At present, the practice of sustainable development by enterprises is not only in line with the national strategy, but also helps to form a good ecology for the whole society to create a win-win situation, which can bring wealth and prosperity to the society and benefit everyone, thereby benefiting the high-quality and long-term development of each enterprise. H&H practices the concept of sustainable development, insists on being a responsible enterprise, and delivers a low-carbon, environmentally friendly, healthy and happy lifestyle, which has also been recognized by Mutual Benefit Enterprises, helping the group to have a stable development space in terms of performance. According to the 2023 annual financial report data of H&H, as of December 31, 2023, the group's revenue was 13.93 billion yuan, an increase of 9.0%. Nutritional supplements have become the main engine of the Group's growth. Nutritional supplements across all three businesses achieved rapid growth of 30.0%, accounting for 60.4% of the Group's total revenue, and continued to drive profit growth and leverage market opportunities to improve profitability.
H&H Sustainable Development's revenue in 2023 will be 13.93 billion yuan
ANC: Strong double-digit growth globally, with Swisse maintaining a leading position in China and Australia
ANC's total revenue reached 6.14 billion yuan, a year-on-year increase of 34.1%. Swisse China achieved strong double-digit year-on-year growth of 37.4%, accounting for 66.0% of the Group's ANC sales. Swisse continues to hold the No. 1 position in Chinese mainland's online vitamin, herbal and mineral supplements (VHMS) market. In line with the trend of consumption grading, in 2023, Swisse will further target the new needs and scenarios of nutrition and health consumption, and build "Swisse 1+3" through its high-end pharmacy-level imported nutrition brand Swisse PLUS+, nutritional food brand Swisse Me, and Little Swisse, a brand for children's health needs, which are exclusively designed for mature elites The brand strategy matrix continues to meet the refined nutrition and health needs of different consumers, helping the Swisse brand to establish a dominant position in innovative categories. In 2023, Swisse PLUS+ Milk Thistle Liver Cleansing Tablets maintained its leading position in the high-end thistle category in Chinese mainland, and the Swisse PLUS NAD+ series ranked high in the anti-aging category, and the Swisse PLUS+ series was launched in 2022 and achieved rapid growth in 2023, and has recorded a double-digit contribution to Chinese mainland ANC revenue.
H&H Sustainable Development The three major businesses performed well
BNC: The probiotics and nutritional supplements business grew steadily, and the product portfolio was upgraded to strengthen its market position
BNC's total revenue was RMB5.91 billion, with the infant probiotics and nutritional supplements business growing by 9.1% year-on-year. Consumers' demand for infant nutritional supplements has increased significantly, and Biostime has launched innovative products for the infant nutritional supplement market segment, such as lactoferrin + probiotics, DHA algal oil + ARA gel candy, calcium tablets and other nutritional supplements, accelerating the improvement of the infant nutrition matrix layout and promoting the continuous growth of the market share of infant probiotics and nutritional supplements. At the same time, Biostime continues to consolidate its leading position as a probiotic nutritional supplement brand for infants and children in Chinese mainland.
PNC: Double-digit growth in the global market, with a steady increase in share driven by omni-channel layout
PNC's total revenue reached 1.87 billion yuan, up 18.2% year-over-year. At present, the number of pets in the world is increasing day by day, the high-end pet nutrition supplements and pet humanization are on the rise, and China's pet market is in a period of rapid development of pet ownership rate and pet nutrition consumption upgrading. PNC's sales in China increased 20.8 percent year-over-year. PNC further strengthened its communication with consumers in both online and offline markets, and Solid Gold ranked second in the category of high-end premium cat food in China.
H&H Sustainable Development Obtained the B Corp certification
While pursuing business resilience, enterprises adhere to long-term sustainable development, improve their position, adapt to the times, stay close to policies, and create more social value for the public, which has become the only way for mainstream business concepts and development. H&H has also made great contributions to the development of the Group, and it is believed that under the guidance of the concept of sustainable development, H&H Group will continue to submit satisfactory answers.