VV Food & Beverage reports semi-annual revenue dip, adjusts auditor

VV Food & Beverage reported a 12.76% decrease in operating revenue to CNY 1,520,910,156.18 for the first half of 2025 compared to the previous year, with net profit attributable to shareholders also falling by 20.14% to CNY 120,367,085.10. Despite this, the company saw a 56.78% increase in net profit attributable to shareholders after deducting non-recurring gains and losses, primarily due to increased gross profit margins on its products.

The company's semi-annual operating data showed varied performance across its solid beverage, plant protein drink, and refined tea product categories. Solid beverage sales were CNY 76,874.92, a 5.03% decrease year-over-year. Plant protein drinks saw sales of CNY 16,615.68, down 3.41%. However, refined tea products increased by 21.53% to CNY 2,553.17. Distributor numbers decreased across the board.

In corporate governance, the board approved the re-appointment of Zhongxinghua Certified Public Accountants (Special General Partnership) as its 2025 annual auditing institution, with audit fees reduced by CNY 20,000 compared to 2024. This proposal will be submitted for approval at the third extraordinary general meeting of shareholders on September 12, 2025.