Core Viewpoint - Huabao International (00336.HK) reported a slight increase in revenue for the fiscal year 2025, but faced a decline in gross profit and gross margin, indicating challenges in certain segments of its business [1] Revenue Performance - The group's revenue for the fiscal year 2025 was RMB 3.485 billion, representing a year-on-year growth of 3.30% [1] - The revenue from the tobacco new materials overseas business grew rapidly, contributing to the overall revenue increase [1] Segment Analysis - The tobacco raw materials segment achieved revenue of RMB 529 million, a year-on-year increase of 13.1% [1] - The seasoning segment, following the acquisition of 51% equity in Jiangsu Jiafu, reported revenue of RMB 831 million, up 7.3% year-on-year [1] - The fragrance raw materials segment generated revenue of RMB 807 million, reflecting a 2.0% year-on-year increase due to capacity release and new customer acquisition [1] - Conversely, the flavor and food ingredients segment saw a revenue decline to RMB 1.318 billion, down 1.6% year-on-year, attributed to changes in downstream market demand and product structure adjustments [1] Profitability Metrics - Gross profit for the year was RMB 1.423 billion, a decrease of 1.27% year-on-year [1] - The gross margin fell from 42.7% in 2024 to 40.8% in 2025 [1] - The loss attributable to equity holders was RMB 389 million, slightly higher than the previous year's loss of RMB 386 million [1] - Basic loss per share was RMB 0.1204, with a proposed special dividend of HKD 0.055 per share [1]
华宝国际(00336.HK)2025年度营收34.85亿元 净亏损3.89亿元