智通财经APP讯，布鲁可(00325)发布公告，于2025年8月29日，该公司斥资530.97万港元回购5.01万股。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 布魯可集團有限公司 呈交日期： 2025年8月29日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 不適用 | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 00325 | 說明 | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | 事件 | | 已發行股份（不包括庫存股份）數 目 | 佔有關事件前的現有已發 行股份（不包括庫存股 ...

Investment Rating - The report maintains a "Buy" rating for the company [1][10]. Core Insights - The company has shown significant growth in overseas revenue, with a year-on-year increase of 898.56% in H1 2025, primarily driven by markets in the United States and Indonesia [9]. - The company is focusing on expanding its IP matrix and targeting a broader age demographic, with 82.6% of revenue coming from the 6-16 age group and 14.8% from those over 16 years old [6]. - The adjusted net profit for H1 2025 is reported at 3.20 billion RMB, reflecting a year-on-year increase of 9.6% [5]. Financial Performance - H1 2025 revenue reached 1.338 billion RMB, representing a year-on-year growth of 27.9% [5]. - The gross profit margin for H1 2025 is 48.39%, a decrease of 4.5 percentage points compared to the previous year [5]. - The company has launched 925 SKUs as of H1 2025, with 243 new SKUs introduced in the first half of the year [6]. Revenue Breakdown - Online sales revenue in H1 2025 was 1.08 billion RMB, up 44.6% year-on-year, accounting for 8.06% of total revenue [7]. - Offline sales revenue reached 12.30 billion RMB, a year-on-year increase of 26.6%, making up 91.91% of total revenue [7]. - The company’s revenue from the lower-tier market has shown strong growth, with products priced at 9.9 RMB generating 2.16 billion RMB in revenue during H1 2025 [6]. Future Projections - Revenue forecasts for 2025-2027 are projected at 34.18 billion RMB, 47.16 billion RMB, and 57.25 billion RMB respectively [9]. - The adjusted net profit is expected to grow to 8.08 billion RMB in 2025, 11.40 billion RMB in 2026, and 13.97 billion RMB in 2027 [9]. - The report anticipates a continued increase in market share for the company as a leading player in the building block toy sector [9].

Core Viewpoint - The company reported a significant increase in revenue and adjusted net profit for the first half of 2025, driven by IP commercialization and product structure optimization [1][2][4] Group 1: Financial Performance - The company achieved revenue of 1.338 billion yuan in the first half of 2025, a year-on-year increase of 27.9% [1] - Gross profit reached 647 million yuan, up 16.9% year-on-year, while the gross margin decreased by 4.5 percentage points to 48.4% [1][4] - Adjusted net profit was 320 million yuan, reflecting a 9.6% year-on-year increase, with an adjusted net profit margin down 4.0 percentage points to 23.9% [1][4] Group 2: IP Commercialization and Product Structure - As of June 30, 2025, the company had commercialized 19 IPs, with a total of 925 SKUs, including popular IPs like Minions and Detective Conan [1] - The revenue contribution from the top four IP products accounted for 83.1% of total revenue, down from 92.3% in the same period of 2024 [1] - The revenue share from products targeting consumers aged 16 and above increased from 10.4% to 14.8% year-on-year [1] Group 3: Sales Channels and Market Expansion - Offline sales generated 1.230 billion yuan, a 26.6% year-on-year increase, representing 91.9% of total revenue [2] - Online sales reached 108 million yuan, up 44.6% year-on-year, driven by increased sales volume and revenue from consumers aged 16 and above [3] - The company’s overseas sales surged to 111 million yuan, a remarkable increase of 898.6% year-on-year, with significant contributions from markets like the US and Indonesia [3] Group 4: Cost and Investment - The cost of goods sold increased by 34.2% due to higher sales volume, contributing to the decline in gross margin [4] - R&D expenses rose by 69.5%, reflecting the company's commitment to enhancing its product offerings, with the R&D team growing by 81.0% to 599 employees [4] Group 5: Future Outlook - The company expects overall revenue for 2025-2027 to be 3.4 billion, 4.59 billion, and 6.02 billion yuan, representing year-on-year growth of 51.6%, 35.1%, and 31.2% respectively [4] - Adjusted net profits for the same period are projected to be 780 million, 1.02 billion, and 1.3 billion yuan [4]

Core Viewpoint - The company is a leading player in the domestic building block toy market, showing strong growth potential driven by popular IP resources, commercialization capabilities, channel expansion, and overseas market penetration [1][3]. Financial Performance - In H1 2025, the company's total revenue reached 1.34 billion, representing a 27.9% increase, with adjusted net profit of 320 million, up 9.6%, and an adjusted net profit margin of 23.9%, down 4.0 percentage points [1]. - The gross profit margin for H1 2025 was 48.4%, a decrease of 4.5 percentage points compared to the previous year [2]. Revenue Breakdown - By product category, building block toy revenue was 1.33 billion, up 29.5%, while other toy categories saw a decline [1]. - Revenue from offline channels was 1.23 billion, up 26.6%, with distribution sales contributing 1.21 billion, and online channel revenue reached 110 million, up 44.6% [1]. - Domestic sales accounted for 1.23 billion, an 18.5% increase, while overseas sales skyrocketed to 110 million, up 899%, with significant contributions from Asia and North America [1]. Product Innovation and Market Strategy - The company signed 13 new IP agreements and commercialized 19 IPs, with 925 SKUs launched, contributing 53.1% to revenue [2]. - The proportion of products targeting the 16+ age group increased to 14.8%, up 4.4%, while products for ages 6-16 contributed 82.6% to revenue [2]. - Low-priced products priced at 9.9 RMB generated 220 million in revenue, selling 48.6 million boxes, effectively driving customer traffic [2]. Cost Structure and Profitability - The increase in R&D investment led to a decline in gross and net profit margins, with R&D expenses at 9.6% of revenue, up 2.4 percentage points [2]. - Selling expenses rose to 13.2%, up 1.7 percentage points, while administrative expenses decreased significantly due to reduced one-time stock compensation and listing costs [2]. Investment Outlook - The company is expected to maintain high revenue growth due to its strong market positioning, IP resource management, and ongoing product innovation [3]. - Adjusted net profit forecasts for 2025, 2026, and 2027 are set at 770 million, 1.08 billion, and 1.34 billion, respectively, with a "strong buy" rating maintained [3].

Performance Summary - SF Holding reported a revenue of 146.858 billion yuan, a year-on-year increase of 9.26%, and a net profit of 5.738 billion yuan, up 19.37% year-on-year [2] - Shanghai Pharmaceuticals achieved a revenue of 141.593 billion yuan, a growth of 1.56%, with a net profit of 4.459 billion yuan, increasing by 51.56% [2] - New China Life Insurance's revenue reached 69.429 billion yuan, a 25.5% increase, and a net profit of 14.799 billion yuan, up 33.5% [2] - Huadian International Power's revenue was 59.953 billion yuan, down 8.98%, while net profit increased by 13.15% to 3.904 billion yuan [2] - China Pacific Insurance reported a revenue of 55.964 billion yuan, a slight increase of 0.2%, and a net profit of 6.764 billion yuan, up 12.2% [2] - CITIC Securities had a revenue of 46.552 billion yuan, a 16.28% increase, and a net profit of 13.719 billion yuan, up 29.79% [2] - Beijing Enterprises Holdings reported a revenue of 44.529 billion yuan, a 5.2% increase, and a net profit of 3.404 billion yuan, up 8.1% [2] - Li Auto's vehicle sales revenue for Q2 2025 was 28.9 billion yuan, down 4.7%, with a net profit of 1.093 billion yuan, a decrease of 0.9% [2] - Huishang Bank reported a revenue of 21.157 billion yuan, a 2.25% increase, and a net profit of 9.109 billion yuan, up 5.55% [2] - SMIC achieved a revenue of 4.456 billion USD, a 22% increase, with a net profit of 320 million USD, up 35.6% [2] - China Galaxy Securities reported a total revenue of 18.798 billion yuan, an 18.92% increase, and a net profit of 6.488 billion yuan, up 47.86% [2] - Zhongjun Group Holdings had a revenue of 18.521 billion yuan, down 25.4%, with a net loss of 3.48 billion yuan, a narrowing of 5.5% [2] - BeiGene reported a revenue of 2.433 billion USD, a 44.7% increase, and a net profit of 95.59 million USD, turning from a loss of 372 million USD [2] - SF Express City reported a revenue of 10.236 billion yuan, up 48.8%, and a net profit of 137 million yuan, up 120.4% [2] - China Shipbuilding Defense reported a revenue of 10.173 billion yuan, a 16.54% increase, and a net profit of 526 million yuan, up 258.46% [2] - Qingdao Port reported a revenue of 9.434 billion yuan, a 4.04% increase, and a net profit of 2.842 billion yuan, up 7.58% [2] - Shanghai Industrial Holdings reported a revenue of 9.476 billion yuan, down 8.6%, and a net profit of 1.042 billion yuan, down 13.2% [2] - Everbright Securities reported a revenue of 7.481 billion yuan, a 17.7% increase, and a net profit of 1.683 billion yuan, up 21% [2] - Baozun reported a revenue of 4.617 billion yuan, a 5.63% increase, with a net loss of 97.04 million yuan, narrowing [2] - Sichuan Chengyu Expressway reported a revenue of 4.08 billion yuan, down 23.3%, and a net profit of 838 million yuan, up 20.1% [2] - Baideli Holdings reported a revenue of approximately 3.813 billion yuan, down 10.9%, and a net profit of 7.1 million yuan, down 79.1% [2] - Tigermed reported a revenue of 3.25 billion yuan, down 3.21%, and a net profit of 383 million yuan, down 22.22% [2] - Zhengli New Energy reported a revenue of 3.172 billion yuan, a 71.9% increase, and a net profit of 220 million yuan, turning from a loss of 130 million yuan [2] - Sensong International reported a revenue of 2.687 billion yuan, down 22.7%, and a net profit of 338 million yuan, down 10.15% [2] - Dasheng Holdings reported a revenue of approximately 2.593 billion yuan, a 27% increase, and a net profit of 65.924 million yuan, up 504.4% [2] - SenseTime reported a revenue of 2.358 billion yuan, a 35.6% increase, with a gross profit of 908 million yuan, up 18.4%, and an adjusted net loss of 1.162 billion yuan, narrowing by 50% [2] - Ruian Real Estate reported a revenue of 2.074 billion yuan, flat year-on-year, with a net profit of 51 million yuan, down 29.2% [2] - Shangri-La Asia reported a revenue of 1.056 billion USD, a 0.7% increase, and a net profit of 57.9 million USD, down 38.7% [2] - Quanfeng Holdings reported a revenue of 912 million USD, an 11.9% increase, and a net profit of 95.217 million USD, up 54.8% [2] - COSCO Shipping Ports reported a revenue of 806 million USD, a 13.6% increase, and a net profit of approximately 182 million USD, up 30.6% [2] - Tianjin Development reported a revenue of 1.719 billion yuan, down 5.59%, and a net profit of 344 million yuan, up 19.57% [2] Company News - Sillodic Pharmaceuticals successfully administered the new radiolabeled drug 3D1015 to patients with PSMA-positive metastatic castration-resistant prostate cancer, demonstrating safety and preliminary efficacy [2] - Shoucheng Holdings signed a strategic cooperation framework agreement with Alter and Alrite to jointly promote breakthroughs in robotics technology, scene implementation, and industrial chain collaboration [2]

Group 1 - The company, Blukoo, announced a share buyback on August 28, repurchasing 109,800 shares at a price range of HKD 102.500 to HKD 107.900, totaling HKD 11.47 million [1] - The stock closed at HKD 103.600 on the same day, reflecting a decline of 2.72%, with a total trading volume of HKD 178 million [1] - Since August 27, the company has conducted buybacks for two consecutive days, accumulating a total of 214,800 shares repurchased and a total expenditure of HKD 23.04 million, during which the stock price has decreased by 6.75% [1] Group 2 - The buyback details include the repurchase of 105,000 shares on August 27 at a maximum price of HKD 121.000 and a minimum price of HKD 106.100, amounting to HKD 11.57 million [1] - The buyback activity indicates the company's strategy to support its stock price amid recent declines [1]

格隆汇8月28日丨布鲁可(00325.HK)公告，8月28日耗资1147.1万港元回购11万股。 相关事件 布鲁可(00325.HK)8月28日耗资1147.1万港元回购11万股 布鲁可(00325.HK)8月27日耗资1157万港元回购 10.5万股 ...

布鲁可(00325)公布，2025年8月28日耗资约1147.07万港元回购10.98万股股份。 ...

智通财经APP讯，布鲁可(00325)公布，2025年8月28日耗资约1147.07万港元回购10.98万股股份。 ...