Group 1 - The company, Daphne International (00210.HK), announced that it will hold a board meeting on August 20, 2025, to approve the publication of its interim results for the six months ending June 30, 2025 [1] - The board meeting will also consider the distribution of an interim dividend, if applicable [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對 其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部份 內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （於開曼群島註冊成立之有限公司） （股份代號： 210） 董事會會議召開日期 達芙妮國際控股有限公司（「本公司」）董事會（「董事會」）謹此宣佈，本公司將 於二零二五年八月二十日（星期三）舉行董事會會議，藉以（其中包括）批准刊發本 公司及其附屬公司截至二零二五年六月三十日止六個月之中期業績公告，以及考慮派 發中期股息（如有）。 承董事會命 達芙妮國際控股有限公司 公司秘書 張晋熙 香港，二零二五年八月四日 於本公告日期，董事會包括四位執行董事，分別為張智凱先生、張智喬先生、王俊剛 先生及張椀絢女士；以及三位獨立非執行董事，分別為韓炳祖先生、談大成先生及許 文冠女士。 * 僅供識別 DAPHNE INTERNATIONAL HOLDINGS LIMITED * 達 芙 妮 國 際 控 股 有 限 公 司 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 達芙妮國際控股有限公司 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00210 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.1 HKD | | 1,000,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.1 HKD | | 1,000,000,000 | 本月底法定/註冊股本總額： HKD ...

Core Viewpoint - The article discusses the resurgence of once-popular brands in the fashion industry, highlighting their strategies for adaptation and transformation in response to changing consumer preferences and market dynamics [1][2][3]. Group 1: Brand Resurgence - Many once-familiar brands have shown remarkable performance in recent years, with Daphne leading the women's shoe sales on Douyin, and brands like Meisibangwei and True Vivus experiencing significant online sales growth [5][6]. - Brands such as Camel and others are beginning to show signs of recovery despite undergoing painful transformations [6]. Group 2: Transformation Strategies - The article categorizes the transformation strategies of these brands into four types: Dolphin, Belt Fish, Octopus, and Flounder, each representing different approaches to adaptation [8]. - Dolphin-type brands actively explore new fields and shed their old images, exemplified by Camel's shift to outdoor apparel and collaborations with young influencers [8][9]. - Belt Fish-type brands focus on downsizing and outsourcing production, as seen with Daphne and Huili, which have reduced their physical stores significantly while enhancing brand management [9][11]. - Octopus-type brands, like Meisibangwei, aim to expand their reach by reopening stores in lower-tier markets while leveraging online promotions to drive foot traffic [11][12]. - Flounder-type brands, such as Bannilu and True Vivus, maintain a low profile, focusing on existing operations without aggressive expansion or contraction [12]. Group 3: Embracing E-commerce - The brands have recognized the necessity of embracing e-commerce to compete effectively, leveraging their established brand recognition to drive online sales [15]. - True Vivus has amassed 5 million followers on Taobao, with e-commerce sales accounting for over 80% of its revenue, while Daphne has developed a robust live-streaming strategy [16][18]. Group 4: Supply Chain and Product Innovation - Brands are investing in digital technologies and AI tools to enhance their supply chain efficiency, reducing design cycles and improving inventory turnover [18][21]. - Belle has successfully shortened its design cycle from 45 days to 15 days and has implemented a custom shoe service based on user data, increasing the price point of its products [18][20]. Group 5: Market Positioning and Consumer Engagement - The brands are focusing on creating premium experiences in flagship stores, which can generate significantly higher average transaction values compared to regular stores [21][22]. - In lower-tier markets, the strategies differ, with Belt Fish brands outsourcing production, which may dilute brand identity, while Octopus brands face challenges in maintaining consumer engagement [24][25]. Group 6: Future Outlook - The article suggests that the next phase of industry evolution is approaching, driven by improved logistics and changing consumer behaviors, particularly with the rise of instant retail [26][35]. - Brands must address supply chain weaknesses and re-establish connections with consumers to avoid fading into obscurity, emphasizing the importance of adapting to new market realities [37].

Group 1 - A total of 113 stocks reached a 52-week high as of July 9, with the top three being Wapstar Metaverse (08093) at 72.59%, Giant Star Legend (06683) at 48.08%, and Beihai Kangcheng-B (01228) at 46.55% [1] - Wapstar Metaverse closed at 0.233 and reached a high of 0.340, while Giant Star Legend closed at 12.440 with a peak of 17.000 [1] - Beihai Kangcheng-B had a closing price of 0.690 and a maximum price of 0.850 [1] Group 2 - Other notable stocks that reached new highs include China San San Media (08087) with a high rate of 32.70%, and Zhongshen Jianye (02503) at 27.66% [1] - The list also includes Shengli Securities (08540) at 23.71% and Heng Rui Pharmaceutical (01276) at 14.94% [1] - The data indicates a strong performance in the market, with various sectors represented among the top gainers [1] Group 3 - The report also highlights stocks that reached new lows, with the worst performer being Jiaming Group Holdings (01271) at -28.81% [3] - Other significant declines include Baiwang Shares (06657) at -23.89% and Chenxun Technology (02000) at -10.34% [3] - The report provides a comprehensive overview of market movements, indicating both highs and lows across different stocks [3]

Core Viewpoint - Nengte Technology announced two buyback plans that could lead to the cancellation of approximately 1 billion yuan worth of shares, directly enhancing the company's per-share equity [1][4]. Group 1: Buyback Plans - The company plans to use its own and self-raised funds to repurchase A-shares, with a total budget of 300 million to 500 million yuan, at a price not exceeding 4.70 yuan per share, within 12 months from the date of shareholder meeting approval [3][5]. - All repurchased shares will be canceled, leading to a reduction in registered capital, reflecting the company's confidence in its future development and recognition of its value [4][6]. Group 2: Share Cancellation Impact - Nengte Technology intends to cancel 157 million shares previously repurchased, reducing total share capital from 2.633 billion shares to 2.476 billion shares, pending shareholder approval [6]. - The cancellation of shares will increase various per-share metrics, such as revenue per share, which will rise from 4.66 yuan to 4.96 yuan, and the price-to-sales ratio will decrease from 0.74 to 0.70 [7]. Group 3: Market Performance and Future Outlook - The previous buyback helped stabilize the stock price, which had experienced a 30% decline but rebounded nearly 12% after the buyback period ended, with a recent trading halt on July 1 [8]. - Nengte Technology is currently experiencing a recovery in performance, reporting a profit of 216 million yuan in Q1 after a loss last year, and is focused on enhancing profitability through its fine chemical business [9].

Core Viewpoint - During the recent "618" shopping festival, Daphne, known as a national women's shoe brand, achieved impressive sales performance and announced the popular artist Song Qian as its global brand ambassador, which has garnered significant attention [1] Group 1: Sales Performance and Brand Strategy - Daphne ranked fifth in Tmall's sales of men's and women's shoes during the "618" festival, following Belle, Crocs, Skechers, and others [1] - The brand has maintained its position as the top seller in women's shoes on Douyin for over two years, with approximately 55% of its revenue from brand self-broadcasting, which has significantly supported sales growth [1] - In 2024, Daphne reported revenue of approximately 322 million yuan, a year-on-year increase of 23%, and a net profit attributable to shareholders of approximately 107 million yuan, reflecting a 71% increase [2] Group 2: Business Model Transformation - Daphne's continuous growth is attributed to its business model transformation initiated at the end of 2020, which involved reducing self-operated stores and adopting a "strongly controlled brand authorization" model [2] - The company has focused on controlling the overall supply chain while empowering agents to select products, ensuring product quality from the source [2] - The brand has maintained a strong national recognition, which has been a foundation for the success of its transformation [2] Group 3: Market Trends and Consumer Behavior - The women's shoe industry is experiencing a concentration of head brands, with top brands dominating the market due to their influence, supply chain efficiency, and marketing resources [3] - The consumer market is evolving into a "dumbbell" structure, with a growing demand for high-cost performance products and a flourishing high-end luxury market, while the mid-range market is being squeezed [3] - Daphne aims to expand its market share by maintaining a pricing strategy between 200 yuan and 300 yuan, targeting the mass women's shoe segment [3] Group 4: Future Strategies - The company plans to continue expanding its e-commerce channels as the proportion of e-commerce in total retail sales increases [4] - Daphne is optimistic about the Chinese retail market and will cautiously expand its offline franchise retail network, adjusting strategies based on macroeconomic conditions and store performance [4] - The brand is also exploring opportunities to enter overseas markets and plans to expand into children's shoes and bags while maintaining strong brand management [4]

Core Viewpoint - Daphne, once on the brink of bankruptcy, has made a remarkable comeback by focusing on online sales and adapting to market trends, achieving significant revenue growth and profitability in recent years [5][8][37]. Financial Performance - In 2024, Daphne reported a revenue of 322.3 million RMB, a 23% increase from 262.6 million RMB in 2023 [6][8]. - The profit attributable to shareholders reached 106.6 million RMB, marking a 71% year-on-year growth [6][8]. - Operating profit increased by 43% to 96.6 million RMB, with an operating margin of 30% [6][8]. - Cash and cash equivalents rose by 30% to 476.2 million RMB, indicating improved liquidity [6][8]. Market Position and Strategy - Daphne has become a leading brand in the online women's shoe market, ranking first in sales on Douyin since February 2023 [5][8]. - The brand has shifted from a traditional retail model to a "light asset" model, focusing on e-commerce and brand licensing [30][37]. - The introduction of the sub-brand Daphne.Lab targets younger consumers and expands the price range, with products priced up to 1,000 RMB [18][49]. Product Development and Consumer Engagement - Daphne has significantly reduced its product launch cycle, now comparable to fast fashion brands like H&M and ZARA [12][20]. - The brand's successful online strategy includes a robust promotional matrix and the establishment of 152 self-broadcast accounts for live selling [17][18]. - The company has diversified its revenue streams, with licensing fees contributing 39.4% of total revenue in 2024 [21][35]. Challenges and Future Outlook - Despite recent successes, Daphne faces challenges in maintaining brand identity and consumer loyalty, as it relies heavily on brand licensing and low-cost alternatives [41][45]. - The company plans to open one or two physical stores for its sub-brand in first-tier cities to enhance brand presence and consumer experience [49][50]. - The long-term sustainability of Daphne's business model remains uncertain, as it must balance online and offline strategies to meet consumer needs [45][48].

Financial Performance - Revenue for the year ended December 31, 2024, reached RMB 322.3 million, representing a 23% increase from RMB 262.6 million in 2023[9] - Operating profit increased by 43% to RMB 96.6 million in 2024, up from RMB 67.6 million in 2023[9] - Profit attributable to shareholders surged by 71% to RMB 106.6 million in 2024, compared to RMB 62.4 million in 2023[9] - Operating margin improved to 30.0% in 2024, up from 25.8% in 2023, reflecting a 4.2 percentage point increase[9] - Net margin rose to 33.1% in 2024, an increase of 9.3 percentage points from 23.8% in 2023[9] - Basic earnings per share increased by 59% to RMB 0.054 in 2024, compared to RMB 0.034 in 2023[9] - Proposed dividend per share doubled to HK$ 0.02 in 2024 from HK$ 0.01 in 2023[9] - Cash and cash equivalents increased by 30% to RMB 476.2 million as of December 31, 2024, up from RMB 366.3 million in 2023[9] - Current ratio improved to 3.4 times in 2024, compared to 3.0 times in 2023, indicating better liquidity[9] - Total assets increased to RMB 931.2 million in 2024, up from RMB 816.5 million in 2023[14] Market and Economic Context - In 2024, China's GDP expanded by 5.0% year-on-year, supported by effective macroeconomic regulation[18] - The retail market's full recovery is hindered by cautious consumer sentiment, necessitating additional stimulus measures[18] - Total retail sales of consumer goods in China increased by 3.5% year-on-year, reflecting cautious consumer sentiment compared to pre-pandemic levels[33] - China's GDP grew by 5.0% year-on-year in 2024, indicating a stable economic growth trajectory despite global challenges[33] - In 2024, China's online retail sales reached RMB 15.5 trillion, marking a year-on-year growth of 7.2%[34] Brand and Product Strategy - The Group optimized its brand licensing and distribution business to enhance brand competitiveness, particularly for its core brand "DAPHNE" and the new brand "DAPHNE.LAB"[18] - The avant-garde brand "DAPHNE.LAB" has successfully engaged young consumers through bold designs and collaborations, including collections showcased at Paris Fashion Week[24] - The brand's entry into children's shoes and handbags has shown encouraging initial results, creating new growth opportunities[23] - "DAPHNE" aims to diversify its product offerings, having successfully expanded into children's shoes and handbags, while also addressing challenges from rising return rates and market competition in online sales[110] - The Group's annual sales for the "DAPHNE" brand exceeded expectations, driven by new store designs and the launch of the "CloudSoft" collection[23] Digital and E-commerce Strategy - The e-commerce market continues to grow, driven by young shoppers, despite increased competition and stagnant user growth[19] - The Group strengthened its presence on traditional online platforms like "Tmall", "Vip.com", and "JD.com", while also entering emerging platforms such as "Douyin" and "Pinduoduo"[19] - Enhanced digital marketing efforts and innovative sales channels have allowed the Group to connect more effectively with younger demographics[19] - The Group's commitment to its online business strategy resulted in consistent growth and a solid foundation for future success[19] - The Group enhanced its online presence by investing in emerging platforms like "Douyin" and "Pinduoduo," achieving higher-than-expected growth and establishing itself as a top player[48] Operational Efficiency and Supply Chain - The Group's investments in supply chain optimization contributed to its resilience amid external challenges[18] - The Group achieved a significant improvement in supply chain management and quality control through digitalization and integration of shipping processes[60] - The Group is committed to optimizing its supply chain through digitization and standardization, improving quality control and efficiency[25] Corporate Governance - The Company has complied with all applicable code provisions set out in the Corporate Governance Code for the year ended December 31, 2024[141] - The Board consists of at least three independent non-executive directors, representing at least one-third of the Board, with one possessing appropriate professional qualifications in accounting and financial management[153] - The Company has adopted corporate governance practices appropriate to its business operations and growth[140] - The Board is committed to enhancing corporate governance practices and reviewing them periodically to align with statutory and professional standards[142] - The Audit Committee assists the Board in reviewing financial information, risk management, and compliance with accounting principles and laws[191] Management and Leadership - Mr. Chang Chih-Kai has been the executive director and chairman since May 2017, previously serving as CEO from April 2016 to October 2020[121] - Mr. Chang Chih-Chiao was appointed as executive director in June 2009 and became CEO in October 2020, focusing on strategy and business planning[122] - Ms. Chang Wan-Hsun has been the finance director since October 2020, with extensive experience in procurement and cost control[124] - The management team has extensive experience in various sectors, including e-commerce and finance, enhancing strategic planning capabilities[122][135] Future Outlook - Looking ahead to 2025, the Group adopts a conservative yet optimistic view on China's economic prospects, focusing on refining its business strategies[28] - The Group plans to launch the Spring 2025 "Sweet Dreams" collection and introduce a new brand ambassador to enhance brand appeal[110] - The Group intends to open one to two "DAPHNE.LAB" stores in emerging "non-traditional" first-tier cities, targeting young consumers[111] - The Group will focus on e-commerce channels to capitalize on the vibrant online retail market and explore different market segments across e-commerce platforms[111] - The overall strategy includes increasing and seamlessly integrating online and offline experiences to improve customer engagement and satisfaction[111]

Financial Performance - Revenue increased by 23% to approximately RMB 322.3 million for the year ended December 31, 2024[3] - Profit attributable to shareholders rose by 71% to approximately RMB 106.6 million[3] - Basic earnings per share increased to RMB 0.054 from RMB 0.034[5] - Operating profit increased to RMB 96.6 million, up from RMB 67.6 million[5] - Total comprehensive income for the year was RMB 107.2 million, compared to RMB 63.6 million in the previous year[6] - The group's operating revenue for the year ended December 31, 2024, was RMB 322,297,000, an increase of 22.7% from RMB 262,644,000 in 2023[17] - The revenue from licensing fees was RMB 127,045,000, up from RMB 103,623,000, representing a growth of 22.6%[17] - The revenue from merchandise sales increased to RMB 195,252,000 from RMB 159,021,000, reflecting a growth of 22.7%[17] - The total gross profit increased by 24% to RMB 162.6 million, compared to RMB 131.4 million in 2023[44] - Operating profit surged by 43% to approximately RMB 96.6 million for the year ended December 31, 2024, up from RMB 67.6 million in 2023[35] Assets and Liabilities - Cash and cash equivalents amounted to approximately RMB 476.2 million[3] - Non-current assets decreased to RMB 392.9 million from RMB 402.6 million[7] - Current assets increased to RMB 538.3 million from RMB 413.8 million[7] - Net assets rose to RMB 762.2 million from RMB 672.3 million[7] - As of December 31, 2024, contract liabilities rose significantly to RMB 54,081,000 from RMB 34,201,000, indicating business growth[18] - Trade receivables increased to RMB 16,636,000 in 2024 from RMB 14,521,000 in 2023, with net trade receivables of RMB 7,235,000 after provisions[28] - The company's trade payables remained stable at RMB 36,891,000 in 2024 compared to RMB 37,153,000 in 2023[29] - As of December 31, 2024, the equity attributable to shareholders was approximately RMB 758.5 million, an increase from RMB 668.1 million in 2023[54] - The net debt ratio remained at net cash status, with the current ratio improving to 3.4 times in 2024, up from 3.0 times in 2023[54] Dividends and Shareholder Returns - Proposed final dividend of HKD 0.02 per share[3] - The board proposed a final dividend of HKD 0.02 per share for the year ended December 31, 2024, totaling approximately RMB 37,198,000, up from RMB 17,934,000 in 2023[27] - The company plans to distribute a dividend of HKD 0.02 per share, a 100% increase from HKD 0.01 in 2023[51] - The company will suspend the transfer of shares from June 17 to June 19, 2025, for the purpose of dividend distribution[73] Market and Economic Context - China's GDP growth for 2024 was reported at 5.0%, indicating a moderate recovery despite external economic challenges[31] - Online retail sales in China reached RMB 15.5 trillion in 2024, growing by 7.2% year-on-year, reflecting the rapid development of e-commerce[32] - The retail consumption market in China saw a year-on-year growth of 3.5% in 2024, although this was lower than the GDP growth rate, indicating cautious consumer sentiment[31] Strategic Initiatives - The company continues to enhance its core brand "Daphne" and the new brand "Daphne.Lab" through strategic collaborations and innovative marketing[33] - The company is adopting a cautious approach to expansion, optimizing its online and offline networks while maintaining efficient operations[33] - The brand "Daphne" launched a brand renewal plan and appointed a new brand ambassador to enhance its market presence and consumer engagement[36] - The group is actively expanding its online presence on emerging platforms like Douyin and Pinduoduo, achieving higher-than-expected growth rates[37] - The "Daphne.Lab" brand celebrated its first anniversary and successfully attracted a loyal customer base through innovative designs and marketing[39] - The company plans to enhance its brand development by launching the "Sweet Dream Time" product series in Spring 2025 and adding new brand ambassadors[63] - The company aims to expand its e-commerce channels and explore different market segments on e-commerce platforms to increase coverage[64] - The company will open one to two "Daphne Lab" stores in newly developed "non-traditional" first-tier cities to target young consumers[64] Governance and Compliance - The board of directors confirmed compliance with the Securities Listing Rules and the Standard Code for Directors' Securities Transactions for the year ending December 31, 2024[67] - The company has adhered to all applicable provisions of the Corporate Governance Code for the year ending December 31, 2024[68] - The audit committee reviewed the consolidated financial statements for the year ending December 31, 2024, and found no discrepancies in the accounting treatments adopted[70] - The auditors, PwC, confirmed that the preliminary results announcement aligns with the audited financial statements for the year ending December 31, 2024[71] - There were no significant matters affecting the group known to the directors from December 31, 2024, to the date of the announcement[69] Operational Efficiency - The operating profit for 2024 was impacted by an increase in employee benefits expenses, which rose to RMB 46,455,000 from RMB 42,815,000, an increase of 15.4%[21] - Employee benefits expenses, including director remuneration, amounted to approximately RMB 46.5 million in 2024, a 9% increase from RMB 42.8 million in 2023[61] - The company has implemented digitalization in its workflow and integrated shipping processes to enhance efficiency and quality control[40] - The group is focusing on enhancing consumer interaction through social media collaborations and innovative marketing strategies[40] Other Financial Metrics - The financial costs for 2024 were RMB 360,000, a decrease from RMB 4,255,000 in 2023, primarily due to the absence of convertible bond interest[22] - The total other income for 2024 was RMB 51,060,000, down from RMB 59,631,000 in 2023, a decrease of 14.5%[19] - Other income decreased by 14% to approximately RMB 51.1 million, primarily due to a reduction in rental income from investment properties[46] - The fair value gain of financial assets measured at fair value through profit or loss was approximately RMB 0.3 million in 2024, compared to RMB 1.1 million in 2023[53] - The current ratio improved to 3.4 from 3.0, indicating better liquidity[42]