寶勝國際（ 控 股 ）有 限公司 （於百慕達註冊成立之有限公司） （股份代號：3813） 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倚賴該等內容而引致的任何損失承擔任何責任。 POU SHENG INTERNATIONAL (HOLDINGS) LIMITED 香港，二零二五年八月十一日 於本公告日期，董事會成員包括： 二零二五年七月之每月收益公告 本公司為聯交所主板上市公司裕元的子公司。按照國際財務報告準則，裕元被 視為臺灣證交所上市公司寶成工業之子公司。寶成工業根據臺灣證券交易所的 規例規定刊發每月收益公告。 由於裕元於今日公佈其若干綜合財務資料，故本公司根據上市規則第13.09(2)條 及證券及期貨條例第XIVA部刊發本公告，確保及時向投資者提供最新資料。 寶勝國際（控股）有限公司（「本公司」）為香港聯合交易所有限公司（「聯交所」）主 板上市公司裕元工業（集團）有限公司（「裕元」）的子公司。按照國際財務報告準則， 裕元被視為臺灣證券交易所股份有限公司（「臺灣證交所」）上市公司寶成工 ...

Financial Performance - Revenue decreased by 8.3% YoY from RMB 9,983 million to RMB 9,159 million[12] - Gross profit decreased by 10.2% YoY from RMB 3,416 million to RMB 3,069 million, with gross profit margin decreasing by 0.7 percentage points to 33.5%[12] - Operating profit decreased significantly by 41.6% YoY from RMB 483 million to RMB 282 million, with operating profit margin decreasing by 1.7 percentage points to 3.1%[12] - Profit for the period decreased by 40.8% YoY from RMB 338 million to RMB 200 million[12] - Profit attributable to owners of Pou Sheng decreased by 44.0% YoY from RMB 336 million to RMB 188 million[12] Financial Ratios and Management - SG&A expenses decreased by 5.3% YoY from RMB 3,052 million to RMB 2,890 million[12] - The number of employees decreased by 7% YoY from 20,700 to 19,200, reflecting active management on people efficiency[22] - Total borrowings increased significantly by 431.9% YoY from RMB 37 million to RMB 196.8 million[31] - Net cash decreased by 18.7% YoY from RMB 3,071.5 million to RMB 2,497.4 million[31] - Inventory days increased from 130 days in 1H24 to 146 days in 1H25[9] Channel Performance and Strategy - Online contribution reached a historical high, accounting for 33% of total sales, a 16% YoY increase[9] - Livestreaming sales increased by over 100% YoY[9] - Same Store Sales Growth in 1H25 experienced mid-teens percentage growth YoY[8] - The number of directly operated stores decreased by 2% YoY[22]

Group 1 - The article provides an overview of the investment activities of Hong Kong-listed companies on August 11, 2025, including new stock activities, earnings announcements, shareholder meetings, and dividend distributions [1] Group 2 - New stock activities include companies such as ZhiNuo Pharmaceutical-B (currently in the IPO process) and Zhonghui Biotechnology-B (listing date) [1] - Earnings announcements are scheduled for companies like Baosheng International, Yuanyuan Group, and Kang Shifu Holdings among others [1] - Shareholder meetings will be held for companies including Huatai Textile, Shandong Gold, and Sichuan Chengyu Expressway [1] - Dividend distributions are noted for companies like Jianbei Miao Miao and Kangnait Optical, with specific ex-dividend and payment dates mentioned [1]

Core Viewpoint - Traditional sports brand distributors are facing significant challenges due to the dual pressures of direct retail and e-commerce, leading to declining sales and profitability [1][2][3] Group 1: Company Performance - Baosheng International (03813.HK) reported a projected revenue of approximately RMB 91.59 billion for the six months ending June 30, 2025, a decrease of about 8.3% year-on-year, with a profit attributable to shareholders of approximately RMB 1.88 billion, down 44.1% [1] - For the fiscal year 2024, Baosheng International's revenue was approximately RMB 184.54 billion, a decline of 8% year-on-year, while profit attributable to shareholders increased by 0.2% to RMB 4.91 billion [1] - Tmall (06110.HK) announced a total revenue decline of 6.64% to RMB 270.13 billion for the fiscal year 2024/25, with net profit dropping by 41.89% to RMB 12.86 billion [2] Group 2: Market Challenges - Both Baosheng International and Tmall are experiencing store closures, attributed to their reliance on traditional distribution channels, which are becoming less viable in a rapidly changing market [2] - The shift in strategy from some international brands towards direct retail and factory outlet stores has further squeezed the margins and customer base of traditional distributors [2] Group 3: Strategic Adjustments - Baosheng International has begun to seek transformation by partnering with new brands, such as Dynafit and XEXYMIX, to diversify its offerings and enter new market segments like yoga apparel and outdoor sports [3] - Tmall is also pursuing diversification by introducing partnerships with niche brands like norda and Mitchell & Ness, as well as outdoor brands like Norrøna [3] - Despite these efforts, the new brands lack the recognition and market scale of established names like Nike and Adidas, posing a challenge for growth [3] Group 4: Market Dynamics - The commercial real estate sector is witnessing a surge in international sports brands opening new stores in China, indicating a competitive landscape where new brands are eager to establish a presence in high-end commercial projects [4]

致：香港交易及結算所有限公司 公司名稱: 寶勝國際(控股)有限公司 呈交日期: 2025年8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 截至月份: 2025年7月31日 狀態: 新提交 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) | 03813 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 30,000,000,000 | HKD | | 0.01 | HKD | | 300,000,000 | | 增加 / 減少 (-) | | | 0 | | | | HKD | | | | 本月底結存 | | | 30,000,000,000 | HKD | | 0.01 | HKD | | 300,000,000 | 本月 ...

宝胜国际(3813.HK)现跌5.56%至0.51港元，最新市值27亿港元。宝胜国际公布，集团预期截至2025年6月30日止六个月将录得营业收入约人民币91.594亿元及 公司拥有人应占溢利约人民币1.876亿元，分别较去年同期减少约8.3%及44.1%。(格隆汇) ...

Group 1 - The core viewpoint of the article indicates that Baoshan International (03813) has issued a profit warning, leading to a decline of over 7% in its stock price, which is currently down 5.56% at HKD 0.51 with a trading volume of HKD 1.8409 million [1] - The company anticipates a revenue of approximately RMB 9.159 billion and a profit attributable to shareholders of about RMB 188 million for the six months ending June 30, 2025, representing a year-on-year decrease of approximately 8.3% and 44.1% respectively [1] - The announcement highlights that the group is facing a rapidly changing consumer landscape, with weak consumer confidence in mainland China and high inventory levels, resulting in sluggish foot traffic and intense price competition [1] Group 2 - The sales momentum of the retail network has further slowed down, leading to a same-store sales decline of 10% to 20% [1] - Lower-tier cities are also experiencing weak foot traffic, significantly impacting the performance of the group's franchise channels [1] - Despite stringent cost control measures, the decline in sales scale has resulted in operational leverage, compounded by increased discounting in a promotional environment, which has adversely affected the company's profitability [1]

Core Viewpoint - Baoshan International (03813) issued a profit warning, leading to a decline of over 7% in its stock price, which is currently down 5.56% at HKD 0.51, with a trading volume of HKD 1.8409 million [1] Financial Performance - The company expects to achieve a revenue of approximately RMB 9.159 billion and a profit attributable to shareholders of about RMB 188 million for the six months ending June 30, 2025, representing a year-on-year decrease of approximately 8.3% and 44.1% respectively [1] Market Conditions - The group is facing a rapidly changing consumer landscape, with weak consumer confidence in mainland China and high inventory levels, resulting in sluggish foot traffic and intense price competition [1] - The sales momentum of the retail network has further slowed, leading to a same-store sales decline of 10% to 20% [1] - Lower-tier cities are also experiencing weak foot traffic, significantly impacting the performance of the group's franchise channels [1] Operational Challenges - Despite ongoing stringent cost control measures, the decline in sales scale has resulted in operational leverage issues, compounded by increased discounting in a promotional environment, which has adversely affected the company's profitability [1]

Core Viewpoint - Baoshan International (03813) issued a profit warning, leading to a decline of over 7% in its stock price, currently trading at HKD 0.51 with a trading volume of HKD 1.8409 million [1] Financial Performance - The company expects to achieve a revenue of approximately RMB 9.159 billion and a net profit attributable to shareholders of about RMB 188 million for the six months ending June 30, 2025, representing a decrease of approximately 8.3% and 44.1% compared to the same period last year [1] Market Conditions - The group is facing a rapidly changing consumer landscape, with weak consumer confidence in mainland China and high inventory levels, resulting in sluggish foot traffic and intense price competition [1] - The sales momentum of the retail network has further slowed, leading to a same-store sales decline of 10% to 20% [1] - Lower-tier cities are also experiencing weak foot traffic, significantly impacting the performance of the group's franchise channels [1] Operational Challenges - Despite stringent cost control measures, the decline in sales scale has resulted in operational leverage, compounded by increased discounting in a promotional environment, which has adversely affected the company's profitability [1]

Group 1 - Heartway Medical-B (06609.HK) expects a net profit of no less than RMB 40 million for the six months ending June 30, 2025, a significant turnaround from a net loss of approximately RMB 5.1 million for the corresponding period ending June 30, 2024 [1] - The anticipated profit and performance improvement are primarily due to business growth, leading to increased revenue and a decrease in overall expenditure ratio compared to the corresponding period [1] Group 2 - Baoshan International (03813.HK) expects a mid-term net profit of approximately RMB 187.6 million, a year-on-year decrease of 44.1% [2] - Baio Family Interaction (02100.HK) anticipates a mid-term profit increase of approximately 134.9% to 141.6% [2] - Skyworth Group (00751.HK) warns of an expected mid-term post-tax profit decline of about 50% year-on-year [2] Group 3 - China CNR Corporation (01766.HK) recently signed a significant contract worth approximately RMB 32.92 billion [2] - China Power (02380.HK) reported a total electricity sales volume of 11.299 million megawatt-hours in June, a year-on-year decrease of 5.04% [2]