China-based infant-formula maker Feihe has issued one other revenue warning forward of the official issuance of its first-half leads to August.
In a stock-exchange submitting, the Hong Kong listed firm stated income may very well be down as a lot as 10% within the six months to 30 June, whereas internet revenue may very well be down as a lot as 47% from the identical interval a 12 months earlier.
Feihe put ahead a income vary of 9.1bn yuan ($1.2bn) to 9.3bn yuan for the interval, in comparison with the reported determine of 10.1bn yuan within the corresponding six months.
Web revenue, in the meantime, was flagged at 1bn yuan to 1.2bn yuan, down from the precise 1.9bn yuan a 12 months earlier.
Feihe attributed the anticipated declines to a number of elements, together with “childbirth subsidies” to customers, a lower in authorities grants, and an “impairment provision” for entire milk powder merchandise.
It additionally cited stock changes to make sure product freshness as a contributing issue to the anticipated declines.
Nevertheless, the corporate initiatives a “low single-digit improve” in income for the complete 12 months 2025 in comparison with the prior 12 months, with stock changes anticipated to be accomplished by the third quarter.
It plans to launch its half-yearly outcomes by the tip of August.
The corporate additionally introduced a share buyback plan, allocating not less than 1bn yuan from present money reserves to repurchase shares for “subsequent gross sales” or worker incentives.
The board stated whole dividends for FY 2025 can be “a minimum of” 2bn yuan, regardless of the anticipated “short-term” monetary challenges.
Feihe’s main merchandise embody toddler milk formulation, grownup milk powder, liquid milk, and goat milk toddler formulation.
Its formulation manufacturers embody Astrobaby and Natural Zhenzhi.
Feihe issued the same first-half revenue warning again in August 2023 forward of its remaining annual outcomes.
It later reported that full-year internet revenue elevated 11.1% to three.6bn yuan within the 12 months to 31 December 2024. Income climbed 6.2% to twenty.7bn yuan.
In distinction, it posted a revenue of three.2bn yuan in fiscal 2023, down 33.5%, whereas income dropped 8.3% year-on-year to 19.5bn yuan.
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China-based infant-formula maker Feihe has issued one other revenue warning forward of the official issuance of its first-half leads to August.
In a stock-exchange submitting, the Hong Kong listed firm stated income may very well be down as a lot as 10% within the six months to 30 June, whereas internet revenue may very well be down as a lot as 47% from the identical interval a 12 months earlier.
Feihe put ahead a income vary of 9.1bn yuan ($1.2bn) to 9.3bn yuan for the interval, in comparison with the reported determine of 10.1bn yuan within the corresponding six months.
Web revenue, in the meantime, was flagged at 1bn yuan to 1.2bn yuan, down from the precise 1.9bn yuan a 12 months earlier.
Feihe attributed the anticipated declines to a number of elements, together with “childbirth subsidies” to customers, a lower in authorities grants, and an “impairment provision” for entire milk powder merchandise.
It additionally cited stock changes to make sure product freshness as a contributing issue to the anticipated declines.
Nevertheless, the corporate initiatives a “low single-digit improve” in income for the complete 12 months 2025 in comparison with the prior 12 months, with stock changes anticipated to be accomplished by the third quarter.
It plans to launch its half-yearly outcomes by the tip of August.
The corporate additionally introduced a share buyback plan, allocating not less than 1bn yuan from present money reserves to repurchase shares for “subsequent gross sales” or worker incentives.
The board stated whole dividends for FY 2025 can be “a minimum of” 2bn yuan, regardless of the anticipated “short-term” monetary challenges.
Feihe’s main merchandise embody toddler milk formulation, grownup milk powder, liquid milk, and goat milk toddler formulation.
Its formulation manufacturers embody Astrobaby and Natural Zhenzhi.
Feihe issued the same first-half revenue warning again in August 2023 forward of its remaining annual outcomes.
It later reported that full-year internet revenue elevated 11.1% to three.6bn yuan within the 12 months to 31 December 2024. Income climbed 6.2% to twenty.7bn yuan.
In distinction, it posted a revenue of three.2bn yuan in fiscal 2023, down 33.5%, whereas income dropped 8.3% year-on-year to 19.5bn yuan.
