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.

Financial Performance and Key Metrics - For the six months ended September 30, 2025, the group's revenue decreased by 6% to HKD 3.2 billion, primarily due to weak demand, higher trade spend, and competitive pricing in the Chinese mainland operation [2] - The gross profit margin decreased to 51.1%, with savings from favorable raw material costs and production optimization partially mitigating the adverse sales performance [2] - Profits from operations decreased by 4% to HKD 247 million, mainly attributable to a decline in gross profit [2] - Profits to shareholders increased by 1% to HKD 172 million due to lower finance costs and income tax [2] - Earnings per share was HKD 0.16, an increase of 2% compared to last year [3] - Capital expenditure for the period was HKD 57 million, slightly higher than last year [3] - As of September 30, 2025, cash on hand was HKD 1.27 billion, with a gearing ratio of 20% [3] Business Line Performance - The Chinese mainland unit's total revenue was HKD 2.9 billion, down 7% versus last year, with operating profit decreasing by 14% to HKD 326 million [8] - Hong Kong operations maintained strong performance but were temporarily affected by Vitaland, Macau, and exports to the United States [5] - Australia and Singapore units sustained growth, with Australia-New Zealand revenue increasing by 5% in local currency [12] - The Hong Kong beverage operation sustained its leadership market shares in both plant milk and tea categories despite a slower retail environment [11] Market Performance - The Chinese mainland unit remains the largest operation by revenue at 55% of the group, while Hong Kong operations account for 34% of total group sales [8] - The plant milk category in China has declined by 10%, while the tea category's growth decreased from double digits to only 5% [9] - In Australia and New Zealand, the adoption of plant milk continues to develop steadily, contributing to revenue growth [12] - The Philippines market for plant-based products continues to grow healthily, with double-digit year-on-year growth since entry [14] Company Strategy and Industry Competition - The company is focusing on improving its capabilities in the Chinese mainland to enhance top-line performance, particularly in new retail channels [6][10] - In Hong Kong, the company aims to accelerate growth in the second half of the financial year [15] - The company is also working on improving its route to market in the general trade channel while expanding into new channels [10] - Cost control measures are being implemented to reduce corporate expenses and improve profitability [5][15] Management Comments on Operating Environment and Future Outlook - Management acknowledged the short-term challenges in the market but expressed confidence in the long-term potential for continuous scaling up [7][15] - The company plans to strengthen resources in the Chinese mainland to improve performance in general trade and accelerate growth in new channels [6][15] - The management highlighted the importance of creative product innovations to drive market share in Hong Kong [11] Other Important Information - The imposition of tariffs by the United States has negatively impacted the North American business, prompting adjustments in the commercial strategy [12] Q&A Session Summary - No specific questions and answers were provided in the content, thus this section is not applicable.