Link: https://links.sgx.com/1.0.0/corporate-announcements/7SEMNJE7QZ7RGUYW/c2d39ec2980795989be8b5d807ca4c06491c7977b87507c7c94a7c8bfc405610

Summary:

• Revenue: Up 76% year-on-year to RMB 238.7 million (FY24: RMB 135.3m), driven by a surge in sales volumes—customers increased inventory for supply stability, especially in the first half of the year.

• Gross Profit: Doubled to RMB 41.1m (margin up from 14.8% to 17.2%) due to technical and production efficiency upgrades.

• Net Profit: RMB 29.7 million (vs. RMB 2.3m prior year). Basic/diluted EPS: 2.81 RMB cents (vs. 0.21 cents).

• Operating Highlights: Apple juice sales +74%, pear juice flat, peach juice sales minimal, fructose sales more than doubled. 1H sales nearly 2.4x higher than 2H due to inventory build-up.

• Balance Sheet: Trade receivables jumped on higher parent-company sales; inventories down sharply (drawn down to support sales). Cash and equivalents: RMB 11.6m (down from RMB 31.4m).

• Borrowings: Up to RMB 78.9m (from RMB 39.1m), comprising short-term loans and trade financing secured by notes receivable.

• No Dividend Declared: As the company seeks to conserve funds for operations and working capital (also no dividend in FY24).

• Outlook: Group expects uncertainty ahead—higher tariffs, trade tension, shipping costs, and climate risks affecting apple procurement and costs. Exports to the US face persistent competitiveness challenges from tariffs. Focus remains on cost efficiency, leveraging the SDIC parent network, and product/market diversification.