Core Viewpoint - Jiangnan Buyi (03306.HK) reported a total revenue of RMB 5.55 billion for the fiscal year ending June 30, 2025, representing a year-on-year increase of 4.6% and a net profit of RMB 898 million, up 6.0% year-on-year [1] Financial Performance - Total revenue for the year was RMB 5.55 billion, reflecting a 4.6% increase compared to the previous year [1] - Net profit reached RMB 898 million, marking a 6.0% rise year-on-year [1] Dividend Distribution - The board proposed a final dividend of HKD 0.93 per ordinary share (approximately RMB 0.86 per share) for the fiscal year ending June 30, 2025 [1] - Including the interim dividend of HKD 0.45 per ordinary share paid for the six months ending December 31, 2024, the total dividend for the year amounts to approximately HKD 716 million [1]

免責聲明 | 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 | | | --- | --- | | 公告全部或任何部份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。 | | | 股票發行人現金股息公告 | | | 發行人名稱 | 江南布衣有限公司 | | 股份代號 | 03306 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 截至二零二五年六月三十日止年度的末期股息 | | | 公告日期 | 2025年9月8日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 末期 | | 股息性質 | 普通股息 | | 財政年末 | 2025年6月30日 | | 宣派股息的報告期末 | 2025年6月30日 | | 宣派股息 | 每 股 0.93 HKD | | 股東批准日期 | 2025年10月30日 | | 香港過戶登記處相關信息 | | | 派息金額及公司預設派發貨幣 | 每 股 0.93 HKD | | 匯率 | 1 HKD : 1 HKD | ...

公告称，收入的增长主要由于线上渠道销售的增长及线下门店规模的扩张所致。 智通财经APP讯，江南布衣(03306)发布截至2025年6月30日止年度业绩，收入55.48亿元(人民币，下 同)，同比增加4.64%;股东应占溢利8.93亿元，同比增加5.33%;每股基本盈利1.74元;拟派发末期股息每股 0.93港元。 ...

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. 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。 JNBY Design Limited 江南布衣有限公司 (Incorp ...

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: | 江南布衣有限公司 | | | 呈交日期: | 2025年9月1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) | 03306 | 說明 | | | | | | | | | 法定/註冊股份數目 | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | 1,000,000,000 | HKD | | 0.01 HKD | | 10,000,000 | | 增加 / 減少 (-) | | | 0 | | HKD | | 0 | | 本月底結存 | | 1,000,000,000 | HKD | | 0.01 HKD | ...

Core Viewpoint - Jiangnan Buyi (03306.HK) announced that it will hold a board meeting on September 8, 2025, to consider and approve the annual performance for the year ending June 30, 2025, and to discuss the proposal for the final dividend distribution [1] Group 1 - The board meeting is scheduled for September 8, 2025 [1] - The meeting will focus on the annual performance ending June 30, 2025 [1] - The company will also consider the proposal for the final dividend distribution [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通告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本通告全部或任何 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。 承董事會命 江南布衣有限公司 主席兼執行董事 吳健 香港，二零二五年八月二十七日 於本通告日期，本公司執行董事為吳健先生、李琳女士及吳華婷女士；本公司非執 行董事為衛哲先生；以及本公司獨立非執行董事為林曉波先生、韓敏女士及胡煥新 先生。 （於開曼群島註冊成立的有限公司） JNBY Design Limited （股份代號：3306） 江南布衣有限公司 董事會會議通告 江南布衣有限公司（「本公司」）董事會（「董事會」）謹此宣佈，本公司將於二零二五年 九月八日（星期一）舉行董事會會議，藉以（其中包括）考慮及批准本公司及其附屬公 司截至二零二五年六月三十日止年度之全年業績及其發佈，並考慮建議派發末期股 息。 ...

法定/註冊股份數目 面值 法定/註冊股本 本月底法定/註冊股本總額： HKD 10,000,000 FF301 第 1 頁 共 10 頁 v 1.1.1 證券代號 (如上市) 03306 說明 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7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: | 江南布衣有限公司 | | | | | | 呈交日期: | 2025年8月4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 | | 增加 / 減少 (-) | | 0 | HKD | 0 | | --- | --- | --- | --- | --- | | 本月底結存 | 1,000,000,000 | HKD | 0.01 HKD | 10,000,000 | FF301 III.已發 ...

Summary of Jiangnan Buyi Conference Call Company Overview - **Company**: Jiangnan Buyi - **Industry**: Retail, specifically in apparel and fashion Key Points and Arguments Retail Performance - Retail sales in April and May showed significant growth, driven by the May Day holiday and promotional activities with Xiaohongshu, particularly involving core brands such as Suxie and Less, as well as the early 618 promotion effect [2][3] - Women's apparel performed the best, followed by children's wear and men's wear [2][5] - Online sales adopted a unified inventory strategy, focusing on self-management and a comprehensive membership strategy, leading to an increase in the proportion of new products contributing to overall GPA [2][3] Sales Strategy and Discounts - The overall discount strategy remained stable, with discounts on seasonal products steady and discounts on out-of-season products narrowing [2][3] - The company reported a significant improvement in offline retail in May, with high single-digit growth and positive same-store sales [2][3][10] Store Operations and Channel Strategy - High-tier city direct-operated stores showed significant improvement, contributing greatly to overall performance [2][9] - The transition from self-operated to distribution model has been implemented in the first half of the fiscal year, primarily in cities like Wenzhou, Qingdao, and Wuxi, which may temporarily affect revenue recognition but is expected to have a positive long-term impact if business scales up [2][13] Future Outlook and Product Strategy - The autumn/winter ordering meeting indicated stable growth expectations, with a growing importance of fast-response ordering models [2][14] - Two women's brands have different expansion strategies: GENNBIO focuses on increasing single-store output, while Max has significant expansion potential [2][15] Membership and Customer Engagement - The total membership exceeded 12 million, with continuous growth through member activities and data accumulation to enhance customer conversion rates [3][22] - The company maintains its annual performance guidance, expecting revenue close to 500 million yuan, with profits potentially exceeding previous guidance due to better-than-expected first orders and effective budget management [3][23][25] Inventory Management - The company is not overly concerned about the slightly lower sell-through rate of autumn/winter products, as the product lifecycle is long, allowing for continued sales through online channels and outlet stores [3][26] Children's Wear Expansion - The children's wear segment shows significant potential, with plans to open offline stores for the newly acquired functional children's wear brand On My Game and explore multi-brand children's wear collection stores [3][19][21] Digital Retail Contribution - The mini-program has made a significant contribution to YPD, with high single-digit retail sales growth attributed to this digital channel [3][17] Promotional Campaigns - The 618 promotion strategy this year differed from previous years, focusing on self-management without exclusive e-commerce products or influencer marketing, which has benefited online sales [3][7] Additional Important Insights - The company is exploring new electronic products, with specific developments expected in the next fiscal year [3][21] - The overall health of inventory turnover remains positive, with the company confident in its ability to manage unsold seasonal products effectively [3][26]

Summary of Jiangnan Buyi Conference Call Company Overview - Jiangnan Buyi has shown improving growth rates from low single-digit to high single-digit growth since the beginning of the year, with an expected annual revenue growth close to 5% and profit growth potentially exceeding previous low expectations [2][4][33]. Key Points Revenue and Profit Guidance - The company anticipates a conservative internal guidance for revenue growth at mid-single digits and profit growth at low single digits for the fiscal year 2025, with potential for better-than-expected performance [2][4]. Inventory Management - Promotional events have limited impact on inventory reduction, relying more on online off-season discounts and offline outlet channels. The sell-through rate for autumn/winter products decreased, leading to increased inventory, but the long product lifecycle maintains profitability [2][7]. Brand Strategy - The LESS brand division operates independently, experimenting with the Classita brand. If successful, this model may be extended to other brands to enhance operational efficiency and brand vitality [2][8]. Membership Growth - The company adds approximately 60,000 new members monthly, with a stable increase in membership. High-repurchase-rate members value unique experiences and privileges, such as exclusive events and stylist services [2][9][11]. Discount Management - Discounts improved year-on-year in the first half of fiscal 2025, with expectations to maintain this trend in the second half. Overall discount management is effective, contributing to healthy retail growth [2][14]. Sales Performance - Sales performance in April and May showed sequential improvement, with April experiencing mid-single-digit growth and May exceeding double-digit growth in the first half, although there was a slowdown in the latter half of May [3][4]. Distribution Strategy - The performance of distribution areas slightly outperformed direct sales areas, with high-tier cities being sensitive to economic fluctuations but showing recent improvements. The transition from direct sales to distribution is stable, with no major changes expected in future strategies [5][17][18]. Brand Performance - Different brands within the company showed varied performance, with women's and children's clothing performing better than men's clothing. This trend is expected to continue into the second half of the year [22]. Product Innovation - The company maintains a balance between classic and innovative designs, with approximately 70-80% of products being classic or safe styles and 20-30% being new designs [23]. Future Plans - Jiangnan Buyi plans to open offline stores, starting with pilot locations near its headquarters, and aims to establish single-brand and children's collection stores [28]. Dividend Policy - The company intends to maintain a stable dividend policy, with an expected payout ratio of 75% for fiscal 2025, signaling a commitment to high dividends [5][32]. Overall Development - Despite the broader economic environment not fully recovering, the company has achieved steady positive growth and maintains high-quality development without resorting to discount promotions [33].