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Want Want China Holdings (151) investor relations material
Want Want China Holdings H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2026 earnings summary23 Nov, 2025
Executive summary
Revenue for the first half of 2025FY rose 2.1% year-over-year to RMB11,107.8 million, with sales volume up nearly double digits and strong growth in emerging channels and new products.
Profit attributable to equity holders fell 7.8% year-over-year to RMB1,717.4 million, with margin down 1.6 percentage points to 15.5%.
Gross profit margin declined by 1.1 percentage points to 46.2% due to higher costs for imported whole milk powder and palm oil, despite lower costs for other materials.
Operating profit dropped 11.0% year-over-year to RMB2,260.7 million, with operating margin at 20.4%.
New products launched in the past five years contributed a mid-teen percentage of total revenue, becoming a key growth driver.
Financial highlights
Revenue: RMB11,107.8 million (+2.1% YoY); Gross profit: RMB5,131.7 million (-0.2% YoY).
Operating profit: RMB2,260.7 million (-11.0% YoY); Net profit: RMB1,717.4 million (-7.8% YoY).
Basic and diluted EPS: RMB14.55 cents (-7.8% YoY).
Gross profit margin: 46.2% (-1.1ppt YoY); Operating margin: 20.4% (-3.0ppt YoY); Net margin: 15.5% (-1.6ppt YoY).
Net cash as of 30 September 2025: RMB10,320.5 million; total borrowings: RMB4,666.4 million.
Outlook and guidance
Focus on internal optimisation, diversification, and synergy between domestic and overseas operations.
Continued investment in product R&D, channel structure optimisation, and creative marketing to drive sustainable growth.
Plans to further expand overseas, especially in Vietnam, and accelerate e-commerce and new retail deployment.
How will increased operating costs drive future profit?
Evaluate new product revenue contribution trends
Assess mitigation for overseas market tariff risks
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Next Want Want China Holdings earnings date
H2 202622 Jun, 2026
Next Want Want China Holdings earnings date
H2 202622 Jun, 2026
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Frequently asked questions
Want Want China Holdings Limited is a food and beverage company based in China. The company specializes in the production and distribution of a wide range of products, including rice crackers, dairy beverages, snacks, and soft drinks. It caters to consumers domestically and internationally. The company is headquartered in Shanghai, China, and its shares are listed on the Hong Kong Stock Exchange.
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