RE: By health30 Jul 2020 13:13
“On the evening of July 29, Byhealth Co., Ltd. (300146.SZ, hereinafter referred to as "Byhealth" or "the Company") disclosed the 2020 semi-annual performance report. According to the report, the Company's operating revenue from January to June this year was 3.125 billion Yuan, a year-on-year increase of 5.23%, and the net profit attributable to shareholders of listed company was 962 million Yuan, a year-on-year increase of 10.96%. As a global leader in Vitamin & Dietary Supplements (VDS), Byhealth has overcome several external adverse factors, shown steady momentum and sustained growth in the 2020 semi-annual examination.”
Since the outbreak of COVID-19, the domestic consumer market has been impacted to varying degrees. As Byhealth stated in the report, due to the pandemic, the Company's production, marketing, and new product launch in the first half of the year have been delayed compared to the normal schedule, and the off-line business of the Company has also been affected to a certain extent. In the first half of the year, the Company's domestic off-line channel revenue fell by 4.35% year-on-year, while on-line business achieved rapid growth, with domestic on-line channel revenue increased by 46.83% year-on-year. Despite the global spread of the COVID-19 and the existence of repeated outbreak in Australia, the development of cross-border e-commerce platforms has brought new impetus to the business growth of LSG in Australia. In the first half of the year, LSG's overseas business achieved operating income of A$66 million, a year-on-year increase of 16.74%, and a year-on-year increase of 30.73% after the inter-segment offset. “