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]

Core Viewpoint - Bonny Holdings (01906) expects 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, a decrease of over 70% compared to RMB 5.3 million for the half-year ending June 30, 2024 [1] Financial Performance - The company anticipates total revenue for the reporting period to be approximately RMB 110 million to RMB 120 million, representing 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 negatively impacted both the original design manufacturer business and self-branded business revenues [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，概不對因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。 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） 盈利警告 本公告乃博尼国际控股有限公司（「本公司」，連同其附屬公司統稱「本集團」） 根據香港聯合交易所有限公司證券上市規則（「上市規則」）第13.09條及證券及 期貨條例（香港法例第571章）第XIVA部項下內幕消息條文（定義見上市規則） 而作出。 本公司董事會（「董事會」）謹此知會公司股東（「股東」）及潛在投資者，基於本 集團截至二零二五年六月三十日止半年度（「報告期」）之未經審核綜合管理帳 目之初步審閱及對董事會目前可得資料之初步評估，本集團預期報告期內錄 得本公司擁有人應佔溢利不超過人民幣 1.5百萬元，與二零二四年六月三十日 止半年度（「去年同期」）本公司擁有人應佔溢利約人民幣5.3百萬元相比，下降 幅度超70%。 根據現時可得之資料，董事會認為 ...

Financial Performance - The company's total revenue for the year ended December 31, 2024, was approximately RMB 266.7 million, an increase of about 50.1% compared to RMB 177.7 million in 2023[7]. - The ODM product segment generated revenue of approximately RMB 230.8 million, while the brand product segment contributed about RMB 35.9 million[7]. - The company recorded a loss attributable to owners of approximately RMB 16.7 million, an improvement from a loss of RMB 45.3 million in 2023[7]. - Gross profit for the reporting period was approximately RMB 78.9 million, an increase of about RMB 37.2 million or approximately 89.2% compared to RMB 41.7 million in the same period last year, with gross margin rising from 23.5% to 29.6%[16]. - Other income and gains amounted to approximately RMB 20.8 million, an increase of about RMB 2.1 million or approximately 11.2% from RMB 18.7 million in the previous year[18]. - The group recorded a loss attributable to ordinary equity holders of approximately RMB 16.7 million, a reduction of 63.1% from a loss of RMB 45.3 million in the same period last year[25]. - The company's return on equity (ROE) for 2024 is projected to be 4.7%, an improvement from -14.5% in 2023[6]. Retail Network and Operations - The company's retail network included 105 self-operated retail stores and 11 franchise stores as of December 31, 2024, after opening 14 new stores and closing 22 loss-making stores during the year[8]. - The group aims to maintain a minimum of 100 directly operated stores and will close underperforming stores[15]. - The company operates a retail network of 105 stores across 13 provinces, municipalities, and autonomous regions in China as of December 31, 2024[104]. Employee and Workforce - The company employed 777 full-time staff as of December 31, 2024, an increase from 607 staff in 2023[12]. - The overall employee turnover rate for 2024 was 71%, with male turnover at 83% and female turnover at 61%[159]. - The turnover rate for employees aged 30 or below was 120%, while it was 52% for those aged 31-50 and 73% for those aged 51 and above[159]. - All employees received training during the reporting period, with 100% participation among male employees and 96% among female employees[167]. - The average training hours for male employees were 20 hours, while female employees received an average of 17 hours of training[167]. - As of December 31, 2024, the company employed a total of 777 full-time employees, with a gender distribution of 322 males and 455 females[159]. Research and Development - Research and development expenses for product design and development were approximately RMB 18.3 million, compared to RMB 17.1 million in 2023[10]. - The company has a strong focus on research and development in the intimate apparel industry, with key personnel having extensive experience in production and quality control[57]. Corporate Governance - The company has adopted the principles and code provisions of the Corporate Governance Code as per the Listing Rules to ensure proper regulation of business activities and decision-making processes[60]. - The board currently consists of seven members, including two executive directors, two non-executive directors, and three independent non-executive directors[62]. - The company is committed to maintaining high standards of corporate governance to protect shareholder interests and enhance corporate value[60]. - The company has established appropriate director liability insurance to cover responsibilities incurred by board members during company activities[72]. - The board is responsible for the overall development strategy and monitoring the operational and financial performance of the group[68]. Environmental, Social, and Governance (ESG) Initiatives - The group published its sixth Environmental, Social, and Governance (ESG) report, demonstrating commitment to corporate social responsibility and sustainable development[105]. - The report adheres to the Hong Kong Stock Exchange's ESG reporting guidelines, ensuring compliance with mandatory disclosure requirements[107]. - The group emphasizes the importance of stakeholder feedback and conducts internal assessments to identify significant sustainability issues[110]. - The company is actively researching the feasibility of sustainable development in equipment and technology while producing seamless and traditional intimate apparel[119]. - The company aims to increase the proportion of clothing production that meets green low-carbon requirements through the application of green fibers, energy-saving dyeing, and recycling of waste fibers[119]. Supply Chain Management - The group collaborated closely with 241 suppliers, with 238 from mainland China, 1 from Hong Kong, and 2 from other countries[149]. - A total of 17 major suppliers were evaluated during the reporting period to ensure quality of raw materials[152]. - The group has established a comprehensive supplier management system, including annual assessments based on procurement and material management standards[152]. - The group emphasizes sustainable supply chain management, prioritizing suppliers that comply with local environmental policies[151]. Health and Safety - The company maintains a zero fatality rate in workplace incidents over the past three years, with only 40 workdays lost due to injuries during the reporting period[165]. - The company has established an Environmental, Health, and Safety (EHS) team to continuously improve occupational health and safety systems[165]. - The company strictly adheres to labor laws and regulations, ensuring no instances of child or forced labor were reported during the reporting period[160]. Environmental Impact - Total non-hazardous waste decreased to 137.5 tons in 2024 from 140.3 tons in 2023, achieving a density of 0.52 tons per million RMB revenue[174]. - Total greenhouse gas emissions rose to 6,123.93 tons CO2 equivalent in 2024 from 4,161.94 tons in 2023, with a density of 22.96 tons CO2 equivalent per million RMB revenue[180]. - The company has implemented various waste reduction measures, including recycling initiatives and promoting digital communication to minimize paper usage[174]. - The company has achieved ISO 14001:2015 environmental management system certification, ensuring compliance with national standards[172].

Revenue and Profitability - Revenue for the year ended December 31, 2024, increased to RMB 266,737,000, representing a 50.1% growth compared to RMB 177,671,000 in 2023[2] - Gross profit for the same period rose to RMB 78,864,000, up 89.1% from RMB 41,668,000 in the previous year[2] - The company reported a pre-tax loss of RMB 16,665,000, significantly improved from a loss of RMB 40,224,000 in 2023, marking a 58.6% reduction in losses[3] - The net loss for the year was RMB 16,733,000, compared to a net loss of RMB 45,210,000 in 2023, indicating a 63.0% improvement[3] - Customer contract revenue for 2024 reached RMB 266,737,000, a 50% increase from RMB 177,671,000 in 2023[24] - The company recorded a loss attributable to owners of approximately RMB 16.7 million, a decrease from a loss of RMB 45.3 million in 2023[69] Assets and Liabilities - Total assets less current liabilities increased to RMB 430,069,000, up from RMB 400,691,000 in the previous year[6] - Non-current assets totaled RMB 489,830,000, an increase from RMB 459,417,000 in 2023[5] - Cash and cash equivalents rose to RMB 7,667,000, compared to RMB 3,649,000 in the previous year, reflecting a 110.5% increase[5] - The company’s total equity increased to RMB 355,536,000, up from RMB 312,677,000 in 2023, representing a 13.7% growth[6] - The total carrying amount of investment properties as of December 31, 2024, is RMB 268,103,000, up from RMB 228,070,000 in 2023, indicating a growth of approximately 17.5%[46] - The total interest-bearing bank and other borrowings increased from RMB 133,587,000 in 2023 to RMB 167,877,000 in 2024, representing a growth of approximately 25.6%[61] Sales and Market Performance - ODM product sales accounted for RMB 230,838,000, while brand product sales were RMB 35,899,000, indicating a shift in revenue sources[18] - Major customer sales generated RMB 140,568,000 in 2024, up from RMB 59,239,000 in 2023, highlighting increased reliance on key clients[22] - Revenue from the United States increased significantly to RMB 84,568,000 in 2024 from RMB 39,613,000 in 2023, reflecting strong market performance[20] - ODM product segment revenue was approximately RMB 230.8 million, up about RMB 95.8 million or approximately 71.0% from RMB 135.0 million in the same period last year[78] Expenses and Costs - The cost of goods sold for 2024 was RMB 187,873,000, compared to RMB 136,003,000 in 2023, reflecting a significant increase[28] - Research and development costs for 2024 amounted to RMB 18,325,000, an increase from RMB 17,123,000 in 2023[28] - The company’s gross profit from ODM products was RMB 55,797,000, while brand products reported a loss of RMB 18,435,000, indicating challenges in the brand segment[18] Shareholder Information - The basic loss per share attributable to ordinary equity holders of the parent company for 2024 is RMB 0.0128, compared to RMB 0.0377 for 2023, reflecting a decrease in loss per share by approximately 66%[39] - The average number of ordinary shares outstanding for 2024 is 1,310,454,240, an increase from 1,200,000,000 shares in 2023, representing an increase of about 9.2%[39] - The group did not declare or pay any dividends during the reporting period[36] Corporate Governance and Compliance - The company has complied with all applicable code provisions of the corporate governance code during the reporting period, except for a deviation related to the roles of the chairman and CEO[106] - The audit committee has reviewed the consolidated financial statements for the year ending December 31, 2024, and discussed audit, internal control, and financial reporting matters[108] - The financial information provided does not constitute audited accounts but is extracted from the consolidated financial statements audited by Ernst & Young[113] Future Outlook and Strategy - The company plans to adopt new and revised Hong Kong Financial Reporting Standards, which may impact future financial reporting[15] - The company plans to diversify its market and reduce reliance on exports due to ongoing geopolitical risks and trade protectionism affecting the apparel export sector[76] - The company aims to maintain close communication with overseas clients and explore new markets to mitigate tariff pressures and enhance profitability[76]

Revenue and Profitability - For the six months ended June 30, 2024, the total revenue of Bonny International Holding Limited was approximately RMB 143.9 million, an increase of about 49.1% compared to approximately RMB 96.5 million in the same period last year[11]. - The ODM product segment generated revenue of approximately RMB 125.3 million, representing a significant increase of about 68.4% from approximately RMB 74.4 million in the previous year[12]. - The company recorded a profit attributable to the owners of the parent of approximately RMB 5.3 million, a substantial improvement from a loss of approximately RMB 14.6 million in the same period of 2023[11]. - The gross profit margin for the reporting period was approximately 29.2%, up from about 26.0% in the same period last year, primarily due to a focus on product gross margins and a decrease in the market price of key raw materials[16]. - The company reported a pre-tax profit of RMB 5,524 thousand, a significant recovery from a loss of RMB 15,552 thousand in the prior year[53]. - Net profit for the period was RMB 5,339 thousand, compared to a loss of RMB 14,556 thousand in the previous year[54]. - Basic and diluted earnings per share for the six months ended June 30, 2024, was RMB 0.4 cents, a turnaround from a loss of RMB 1.2 cents per share in 2023[53]. Sales Performance - The company's overseas sales revenue was approximately RMB 94.8 million, with the top three export destinations being the United States (40.0%), Germany (25.9%), and Canada (15.6%) of total overseas sales revenue[11]. - The company experienced a decline in domestic ODM sales revenue due to poor performance on e-commerce platforms, leading to increased inventory and reduced orders[14]. - Revenue from external customers in mainland China decreased to RMB 49,146 thousand from RMB 65,812 thousand year-over-year[69]. - Revenue from the United States increased significantly to RMB 37,903 thousand from RMB 12,405 thousand year-over-year[69]. - ODM product sales accounted for RMB 125,297 thousand, while brand product sales were RMB 18,646 thousand for the six months ended June 30, 2024[73]. Expenses and Financial Position - Sales and distribution expenses were approximately RMB 20.2 million, consistent with approximately RMB 20.0 million in the same period last year, mainly including personnel costs of about RMB 9.9 million[18]. - Administrative and other expenses were approximately RMB 23.5 million, a slight increase from approximately RMB 23.2 million in the same period last year, with personnel costs rising by about RMB 1.4 million due to increased social security base[19]. - Financial costs increased by approximately RMB 1.3 million or about 59.1% to RMB 3.5 million, mainly due to the completion of the third phase of the Beiyuan production base, with interest on special loans no longer capitalized[20]. - The group recorded interest-bearing liabilities of approximately RMB 156.2 million as of June 30, 2024, up from approximately RMB 133.6 million as of December 31, 2023, with an annual interest rate ranging from about 4.25% to 4.85%[25]. - Current liabilities rose to RMB 254,852 thousand from RMB 187,391 thousand, reflecting increased operational activities[56]. - The group reported a total employee benefit expense of RMB 36,834,000 for the first half of 2024, compared to RMB 28,790,000 in 2023, marking a 28.1% increase[75]. Cash Flow and Investments - Cash flow from operating activities showed a net outflow of RMB 13,426,000 for the first half of 2024, a significant decline from a net inflow of RMB 8,993,000 in the previous year[61]. - The company generated RMB 4,153,000 from the sale of properties, plants, and equipment during the first half of 2024, compared to a net cash outflow of RMB 11,246,000 in the same period of 2023[62]. - The group made capital expenditures of RMB 4,824,000 during the first half of 2024, compared to RMB 2,009,000 in the same period of 2023, indicating a focus on asset acquisition[84]. - The group aims to develop new customers and secure new orders to enhance operational cash flow and meet financial obligations[65]. Corporate Governance and Compliance - The company has complied with all applicable corporate governance codes, except for the provision C.2.1, which allows the same individual to hold the positions of Chairman and CEO[36]. - The Audit Committee, consisting of three independent non-executive directors, has reviewed the unaudited interim financial information for the six months ended June 30, 2024[37]. - The group did not declare or pay any dividends during the reporting period[81]. Shareholder Information - As of June 30, 2024, Mr. Jin holds 634,500,000 shares, representing 52.87% of the issued shares[42]. - Maximax Holding Corporation, owned by Mr. Jin, is a major shareholder with 634,500,000 shares, also representing 52.87%[46]. - The total number of issued shares as of June 30, 2024, is 1,200,000,000[42]. - The average number of ordinary shares in issue remained constant at 1,200,000,000 shares for both 2024 and 2023, indicating no changes in share capital[82][83].

Financial Performance - Revenue for the six months ended June 30, 2024, reached RMB 143,943,000, representing a 49.3% increase from RMB 96,462,000 in the same period of 2023[1] - Gross profit for the same period was RMB 42,017,000, up 67.5% from RMB 25,068,000 year-on-year[1] - The company reported a profit before tax of RMB 5,524,000, a significant recovery from a loss of RMB 15,552,000 in the previous year[2] - Net profit for the period was RMB 5,339,000, compared to a loss of RMB 14,556,000 in 2023, indicating a turnaround in financial performance[2] - Basic and diluted earnings per share for the period were RMB 0.4 cents, recovering from a loss of RMB 1.2 cents per share in the previous year[3] - The group's pre-tax profit for the six months ended June 30, 2024, was RMB 5,341,000, compared to a loss of RMB 14,622,000 for the same period in 2023, indicating a significant turnaround[21] - The company recorded a profit attributable to equity holders of approximately RMB 5.3 million, a significant improvement from a loss of approximately RMB 14.6 million in the same period last year[30] Revenue Breakdown - ODM product sales accounted for RMB 125,297 thousand, while brand product sales were RMB 18,646 thousand for the six months ended June 30, 2024[11] - Revenue from the United States increased significantly to RMB 37,903 thousand for the six months ended June 30, 2024, compared to RMB 12,405 thousand in the same period of 2023[12] - The geographical breakdown of revenue shows a decline in mainland China revenue to RMB 49,146 thousand for the six months ended June 30, 2024, from RMB 65,812 thousand in the same period of 2023[12] - Export sales accounted for approximately RMB 94.8 million, with the top three destination countries being the United States (40.0%), Germany (25.9%), and Canada (15.6%) of total overseas sales[30] Assets and Liabilities - Total assets as of June 30, 2024, amounted to RMB 452,545,000, slightly down from RMB 459,417,000 at the end of 2023[5] - Current liabilities increased to RMB 254,852,000 from RMB 187,391,000, reflecting a rise in trade payables and other payables[5] - The company has a net current liability of RMB 72,181,000, indicating a need for careful cash flow management[6] - Trade receivables at the end of the reporting period amounted to RMB 69,783,000, significantly higher than RMB 33,783,000 at the end of 2023, suggesting improved sales performance[23] - The group reported a total of RMB 40,818,000 in trade payables at the end of June 30, 2024, compared to RMB 30,740,000 at the end of 2023, indicating increased liabilities[24] - The group’s interest-bearing liabilities amounted to approximately RMB 156.2 million as of June 30, 2024, compared to approximately RMB 133.6 million as of December 31, 2023[43] Costs and Expenses - Financial costs for the six months ended June 30, 2024, were RMB 3,547 thousand, compared to RMB 2,155 thousand for the same period in 2023[11] - Total employee benefits expenses, excluding directors and key management personnel, increased to RMB 36,834,000 for the six months ended June 30, 2024, from RMB 28,790,000 in 2023, reflecting a rise in workforce costs[16] - Sales and distribution expenses for the reporting period were approximately RMB 20.2 million, consistent with approximately RMB 20.0 million in the same period last year[36] - Administrative and other expenses for the reporting period were approximately RMB 23.5 million, an increase from approximately RMB 23.2 million in the same period last year[37] - Financial costs for the reporting period were approximately RMB 3.5 million, an increase of approximately RMB 1.3 million or about 59.1% from approximately RMB 2.2 million in the same period last year[38] Investments and R&D - The company is implementing a rights issue to improve its working capital and reduce capital expenditures[8] - Research and development costs increased to RMB 8,563,000 for the six months ended June 30, 2024, up from RMB 8,233,000 in the previous year, reflecting a focus on innovation[16] - The group purchased assets at a cost of RMB 4,824,000 for the six months ended June 30, 2024, compared to RMB 2,009,000 in the same period of 2023, indicating ongoing investment in infrastructure[22] - The group plans to enhance its R&D capabilities and product competitiveness to navigate the complex external environment and maintain a competitive edge[42] Governance and Compliance - The company has adopted the corporate governance code as per the Stock Exchange Listing Rules, ensuring compliance with all applicable provisions except for C.2.1[53] - The Audit Committee, consisting of three independent non-executive directors, has reviewed the unaudited interim financial information for the six months ending June 30, 2024, and confirmed compliance with applicable accounting standards[54] - The Remuneration Committee evaluates the performance of directors and senior management and makes recommendations regarding their compensation[55] - The Nomination Committee is responsible for recommending suitable candidates for the board and reviewing the board's structure and composition as needed[56] Dividends and Cash Reserves - The group did not declare or pay any dividends during the reporting period, maintaining cash reserves for future investments[20] - As of June 30, 2024, the group had cash and cash equivalents of approximately RMB 5.6 million, up from approximately RMB 3.6 million as of December 31, 2023[43] - The group had no significant contingent liabilities as of June 30, 2024[47] - No interim dividend was declared for the reporting period, remaining at zero for June 30, 2023[58]