Core Insights - H&H International Holdings reported a 10.4% year-on-year increase in total revenue to 3.17 billion yuan for the three months ending March 31, 2025 [1] Revenue Breakdown - The infant nutrition and care segment grew by 25.3%, driven by a 46.9% increase in the mainland infant formula milk powder business [1] - The adult nutrition and care segment saw a 3.2% growth on a comparable basis [1] - The pet nutrition and care segment experienced a 7.3% increase [1] - Nutritional supplements accounted for 65.1% of total revenue [1] Market Performance - Revenue from the mainland market grew by 18.1%, representing 68.8% of total revenue [1] - The infant formula milk powder business grew by 44.3% [1] - Swisse ranked first in the mainland market for vitamins, herbs, and mineral supplements [1] - The pet nutrition and care segment grew by 13.7%, with Solid Gold maintaining a leading position in the online cat dry food category [1] - The Australia and New Zealand market declined by 13.5%, while the domestic market grew by 4.5% [1] - North American revenue increased by 1.7% [1] - Other regions saw a revenue growth of 20.3% [1] Financial Position - The company reported a cash balance of 1.4 billion yuan, aiming to maintain a robust cash conversion level [1]
H&H国际控股：2025年第一季度收入增长10.4%