Greatview Aseptic Packaging (468) H1 2025 earnings summary

Executive summary

• Revenue for the six months ended 30 June 2025 was RMB1,006.7 million, down 1.6% year-over-year, with net profit dropping 32.4% to RMB83.0 million due to lower gross margin and absence of discontinued operations profit.

• International segment revenue grew 11.8% to RMB253.0 million, while PRC segment revenue declined 5.5% to RMB753.7 million; dairy segment revenue fell 4.4% and NCSD segment rose 5.2%.

• Gross margin decreased to 16.1% from 18.0% year-over-year, and net profit margin fell to 8.2% from 12.0%.

• The company advanced digital transformation, enhanced supply chain integration, and focused on green, sustainable packaging solutions.

• Trading in shares remains suspended since 19 February 2025 due to insufficient public float after a major share acquisition.

Financial highlights

• Revenue: RMB1,006.7 million (down 1.6% year-over-year).

• Gross profit: RMB162.1 million (down 11.8% year-over-year).

• Net profit: RMB83.0 million (down 32.4% year-over-year).

• Earnings per share: RMB0.06 (down 33.3% year-over-year).

• Cash and cash equivalents: RMB568.6 million as of 30 June 2025.

• No interim dividend declared.

Outlook and guidance

• Plans to deepen cooperation with existing customers, expand market share in PRC, and pursue international growth through localized operations and new product development.

• Focus on technological innovation, sustainability, and operational excellence, leveraging digital intelligence and AI.

• Continued emphasis on product innovation, cost control, and supply chain resilience.