H&H国际控股2025年收入同比增长10%，实现扭亏为盈

公告速递

Mar 24

截至2025年12月31日，H&H国际控股录得收入143.536亿元，同比上升10.0%，毛利增加13.2%至89.637亿元。公司本年度纯利由上一年度的亏损转为1.961亿元，经调整可比纯利上升22.7%至6.641亿元。经调整可比EBITDA同比上升5.0%至20.505亿元，EBITDA同比增长26.1%至17.726亿元。

分业务来看，成人营养及护理用品收入69.464亿元，同比增长3.7%；婴幼儿营养及护理用品收入52.573亿元，同比增长20.0%；宠物营养及护理用品收入21.499亿元，同比增长9.0%。从地域表现看，中国内地收入同比增长17.5%，澳新市场收入同比下降21.8%，北美市场收入同比上升7.8%，其他区域收入同比上升13.4%。

公司所处的营养保健领域整体需求不断扩大，多元化渠道和高端化趋势为主要发展动力。报告期内，H&H国际控股在中国内地市场的婴幼儿营养及成人保健产品表现突出，北美地区也有所增长。展望后续，公司计划继续深化成人营养、婴幼儿营养及宠物营养等核心业务，并通过优化产品结构、扩大销售渠道、加强研发投入与品牌升级来提升增长潜力。同时，公司将配合合理的资本运作与成本管控，持续增强财务稳健性。

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