锦兴国际控股(02307)公布2025年中期业绩，收益约18.43亿港元，同比增长1.77%;公司普通股本持有人 应占溢利641.1万港元，同比增长68.05%;每股盈利0.7港仙。 公告称，受惠于对集团布料及成衣制品稳定的需求，销售收入维持稳定水平。 溢利增加乃主要归因于 上述毛利率改善以及行政成本及融资成本减少。 ...

公告称，受惠于对集团布料及成衣制品稳定的需求，销售收入维持稳定水平。溢利增加乃主要归因于上 述毛利率改善以及行政成本及融资成本减少。 锦兴国际控股(02307)公布2025年中期业绩，收益约18.43亿港元，同比增长1.77%;公司普通股本持有人 应占溢利641.1万港元，同比增长68.05%;每股盈利0.7港仙。 ...

Group 1 - The core viewpoint of the article highlights that Jinxing International Holdings (02307.HK) reported a revenue increase of approximately 1.8% year-on-year to about HKD 1.843 billion for the first half of 2025, along with a gross profit increase of about 5.9% to approximately HKD 209 million [1] - The company recorded a profit attributable to ordinary shareholders of HKD 6.4 million, representing a significant year-on-year increase of 68.0% [1] - Basic earnings per share for the period were approximately HKD 0.007 [1] Group 2 - Despite intense market competition and geopolitical uncertainties, the company's textile and apparel business maintained stable performance [1] - The company's textile products are primarily sold to apparel manufacturers in Asia, while apparel products are exported to Europe and Canada, resulting in minimal direct impact from U.S. tariffs [1] - The company's production triangle of "China + Vietnam + Cambodia" has been strengthened, utilizing multi-location production solutions to secure orders from global brand clients [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之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何部 分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 （ 於 開 曼 群 島 註 冊 成 立 之 有 限 公 司 ） （股份代號：02307） 截至二零二五年六月三十日止六個月之 中期業績公佈 錦興國際控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此公佈本公司及 其附屬公司（統稱「本集團」）截至二零二五年六月三十日止六個月（「期間」）之未審 核簡明綜合財務業績，連同二零二四年同期之比較數字如下： 簡明綜合損益表 截至二零二五年六月三十日止六個月 | | | 截至 | 截至 | | --- | --- | --- | --- | | | | 二零二五年 | 二零二四年 | | | | 六月三十日 | 六月三十日 | | | | 止六個月 | 止六個月 | | | 附註 | 千港元 | 千港元 | | | | （未審核） | （未審核） | | 收益 | 2, 3 | 1,842,985 | 1,810,902 | | 銷售成本 | | (1,63 ...

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之內容概不負責，對其準確性或完整 性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何部分內容而產生或因倚賴該等內容而引 致之任何損失承擔任何責任。 KAM HING INTERNATIONAL HOLDINGS LIMITED 錦興國際控股有限公司 於本公佈日期，董事會包括執行董事戴錦春先生、戴錦文先生、張素雲女士、黃少玉 女士；非執行董事李向民先生；及獨立非執行董事何智恒先生、丁基龍先生及吳德龍 先生。 錦興國際控股有限公司（「本公司」）董事會（「董事會」）宣佈，本公司將於二零 二五年八月十九日（星期二）舉行董事會會議，以考慮及通過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之中期業績及其發佈，以及建議派付中期股息（如 有），並商議任何其他事項。 承董事會命 錦興國際控股有限公司 主席 戴錦春 香港，二零二五年八月四日 (於開曼群島註冊成立之有限公司) (股份代號: 02307) 董事會會議通告 ...

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7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: 錦興國際控股有限公司 第 1 頁 共 10 頁 v 1.1.1 FF301 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) | 02307 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.1 | HKD | | 200,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.1 | HKD | ...

Company Overview - Jin Xing International Holdings Limited was established in 1996 and listed on the Hong Kong Stock Exchange in 2004, with its headquarters in Hong Kong [2] - The company is a globally recognized manufacturer of knitted fabrics and colored yarns, operating as a large-scale integrated textile enterprise [2] - Jin Xing has over 7,300 employees and maintains production bases in Guangzhou and Enping, Guangdong Province, China [2] - The company emphasizes quality and has received ISO 9001:2008 certification from TUV Rheinland in 2009 [2] Financial Performance - As of December 31, 2024, Jin Xing reported total revenue of 3.541 billion yuan, a year-on-year increase of 6.1% [1] - The net profit attributable to shareholders was 26.0727 million yuan, reflecting a significant year-on-year growth of 121.18% [1] - The gross profit margin stood at 11.04%, with a debt-to-asset ratio of 49.88% [1] Market Position and Valuation - Jin Xing's price-to-earnings (P/E) ratio is 5.1, ranking 12th in the textile and apparel industry, which has an average P/E ratio of -13.67 [1] - The company has outperformed the Hang Seng Index, with a year-to-date increase of 36.28%, surpassing the index's growth of 19.08% [1] - Other companies in the industry have varying P/E ratios, with FAST RETAIL-DRS at 0.37, Zhejiang Yong'an at 1.34, and others [1]

Financial Performance - The company reported a total revenue of approximately HKD 3,824,300,000 for the fiscal year 2024, representing a year-on-year increase of 6.1%[21]. - The EBITDA for the fiscal year 2024 was HKD 314,938,000, showing an improvement compared to the previous year's HKD 239,379,000[7]. - The net profit attributable to ordinary shareholders for the fiscal year 2024 was approximately HKD 28,200,000, a significant recovery from a net loss of HKD 131,089,000 in 2023[21]. - The gross profit margin for the fiscal year 2024 was reported at 11.0%, an increase from 8.2% in 2023[8]. - The group's overall revenue increased by approximately 6.1% year-on-year to HKD 3,824,300,000, with gross profit rising by about 43.1% to approximately HKD 422,400,000[31]. - The net profit attributable to ordinary shareholders was HKD 28,200,000, a significant turnaround from a net loss of HKD 132,900,000 in the previous year[31]. - The gross profit rose by approximately 43.1% to about HKD 422,400,000, with a gross profit margin increasing to approximately 11.0% from 8.2% in 2023[38]. - The company reported a significant reduction in financing costs to HKD 57,550,000 in 2024 from HKD 104,734,000 in 2023[182]. - The company reported a profit of HKD 28,155,000 for the year, compared to a loss of HKD 132,908,000 in the previous year[186]. - Total comprehensive income for the year amounted to HKD 70,160,000, compared to a total comprehensive loss of HKD 257,710,000 in the previous year[186]. Dividends and Shareholder Returns - The company plans to pay a final dividend of HKD 0.7 per share for the fiscal year 2024, compared to no dividend in 2023[22]. - The board proposed a final dividend of HKD 0.007 per ordinary share, compared to no dividend in 2023, pending shareholder approval[47]. - The company proposed a final dividend of HKD 0.7 per share for the current year, compared to no dividend in 2023[129]. Acquisitions and Expansion - The company signed a memorandum of understanding to acquire 100% of Korea Textile & Dyeing Support Services Joint Stock Company for approximately USD 10,800,000, enhancing production capacity in Vietnam[20]. - The group plans to enhance its Southeast Asian manufacturing capacity by acquiring Korea Textile & Dyeing Support Services Joint Stock Company for a total cash consideration of approximately HKD 83,892,000[33]. - The acquisition of KTD will allow the group to utilize existing infrastructure without the need for new land and construction investments, rapidly increasing its manufacturing capacity in Vietnam[33]. - The group recorded a gain of approximately HKD 32,598,000 from the sale of a subsidiary in Vietnam, with the proceeds allocated for the acquisition of KTD and integration of operations[34]. - The group aims to strengthen its production triangle of "China + Vietnam + Cambodia" to address geopolitical uncertainties and enhance customer retention[24]. Debt and Financial Position - The company has reduced its debt levels over the past two years, minimizing borrowing and financing costs[21]. - The company’s asset-liability ratio improved to 37.3% in 2024, down from 42.3% in 2023, indicating a stronger balance sheet[8]. - The total bank borrowings amounted to approximately HKD 886,900,000, a decrease from HKD 1,261,500,000 in 2023, with a net debt to equity ratio of approximately 37.3%[44]. - Non-current liabilities decreased from HKD 396,169,000 to HKD 228,161,000, a reduction of approximately 42.5%[185]. Operational Efficiency and Strategy - The company is strategically expanding its operations in Southeast Asia to capitalize on market conditions and improve operational efficiency[20]. - The company is focusing on integrating newly acquired factories in Vietnam to further increase production capacity and expand its range of value-added products and services[24]. - The company aims to explore potential investment opportunities in Southeast Asia to mitigate geopolitical risks and reduce operational costs[36]. Governance and Compliance - The company has complied with listing rules regarding independent non-executive directors, with three such directors making up at least one-third of the board[71]. - The chairman and CEO roles are separated, ensuring distinct leadership and management responsibilities[72]. - The company has established a remuneration committee to review and recommend adjustments to executive directors' remuneration[75]. - The board consists of 50.0% executive directors, 12.5% non-executive directors, and 37.5% independent non-executive directors, exceeding the requirement of at least one-third independent directors[81]. - The company has achieved its gender diversity target with 25% of board members being female, totaling 2 out of 8 directors[81]. Risk Management and Internal Controls - The company has adopted a dividend policy that considers financial performance, cash flow, and future business needs, with no predetermined dividend rate[98]. - The risk management system is designed to provide reasonable assurance against significant misstatements or losses, with ongoing reviews conducted by the board[96][97]. - The board is responsible for maintaining an effective internal control system to safeguard shareholder investments and company assets[94]. - The internal audit department reviews the effectiveness of the internal control system and risk management procedures, with no significant failures reported in the current year[94][97]. Environmental, Social, and Governance (ESG) - The board regularly reviews the company's environmental, social, and governance (ESG) strategies and reports[107]. - The company has implemented a whistleblowing policy to maintain high levels of transparency and accountability[105]. - A zero-tolerance policy towards bribery and corruption is enforced, ensuring business integrity and fairness[106]. - The company has adopted strict environmental protection measures to comply with current environmental laws and regulations[122]. - There were no violations of environmental regulations that significantly impacted the company's development and performance during the fiscal year[123]. Employee Relations and Workforce - The number of employees in China decreased to 3,638 from 3,806 in 2023, while employees in Cambodia increased to 3,356 from 2,734[53]. - As of December 31, 2024, approximately 53% of the overall employee team, including senior management, are female, reflecting the company's commitment to gender diversity[87]. - Maintaining good relationships with employees, customers, and suppliers is considered a key factor for the company's stable development[126]. Financial Reporting and Audit - The audit opinion confirms that the consolidated financial statements present a true and fair view of the group's financial position and performance in accordance with Hong Kong Financial Reporting Standards[165]. - The audit committee assists the board in overseeing the financial reporting process, ensuring compliance with relevant regulations[175]. - The independent auditor's report does not cover other information included in the annual report, focusing solely on the consolidated financial statements[173].

Financial Performance - Revenue increased by 6.1% to HKD 3,824,300,000 compared to HKD 3,604,400,000 in the previous year[2] - Gross profit rose by 43.1% to HKD 422,400,000 from HKD 295,200,000 in the previous year[2] - Net profit attributable to ordinary shareholders was HKD 28,200,000, a significant recovery from a net loss of HKD 132,900,000 in the previous year[2] - Proposed final dividend of HKD 0.007 per share, compared to no dividend in the previous year[2] - Basic and diluted earnings per share improved to HKD 0.032 from a loss of HKD 0.153 in the previous year[3] - Total comprehensive income for the year amounted to HKD 70,500,000, compared to a loss of HKD 259,573,000 in the previous year[4] - The group reported a profit before tax of HKD 41,469,000 for the fiscal year ending December 31, 2024, compared to a loss before tax of HKD 124,990,000 for the fiscal year ending December 31, 2023[14][15] - The group reported a net profit of HKD 28,495,000 for the fiscal year ending December 31, 2024, compared to a net loss of HKD 134,771,000 for the fiscal year ending December 31, 2023[14][15] - Total revenue for 2024 reached HKD 3,824,324,000, an increase of 6.1% from HKD 3,604,357,000 in 2023[16] Assets and Liabilities - Non-current assets decreased to HKD 1,266,432,000 from HKD 1,282,225,000 in the previous year[5] - Current assets decreased to HKD 2,169,299,000 from HKD 2,497,861,000 in the previous year[5] - Total liabilities decreased to HKD 1,485,664,000 from HKD 1,733,466,000 in the previous year[6] - Net asset value increased to HKD 1,721,906,000 from HKD 1,650,451,000 in the previous year[6] - The total assets as of December 31, 2024, were HKD 3,435,731,000, while total liabilities were HKD 1,713,825,000[14] - The group's total liabilities as of December 31, 2023, were HKD 2,129,635,000, with total assets of HKD 3,780,086,000[15] - The company's accounts receivable increased to HKD 344,948,000 in 2024 from HKD 326,263,000 in 2023, with a net value of HKD 338,683,000 after impairment[28] - The total accounts payable decreased to HKD 607,894,000 in 2024 from HKD 678,829,000 in 2023, with accounts payable due within three months amounting to HKD 513,855,000[29] Revenue Segmentation - The total revenue for the fiscal year ending December 31, 2024, was HKD 3,824,324,000, with external customer revenue from the fabric segment at HKD 3,038,178,000 and the garment segment at HKD 786,146,000[14] - Revenue from the fabric segment to a single major customer amounted to HKD 681,762,000 in 2024, up from HKD 517,301,000 in 2023, representing a growth of 31.7%[18] - Revenue from the production and sale of knitted fabrics and related processing services was HKD 3,038,178,000 in 2024, compared to HKD 2,944,793,000 in 2023, reflecting an increase of 3.2%[19] - Revenue from the Singapore market increased significantly to HKD 437,161,000 in 2024, up from HKD 257,168,000 in 2023, representing a growth of 70%[16] - The company’s revenue from the Korean market was HKD 1,620,700,000 in 2024, an increase of 13.3% from HKD 1,430,276,000 in 2023[16] - The textile business accounted for approximately 79.4% of total revenue, while the apparel business contributed about 20.6%[33] Operational Developments - The company plans to expand its market presence and invest in new product development to drive future growth[19] - The group’s textile and garment orders significantly increased, with the production schedule for Q1 2025 fully booked[37] - The group anticipates that its integrated facilities in Vietnam will contribute no less than 25% to its total textile output in the long term[37] - The company has established a strategic partnership with TPT in Vietnam to enhance production capabilities and meet the growing demand for diversified supply chain solutions[33] Capital Expenditures and Investments - Capital expenditures for the fiscal year ending December 31, 2024, amounted to HKD 91,637,000, compared to HKD 170,408,000 for the fiscal year ending December 31, 2023[14][15] - Capital expenditures for the year were approximately HKD 91,600,000, a decrease from HKD 170,400,000 in 2023, with 83.2% allocated for purchasing plants and machinery[52] - The group has agreed to acquire 100% of KTD for a cash consideration of USD 4,347,894 (approximately HKD 33,913,000) and USD 6,407,597 (approximately HKD 49,979,000) for settling debts, with the acquisition pending completion[59] - The company plans to acquire 100% of Korea Textile & Dyeing Support Joint Stock Company for a total cash consideration of approximately HKD 83,892,000, enhancing its manufacturing capacity in Southeast Asia[34] - The company recorded a gain of approximately HKD 32,598,000 from the sale of a subsidiary in Vietnam, which will be used to fund the acquisition of KTD and integrate its operations[35] Financial Management - Financing costs decreased by approximately 45.1% to about HKD 57,600,000, down from HKD 104,700,000 in 2023, primarily due to a reduction in average bank borrowings[40] - The group maintained a prudent treasury policy to mitigate financial risks related to interest and exchange rate fluctuations[60] - The group did not engage in any equity fundraising activities during the year[61] - There were no significant investments held that accounted for 5% or more of the group's total assets as of December 31, 2024[57] Corporate Governance - The board proposed a final dividend of HKD 0.007 per ordinary share, compared to no dividend in 2023, pending shareholder approval[49] - The board expresses gratitude to management, employees, business partners, customers, and shareholders for their continued support throughout the year[71] - The board of directors includes executive directors Mr. Dai Jin Chun, Mr. Dai Jin Wen, Ms. Zhang Su Yun, and Ms. Huang Shao Yu, along with non-executive and independent directors[72] - The announcement is made under the authority of the chairman, Mr. Dai Jin Chun, on March 31, 2025[73] Employment and Workforce - The group employed 3,638 staff in China as of December 31, 2024, a decrease from 3,806 in 2023, while employment in Cambodia increased to 3,356 from 2,734[54] Market Performance - Sales from the five major regions (South Korea, Mainland China, Singapore, Hong Kong, and Taiwan) accounted for approximately 82.3% of total sales, up from 77.1% in 2023, with South Korea representing 42.4% of total sales[55]

Financial Performance - The group's overall revenue increased by approximately 5.2% year-on-year to HKD 1,810,900,000, with gross profit rising by about 28.6% to approximately HKD 197,900,000[5]. - The group recorded a profit attributable to ordinary shareholders of HKD 3,800,000, a significant improvement from a loss of HKD 24,700,000 in the same period last year[5]. - Basic earnings per share for the period were approximately HKD 0.004, compared to a basic loss per share of HKD 0.028 for the same period last year[5]. - Total sales revenue for the period was approximately HKD 1,810,900,000, representing an increase of about 5.2% compared to HKD 1,721,400,000 for the same period last year[9]. - Gross profit for the period was approximately HKD 197,900,000, an increase of about 28.6% from HKD 153,900,000, with the gross profit margin rising to approximately 10.9% from 8.9%[10]. - The total comprehensive income for the period was HKD 3,970,000, compared to a total comprehensive loss of HKD 157,211,000 in the previous year[27]. - The company reported a profit of HKD 3,970,000 for the six months ended June 30, 2024, a turnaround from a loss of HKD 25,237,000 in the previous year[26]. - The company reported a net profit of HKD 3,815,000 for the six months ended June 30, 2024, compared to a net loss of HKD 24,726,000 for the same period in 2023[48]. Revenue Breakdown - The textile and garment businesses accounted for approximately 81.6% and 18.4% of total revenue, respectively[5]. - Revenue from fabric sales was HKD 1,477,142,000, while garment sales generated HKD 333,760,000 for the six months ended June 30, 2024[41]. - Revenue from major customer A was HKD 319,916,000 for the six months ended June 30, 2024, up from HKD 227,247,000 in the same period of 2023[37]. - Revenue from external customers in South Korea was HKD 795,036,000 for the six months ended June 30, 2024, compared to HKD 677,760,000 in the same period of 2023, reflecting a growth of 17.4%[37]. Expenses and Costs - Selling and distribution expenses increased to approximately HKD 52,600,000 from HKD 46,700,000, consistent with the increase in sales volume[11]. - Administrative expenses decreased to approximately HKD 138,600,000 from HKD 157,300,000, due to a reduction in employee numbers following a restructuring[12]. - Financing costs for the period were approximately HKD 31,800,000, down from HKD 45,900,000, attributed to a decrease in total bank borrowings[13]. - The cost of sales and services for the six months ended June 30, 2024, was HKD 1,613,029,000, compared to HKD 1,567,512,000 in 2023, indicating an increase in operational costs[44]. Assets and Liabilities - As of June 30, 2024, the group's current assets net value was approximately HKD 806,900,000, up from HKD 764,400,000 at the end of the previous year[15]. - The total assets as of June 30, 2024, amounted to HKD 3,333,759,000, compared to HKD 3,780,086,000 as of December 31, 2023[38]. - The total liabilities as of June 30, 2024, were HKD 1,679,338,000, a decrease from HKD 2,129,635,000 as of December 31, 2023[38]. - The total liabilities decreased from HKD 3,729,635 thousand to HKD 3,683,866 thousand, a decrease of about 1.2%[29]. - Cash and cash equivalents significantly decreased to HKD 418,955 thousand from HKD 1,327,164 thousand, a decline of approximately 68.4%[30]. Production and Capacity - The group has strengthened its offshore production network in Southeast Asia, signing a framework cooperation agreement with The HOA Textile And Garment Company Limited in Vietnam to expand production capacity[6]. - The group aims to continue investing in capacity expansion and technological advancements to better serve customers and enhance competitiveness[6]. - The company entered into a 10-year lease agreement for a fabric knitting factory in Vietnam to enhance production capacity[18]. Market Outlook - The group maintains a cautious optimism for the second half of 2024, with signs of economic improvement and a decrease in the U.S. inflation rate to 3% as of July 2024[7]. - The global economic growth forecast has been adjusted from 2.4% to 2.6%, indicating increasing confidence in economic resilience[7]. - The group aims to leverage its flexible business model and production capacity to capitalize on market opportunities during economic instability[8]. Shareholder Information - Major shareholders include Exceed Standard Limited holding 332,600,000 shares (38.23%) and Power Strategy Limited holding 96,000,000 shares (11.04%) as of June 30, 2024[24]. - The company did not declare any interim dividend for the six months ended June 30, 2023[16]. - The company did not declare any interim dividends for the period ended June 30, 2024, consistent with the previous year[26]. Financial Management - The company has adopted a prudent treasury policy to mitigate financial risks related to interest and exchange rate fluctuations[18]. - The company did not engage in any purchase, redemption, or sale of its listed securities during the reporting period[24]. - No equity fundraising activities or stock sales were conducted during the period[18].