Financial Performance - For the fiscal year ending December 31, 2024, the company's revenue was RMB 18,453,923, a decrease of 8.0% compared to RMB 20,064,497 in 2023[3] - Gross profit for the same period was RMB 6,308,950, down 6.6% from RMB 6,755,980 in the previous year[3] - Operating profit decreased by 3.6% to RMB 709,226 from RMB 735,861 year-on-year[3] - The profit attributable to the company's owners was RMB 491,497, a slight increase of 0.2% from RMB 490,425 in 2023[3] - Total comprehensive income for the year was RMB 502,318, slightly up from RMB 502,102 in 2023[6] - The company's total revenue for 2024 was RMB 18,453,923,000, a decrease of 8.1% from RMB 20,064,497,000 in 2023[15] - Revenue from sports apparel and footwear sales was RMB 18,342,410,000, down 7.9% from RMB 19,946,875,000 in the previous year[15] - The company reported a net profit of RMB 491,497,000 for 2024, slightly up from RMB 490,425,000 in 2023[25] - The group's operating profit for 2024 decreased by 3.6% to RMB 709.2 million, with a slight increase in operating profit margin by 0.1 percentage points to 3.8%[48] - Financial income for 2024 was RMB 50.0 million, while financing costs decreased by 26.6% to RMB 67.8 million, benefiting from reduced interest expenses on lease liabilities[49] - The net profit for the year was RMB 497.8 million, with profit attributable to the company's owners at RMB 491.5 million, representing a profit margin of 2.7%, an increase of 0.3 percentage points year-on-year[50] Dividends - The company declared an interim dividend of HKD 0.02, an increase of 8.1% from HKD 0.0185 in 2023, while the proposed final dividend decreased by 16.7% to HKD 0.01 from HKD 0.0120[3] - The company declared a total dividend of RMB 243,624,000 for 2024, compared to RMB 87,883,000 in 2023[21] - The company declared an interim dividend of HKD 0.02 per share and a special dividend of HKD 0.02 per share, totaling approximately HKD 213.0 million for the six months ending June 30, 2024, compared to HKD 98.5 million for the same period in 2023[69] - The proposed final dividend for the fiscal year ending December 31, 2024, is HKD 0.01 per share and a special dividend of HKD 0.01 per share, totaling approximately HKD 106.5 million, subject to shareholder approval[69] - The total dividend for the year 2024 will be HKD 0.06 per share, with a payout ratio of 60%, compared to HKD 0.0305 per share and a payout ratio of 30% in 2023[69] Assets and Liabilities - Cash and cash equivalents decreased by 22.4% to RMB 1,419,052 from RMB 1,827,563 in 2023[3] - Inventory increased by 5.1% to RMB 4,946,314 compared to RMB 4,704,713 in the previous year[3] - The company's total assets decreased to RMB 9,407,623 from RMB 9,483,045 in the previous year[7] - The company's accounts receivable (net of provisions) stood at RMB 973,701,000, a slight decrease from RMB 978,919,000 in 2023[27] - Accounts payable decreased to RMB 971,990,000 from RMB 1,252,834,000 in the previous year, reflecting improved cash flow management[28] Market Environment and Strategy - The retail environment in China showed weak foot traffic, with a 0.3% year-on-year growth in retail sales for clothing and footwear, compared to a 3.5% overall retail growth[30] - The company continues to enhance its omnichannel capabilities, with significant growth in B2C public and private traffic channels, particularly a doubling in sales through Douyin live streaming[30] - The company plans to maintain its refined retail strategy and optimize store performance despite the challenging market conditions[30] - Online sales contributed approximately 28% to total sales in 2024, helping to offset the decline in foot traffic in physical stores[37] - The company achieved over 100% year-on-year growth in live-streaming sales, driven by enhanced operations and partnerships with brand partners[37] - The company continues to optimize its store layout and enhance digital capabilities to improve customer experience and operational efficiency[35] - The group plans to enhance its retail strategy by expanding its multi-brand outlet "Victory Warehouse" and improving customer experience through digital initiatives[59] - The group aims to expand its product categories and market segments, including opening new single-brand stores for Crocs and Saucony, and enhancing online and offline operations for the Korean yoga brand XEXYMIX[61] - The group anticipates the sports industry in the Greater China region to reach a market value of RMB 5 trillion by 2025, driven by government support and upcoming major sporting events[62] Employee and Governance - As of December 31, 2024, the group has approximately 20,000 employees, offering competitive compensation packages based on current market levels and individual performance[64] - The total number of shares granted under the share incentive plan is 133,721,810 shares, accounting for approximately 2.51% of the issued shares, with an additional 79,325,374 shares available for further grants, representing about 1.49% of the issued shares[65] - For the fiscal year ending December 31, 2024, a total of 22,000,000 incentive shares were granted, with 435,800 shares having lapsed or been canceled, and 4,711,400 shares having vested[66] - The board has applied the principles of the Corporate Governance Code and complied with all applicable code provisions and recommended best practices throughout the fiscal year[76] - The independent auditor, Deloitte, has reviewed the consolidated financial statements for the year ending December 31, 2024, confirming alignment with the figures approved by the board[75] - The board of directors includes executive directors Yu Huan Zhang (Chairman), Hu Jia He, and Chen Li Jie (CFO)[82] Operational Improvements - The implementation of a new SAP ERP system has strengthened the company's operational management and data analysis capabilities[41] - The company is focusing on strategic partnerships and digital member integration to enhance customer engagement and drive sales growth[38] - Capital expenditures increased to RMB 371.4 million in 2024 from RMB 344.2 million in 2023, focusing on new store openings and digital transformation strategies[55]

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。 （於百慕達註冊成立之有限公司） （股份代號：3813） 二零二五年二月之每月收益公告 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股份有限公司對上巿公司 之資訊申報作業辦法（經不時修訂）（「臺灣證券交易所的規例」）規定，寶成工業刊 發包含綜合寶成工業 ...

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 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 月份：二零二五年一月 承董事會命 主席 余煥章 香港，二零二五年二月十日 於本公告日期，董事會成員包括： （於百慕達註冊成立之有限公司） （股份代號：3813） 二零二五年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1 ...

（於百慕達註冊成立之有限公司） （股份代號：3813） 董事會會議召開日期 寶勝國際（控股）有限公司（「本公司」）董事會（「董事會」）謹此宣佈，本公司將於二 零二五年三月十一日（星期二）舉行董事會會議，旨在（其中包括）考慮及批准本公 司及其子公司截至二零二四年十二月三十一日止年度經審核綜合業績及其發佈， 以及考慮派發末期股息（如有）。 承董事會命 主席 余煥章 香港，二零二五年二月七日 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 執行董事 余煥章先生（主席）、胡嘉和先生及陳立傑先生（首席財務官） 非執行董事 蔡佩君女士及李義男先生 獨立非執行董事 陳煥鐘先生、馮雷明先生及劉詩亮先生 網址：www.pousheng.com 於本公告日期，董事會成員包括： ...

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） 二零二四年十二月之每月收益公告 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 ...

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） 百慕達主要股份過戶登記處之變更 Computershare Investor Services (Bermuda) Limited 5 Reid Street, PO Box HM 1475 Hamilton HM FX Bermuda 香港中央證券登記有限公司（地址為香港灣仔皇后大道東183號合和中心17樓 1712-1716號舖）將繼續作為本公司之香港股份過戶登記分處。 承董事會命 主席 余煥章 香港，二零二四年十二月二十日 於本公告日期，董事會成員包括： 執行董事 余煥章先生（主席）、胡嘉和先生及陳立傑先生（首席財務官） 寶勝國際（控股）有限公司（「本公司」）董事會（「董事會」）宣佈，自二零二四年 十二月二十日起，本公司於百 ...

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。 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股份有限公司對上巿公司 之資訊申報作業辦法（經不時修訂）（「臺灣證券交易所的規例」）規定，寶成工業刊 發包含綜合寶成工業及其子公司的綜合財務資料（包括裕元的若干綜合財務資料） 的每月收益公告。 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 (HOLDI ...

Investment Rating - The investment rating for the company is "Outperform the Market" [5][17][29]. Core Views - The report highlights a short-term improvement in profitability and sustained long-term growth momentum despite a weak retail environment affecting revenue growth. The company has managed to improve its profitability through strict discount control and healthy inventory management [2][17]. - The company’s online channel has shown robust growth, with a 13% increase in revenue, particularly driven by the Douyin platform, which saw a 100% year-on-year revenue increase [1][17]. - The company is strategically closing underperforming stores and upgrading others to enhance efficiency, resulting in a 14% decline in revenue from physical stores [1][17]. Summary by Sections Financial Performance - In Q3, the company's revenue decreased by 10.8% year-on-year to 4.0 billion CNY, while net profit attributable to shareholders increased by 40.0% to 0.1 billion CNY. The gross margin improved by 1.5 percentage points to 33.5% due to strict discount control [1][17]. - The company’s total sales and management expenses decreased by 7.8% year-on-year to 1.37 billion CNY, although the fixed cost ratio increased due to declining revenue [1][17]. - The company’s inventory increased by 12% year-on-year to 5.5 billion CNY, with inventory turnover days rising by 7 days to 152 days [1][17]. Future Outlook - The company expects a positive sales growth in October, with a 4.7% year-on-year increase in operating income to 1.72 billion CNY, attributed to the early Double Eleven promotional activities [1][17]. - The report projects net profits for 2024-2026 to be 4.9 billion CNY, 6.2 billion CNY, and 7.6 billion CNY, reflecting a slight downward adjustment from previous estimates [2][17]. - The target price has been adjusted to 0.59-0.69 HKD, corresponding to a 6-7x PE for 2024 [2][17].

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。 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） 二零二四年十月之每月收益公告 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股份有限公司對上巿公司 之資訊申報作業辦法（經不時修訂）（「臺灣證券交易所的規例」）規 ...

Financial Performance - For the nine months ended September 30, 2024, the company reported unaudited consolidated profit attributable to owners of approximately RMB 343.0 million, an increase of 10.4% compared to RMB 310.6 million in the same period last year [2][5]. - The company's operating revenue for the same period was RMB 13,984.2 million, a decrease of 9.5% from RMB 15,443.7 million year-on-year [2][5]. - Operating profit for the nine months was RMB 513.6 million, a slight decrease of 0.4% from RMB 515.7 million in the previous year [2][5]. - Other comprehensive income for the period totaled RMB 3.85 million, compared to RMB 0.87 million in the previous year [3]. Profitability Metrics - The gross profit margin improved to 34.0%, up 0.9 percentage points from 33.1% in the previous year, primarily due to effective discount control and efficient inventory management [5]. - The net profit margin increased to 2.5%, up 0.4 percentage points from 2.1% in the previous year, reflecting improved cost management [5]. Financial Position - The company maintained a strong financial position with good net cash status as of September 30, 2024 [5]. Operational Strategy - The company continues to optimize store efficiency while enhancing the sales conversion rate of direct-operated physical stores amid challenging consumer traffic in mainland China [5]. - The company is advancing its digital transformation strategy, maintaining a relatively stable omnichannel sales performance [5]. Compliance and Reporting - The company has applied revised Hong Kong Financial Reporting Standards, which did not have a significant impact on the current or prior periods' unaudited consolidated results [4].