PNC业务同比增长8.6%，Zesty Paws快乐一爪同比增长13.4%，Solid Gold素力高于中国内地销售额 增长17.5%。 健合集团首席执行官及中国区CEO李凤婷表示："尽管面对持续外部挑战，我们依然致力于保持充 裕流动资金，同时推进去杠杆化，支持未来增长。我们将加速发展三大业务，并维持稳健的盈利水平， 向成为全球高端营养与健康产业领导者目标不断迈进。" 编辑：侯隽 8月26日，健合（H&H）国际控股有限公司（以下简称"健合集团"），正式公布2025年中期业绩。 截至2025年6月30日，健合集团营收同比增长5.2%至70.2亿元。经调整EBITDA利润率为15.7%，经调整 可比纯利同比增长4.6%。中国市场为集团营收的最大贡献者，增长达8.7%，占集团总收入的70.3%。 营养补充品为健合集团收入的最大贡献者。成人营养及护理用品（ANC）、婴幼儿营养及护理用 品（BNC）、宠物营养及护理用品（PNC）三大业务中的营养补充品系列占集团总收入的65.6%，其中 维生素、草本及矿物补充剂以及宠物补充品分别实现5.8%及14.3%的收入同比增长。 上半年，健合集团ANC业务同比增长5.9%，中国市场 ...

8月26日，健合（H&H）国际控股有限公司（以下简称"健合集团"）公布2025年中期业绩。上半年，健合集团营收同比增 长5.2%至70.2亿元。中国市场为集团营收的最大贡献者，同比增长达8.7%，占总收入的70.3%。 健合集团致力于提供全家庭营养健康产品与服务，上半年，成人营养及护理用品（ANC）、婴幼儿营养及护理用品 （BNC）、宠物营养及护理用品（PNC）三大业务营收全面增长，维持稳健盈利水平，经调整EBITDA利润率为15.7%。 "自2023年以来，中国已经进入大健康消费的红利周期。消费者对体重管理、颜值管理、营养管理以及整体健康管理的重 视程度达到了前所未有的高度。"广东省食品安全保障促进会副会长朱丹蓬对《证券日报》记者表示，大健康"刚需属性"不断 强化，为具备专业配方、专业产品与专业团队的企业创造了广阔的发展空间和增长契机。 三大业务齐增 聚焦长期策略，健合集团在核心市场稳固领先地位，扩张市场继续增长。 本报记者 梁傲男 PNC业务上半年营收达10.8亿元，同比增长8.6%。其中高端宠物补充品类别营收实现同比增长14.3%。在中国市场，Solid Gold素力高成功完善渠道优化及产品组合高端化调 ...

8月1日，"特食节——新消费行业发展会议"在北京拉开帷幕，作为全球高端营养及健康产业领导者，健 合集团深度参与本次会议。会议聚焦特殊食品行业新消费领域，围绕技术探讨、趋势分享、自律共建等 核心板块展开，共话行业高质量发展路径。 现场，中国营养保健食品协会执行副会长厉梁秋、中国疾病预防控制中心营养与健康所研究员荫士安、 北京保健品化妆品协会秘书长张红力、中国营养保健食品协会法规事务部部长卢友锋、新华网食品频道 保健食品主编王忻、北京理工大学智能科技法律研究中心研究员王磊、北京和睦家医院临床营养师刘遂 谦、中国营养保健食品协会新消费专业委员会秘书长&健合集团中国区科学交流与产品培训总监刘威、 健合集团法规高级专业经理黎小莉、京东健康营养保健业务Swisse品牌采销经理庄轩畅等嘉宾莅临参 会。中国营养保健食品协会秘书长张中朋主持会议。 中国营养保健食品协会执行副会长 厉梁秋 当下，营养保健行业迎来"新黄金时代"，如何更好地满足消费者的需求，让他们辨别好营养、选购好产 品，成为行业不可忽视的关键命题。对此，健合集团中国区科学交流与产品培训总监刘威作为行业代表 在会上发表主题演讲，他指出："近年来，国家高度重视进口健康 ...

Core Insights - The company released its 9th sustainability report, showcasing achievements in sustainable development for 2024, emphasizing its mission to enhance health and happiness through four core areas: health awareness, environmental footprint reduction, fair development support, and corporate governance [1] Group 1: Sustainability Achievements - The company achieved 100% B Corp certification for its entities globally, with an impressive score of 92.5, indicating deep integration of social and environmental responsibilities into operations [1] - The company maintained an A+ ESG rating from Hang Seng/Hong Kong Quality Assurance Agency and an "AA" rating from MSCI, demonstrating consistent performance across different assessment frameworks [3] - Greenhouse gas emissions were reduced by 4% in 2024 compared to 2023, verified by the Science Based Targets initiative (SBTi) [3][8] Group 2: Packaging and Employee Initiatives - The company reduced packaging usage by 5.7% in 2024 compared to 2023, as part of its sustainable packaging strategy [4][8] - The company received multiple best workplace certifications, including its first in mainland China, reflecting its commitment to employee well-being [4][9] - The proportion of women in management positions reached 62%, with the launch of a women's leadership program to enhance diversity, equity, and inclusion (DE&I) [4][9] Group 3: Research and Development - The company invested over 243 million RMB in R&D in 2024, an 18% increase from the previous year, launching 232 new products to create a diverse and innovative sustainable product portfolio [6] - 94% of adult nutrition and care products met clean label standards, free from artificial colors, flavors, sweeteners, and preservatives [6] Group 4: Community and Social Impact - The company’s H&H Foundation invested over $2.126 million in community health initiatives in 2024, focusing on nutrition, exercise, and mindfulness [10] - The company’s community investment totaled $2.126 million, with significant contributions to maternal and infant health programs in China [10] Group 5: Corporate Governance - The company reinforced its sustainable governance measures, achieving 100% compliance training coverage for global team members [11] - The company’s supply chain sustainability efforts included 145 suppliers participating in sustainability assessments, with 100% signing the Supplier Code of Conduct [11]

Core Viewpoint - H&H Group reported a revenue of 13.05 billion yuan for 2024, with the Chinese market contributing 66.6% of total revenue, indicating a strong focus on family nutrition and health products [1] Group Summary Revenue Performance - H&H Group's revenue for 2024 reached 13.05 billion yuan, with a significant portion (66.6%) coming from the Chinese market [1] - The revenue from nutritional supplements has increased from 9.0% a decade ago to 67.7% in 2024, showcasing a successful strategic transformation [1] Business Segments - The Adult Nutrition and Care (ANC) segment generated 6.7 billion yuan in 2024, accounting for 51.3% of total revenue, with a year-on-year growth of 8.8% [2] - The Baby Nutrition and Care (BNC) segment reported revenue of 4.38 billion yuan, representing 33.6% of total revenue, facing challenges due to market adjustments and regulatory transitions [3] - The Pet Nutrition and Care (PNC) segment achieved revenue of 1.97 billion yuan, with a year-on-year growth of 4.4% [3] Market Trends and Strategies - The Chinese health supplement market is projected to grow from 328.2 billion yuan in 2023 to 423.7 billion yuan by 2027, indicating a robust growth trajectory for the industry [4] - H&H Group is enhancing its multi-category layout to solidify its market position, focusing on high-end products and innovative segments to meet evolving consumer demands [5] - The company aims to maintain and expand growth in its three main business units (ANC, BNC, PNC) by 2025, emphasizing the importance of scientific innovation and operational efficiency [5]