Core Viewpoint - Bosideng reported a revenue of 8.928 billion yuan for the six months ending September 30, 2025, representing a year-on-year increase of 1.4% [1] - The company's profit attributable to equity shareholders was 1.189 billion yuan, an increase of 5.28% year-on-year [1] - Basic earnings per share were 10.35 cents, with an interim dividend proposed at 0.063 Hong Kong dollars per share [1] Financial Performance - Revenue for the period reached 8.928 billion yuan, showing a slight growth of 1.4% compared to the previous year [1] - Profit attributable to equity shareholders increased to 1.189 billion yuan, reflecting a growth of 5.28% year-on-year [1] - Basic earnings per share stood at 10.35 cents, indicating a stable performance [1] Dividend Announcement - The company proposed an interim dividend of 0.063 Hong Kong dollars per share, signaling confidence in its financial health [1]

Core Viewpoint - Bosideng (03998.HK) announced that it will distribute an interim dividend of HKD 0.063 per share on January 12, 2026 [1] Company Summary - The interim dividend is set at HKD 0.063 per share [1]

波司登表示，作为深耕民生领域的民族企业，波司登始终秉持"用产品暖人，以慈善暖心"的理念，在历 次应急救灾和公益事件中第一时间响应行动，温暖足迹遍布全国多地。此次向香港同胞伸出援手，是波 司登践行公益精神和社会责任的延续，旨在为受灾同胞提供切实帮助，助力他们尽快恢复正常生活。 （文章来源：证券时报网） 据波司登官方微信公众号今日消息，11月27日，波司登集团紧急启动援助行动，捐赠总计3000万港元， 包括1000万港元现金及价值2000万港元物资，用于支持香港大埔地区的紧急救援、受灾同胞安置及灾后 重建工作，为冬日里的受灾家庭送去一份切实的温暖。 11月26日下午，香港新界大埔宏福苑多栋住宅楼发生重大火灾，牵动全国人民的心。火灾发生后，各界 爱心迅速汇聚，支援香港同胞渡过难关。 ...

智通财经APP讯，波司登(03998)发布公告，该公司将于2026年1月12日派发中期股息每股0.063港元。 ...

Core Viewpoint - Bosideng (03998) announced that it will distribute an interim dividend of HKD 0.063 per share on January 12, 2026 [1] Company Summary - The company is set to pay an interim dividend, indicating a commitment to returning value to shareholders [1]

Core Viewpoint - Bosideng (03998) reported a revenue of RMB 8.928 billion for the six months ending September 30, 2025, reflecting a year-on-year increase of 1.4% [1] - The company's net profit attributable to equity shareholders was RMB 1.189 billion, up 5.28% year-on-year, with a basic earnings per share of 10.35 cents and an interim dividend of 6.3 Hong Kong cents per share [1] Revenue Breakdown - The brand down jacket business remains the largest revenue source, generating approximately RMB 6.568 billion, accounting for 73.6% of total revenue, with a year-on-year increase of 8.3% [1] - The OEM processing management business generated about RMB 2.044 billion, representing 22.9% of total revenue, down 11.7% year-on-year [1] - The women's wear business reported revenue of approximately RMB 251 million, making up 2.8% of total revenue, with a year-on-year decline of 18.6% [1] - The diversified clothing business achieved revenue of around RMB 64 million, accounting for 0.7% of total revenue, down 45.3% year-on-year [1] Strategic Focus - The company is concentrating on its core business to enhance its competitive edge, aiming to become a leader in the global down jacket industry [1] - In the brand down jacket segment, the company is implementing a strategy based on "four enhancements": strengthening brand leadership, category management, channel operations, and customer experience [1] Brand and Product Development - The company is committed to establishing Bosideng as a "global leader in down jackets," enhancing brand value and recognition as the "first brand in down jackets" [2] - Product strategy focuses on mainstream consumer groups, expanding product lines to include functional outerwear and sun protection clothing, while also collaborating with designers to innovate and improve product performance [2] Channel Strategy - The company aims to achieve breakthroughs in flagship projects, creating distinctive high-quality stores, and expanding brand image stores while focusing on the TOP store system to enhance consumer recognition and shopping experience [2] - A refined operational system based on customer segmentation is being developed to improve profitability and operational efficiency [2]

Core Viewpoint - Bosideng (03998) reported a mid-term performance for the fiscal year 2025/26, achieving a revenue of approximately RMB 8.928 billion, a year-on-year increase of 1.4%, and a net profit of approximately RMB 1.201 billion, reflecting a year-on-year growth of 5.2%, marking the highest mid-term performance in eight consecutive years [1] Group 1: Financial Performance - The company's revenue for the down jacket business under the Bosideng brand increased by 8.3% to approximately RMB 5.719 billion, reinforcing its market leadership [1] - The operating profit margin for the first half of the fiscal year 2025/26 improved to 17.0%, an increase of 0.3 percentage points compared to the same period last year, indicating strong development resilience [1] Group 2: Product Innovation - Bosideng launched a series of significant product releases and participated in international fashion events in the fall of 2025, including the "Master Puff" series at Paris Fashion Week and collaborations with top luxury brand creative director Kim Jones for the Bosideng AREAL high-end product line [1] - The company also partnered with "functional godfather" Errolson Hugh to introduce the VERTEX three-in-one down series, enhancing brand value and internationalization [1] Group 3: Channel and Supply Chain Management - The company expanded its flagship stores and brand image stores, creating unique Bosideng stores while continuously developing top stores and refining single-store operations to enhance profitability and operational efficiency [2] - Bosideng implemented a pull replenishment mechanism during peak sales periods, effectively managing channel inventory and product structure, which significantly improved channel efficiency and product management flexibility during peak seasons [2] - As of September 30, 2025, the inventory turnover days for Bosideng were 178 days, a significant decrease of 11 days compared to the same period in 2024, reflecting improved operational efficiency [2] Group 4: Sustainability and ESG Rating - Bosideng actively explores sustainable development and received an upgrade in its MSCI ESG rating from AA to AAA on October 22, 2025, becoming the first and only Asian textile and apparel brand to achieve this highest rating [2] - The company has consistently improved its ESG rating for three consecutive years [2]

11月27日晚，波司登发布 2025/26 财年中期业绩，截至2025年9月30日，公司实现营收约人民币 89.28亿 元，同比上涨1.4%；净利润同比增长5.2%达约人民币12.01亿元，中期业绩连续8年创同期历史新高。 渠道建设方面，公司拓展头部势能门店、多家品牌形象大店，打造具有波司登特色的门店，同时持续拓 展Top店、做实单店经营，构建精细化运营体系，推动盈利能力与经营效率双提升。 供应链方面，公司在确保首次订货比例保持较低占比的同时，在旺季销售期间，持续按照销售反馈实施 小单快反的拉式补货机制，从而有效推动渠道库存和商品结构的动态统一管理，显著提升了旺季销售的 渠道效率和商品管理的灵活性，为旺季业绩的持续提升提供有力支持。 截至2025年9月30日，波司登库存周转天数为178天，同比2024年9月30日同期库存周转天数大幅下降了 11天。库存周转天数的进一步有效降低，不仅彰显了本集团在旺季销售中高效的商品管理能力和快速响 应市场变化的运营韧性，也反映了本集团整体运营效率的持续提升。 此外，作为全球领先的中国羽绒服品牌，波司登始终积极探索可持续发展的创新之路，2025年10月22 日，摩根士丹利资本国 ...

Core Insights - Bosideng (03998) reported a revenue of RMB 8.928 billion for the six months ending September 30, 2025, representing a year-on-year increase of 1.4% [1] - The company's net profit attributable to equity shareholders was RMB 1.189 billion, up 5.28% year-on-year, with basic earnings per share of 10.35 cents and an interim dividend of 6.3 Hong Kong cents per share proposed [1] Revenue Breakdown - The brand down jacket business remains the largest revenue source for the company, generating approximately RMB 6.568 billion, accounting for 73.6% of total revenue, with a year-on-year increase of 8.3% [1] - The OEM management business generated about RMB 2.044 billion, representing 22.9% of total revenue, down 11.7% year-on-year [1] - The women's wear segment reported revenue of approximately RMB 251 million, making up 2.8% of total revenue, down 18.6% year-on-year [1] - The diversified clothing business generated around RMB 64 million, accounting for 0.7% of total revenue, down 45.3% year-on-year [1] Strategic Focus - The company is concentrating on its core business, leveraging resources to enhance core competitiveness, aiming to become a leader in the global down jacket industry [1] - In the brand down jacket segment, the company is focusing on "four enhancements": strengthening brand leadership, category management, channel operations, and customer experience [1] Brand Development - The company is committed to establishing Bosideng as a "global leader in down jackets," enhancing brand value and recognition as the "first brand in down jackets" [2] - Product strategy revolves around the brand positioning of "global leading down jacket expert," targeting mainstream consumer demographics and enhancing product structure with functional outerwear and sun protection clothing [2] - The company is innovating through designer collaborations and advanced fabric technologies to improve product performance and comfort [2] Channel Strategy - The company aims to achieve breakthroughs in flagship projects, creating distinctive high-quality stores [2] - Expansion of brand image stores and focus on developing a TOP store system to enhance consumer recognition and optimize shopping experience [2] - The company is implementing a refined operational system based on customer segmentation to improve profitability and operational efficiency [2]

Core Viewpoint - Bosideng (03998.HK) reported a slight increase in gross margin and operating profit margin, indicating a positive trend in financial performance for the six months ending September 30, 2025 [1] Financial Performance - Gross margin increased by 0.1 percentage points to 50.0% [1] - Operating profit margin improved by 0.3 percentage points to 17.0% [1] - Profit attributable to equity shareholders rose by 5.3% to approximately RMB 1.189 billion [1] Dividend Announcement - The board declared an interim dividend of 6.3 Hong Kong cents per ordinary share [1]