Message from Chairman

Message from Chairman

Chin Huay Public Company Limited

Dear Shareholders

The global economy expanded at a slower pace in 2024 compared to the previous year, primarily due to tight financial conditions in the United States and Europe, the crisis in China's real estate market, and subdued growth in the U.S. economy, driven by reduced private sector domestic investment and a decline in exports. The Thai economy, however, grew by 2.5 percent, accelerating from a 2 percent expansion in 2023, supported by the recovery of the tourism sector, increased private consumption, and the normalization of various economic activities.

Founded in 1925, the Company began its operations in the manufacturing and distribution of fish sauce, soy sauce, and canned food products. A century later, it successfully achieved in accordance with its vision and mission of becoming a leader in the production and distribution of high-quality food products, continuously innovating to meet customer needs at fair prices. The Company's financial performance reached an all-time high, with revenue of 2,275 million baht, reflecting a 24.55 percent increase year-on-year, and a net profit of 127.15 million baht, marking a 125.44 percent rise year-on-year. This outstanding performance underscores the Company's commitment to product excellence, innovation, and strategic management, demonstrating its agility in navigating economic challenges and uncertainties. The Company has also effectively managed costs through proactive strategies, including stringent control over sales, administrative, and financial expenses.

Proud Journey Toward a Century of Excellence

A Century of Pride

Although the Thai economy in 2025 is projected to grow at a slightly slower rate than the previous year, and despite risks stemming from trade conflicts, geopolitical challenges, and economic slowdowns among key trading partners, the Company remains focused on achieving revenue growth beyond the previous year’s target while maintaining its gross profit margin. The Company is committed to sustained and steady expansion, emphasizing the retention of its existing customer base and the expansion of its consumer market both domestically and internationally, particularly in the United States and Europe.

To strengthen its competitive position, the Company is accelerating efforts to develop new products, increasing product variety to meet evolving consumer demands while differentiating itself from competitors. This initiative reinforces the Company’s ambition to remain a market leader in the production and distribution of dried fruits, canned fish, and healthy snacks, upholding a legacy of excellence and innovation for a century.

The Company is also dedicated to advancing its sustainability initiatives, guided by the philosophy of the tree: “We will grow steadily and sustainably, providing shade to all.” This commitment extends across environmental, social, corporate governance, and economic dimensions, with clear sustainability targets set to measure progress. The Company remains steadfast in its dedication to addressing stakeholder expectations while aligning with the United Nations Sustainable Development Goals (SDGs).

Appreciation to Stakeholders

On behalf of the Board of Directors, I would like to express my sincere gratitude to our partners, customers, shareholders, and all stakeholders for their continued trust and support. I also extend my appreciation to our executives and employees for their dedication and teamwork in driving the Company forward in line with its vision and mission. We will continue to uphold ethical business practices and strong corporate governance, ensuring sustainable growth, global recognition of our products, and long-term value creation for our shareholders.

Mr. Pichit Burapavong
Chairman