LANCANG TEA (06911) releases annual performance, achieving a revenue of 2.19 billion yuan, and won the title of "National Key Leading Enterprise in Agricultural Industrialization".

Lancang Tea (06911) released its annual performance for the year ending December 31, 2025. The Group achieved a revenue of 219 million yuan, with a net loss attributable to equity holders of 91.0051 million yuan, a significant decrease of 70.41% year-on-year; basic loss per share was 0.69 yuan. According to the announcement, in 2025, the company continued to focus on its core business, promote the tea industry and tea culture, and was awarded the title of "National Key Leading Agricultural Industrialization Enterprise" by the Ministry of Agriculture and Rural Affairs of China. The China Tea Circulation Association also awarded the company the title of "Leading Enterprise in Promoting Rural Revitalization in the 2025 Pu'er Tea Industry", and the China Red Cross Society awarded the company with the "Contribution to the Chinese Red Cross Cause Award". In the same year, the company's products were awarded the "STC High Quality 'Positive' Mark Certification" by the Hong Kong Certification Center, and were listed on the "Panda Guide China's Fine Ingredients List" by Dinghe Jingmai 001. Meanwhile, some outstanding employees of the company also received honors at the national and provincial levels, demonstrating the recognition of the company's active fulfillment of social responsibility by government departments and various sectors of society. Reasons for the decrease in net loss: After evaluation and audit procedures, the Group's impairment loss for the year 2024 amounted to 2.111 billion yuan, while the impairment loss for the year 2025 amounted to 1.3 million yuan, a significant decrease; the Group reduced costs and expenses through cost reduction and efficiency enhancement measures. In the fiscal year 2025, although the company's revenue declined, the Group reduced operating costs by 35.6% and all expenses also decreased synchronously, with sales expenses decreasing by 48.5%. It is worth mentioning that during the reporting period, the company followed the development trend of key account clients (KA clients), fully utilized its brand advantage, product design and development capabilities, and rich raw material reserves, focusing on breaking through membership system hypermarkets and well-known tea drink production enterprises. In the 2025 fiscal year, the total operating income from large customer channels reached 55 million yuan, an increase of 1.0% compared to the same period in 2024.