Core Insights - China Wangwang (00151) reported a revenue of approximately 11.108 billion RMB for the six months ending September 30, 2025, representing a year-on-year growth of 2.1% [1] - The profit attributable to equity holders decreased by 7.8% to approximately 1.717 billion RMB, with basic and diluted earnings per share at 14.55 cents [1] Group Performance - For the first half of the 2025 fiscal year, the group's total revenue was 11.1078 billion RMB, growing by 2.1% compared to the same period last year, with sales increasing nearly in double digits [1] - The ice cream segment within the leisure food category achieved double-digit growth [1] - The group maintained strong performance in emerging channels such as e-commerce and OEM, with revenue from these channels also experiencing double-digit growth [1] - The company proactively launched new products targeting the snack wholesale channel, which were well-received by consumers, demonstrating the effectiveness of its strategic response to rapid market changes [1] - Overseas revenue for the first half of the 2025 fiscal year saw low single-digit growth, with positive momentum in regions like Japan and India [1] - New products launched in the past five years contributed to a mid-double-digit percentage of total revenue, becoming a significant growth engine for the company [1] Cost and Margin Analysis - The gross profit margin for the first half of the 2025 fiscal year decreased by 1.1 percentage points to 46.2% compared to the same period last year [2] - While the unit costs of some bulk raw materials and packaging materials decreased, the rising costs of imported whole milk powder and palm oil offset these positive effects, leading to a decline in gross margin [2] - Overall operating expenses increased by 10.6%, primarily due to the internal organizational restructuring initiated in the second half of the 2024 fiscal year, which involved setting up new promotional expenses for new channels and products [2]

Core Viewpoint - China Wangwang (00151.HK) reported a revenue of RMB 11.108 billion for the first half of the 2025 fiscal year, reflecting a year-on-year growth of 2.1%, while the profit attributable to equity holders decreased by 7.8% to RMB 1.717 billion, with basic earnings per share at RMB 0.1455 [1][2] Group 1: Financial Performance - The total revenue for the first half of the 2025 fiscal year was RMB 11.1078 billion, showing a growth of 2.1% compared to the same period last year, with sales increasing nearly in double digits [1] - The profit attributable to equity holders decreased by 7.8% year-on-year to RMB 1.717 billion [1] - The basic earnings per share for the period was RMB 0.1455 [1] Group 2: Product and Market Performance - The ice cream segment within the leisure food category achieved double-digit growth [1] - Emerging channels such as e-commerce and OEM continued to perform well, with revenue from these channels growing in double digits [1] - The company launched new products targeting the snack wholesale channel, which were well-received by consumers, demonstrating effective strategic response to rapid market changes [1] Group 3: International and New Product Growth - Overseas revenue for the first half of the 2025 fiscal year saw low single-digit growth, with positive momentum in regions like Japan and India [1] - Revenue from new products launched in the past five years accounted for a mid-double-digit percentage of total revenue, serving as a significant growth engine for the company [1] Group 4: Cost and Margin Analysis - The gross profit margin for the first half of the 2025 fiscal year decreased by 1.1 percentage points to 46.2% [2] - While the costs of some raw materials like white sugar and gelatin decreased, the rising costs of imported whole milk powder and palm oil offset these benefits, leading to a decline in gross margin [2] - Overall operating expenses increased by 10.6%, primarily due to promotional expenses for new channels and products following internal organizational restructuring [2]

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之內容概不負責，對其準 確性或完整性亦不發表任何聲明，並明確表示概不會就因本公告全部或任何部分內容而產 生或因倚賴該等內 容而引致之任何損失承擔任何責任。 香港，2025 年 11 月 24 日 於本公告日期，本公司執行董事為蔡衍明先生、蔡紹中先生、蔡旺家先生、黃永松先生、朱紀 文先生、蔡明輝先生及黎康儀女士；非執行董事為槇春夫先生及鄭文憲先生；獨立非執行董事 為貝克偉博士、謝天仁先生、李國明先生、潘志強先生及江何佩琼女士。 中國旺旺控股有限公司及其附屬公司截至 2025 年 9 月 30 日止六個月之中期業績演示材料可參 閱以下附件。 ( 於開曼群島註冊成立的有限公司 ) 承董事會命 中國旺旺控股有限公司 董事 黎康儀 (股份代號 ：0151) 截至 2025 年 9 月 30 日止六個月之 中期業績演示材料 截至2025年9月30日 中期業績 2025年11月24日 免責聲明 本演示材料所載資料之用途為僅供閣下個人參考，該等資料如有變更，恕不另行通知。對於本演示材料所載資料的公平性、準確性、完整性或正確性， 我們均無作出任何明示或隱含的聲明或保證，閣 ...

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佈之內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示概不會就因本公佈全部或任何部分內容而產生或因倚賴該等內 容而引致之任何損失承擔任何責任。 （於開曼群島註冊成立的有限公司） （股份代號：0151） 截至2025年9月30日止六個月中期業績公佈 財務摘要 | | 未經審核 | | | | --- | --- | --- | --- | | | 截至9月30日止六個月 | | | | | 2025年 | 2024年 | 變動 | | （人民幣千元，除特別註明外） 主要收益表項目 | | | % | | 收益 | 11,107,792 | 10,876,637 | +2.1 | | 毛利 | 5,131,748 | 5,141,311 | -0.2 | | 營運利潤 | 2,260,712 | 2,540,711 | -11.0 | | 本公司權益持有人應佔利潤 | 1,717,427 | 1,863,371 | -7.8 | | 每股基本及攤薄盈利 （人民幣分） | 14.55 | 15.78 | -7.8 | | 主要財務比率 | % | % ...

Financial Performance - The company's revenue increased by 2.1% year-over-year, reaching RMB 11,108 million in 1H FY25 compared to RMB 10,877 million in 1H FY24[5] - Gross profit margin decreased by 110 basis points from 47.3% in 1H FY24 to 46.2% in 1H FY25, influenced by increased costs of whole milk powder and product mix[5] - Operating profit decreased by 11.0% from RMB 2,541 million in 1H FY24 to RMB 2,261 million in 1H FY25[5] - Profit attributable to owners of the company decreased by 7.8% from RMB 1,863 million in 1H FY24 to RMB 1,717 million in 1H FY25, with an income tax rate of 23.0%[5] Revenue Breakdown by Product Category - Rice crackers revenue increased to RMB 2,130 million in 1H FY25 from RMB 2,057 million in 1H FY24[11], with sales volume up by mid-single digits[14] - Dairy and beverage revenue decreased slightly to RMB 5,941 million in 1H FY25 from RMB 6,009 million in 1H FY24[15], while beverage sales doubled[15] - Snack food revenue increased to RMB 2,940 million in 1H FY25 from RMB 2,731 million in 1H FY24[16], with ice product sub-category increasing by mid-double digits[34] Channel Performance - Emerging channels and snack food retail channels experienced high-speed growth[5, 14, 15, 16, 33, 34] - Snack food retail channels account for approximately 15% of the group's revenue[37] - Emerging channels account for over 10% of the group's revenue[37] - Overseas market revenue increased by low-single digits and accounts for high-single digits of the group's revenue[37] Expenses and Working Capital - Operating expenses increased by 10.6% from RMB 2,894 million in 1H FY24 to RMB 3,202 million in 1H FY25, driven by increased A&P expenses[5, 18] - Distribution costs increased from RMB 1,369 million in 1H FY24 to RMB 1,550 million in 1H FY25[21], with distribution costs accounting for 14.0% of revenue in 1H FY25, up from 12.6% in 1H FY24[19] - Inventory increased from RMB 2,576 million on March 31, 2025, to RMB 2,748 million on September 30, 2025[26], with inventory turnover days increasing from 74 to 80 days[25]

公司名稱: 中國旺旺控股有限公司 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: 2025年10月31日 狀態: 新提交 致：香港交易及結算所有限公司 呈交日期: 2025年11月3日 I. 法定/註冊股本變動 | 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) | 00151 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 30,000,000,000 | USD | | 0.02 | USD | | 600,000,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 30,000,000,000 | USD | | 0.02 | USD | | 600,000,000 | 本月底法 ...

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之內容概不負責，對其準 確性或完整性亦不發表任何聲明，並明確表示概不會就因本公告全部或任何部分內容而產 生或因倚賴該等內 容而引致之任何損失承擔任何責任。 香港，二零二五年十月二十四日 於本公告日期，本公司執行董事為蔡衍明先生、蔡紹中先生、蔡旺家先生、黃永松先生、朱紀 文先生、蔡明輝先生及黎康儀女士；非執行董事為槇春夫先生及鄭文憲先生；獨立非執行董事 為貝克偉博士、謝天仁先生、李國明先生、潘志強先生及江何佩琼女士。 (股份代號 ：0151) 董事會召開日期 中國旺旺控股有限公司（「本公司」）董事會(「董事會」)謹此宣佈，本公司將於二零二五年 十一月二十四日（星期一）舉行董事會會議，藉以（其中包括）批准刊發本公司及其附屬公司 截至二零二五年九月三十日止六個月之中期業績公告，以及考慮派發中期股息（如適用）。 承董事會命 中國旺旺控股有限公司 董事 黎康儀 ( 於開曼群島註冊成立的有限公司 ) ...

致：香港交易及結算所有限公司 本月底法定/註冊股本總額： USD 600,000,000 第 1 頁 共 10 頁 v 1.1.1 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: 2025年9月30日 狀態: 新提交 公司名稱: 中國旺旺控股有限公司 呈交日期: 2025年9月30日 I. 法定/註冊股本變動 | 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) | 00151 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 30,000,000,000 | USD | | 0.02 | USD | | 600,000,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 30,000,0 ...

呈交日期: 2025年9月1日 I. 法定/註冊股本變動 | 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) | 00151 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 30,000,000,000 | USD | | 0.02 | USD | | 600,000,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 30,000,000,000 | USD | | 0.02 | USD | | 600,000,000 | 本月底法定/註冊股本總額： USD 600,000,000 FF301 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: 2025年8月31日 狀態: 新提交 致： ...

EF001 免責聲明 發行人所發行上市權證/可轉換債券的相關信息 發行人所發行上市權證/可轉換債券 不適用 其他信息 其他信息 不適用 發行人董事 於本公告日期，本公司執行董事為蔡衍明先生、蔡紹中先生、蔡旺家先生、黃永松先生、朱紀文先生、蔡明輝先生及黎康儀女士； 非執行董事為槇春夫先生及鄭文憲先生；而獨立非執行董事為貝克偉博士、謝天仁先生、李國明先生、潘志強先生及江何佩琼女 士。 第 2 頁 共 2 頁 v 1.1.1 | 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，概不對因 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。 | | | --- | --- | | 股票發行人現金股息公告 | | | 發行人名稱 | 中國旺旺控股有限公司 | | 股份代號 | 00151 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 截至2025年3月31日止年度之末期股息(更新) | | | 公告日期 | 2025年8月26日 | | 公告狀態 | 更新公告 | | 更新 ...