China Wantian Holdings (1854) investor relations material

Executive summary

• Revenue for the six months ended 30 June 2026 was HK$376.6 million, down 38.8% year-over-year, mainly due to lower food supply sales in the PRC and fewer operating restaurants.

• Gross profit margin improved to 4.6% from 4.1% year-over-year, despite a decline in gross profit to HK$17.5 million.

• Loss for the period narrowed to HK$30.4 million from HK$46.9 million year-over-year, reflecting cost reductions and asset disposals.

• Strategic realignment included divestment of property assets and a pivot toward artificial intelligence and smart automation sectors.

Financial highlights

• Food supply segment contributed HK$361.0 million (95.9% of revenue), down 37.8% year-over-year.

• Catering services revenue was HK$15.6 million, down 53.5% year-over-year due to fewer restaurants.

• Environmental protection and technology services recorded no revenue.

• Gross profit margin for food supply rose to 2.1% (from 1.4%), and for catering services to 63.9% (from 50.4%).

• Other income fell to HK$0.8 million from HK$3.3 million; gain on disposal of subsidiaries was HK$2.7 million.

• Finance costs increased to HK$3.2 million due to higher interest expenses.

Outlook and guidance

• Focus on dual-engine growth: core commercial operations and AI-driven technology solutions.

• Plans to deploy smart automation and AIoT hardware to enhance productivity and cost efficiency.

• Continued capital allocation toward high-margin, tech-enabled business ventures in the Greater Bay Area.

• Proposed rebranding to China Onetech Holdings Limited to reflect strategic shift.