Heng Tai Consumables Group Limited (00197) released its Annual Report for the year ended 30 June 2025. According to the report, revenue reached approximately HK$428.0 million, a drop of 3.2% compared to the previous financial year. The net loss amounted to around HK$205.1 million, compared with a net loss of HK$196.4 million in FY2023/24.

During the period under review, the FMCG Trading Business recorded revenue of approximately HK$248.7 million, reflecting a decrease of 6.7% amid weak market demand and intensified competition from domestic brands in China. The Agri-Products Business generated revenue of roughly HK$178.2 million, a 3.3% increase driven mainly by higher selling prices in agri-products trading and improved product quality.

The overall gross profit margin stood at around 8.0%, a level similar to the previous year. Selling and distribution expenses rose roughly 18.9% to about HK$51.9 million, while administrative expenses grew by around 3.7% to approximately HK$64.7 million. Impairment losses on non-financial assets totaled about HK$117.1 million, mainly linked to the Group’s upstream farming segment amid lingering market uncertainties.

No final dividend was proposed for FY2024/25. The Group intends to maintain sufficient cash reserves in light of a challenging global environment. The Board noted continued uncertainties in global trade policies and weakening consumer sentiment in China, emphasizing a conservative approach to business development while focusing on cost-saving initiatives. The Group will continue streamlining unprofitable operations and exploring ways to refine its product mix in both FMCG and agri-products segments.