Vitasoy Int'l Hldgs (00345)
Last Update: 2025-08-13
Stock Name
Vitasoy Int'l Hldgs
Listing Date
1994-03-30
Sector
Food & Beverages
Chairman
Winston Yau-lai LO
Par Value
0( )
Total Issued Capital
1.060B
Market Cap
10.127B
Principal Activities
The principal activities of the Company are the manufacture and sale of food and beverages.
Latest Results
The Group's profit attributable to shareholders for the year ended 31-03-2025 amounted to HKD 234.7 million, an increase of 101.7% compared with previous corresponding period. Basic earnings per share was HKD 0.219. A dividend of HKD 0.102 per share was declared. Turnover amounted to HKD 6.27 billion, an increase of 0.9% over the same period last year, gross profit margin up 1.2% to 51.3%. (Announcement Date: 24 Jun 2025)
Business Review - For the year ended March 31, 2025
The Group’s revenue increased by 1% over the previous financial year, driven by growth of our core products in Mainland China alongside the solid achievements of the Hong Kong Operation.
The Group’s profit attributable to equity shareholders of the Company grew substantially by 102%, driven by enhanced sales execution focus in Mainland China, strong performance in the Hong Kong Operation, and our strategic emphasis on improving procurement and operating efficiency at both the market and corporate levels.
Mainland China
Revenue grew slightly by 1% in local currency terms compared with the previous year due to growth from flat in the first half to 2% in the second half of FY2024/2025. Core products under the VITASOY and VITA brands registered concurrent sales and volume growth.
While continuing to expand our core business, innovations in both VITASOY (fruity variants of Strawberry and Banana) and VITA Tea (VLT Zero) provided incremental revenue for the existing product portfolio.
We continued to improve profitability by increasing operating efficiency, lowering commodity prices and exercising disciplined cost control. Profit from operations rose by 41% to achieve a 9% operating margin for the year.
Hong Kong Operation
The Hong Kong Operation delivered another year of revenue growth, underpinned by a strengthened core business and targeted innovations. Despite some challenges in the overall local retail environment, both VITASOY and VITA brands continued to lead the market in Hong Kong, reinforcing our strong brand equity.
Profit from operations grew by 24%, driven mainly by higher sales volumes, lower overhead costs and lower commodity costs, all of which contributed to the 12% operating profit margin for the year.
Australia and New Zealand
Revenue grew 5% in local currency terms, following the resolution of earlier production line issues.After a challenging first half, we narrowed the loss from operations in the second half by 31% in
local currency terms. This improvement was driven by the restoration of manufacturing stability and optimisation of logistics, which together supported the sustained resumption of promotional activities in the final quarter of FY2024/2025.For the full year, the loss from operations decreased by 4% to AUD15 million.
Singapore
Revenue decreased slightly compared with the previous year. While tofu sales volume grew in both domestic and export markets, the imported beverage business was temporarily affected by the completion of the transition to a new distributor.
The loss from operations narrowed, mainly due to lower raw material costs and an optimised sales mix.
Business Outlook - For the year ended March 31, 2025
In the current financial year, in the context of a much more challenging external environment and categories’growth slowdown, our goal is to sustain scale and profitability across all operating units by expanding our market share in the core categories of plant milk and ready-to-drink tea, with a particular focus and priority on the Mainland China business.
At the same time, we will work to sustain sales growth and decrease the loss from operations in Australia.
In the longer term, we are confident that our brands are well-positioned to gradually better capture growth opportunities thanks to our core portfolio and pipeline of healthy, innovative products.
Mainland China
Overall beverage category growth has slowed down and the competitive context has become more challenging, while consumers become more price sensitive. Our main goal in the short-term horizon is to sustain scale and profitability.
In FY2025/2026, we will further sharpen field sales execution to increase sales per outlet and improve product availability. Our core VITASOY and VITA brands will continue to be supported by a dedicated focus on our core products and strong innovation pipeline.
Hong Kong Operation (Hong Kong SAR, Macau SAR and Exports)
Closely integrated with the Mainland China commercial programme, Hong Kong will continue to execute its distinctive, far-reaching expansion strategy across all channels to sustain highly profitable topline growth. Export sales to USA (which has been consolidated under Hong Kong Operation) accounts for less than 2% of total Vitasoy business in FY2024/2025, and the estimated tariff impact to the Group is not material. However, we will continue to assess the financial impact of global trade barriers on our business.
Australia and New Zealand
We remain committed to accelerating sales by leveraging our now stabilised manufacturing operation. Manufacturing stability allows us to completely satisfy growing demand, while further innovations and other operational efficiencies will enable us to continue to decrease the loss from operations of FY2024/2025. While we have resolved the manufacturing issues, it is taking longer to improve our cost structure and recover our market position and this has been exacerbated by a very competitive sales environment.
Singapore
We will continue to drive growth in tofu sales and diversify sourcing for cost optimised beverage products to increase scale and significantly improve the bottom line.
Philippines
Our joint venture with Universal Robina Corporation will continue to advance scale and grow the exciting plant milk category in this promising market. As the market has shown responsiveness to almond and oat milk across different shopper occasions, we will invest behind our comprehensive portfolio of soy, almond and oat milk across both single serve and multi serve.
Source: Vitasoy Int'l Hldgs (00345) Annual Results Announcement
The principal activities of the Company are the manufacture and sale of food and beverages.
Latest Results
The Group's profit attributable to shareholders for the year ended 31-03-2025 amounted to HKD 234.7 million, an increase of 101.7% compared with previous corresponding period. Basic earnings per share was HKD 0.219. A dividend of HKD 0.102 per share was declared. Turnover amounted to HKD 6.27 billion, an increase of 0.9% over the same period last year, gross profit margin up 1.2% to 51.3%. (Announcement Date: 24 Jun 2025)
Business Review - For the year ended March 31, 2025
The Group’s revenue increased by 1% over the previous financial year, driven by growth of our core products in Mainland China alongside the solid achievements of the Hong Kong Operation.
The Group’s profit attributable to equity shareholders of the Company grew substantially by 102%, driven by enhanced sales execution focus in Mainland China, strong performance in the Hong Kong Operation, and our strategic emphasis on improving procurement and operating efficiency at both the market and corporate levels.
Mainland China
Revenue grew slightly by 1% in local currency terms compared with the previous year due to growth from flat in the first half to 2% in the second half of FY2024/2025. Core products under the VITASOY and VITA brands registered concurrent sales and volume growth.
While continuing to expand our core business, innovations in both VITASOY (fruity variants of Strawberry and Banana) and VITA Tea (VLT Zero) provided incremental revenue for the existing product portfolio.
We continued to improve profitability by increasing operating efficiency, lowering commodity prices and exercising disciplined cost control. Profit from operations rose by 41% to achieve a 9% operating margin for the year.
Hong Kong Operation
The Hong Kong Operation delivered another year of revenue growth, underpinned by a strengthened core business and targeted innovations. Despite some challenges in the overall local retail environment, both VITASOY and VITA brands continued to lead the market in Hong Kong, reinforcing our strong brand equity.
Profit from operations grew by 24%, driven mainly by higher sales volumes, lower overhead costs and lower commodity costs, all of which contributed to the 12% operating profit margin for the year.
Australia and New Zealand
Revenue grew 5% in local currency terms, following the resolution of earlier production line issues.After a challenging first half, we narrowed the loss from operations in the second half by 31% in
local currency terms. This improvement was driven by the restoration of manufacturing stability and optimisation of logistics, which together supported the sustained resumption of promotional activities in the final quarter of FY2024/2025.For the full year, the loss from operations decreased by 4% to AUD15 million.
Singapore
Revenue decreased slightly compared with the previous year. While tofu sales volume grew in both domestic and export markets, the imported beverage business was temporarily affected by the completion of the transition to a new distributor.
The loss from operations narrowed, mainly due to lower raw material costs and an optimised sales mix.
Business Outlook - For the year ended March 31, 2025
In the current financial year, in the context of a much more challenging external environment and categories’growth slowdown, our goal is to sustain scale and profitability across all operating units by expanding our market share in the core categories of plant milk and ready-to-drink tea, with a particular focus and priority on the Mainland China business.
At the same time, we will work to sustain sales growth and decrease the loss from operations in Australia.
In the longer term, we are confident that our brands are well-positioned to gradually better capture growth opportunities thanks to our core portfolio and pipeline of healthy, innovative products.
Mainland China
Overall beverage category growth has slowed down and the competitive context has become more challenging, while consumers become more price sensitive. Our main goal in the short-term horizon is to sustain scale and profitability.
In FY2025/2026, we will further sharpen field sales execution to increase sales per outlet and improve product availability. Our core VITASOY and VITA brands will continue to be supported by a dedicated focus on our core products and strong innovation pipeline.
Hong Kong Operation (Hong Kong SAR, Macau SAR and Exports)
Closely integrated with the Mainland China commercial programme, Hong Kong will continue to execute its distinctive, far-reaching expansion strategy across all channels to sustain highly profitable topline growth. Export sales to USA (which has been consolidated under Hong Kong Operation) accounts for less than 2% of total Vitasoy business in FY2024/2025, and the estimated tariff impact to the Group is not material. However, we will continue to assess the financial impact of global trade barriers on our business.
Australia and New Zealand
We remain committed to accelerating sales by leveraging our now stabilised manufacturing operation. Manufacturing stability allows us to completely satisfy growing demand, while further innovations and other operational efficiencies will enable us to continue to decrease the loss from operations of FY2024/2025. While we have resolved the manufacturing issues, it is taking longer to improve our cost structure and recover our market position and this has been exacerbated by a very competitive sales environment.
Singapore
We will continue to drive growth in tofu sales and diversify sourcing for cost optimised beverage products to increase scale and significantly improve the bottom line.
Philippines
Our joint venture with Universal Robina Corporation will continue to advance scale and grow the exciting plant milk category in this promising market. As the market has shown responsiveness to almond and oat milk across different shopper occasions, we will invest behind our comprehensive portfolio of soy, almond and oat milk across both single serve and multi serve.
Source: Vitasoy Int'l Hldgs (00345) Annual Results Announcement
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