智通财经APP讯，VITASOY INT'L(00345)发布公告，于2025年11月26日，该公司斥资2662.46万港元回 购396.2万股股份，每股回购价6.51-6.79港元。 ...

格隆汇11月26日丨VITASOY INT'L(00345.HK)发布公告，2025年11月26日耗资2662万港元回购396万 股，回购价格每股6.51-6.79港元。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 維他奶國際集團有限公司 呈交日期： 2025年11月26日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | | 是 | | | 證券代號 (如上市) | 00345 | 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | 庫存股份變動 | | | | | | 事件 | | 已發行股份（不包括庫存股份）變動 佔有關事件前的現有已發 | | | 每股發行/出售 ...

Core Viewpoint - Macquarie's research report indicates that Vitasoy International's revenue in the mainland market for the third quarter has decreased by 9% year-on-year, with the plant-based milk category down by 10% and tea products up by 5%, showing a slowdown from double-digit growth in the same period last year [1] Group 1: Financial Performance - Revenue in the mainland market decreased by 9% year-on-year in Q3 [1] - Plant-based milk category revenue fell by 10% [1] - Tea category revenue increased by 5%, but growth has slowed compared to last year's double-digit figures [1] - Revenue in the Hong Kong market declined by 4% [1] Group 2: Management Insights and Future Plans - Management has observed a slight improvement in mainland market performance compared to the first half of the fiscal year [1] - The company plans to continue driving growth in the Hong Kong market [1] - There are plans to accelerate expansion into emerging channels such as online and snack chain stores [1] Group 3: Profit Forecast and Target Price - Macquarie has lowered Vitasoy's net profit forecasts for the fiscal years 2026 and 2027 by 16.3% and 13.3%, respectively [1] - The target price has been reduced from HKD 10 to HKD 7.4 [1] - The rating remains "Outperform" [1]

Core Viewpoint - Vitasoy International reported a revenue of HKD 3.227 billion for the six months ending September 30, 2025, representing a year-on-year decrease of 6% [1] Financial Performance - The gross profit margin slightly declined to 51.1% during the interim financial period, primarily due to increased trade promotion expenses and a decrease in product prices in mainland China, although some of the decline was offset by lower raw material costs and improved operational efficiency [1] - The profit attributable to equity holders was HKD 172 million, reflecting a year-on-year increase of 1% [1] Market Trends - In the mainland China market, the growth rate of plant-based milk and tea products is slowing, with consumers shifting from traditional retail channels to various online platforms, including social media and instant e-commerce platforms, as well as membership-based stores and chain snack shops [1] - The slowdown in traditional retail channels, which constitute a significant portion of the company's business, has not been fully compensated by the growth in e-commerce platforms and chain snack shops, leading to an overall revenue decline of 9% [1] Product Innovation - Despite the challenges, the company has managed to increase its market share in the soy milk and plant-based milk categories due to effective promotions and competitive pricing [1] - In the tea category, the successful launch of innovative products such as Vitasoy's Lemon Tea has contributed to an increase in market share [1]

Core Viewpoint - Vitasoy International (00345) experienced a nearly 3% decline, reaching a new low of HKD 6.48 since late October last year, primarily due to weak performance in its mainland China business [1] Financial Performance - For the six months ending September 30, 2025, the company reported revenue of HKD 3.227 billion, a year-on-year decrease of 6% [1] - Gross profit was HKD 1.648 billion, down 7% compared to the previous year [1] - Profit attributable to equity holders was HKD 172 million, reflecting a year-on-year increase of 1% [1] Market Dynamics - The revenue decline of 6% was mainly attributed to challenging market conditions in mainland China [1] - Growth rates for plant-based milk and tea products are slowing in the mainland market, with consumers shifting from traditional retail channels to various online platforms, including social media and instant e-commerce platforms, as well as membership-based stores and chain snack shops [1] - The slowdown in traditional retail channels, which constitute a significant portion of the company's business, has not been fully offset by growth in e-commerce platforms and chain snack stores, leading to an overall revenue decrease of 9% [1]

Core Viewpoint - Vitasoy International (00345) reported a decline in revenue and gross profit for the six months ending September 30, 2025, primarily due to weak market conditions in mainland China, leading to a nearly 3% drop in stock price, reaching a new low since October last year [1] Financial Performance - Revenue for the period was HKD 3.227 billion, a decrease of 6% year-on-year [1] - Gross profit amounted to HKD 1.648 billion, down 7% compared to the previous year [1] - Profit attributable to equity holders was HKD 172 million, reflecting a 1% increase year-on-year [1] Market Dynamics - The decline in revenue is attributed to the slowdown in the plant-based milk and tea product categories in mainland China, with consumers shifting from traditional retail channels to various online platforms, including social media and instant e-commerce platforms [1] - The traditional retail channels, which represent a significant portion of the company's business, are experiencing a slowdown, while growth in e-commerce platforms and chain snack stores has not fully offset this impact, resulting in an overall revenue decrease of 9% [1]

Core Viewpoint - Vitasoy International Group Limited reported a revenue decline of 6% to HKD 3.227 billion for the first half of the fiscal year 2025/2026, primarily due to weak market conditions in mainland China, while net profit attributable to shareholders increased by 1% to HKD 172 million [1][2] Group 1: Financial Performance - The gross profit margin and operating profit margin for the group were 51.1% and 7.6%, respectively [1] - The mainland business maintained an operating profit margin of 11% during the mid-term financial period despite a decline in sales [2] - The company plans to distribute an interim dividend of HKD 0.04 per share on December 23 [1] Group 2: Market Strategy - The management emphasized the importance of enhancing commercial execution and product innovation to adapt to the rapidly changing external macro and competitive environment [1][3] - Vitasoy launched new products such as Vitasoy Duck Shit Lemon Tea, which contributed to an increase in market share in the ready-to-drink tea category [1][2] - The company is focusing on expanding its presence in the breakfast scene through a marketing campaign that integrates various media platforms to resonate emotionally with consumers [2] Group 3: Operational Adjustments - The company is implementing a multi-faceted strategy to address the revenue decline, including improving operational execution, launching innovative products, and adopting competitive pricing strategies [3] - Vitasoy is actively enhancing its sales team resources to ensure accelerated growth in core regions, particularly in southern China and Southeast Asia [3] - The company has been pursuing cost optimization measures, such as optimizing effective outlets and reducing unnecessary promotional expenditures [3]

Financial Data and Key Metrics Changes - For the six months ended September 30, 2025, the group's revenue decreased by 6% to HKD 3.2 billion compared to the previous year, primarily due to weak demand and competitive pricing in the Chinese mainland operation [2] - The gross profit margin decreased to 51.1%, with operational profits down by 4% to HKD 247 million, mainly due to a decline in gross profit [2] - Profits attributable to shareholders increased by 1% to HKD 172 million, aided by lower finance costs and income tax [2] - Earnings per share rose by 2% to HKD 16.2 [3] - Capital expenditure for the period was HKD 57 million, slightly higher than last year, with cash on hand at HKD 1.27 billion [3] Business Line Data and Key Metrics Changes - The Chinese mainland unit's total revenue was HKD 2.9 billion, down 7% year-on-year, with operating profit decreasing by 14% to HKD 326 million [8] - Hong Kong operations maintained strong performance, with an operating margin of 12%, down 1.7 percentage points [5] - Australia and Singapore units showed growth, with Australia-New Zealand revenue increasing from 8% to 9% of total group revenue [8][12] Market Data and Key Metrics Changes - The Chinese mainland unit accounts for 55% of total group revenue, while Hong Kong operations contribute 34% [8] - The plant milk category in China declined by 10%, and the tea category's growth slowed to 5% [9] - In Australia and New Zealand, revenue increased by 5% in local currency, reflecting growth in the plant milk market [12] Company Strategy and Development Direction - The company aims to enhance capabilities in the Chinese mainland to improve top-line performance, focusing on general trade and new channels like online commerce and snack chains [6][10] - In Hong Kong, the strategy includes accelerating top-line growth despite a slower retail environment [11] - The company is committed to cost control and efficiency improvements across all operations [5][15] Management's Comments on Operating Environment and Future Outlook - Management acknowledged short-term challenges but expressed confidence in long-term growth potential [7][15] - The company is adjusting its commercial strategy in response to evolving tariff situations affecting North American business [12] - The focus remains on driving market share in both the plant milk and tea categories, with ongoing product innovations [10][11] Other Important Information - The company continues to drive cost reduction programs to improve profitability in various markets, including Singapore and the Philippines [13][14] - The Philippines market is experiencing healthy growth in the plant-based category, with a focus on scaling and profitability [14] Q&A Session Summary - No specific questions and answers were provided in the content, thus this section is not applicable.

Financial Performance and Key Metrics - For the six months ended September 30, 2025, the group's revenue decreased by 6% to HKD 3.2 billion, primarily due to weak demand, higher trade spend, and competitive pricing in the Chinese mainland operation [2] - The gross profit margin decreased to 51.1%, with savings from favorable raw material costs and production optimization partially mitigating the adverse sales performance [2] - Profits from operations decreased by 4% to HKD 247 million, mainly attributable to a decline in gross profit [2] - Profits to shareholders increased by 1% to HKD 172 million due to lower finance costs and income tax [2] - Earnings per share was HKD 0.16, an increase of 2% compared to last year [3] - Capital expenditure for the period was HKD 57 million, slightly higher than last year [3] - As of September 30, 2025, cash on hand was HKD 1.27 billion, with a gearing ratio of 20% [3] Business Line Performance - The Chinese mainland unit's total revenue was HKD 2.9 billion, down 7% versus last year, with operating profit decreasing by 14% to HKD 326 million [8] - Hong Kong operations maintained strong performance but were temporarily affected by Vitaland, Macau, and exports to the United States [5] - Australia and Singapore units sustained growth, with Australia-New Zealand revenue increasing by 5% in local currency [12] - The Hong Kong beverage operation sustained its leadership market shares in both plant milk and tea categories despite a slower retail environment [11] Market Performance - The Chinese mainland unit remains the largest operation by revenue at 55% of the group, while Hong Kong operations account for 34% of total group sales [8] - The plant milk category in China has declined by 10%, while the tea category's growth decreased from double digits to only 5% [9] - In Australia and New Zealand, the adoption of plant milk continues to develop steadily, contributing to revenue growth [12] - The Philippines market for plant-based products continues to grow healthily, with double-digit year-on-year growth since entry [14] Company Strategy and Industry Competition - The company is focusing on improving its capabilities in the Chinese mainland to enhance top-line performance, particularly in new retail channels [6][10] - In Hong Kong, the company aims to accelerate growth in the second half of the financial year [15] - The company is also working on improving its route to market in the general trade channel while expanding into new channels [10] - Cost control measures are being implemented to reduce corporate expenses and improve profitability [5][15] Management Comments on Operating Environment and Future Outlook - Management acknowledged the short-term challenges in the market but expressed confidence in the long-term potential for continuous scaling up [7][15] - The company plans to strengthen resources in the Chinese mainland to improve performance in general trade and accelerate growth in new channels [6][15] - The management highlighted the importance of creative product innovations to drive market share in Hong Kong [11] Other Important Information - The imposition of tariffs by the United States has negatively impacted the North American business, prompting adjustments in the commercial strategy [12] Q&A Session Summary - No specific questions and answers were provided in the content, thus this section is not applicable.