Core Insights - H&H International Holdings reported a revenue of RMB 7.019 billion for the six months ending June 30, 2025, representing a year-on-year increase of 4.89% [1] - The net profit attributable to shareholders decreased by 76.78% to RMB 71.017 million, with basic earnings per share at RMB 0.11 [1] - The company proposed an interim dividend of HKD 0.19 per ordinary share [1] Revenue Breakdown - All business segments, including adult nutrition and care products, infant nutrition and care products, and pet nutrition and care products, contributed to revenue growth [1] - High-margin nutritional supplements accounted for 65.6% of total revenue, with a year-on-year growth of 4.6% [1] Adult Nutrition Segment - Revenue from the adult nutrition and care products segment in mainland China grew by 13.1%, making up 70.0% of total revenue in this category [2] - The growth was driven by the Swisse brand's innovative product categories, particularly in beauty, anti-aging, and detox products [2] - Online sales, especially through cross-border e-commerce channels, increased by 18.1%, representing 81.5% of the adult nutrition revenue [2] - Revenue from new retail channels, including Sam's Club, rose by 28.2%, accounting for 9.0% of total adult nutrition revenue [2] - Swisse maintained its position as the top brand in the online vitamin, herbal, and mineral supplement market in mainland China [2] Infant Nutrition Segment - The infant nutrition and care products segment reported a total revenue of RMB 2.325 billion, up 3.8% year-on-year [3] - Revenue from infant formula milk powder increased by 10.0% to RMB 1.905 billion, attributed to effective consumer education and market share expansion [3] - The market share of the brand "合生元" in the ultra-premium infant formula segment rose from 12.9% to 15.9%, reaching a historical high [3] Pet Nutrition Segment - The pet nutrition and care products segment saw a revenue increase of 17.5% to RMB 205 million [3] - The growth was primarily due to the successful restructuring of the Solid Gold brand, focusing on high-end products [3] - New high-margin pet food and nutrition products accounted for 33.8% of total revenue in the pet nutrition segment [3]