Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
WANT WANT CHINA HOLDINGS LIMITED
中國旺旺控股有限公司
(Incorporated in the Cayman Islands with limited liability)
(Stock code: 0151)
PRESENTATION ON ANNUAL RESULTS
FOR THE YEAR ENDED 31 MARCH 2019
A presentation in relation to the results of Want Want China Holdings Limited and its subsidiaries for the year ended 31 March 2019 is appended to this announcement.
By order of the Board
Want Want China Holdings Limited
LAI Hong Yee
Director
Hong Kong, 18 June 2019
As at the date of this announcement, the executive directors of the Company are Mr. TSAI Eng-Meng, Mr. TSAI Wang-Chia, Mr. HUANG Yung-Sung, Mr. CHU Chi-Wen, Mr. TSAI Ming-Hui and Ms. LAI Hong Yee; the non-executive directors are Mr. LIAO Ching-Tsun, Mr. TSAI Shao-Chung, Mr. MAKI Haruo and Mr. CHENG Wen-Hsien; and the independent non- executive directors are Mr. TOH David Ka Hock, Dr. PEI Kerwei, Mr. LEE Kwang-Chou, Mr. HSIEH Tien-Jen and Mr. LEE Kwok Ming.
2018FY Results
Year Ended 31 March 2019
18 June 2019
Disclaimer
The information contained in this presentation is intended solely for your personal reference. Such information is subject to change without notice and no representation or warranty express or implied is made as to, and no reliance, should be placed on, the fairness, accuracy, completeness or correctness of the information contained in this presentation. This presentation does not intend to provide, and you may not rely on this presentation as providing, a complete or comprehensive analysis of the Company's financial or trading position or prospects. None of the Company nor any of its respective affiliates, advisors or representatives shall have any liability (in negligence or otherwise) whatsoever for any loss or damage howsoever arising from any use of this presentation or its contents or otherwise arising in connection with this presentation.
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Disclaimer (cont'd)
This presentation contains projections and forward looking statements that may reflect the Company's current views with respect to future events and financial performance. Readers are cautioned not to place undue reliance on these forward-looking statements which are subject to various risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
This presentation does not constitute an offer or invitation to purchase or subscribe for any securities or financial instruments or the provision of any investment advice, and no part of it shall form the basis of or be relied upon in connection with any contract, commitment or investment decision in relation thereto, nor does this presentation constitute a recommendation regarding the securities or financial instruments of the Company.
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Note
Unless otherwise stated, this presentation provides the financial information from 1st April 2018 to 31st March 2019 (abbr. 2018FY) , and the comparative financial information from 1st April 2017 to 31st March 2018 (abbr. 2017FY).
Readers are reminded to read and construe this presentation in conjunction with the announcement of the Company dated 18th June 2019 in relation to its financial results for the year ended 31st March 2019.
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OVERVIEW of 2018FY RESULTS
RMB'000 | 2017FY | 2018FY | YOY | ||
(Restated) | |||||
Revenue | 20,149,781 | 20,712,027 | 2.8% | ||
Gross profit | 8,610,402 | 9,400,171 | |||
42.7% | 45.4% | 2.7ppt | |||
Operating expenses | 5,119,921 | 5,322,757 | 4.0% | ||
25.4% | 25.7% | ||||
Operating profit | 4,192,076 | 4,586,483 | |||
20.8% | 22.1% | 1.3ppt | |||
OP(excluding other | 3,490,481 | 4,077,414 | 16.8% | ||
income and other | |||||
gains - net) | |||||
Profit attributable to | 3,115,834 | 3,476,599 | 11.6% | ||
equity holders | 15.5% | 16.8% | |||
Income tax rate | 27.6% | 28.0% | |||
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COST STRUCTURE
Cost of sales breakdown | Raw material cost trend | ||||||
Salary | Depreciation | ||||||
&amortization | |||||||
&employee | 4.8% | ||||||
benefits | Others | ||||||
14.8% | |||||||
8.0% | Whole milk | ||||||
powder | |||||||
Tinplate | |||||||
48.3% | Sugar | ||||||
72.4 | Paper | ||||||
Raw materials, | 1 | 5 | 9 | 1 | 5 | 9 | |
201704 | 201804 | 201903 | |||||
packaging & | |||||||
consumables used | 1 | 5 | 9 | 1 | 5 | 9 | |
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RICE CRACKER SEGMENT
Revenue breakdown and gross margin
Revenue of core-brand rice crackers
RMBmn
39.1%
Gift packs
Sub brands
Core brands
Gross margin
.9% YoY=3
43.2%
5,597 5,813
.9% YoY=3
2017FY 2018FY
(Restated)
Revenue of gift packs
.9% YoY=6
2017FY 2018FY
(Restated)
2017FY 2018FY
(Restated)
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DAIRY & BEVERAGES SEGMENT
Revenue breakdown and gross margin | |||
RMBmn | |||
% | |||
.6 | |||
YoY=1 | |||
47.1% | |||
45.2% | |||
9,581 | 9,730 | ||
Revenue of Hot-Kid milk
.7% YoY=1
Beverages & others
Hot-kid milk
Gross margin
2017FY | 2018FY | 2017FY | 2018FY |
(Restated) | (Restated) | ||
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Want Want China Holdings Ltd. published this content on 18 June 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 June 2019 04:53:03 UTC