中国旺旺2025/2026 中期报告

Corporate Information2Financial Highlights5Management Discussion and Analysis6Independent Review Report22Interim Condensed Consolidated Balance Sheet23Interim Condensed Consolidated Income Statement25Interim Condensed Consolidated Statement of Comprehensive Income26Interim Condensed Consolidated Statement of Changes in Equity27Interim Condensed Consolidated Statement of Cash Flows29Notes to the Interim Condensed Consolidated Financial Information31Other Information55 The English text of this interim report shall prevail over the Chinese text in case of any inconsistency. 公司資料Corporate Information 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 STRATEGY COMMITTEE 策略委員會 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 2025/2026中期報告INTERIM REPORT 公司資料Corporate Information AUTHORISED REPRESENTATIVES 法定代表 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 網址 WEBSITE www.want-want.com www.want-want.com (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. 管理層討論及分析Management Discussion and Analysis SUMMARY 概覽 In the first half of 2025FY, the Group’s total revenue was RMB11,107.8million, representing a growth of 2.1% as compared with that of the sameperiod in the previous financial year, while its sales volume increased by anearly double-digit percentage year-on-year. Among these, the popsiclessub-category under the snack foods segment achieved a double-digitgrowth. In the first half of 2025FY, the Group continued to perform stronglyin emerging channels, such as e-commerce and OEM, and the revenuefrom emerging channels achieved a solid double-digit growth. Meanwhile,in the face of the emergence of a new snack retail system, the Groupproactively responded and launched new products that catered to thedemands of customers in specialty snack retail channels ().These products were well received by consumers, fully demonstratingthe effectiveness of the Group’s strategies in adapting to rapid changesin markets and channels. The Group’s overseas revenue recorded alow single-digit year-on-year growth