中国旺旺2024/2025 中期报告

Corporate Information2Financial Highlights5Management Discussion and Analysis6Independent Review Report19Interim Condensed Consolidated Balance Sheet20Interim Condensed Consolidated Income Statement22Interim Condensed Consolidated Statement of Comprehensive Income23Interim Condensed Consolidated Statement of Changes in Equity24Interim Condensed Consolidated Statement of Cash Flows26Notes to the Interim Condensed Consolidated Financial Information28Other Information53 The English text of this interim report shall prevail over the Chinese text in case of any inconsistency. 公司法定名稱 LEGAL NAME OF THE COMPANY Want Want China Holdings Limited 上市地點及代號0151 PLACE OF LISTING AND TRADING CODE The Stock Exchange of Hong Kong LimitedStock code: 0151 DIRECTORS 董事 Executive Directors Mr. Tsai Eng-Meng(Chairman and Chief Executive Officer)Mr. Tsai Shao-ChungMr. Tsai Wang-Chia(Chief Operating Officer)Mr. Huang Yung-Sung(Chief Marketing Officer)Mr. Chu Chi-Wen(Chief Financial Officer)Mr. Tsai Ming-HuiMs. Lai Hong Yee Non-executive Directors 槇 Mr. Maki HaruoMr. Cheng Wen-Hsien Independent non-executive Directors Dr. Pei KerweiMr. Hsieh Tien-JenMr. Lee Kwok MingMr. Pan Chih-ChiangMrs. Kong Ho Pui King, Stella COMPANY SECRETARY 公司秘書 Ms. Lai Hong Yee 審核及風險管理委員會 AUDIT AND RISK MANAGEMENT COMMITTEE Mr. Lee Kwok Ming(Chairman)Dr. Pei KerweiMr. Hsieh Tien-JenMr. Pan Chih-ChiangMrs. Kong Ho Pui King, Stella 薪酬委員會 REMUNERATION COMMITTEE Mr. Hsieh Tien-Jen(Chairman)Dr. Pei KerweiMr. Tsai Shao-ChungMr. Lee Kwok MingMr. Pan Chih-ChiangMrs. Kong Ho Pui King, Stella NOMINATION COMMITTEE 提名委員會 Dr. Pei Kerwei(Chairman)Mr. Tsai Shao-ChungMr. Hsieh Tien-JenMr. Lee Kwok MingMr. Pan Chih-ChiangMrs. Kong Ho Pui King, Stella 策略委員會 STRATEGY COMMITTEE Mr. Tsai Eng-Meng(Chairman)Mr. Tsai Shao-ChungMr. Tsai Wang-ChiaMr. Huang Yung-SungMr. Chu Chi-WenMr. Tsai Ming-HuiMs. Lai Hong YeeDr. Pei KerweiMr. Hsieh Tien-JenMr. Lee Kwok MingMr. Pan Chih-ChiangMrs. Kong Ho Pui King, Stella 環境、社會及治理委員會（「ESG委員會」） ENVIRONMENTAL, SOCIAL AND GOVERNANCECOMMITTEE (“ESG COMMITTEE”) Mr. Tsai Wang-Chia(Chairman)Mr. Chu Chi-WenDr. Pei KerweiMr. Lee Kwok MingMrs. Kong Ho Pui King, StellaMs. Cao Yong-MeiMr. Chen Chien-ChenMr. Shih Yi-ChangMr. Lee Ming-Chun AUDITOR 核數師 Ernst & YoungCertified Public AccountantsRegistered Public Interest Entity Auditor 法律顧問 LEGAL ADVISOR • Sullivan & Cromwell (Hong Kong) LLP 主要往來銀行 PRINCIPAL BANKS Bank of China (Hong Kong) LimitedChina Merchants Bank Co., LimitedCitigroup Inc.CTBC Bank Co., Ltd, Hong Kong Branch 法定代表 AUTHORISED REPRESENTATIVES Mr. Chu Chi-WenMs. Lai Hong Yee 股份過戶登記處 SHARE REGISTRAR AND TRANSFER OFFICE Principal Suntera (Cayman) LimitedSuite 3204, Unit 2ABlock 3, Building DP.O. Box 1586Gardenia CourtCamana BayGrand Cayman, KY1-1100Cayman Islands Suntera (Cayman) LimitedSuite 3204, Unit 2ABlock 3, Building DP.O. Box 1586Gardenia CourtCamana BayGrand Cayman, KY1-1100Cayman Islands Hong Kong Branch 1831717121716 Computershare Hong Kong Investor Services LimitedShops 1712-1716, 17th Floor, Hopewell Centre183 Queen’s Road East, WanchaiHong Kong 註冊辦事處 REGISTERED OFFICE Maples Corporate Services LimitedP.O. Box 309, Ugland HouseGrand Cayman, KY1-1104Cayman Islands Maples Corporate Services LimitedP.O. Box 309, Ugland HouseGrand Cayman, KY1-1104Cayman Islands 主要營業地點及總部地址 PRINCIPAL PLACE OF BUSINESS ANDADDRESS OF HEADQUARTERS Units 07-08, 7th Floor, CTF Life TowerNo. 18 Sheung Yuet Road, Kowloon BayKowloon, Hong Kong 18707-08 400 Orchard Road#17-05 Orchard TowersSingapore 238875 400 Orchard Road#17-05 Orchard TowersSingapore 238875 WEBSITE 網址 www.want-want.com www.want-want.com QUICK RESPONSE CODE 二維條碼 4 (1)The calculation of inventory and trade payables turnover days is based onthe average of the opening and closing balances divided by cost of sales andmultiplied by 180 days. SUMMARY 概覽 20243.5%108.7662024OEM52024 In the first half of 2024FY, the Group’s total revenue declined by 3.5%year-on-year to RMB10,876.6 million. This was mainly attributable to thedecline in revenue of the popsicles sub-category under the snack foodssegment for the first half of 2024FY, which put pressure on the Group’soverall revenue. However, benefitting from the strategy of channeldiversification, emerging channels such as vending machines, OEM, etc.,continued to grow, and overseas markets achieved a double-digit revenuegrowth. The Group continued to invest in the research and development(“R&D”) of a variety of distinctive products, with new products launchedover the past five years contributing a double-digit percentage of theGroup’s revenue for the first half of 2024FY. The gross profit margin for the first half of 2024FY increased to 47.3% duemainly to the decrease in the cost of certain key raw materials. Meanwhile,with the benefits brought about by the proper control of overall operatingexpenses (i.e. the aggregate of distribution costs and administrativeexpenses, hereinafter refe