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: 2026年3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: 超盈國際控股有限公司 呈交日期: 2026年4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) | 02111 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 50,000,000,000 | HKD | | 0.01 HKD | | 500,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 50,000,000,000 | HKD | | 0.01 HKD | | 500,000,000 | 本月底法定/註冊股本總額： HKD 50 ...

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。 Best Pacific International Holdings Limited 超盈國際控股有限公司 （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） – 1 – 背景資料 茲 提 述 該 公 告，內 容 有 關 東 莞 潤 信 已 與 盧 先 生 訂 立 的 該 等 先 前 白 濠 租 賃 協 議。 根 據 該 等 先 前 白 濠 租 賃 協 議，東 莞 潤 信（作 為 承 租 人）與盧先生（作 為 出 租 人）之 間 的 租 期 自 二 零 二 三 年 四 月 一 日 起，並 於 二 零 二 六 年 三 月 三 十 一 日 止 屆 滿。 為 確 保 繼 續 使 用 該 等 白 濠 樓 宇 作 為 本 集 團 的 行 政 辦 公 室、生 產 廠 房 及 員 工 宿 舍，董 事 會 宣 佈，於 二 零 二 六 年 三 月 三 十 ...

Investment Rating - The investment rating for the company is "Accumulate" [6] Core Insights - The company is experiencing a recovery in orders as tariffs from 25H2 are implemented, and clients are normalizing inventory levels while strategically restructuring their supply chains. The company plans to start construction of a new factory in Vietnam, expected to be completed by the end of 2026, which will increase production capacity by 10-15% [2][3] Financial Summary - Total revenue projections (in million HKD) are as follows: - 2024: 5,061 - 2025: 5,021 - 2026E: 5,456 - 2027E: 5,919 - 2028E: 6,401 - The revenue growth rates are projected at 20.0% for 2024, -0.8% for 2025, and positive growth of 8.7% to 8.1% from 2026 to 2028 [4] - Gross profit and net profit figures (in million HKD) are as follows: - Gross profit for 2026E is projected at 1,424, with a net profit of 567 for the same year, increasing to 685 by 2028 [4] - The company maintains a stable dividend payout ratio of 50%, with a dividend yield of 9.2% [10] Operational Developments - The new factory in Vietnam is set to enhance production efficiency and reduce lead times, with an estimated capital expenditure of 500 to 1,000 million HKD over the next 12 months, funded through internal cash and bank loans [10][12]

EF001 免責聲明 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 | | | 於本公告日期，本公司執行董事為盧煜光先生、張海濤先生、吳少倫先生、鄭婷婷女士、陳耀星先生及盧立彬先生。本公司獨立非 | | | 執行董事為張一鳴先生、郭大熾先生及林燕勝先生。 | | 第 2 頁 共 2 頁 v 1.1.1 | 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 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 | 超盈國際控股有限公司 | | 股份代號 | 02111 | | 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12月31日止年度之末期股息 | | 公告日期 | 2026年3月23日 ...

Financial Performance - The group's revenue for the year ending December 31, 2025, was approximately HKD 5,020.9 million, a decrease of about 0.8% compared to HKD 5,061.3 million for the year ending December 31, 2024[2]. - The gross profit margin for the year ending December 31, 2025, was approximately 26.6%, a decrease of about 0.2 percentage points from the previous year[2]. - The net profit margin for the year ending December 31, 2025, was approximately 11.3%, down by about 0.4 percentage points compared to the previous year[2]. - The group's profit for the year was approximately HKD 567.6 million, a decrease of about 4.5% from HKD 594.1 million in the previous year[2]. - The basic earnings per share for the year ending December 31, 2025, was approximately HKD 53.02, a decrease of about 9.3% from HKD 58.48 in the previous year[2]. - Total comprehensive income for the year was approximately HKD 649.4 million, compared to HKD 475.7 million in the previous year[4]. - The company reported a profit before tax of HKD 632,232,000 for the fiscal year ending December 31, 2025[16]. - Pre-tax profit for 2025 was HKD 674,530 thousand, reflecting the company's operational performance[19]. - The company reported a segment profit of HKD 768,008,000 for the fiscal year ending December 31, 2025, with a segment profit margin of approximately 15.3%[16]. - The effective tax rate for the fiscal year ending December 31, 2025, was approximately 10.2%, down from about 11.9% for the fiscal year ending December 31, 2024, primarily due to increased contributions from a subsidiary in Sri Lanka benefiting from a preferential tax rate[60]. Revenue Breakdown - For the fiscal year ending December 31, 2025, total revenue from the sale of elastic fabrics, lace, and elastic bands amounted to HKD 5,020,877,000, with elastic fabric sales contributing HKD 3,975,238,000 and elastic bands contributing HKD 1,045,639,000[13]. - The revenue from the sale of elastic fabrics for sportswear and apparel was HKD 2,799,766,000, while the revenue from underwear was HKD 1,125,183,000 for the fiscal year ending December 31, 2025[13]. - The company's operating segment for the manufacturing and sale of elastic fabrics and lace generated a revenue of HKD 3,975,238,000, while the elastic bands segment generated HKD 1,045,639,000[16]. - Revenue from elastic fabric materials was HKD 3,924.9 million, accounting for 78.2% of total revenue, down from HKD 4,014.5 million or 79.3% in 2024[49]. - Revenue from elastic webbing increased by 6.1% to approximately HKD 1,045.6 million, compared to HKD 985.7 million in 2024[49][50]. Dividends - The proposed final dividend for the year ending December 31, 2025, is HKD 0.14 per share, compared to HKD 0.1591 per share for the previous year[2]. - The company declared an interim dividend of 0.125 HKD per share for 2025, compared to 0.1333 HKD per share in 2024, which is a reduction of approximately 8.3%[28]. - A proposed final dividend of HKD 0.14 per share for the year ending December 31, 2025, has been declared, compared to HKD 0.1591 per share for the year ending December 31, 2024[86]. - An interim dividend of HKD 0.125 per share was paid on October 10, 2025, down from HKD 0.1333 per share in 2024[86]. Assets and Liabilities - The group's net asset liability ratio as of December 31, 2025, was approximately 6.4%, down from 13.5% the previous year[2]. - Total net asset value increased to HKD 3,888,256,000 in 2025, up from HKD 3,534,279,000 in 2024, reflecting a growth of approximately 10%[6]. - The company’s total liabilities decreased from HKD 1,111,424,000 in 2024 to HKD 1,032,079,000 in 2025, indicating a reduction of about 7%[6]. - The company’s total equity attributable to owners increased to HKD 3,784,692,000 in 2025 from HKD 3,447,058,000 in 2024, representing an increase of approximately 10%[6]. - The company’s non-current liabilities related to bank borrowings amounted to 817,063 thousand HKD in 2025, down from 947,580 thousand HKD in 2024, a decrease of approximately 13.8%[33]. Cash Flow - For the fiscal year ending December 31, 2025, the net cash generated from operating activities was approximately HKD 1,107.8 million, an increase from approximately HKD 760.6 million for the fiscal year ending December 31, 2024[63]. - The net cash used in investing activities for the fiscal year ending December 31, 2025, was approximately HKD 450.3 million, compared to approximately HKD 335.6 million for the fiscal year ending December 31, 2024[63]. - The net cash used in financing activities for the fiscal year ending December 31, 2025, was approximately HKD 646.7 million, up from approximately HKD 356.4 million for the fiscal year ending December 31, 2024[64]. Operational Efficiency - The company is committed to providing sustainable supply chain solutions to address complex trade and tariff challenges[45]. - The company will continue to prioritize improving operational efficiency at production bases to enhance overall financial performance[79]. - The company aims to strengthen its R&D capabilities to meet the growing demand for innovative products from customers[78]. - The company is committed to a multi-site production strategy as a key competitive advantage in its international business expansion[79]. Market Trends - Global GDP growth stabilized at 3.3% in 2025, maintaining the same growth rate as in 2024[39]. - The U.S. GDP grew by 2.2% in 2025, driven by favorable tax policies and increased investment in technologies related to artificial intelligence[39]. - China's GDP recorded a robust growth of 5.0% in 2025, focusing on high-quality development and domestic consumption[39]. - China's textile and apparel exports to the U.S. faced a significant decline of approximately 9.4% in 2025[41]. - Vietnam's textile exports achieved a healthy growth of 7.0%, while Sri Lanka's apparel exports grew by 4.9%[41]. Corporate Governance - The company is committed to maintaining high standards of corporate governance, which is crucial for sustainable development and growth[89]. - The board proposes amendments to the company's articles of association to enhance the implementation of electronic communication and other regulatory updates[90]. - The proposed amendments to the articles of association will require shareholder approval at the upcoming annual general meeting[91].

超盈國際控股有限公司 （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （股 份 代 號：2111） 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。 Best Pacific International Holdings Limited 超盈國際控股有限公司 執 行 董 事、首 席 財 務 官 兼 公 司 秘 書 陳耀星 香 港，二 零 二 六 年 三 月 十 一 日 於 本 公 告 日 期，董 事 會 包 括 盧 煜 光 先 生、張 海 濤 先 生、吳 少 倫 先 生、鄭 婷 婷 女 士、陳 耀 星 先 生、盧 立 彬 先 生、張 一 鳴 先 生*、郭 大 熾 先 生*及林燕勝先生*。 * 獨立非執行董事 董事會會議召開日期 超盈國際控股有限公司（「本公司」，連 同 其 附 屬 公 司 統 稱「本集團」）董事會（「董 事 會」）茲 通 告，謹 定 於 二 零 二 六 年 三 月 二 ...

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: 2026年2月28日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 超盈國際控股有限公司 呈交日期: 2026年3月2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) | 02111 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | 50,000,000,000 | HKD | | 0.01 | HKD | | 500,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | 50,000,000,000 | HKD | | 0.01 | HKD | | 500,000,000 | 本月底法定/註冊股本總額： HKD 50 ...

Core Viewpoint - Zheshang Securities initiates coverage on Superwin International Holdings (02111.HK) with a "Buy" rating, highlighting the company's strong manufacturing efficiency and its established relationships with leading lingerie brands like Victoria's Secret, as well as its expansion into sports brands such as FILA and Lululemon [1] Group 1: Company Overview - Superwin International Holdings is a leading manufacturer of elastic fabrics, with a market capitalization of HKD 3.525 billion, ranking third in the textile manufacturing industry [1] - The company has a strong global production layout and robust R&D capabilities, which are expected to enhance its order share from sports brands [1] Group 2: Financial Projections - The projected net profit attributable to shareholders for Superwin International Holdings is estimated to be HKD 600 million, HKD 650 million, and HKD 690 million for the years 2025, 2026, and 2027, respectively [1] Group 3: Market Position and Ratings - In the past 90 days, one investment bank has issued a "Buy" rating for Superwin International Holdings, indicating positive market sentiment [1]

Core Viewpoint - The report from Zheshang Securities initiates coverage on Superwin International Holdings (02111) with a "Buy" rating, highlighting the company's position as a leading manufacturer of elastic fabrics and its strong growth potential in the sportswear segment [1] Group 1: Company Overview - Superwin International Holdings, established in 1994, has evolved from a lingerie strap business to a global leader in elastic fabric manufacturing, entering the sportswear market to create a second growth curve [1] - The revenue breakdown for 2023 shows that elastic fabrics for sportswear, lingerie, elastic straps, and lace account for 51.9%, 26.7%, 19.9%, and 1.5% respectively, with a CAGR of 32%, 1%, 3%, and 5% from 2014 to 2023, indicating that sportswear elastic fabrics are the main growth driver [1] Group 2: Industry Landscape - The elastic fabric industry is experiencing high demand, with the company positioned in the midstream of a thriving elastic apparel supply chain. The steady increase in production and decreasing prices of nylon and spandex are expected to provide cost advantages [2] - The company benefits from strong consumer demand for elastic fabrics, leveraging its global production capacity and robust R&D capabilities to penetrate the sports brand market and gradually increase its market share [2] Group 3: Competitive Advantages - The company emphasizes innovation and R&D, maintaining a research expense ratio of 2%-3% since its listing, holding over 300 patents, and consistently receiving recognition as a high-tech enterprise in China [3] - The company has established deep ties with major lingerie brands like Victoria's Secret and Aimer, and since 2012, has entered the sportswear fabric market, collaborating with brands such as Uniqlo, FILA, Lululemon, Under Armour, Nike, and Adidas, enhancing its order share through global capacity and strong R&D [3] - The company has a balanced production capacity between domestic and international sites, with approximately 30% in Vietnam and 20% in Sri Lanka, and plans to enhance its Vietnamese capacity, which is expected to increase total design capacity by 10%-15% starting in 2025 [3]

Core Viewpoint - The report from Zheshang Securities initiates coverage on Superwin International Holdings (02111) with a "Buy" rating, highlighting the company's strong manufacturing efficiency and its deepening ties with leading lingerie brands like Victoria's Secret, as well as its expansion into sports brands such as FILA and Lululemon, indicating significant future growth potential [1]. Group 1: Company Overview - Superwin International Holdings is a leading global manufacturer of elastic fabrics, established in 1994, initially focusing on lingerie straps and later expanding into elastic fabrics for lingerie by 2003, becoming a market leader by the time of its Hong Kong listing in 2014 [2]. - In 2023, the revenue breakdown for the company includes 51.9% from sportswear elastic fabrics, 26.7% from lingerie elastic fabrics, 19.9% from elastic straps, and 1.5% from lace, with a CAGR of 32% for sportswear elastic fabrics from 2014 to 2023, marking it as the main growth driver [2]. Group 2: Industry Dynamics - The elastic fabric industry is experiencing high demand, with the company positioned in the midstream of a thriving elastic apparel supply chain. The steady increase in production of nylon and spandex, along with declining raw material prices, is expected to enhance cost advantages and expand end-use applications [3]. - The company has successfully integrated into the supply chains of major sports brands, with ongoing capacity expansion in Vietnam and a balanced global production layout, which enhances its competitive edge [4]. Group 3: Competitive Advantages - The company emphasizes innovation and R&D, maintaining a research expense ratio of 2%-3% since its listing, holding over 300 patents, and consistently recognized as a high-tech enterprise in China since 2011 [4]. - The company has established deep ties with major lingerie brands and has progressively entered the sportswear fabric market, collaborating with brands like Uniqlo, FILA, Lululemon, Under Armour, Nike, and Adidas, which is expected to significantly increase its order share in the future [4]. - The company has a balanced production capacity between domestic and international sites, with approximately 30% of capacity in Vietnam and 20% in Sri Lanka, and plans to enhance its Vietnamese production capacity by 10%-15% starting in 2025 [4].