Yihai Kerry Arawana Holdings (300999) H1 2025 earnings summary

Executive summary

• Revenue for the first half of 2025 reached ¥115.68 billion, up 5.67% year-over-year; net profit attributable to shareholders was ¥1.76 billion, up 60.07% year-over-year.

• Excluding non-recurring items, net profit attributable to shareholders rose 764.33% year-over-year to ¥1.39 billion.

• Cash flow from operating activities surged 793.97% year-over-year to ¥14.63 billion, driven by higher sales and improved procurement/payment cycles.

• Kitchen food, feed ingredients, and oil technology segments all saw volume and profit growth, with kitchen food benefiting from expanded channels and lower raw material costs.

• No interim dividend, bonus shares, or capital increase from reserves planned for the half-year.

Financial highlights

• Operating income: ¥115.68 billion, up 5.67% year-over-year; net profit attributable to shareholders: ¥1.76 billion, up 60.07%.

• Net profit excluding non-recurring items: ¥1.39 billion, up 764.33% year-over-year.

• Basic and diluted EPS: ¥0.32, up 60% year-over-year.

• Gross margin improved to 6.53% from 4.90% year-over-year.

• Cash and cash equivalents at period end: ¥16.17 billion.

Outlook and guidance

• Company expects continued growth in kitchen food and feed ingredient segments, leveraging expanded production capacity and channel development.

• Industry consolidation and product innovation in rice and flour expected to drive future growth.

• Company will continue to focus on product innovation, channel expansion, and supply chain optimization.