China's H&H International half-year revenue rises, profit surges on margin expansion
China's H&H International half-year revenue rises, profit surges on margin expansion
Overview
China nutrition products maker's half-year revenue rose 24% yr/yr
Net profit for six months surged more than eightfold yr/yr
Company attributes profit growth to margin expansion and operational efficiencies
Outlook
Company did not provide specific guidance or outlook for future periods
Result Drivers
MARGIN EXPANSION - Co said profit growth was driven by improved margins
OPERATIONAL EFFICIENCIES - Co cited operational efficiencies as a key driver of profit increase
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| RMB 8.70 bln |
|
H1 Net Income Attributable |
| RMB 610.60 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the food processing peer group is "buy"
Wall Street's median 12-month price target for Health and Happiness (H&H) International Holdings Limited is HK$18.90, about 27.4% above its August 25 closing price of HK$14.83
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago
Reuters Recommended Reads
Aug 25 - China Foods H1 revenue rises on channel expansion, functional-drink growth
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Aug 24 - Snoring, subways and stealth ads: how big pharma targets China's waistline
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
Recent news on Health and Happiness (H&H) International Holdings
See all newsChina's H&H International half-year revenue rises, profit surges on margin expansion
Brief: Health and Happiness (H&H) International Posts H1 Net Income Attributable Of RMB610.6 MLN
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Brief: Health And Happiness (H&H) International Proposes Final Dividend HK$0.16 Per Share
Brief: Health And Happiness (H&H) International Expects FY Adjusted EBITDA To Increase In Range Of 2% To 6%