格隆汇12月10日丨宝胜国际(03813.HK)发布公告，2025年11月，公司本月综合经营收益净额(即相当于 总销售额减销售折扣及销售退货)为人民币11.72亿元，与去年同月相比下跌5.1%。 公司截至2025年11月30日止11个月的综合累计经营收益净额为人民币157.84亿元，与去年同期相比下跌 6.8%。 ...

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。 由於裕元於今日公佈其若干綜合財務資料，故本公司根據聯交所證券上市規則（「上 市規則」）第13.09(2)條及證券及期貨條例（第571章）（「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。以下項目摘錄自本公司及其子 公司之未經審核管理賬目。 1 POU SHENG INTERNATIONAL (HOLDINGS) LIMITED 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） 二零二五年十一月之每月收益公告 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 ...

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 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 | 本月底法定/註冊股本總額： HKD 300,000,000 FF301 第 1 頁 共 10 頁 v ...

Core Viewpoint - The company reported a decline in revenue and profit for the nine months ending September 30, 2025, primarily due to weak consumer confidence and high industry inventory levels, leading to reduced foot traffic and intense price competition [1] Financial Performance - The company achieved a revenue of 12.903 billion RMB, representing a year-on-year decrease of 7.73% [1] - The profit attributable to shareholders was 171 million RMB, down 50.15% year-on-year [1] Market Conditions - The company continues to face challenges from low consumer confidence and high inventory levels in the industry, resulting in weak customer traffic and severe price competition [1] - The third quarter is noted as a low season for retail, exacerbating the impact of reduced sales scale [1] Strategic Responses - The company is actively implementing dynamic inventory management, strict cost control, and organizational strategy adjustments to mitigate the challenges [1] - Despite the pressures on offline retail channels, the company is enhancing its omnichannel capabilities, with a steady trend in online sales helping to alleviate some of the pressures [1]

Core Viewpoint - The company reported a significant decline in revenue and profit due to low consumer confidence and high industry inventory levels, leading to weak foot traffic and intense price competition [1] Financial Performance - For the nine months ending September 30, 2025, the company recorded revenue of approximately RMB 12.903 billion, a decrease of 7.7% compared to the same period last year [1] - The profit attributable to the company's owners decreased by 50.1% to approximately RMB 171 million [1] Market Conditions - The company continues to face challenges from low consumer confidence and high inventory levels in the industry, resulting in weak customer traffic and severe price competition [1] - The third quarter is identified as a low season for retail business, exacerbating the impact of reduced sales scale [1] Strategic Responses - The company is actively promoting dynamic inventory management, strict cost control, and organizational strategy adjustments to mitigate the challenges [1] - Despite the difficulties, the company is enhancing its omnichannel capabilities, with a steady trend in online sales helping to alleviate pressure on its offline retail channels [1]

Financial Performance - For the nine months ended September 30, 2025, the company reported revenue of approximately RMB 12,902.8 million, a decrease of 7.7% compared to RMB 13,984.2 million in the same period last year[9] - The company's net profit attributable to shareholders for the same period was approximately RMB 171.0 million, representing a significant decline of 50.1% from RMB 343.0 million year-on-year[9] - Gross profit for the nine months was RMB 4,320.1 million, down 9.2% from RMB 4,758.2 million in the previous year[9] - Operating profit decreased by 41.5% to RMB 300.3 million from RMB 513.6 million in the prior year[9] - The gross margin for the period was 33.5%, a slight decrease of 0.5 percentage points from 34.0% in the previous year[9] - The operating margin fell to 2.3%, down 1.4 percentage points from 3.7% year-on-year[9] - The net profit margin also decreased to 1.4%, down 1.1 percentage points from 2.5% in the previous year[9] Challenges and Strategies - The company continues to face challenges such as low consumer confidence and high industry inventory levels, leading to weak foot traffic and intense price competition[7] - The company is enhancing its omnichannel capabilities, with online sales trends remaining robust, partially alleviating pressure on offline retail channels[7] - The company's net cash position remains strong despite the challenging operating environment[8]

Financial Performance - Revenue decreased by 7.7% YoY from RMB 13,984 million to RMB 12,903 million[14] - Gross profit decreased by 9.2% YoY from RMB 4,758 million to RMB 4,320 million[14] - Operating profit decreased significantly by 41.6% YoY from RMB 514 million to RMB 300 million[14] - Profit for the period decreased by 46.8% YoY from RMB 348 million to RMB 185 million[14] - Profit attributable to owners of Pou Sheng decreased by 50.1% YoY from RMB 343 million to RMB 171 million[14] - Net cash decreased by 27.1% YoY from RMB 2,729.3 million to RMB 1,990.8 million[31] Financial Ratios - SG&A expenses decreased by 5.6% YoY from RMB 4,420 million to RMB 4,173 million[14] - Online contribution reached a historical high, accounted for 33% of total sales, up 13% YoY[11] - Total borrowings to equity increased by 1.5 percentage points YoY, from 0.7% to 2.2%[31] Operational Highlights - Number of direct operated stores decreased by 3.5% YoY[24] - Employee numbers decreased by 8% YoY from 20,300 to 18,600[24] - Omni-channel accounted for 33% of revenue[36]

Core Insights - The company reported a net operating revenue of 1.709 billion RMB for October 2025, a decrease of 0.7% compared to October 2024, which had a revenue of 1.721 billion RMB [1] - For the ten months ending October 31, 2025, the cumulative net operating revenue was 14.612 billion RMB, down 7.0% from 15.705 billion RMB in the same period of 2024 [1] Financial Performance - October 2025 net operating revenue: 1.709 billion RMB [1] - October 2024 net operating revenue: 1.721 billion RMB [1] - Cumulative net operating revenue for ten months ending October 31, 2025: 14.612 billion RMB [1] - Cumulative net operating revenue for the same period in 2024: 15.705 billion RMB [1]

Core Viewpoint - The company reported a decline in net operating revenue for October 2025 compared to the previous year, indicating a downward trend in financial performance [1] Financial Performance - The net operating revenue for October 2025 was 1.709 billion RMB, a decrease of 0.7% from 1.721 billion RMB in October 2024 [1] - The cumulative net operating revenue for the ten months ending October 31, 2025, was 14.612 billion RMB, down 7.0% from 15.705 billion RMB in the same period of 2024 [1]

Core Insights - The company reported a net operating revenue of RMB 1.709 billion for October 2025, reflecting a decrease of 0.7% compared to the same month last year [1] - For the ten months ending October 31, 2025, the cumulative net operating revenue amounted to RMB 14.612 billion, which represents a decline of 7.0% year-on-year [1] Financial Performance - October 2025 net operating revenue: RMB 1.709 billion, down 0.7% year-on-year [1] - Cumulative net operating revenue for the first ten months of 2025: RMB 14.612 billion, down 7.0% year-on-year [1]