H&H International Holdings (01112) rose more than 6% during intraday trading. As of press time, the stock was up 5.83% at HK$18.87, with turnover of HK$22.7055 million.
In the first half of this year, H&H International Holdings recorded revenue of approximately RMB 8.696 billion, up 23.9% year-on-year, and net profit of approximately RMB 611 million, up about 7.6 times year-on-year. By segment, all three major businesses achieved growth. In the first half, the ANC, BNC and PNC businesses generated revenue of RMB 3.97 billion, RMB 3.63 billion and RMB 1.09 billion respectively, representing year-on-year growth of 13.9%, 45.2% and 4.8%.
On dividends, the board declared an interim dividend of HK$0.82 per share, accounting for about 50% of adjusted comparable net profit, a sharp increase from HK$0.19 per share in the same period last year, significantly enhancing shareholder returns.
Everbright Securities believes that looking ahead to the second half, the company will continue to drive sustainable growth in high-margin, high-growth nutritional supplements and infant formula, increase marketing investment in the launch of strategic new products and in core and expansion markets, and continue to advance deleveraging while maintaining a sound capital structure. Changjiang Securities said it is bullish on the medium- to long-term upward trend of H&H's business as a nutrition supplier positioned for the whole family.