Financial Performance - Yihai International Holding Ltd. reported a revenue increase of 15% year-over-year, reaching HK$1.2 billion for the interim period[3]. - The company achieved a net profit margin of 12%, translating to a net profit of HK$144 million, up from HK$120 million in the previous year[3]. - The company has set a revenue guidance of HK$2.5 billion for the full fiscal year, representing a 10% increase compared to the previous year[3]. - For the six months ended June 30, 2025, the Group recorded revenue of RMB2,927.4 million, representing a year-on-year decrease of 1.5%[37][39]. - The Group's gross profit for the same period was RMB864.9 million, reflecting a decrease of 1.4% from RMB877.5 million year-on-year[27]. - Net profit decreased by 1.5% from RMB334.1 million for the six months ended June 30, 2024, to RMB329.1 million for the corresponding period in 2025, with the net profit margin declining from 11.4% to 11.2%[99]. User Growth and Market Expansion - User data indicated a growth in active users by 20%, totaling 2 million active users across its platforms[3]. - Yihai International is expanding its market presence with plans to open 50 new locations in the next fiscal year[3]. - The Group is expanding its overseas market presence by adapting products to local tastes and exploring new countries[47]. Product Development and Sales - New product launches contributed to a 25% increase in sales volume, particularly in the hot pot segment[3]. - The Group launched over 50 new products in the first half of 2025, including new flavors such as regional flavor condiments and crayfish seasonings[48]. - Revenue from sales of hot pot condiments to third parties increased by 7.5% year-on-year, attributed to new product launches based on consumer demand[63]. - Revenue from convenient ready-to-eat food products was RMB709.0 million, representing 24.2% of total revenue[55]. Financial Position and Assets - Current assets decreased by 13.6% to RMB2,574.7 million compared to RMB2,978.9 million at the end of 2024[27]. - Total liabilities decreased by 32.1% to RMB723.7 million from RMB1,066.1 million at the end of 2024[27]. - As of June 30, 2025, cash and cash equivalents amounted to approximately RMB1,520.2 million, down from RMB1,881.9 million as of December 31, 2024[106]. Corporate Governance and Compliance - The Company has adopted the corporate governance code and complied with its provisions during the six months ended June 30, 2025[190]. - The Audit Committee consists of three independent non-executive Directors, ensuring compliance with the Listing Rules[196]. - The Company has confirmed that all employees complied with the securities trading standard code during the reporting period[189]. Strategic Initiatives - The Group plans to focus on product research and development, overseas expansion, and channel construction in the second half of 2025[132]. - The Group aims to enhance its research and development capabilities in the business-end market to better meet diverse needs[134]. - The Group will leverage AI technology for channel management optimization and improve staff training and incentive policies[138]. Shareholder Information - As of June 30, 2025, Mr. Sean Shi holds 130,592,992 shares, representing approximately 12.60% of the total issued share capital[147]. - UBS Trustees (B.V.I.) Limited holds 31.39% of the total issued share capital, representing 325,436,021 ordinary shares[153]. - The total number of shares held by substantial shareholders, excluding directors, will be recorded in the register as required by the SFO[151]. Dividend and Financial Review - The Company declared an interim dividend of HK$0.3107 (equivalent to RMB0.2836) per share, with payment expected on or before 24 September 2025[198]. - The Audit Committee reviewed the unaudited condensed consolidated interim financial results for the six months ended June 30, 2025, confirming compliance with relevant accounting standards[193]. - PricewaterhouseCoopers confirmed that the interim financial information is prepared in accordance with International Accounting Standard 34[194].
颐海国际(01579) - 2025 - 中期财报