H&H Group’s Net Profit is Expected to Drop

H&H International Holdings announced that, in the first half of 2021, the Group experienced a low single-digit level of decline compared to the same period last year. Under IFRS, H&H Group’s reported net profit is expected to decline by 30-40%. Specifically, in the second quarter of 2021, adult nutrition and care products (primarily SWISSE) had double-digit growth, probiotic supplement sales had a double-digit decline, and the pet nutrition products segment also had strong double-digit growth. When the pandemic dividend period has passed, the long-term development of the industry needs to rely on the promotion of consumption value. Therefore, pet nutrition, as an emerging category in recent years, has shown explosive growth while becoming a new hit for imported consumption. (Source: shuzhengkangxun)