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8月31日 狀態: 新提交 致：香港交易及結算所有限公司 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) | 01906 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 3,000,000,000 | USD | | 0.01 | USD | | 30,000,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 3,000,000,000 | USD | | 0.01 | USD | | 30,000,000 | 本月底法定/註冊股本總額： USD 30,000,000 FF301 第 1 頁 共 ...

Core Viewpoint - Bonny Holdings (01906) reported a significant decline in revenue and profit for the six months ending June 30, 2025, primarily due to adverse effects from U.S. tariff policies and a weak domestic economy [1] Financial Performance - The company achieved revenue of 116 million, representing a year-on-year decrease of 19.27% [1] - Profit attributable to owners was 1.173 million, down 78.04% year-on-year [1] - Basic earnings per share were 0.1 cents [1] Segment Performance - The ODM product segment experienced a revenue decline, largely due to the impact of U.S. tariff policies on global trade, which weakened the company's pricing advantage [1] - Export revenue for the ODM product segment decreased by approximately 13.7% [1] - Domestic revenue for the ODM product segment fell by about 45.7%, attributed to a weak domestic economy and low consumer sentiment, leading to intensified competition in the retail market [1]

Group 1 - The core viewpoint of the article highlights that Bonny Holdings (01906) reported a significant decline in both revenue and profit for the six months ending June 30, 2025, with revenue at 116 million yuan, a year-on-year decrease of 19.27% [1] - The company's profit attributable to owners was 1.173 million yuan, reflecting a substantial year-on-year decrease of 78.04%, with basic earnings per share at 0.1 cents [1] - The decline in revenue from the ODM product segment was primarily due to the severe impact of U.S. tariff policies on global trade, which weakened the company's product price advantage and led to reduced order volumes from overseas clients, resulting in a 13.7% drop in export revenue for this segment [1] Group 2 - Domestic revenue for the ODM product segment saw a significant decline of approximately 45.7%, attributed to a weak domestic economy, low consumer sentiment, and intense competition in the retail market, which adversely affected the business and profitability of domestic clients [1]

Core Viewpoint - Bonny Holdings (01906.HK) reported a significant decline in revenue and profit for the six months ending June 30, 2025, indicating challenges in the current market environment [1]. Financial Performance - The company's revenue for the first half of the fiscal year 2025 was approximately RMB 116.2 million, a decrease of about RMB 27.7 million or approximately 19.2% compared to RMB 143.9 million in the same period last year [1]. - The profit attributable to the company's owners for the same period was approximately RMB 1.2 million, down by about RMB 4.1 million or approximately 77.4% from RMB 5.3 million in the previous year [1]. Profitability Metrics - The gross profit margin for the reporting period was approximately 33.0%, an improvement from approximately 29.2% in the same period last year [1]. - The increase in gross margin was primarily due to the company's proactive measures in reducing workshop teams and outsourcing processes in response to a decrease in forecasted orders, allowing for better cost control [1].

[Interim Results Announcement](index=1&type=section&id=Interim%20Results%20Announcement) [Interim Condensed Consolidated Financial Statements](index=1&type=section&id=Interim%20Condensed%20Consolidated%20Financial%20Statements) The Group's unaudited consolidated financial statements for the six months ended June 30, 2025, show a significant decrease in both revenue and profit for the period, but an improved gross profit margin, with non-current assets increasing while current assets and liabilities decreased [Interim Condensed Consolidated Income Statement](index=1&type=section&id=Interim%20Condensed%20Consolidated%20Income%20Statement) | Metric | 2025 (RMB thousands) | 2024 (RMB thousands) | Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 116,206 | 143,943 | -19.3% | | Cost of sales | (77,865) | (101,926) | -23.6% | | Gross profit | 38,341 | 42,017 | -8.7% | | Profit before tax | 1,350 | 5,524 | -75.5% | | Profit for the period | 1,172 | 5,339 | -78.0% | | Profit attributable to owners of the parent | 1,173 | 5,341 | -78.0% | | Basic and diluted earnings per share | RMB 0.1 cent | RMB 0.4 cent | -75.0% | [Interim Condensed Consolidated Statement of Comprehensive Income](index=3&type=section&id=Interim%20Condensed%20Consolidated%20Statement%20of%20Comprehensive%20Income) | Metric | 2025 (RMB thousands) | 2024 (RMB thousands) | Change (RMB thousands) | | :--- | :--- | :--- | :--- | | Profit for the period | 1,172 | 5,339 | -4,167 | | Exchange differences on translation of foreign operations (may be reclassified) | 3,253 | (2,143) | 5,396 | | Exchange differences on translation of foreign operations (will not be reclassified) | (5,754) | 2,213 | -7,967 | | Other comprehensive (loss)/income for the period, net of tax | (2,501) | 70 | -2,571 | | Total comprehensive (loss)/income for the period | (1,329) | 5,409 | -6,738 | | Total comprehensive (loss)/income attributable to owners of the parent | (1,328) | 5,411 | -6,739 | [Interim Condensed Consolidated Statement of Financial Position](index=4&type=section&id=Interim%20Condensed%20Consolidated%20Statement%20of%20Financial%20Position) | Metric | June 30, 2025 (RMB thousands) | December 31, 2024 (RMB thousands) | Change (RMB thousands) | | :--- | :--- | :--- | :--- | | Total non-current assets | 538,833 | 489,830 | 49,003 | | Total current assets | 129,697 | 154,974 | -25,277 | | Total current liabilities | 193,322 | 214,735 | -21,413 | | Net current liabilities | (63,625) | (59,761) | -3,864 | | Total non-current liabilities | 121,001 | 74,533 | 46,468 | | Net assets | 354,207 | 355,536 | -1,329 | | Total equity | 354,207 | 355,536 | -1,329 | [Notes to Interim Condensed Consolidated Financial Information](index=6&type=section&id=Notes%20to%20Interim%20Condensed%20Consolidated%20Financial%20Information) This section details the basis of preparation, changes in accounting policies, operating segment information, revenue composition, profit before tax breakdown, income tax policies, dividends, earnings per share calculation, property, plant and equipment changes, aging of receivables and payables, share capital structure, capital commitments, and related party transactions, providing deeper context for understanding the financial data [1. Basis of Preparation](index=6&type=section&id=1.%20Basis%20of%20Preparation) - The interim condensed consolidated financial information is prepared in accordance with Hong Kong Accounting Standard 34 and should be read in conjunction with the annual consolidated financial statements for the year ended December 31, 2024[8](index=8&type=chunk) - Despite the Group recording net current liabilities of approximately **RMB 63,625,000** as of June 30, 2025, the Board believes the Group has the ability to continue as a going concern, based on sufficient bank financing (**RMB 210,000,000** with **RMB 3,661,000** unutilized), the ability to renew short-term bank loans, and efforts to develop new customers and improve working capital[9](index=9&type=chunk)[10](index=10&type=chunk) [2. Changes in Accounting Policies and Disclosures](index=6&type=section&id=2.%20Changes%20in%20Accounting%20Policies%20and%20Disclosures) - The accounting policies adopted in preparing the interim financial information are consistent with those in the 2024 annual consolidated financial statements, except for the initial adoption of revised Hong Kong Financial Reporting Standards[11](index=11&type=chunk) - The amendments to Hong Kong Accounting Standard 21 regarding lack of exchangeability have no impact on the Group's interim condensed consolidated financial information, as both the Group's transaction and functional currencies are exchangeable[12](index=12&type=chunk) [3. Operating Segment Information](index=7&type=section&id=3.%20Operating%20Segment%20Information) Segment Revenue and Results (RMB thousands) | Segment | 2025 Revenue | 2025 Results | 2024 Revenue | 2024 Results | | :--- | :--- | :--- | :--- | :--- | | ODM Products | 98,356 | 25,373 | 125,297 | 30,887 | | Branded Products | 17,850 | (7,801) | 18,646 | (9,067) | | Total | 116,206 | 17,572 | 143,943 | 21,820 | Revenue from External Customers by Destination of Shipment (RMB thousands) | Region | 2025 | 2024 | | :--- | :--- | :--- | | Mainland China | 34,411 | 49,146 | | Germany | 33,079 | 24,563 | | United States of America | 19,897 | 37,903 | | Netherlands | 9,549 | 7,000 | | Canada | 9,140 | 14,823 | | Other Countries or Regions | 10,130 | 10,508 | | Total | 116,206 | 143,943 | - As of June 30, 2025, the Group's non-current assets are primarily located in Mainland China, totaling **RMB 538,683 thousands**, an increase from **RMB 489,680 thousands** as of December 31, 2024[15](index=15&type=chunk) [4. Revenue](index=9&type=section&id=4.%20Revenue) Disaggregation of Revenue from Contracts with Customers (RMB thousands) | Segment | 2025 ODM Products | 2025 Branded Products | 2025 Total | | :--- | :--- | :--- | :--- | | Sale of goods | 98,356 | 17,850 | 116,206 | | Mainland China | 16,561 | 17,850 | 34,411 | | Germany | 33,079 | — | 33,079 | | United States of America | 19,897 | — | 19,897 | | Netherlands | 9,549 | — | 9,549 | | Canada | 9,140 | — | 9,140 | | Other Countries or Regions | 10,130 | — | 10,130 | | Timing of revenue recognition | Goods transferred at a point in time | Goods transferred at a point in time | Goods transferred at a point in time | [5. Profit Before Tax](index=11&type=section&id=5.%20Profit%20Before%20Tax) Key Items Affecting Profit Before Tax (RMB thousands) | Item | 2025 | 2024 | | :--- | :--- | :--- | | Cost of inventories sold | 77,865 | 101,926 | | Depreciation of property, plant and equipment | 4,596 | 5,597 | | Research and development costs | 8,296 | 8,563 | | Total employee benefit expenses | 34,194 | 38,947 | | Write-down of inventories to net realisable value | 600 | 1,792 | | (Gain)/loss on disposal of items of property, plant and equipment | (343) | 501 | | Net exchange differences | (858) | (1,057) | [6. Income Tax](index=12&type=section&id=6.%20Income%20Tax) - The Group is exempt from income tax in the Cayman Islands. Hong Kong profits tax rate is **16.5%**, with a two-tiered tax rate (first **HKD 2 million** at **8.25%**) applicable to some subsidiaries. The statutory tax rate in Mainland China is **25%**, but Zhejiang Bonnie Fashion Holding Group Co, Ltd, as a high-tech enterprise, enjoys a preferential tax rate of **15%**[20](index=20&type=chunk)[21](index=21&type=chunk)[22](index=22&type=chunk) Income Tax Expense (RMB thousands) | Item | 2025 | 2024 | | :--- | :--- | :--- | | Current period expense | 178 | 185 | | Total tax deducted for the period | 178 | 185 | [7. Dividends](index=12&type=section&id=7.%20Dividends) - The Company did not declare or pay any dividends during the reporting period[24](index=24&type=chunk) [8. Earnings Per Share Attributable to Owners of the Parent](index=13&type=section&id=8.%20Earnings%20Per%20Share%20Attributable%20to%20Owners%20of%20the%20Parent) Basic and Diluted Earnings Per Share Calculation | Item | 2025 | 2024 | | :--- | :--- | :--- | | Profit attributable to owners of the parent (RMB thousands) | 1,173 | 5,341 | | Weighted average number of ordinary shares in issue during the period (shares) | 1,471,123,710 | 1,200,000,000 | | Basic and diluted earnings per share (RMB) | 0.1 cent | 0.4 cent | - As of June 30, 2025 and 2024, the Group had no dilutive potential ordinary shares in issue[26](index=26&type=chunk) [9. Property, Plant and Equipment](index=13&type=section&id=9.%20Property%2C%20Plant%20and%20Equipment) - For the six months ended June 30, 2025, the Group acquired assets totaling **RMB 2,936,000** (2024: **RMB 4,824,000**)[28](index=28&type=chunk) - During the same period, the Group disposed of assets with a net book value of **RMB 31,000**, resulting in a net gain on disposal of **RMB 343,000** (2024: net loss on disposal of **RMB 501,000**)[28](index=28&type=chunk) [10. Trade Receivables](index=14&type=section&id=10.%20Trade%20Receivables) Aging Analysis of Trade Receivables (RMB thousands) | Aging | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Within 3 months | 28,816 | 37,018 | | 3 to 6 months | 2,425 | 1,888 | | 6 to 12 months | 3,885 | 6,166 | | 1 to 2 years | 899 | 569 | | 2 to 3 years | 98 | 79 | | Total | 36,123 | 45,720 | [11. Trade Payables and Bills Payable](index=14&type=section&id=11.%20Trade%20Payables%20and%20Bills%20Payable) Aging Analysis of Trade Payables and Bills Payable (RMB thousands) | Aging | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Within 3 months | 5,962 | 11,981 | | 3 to 6 months | 14,114 | 9,538 | | 6 to 12 months | 4,090 | 7,010 | | Over 12 months | 1,656 | 3,789 | | Total | 25,822 | 32,318 | [12. Share Capital](index=15&type=section&id=12.%20Share%20Capital) Issued and Fully Paid Ordinary Shares (RMB thousands) | Item | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Ordinary shares (1,471,123,710 shares) | 100,114 | 100,114 | [13. Commitments](index=15&type=section&id=13.%20Commitments) Contractual Commitments (RMB thousands) | Item | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Buildings | 10,087 | 65,686 | [14. Related Party Transactions](index=16&type=section&id=14.%20Related%20Party%20Transactions) Related Party Transactions During the Period (RMB thousands) | Transaction Type | Related Party | 2025 | 2024 | | :--- | :--- | :--- | :--- | | Short-term lease | Deshipu New Material | 693 | — | | Long-term lease | Zhejiang Hongliu | 4,096 | — | | Payment of deposit | Deshipu New Material | 200 | — | | Payment of deposit | Zhejiang Hongliu | 500 | — | | Borrowing | Zhejiang Baicheng Trading Co, Ltd | 26,800 | 20,800 | Amounts Due from/to Related Parties (RMB thousands) | Item | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Total amounts due from related parties | 1,453 | 80 | | Total amounts due to related parties | — | 4,830 | | Lease liabilities (Zhejiang Hongliu) | 1,524 | — | - Mr Jin Guojun and Ms Gong Lijin provided guarantees for the Group's bank loans up to **RMB 250,000,000**, and non-executive director Ms Huang Jingyi provided guarantees for bank loans up to **RMB 200,000,000**[37](index=37&type=chunk) [15. Key Management Personnel Remuneration](index=18&type=section&id=15.%20Key%20Management%20Personnel%20Remuneration) Total Remuneration of Key Management Personnel (RMB thousands) | Item | 2025 | 2024 | | :--- | :--- | :--- | | Short-term employee benefits | 1,255 | 1,507 | | Total remuneration | 1,255 | 1,507 | [Management Discussion and Analysis](index=19&type=section&id=Management%20Discussion%20and%20Analysis) The Group faced a complex and severe external environment in the first half of 2025, with significantly decreased revenue but improved gross profit margin due to cost control. Management has formulated strategies including market diversification, product innovation, and strengthening retail capabilities. Liquidity remains stable, and proceeds from the rights issue have been utilized as planned [Business and Financial Review](index=19&type=section&id=Business%20and%20Financial%20Review) - The Group primarily engages in the design, research and development, production, and sale of seamless and traditional intimate apparel products, offering one-stop ODM solutions and selling 'Bonnie' branded products in China[39](index=39&type=chunk) - In the first half of 2025, affected by international trade conditions (such as US tariff policies) and a weak domestic economy, the Group's ODM product export revenue decreased by approximately **13.7%**, domestic revenue decreased by **45.7%**, branded product revenue decreased by **4.3%**, and total revenue decreased by **19.2%**[40](index=40&type=chunk)[41](index=41&type=chunk)[42](index=42&type=chunk) Revenue Analysis by Business Segment and Sales Region (RMB thousands) | Sales Region/Segment | 2025 | 2024 | Change (%) | | :--- | :--- | :--- | :--- | | Branded Products | 17,850 | 18,646 | -4.3% | | ODM Products - Germany | 33,079 | 24,563 | 34.7% | | ODM Products - United States of America | 19,897 | 37,903 | -47.5% | | ODM Products - Mainland China | 16,561 | 30,500 | -45.7% | | ODM Products - Netherlands | 9,549 | 7,000 | 36.4% | | ODM Products - Canada | 9,140 | 14,823 | -38.3% | | ODM Products - Other Countries or Regions | 10,130 | 10,508 | -3.6% | | Total | 116,206 | 143,943 | -19.3% | - Gross profit margin improved from **29.2%** in the same period last year to **33.0%**, primarily due to timely reduction of workshop shifts and outsourcing to control costs effectively[43](index=43&type=chunk) - Profit for the period was approximately **RMB 1.2 million**, a decrease of approximately **77.4%** from **RMB 5.3 million** in the same period last year, mainly due to decreased revenue, partially offset by improved gross profit margin and increased rental income[41](index=41&type=chunk)[49](index=49&type=chunk) - The Group closed its Yushan production base in the first half of 2025, which had accumulated losses exceeding **RMB 200 million**, with only the Yiwu Beiyuan production base remaining to meet current capacity demands[50](index=50&type=chunk) - The number of full-time employees decreased to **611** (December 31, 2024: **777**), and employee benefit expenses decreased by **12.1%**, mainly due to employee departures caused by reduced orders and organizational restructuring[51](index=51&type=chunk) [Outlook](index=24&type=section&id=Outlook) - Management anticipates continued trade protectionism, with domestic and international markets unlikely to improve in the short term, leading to a challenging operating environment and an unoptimistic outlook[52](index=52&type=chunk) - Countermeasures include: continuously monitoring tariff trends and adjusting product pricing; actively exploring diversified international markets and deepening domestic market penetration; enhancing product quality and design innovation capabilities; strengthening self-operated retail capabilities, strictly controlling new store openings, and developing core customers[53](index=53&type=chunk) [Liquidity and Financial Resources](index=24&type=section&id=Liquidity%20and%20Financial%20Resources) Overview of Liquidity and Financial Resources (RMB thousands) | Metric | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Cash and cash equivalents | 7,600 | 7,700 | | Interest-bearing liabilities | 213,500 | 167,900 | | Gearing ratio | 44.05% | 42.57% | | Net current liabilities | 63,600 | 59,761 | - The Group primarily funds its operations through internal cash flows and bank financing, with interest-bearing liabilities carrying annual interest rates ranging from approximately **4.25%** to **4.85%**[52](index=52&type=chunk) [Foreign Exchange Risk](index=25&type=section&id=Foreign%20Exchange%20Risk) - The Group's monetary assets and liabilities are primarily denominated in RMB, USD, and HKD, managed by regularly reviewing net foreign exchange exposure, but no forward foreign exchange or hedging contracts were entered into during the reporting period[54](index=54&type=chunk) [Material Acquisitions and Disposals](index=25&type=section&id=Material%20Acquisitions%20and%20Disposals) - During the reporting period, the Group had no material acquisitions or disposals of subsidiaries, associates, or joint ventures[55](index=55&type=chunk) [Capital Commitments](index=25&type=section&id=Capital%20Commitments) - As of June 30, 2025, the Group's total capital commitments amounted to **RMB 10.1 million** (December 31, 2024: **RMB 65.7 million**), primarily related to the construction of the sixth factory building at the Beiyuan production base, expected to be funded by internal and external resources[56](index=56&type=chunk)[57](index=57&type=chunk) [Contingent Liabilities](index=25&type=section&id=Contingent%20Liabilities) - As of June 30, 2025, the Group had no material contingent liabilities[58](index=58&type=chunk) [Pledged Assets](index=25&type=section&id=Pledged%20Assets) - The Group pledged buildings, machinery and equipment (net book value of **RMB 167.9 million**), investment properties (book value of **RMB 303.3 million**), and leasehold land (net book value of **RMB 20.6 million**) located in Mainland China to secure general banking facilities[59](index=59&type=chunk) [Use of Net Proceeds from Rights Issue](index=26&type=section&id=Use%20of%20Net%20Proceeds%20from%20Rights%20Issue) - The Company completed a rights issue on September 10, 2024, issuing **271,123,710 shares** and raising net proceeds of approximately **HKD 65.0 million**[60](index=60&type=chunk) Allocation and Use of Net Proceeds from Rights Issue (HKD millions) | Purpose | Allocated Amount | Amount Utilized | Unutilized Amount | | :--- | :--- | :--- | :--- | | General working capital | 54.1 | 54.1 | 0.0 | | Purchase of equipment | 7.4 | 4.8 | 2.6 | | New product R&D | 3.5 | 3.5 | 0.0 | | Total | 65.0 | 62.4 | 2.6 | [Events After the Reporting Period](index=26&type=section&id=Events%20After%20the%20Reporting%20Period) - As of the date of this announcement, no significant events have occurred that would materially affect the Group's operations and financial performance[62](index=62&type=chunk) [Other Information](index=27&type=section&id=Other%20Information) This section covers the Group's remuneration policy, significant investments, future capital plans, dealings in listed securities, corporate governance measures, and committee operations. The company is committed to maintaining high corporate governance standards and has complied with most code provisions, with the exception of the Chairman and Chief Executive Officer positions being held by the same individual. No interim dividends were declared during the reporting period [Remuneration Policy](index=27&type=section&id=Remuneration%20Policy) - The Group remunerates employees based on performance, qualifications, and operating results, including basic salary and performance bonuses. Remuneration for directors and senior management is benchmarked against comparable companies, time commitment, and the Group's performance, and is reviewed regularly[63](index=63&type=chunk) - The Company adopted a share option scheme on March 19, 2019, as an incentive. Employees of Chinese subsidiaries participate in a central pension scheme, contributing a certain percentage of their salaries[63](index=63&type=chunk) [Material Investments Held](index=27&type=section&id=Material%20Investments%20Held) - As of June 30, 2025, the Group held no material investments in the equity of any other company[64](index=64&type=chunk) [Future Plans for Material Investments and Capital Assets](index=27&type=section&id=Future%20Plans%20for%20Material%20Investments%20and%20Capital%20Assets) - As of June 30, 2025, the Group had no other future plans for material investments and capital assets[65](index=65&type=chunk) [Purchase, Sale or Redemption of the Company's Listed Securities](index=27&type=section&id=Purchase%2C%20Sale%20or%20Redemption%20of%20the%20Company%27s%20Listed%20Securities) - During the reporting period, neither the Company nor any of its subsidiaries purchased, sold, or redeemed any of its listed securities[66](index=66&type=chunk) [Corporate Governance Measures](index=28&type=section&id=Corporate%20Governance%20Measures) - The Company is committed to maintaining high standards of corporate governance and has adopted the principles and code provisions of the Corporate Governance Code set out in Appendix C1 to the Listing Rules of the Stock Exchange[67](index=67&type=chunk) - During the reporting period, the Company complied with all applicable code provisions, except for code provision C.2.1 (the roles of chairman and chief executive should be separate), as Mr Jin Guojun serves as both Chairman and Chief Executive Officer[67](index=67&type=chunk)[68](index=68&type=chunk) [Audit Committee](index=28&type=section&id=Audit%20Committee) - The Audit Committee comprises three independent non-executive directors, with Mr Chan Yin Chung as Chairman. The Committee has reviewed the interim condensed consolidated financial information and accounting principles, and believes the Company has complied with applicable accounting standards and made appropriate disclosures[69](index=69&type=chunk) [Remuneration Committee](index=29&type=section&id=Remuneration%20Committee) - The Remuneration Committee consists of two independent non-executive directors and one executive director, with Dr Wei Zhongzhe as Chairman. Its primary responsibilities include evaluating the performance of directors and senior management and making recommendations on their remuneration packages[70](index=70&type=chunk) [Nomination Committee](index=29&type=section&id=Nomination%20Committee) - The Nomination Committee comprises one executive director, one non-executive director, and three independent non-executive directors, with Mr Jin Guojun as Chairman. Its primary responsibilities include considering and recommending Board members and regularly reviewing the Board's structure[71](index=71&type=chunk) [Standard Code for Securities Transactions by Directors](index=29&type=section&id=Standard%20Code%20for%20Securities%20Transactions%20by%20Directors) - The Company has adopted a code of conduct for directors' securities transactions, with terms no less exacting than the Standard Code set out in Appendix C3 to the Listing Rules. All directors confirmed compliance with the Standard Code during the reporting period[72](index=72&type=chunk) [Interim Dividend](index=29&type=section&id=Interim%20Dividend) - The Board did not declare an interim dividend for the reporting period (June 30, 2024: nil)[73](index=73&type=chunk) [Publication of Interim Results Announcement and Interim Report](index=30&type=section&id=Publication%20of%20Interim%20Results%20Announcement%20and%20Interim%20Report) - The Group's interim results announcement for the reporting period has been published on the Stock Exchange website and the Company's website, and the interim report will be dispatched to shareholders and published on the website in due course[74](index=74&type=chunk) [Board Information](index=30&type=section&id=Board%20Information) - As of the date of this announcement, the Board comprises executive directors Mr Jin Guojun and Mr Zhao Hui; non-executive directors Ms Gong Lijin and Ms Huang Jingyi; and independent non-executive directors Mr Chan Yin Chung, Mr Chow Chi Hang, and Dr Wei Zhongzhe[76](index=76&type=chunk)

Group 1 - The board meeting of Bonny Holdings (01906.HK) is scheduled for August 28, 2025, to review and approve the interim results for the six months ending June 30, 2025 [1] - The meeting will also consider the declaration and distribution of an interim dividend, if any [1]

BONNY INTERNATIONAL HOLDING LIMITED 博尼國際控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1906） 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產 生或因倚賴該等內容而引致的任何損失承擔任何責任。 董事會召開日期 博尼国际控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈，董 事會會議將於二零二五年八月二十八日（星期四）舉行，藉以（其中包括）審議 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期間之中期 業績及其發佈，並考慮宣派及派發中期股息（如有）。 承董事會命 博尼国际控股有限公司 主席 金國軍 香港，二零二五年八月十一日 於本公告日期，董事會由執行董事金國軍先生及趙輝先生；非執行董事龔麗瑾女士及黃靜 怡女士；及獨立非執行董事陳彥璁先生、周志恒先生及魏中哲博士組成。 ...

Core Viewpoint - Bonny Holdings (01906.HK) expects a significant decline in profit and revenue for the half-year ending June 30, 2025, primarily due to ongoing international trade disputes and a cautious consumer market [1] Financial Performance - The company anticipates a profit attributable to shareholders of no more than 1.5 million RMB, representing a year-on-year decrease of over 70% [1] - Total revenue is projected to be approximately 110 million to 120 million RMB, reflecting a year-on-year decline of about 23.6% to 16.6% [1] Business Segments - The decline in profit and revenue is attributed to decreased income from both the original design manufacturer (ODM) business and self-owned brand business [1]

Core Viewpoint - Bonny Holdings (01906) anticipates a significant decline in profit for the half-year ending June 30, 2025, projecting a profit attributable to shareholders of no more than RMB 1.5 million, which represents a decrease of over 70% compared to approximately RMB 5.3 million for the half-year ending June 30, 2024 [1] Financial Performance - The company expects total revenue for the reporting period to be approximately RMB 110 million to RMB 120 million, a decrease of about 23.6% to 16.6% compared to approximately RMB 143.9 million in the same period last year [1] Business Challenges - The board attributes the decline in profit to ongoing international trade disputes, a sluggish market, and cautious consumer spending, which have led to a decrease in revenue from both original design manufacturing and self-owned brand businesses [1]

Group 1 - The core viewpoint of the article indicates that Bonny Holdings (01906.HK) expects a significant decline in profit for the half-year period ending June 30, 2025, with anticipated profit attributable to shareholders not exceeding RMB 1.5 million, representing a decrease of over 70% compared to approximately RMB 5.3 million in the same period last year [1] - The board of directors attributes the decline in profit to ongoing international trade disputes, a weak market, and cautious consumer spending, which have led to decreased revenues in both the original design manufacturing and self-owned brand businesses [1] - The company anticipates total revenue for the reporting period to be approximately RMB 110 million to RMB 120 million, a reduction of about 23.6% to 16.6% compared to approximately RMB 143.9 million in the same period last year [1]