Core Viewpoint - The company reported a revenue of approximately 422 million RMB for the six months ending June 30, 2025, representing a year-on-year decrease of 16.47% [1] - The profit attributable to equity shareholders was 16.566 million RMB, showing a year-on-year increase of 15.99% [1] - The basic earnings per share were 2.48 cents, and the company proposed an interim dividend of 1.08 Hong Kong cents [1] Financial Performance - Revenue for the period was approximately 422 million RMB, down 16.47% compared to the previous year [1] - Profit attributable to equity shareholders increased to 16.566 million RMB, a growth of 15.99% year-on-year [1] - Basic earnings per share were reported at 2.48 cents [1] Dividend Announcement - The company proposed an interim dividend of 1.08 Hong Kong cents [1]

卡宾(02030.HK)发布公告，该公司将于2025年9月5日派发中期股息每股0.0108港元。 本文源自：金融界AI电报 ...

Group 1 - The company, Cabin (02030), announced a mid-term dividend of HKD 0.0108 per share to be distributed on September 5, 2025 [1]

智通财经APP讯，卡宾(02030)发布截至2025年6月30日止6个月中期业绩，集团收益人民币4.22亿元，同 比减少16.47%;净利润1839.1万元，同比增长8.23%;每股盈利2.48分;中期股息1.08港仙。 截至2025年6月30日，集团有4名批发分销商、19名代销分销商及95名二级分销商，在中国内地共经营 636间零售店舖，而其亦在香港经营两间零售店铺。此外，集团于微商城及其他电商平台包括天猫、京 东、唯品会、抖音销售产品，亦向其他线上分销商销售产品。 截至2025年6月30日，集团分别于广州、米兰及巴黎有三间设计工作室，团队共有17名设计师来自中国 内地、其他亚洲国家、香港及欧洲。集团亦与世界各地的设计机构及合约设计师合作。 ...

EF001 發行人所發行上市權證/可轉換債券的相關信息 發行人所發行上市權證/可轉換債券 不適用 其他信息 其他信息 不適用 發行人董事 於本公佈日期, 本公司執行董事為楊紫明博士及柯榕欽先生; 及本公司獨立非執行董事為徐容國先生、梁銘樞先生及谷晶女士。 第 2 頁 共 2 頁 v 1.1.1 EF001 免責聲明 | 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 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。 | | | --- | --- | | 股票發行人現金股息公告 | | | 發行人名稱 | 卡賓服飾有限公司 | | 股份代號 | 02030 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 截至2025年6月30日止六個月的中期股息 | | | 公告日期 | 2025年8月8日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 中期（半年期） | | 股息性質 | 普通股息 | | 財政年末 | 2025年12月3 ...

[Corporate Information](index=4&type=section&id=Corporate%20Information) This section provides the company's basic information, including board members, committee composition, registered office, principal place of business, stock code, auditor, and principal bankers - This section provides the company's basic information, including board members, committee composition, registered office, principal place of business, stock code (**2030**), auditor (**KPMG**), and principal bankers[11](index=11&type=chunk)[13](index=13&type=chunk)[15](index=15&type=chunk) [Financial Highlights](index=7&type=section&id=Financial%20Highlights) The company's financial performance for the six months ended June 30, 2025, shows a decrease in revenue and gross profit, but an increase in operating profit and net profit Financial Highlights for the Six Months Ended June 30, 2025 | Indicator | H1 2025 | H1 2024 | YoY Change | | :--- | :--- | :--- | :--- | | **Revenue (RMB thousands)** | 422,292 | 505,549 | -16.5% | | **Gross Profit (RMB thousands)** | 185,113 | 237,582 | -22.1% | | **Operating Profit (RMB thousands)** | 51,255 | 42,931 | +19.4% | | **Profit for the Period (RMB thousands)** | 18,391 | 16,993 | +8.2% | | **EBITDA (RMB thousands)** | 74,344 | 73,211 | +1.5% | | **Basic Earnings Per Share (RMB cents)** | 2.48 | 2.14 | +15.9% | | **Interim Dividend (HK cents)** | 1.08 | 0.93 | +16.1% | | **Gross Profit Margin** | 43.8% | 47.0% | -3.2pp | | **Net Profit Margin** | 4.4% | 3.4% | +1.0pp | | **Average Inventory Turnover Days** | 208 | 183 | +25 days | [Management Discussion and Analysis](index=9&type=section&id=Management%20Discussion%20and%20Analysis) This section provides an overview of the Group's business performance, future outlook, and detailed financial review for the period [BUSINESS REVIEW](index=12&type=section&id=BUSINESS%20REVIEW) As of June 30, 2025, the Group operated 636 retail stores in mainland China, with overall retail performance declining by 8.2% year-on-year, primarily due to a significant 24.7% drop in online platform revenue, while physical store retail revenue remained largely stable, decreasing by only 0.7% - Total retail revenue across all channels decreased by **8.2%** for the six months ended June 30, 2025, compared to the same period in 2024[26](index=26&type=chunk)[28](index=28&type=chunk) - Online platform retail revenue significantly decreased by **24.7%** year-on-year, while physical retail store revenue remained relatively stable, with only a slight decrease of **0.7%**[29](index=29&type=chunk) - The average retail discount for physical stores expanded from **25.7%** in the prior year to **27.4%**, indicating increased promotional efforts[29](index=29&type=chunk) Retail Store Network Changes | Item | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | **Total Stores** | 638 | 655 | | Wholesale | 220 | 227 | | Consignment | 416 | 423 | | Self-operated | 2 | 5 | [PROSPECTS](index=16&type=section&id=PROSPECTS) The Group maintains a cautious outlook on the Chinese apparel market due to weak domestic demand, rising costs, and intensified competition, focusing on enhancing product quality, comfort, and functionality, while strengthening brand promotion and integrating online and offline sales platforms in the second half of the year - The company maintains a cautious outlook on the Chinese apparel market, as retail sales of non-essential consumer goods like apparel are in a weak recovery phase due to suppressed consumer spending willingness[37](index=37&type=chunk)[40](index=40&type=chunk) - The core of the future development strategy is to "persist in making every piece of clothing well," allocating more resources to improve fabric quality, garment comfort, and functionality[38](index=38&type=chunk)[41](index=41&type=chunk) - Plans for the second half of the year include strengthening brand promotion, such as holding an annual brand launch event and collaborating with famous Chinese IPs to launch new product series[39](index=39&type=chunk)[42](index=42&type=chunk) - In business operations, the Group will continue to optimize its operational structure to enhance efficiency and control costs, and deepen the integration of online and offline sales platforms[43](index=43&type=chunk)[44](index=44&type=chunk) [FINANCIAL REVIEW](index=17&type=section&id=FINANCIAL%20REVIEW) In the first half of 2025, the Group's total revenue decreased by 16.5% to RMB 422.3 million, primarily due to a significant decline in online channel revenue, leading to a 22.1% drop in gross profit and a decrease in gross profit margin from 47.0% to 43.8%, yet operating profit increased by 19.4% to RMB 51.3 million, and net profit by 8.2% to RMB 18.4 million, driven by a substantial increase in other net income and effective control over selling and distribution expenses [Revenue](index=17&type=section&id=Revenue) Total revenue decreased by 16.5% year-on-year, with online store revenue declining by 30.1% as the main drag, while offline store revenue remained relatively stable, decreasing slightly by 2.2%, and the main brand Cabbeen's revenue decreased by 20.5% Revenue by Sales Channel (RMB thousands) | Channel | H1 2025 | H1 2024 | YoY Change | | :--- | :--- | :--- | :--- | | Online Stores | 191,391 | 273,994 | -30.1% | | Offline Stores | 198,970 | 203,525 | -2.2% | | OEM | 31,931 | 28,030 | +13.9% | | **Total** | **422,292** | **505,549** | **-16.5%** | Revenue by Brand (RMB thousands) | Brand | H1 2025 | H1 2024 | YoY Change | | :--- | :--- | :--- | :--- | | Cabbeen | 268,610 | 337,738 | -20.5% | | Cabbeen Urban | 94,977 | 98,288 | -3.4% | | 2AM | 11,307 | 13,828 | -18.2% | | Other Brands | 15,467 | 27,665 | -44.1% | | OEM | 31,931 | 28,030 | +13.9% | | **Total** | **422,292** | **505,549** | **-16.5%** | [Gross profit and gross profit margin](index=18&type=section&id=Gross%20profit%20and%20gross%20profit%20margin) Gross profit decreased by 22.1% year-on-year to RMB 185 million, with the gross profit margin falling from 47.0% to 43.8%, primarily due to increased sales discounts offered to distributors during the period - Gross profit margin decreased from **47.0%** to **43.8%**, primarily attributable to increased sales discounts offered to distributors during the period[49](index=49&type=chunk)[51](index=51&type=chunk) [Other net income](index=18&type=section&id=Other%20net%20income) Other net income significantly increased by 208% year-on-year to RMB 58.6 million, primarily due to increased net foreign exchange gains and gains from the disposal of certain investment properties - Other net income increased from **RMB 19 million** to **RMB 58.6 million**, mainly due to increased net foreign exchange gains and gains from the disposal of certain investment properties[50](index=50&type=chunk)[52](index=52&type=chunk) [Selling and distribution expenses](index=19&type=section&id=Selling%20and%20distribution%20expenses) Selling and distribution expenses significantly decreased by 32.9% year-on-year to RMB 71.8 million, primarily due to reduced operating costs, shipping and logistics expenses, and other expenses in e-commerce sales channels Selling and Distribution Expenses Breakdown (RMB thousands) | Item | H1 2025 | H1 2024 | YoY Change | | :--- | :--- | :--- | :--- | | E-commerce Platform and Operating Expenses | 10,926 | 26,727 | -59.1% | | Shipping and Logistics | 15,630 | 21,275 | -26.5% | | Advertising and Promotion | 29,748 | 31,432 | -5.4% | | Staff Costs | 9,123 | 11,458 | -20.4% | | Other | 6,398 | 16,165 | -60.4% | | **Total** | **71,825** | **107,057** | **-32.9%** | [Administrative and other operating expenses](index=20&type=section&id=Administrative%20and%20other%20operating%20expenses) Administrative and other operating expenses increased by 13.2% year-on-year to RMB 121 million, mainly due to increased inventory write-downs and other expenses, partially offset by reduced staff costs and a reversal of impairment losses on trade receivables - Inventory write-downs increased from **RMB 46.74 million** to **RMB 59.32 million**, which is one of the main reasons for the increase in administrative expenses[60](index=60&type=chunk) - Impairment losses on trade and other receivables saw a reversal of **RMB 8.97 million**, compared to an impairment loss of **RMB 4.87 million** in the prior year[60](index=60&type=chunk) [Profit from operations](index=21&type=section&id=Profit%20from%20operations) Operating profit increased by 19.4% year-on-year to RMB 51.3 million, driven by a significant increase in other net income and a reduction in operating expenses, despite a decrease in gross profit - Operating profit increased from **RMB 42.9 million** to **RMB 51.3 million**, primarily benefiting from the net effect of increased other net income and reduced operating expenses[61](index=61&type=chunk)[66](index=66&type=chunk) [Profit for the period](index=21&type=section&id=Profit%20for%20the%20period) Profit for the period was RMB 18.4 million, an 8.2% increase from RMB 17.0 million in the prior year, with the net profit margin improving from 3.4% to 4.4%, and basic earnings per share at RMB 2.48 cents, up from RMB 2.14 cents Profit and Earnings Per Share | Indicator | H1 2025 | H1 2024 | | :--- | :--- | :--- | | **Profit for the Period (RMB millions)** | 18.4 | 17.0 | | **Net Profit Margin** | 4.4% | 3.4% | | **Basic Earnings Per Share (RMB cents)** | 2.48 | 2.14 | [LIQUIDITY AND FINANCIAL RESOURCES](index=22&type=section&id=LIQUIDITY%20AND%20FINANCIAL%20RESOURCES) As of June 30, 2025, the Group's total cash and equivalents amounted to RMB 464 million, transitioning from a net cash position to a net debt position of RMB 0.8 million during the period, with net cash outflow from operating activities of RMB 37.2 million, while investing activities generated RMB 48.5 million in cash inflow from property disposals, and the gearing ratio decreased from 16.8% to 14.8% - The Group transitioned from a net cash position of **RMB 13.2 million** at the end of 2024 to a net debt position of **RMB 0.8 million** as of June 30, 2025[72](index=72&type=chunk) - Cash flow from operating activities shifted from a net inflow of **RMB 65.9 million** in the prior year to a net outflow of **RMB 37.2 million** in the current period, primarily due to an increase in other receivables and settlement of trade payables[73](index=73&type=chunk) - Investing activities generated a net cash inflow of **RMB 48.5 million**, mainly attributable to proceeds from the disposal of property, plant and equipment, and certain investment properties[74](index=74&type=chunk) - Average inventory turnover days increased from **183 days** to **208 days**, and trade receivables turnover days increased from **229 days** to **237 days**, indicating a decrease in working capital efficiency[84](index=84&type=chunk)[87](index=87&type=chunk)[89](index=89&type=chunk)[93](index=93&type=chunk) - The gearing ratio (bank loans/equity) decreased from **16.8%** at the end of 2024 to **14.8%**, primarily due to a reduction in bank loans[95](index=95&type=chunk)[99](index=99&type=chunk) [Other Disclosures](index=26&type=section&id=Other%20Disclosures) The Group adopts a centralized financing and treasury policy, primarily operating in mainland China with transactions denominated in RMB, but faces HKD/RMB foreign exchange risk due to dividend payments and some expenses in HKD, with no derivative financial instruments used for hedging as of period-end, and certain bank deposits, land, and properties pledged as collateral for bank financing - The Group primarily operates in mainland China, with most transactions denominated in RMB, but is exposed to HKD/RMB foreign exchange risk due to dividend payments and some expenses denominated in HKD[98](index=98&type=chunk)[101](index=101&type=chunk) - As of June 30, 2025, the Group had pledged assets totaling **RMB 225 million** (including bank deposits, land, and properties) as collateral for bank loans and bills payable financing[103](index=103&type=chunk)[107](index=107&type=chunk) - During the period, the Group did not undertake any significant acquisitions or disposals of subsidiaries, associates, or joint ventures[105](index=105&type=chunk)[109](index=109&type=chunk) [HUMAN RESOURCES](index=28&type=section&id=HUMAN%20RESOURCES) As of June 30, 2025, the Group's employee count significantly decreased to 108 from 163 in the prior year, primarily due to organizational structure optimization and outsourcing of non-core functions, resulting in a reduction of total staff costs from RMB 33.6 million to RMB 27.7 million - The number of employees decreased from **163** in the prior year to **108**, and staff costs decreased from **RMB 33.6 million** to **RMB 27.7 million**, mainly due to organizational structure optimization and outsourcing of certain non-core functions[112](index=112&type=chunk)[116](index=116&type=chunk) [INTERIM DIVIDEND](index=28&type=section&id=INTERIM%20DIVIDEND) The Board resolved to declare an interim dividend of 1.08 HK cents per ordinary share for the six months ended June 30, 2025, representing a 16.1% increase from 0.93 HK cents in the prior year, payable on or about September 5, 2025 - The Board declared an interim dividend of **1.08 HK cents** per share, higher than the **0.93 HK cents** declared for the same period in 2024[113](index=113&type=chunk)[117](index=117&type=chunk) [Review Report of Interim Financial Report](index=30&type=section&id=Review%20Report%20of%20Interim%20Financial%20Report) This section presents the independent review report on the interim financial information [Auditor's Conclusion](index=31&type=section&id=Auditor's%20Conclusion) KPMG, the auditor, has reviewed the interim financial report in accordance with Hong Kong Standard on Review Engagements, and based on their review, found no matters that cause them to believe the interim financial report is not prepared in all material respects in accordance with International Accounting Standard 34 'Interim Financial Reporting' - The auditor **KPMG** concluded that they have not noted any matters that cause them to believe the interim financial report is not prepared in all material respects in accordance with International Accounting Standard 34 'Interim Financial Reporting'[125](index=125&type=chunk)[127](index=127&type=chunk) [Consolidated Financial Statements](index=32&type=section&id=Consolidated%20Financial%20Statements) This section contains the Group's consolidated financial statements, including the statement of profit or loss, financial position, changes in equity, and cash flows [Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=32&type=section&id=Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) This statement details the Group's revenue, costs, expenses, taxes, and ultimate profit for the reporting period, showing a profit for the period of RMB 18.391 million for the six months ended June 30, 2025 [Consolidated Statement of Financial Position](index=33&type=section&id=Consolidated%20Statement%20of%20Financial%20Position) This statement presents the Group's assets, liabilities, and equity as of the end of the reporting period, with total assets of approximately RMB 1.911 billion, total liabilities of approximately RMB 567 million, and net assets of approximately RMB 1.344 billion as of June 30, 2025 [Consolidated Statement of Changes in Equity](index=35&type=section&id=Consolidated%20Statement%20of%20Changes%20in%20Equity) This statement reflects changes in shareholders' equity items such as share capital, reserves, and retained earnings during the reporting period, including the impact of profit for the period and declared dividends [Condensed Consolidated Cash Flow Statement](index=36&type=section&id=Condensed%20Consolidated%20Cash%20Flow%20Statement) This statement summarizes the Group's cash inflows and outflows from operating, investing, and financing activities during the reporting period, showing a net decrease in cash and cash equivalents of RMB 40.12 million during the period [Notes to the Unaudited Interim Financial Report](index=38&type=section&id=Notes%20to%20the%20Unaudited%20Interim%20Financial%20Report) This section provides detailed notes to the unaudited interim financial report, offering further explanations and breakdowns of financial figures [Note 11 TRADE AND OTHER RECEIVABLES](index=50&type=section&id=Note%2011%20TRADE%20AND%20OTHER%20RECEIVABLES) As of June 30, 2025, net trade and other receivables amounted to RMB 577 million, a decrease from RMB 673 million at the end of 2024, with a loss allowance balance of RMB 142 million, and high customer concentration as the top five customers accounted for 59% of total receivables - Total trade and other receivables decreased from **RMB 673 million** at the end of 2024 to **RMB 577 million**[188](index=188&type=chunk) - During the period, impairment losses on trade receivables saw a reversal of **RMB 8.971 million**, compared to an impairment loss of **RMB 9.605 million** in the prior year[193](index=193&type=chunk) - Credit risk concentration is high, with the top five customers accounting for **59%** of total trade receivables[194](index=194&type=chunk)[195](index=195&type=chunk) [Note 15 CAPITAL, RESERVES AND DIVIDENDS](index=59&type=section&id=Note%2015%20CAPITAL,%20RESERVES%20AND%20DIVIDENDS) This note discloses dividend distributions, including the declared interim dividend of 1.08 HK cents per share and the final dividend of 0.86 HK cents per share for the previous fiscal year already paid during the period, with a total of 668,593,000 ordinary shares issued as of period-end Dividend Distribution | Dividend Type | Amount Per Share (HK cents) | Fiscal Year | | :--- | :--- | :--- | | **Interim Dividend (Declared)** | 1.08 | 2025 | | **Final Dividend (Paid)** | 0.86 | 2024 | [Corporate Governance and Other Information](index=64&type=section&id=Corporate%20Governance%20and%20Other%20Information) This section provides information on the Group's corporate governance practices and other relevant disclosures [Directors' and Chief Executives' Interests](index=64&type=section&id=Directors'%20and%20Chief%20Executives'%20Interests) This section discloses the shareholdings of directors and chief executives, with Chairman and CEO Dr. Yang Ziming holding approximately 67.66% of the company's shares as the controlling shareholder, and Executive Director Mr. Ke Rongqin holding approximately 1.56% - Chairman Dr. Yang Ziming holds a total of **452,383,209 shares** in the company, directly and indirectly, representing **67.66%** of the issued shares[240](index=240&type=chunk) [Compliance with the Corporate Governance Code](index=69&type=section&id=Compliance%20with%20the%20Corporate%20Governance%20Code) The company has complied with most provisions of the Corporate Governance Code, with one deviation where the roles of Chairman and CEO are held by the same person, Dr. Yang Ziming, an arrangement the Board believes provides strong leadership and efficient decision-making, balanced by sufficient independent non-executive directors - The company deviated from the Corporate Governance Code's provision requiring the separation of the roles of Chairman and Chief Executive Officer, as both positions are held by **Dr. Yang Ziming**[267](index=267&type=chunk)[271](index=271&type=chunk) - The Audit Committee has reviewed and approved the interim results, confirming that appropriate accounting policies have been adopted and sufficient disclosures made[270](index=270&type=chunk)[272](index=272&type=chunk)

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 | 新提交 | | --- | | 截至月份: 2025年7月31日 狀態: | 致：香港交易及結算所有限公司 公司名稱: 卡賓服飾有限公司 呈交日期: 2025年8月4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) | 02030 | 說明 | | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | | 668,593,000 | | 0 | | 668,593,000 | | 增加 / 減少 (-) | | | | | | | | | | 本月底結存 | | | | 668,593,000 | | 0 | | 668,593,000 | 第 2 頁 共 10 頁 v 1.1.1 FF301 | 1. ...

Company Overview - Sichuan Cabin Machinery Manufacturing Co., Ltd. has been established with a registered capital of 10 million RMB [1] - The legal representative of the company is Yuan Xiuwen [1] - The company is classified as a limited liability company [1] Shareholding Structure - Chengdu Qingdianyi New Energy Co., Ltd. holds a 75% stake in the company [1] - Sichuan Hanzhou Intelligent Manufacturing Energy Co., Ltd. holds a 25% stake [1] Business Scope - The company’s business activities include metal processing machinery manufacturing, steel rolling processing, high-quality special steel material sales, metal product research and development, electrical equipment sales, and mechanical and electrical equipment manufacturing [1] - The company operates under the principle of conducting business activities independently with its business license, except for projects that require approval by law [1] Industry Classification - The company is categorized under the manufacturing industry, specifically in the black metal smelting and rolling processing sector [1] - The registered address of the company is located in Yanjing District, Ziyang City, Sichuan Province [1] Operational Timeline - The business operation period is set from July 30, 2025, to an indefinite term [1] - The company is registered with the Ziyang Market Supervision Administration [1]

Core Viewpoint - The company, Cabin (02030.HK), has announced that its board will hold a meeting on August 8, 2025, to approve the unaudited consolidated interim results for the six months ending June 30, 2025, and to consider the payment of an interim dividend, if any [1] Group 1 - The board meeting is scheduled for August 8, 2025 [1] - The meeting will focus on approving the unaudited consolidated interim results for the six months ending June 30, 2025 [1] - The board will also consider the payment of an interim dividend [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，並表明概不會就因本公佈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。 Cabbeen Fashion Limited 2030 公司秘書 雷偉峯 香港，二零二五年七月二十九日 於本公佈日期，執行董事為楊紫明博士及柯榕欽先生；及獨立非執行董事為徐容國先 生、梁銘樞先生及谷晶女士。 董事會會議日期 卡賓服飾有限公司（「本公司」）董事會（「董事會」）謹此宣佈，董事會將於二零二五年八月 八日（星期五）舉行會議，藉以（其中包括）批准本公司及其附屬公司截至二零二五年六月 三十日止六個月的未經審核綜合中期業績以及考慮派付中期股息（如有）。 承董事會命 卡賓服飾有限公司 ...