Cheerwin Group posts revenue growth, declares interim dividend

For the six months ended June 30, 2025, Cheerwin Group recorded revenue of RMB1.338bn, up from RMB1.249bn in the same period of 2024. Profit before tax rose by 5.3% to RMB231.7m, while gross profit increased by 14.0% to RMB659.7m. Online channel revenue surged by 27.4%, and the pet business segment saw a remarkable 101.4% growth. However, profit for the period slightly decreased by 2.7% to RMB171.1m. Basic earnings per share were RMB13.02 cents.

The board resolved to declare an interim dividend of RMB0.0521 per share (equivalent to HK$0.0571 per share) for the six months ended June 30, 2025, maintaining a stable dividend payout ratio of 40.0%. This dividend will be paid on October 9, 2025, to shareholders on record as of September 16, 2025.

As of June 30, 2025, the Group held RMB2.65bn in cash and cash equivalents and time deposits, primarily denominated in RMB, indicating strong liquidity. The remaining proceeds from the Global Offering, approximately RMB1.704bn, are slated for continued use in accordance with the Prospectus, with full utilization expected by the end of 2026 for various strategic initiatives including R&D, market penetration, and supply chain enhancements.