Grape King Bio reported revenue of NT$920 million for March, reflecting a 45.33% increase from the previous month and a 3.93% decline year-on-year. First-quarter revenue totaled NT$2.25 billion, down 4.06% year-on-year. As the industry enters its peak season, the parent company is preparing to ship new formulations for a major OEM client in Q2. Meanwhile, subsidiary PRO-PARTNER has entered its seasonal promotion and distributor upgrade phase, and Grape King Shanghai continues expanding sales and distribution of its own branded products. New OEM orders are expected to begin rolling out in April, which will help boost contract manufacturing revenue and improve the overall gross margin structure.
In addition, Grape King's R&D team has achieved a significant milestone with the successful pilot production of Taiwan's first "slim bacteria" strain, reaching one trillion AFU/gram—opening up new clinical research opportunities. With each business unit working in concert, the company is optimistic about revenue growth in Q2 and remains confident in its full-year business outlook.
The company stated that the parent unit in Taiwan continues to see strong performance in OEM business, driven by domestic and international demand for mushroom-based and probiotic ingredients and health supplements. This led to an 82.47% year-on-year increase in March revenue and a 68.66% rise for Q1.
Although sales of its own branded products were impacted in March by a high inventory base following last year’s price adjustment for functional beverages, OEM growth helped lift the parent company's total revenue by 1.33% year-on-year. With the exclusive launch of the “Super Probiotic 7” drink at leading convenience store chains and multiple new products in the pipeline, sales are expected to gradually pick up and maintain steady growth.
Subsidiary PRO-PARTNER saw a 3.44% year-on-year revenue decline in March and a 5.84% drop for Q1. Grape King Shanghai reported a 12.95% decrease in March revenue due to weaker OEM demand compared to the same period last year and end-of-quarter shipment pacing adjustments in its distribution business (“Grape Troops”). Its sparkling beverage line using a carbonated production line is currently undergoing logistics testing and is expected to begin commercial production in Q2.
Grape King Shanghai also revealed that it has recently received a wave of inquiries from clients interested in herbal and functional sparkling drinks. The company will continue accelerating client development and product launches. Anticipating strong beverage demand in the region, Grape King has also kicked off smart vending machine partnerships in South China starting in March.
Resource: 葡萄王生技3月營收月增45.33％ 產業旺季與研發新機看優Q2營收
