The Zhitong Finance App learned that Vitasoy International (00345) rose by more than 6%. As of press release, it had risen 6.15% to HK$7.42, with a turnover of HK$31.754 million.

According to the news, Vitasoy International announced that the Group expects profit attributable to equity holders to be HK$106 million to HK$126 million for the fiscal year ending March 31, 2024, an increase of approximately 132% to 176% over the previous year. According to the announcement, the main reason for the increase is a sharp increase in operating profit from mainland China business.

The Zhitong Finance App is in “Disassembling Vitasoy International (00345) Latest Financial Report: Crazy “Roll” Drinks?” China pointed out that judging from the size of the market, the current soft drink circuit is already showing a mature stage of “slow growth.” The soft drink industry has a large number of segments, the market is scattered, and competition within the industry is fierce. Vitamin Milk's two main products, “Vitamin Soy Milk” and “Lemon Tea,” are also facing fierce competition. At a time when valuations have yet to stabilize and on an increasingly “rolling” circuit, the mainland market has probably limited room for a rebound in Vitasoy, which has yet to actually recover.