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1112 — Health and Happiness (H&H) International Holdings News Story

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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

  • Aug 25 - Hong Kong's Nissin Foods half-year revenue rises

  • 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.)

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