致：香港交易及結算所有限公司 公司名稱: 維珍妮國際(控股)有限公司 呈交日期: 2026年2月4日 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 I. 法定/註冊股本變動 截至月份: 2026年1月31日 狀態: 新提交 | 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) | 02199 | 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 | USD | | 0.01 USD | | 500,000,000 | | 增加 / 減少 (-) | | | | | | USD | | | | 本月底結存 | | | 50,000,000,000 | USD | | 0.01 USD | | 500,000,000 | 本月底法定/註冊股本總額： USD 500 ...

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12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: 維珍妮國際(控股)有限公司 呈交日期: 2026年1月6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) | 02199 | 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 | USD | | 0.01 | USD | | 500,000,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 50,000,000,000 | USD | | 0.01 | USD | | 500,000,000 | 本月 ...

Stock Code 股份代號: 2199 INTERIM REPORT 2025/26中期報告 CONTENTS 目錄 | Corporate Information | 2 | 公司資料 | | --- | --- | --- | | Financial Highlights | 5 | 財務概要 | | Management Discussion and Analysis | 6 | 管理層討論及分析 | | Report on Review of Interim Financial Information | 27 | 中期財務資料的審閱報告 | | Interim Condensed Consolidated Income Statement | 29 | 中期簡明綜合收益表 | | Interim Condensed Consolidated Statement of Comprehensive Income | 30 | 中期簡明綜合全面收益表 | | Interim Condensed Consolidated Balance Sheet | 31 | 中期簡明綜合資產負債表 | | Inte ...

The English and Chinese versions of the Company's Current Corporate Communication are available on the Company's website at www.reginamiracleholdings.com and the HKEXnews website of The Stock Exchange of Hong Kong Limited (the "HKEXnews website") at www.hkexnews.hk, or the arranged printed form of the Current Corporate Communication in your selected language(s) is enclosed (if applicable). Shareholders who for any reason have difficulty in accessing the Current Corporate Communication posted on the Company ...

Regina Miracle International (Holdings) Limited 維珍妮國際（控股）有限公司 (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立的有限公司） (Stock Code / 股份代號：2199） N OT IF IC ATI ON LET TE R 通 知 信 函 18 December 2025 Dear Non-registered holder(Notes) , The English and Chinese versions of the Company's Current Corporate Communication are available on the Company's website at www.reginamiracleholdings.com and the HKEXnews website of The Stock Exchange of Hong Kong Limited (the "HKEXnews website") at www.hkexne ...

Group 1 - Citic Securities maintains a "Buy" rating for Kuaishou-W (01024.HK), highlighting the significant upgrade of Kuaishou's AI capabilities, which is expected to drive commercial growth and optimize platform ecology and profit margins [1] - CICC maintains an "Outperform" rating for Hang Lung Properties (00101.HK) with a target price of HKD 9.46, noting the company's strategic expansion in Wuxi, which will increase retail space by 38% and enhance its luxury positioning [1] - Citic Securities maintains a "Buy" rating for Giant Bio (02367.HK) with a target price of HKD 44, despite a downward adjustment in profit forecasts due to sales pressure during the Double Eleven shopping festival [1] Group 2 - Citic Securities maintains a "Buy" rating for Xiaomi Group-W (01810.HK), reporting a significant increase in automotive business revenue, which reached RMB 28.3 billion, a year-on-year growth of 197.9%, marking its first profitable quarter [2] - Citic Securities maintains a "Buy" rating for Kelun-Biotech (06990.HK), emphasizing the company's collaboration with Crescent on ADC and dual antibody development, which includes an upfront payment of USD 80 million and potential milestone payments of up to USD 1.25 billion [3] - Citic Securities maintains a "Buy" rating for Virginie (02199.HK) with a target price of HKD 3.5, reporting a 25.7% year-on-year growth in net profit despite tariff disruptions, driven by strong performance in activewear and new business expansions [4] Group 3 - Tianfeng Securities maintains a "Buy" rating for Jiangnan Buyi (03306.HK), forecasting a revenue and net profit growth of 4.6% and 6.0% respectively for FY25, supported by a growing high-spending membership base [5] - Tianfeng Securities maintains a "Buy" rating for Kelun-Biotech (06990.HK), projecting a narrowing of net losses to a profit of RMB 561 million by 2027, highlighting the potential of its ADC product [6] - Everbright Securities maintains a "Buy" rating for Laopu Gold (06181.HK) with a target price of HKD 804.64, reporting a substantial increase in revenue and net profit for the first half of 2025, driven by the growing market for traditional gold products [7][8]

Company Overview - Virginie is a leading global manufacturer in the intimate apparel industry, utilizing the IDM model and three core technologies. The business covers intimate apparel, sports products, consumer electronics accessories, and breast cups. For FY25, the company's revenue and adjusted net profit are projected to be HKD 7.84 billion and HKD 400 million, respectively [1]. Product Expansion and Client Diversification - The company has developed a diverse technology matrix based on three core technologies: computer modeling, three-dimensional molding, and seamless bonding. It has expanded from traditional intimate apparel to sports bras, leggings, functional sportswear, and consumer electronics accessories. Sports products have become the second-largest category, accounting for 37% of total revenue in FY25, with intimate apparel at 54%, consumer electronics accessories at 5%, and breast cups at 3%. The revenue for Bonding sportswear is expected to grow by 50% in FY25 and 40% in the first half of FY26, with Bonding sportswear accounting for over 40% of sports product revenue in the first half of FY26. The client base has diversified from early reliance on Victoria's Secret (35% revenue share in FY2014) to include Uniqlo, as well as international sports brands like NIKE, Adidas, Lululemon, and On [2]. Production Capacity and Cost Management - The company's production capacity is distributed with 85% in Vietnam and 15% in China. The Vietnamese production base is strategically planned by category, with six factories to meet U.S. market demand and effectively control tariff risks. The domestic production capacity relocation from Shenzhen to Zhaoqing is nearing completion, with ongoing efforts to enhance production efficiency. In terms of profitability, the company faced restructuring and interest costs due to the relocation, with restructuring costs and interest expenses projected at HKD 220 million and HKD 340 million for FY25, respectively. Future capital expenditures are expected to be manageable, with an estimated HKD 250 million for FY26 and under HKD 150 million annually for the next three years, compared to a peak of HKD 1.21 billion in FY19. The company's EBITDA for FY25 is projected at HKD 1.06 billion, with a goal to reduce debt by at least HKD 1 billion over the next 3-4 years, which, combined with anticipated interest rate reductions, may lead to savings in interest expenses and cost optimization [3].

Group 1 - The core viewpoint of the report is that Minyin International initiates coverage on Virginie (02199) with a "Buy" rating, highlighting its position as a leading manufacturer in the intimate apparel industry, utilizing the IDM model and three core technologies [1] - Virginie has successfully expanded its technological advantages into high-growth areas such as sportswear, with sports products becoming the second-largest business segment [1][2] - The company is expected to enhance profitability and efficiency through optimized customer structure, mature capacity layout in Vietnam, and the near completion of domestic factory relocation [1] Group 2 - Virginie is a top-tier manufacturer in the global intimate apparel industry, employing the IDM model and relying on three core technologies, with projected FY25 revenue and adjusted net profit of HKD 7.84 billion and HKD 400 million respectively [2] - The company has diversified its product offerings from traditional intimate apparel to include sportswear, tight-fitting pants, functional sportswear, and consumer electronic accessories, with sports products accounting for 37% of total revenue in FY25 [3] - The customer base has evolved from reliance on Victoria's Secret (35% revenue share in FY2014) to include brands like Uniqlo, NIKE, Adidas, Lululemon, and On [3] Group 3 - Virginie's production capacity is distributed with 85% in Vietnam and 15% in China, with six factories in Vietnam planned by product category to meet U.S. market demands and effectively manage tariff risks [4] - The company has faced restructuring and interest costs due to the relocation of its Shenzhen factory to Zhaoqing, with FY25 restructuring and interest costs projected at HKD 220 million and HKD 340 million respectively [4] - Future capital expenditures are expected to be manageable, with FY26 capital expenditure estimated at HKD 250 million, and a target to reduce debt by at least HKD 1 billion over the next 3-4 years [4]

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11月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 維珍妮國際(控股)有限公司 呈交日期: 2025年12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) | 02199 | 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 | USD | | 0.01 | USD | | 500,000,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 50,000,000,000 | USD | | 0.01 | USD | | 500,000,000 | 本 ...

Core Points - The company reported a revenue of HKD 3.84 billion for the six months ending September 30, 2025, representing a year-on-year decrease of 3.45% [1] - The profit attributable to the company's owners was HKD 145 million, showing a significant year-on-year increase of 114.25% [1] - Earnings per share were reported at HKD 0.118, with a dividend of HKD 0.057 per share [1] Business Performance - The decline in revenue was attributed to factors such as tariff fluctuations, adjustments in product strategies by certain brand partners, and weak market demand affecting the intimate apparel business [1]