Yihai Kerry Arawana Holdings (300999) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached ¥59.08 billion, up 3.15% year-over-year, driven by increased sales in kitchen foods, feed ingredients, and oil technology products.

• Net profit attributable to shareholders was ¥981 million, up 11.23% year-over-year; adjusted net profit (excluding non-recurring items) surged 253.91% to ¥862 million.

• Operating cash flow increased 109.25% year-over-year to ¥10.28 billion, mainly due to changes in procurement rhythm and payment methods.

Financial highlights

• Gross margin improved, with operating profit at ¥1.50 billion, up from ¥995.8 million a year ago.

• Basic and diluted EPS were both ¥0.18, up from ¥0.16 in Q1 2024.

• Total assets at quarter-end were ¥219.14 billion, down 2.63% from year-end 2024.

• Shareholders’ equity rose 1.12% to ¥94.78 billion.

Outlook and guidance

• Sales growth in kitchen foods is expected to continue, supported by channel expansion and new product development.

• Feed ingredients and oil technology segments are projected to maintain profitability due to improved soybean crushing margins.