Group 1 - The core viewpoint of the article is that BaWang Group (01338) reported its mid-year results for 2025, showing a total revenue of approximately 120 million, which represents a year-on-year increase of about 9.3% [1] - The company recorded a loss attributable to owners of approximately 2.8 million, marking a shift from profit to loss compared to the previous year [1] - The loss per share is reported at 0.09 [1]

Core Viewpoint - The company reported a mid-year performance for 2025, showing a total revenue of approximately 120 million, which represents a year-on-year increase of about 9.3% [1] Financial Performance - Total revenue reached approximately 120 million, reflecting a year-on-year growth of about 9.3% [1] - The company recorded a loss attributable to shareholders of approximately 2.8 million, marking a shift from profit to loss compared to the previous year [1] - Earnings per share were reported at a loss of 0.09 [1]

Core Viewpoint - The announcement from BaWang Group indicates a mixed financial performance for the six months ending June 30, 2025, with revenue growth but a shift from profit to loss [1] Financial Performance - Total revenue for the group was approximately RMB 120.1 million, representing a year-on-year increase of about 9.3% [1] - Revenue from e-commerce channels reached approximately RMB 67.6 million, showing a year-on-year increase of about 21.5% [1] - The loss attributable to the owners of the company for the period was approximately RMB 2.8 million, compared to a profit of approximately RMB 1.2 million in the same period last year [1] - Basic and diluted loss per share was approximately RMB 0.09 [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 會就 本 公 告 全 部 或 任 何部 分 內 容 而 產 生 或因依賴該等內容而引致的任何損失承擔任何責任。 BaWang International (Group) Holding Limited 霸 王 國 際（ 集 團 ）控 股 有 限 公 司 * （ 於開曼群島註冊成立之有限公司） （股份代號：01338） 截至二零二五年六月三十日止六個月之中期業績報告公告 霸王國際（ 集團）控股有限公司（「本公司」）之董事（「董事」）會（「董事會」）謹公 佈本集團（「本集團」或「我們」）及其附屬公司截至二零二五年六月三十日止六 個月之未經審核綜合中期業績，連同去年同期之比較數字。 董事會茲提述本集團日期為二零二五年七月十七日的盈利預警。下文載列 本集團截至二零二五年六月三十日止六個月的未經審核綜合業績概要： 本集團的總收入約人民幣120.1百萬元，較去年同期約人民幣109.8百萬元增 ...

Group 1 - The company,霸王集团, will hold a board meeting on August 29, 2025, to consider and approve its interim results for the six months ending June 30, 2025 [1] - The meeting will also address the potential declaration of an interim dividend, if applicable [1]

董事會會議日期 霸王國際(集團)控股有限公司(「本公司」)董事會(「董事會」)謹此公佈，本公 司將於二零二五年八月二十九日(星期五)舉行董事會會議，藉以(其中包括)考慮 及批准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報 告，以及考慮派發中期股息（如有）。 承董事會命 霸王國際（集團）控股有限公司 黃善榕 公司秘書 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，概不對因本公告全部或任何部份內容 而産生或因依賴該等內容而引致的任何損失承擔任何責任。 BaWang International (Group) Holding Limited 霸王國際(集團)控股有限公司* （於開曼群島註冊成立之有限公司） （股份代號 ：01338） 香港，二零二五年八月十三日 * 僅供識別 於本公佈日期 ，董事會由三名執行董事陳啟源先生 、陳正鶴先生及黃善榕先生，以及三名 獨立非執行董事張建榮先生、劉婧博士及朱達凱先生组成。 ...

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佈的內容概不負責，對其準確性或完整性亦不發表 任何聲明，並明確表示，概不就因本公佈全部或任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任 何責任。 本公告亦由本公司根據上市規則第14.36條和第14A.35條之附注所刊發，二零二一年租賃協議之 第二次修訂構成對之前已披露的關連交易條款之變更。 BaWang International (Group) Holding Limited 霸王國際（集團）控股有限公司* ( 於開曼群島註冊成立的有限公司 ) (股份代號: 01338) 關連交易 二零二一年租賃協議之第二次修訂 二零二一年租賃協議之第二次修訂 於二零二五年八月一日，霸王廣州簽訂二零二五年補充租賃協議，對二零二二年補充租賃協議（該 協議對二零二一年租賃協議作出修訂）的條款進行修訂：(1) 同意設定自二零二五年八月一日起 至二零二五年九月三十日止的免租期； 及（2）將月租金相應減少，從人民幣943,699元降為人民 幣715,876元。 根據二零二五年八月一日生效之租賃條款修訂，本集團二零二一年租賃協議(經二零二二年補充 租賃協議修訂後)項下根據 ...

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: 霸王國際(集團)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) | 01338 | 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 (-) | | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.1 | HKD | | 1,000,000,000 | ...

Financial Performance - The total revenue for the year ended December 31, 2024, was approximately RMB 253.0 million, representing an increase of approximately 6.4% from RMB 237.7 million in 2023[25]. - The operating profit for 2024 was approximately RMB 7.6 million, a decrease from approximately RMB 14.9 million in 2023[25]. - The net profit for the year was approximately RMB 6.6 million, down from approximately RMB 13.6 million in 2023[26]. - The gross profit margin improved to 50.9% in 2024 from 50.4% in 2023[6]. - The net profit margin decreased to 2.6% in 2024 from 5.7% in 2023[6]. - Basic earnings per share for 2024 were RMB 0.2073, compared to RMB 0.4309 in 2023[6]. - Selling and distribution costs increased to RMB 94.9 million in 2024 from RMB 81.1 million in 2023[6]. - Administrative expenses rose to RMB 29.4 million in 2024, compared to RMB 27.6 million in 2023[6]. - The profit attributable to the owners of the company for the fiscal year 2024 is approximately RMB 6.6 million, a decrease of about 51.9% compared to RMB 13.6 million in fiscal year 2023[124]. Revenue Sources - Revenue from shampoo and hair-care products was RMB 230.4 million in 2024, up from RMB 217.7 million in 2023[9]. - Revenue from the online sales channel was approximately RMB 135.9 million, an increase of approximately 7.7% from RMB 126.2 million in 2023[87]. - The core brand, Bawang, generated approximately RMB 240.9 million in revenue, accounting for approximately 95.2% of the Group's total revenue, with a 4.0% increase compared to 2023[88]. - The Royal Wind anti-dandruff hair-care series generated approximately RMB 2.4 million in revenue, accounting for approximately 1.0% of total revenue, with a 19.3% increase from 2023[93]. - The Litao natural-based product series generated approximately RMB 9.6 million in revenue, accounting for approximately 3.8% of total revenue, with a significant increase of approximately 146.0% from 2023[94]. Market Strategy - The company plans to focus on expanding its product categories and enhancing brand presence in the market[25]. - The Group aims to strengthen its business model and positioning to acquire market shares from competitors, maintaining a multi-brand and multi-product strategy[39]. - The company continued to promote its Bawang branded products, emphasizing the brand concept of "Daunted by hair-fall, Use Bawang Shampoo" to enhance consumer understanding[46]. - The company utilized social media platforms like Weibo, Douyin, Kuaishou, and Xiaohongshu for word-of-mouth marketing, which stimulated customer interest and accelerated sales growth[46]. - New anti-hair fall shampoo products with fresh packaging were launched to attract young consumers, aligning with their preferred lifestyles[49]. - Various marketing activities, including quizzes and educational webinars on hair health, were conducted to enhance brand recognition and consumer preference for Bawang products[49]. - The company participated in community welfare events while promoting its brand image, further enhancing brand visibility[49]. Distribution and Sales Channels - The distribution network for the Bawang brand includes approximately 837 distributors and three key retailers, covering 27 provinces and four municipalities in China as of December 31, 2024[61]. - The Royal Wind brand distribution network also comprises approximately 837 distributors, primarily targeting online sales channels[62]. - The Litao products distribution network includes approximately 795 distributors, focusing on consumers in second-tier and third-tier cities in China[63]. - The company established 11 online retail platforms for its brands, with two new platforms launched during the review year[66]. - The company recorded significant same-store sales growth in JD direct-operated stores and expanded its live-streaming team, enhancing its e-commerce distribution channels[59]. Financial Management - The Group has implemented measures to manage credit risks, resulting in a reversal of impairment losses of approximately RMB 1.7 million for trade receivables[74]. - The Group maintains sufficient cash and cash equivalents to manage liquidity risks effectively[76]. - The Group closely monitors foreign exchange risks due to sales in foreign currencies and considers hedging when appropriate[77]. - The Group's bank balances, time deposits, and cash as of December 31, 2024, were approximately RMB 120.3 million, an increase from RMB 88.3 million in 2023[153]. - The Group's total assets as of December 31, 2024, were approximately RMB 235.4 million, compared to RMB 230.3 million in 2023[155]. Corporate Governance - The Board of Directors comprised six members as of December 31, 2024, including the Chairman and the CEO[185]. - The Group has complied with the applicable code provisions of the Corporate Governance Code for the year ended December 31, 2024[183][188]. - The Board consists of six members, including Chairman Mr. CHEN Qiyuan and CEO Mr. CHEN Zheng He, with responsibilities including approving the overall strategy and monitoring performance[190]. - The Board held six meetings in 2024, with all directors attending the majority of them, ensuring active participation in governance[194]. - The Company has adopted a Nomination Policy and a Diversity Policy to enhance board diversity and ensure independent views are represented[195]. Future Outlook - The Group plans to regain sales growth momentum and profitability by building a management team with strong experience in both domestic and global sectors[39]. - Projections for retail sales growth in 2025 indicate an increase of 4.0% to 5.0% due to government subsidies and merchant discounts[38]. - The corporate theme for 2025 is "Striving Forward in Full Power!" with strategies focused on enhancing publicity and promoting Bawang-branded products to increase sales revenue[131]. - The company plans to strengthen publicity around patented technologies, particularly focusing on the anti-hair loss product line to boost sales[131]. - The Group will leverage Pinduoduo's official 10-billion-yuan subsidy program to stimulate sales growth on that platform[138].

日前，霸王集团（01338.HK）发布2024年度财报。报告显示，霸王集团2024年总营业额约为2.53亿元，同比增长6.4%，但净利润却从2023年的1360万元骤 降至660万元，同比下滑51.9%。 事实上，霸王集团这种压力2024年上半年已现端倪——彼时霸王集团曾发布盈利预警，预计上半年净利润同比降幅高达70%-80%，全年业绩最终未能扭转颓 势。 霸王集团的困境或与其所处的防脱发洗护赛道竞争加剧密切相关。近年来，以养元青、珀莱雅旗下off & relax为代表的新锐品牌，凭借成分创新、年轻化营 销和电商渠道快速崛起，分食市场份额。 这一"增收不增利"的业绩表现，折射出这家曾以"防脱发"概念风靡市场的传统品牌，在激烈竞争中面临的转型压力与成本困境。 从2024年数据看，霸王集团营业额的微增主要得益于生产端成本优化措施，例如引入太阳能设备降低能耗，以及折旧费用的减少。 然而，霸王集团利润的大幅缩水则暴露出更深层的经营挑战。财报指出，为应对电商渠道和新锐品牌的冲击，霸王集团在抖音、京东等平台大幅增加促销推 广费用，同时持续加码研发投入和行政开支，导致销售及分销成本攀升，蚕食了利润空间。 作为中国防脱洗发水 ...