VITASOY INT'L(HK:00345) Zheng Quan Ri Bao·2025-06-25 16:13Core Insights - Vitasoy International Group Limited reported a revenue of approximately HKD 6.274 billion for the fiscal year 2024/2025, representing a year-on-year growth of 1% [2] - The company achieved a gross profit of about HKD 3.218 billion, with a year-on-year increase of 3% [2] - The proposed final dividend is HKD 0.102 per share, combined with an interim dividend of HKD 0.04 per share, totaling HKD 0.142 per share for the fiscal year [2] Financial Performance - The net profit attributable to equity holders increased by 102% year-on-year, reaching HKD 235 million [2] - Sales in mainland China showed improvement in the second half of the fiscal year, contributing to a moderate overall sales growth [2] - Operating profit from mainland operations grew by 41% year-on-year, with an operating profit margin of 9% [2] Business Strategy and Market Position - The company aims to expand market share in plant-based milk and ready-to-drink tea products to maintain business scale and profitability amid a slowing beverage market [3] - Vitasoy's Hong Kong operations saw a 24% increase in operating profit, with an operating profit margin of 12%, driven by rising sales and reduced indirect costs [3] - The company has stabilized prices for its lemon tea products in mainland China after a price reduction of 10% to 15% [3] Industry Context - The beverage industry is experiencing overall growth slowdown and intensified competition, which poses challenges for Vitasoy's future growth [4][5] - The company's recent performance relies heavily on cost control and operational efficiency rather than breakthrough innovations or market disruptions [4][5]