per employee[118] - The company established a whistle-blowing mechanism with a hotline and mailbox to report corruption and fraud, offering rewards for real-name whistle-blowing[120] - The company conducted special audits in high-risk areas for corruption and fraud, promoting anti-corruption through videos, articles, and case studies[119] - The company implemented a "zero tolerance" policy towards violations of work and business ethics[119] Environmental Sustainability - Energy efficiency increased by 13.9% compared to 2015, equivalent to saving 23,000 tonnes of standard coal[61] - Water resource utilization efficiency increased by 12.1% compared to 2015, equivalent to saving 1,135,600 tonnes of water[62] - Cumulative investment in upgrading environmental protection technologies reached RMB193 million, with RMB28.0 million invested during the reporting period[61][63] - Solar photovoltaic power generation amounted to 1,450,000 kWh during the reporting period[64] - Cumulative investment in upgrading environmental protection technologies reached RMB193 million since 2016[125] - Waste water discharge reduced by 164,000 tonnes due to production water process optimization[127] - Utilisation efficiency of water resources increased by 12.1% compared to 2015[127] - RMB28.00 million was devoted to upgrading environmental protection technologies[123] - The company formulated internal monitoring standards for sewage treatment to ensure compliance with national or local standards[127] - Wastewater discharge reduced by 164,000 tons through production process optimization[129] - Total chemical oxygen demand (COD) emissions were 325 tonnes during the reporting period[129] - Nitrogen oxide (NOX) emissions reduced by 19,943 kg through modifications to gas-burning boilers[131] - Volatile organic compounds (VOCs) emissions reduced by 5,150 tonnes through equipment upgrades[131] - Total carbon dioxide emissions were 570,937 tonnes, with an emission intensity of 28.9 tCO2e per million RMB of output value[133] - Solar photovoltaic power generation project in Shanghai factory generated 1,450,000 kWh, reducing carbon dioxide emissions by approximately 1,160 tonnes[134][135] - Total non-hazardous waste amounted to 33,900 tonnes, with effective recycling and disposal measures in place[136] - Total energy consumption was 1,833,691 MWh, with electricity accounting for 357,413 MWh, natural gas for 1,121,059 MWh, and steam for 355,219 MWh[144] - Energy intensity was 92.97 MWh per million RMB of output value[144] - Saved electricity 42,000 kWh and 1,800,000 kWh through energy-saving measures in packaging materials factories and air compressors/water chillers respectively[145] - Saved 29,000 tonnes of steam annually through energy-saving renovations in confectionery and rice cracker plants[145] - Saved 700,000 m³ of natural gas annually through energy-saving renovations of rice cracker machines[145] - Reduced water consumption by 340,000 tonnes during the reporting period[149] - Total production output was 1,590,000 tonnes with packaging material usage of 222,000 tonnes, a 4% year-on-year decrease in packaging material usage per unit produced[150] - The Group prioritizes FSC-certified Tetra Pak packaging materials from renewable forests[150] - Water intensity decreased to 475.6 tonnes per million RMB of output value[148] - The Group promotes green procurement by collaborating with suppliers equipped with solvent recyclers and optimizing VOCs treatment[151] Corporate Social Responsibility and Employee Welfare - The Group has 45,100 serving employees, with 55% female and 45% male, and an average of 34 training hours per employee[65] - The Group obtained a total of 115 certificates for quality and food safety management systems, including ISO22000, ISO9001, HACCP, and BRC[67][70] - The company carried out 284 special occupational health training sessions for employees exposed to occupational hazards in 2018[99] - The company provides employees with suitable protective equipment and conducts regular occupational health checkups for those exposed to occupational hazards[99] - The company's remuneration system is systematically designed and adjusted based on actual conditions, following principles of fairness and sustainable development[101] - The company conducted 284 specialized occupational health training sessions in 2018 to inform employees exposed to occupational hazards[103] - The company implemented a dual-track promotion system, offering separate channels for management and non-management roles (sales/technicians)[114] - Employees receive 2-5 additional days of annual leave based on their rank, in addition to statutory leave[105] - The company provides various employee benefits including festival welfare, wedding gifts, funeral consolation money, and commercial insurance[106] - The company strictly prohibits employment discrimination based on age, gender, nationality, race, and religion, and enforces a no-child-labor policy[111] - The company follows the WSSM (Want Want Standard Safety Management) system and conducts quarterly safety-themed activities to enhance workplace safety[103] - The company has established a comprehensive attendance management system, ensuring legal compliance with overtime payments and compensatory time off[107] - The company emphasizes lifelong learning and provides annual training programs for all employees to support their career development[113] - The company has set up a performance assessment system to assist employees in achieving promotion goals through relevant training[116] - The company adheres to the Labor Law of the People's Republic of China, ensuring fair and legal termination of employment contracts[112] - The company has 644 internal trainers as of 31 March 2019, with an average of 34 training hours per employee[118] - The company established a whistle-blowing mechanism with a hotline and mailbox to report corruption and fraud, offering rewards for real-name whistle-blowing[120] - The company conducted special audits in high-risk areas for corruption and fraud, promoting anti-corruption through videos, articles, and case studies[119] - The company implemented a "zero tolerance" policy towards violations of work and business ethics[119] - The Want Foundation, established in 1997, conducts nationwide charitable activities with 18 branches across China[157] Marketing and Branding - E-commerce sales grew by 25% year-over-year, contributing $1.1 billion to total revenue[1] - The company won two bronze awards in the 9th Golden Mouse Digital Marketing Contest[47] - The company was listed in the "Taiwan's Top 20 International Brands" for the 10th consecutive year with a brand value of US$897 million[52][53] - The "Hot-Kid seasoning" announcement received over 200 million impressions[183][187] - The "A Bite to be Cute" event on TikTok attracted over 150,000 impressions and total online promotion impressions exceeded 5 million[184][188