Want Want China Holdings Limited · HKEX:151
Want Want China — FY2024 Earnings Presentation
12 slides from Want Want China's earnings presentation, Jun 24, 2025
Slide 1: Presentation on Annual Results for the Year Ended 31 March 2025
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in relia
Slide 2: FY24 Results and Disclaimer
FY24 Results Year ended March 31 2025 June 24 2025 DISCLAIMER The information contained in this presentation is intended solely for your personal reference. Such information is subject to change without notice and no representation or warranty express or implied is made as to, and no reliance, shoul
Slide 3: Financial Highlights; Analysis of Gross Profit Margin Drivers
Financial Highlights Unit: RMBmn FY23 FY24 YOY ü Due to the decline of popsicles & gift pack revenues caused by weather and market environment. Revenue 23,586 23,511 0.3% ü Dairy products and beverages segment ↑ low single-digit ü Emerging channels and overseas markets ↑ double-digit Gross Margin 46
Slide 4: Channel Diversification; Rice Crackers Segment
Channel Diversification：Overseas Market and Emerging Channels Became Key Growth Drivers Revenue Contribution by Channel Snacks specialty retailers Overseas markets High-single digit C. 10% ↑ Double-digit ↓ Low single-digit Close to ↑ Double-digit YOY Double-digit Emerging channels ↓ 0.3% Traditional
Slide 5: Dairy Products and Beverages Segment; Snack Foods Segment
Dairy Products and Beverages Segment ü Revenue breakdown and gross margin ü Revenue of Hot-Kid Milk Unit: RMBmn gle-digit Low sin YoY = ↑ 48.5% 49.7% ↑ 1.3% Y oY = 11,956 12,109 FY23 FY24 ü Revenue of beverages & others • O-bubble drinks revenue ↑ Double-digit igit ble-d = ↑ Dou YoY FY23 FY24 FY23 F
Slide 6: Operating Expenses; Distribution Costs
Operating Expenses ü Operating expenses breakdown ü Distribution costs and as % of revenue Unit: RMBmn 12.8% 12.9% 25.7% 25.7% YoY = ↓ Low single-digit 6,064 6,035 3,021 3,027 FY23 FY24 ü Administrative expenses and as % of revenue 12.9% 12.8% 3,043 3,008 FY23 FY24 Administrative expenses Distributi
Slide 7: Working Capital; Cash and Borrowings; CAPEX
Working Capital ü Turnover days（Unit：Days） ü Inventory Unit: RMBmn Item 2024.03.31 2025.03.31 2,576 2,415 Inventory 81 74 * 161 Trade receivables 13 13 Trade payables (29) (28) Cash conversion cycle 65 59 6 Days 2024.03.31 2025.03.31 * The inventory turnover days decreased by 7 days as compared to t
Slide 8: FY24 Dividend + Share Repurchases; Marketing Highlights
FY24 Dividend + Share Repurchases Unit: USDmn FY23 FY24 YOY Final dividend 390 241 (proposed) Share repurchases 41 5 Total dividend+ 431 246 43% Share repurchases (c. RMB3,080mn) (c. RMB1,775mn) 13 Marketing Highlights FY24
Slide 9: Dairy Products and Beverages Segment; Rice Crackers Segment
Dairy Products and Beverages Segment Hot-Kid milk in "56 ethnic group can" back to Dairy products and beverages revenue ↑ 1.3% market, sparked consumers' desire for collecting Channels diversification driven Content e-commerce 、OEM rapid growth In-depth cooperation with snacks specialty retailers Lu
Slide 10: Snack Foods Segment; Diversified Channel Development
Snack Foods Segment Snack foods revenue ↓ 2.6% 1H popsicle revenue declined due to weather conditions and sales timing Wafer Roll、Lonely God、Puff revenue achieved new record highs Candy and other snack products in overseas markets recorded 2H achieved recovery in growth through business strong growt
Slide 11: Prospect
Prospect Continued to expand and develop diversified Enhanced organizational agility and proactiveness emerging channels OEM 19
Slide 12: Contact us
Contact us: investor@want-want.com
Want Want China Holdings — FY2024 Earnings Presentation on 6ix