IFBH (06603) dropped more than 9%, hitting a record low of HK$20.8 since its listing, marking a 50% decline from its peak post-IPO. As of press time, the stock fell 9.23% to HK$20.86, with a turnover of HK$52.16 million.
In the first half of the year, IFBH reported revenue of $94.464 million, up 31.49% year-on-year, while net profit attributable to shareholders declined 4.82% to $14.976 million. Gross margin contracted by 4.7 percentage points to 33.7%.
Analysts noted that China's coconut water market remains fragmented, with IFBH holding a leading position. Compared to global leader Vita Coco, IFBH demonstrates stronger upstream integration and profitability but weaker downstream control.
Despite intensified competition in the fast-growing industry, IFBH maintains its leadership with first-mover advantages—leveraging brand recognition and product quality. While facing competitive pressures, its market position remains relatively stable. However, enhancing channel control will be crucial to sustaining long-term growth.
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