Financial Performance - Total revenue for the year ended December 31, 2025, was RMB 17,132,127 thousand, a decrease of 7.2% compared to RMB 18,453,923 thousand in 2024[2] - Gross profit decreased by 9.1% to RMB 5,735,638 thousand, down from RMB 6,308,950 thousand in the previous year[2] - Operating profit fell by 49.0% to RMB 361,574 thousand, compared to RMB 709,226 thousand in 2024[2] - Profit attributable to owners of the company decreased by 57.1% to RMB 210,771 thousand, down from RMB 491,497 thousand in 2024[2] - Basic earnings per share dropped by 57.2% to RMB 4.06, compared to RMB 9.48 in the previous year[2] - The company reported a total comprehensive income of RMB 227,943 thousand for the year, down from RMB 502,318 thousand in 2024[4] - The company's profit attributable to owners for 2025 is RMB 210,771,000, a significant decline from RMB 491,497,000 in 2024, reflecting a decrease of approximately 57.1%[20] - Operating profit for 2025 decreased by 49.0% to RMB 361.6 million, with an operating profit margin declining by 1.7 percentage points to 2.1%[36] - Net profit for the year was RMB 229.3 million, with profit attributable to owners of the company at RMB 210.8 million, resulting in a profit margin of 1.2%, down by 1.5 percentage points year-on-year[38] Cash and Assets - Cash and cash equivalents decreased significantly by 54.9% to RMB 640,441 thousand, down from RMB 1,419,052 thousand in 2024[2] - Total assets decreased to RMB 8,663,732 thousand from RMB 9,407,623 thousand in 2024[5] - As of December 31, 2025, the group's cash and cash equivalents totaled RMB 1,821.9 million, down from RMB 2,703.4 million in 2024, with no bank borrowings reported[40] - Accounts receivable (net of provision for bad debts) as of 2025 is RMB 815,681,000, down from RMB 973,701,000 in 2024, indicating a decrease of about 16.2%[21] - Accounts payable (including trade payables) for 2025 is RMB 527,903,000, a decrease from RMB 971,990,000 in 2024, reflecting a decline of approximately 45.4%[22] Inventory and Sales - Inventory increased by 1.5% to RMB 5,020,147 thousand, compared to RMB 4,946,314 thousand in 2024[5] - The group's revenue from sports apparel and footwear sales for 2025 is RMB 17,031,462,000, a decrease from RMB 18,342,410,000 in 2024, representing a decline of approximately 7.1%[11] - Same-store sales recorded a decline of 10% to 20%, further slowing the sales momentum across the retail network[26] - Online sales continued to show resilience, contributing over 30% to total sales, partially offsetting the decline in physical store traffic[29] - Live streaming sales experienced over 70% growth in 2025, reflecting the company's strong performance in digital channels[24] Dividends - The company proposed a final dividend of HKD 0.002 per share, an 80.0% decrease from HKD 0.01 in 2024[2] - The company plans to distribute a final dividend of HKD 0.002 per share for the year ending December 31, 2025, down from HKD 0.01 per share in 2024[18] - The company declared an interim dividend of HKD 0.0115 per share and a special dividend of HKD 0.0115 per share, totaling approximately HKD 122.5 million for the first half of the fiscal year[51] - The proposed final dividend is HKD 0.002 per share, with a total estimated payout of approximately HKD 21.3 million, pending shareholder approval[51] Operational Changes - The company reduced its number of direct stores from 3,448 at the beginning of 2025 to 3,310 by year-end, a net decrease of 138 stores[27] - The group plans to enhance operational efficiency and expand its market presence, targeting a significant growth in the instant retail market projected to exceed RMB 1 trillion by 2026[45] - The group aims to strengthen its retail strategy by integrating online and offline channels, including the opening of outdoor specialty stores and expanding the Pony 1972 brand with celebrity endorsements[45] - The group has expanded its multi-brand outlet stores "Victory Road Warehouse" to 10 locations, serving as an efficient channel for inventory clearance and a platform for incubating new brands[46] - The group is focusing on strategic partnerships to enhance inventory sharing and member integration programs with brand partners[47] Market Environment - The retail environment in mainland China remains challenging, with consumer confidence low and high inventory levels leading to intense discount competition[32] - The sports industry in Greater China is expected to grow significantly, with an estimated market value exceeding RMB 7 trillion by 2030, driven by major global events like the Winter Olympics and FIFA World Cup[48] Employee and Costs - The total employee costs for 2025 amount to RMB 2,044,887,000, down from RMB 2,150,797,000 in 2024, showing a reduction of about 4.9%[15] - The group has approximately 18,100 employees as of December 31, 2025, and offers competitive compensation and employee benefits[49] Financial Management - Financial income for 2025 was RMB 37.5 million, while financing costs decreased by 20.4% to RMB 54.0 million from RMB 67.8 million in 2024[37] - Capital expenditures decreased to RMB 243.4 million in 2025 from RMB 371.4 million in 2024, focusing on strategic new store openings and digital transformation[42] Governance and Compliance - The independent auditor, Deloitte, has reviewed the consolidated financial statements for the year ending December 31, 2025, confirming alignment with the figures approved by the board on March 11, 2026[57] - The company has adhered to the principles outlined in the Corporate Governance Code as per the Listing Rules Appendix C1 throughout the fiscal year ending December 31, 2025[58] - The company has adopted the Standard Code for Securities Transactions by Directors as per the Listing Rules Appendix C3, with all directors confirming compliance for the entire fiscal year[59] - The annual report for 2025 will be published on the company's website and the Hong Kong Stock Exchange website in accordance with the Listing Rules[60] Strategic Focus - The company aims to optimize its operational structure by consolidating online and offline business management into two main departments[24] - The group is advancing its SAP system integration and optimization to improve operational efficiency and decision-making capabilities[48] - The company aims to strengthen its online sales contribution for the exclusive Korean yoga brand XEXYMIX in mainland China[46]

11 Mar 2026 Pou Sheng International 2025 Annual Results Disclaimer Yue Yuen and Pou Sheng have taken every reasonable care in preparing this presentation. However, please be reminded that the information, materials, opinions and statements contained or referred to in this presentation are all provided on an "as is" basis. None of the aforesaid information, materials, opinions and statements constitutes or will be viewed as investment advice or an offer, or a solicitation, recommendation or suggestion by Yue ...

Group 1 - The company reported a net operating income of approximately 1.9515 billion yuan for February 2026, representing an increase of 81.5% year-on-year [1] - The cumulative net operating income for the first two months of 2026 was approximately 3.699 billion yuan, showing a year-on-year increase of 0.9% [1]

Core Viewpoint - Baoshan International (03813.HK) reported a significant increase in net operating income for February 2026, reaching approximately 1.9515 billion yuan, representing an 81.5% year-on-year growth [1] Financial Performance - The cumulative net operating income for the first two months of 2026 was approximately 3.699 billion yuan, showing a slight increase of 0.9% year-on-year [1]

格隆汇3月10日丨宝胜国际(03813.HK)发布公告，2026年2月，公司本月综合经营收益净额(即相当于总 销售额减销售折扣及销售退货)约为人民币19.51亿元，与去年同月相比上升81.5%。 公司截至2026年2月28日止二个月的综合累计经营收益净额约为人民币36.99亿元，与去年同期相比上升 0.9%。 ...

智通财经APP讯，宝胜国际(03813)公布，于2026年2月，该公司综合经营收益净额约19.515亿元，同比 上升81.5%。2026年前两个月综合累计经营收益净额约36.99亿元，同比上升0.9%。 ...

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） POU SHENG INTERNATIONAL (HOLDINGS) LIMITED 二零二六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 ...

Group 1 - The core point of the article highlights that southbound funds have reduced their holdings in Baoshan International (03813.HK) by 402,000 shares on March 4, with a total net reduction of 479,000 shares over the last five trading days and 1,974,000 shares over the last twenty trading days [1] - As of now, southbound funds hold 15,388,000 shares of Baoshan International, which represents 0.28% of the company's total issued ordinary shares [1] - Baoshan International Holdings Limited primarily engages in the distribution and retail of sports apparel and footwear products, operating through two segments: wholesale sales of sports apparel and footwear, and a commission-based segment providing retail space for retailers and distributors [1]

Group 1 - The core point of the article highlights that southbound funds have reduced their holdings in Baoshan International (03813.HK) by 15,000 shares on March 3, with a total net reduction of 85,000 shares over the last five trading days and 1,592,000 shares over the last 20 trading days [1] - As of now, southbound funds hold 15,790,000 shares of Baoshan International, which represents 0.29% of the company's total issued ordinary shares [1] Group 2 - Baoshan International Holdings Limited primarily engages in the distribution and retail of sports apparel and footwear products [1] - The company operates through two segments: the sales of sports apparel and footwear segment, which involves wholesale sales and retail through its own stores, department store counters, and online retail; and the franchise counter sales commission segment, which provides mall space to retailers and distributors for franchise counter sales [1]

I. 法定/註冊股本變動 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: 2026年2月28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: 2026年3月3日 | 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 ...