H & H International Holdings: It is expected to decrease by 25-35% year-on-year after adjustment in 2022

On July 26, 2022, the Hong Kong stock listed company H & AMP; H International Holdings (01112.HK) announced the latest business and financial news for 6 months ended June 30, 2022.

In terms of finance, the Group's 6 -month -old adjustment as of June 30, 2022 can achieve a lower number of units from the same period in 2021. It is expected that the adjustment of the EBITDA ratio of the EBITDA ratio of 6 months ended June 30, 2022 will maintain a steady level of medium and high double -digit numbers.

It is expected that the group's comparable net profit to the 6 months ended June 30, 2022 will fall between 25%and 35%compared with the same period of 2021. The expected decline is mainly due to increasing financing costs of incremental interest rate bank loans that are related to the acquisition of Zesty PAWS about $ 550 million.

As far as the group's report is reported in accordance with the International Financial Report Guidelines, although the loss of major non -cash exchange losses and non -cash fair value losses for the 6 months ended June 30, 2021, it will drop by about 5%to 15 %, The decline of comparable to the comparable net profit is low, mainly due to the following favorable impacts: non -cash exchange income, which is mainly generated by the group's internal loan of the group; and non -cash income, mainly by existing NewH The fair value changes of the hedging tools of investment and group long -term debt.

As of June 30, 2022, the group maintained a stable flow of funds with a cash balance of RMB 2.1 billion.

In terms of business, on June 27, 2022, the group withdrawn a three -year terminal loan with a total principal of $ 1.125 billion to reintegrate its existing loan.

For the six months ended June 30, 2022, after the revenue contribution from Zesty PAWS, the group achieved revenue growth of the number of high units in accordance with the reference benchmark. According to the same comparison benchmark, the group's revenue increased from the level of the number of central units in the same period last year.

As far as infants and young children's nutrition and care products are concerned, as of June 30, 2022, the sales of infant formula milk powder have recorded a lower number of units. Probiotics replenish sales growth in the number of units. The sales of other infant products have recorded a double -digit level of annual increase, because the focus of this category has shifted from increasing sales to improving profitability.

As of 6 months as of June 30, 2022, the adult nutrition and care products division has still achieved a double -digit level.

For the six months ended June 30, 2022, the pet nutrition and care supplies divisions have also achieved a double -digit level compared with the same period last year. During the period, the United States and the Chinese market have achieved strong growth.

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