Health and Happiness (H&H) International (1112) Investor Day 2026 summary

Strategic partnership and business overview

• Emphasis on a 15-year strategic partnership with Isigny, a key supplier and partner, underpinning growth in infant milk formula (IMF) and global expansion, especially in China and France.

• IMF is the second-largest business segment, representing about one-third of total revenue, and is a critical growth pillar.

• Biostime brand has achieved top market positions: number five in China and number one in France's pharmacy channel for organic IMF, with nearly 50% market share.

• The partnership is built on mutual trust, quality, and long-term investment, not just supply contracts.

• Isigny’s cooperative model ensures quality, sustainability, and reinvestment in operations and farmers.

Financial performance and guidance

• Q1 group revenue grew 34% year-on-year, with Baby Nutrition up over 60% and IMF up over 72%.

• Pediatric probiotics and kids nutrition returned to strong double-digit growth at 23%.

• Adult Nutrition and Care (ANC) business grew 26% overall, with China up 33% and Australia up 16.5%.

• Pet nutrition, mainly Zesty Paws in North America, grew 17% and now accounts for 11.6% of group revenue.

• Strong cash reserves (2.1 billion RMB) and significant deleveraging achieved, with over 300 million RMB debt reduction in Q1 and a full-year target of 700 million RMB.

Product innovation and market strategy

• Biostime IMF’s growth is driven by high-quality, science-based formula design, including the launch of HMO products with the highest 2'-FL dosage in China.

• The brand focuses on consumer-centric communication, targeting new-generation mothers and early-stage consumer recruitment.

• The unique Normandy cow breed provides milk with higher A2 protein and OPO levels, differentiating the product from competitors.

• Manufacturing uses patented spray-drying technology for superior dissolving speed and quality.

• The company maintains a strong focus on quality, traceability, and sustainability, including B Corp certification and environmental initiatives.