Core Viewpoint - The company, IFBH, anticipates a significant decrease in net profit for the fiscal year ending December 31, 2025, with an expected reduction of approximately 27% to 32% compared to the same period in 2024. Adjusted net profit (non-IFRS) is projected to decline by about 20% to 25% year-over-year [1] Group 1: Financial Projections - The expected net profit decrease is attributed to a combination of operational and strategic factors [1] - The adjusted net profit is expected to be impacted by operational challenges faced by the brand Innococo, which has seen a substantial revenue decline [1] Group 2: Operational Challenges - Innococo's performance is facing temporary operational challenges rather than a significant impact from potential product demand [1] - The overall revenue growth of the group is affected by Innococo's performance [1] Group 3: Strategic Actions - The company is investing in strategic marketing initiatives for Innococo, including hiring new brand ambassadors and promotional activities to strengthen market position and drive future growth [1] - Strategic actions are being taken to enhance operations and improve execution capabilities for sustainable growth of Innococo [1]

Company News - China Power (02380.HK) signed three independent general contracting agreements with State Nuclear Power Technology Corporation and Shandong Institute, involving a total investment of 768 million yuan [1] - Huitongda Network (09878.HK) completed the acquisition of a 25% stake in Jintongling (300091.SZ), accelerating the implementation of its "integrated production and sales" strategy [1] - CGN New Energy (01811.HK) reported a power generation of 1,647.8 GWh in January, an increase of 7.9% year-on-year [1] - R&F Properties (02777.HK) recorded a contract sales revenue of approximately 720 million yuan in January, a decrease of 8.05% year-on-year [1] - Hopson Development (00754.HK) reported a contract sales amount of approximately 591 million yuan in January, an increase of 24.95% year-on-year [1] - Aoyuan Group (01813.HK) reported contract sales of 325 million yuan in January, a decrease of 35.3% year-on-year [1] - Jianye Real Estate (00832.HK) reported a contract sales amount of 398 million yuan in January, a decrease of 31.1% year-on-year [1] Financial Performance - Shanghai Fudan (01385.HK) projected total revenue of approximately 3.982 billion yuan for 2025, a year-on-year increase of 10.92%, while net profit is expected to be around 232 million yuan, a decrease of 59.42% year-on-year [2] - Ruian Real Estate (00272.HK) issued a profit warning, expecting a net loss attributable to shareholders between 1.7 billion yuan and 1.8 billion yuan for the 2025 fiscal year [2] - YTO Express (06123.HK) issued a profit warning, anticipating a net loss of approximately 145 million to 154 million HKD for the 2025 fiscal year [3] - Baisheng Group (03368.HK) issued a profit warning, expecting a net loss attributable to shareholders of approximately 186 million yuan for the 2025 fiscal year [3] - IFBH (06603.HK) expects a year-on-year decrease in net profit of approximately 27% to 32% for 2025 [4] Strategic Developments - Yingxing Holdings (01440.HK) is exploring the establishment of its AI infrastructure and Software as a Service (SaaS) capabilities to support its AI-driven business plans [5] - Yinger International (08379.HK) has decided to focus on new business in artificial intelligence and industrial digital transformation, concentrating on technology research and commercial applications in the field of digital finance [5] - Samsonite (01910.HK) is seeking shareholder approval for a dual listing share issuance authorization [5] Buyback Activities - Xiaomi Group-W (01810.HK) repurchased 2.7 million shares for a total of approximately 98.36 million HKD, with a buyback price ranging from 36.30 to 36.48 HKD [6] - Geely Automobile (00175.HK) repurchased 1.595 million shares for approximately 26.91 million HKD, with a buyback price ranging from 16.71 to 16.98 HKD [6] - NetEase Cloud Music (09899.HK) repurchased 92,000 shares for approximately 14.96 million HKD, with a buyback price ranging from 160.3 to 166.5 HKD [6] - Kingsoft (03888.HK) repurchased 725,000 shares for approximately 19.99 million HKD, with a buyback price ranging from 27.38 to 27.76 HKD [6] Industry Performance - China Shenhua (01088.HK) reported coal sales of 33.2 million tons in January, an increase of 9.9% year-on-year, and total electricity sales of 20.96 billion kWh, an increase of 34.4% year-on-year [7] - China Southern Airlines (01055.HK) reported a year-on-year decrease of 1.10% in passenger capacity input and a decrease of 2.86% in passenger turnover, with a seat occupancy rate of 83.26%, down 1.51 percentage points year-on-year [7] - China Eastern Airlines (00670.HK) reported a year-on-year decrease of 3.54% in passenger capacity input and a decrease of 1.03% in passenger turnover, with a seat occupancy rate of 85.01%, up 2.16 percentage points year-on-year [7]

Core Viewpoint - IFBH anticipates a significant decrease in net profit for the year ending December 31, 2025, with an expected reduction of approximately 27% to 32% compared to the same period in 2024, and an adjusted net profit decline of about 20% to 25% for the current year [1] Group 1: Financial Performance - The company expects net profit and adjusted net profit to decrease primarily due to operational and strategic factors [1] - The performance of Innococo, one of the smaller brands, has faced temporary operational challenges, leading to a substantial year-on-year revenue decline, which impacts the overall revenue growth of the group [1] - The group's gross margin has been adversely affected by unfavorable foreign exchange movements during the period [1] Group 2: Strategic Actions - The company is investing strategically in marketing for Innococo, including hiring new brand ambassadors and promotional activities for product launches, to strengthen the brand's market position and drive future growth [1] - Strategic actions have been taken to enhance operations and improve execution capabilities, aiming for sustainable growth for Innococo in the future [1]

董事会认为，预期于本年度取得的净利润及经调整净利润减少主要由于营运及战略两种因素结合。公司 较小的品牌之一的Innococo的业绩受到暂时营运挑战，而非潜在产品需求的重大影响，导致收入同比大 幅下降，从而影响集团的整体收入增长。此外，集团的毛利率于期内受到不利外汇变动的不利影响，但 同时对Innococo进行战略营销投资(包括委聘新品牌大使及产品推出促销活动)，以加强品牌的市场地位 及推动未来增长。集团已采取战略性行动加强营运及提升执行能力，使Innococo在未来可持续增长。 IFBH(06603)公布，该集团预计2025年净利润将较2024年同期减少约27%至32%，而本年度经调整净利 润预计将较2024年同期减少约20%至25%。 ...

Core Viewpoint - The company IFBH (06603) anticipates a significant decrease in net profit for 2025, projecting a reduction of approximately 27% to 32% compared to the same period in 2024, with adjusted net profit expected to decline by about 20% to 25% for the current year [1] Group 1: Financial Projections - The expected net profit for 2025 is projected to decrease by 27% to 32% compared to 2024 [1] - The adjusted net profit for the current year is anticipated to decline by 20% to 25% compared to 2024 [1] Group 2: Operational Challenges - The decline in net profit and adjusted net profit is attributed to a combination of operational and strategic factors [1] - The performance of Innococo, one of the company's smaller brands, has faced temporary operational challenges, leading to a significant year-on-year revenue drop [1] Group 3: Strategic Actions - The company's gross margin has been negatively impacted by adverse foreign exchange fluctuations [1] - Strategic marketing investments are being made in Innococo, including hiring new brand ambassadors and promotional activities, to strengthen market position and drive future growth [1] - The company has taken strategic actions to enhance operations and improve execution capabilities for sustainable growth of Innococo in the future [1]

Core Viewpoint - IFBH (06603.HK) expects a significant decrease in net profit for the fiscal year ending December 31, 2025, with an anticipated decline of approximately 27% to 32% compared to the same period in 2024 [1] Financial Performance - The adjusted net profit (non-IFRS measure) is projected to decrease by about 20% to 25% year-on-year [1] - The decline in both net profit and adjusted net profit is attributed to operational and strategic factors [1] Brand Performance - The performance of Innococo, one of the company's smaller brands, has faced temporary operational challenges, leading to a substantial year-on-year revenue decline [1] - The overall revenue growth of the group has been negatively impacted by the poor performance of Innococo [1] Strategic Actions - The group has experienced adverse effects on its gross margin due to unfavorable foreign exchange movements [1] - Strategic marketing investments are being made in Innococo, including hiring new brand ambassadors and promotional activities for product launches, aimed at strengthening the brand's market position and driving future growth [1] - The company has taken strategic actions to enhance operations and improve execution capabilities to ensure sustainable growth for Innococo in the future [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 公 告 全 部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 本公司董事（「董 事」）會（「董事會」）謹此通知本公司股東（「股 東」）及 潛 在 投 資 者， 根據對本集團截至2025年12月31日止年度（「本年度」）的未經審核綜合管理賬目 及 目 前 可 得 其 他 資 料 的 初 步 評 估，預 計 本 年 度 淨 利 潤 將 較2024年同期減少約 27%至32%，而 本 年 度 經 調 整 淨 利 潤（非 國 際 財 務 報 告 準 則 計 量）（不 包 括 上 市 相 關 專 業 費 用）（「經調整淨利潤」）預計將較2024年同期減少約20%至25%。 承董事會命 IFBH Limited 執行董事兼行政總裁 Pongsakorn Pongsak （股 份 代 號：6603） 盈利警告 本公告乃由IFBH Limited（「本公司」，連 同 其 附 屬 公 司 統 稱「本集團」）根據香港聯 合交易所 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 承董事會命 IFBH Limited 執行董事兼行政總裁 Pongsakorn Pongsak 香 港，2026年2月11日 於 本 公 告 日 期， 董 事 會 包 括：(i)執行董事Pongsakorn Pongsak先 生、Metaphon Pornanektana女士及Vipada Kanchanasorn女士；(ii)非執行董事Tawat Kitkungvan先生； 及(iii)獨立非執行董事Thavee Thaveesangsakulthai先 生、Songvilai Jiraphothong女 士、 Pathamakorn Buranasin女士及Supansa Kusonpattana Piriyaporn女 士。 （於 新 加 坡 共 和 國 註 冊 成 立 的 有 限 公 司） （股 份 代 號：6603） 董事會召開日期 IF ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2026年1月31日 | 狀態: | 新提交 | | --- | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | | 公司名稱: | IFBH Limited (於新加坡共和國註冊成立的有限公司) | | | | 呈交日期: | 2026年2月2日 | | | | I. 法定/註冊股本變動 不適用 | | | | FF301 第 1 頁 共 10 頁 v 1.2.0 II. 已發行股份及/或庫存股份變動及足夠公眾持股量的確認 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | 於香港聯交所上市 (註1) | 是 | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 06603 | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 266,666,800 | | 0 | | ...

Investment Highlights - Company IFBH (06603) is rated as outperforming the industry with a target price of HKD 22.00, based on a P/E valuation method corresponding to a 2026 P/E of 23 times [1] - The company holds the largest market share in the coconut water industry in China, benefiting from the health beverage consumption trend, which is expected to drive significant growth in the sector [1] - The retail scale of the coconut water industry in China is projected to reach RMB 9.962 billion by 2025, with a CAGR of 17% from 2025 to 2029, potentially nearing RMB 20 billion by 2029 [1] Market Dynamics - The increase in the number of brands in the coconut water sector is invigorating the industry, with consumer perception shifting as coconut water becomes more mainstream, competing alongside regular juice beverages [1] - Leading brands like IF and Jiaguoyuan are expected to maintain high market shares due to their supply chain and brand-building capabilities [1] Company Strategy - IFBH focuses on brand operation and has built a competitive moat in the category by adopting a light-asset model, outsourcing production to third parties, which enhances operational efficiency [1] - The company aims to establish its IF brand as the market leader in the coconut water sector in China by 2025 [1] Differentiation and Growth Potential - The company plans to leverage Thai flavors to enhance product innovation, addressing market concerns about product homogenization [2] - In 2025, the company will expand its distribution network by partnering with COFCO, which is expected to optimize its distribution channels by 2026 [2] - The establishment of a China headquarters in Shanghai by the end of 2025 is aimed at improving local market adaptation [2] Financial Projections - Earnings per share (EPS) are projected to be USD 0.1, 0.13, and 0.15 for 2025, 2026, and 2027 respectively, with a CAGR of 22% [2] - The company is currently trading at 17.6 and 14.8 times the P/E for 2026 and 2027, respectively, with a target price of HKD 22, indicating a 29% upside potential from current levels [2]