Financial Data and Key Metrics Changes - For the six months ended September 30, 2025, the group's revenue decreased by 6% to HKD 3.2 billion compared to the previous year, primarily due to weak demand and competitive pricing in the Chinese mainland operation [2] - The gross profit margin decreased to 51.1%, with operational profits down by 4% to HKD 247 million, mainly due to a decline in gross profit [2] - Profits attributable to shareholders increased by 1% to HKD 172 million, aided by lower finance costs and income tax [2] - Earnings per share rose by 2% to HKD 16.2 [3] - Capital expenditure for the period was HKD 57 million, slightly higher than last year, with cash on hand at HKD 1.27 billion [3] Business Line Data and Key Metrics Changes - The Chinese mainland unit's total revenue was HKD 2.9 billion, down 7% year-on-year, with operating profit decreasing by 14% to HKD 326 million [8] - Hong Kong operations maintained strong performance, with an operating margin of 12%, down 1.7 percentage points [5] - Australia and Singapore units showed growth, with Australia-New Zealand revenue increasing from 8% to 9% of total group revenue [8][12] Market Data and Key Metrics Changes - The Chinese mainland unit accounts for 55% of total group revenue, while Hong Kong operations contribute 34% [8] - The plant milk category in China declined by 10%, and the tea category's growth slowed to 5% [9] - In Australia and New Zealand, revenue increased by 5% in local currency, reflecting growth in the plant milk market [12] Company Strategy and Development Direction - The company aims to enhance capabilities in the Chinese mainland to improve top-line performance, focusing on general trade and new channels like online commerce and snack chains [6][10] - In Hong Kong, the strategy includes accelerating top-line growth despite a slower retail environment [11] - The company is committed to cost control and efficiency improvements across all operations [5][15] Management's Comments on Operating Environment and Future Outlook - Management acknowledged short-term challenges but expressed confidence in long-term growth potential [7][15] - The company is adjusting its commercial strategy in response to evolving tariff situations affecting North American business [12] - The focus remains on driving market share in both the plant milk and tea categories, with ongoing product innovations [10][11] Other Important Information - The company continues to drive cost reduction programs to improve profitability in various markets, including Singapore and the Philippines [13][14] - The Philippines market is experiencing healthy growth in the plant-based category, with a focus on scaling and profitability [14] Q&A Session Summary - No specific questions and answers were provided in the content, thus this section is not applicable.

Group 1 - The company is planning to implement significant job cuts, totaling 60,000 positions, which raises concerns about the impact on its workforce [1][2] - Among the job cuts, 12,000 will be white-collar positions, although specific details regarding the locations and departments affected have not been disclosed [2] - The company anticipates cost savings of approximately 3 billion CHF by the end of 2027 as part of its restructuring efforts [3] Group 2 - The new CEO has taken a bold approach, emphasizing the need for investment in growth areas, particularly in trending products like air fryers and cold coffee [4] - The company reported a strong third quarter, indicating positive financial performance despite the announced job cuts [4]