WANT WANT CHINA-中国旺旺(00151) - 2019 - 年度财报

Financial Performance - Revenue for the fiscal year 2018/2019 reached $5.6 billion, representing a 6.8% year-over-year growth[1] - Net profit increased by 12.3% to$ 1.2 billion, driven by cost optimization and higher sales volume[1] - Revenue for the year ended 31 March 2019 was RMB 20,712,027 thousand, an increase from RMB 20,149,781 thousand in the previous year[34] - Profit before income tax for the year ended 31 March 2019 was RMB 4,806,321 thousand, up from RMB 4,293,467 thousand in the previous year[34] - Net profit attributable to equity holders of the company for the year ended 31 March 2019 was RMB 3,476,599 thousand, compared to RMB 3,115,834 thousand in the previous year[35] - Basic earnings per share for the year ended 31 March 2019 were RMB 27.93 cents, up from RMB 24.93 cents in the previous year[36] - Total assets as of 31 March 2019 were RMB 29,836,438 thousand, an increase from RMB 26,683,103 thousand in the previous year[39] - Total equity as of 31 March 2019 was RMB 15,428,236 thousand, up from RMB 14,610,900 thousand in the previous year[39] - Dividends for the year ended 31 March 2019 were RMB 2,877,682 thousand, an increase from RMB 2,473,233 thousand in the previous year[37] - Revenue for FY2018 increased by 2.8% to RMB20,712.0 million compared to FY2017[42] - Gross profit grew by 9.2% to RMB9,400.2 million due to an increase in gross profit margin[42] - Profit attributable to equity holders of the company increased by 11.6% to RMB3,476.6 million[42] - Total revenue for the year ended 31 March 2019 increased by 2.8% to RMB20,712.0 million compared to the previous year[165] - Gross profit margin increased by 2.7 percentage points year-on-year to 45.4%[165] - Operating profit (excluding other income and other gains – net) increased by 16.8% to RMB4,077.4 million[165] - Profit attributable to equity holders of the Company increased by 11.6% year-on-year to RMB3,476.6 million[166] - The margin of profit attributable to equity holders increased by 1.3 percentage points to 16.8%[166] - Operating expense as a percentage of revenue was 25.7%, amounting to RMB5,322.8 million[165] - EBITDA increased by 9.4% to RMB4,586.5 million[163] - Total revenue for FY2018 increased by 2.8% to RMB 20.712 billion, with emerging channels becoming a key driver of growth[167] - Gross profit margin rose by 2.7 percentage points to 45.4% in FY2018, driven by optimized product mix and improved channel profitability[167] - Operating profit (excluding other income and gains) increased by 16.8% to RMB 4.077 billion in FY2018[167] - Net profit attributable to equity holders grew by 11.6% to RMB 3.477 billion, with a profit margin increase of 1.3 percentage points to 16.8%[167] - Total revenue for 2018FY increased by 2.8% to RMB20,712.0 million compared to 2017FY[191] - Revenue from rice crackers segment grew by 3.9% to RMB5,813.5 million in 2018FY[191][192] - Revenue from snack foods segment increased by 3.5% to RMB5,101.1 million in 2018FY[191] - Dairy products and beverages segment revenue rose by 1.6% to RMB9,729.6 million in 2018FY[191] Market Expansion and Growth - The company expanded its market share in China by 2.5%, reaching a total market penetration of 18.7%[1] - The company expects revenue growth of 5-7% for the next fiscal year, with a focus on expanding in Southeast Asia[1] - The company's first subsidiary in China was established in Hunan province in 1992, marking its entry into the Chinese market[9] - The company expanded from a rice cracker company to a diversified food and beverages company in the following years after entering China[9] - The company's subsidiary, Want Want Holdings Ltd., was listed on the Singapore Exchange Securities Trading Limited in May 1996[9] - The company was listed on the Hong Kong Stock Exchange on 26 March 2008 and was selected as a constituent of the Hang Seng Mainland Composite Index and the Morgan Stanley Capital International China Index in the same year[9] - The company's Taiwan Depositary Receipts were listed on the Taiwan Stock Exchange Corporation on 28 April 2009[9] - The company was selected as a constituent stock of the Hang Seng Index in Hong Kong on 5 December 2011[9] - The company's Taiwan Depositary Receipts were voluntarily withdrawn from listing on the Taiwan Stock Exchange on 15 October 2013[9] - The company's operations are primarily located in China, with additional operations in Taiwan, Japan, Hong Kong, and Singapore[10] - The company has an extensive nationwide sales and distribution network throughout China and exports products to markets including the United States, Canada, Southeast Asia, and Europe[10] - The company plans to introduce more unique new products to cater to different consumer scenarios and groups[42] - Over 90% of the Group's revenue and businesses were generated in Mainland China during the reporting period (1 April 2018 to 31 March 2019)[56][58] - The company plans to launch rice crackers with local characteristics in overseas markets as part of its expansion strategy[196] - In 2019FY, the Group will focus on product differentiation strategies, increasing the proportion of customized products and introducing new products like functional drinks and "Mr. Bond milk tea"[198] - Emerging channels became a new driving force for snack foods revenue growth in 2018FY[199] - The Group will concentrate resources on market-potential products like "Lactic Acid Bacteria" and "O-Bubble Fruit milk" in 2019FY[198] - Export sales of rice crackers achieved mid single-digit growth in 2018FY, with further expansion planned for overseas markets[196] Product Development and Innovation - New product launches contributed $450 million in revenue, accounting for 8% of total sales[1] - R&D investment increased by 15% to$ 120 million, focusing on innovative food and beverage technologies[1] - The company completed two strategic acquisitions, totaling $300 million, to enhance its product portfolio[1] - The company plans to invest$ 200 million in new production facilities to support future growth[1] - The company won the Food Safety Innovation Technology Award in July 2018[45][46] - The company won two bronze awards in the 9th Golden Mouse Digital Marketing Contest[47] - The company won the China Food Health Seven Star Award for the fourth consecutive year[49] - The company won the China Dairy Industry Quality and Safety Management Outstanding Enterprise Award and Outstanding New Product Award in August 2018[50][51] - The company was listed in the "Taiwan's Top 20 International Brands" for the 10th consecutive year with a brand value of US1.1 billion to total revenue[1] - The company won two bronze awards in the 9th Golden Mouse Digital Marketing Contest[47] - The company was listed in the "Taiwan's Top 20 International Brands" for the 10th consecutive year with a brand value of US$897 million[52][53] - The "Hot-Kid seasoning" announcement received over 200 million impressions[183][187] - The "A Bite to be Cute" event on TikTok attracted over 150,000 impressions and total online promotion impressions exceeded 5 million[184][188