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 致：香港交易及結算所有限公司 公司名稱: 波司登國際控股有限公司 呈交日期: 2025年9月2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) | 03998 | 說明 | 不適用 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 20,000,000,000 | USD | | 0.00001 | USD | | 200,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 20,000,000,000 | USD | | 0.00001 | USD | | 200,000 | 本月底 ...

Core Insights - Brand Finance's 2025 Global Apparel Brand Value Rankings recognized Bosideng with a brand value of $2.09 billion, placing it 45th globally and 18th in brand strength index (BSI) with a score of 81.1 out of 100, achieving an AAA- rating [1][8] - Since 2019, Bosideng's brand value has doubled, reflecting its steady rise in global brand rankings [8] - Bosideng has maintained its position as the leading down jacket brand in China for 30 consecutive years, emphasizing its commitment to the down apparel sector [9][11] Brand Strategy and Market Position - Bosideng's "dual focus" strategy emphasizes specialization in down jackets and fashionable functional apparel, which has led to its market leadership [9][11] - The company has embraced technological innovation, introducing dynamic thermal technology and AI aesthetics, enhancing its brand influence through participation in high-profile events [9][12] - Bosideng's revenue for the fiscal year 2024/25 increased by 11.6% to approximately RMB 25.902 billion, with net profit rising by 14.3% to about RMB 3.514 billion, marking its eighth consecutive year of record performance [11] Consumer Trust and ESG Commitment - Bosideng focuses on three key areas to build consumer trust: product quality, service experience, and sustainable fashion practices [12][16] - The company invests heavily in R&D and adheres to strict quality standards, ensuring that its down products meet various certifications [12][16] - Bosideng has set a carbon neutrality goal for its operations by 2038 and is actively pursuing green transformation initiatives [16][18] Innovation and Global Expansion - The company views digital transformation as a core driver for brand evolution, utilizing AI and big data to enhance its supply chain and production processes [17][18] - Bosideng is expanding its global presence, leveraging cultural confidence and modernizing the integration of Eastern and Western aesthetics [18] - The brand aims to elevate its position in the global value chain, showcasing the success of Chinese manufacturing and cultural confidence [18]

#波司登否认将收购加拿大鹅# 【波司登将收购加拿大鹅？公司回应：报道不实】#波司登回应将收购加 拿大鹅# 8月29日，波司登在港交所公告，公司谨此提及今日若干媒体关于本公司可能收购Canada Goose Holdings Inc.的相关报道。本公司现澄清，相关报道的内容不实，公司亦无任何应披露而未披露 的信息。（每经） ...

Core Viewpoint - Recent reports indicate that Canada Goose is attracting interest from multiple companies and private equity funds for a potential acquisition, with notable interest from Chinese down jacket brand Bosideng Group and a consortium formed by private equity firm FountainVest Partners and Anta Group. This news has led to a significant increase in Canada Goose's stock price [1][3]. Group 1: Acquisition Interest - Several companies and private equity funds have expressed interest in acquiring Canada Goose, including Bosideng Group and a consortium involving FountainVest Partners and Anta Group [1]. - Bosideng has publicly denied the acquisition rumors, stating that the reports are inaccurate and that the company has no undisclosed information [1]. - Anta also clarified that it is not a potential acquirer of Canada Goose [3]. Group 2: Financial Performance - Canada Goose's financial performance has shown a noticeable slowdown, with revenue growth rates decreasing from 21.54% in FY2022 to just 1.1% in FY2025 [5]. - For FY2025, Canada Goose reported revenue of CAD 1.348 billion, a 1.1% increase year-over-year, and a net profit of CAD 104 million, which is a 78.3% increase [5]. - The Greater China market generated revenue of CAD 427 million in FY2025, reflecting a 1.0% year-over-year increase, but a significant slowdown from the 47% growth in FY2024 [6]. Group 3: Market Position and Strategy - China has become Canada Goose's largest market, surpassing North America in sales with CAD 422 million in FY2024 [6]. - Canada Goose has been adjusting its leadership in the China region since 2022, with three changes in the position of China President [6]. - Bosideng has been actively upgrading its brand strategy to compete with Canada Goose, launching high-end down jackets and achieving revenue of over RMB 25.9 billion in FY2024/25, with an 11.6% growth [6].

Group 1 - The core viewpoint of the news is that both Bosideng and Anta have denied any plans to acquire the down jacket brand Canada Goose, amidst reports of potential sales by its major shareholder Bain Capital [1][5] - Bain Capital is reportedly seeking to sell its stake in Canada Goose, with Boyu Capital having made a verbal offer and Advent International in discussions with Bain [1] - Other potential buyers mentioned include Bosideng International and a consortium formed by FountainVest and Anta Sports [1]

Group 1 - Company clarified that recent media reports regarding a potential acquisition of Canada Goose Holdings Inc. are inaccurate and that there is no undisclosed information [1] - Company urged shareholders and potential investors to act cautiously when trading its shares [1] Group 2 - Company, founded in 1976 in Changshu, Jiangsu Province, primarily engages in the development and management of its own down jacket brands [3] - Notable brands under the company include Bosideng, Xuezhongfei, and Bingjie, establishing it as a globally recognized down jacket manufacturer [3]

Core Viewpoint - Anta and Bosideng both denied reports regarding a potential acquisition of Canada Goose Holdings Inc, clarifying that the information is false and that they have no undisclosed information [1]. Group 1 - Bosideng issued a statement on the Hong Kong Stock Exchange, addressing media reports about a possible acquisition of Canada Goose, confirming that the reports are untrue [1]. - Anta also released a clarification, stating that it is not involved in any potential acquisition of Canada Goose [1].

Core Viewpoint - Recent media reports suggested that Bosideng may acquire Canada Goose Holdings Inc., but Bosideng clarified that these reports are untrue and that there is no undisclosed information [1]. Group 1: Company Announcements - Anta also announced that it is not a potential acquirer of Canada Goose Holdings Inc. [3]. - Canada Goose's major shareholder, Bain Capital, is reportedly considering selling part or all of its stake [3]. Group 2: Market Performance - Canada Goose's revenue growth has significantly slowed, with revenue growth rates of 21.54%, 10.84%, 9.6%, and 1.1% projected from fiscal year 2022 to 2025 [4]. - In fiscal year 2025, Canada Goose's revenue increased by 1.1% to CAD 1.348 billion, while net profit surged by 78.3% to CAD 104 million [4]. - The Greater China market saw a revenue increase of 1.0% to CAD 427 million, but a decline of 1.7% when adjusted for fixed exchange rates [4]. Group 3: Market Position and Strategy - The Asia-Pacific market outside of Greater China grew by 31.4%, while the U.S. market grew by 4.4% [4]. - Canada Goose's sales in Greater China surpassed North America in fiscal year 2024, reaching CAD 422 million [5]. - Canada Goose has made multiple changes in its China president position since 2022, indicating potential management instability [5]. Group 4: Competitive Landscape - Bosideng launched a brand upgrade strategy in 2018, positioning its "Dengfeng Series" down jackets (priced between 5,800 and 11,800 yuan) against Canada Goose [5]. - Bosideng's revenue for fiscal year 2024/25 exceeded 25.9 billion yuan, with an 11.6% growth, and net profit increased by 14.3% to 3.514 billion yuan [5].

8月29日，波司登在港交所公告澄清，竞购加拿大鹅新闻不实。 公告称，公司谨此提及今日若干媒体关于本公司可能收购Canada Goose Holdings Inc.的相关报道。本公 司现澄清，相关报道的内容不实，公司亦无任何应披露而未披露的信息。 此前，市场传闻加拿大鹅控股股东贝恩资本正在考虑出售其所持股份。知情人士称，目前交易尚在早期 阶段，贝恩资本正与财务顾问探讨出售部分或全部股份的方案，评估包括其他私募股权投资公司在内的 潜在买家的初步意向。 关于潜在买家，有消息称，目前来自中国的 Boyu Capital博裕资本和美国私募股权投资公司安宏资本 （Advent International）已经发出邀约，报价13.5亿美元。此外，其他潜在买家还包括来自中国市场的 波司登，以及由私募股权投资公司方源资本（FountainVest Capital）与安踏集团组成的财团。 加拿大鹅被传出售，或是因为其近年相对疲软的市场表现。截至2025年3月30日，加拿大鹅2025全年营 收达13.484亿加元，同比增长1.1%。虽然还是在增长，但与过往相比，公司的营收增速明显呈现下滑趋 势。2022至2024财年，加拿大鹅的销 ...

Group 1 - Bosideng (03998.HK) issued a clarification on August 29, stating that media reports regarding a potential acquisition of Canada Goose Holdings Inc. are inaccurate, and the company has no undisclosed information [1] - Anta (02020.HK) also announced on August 28 that it is not a potential acquirer of Canada Goose Holdings Inc. [3] - Reports indicate that private equity firms Boyu Capital and Anhong Capital have expressed verbal acquisition interest to Canada Goose's controlling shareholder, Bain Capital, with an estimated valuation of approximately $1.35 billion [5] Group 2 - Canada Goose's stock experienced significant volatility, rising over 16% on August 27 and then falling over 6% on August 28, but overall, the stock has increased by more than 30% year-to-date [5] - For the fiscal year ending March 30, 2025, Canada Goose reported revenue of CAD 1.3484 billion, reflecting a year-on-year growth of 1.1%, indicating a noticeable decline in revenue growth compared to previous years [7] - The sales growth rates for Canada Goose in the fiscal years 2022 to 2024 were 21.54%, 10.84%, and 9.6% respectively, with the company previously delaying its fiscal 2026 forecast due to tariff uncertainties [7]