Core Viewpoint - Vitasoy International Holdings Limited reported a 6% decrease in revenue for the interim period ending September 30, 2025, primarily due to challenges in the mainland China market, while maintaining a gross margin of 51.1% and an operating profit margin of 7.6% [1] Group 1: Financial Performance - The company recorded a profit attributable to equity holders of HKD 172 million [1] - The board declared an interim dividend of HKD 0.04 per ordinary share, unchanged from the previous interim period [1] - The operating profit margin for the mainland China business was maintained at 11% due to cost optimization measures [2] Group 2: Market Performance - The mainland China business faced revenue decline due to shrinking traditional retail channel sales, although this was partially offset by robust growth in the omnichannel approach [1][2] - In Hong Kong, the beverage business continued to strengthen its leadership position in the non-alcoholic beverage market, despite challenges in the Vitasoy Tian Di business and export to the U.S. [2] - The Australian and New Zealand markets saw a 5% sales growth in local currency, with improved profitability and a significant reduction in operating losses to HKD 22 million [3] Group 3: Product Innovation and Strategy - The company focused on enhancing commercial execution and product innovation, leading to increased market share for Vitasoy's soy and plant-based milk products [1] - New product launches, such as Vitasoy's low-sugar white peach soy milk and lemon tea, contributed to market share growth in the ready-to-drink tea category [1][2] - In the Philippines, the plant-based category has been growing steadily at a double-digit rate, driven by oat and almond products [3]

Core Viewpoint - Vitasoy International Holdings Limited reported a 6% year-on-year decline in revenue for the first half of the 2025/2026 fiscal year, primarily due to a weak market in mainland China [1] Group 1: Financial Performance - Revenue for the first half of the fiscal year reached HKD 3.227 billion [1] - Gross margin and operating profit margin were 51.1% and 7.6%, respectively [1] - Profit attributable to equity holders was HKD 172 million [1] Group 2: Market Dynamics - The decline in revenue in mainland China was attributed to a contraction in traditional retail channels, partially offset by robust growth in omnichannel sales [1] - Vitasoy's market share for soy and plant-based milk products increased, while its ready-to-drink tea segment saw growth due to competitive pricing strategies and the launch of new products [1] Group 3: Regional Performance - In Australia and New Zealand, sales grew by 5% in local currency, with improved market share due to resolved production issues and reduced production costs [2] - The operating loss in Australia and New Zealand decreased significantly to HKD 22 million [2] - Singapore's local and export tofu business continued to grow, although beverage sales faced challenges from intense competition and a high base from the previous year [2] Group 4: Management Outlook - The Executive Chairman expressed confidence in the long-term growth potential despite short-term challenges, with plans to accelerate growth in Hong Kong and further reduce operating losses in Australia, New Zealand, and Singapore [2]

Group 1 - VITASOY INT'L repurchased 1.202 million shares at an average price of HKD 9.26 per share, totaling approximately HKD 11.126 million, with a cumulative repurchase of 17.258 million shares this year, representing 1.60% of the total share capital [1] - The company's stock price closed at HKD 9.29 per share, reflecting a decrease of 0.21% on the same day [1] - Stock repurchase is typically viewed as a positive action by management, indicating confidence in the company's future and potentially enhancing shareholder value by reducing the number of shares in circulation [1] Group 2 - VITASOY INT'L, also known as Vitasoy International Holdings Limited, is a well-known beverage company in Hong Kong, primarily producing plant-based milk products, including its signature Vitasoy soy milk [2] - The company has a significant market share in Hong Kong and is actively expanding into mainland China and overseas markets, leveraging its extensive experience in the development, production, and sale of plant-based milk beverages [2] - VITASOY's brand is recognized among consumers, aligning with the growing trend towards healthy and nutritious beverages [2]