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） 二零二五年九月之每月收益公告 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。 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。 月份：二零二五年九月 邱暉堯先生（主席）、蔡佩君女士及李義男先生 承董事會命 主席 邱暉堯 香港，二零二五年十月十三日 於本公告日期，董事會成員包括： 非執行董事 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」 ...

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9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: 寶勝國際(控股)有限公司 呈交日期: 2025年10月3日 第 2 頁 共 10 頁 v 1.1.1 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 | HK ...

Major Events - The clinical trial for the combination treatment of Tienogtinin and Furvestrant for HR-positive/HER2-negative or low-expressing recurrent or metastatic breast cancer has been approved for Phase II [1] - Feiyang Group's subsidiary signed a strategic cooperation framework agreement with Qingdao Cultural Property Exchange Center for potential collaboration in the digitalization of cultural tourism assets [1] - Kaizhile International entered the TCG sector by reaching an operational service cooperation with the globally renowned IP Pokémon [1] - CIMC Group's BWO plans to lease two lifting living platforms, "Huaye Long" and "Huashang Long," to Hailong 16 and Hailong 17 companies [1] - Goldwind Technology intends to invest 18.92 billion in building a wind-hydrogen-ammonia integrated project in Inner Mongolia [1] Financial Data - Zhongyuan Jianye reported a contract sales of 7.28 billion for the first eight months, a year-on-year decrease of 20.0% [1] - Jianye Real Estate's total property contract sales for the first eight months reached 5.62 billion, down 5.0% year-on-year [1] - Baoshen International's cumulative operating income net for the first eight months was approximately 11.555 billion, a decline of 8.1% year-on-year [1] - China Resources Power's subsidiary power plants sold a total of 144 million megawatt-hours in the first eight months, an increase of 5.9% year-on-year [1] - Jiangshan Holdings reported a total solar power generation of approximately 218.2 thousand megawatt-hours in the first eight months, a decrease of 3.55% year-on-year [1]

Group 1 - The company reported a net operating income of approximately 1.241 billion for September 2025, representing a year-on-year decline of 6.0% [1] - The cumulative net operating income for the first eight months was approximately 11.555 billion, showing a year-on-year decrease of 8.1% [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 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） 二零二五年八月之每月收益公告 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」）上市公司寶成工業股份 有限公司（「寶成工業」）之子公司。根據臺灣證券交易所 ...

Financial Performance - Revenue for the six months ended June 30, 2025, was RMB 9,159,425 thousand, a decrease of 8.3% compared to RMB 9,983,269 thousand in 2024[7] - Gross profit decreased by 10.1% to RMB 3,069,210 thousand, with a gross margin of 33.5%, down 0.7 percentage points from 34.2%[7] - Operating profit fell by 41.6% to RMB 281,596 thousand, resulting in an operating margin of 3.1%, down 1.7 percentage points from 4.8%[7] - Profit attributable to owners of the company decreased by 44.1% to RMB 187,615 thousand, with basic earnings per share of RMB 3.62, down from RMB 6.48[7] - The company's profit for the six months ended June 30, 2025, was RMB 200,106 thousand, a decrease of 40.9% compared to RMB 338,006 thousand for the same period in 2024[15] - Total comprehensive income for the same period was RMB 197,764 thousand, down 42.5% from RMB 342,575 thousand in 2024[15] - Basic and diluted earnings per share for the six months ended June 30, 2025, were RMB 0.036, down from RMB 0.065 in 2024, reflecting a decline of 44.6%[36] - The company’s net profit attributable to shareholders decreased by 44.1% to RMB 187.6 million, resulting in a profit margin of 2.0%, down 1.4 percentage points year-on-year[62] Dividends - The interim dividend was reduced by 42.5% to HKD 0.0115 per share, compared to HKD 0.02 in the previous year[7] - The board has declared an interim dividend of HKD 0.0115 per share for the six months ending June 30, 2025, down from HKD 0.02 per share for the same period in 2024[74] - A special dividend of HKD 0.0115 per share has also been approved, compared to HKD 0.02 per share in the previous period, resulting in a total dividend of HKD 0.0230 per share with a payout ratio of 60%[74] - The record date for the interim and special dividends is September 16, 2025, with the payment scheduled for October 9, 2025[75] Assets and Liabilities - Non-current assets totaled RMB 3,329,854 thousand as of June 30, 2025, a decrease from RMB 3,630,267 thousand at the end of 2024[16] - Current assets amounted to RMB 9,261,076 thousand, slightly down from RMB 9,407,623 thousand at the end of 2024[18] - Current liabilities decreased to RMB 2,844,523 thousand from RMB 3,253,830 thousand at the end of 2024, indicating improved liquidity[18] - The company's net asset value increased to RMB 8,977,358 thousand as of June 30, 2025, compared to RMB 8,870,796 thousand at the end of 2024[18] - The group's asset-liability ratio increased to 2.2% as of June 30, 2025, compared to 0.4% as of December 31, 2024, indicating a rise in leverage[64] Cash Flow - Cash and cash equivalents decreased by 13.2% to RMB 1,232,169 thousand from RMB 1,419,052 thousand[7] - The net cash generated from operating activities for the six months ended June 30, 2025, was RMB 399,258,000, a decrease from RMB 873,308,000 in the same period of 2024[21] - The company incurred a net cash outflow from investing activities of RMB 273,713,000, down from RMB 608,057,000 in the prior year[21] - The company's cash and cash equivalents were RMB 1,232,169 thousand, down from RMB 1,419,052 thousand at the end of 2024[16] - The group's operating cash flow for the period was RMB 399.3 million, indicating a stable cash generation capability[65] Inventory and Costs - Inventory as of June 30, 2025, was RMB 4,865,388 thousand, a slight decrease of 1.6% from RMB 4,946,314 thousand[7] - The average inventory turnover period increased to 146 days from 130 days in the previous year, while inventory at the end of the period decreased to RMB 4,865.4 million[63] - The company’s employee costs totaled RMB 1,053,815,000, a decrease of 3.6% from RMB 1,092,906,000 in the previous period[35] - Total sales and distribution expenses were RMB 2,508.4 million, accounting for 27.4% of revenue, while administrative expenses were RMB 381.9 million, representing 4.2% of revenue[58] Operational Highlights - The company continued to enhance its digital capabilities, integrating its multi-dimensional operational matrix to improve interaction with different consumer groups[52] - The company is focusing on optimizing its store layout and enhancing digital capabilities to improve consumer experience and sales performance[51] - The group signed multiple new lease agreements for retail stores with lease terms generally ranging from 1 to 6 years, resulting in right-of-use assets of RMB 157,629,000 and RMB 76,218,000 respectively[40] - The group has 3,408 directly operated stores in the Greater China region as of June 30, 2025[50] - The group recorded over 100% growth in live-streaming sales, indicating strong performance in private traffic channels[48] - The group continues to optimize its store portfolio and enhance direct store sales conversion rates amid a challenging retail environment[49] Shareholder Information - As of June 30, 2025, the total number of issued shares is 5,326,179,615, with key executives holding a combined total of 19,523,000 shares, representing 0.37% of the issued shares[77] - The major shareholder, Li Shang Management Limited, holds 3,331,551,560 shares, representing 62.55% of the issued shares[87] - The company has a share award plan in place, which was adopted on May 9, 2014, and has been extended for another ten years until May 8, 2034[80] - The total number of shares granted under the share incentive plan cannot exceed 4% of the issued shares as of the grant date, which is 213,047,184 shares[82] - The total number of shares granted to directors and key executives during the reporting period is 800,000 shares, with 1,480,000 shares being forfeited or canceled[83] Governance and Compliance - The company has complied with all applicable code provisions and recommended best practices as per the Corporate Governance Code during the six-month period ending June 30, 2025[94] - The audit committee has reviewed the unaudited condensed consolidated financial information for the six months ending June 30, 2025, and discussed risk management and internal control matters[96] - The board of directors includes non-executive directors, executive directors, and independent non-executive directors as of the report date[98]

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8月31日 狀態: 新提交 公司名稱: 寶勝國際(控股)有限公司 呈交日期: 2025年9月3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) | 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 ...

Group 1 - Company experienced an 8.3% year-on-year decline in revenue, totaling 9.16 billion RMB, due to fluctuating store traffic and increased discounts [1] - Gross margin decreased by 0.7 percentage points to 33.5%, while net profit fell by 44% year-on-year to 190 million RMB, resulting in a net profit margin of 2.1% [1] - Inventory levels remained healthy, with inventory days at 146, below the target of 150 days, and old inventory accounting for less than 9% [1] Group 2 - Online sales showed robust growth of 16%, with live streaming sales exceeding 100% growth, contributing to 33% of total revenue [2] - The company maintained its offline store count at 3,408, with a net closure of 40 stores, while same-store sales declined by 10% to 20% [2] - The company plans to optimize its product mix and develop proprietary brands, with short-term revenue contribution from these brands at only 2-3% [2]

Core Viewpoint - Goldman Sachs reports that Yue Yuen Industrial Holdings Limited (00551) and its subsidiary Pou Chen Corporation (03813) exceeded market expectations for net profit in Q2 2025 by 16% and 49% respectively, primarily due to non-operating income and tax benefits exceeding expectations [1][2] Group 1: Financial Performance - Yue Yuen's Q2 2025 net profit increased by 13% year-on-year, surpassing market consensus by 16%, driven by higher-than-expected non-operating income and lower tax expenses [2][5] - The group's total revenue for Q2 2025 was reported at $2.03 billion, a 1% year-on-year increase, with OEM sales growing by 6.5% [4] - Pou Chen's Q2 2025 revenue decreased by 12% year-on-year, aligning with expectations, while net profit fell by 69% year-on-year but exceeded market expectations by 49% [2][6] Group 2: Operational Insights - OEM business sales showed steady growth, but gross margins were under pressure due to uneven production levels and rising labor costs [2][4] - Inventory levels increased by 4.6% year-on-year, with inventory turnover days at 146, up from 138 in Q1 2025 [8] - The company announced a change in CFO, with Chau Chi Ming taking over the position [2][3] Group 3: Market Focus Areas - Investors should focus on the OEM business, including updates on order outlook for H2 2025 and the impact of tariff changes [3] - In the retail segment (Pou Chen), attention should be given to recent sales trends, inventory status, and performance by brand and product category [3]

Core Viewpoint - Goldman Sachs reports that Yue Yuen Industrial Holdings Limited (00551) and its subsidiary Pou Chen Corporation (03813) exceeded market expectations for net profit in Q2 2025 by 16% and 49% respectively, primarily due to non-operating income and tax benefits exceeding expectations [1][2] Group 1: Financial Performance - Yue Yuen's Q2 2025 net profit increased by 13% year-on-year, surpassing market consensus by 16%, driven mainly by higher-than-expected non-operating income and lower tax expenses [2][5] - The group's total revenue for Q2 2025 was pre-announced at $2.03 billion, reflecting a 1% year-on-year growth, with OEM sales growing by 6.5% [4] - Pou Chen's Q2 2025 revenue was reported at 4.1 billion RMB, a 12% year-on-year decline, while net profit fell by 69% year-on-year but exceeded market expectations by 49% [6][7] Group 2: Operational Insights - The OEM business's gross profit margin was reported at 17.8%, slightly below market expectations of 18.1%, while the retail business's gross profit margin was approximately 34.5%, exceeding expectations of 33.5% [4][6] - Inventory levels increased by 4.6% year-on-year, with inventory turnover days at 146 days, up from 138 days in Q1 2025 [8] - The company announced a change in CFO, with Chau Chi Ming taking over the position [2][3] Group 3: Strategic Focus Areas - Investors should focus on the OEM business, particularly on order visibility and the impact of tariff changes on production efficiency and pricing [3] - In the retail segment, attention should be given to recent sales trends, inventory management, and the performance of brands and product categories [3]