Group 1 - The core point of the article is that Shenzhou International (02313.HK) experienced a significant decline in its stock price, dropping over 6% in the afternoon trading session on March 30, with a closing price of HKD 49.1 [2] - The trading volume for Shenzhou International reached HKD 431 million during this period [2]

Group 1 - The core viewpoint of the article indicates that Shenzhou International (02313) experienced a significant decline in stock price, dropping over 6% to HKD 49.1, with a trading volume of HKD 431 million [1] - For the fiscal year 2025, Shenzhou International reported a revenue of RMB 30.994 billion, reflecting an increase of 8.13% year-on-year [1] - The net profit attributable to the parent company's shareholders was RMB 5.825 billion, which represents a decrease of 6.66% compared to the previous year [1] Group 2 - The earnings per share (EPS) for the company was reported at RMB 3.88, with a proposed final dividend of HKD 1.2 per share, slightly up from HKD 1.28 in the previous year [1] - Including the interim dividend of HKD 1.38 already distributed, the total proposed dividend for the fiscal year 2025 amounts to HKD 2.58, which is an increase of approximately 2% year-on-year [1]

Core Viewpoint - Shenzhou International (02313.HK) reported an annual performance for the fiscal year 2025, indicating a mixed financial outcome with sales growth but a decline in net profit and gross margin [1] Financial Performance - Annual sales reached approximately RMB 30.994 billion, representing a year-on-year increase of about 8.1% [1] - The annual gross profit margin was approximately 26.3%, showing a year-on-year decrease of about 1.8 percentage points [1] - Gross profit amounted to approximately RMB 8.165 billion, reflecting a year-on-year increase of about 1.4% [1] - The annual net profit after tax was approximately RMB 5.825 billion, which is a year-on-year decline of about 6.7% [1]

Core Viewpoint - Shenzhou International (02313) reported a revenue of RMB 30.994 billion for the year ending December 31, 2025, representing a year-on-year increase of 8.13% [1][6] Financial Performance - The net profit attributable to the company's shareholders was approximately RMB 5.825 billion, a decrease of 6.66% compared to 2024 [1][7] - Earnings per share were RMB 3.88, with a proposed final dividend of HKD 1.2 per share [1][6] - The after-tax net profit for the year was around RMB 5.825 billion, down approximately 6.7% from 2024, primarily due to a previous year's gain from the sale of a wholly-owned subsidiary and foreign exchange losses [2][7] Product Sales Breakdown - Sales of sports products accounted for about 67.7% of total sales, increasing by approximately 5.9% compared to 2024, driven by higher demand in the US and European markets [1][6] - Sales of leisure products represented about 27.1% of total sales, showing a significant increase of approximately 16.7% from 2024, mainly due to increased demand in Japan and other markets [1][6] - Sales of underwear products made up about 4.5% of total sales, experiencing a slight decline of approximately 2.3% compared to 2024, attributed to decreased demand in the Japanese market [1][6]

Core Viewpoint - Shenzhou International (02313.HK) reported an annual revenue of approximately RMB 30.994 billion for the fiscal year 2025, reflecting an increase of about 8.1% year-on-year, while the net profit after tax decreased by approximately 6.7% to RMB 5.825 billion due to previous year's gains from asset transfers and foreign exchange losses [1][2]. Group 1: Financial Performance - The annual revenue reached approximately RMB 30.994 billion, representing a year-on-year increase of about 8.1% [1]. - The annual gross profit margin was approximately 26.3%, down by about 1.8 percentage points year-on-year [1]. - The gross profit amounted to approximately RMB 8.165 billion, showing a year-on-year increase of about 1.4% [1]. - The net profit after tax was approximately RMB 5.825 billion, a decrease of about 6.7% year-on-year [1]. Group 2: Dividend and Payout - The company proposed a final dividend of HKD 1.20 per ordinary share, with a total proposed dividend of HKD 2.58 per ordinary share for the year 2025, resulting in a payout ratio of approximately 60.9% [1]. Group 3: Product Sales Breakdown - Sales of sports products accounted for approximately 67.7% of total sales, increasing by about 5.9% compared to 2024, driven by higher demand in the US and European markets [2]. - Sales of leisure products represented approximately 27.1% of total sales, significantly rising by about 16.7% due to increased demand in Japan and other markets [2]. - Sales of underwear products accounted for approximately 4.5% of total sales, experiencing a slight decline of about 2.3% due to decreased demand in the Japanese market [2].

Core Viewpoint - Shenzhou International (02313.HK) reported a revenue of RMB 30.994 billion for the year ending December 31, 2025, representing a year-on-year increase of 8.13% [1] Financial Performance - The company's net profit attributable to shareholders decreased to RMB 5.825 billion, a decline of 6.66% year-on-year [1] - Earnings per share were reported at RMB 3.88, with a proposed final dividend of HKD 1.20 per share [1]

Core Viewpoint - Shenzhou International (02313) reported a revenue of RMB 30.994 billion for the year ending December 31, 2025, representing an increase of 8.13% year-on-year. However, the net profit attributable to shareholders decreased by 6.66% to RMB 5.825 billion, with earnings per share at RMB 3.88 and a proposed final dividend of HKD 1.2 per share [1][2]. Revenue Breakdown - The sales of sports products accounted for approximately 67.7% of total sales, with a year-on-year increase of about 5.9%, primarily driven by increased demand in the US and European markets [1]. - The sales of leisure products represented about 27.1% of total sales, showing a significant year-on-year increase of approximately 16.7%, mainly due to strong demand in Japan and other markets [1]. - The sales of underwear products made up around 4.5% of total sales, experiencing a slight decline of about 2.3% year-on-year, attributed to decreased demand in the Japanese market [1]. Profit Analysis - The net profit after tax for the year was approximately RMB 5.825 billion, down about 6.7% compared to 2024. This decline was mainly due to the previous year's net profit including a gain of approximately RMB 331 million from the sale of a wholly-owned subsidiary, and a foreign exchange loss of about RMB 256 million in 2025, compared to a foreign exchange gain of approximately RMB 105.5 million in 2024 [2].

EF001 EF001 發行人所發行上市權證/可轉換債券的相關信息 發行人所發行上市權證/可轉換債券 不適用 其他信息 其他信息 不適用 發行人董事 董事會包括四名執行董事馬建榮先生、黃關林先生、馬仁和先生、王存波先生及胡紀軍先生; 以及四名獨立非執行董事張炳生先 生、劉興高先生、劉春紅女士及王飛絨女士。 第 2 頁 共 2 頁 v 1.1.1 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 | 申洲國際集團控股有限公司 | | 股份代號 | 02313 | | 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 | 二零二五年十二月三十一日止十二個月期間之宣派股息 | | 公告日期 | 2026年3月30日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 末期 | | 股息性 ...

Sales Performance - For the year ending December 31, 2025, total sales reached approximately RMB 30,993,732,000, an increase of about 8.1% compared to 2024[2] - Sales of sports products accounted for approximately 67.7% of total sales, rising by about 5.9% due to increased demand in the US and European markets[2] - Sales of leisure products represented approximately 27.1% of total sales, significantly increasing by about 16.7% driven by demand in Japan and other markets[2] - Sales of lingerie products accounted for approximately 4.5% of total sales, slightly decreasing by about 2.3% due to a decline in demand in the Japanese market[3] - The company achieved sales revenue of approximately RMB 30,993,732,000, an increase of about 8.1% compared to the previous year[40] - The sports category generated sales of RMB 20,966,573,000, accounting for 67.7% of total sales, with a year-on-year increase of 5.9%[46] - The leisure category saw sales of RMB 8,410,981,000, representing a 16.7% increase year-on-year[46] - The sales revenue of leisure products rose from approximately RMB 7,207,239,000 for the fiscal year ending December 31, 2024, to approximately RMB 8,410,981,000 for the fiscal year ending December 31, 2025, an increase of about RMB 1,203,742,000 or 16.7%[47] - Sales in the European market for the fiscal year ending December 31, 2025, were approximately RMB 6,261,762,000, an increase of RMB 1,071,703,000 or 20.6% compared to RMB 5,190,059,000 for the fiscal year ending December 31, 2024[51] - Sales in the U.S. market for the fiscal year ending December 31, 2025, were approximately RMB 5,582,598,000, an increase of RMB 970,772,000 or 21.0% compared to RMB 4,611,826,000 for the fiscal year ending December 31, 2024[51] Financial Performance - Gross profit margin for 2025 was approximately 26.3%, down by about 1.8 percentage points from the previous year[3] - Net profit after tax for the year was approximately RMB 5,825,262,000, a decrease of about 6.7% compared to 2024, primarily due to foreign exchange losses and prior year gains from the sale of a subsidiary[3] - The group reported a pre-tax profit of RMB 22,761,332 thousand for 2025, compared to RMB 20,572,130 thousand in 2024, indicating a year-on-year increase of 10.6%[19] - The company's pre-tax profit for the year ending December 31, 2025, is RMB 6,665,775, while for 2024, it was RMB 7,163,778, reflecting a decrease of approximately 6.9%[24] - Gross profit amounted to approximately RMB 8,165,360,000, reflecting a year-on-year increase of about 1.4%[40] - The total income tax expense for 2025 was RMB 840,513 thousand, a decrease from RMB 923,197 thousand in 2024, reflecting a reduction of 9.0%[20] - Income tax expenses for the year ended December 31, 2025, were approximately RMB 840,513,000, down by about RMB 82,684,000 or 9.0% from RMB 923,197,000 in 2024[59] Assets and Liabilities - Total non-current assets as of December 31, 2025, were approximately RMB 14,779,271,000, compared to RMB 14,536,063,000 in 2024[7] - Total current assets increased to approximately RMB 42,163,724,000 in 2025 from RMB 38,571,785,000 in 2024[8] - Total liabilities increased to approximately RMB 19,451,077,000 in 2025 from RMB 17,254,953,000 in 2024, indicating a rise in financial obligations[8] - Non-current assets totaled RMB 14,422,484 thousand in 2025, up from RMB 13,242,380 thousand in 2024, reflecting a growth of 8.9%[13] - The bank borrowings balance as of December 31, 2025, was approximately RMB 14,799,497,000, with short-term borrowings accounting for RMB 14,601,497,000[56] - The equity attributable to the owners of the parent company is approximately RMB 37,491,918,000, an increase from RMB 35,852,895,000 in 2024[57] - The debt-to-equity ratio as of December 31, 2025, is 39.5%, up by 3.7 percentage points from 35.8% in 2024[57] Cash Flow and Investments - The company’s cash and bank balances, along with time deposits, totaled approximately RMB 26,545,953,000, up from RMB 24,911,682,000 in the previous year[38] - The company’s cash and cash equivalents stood at RMB 15,410,854,000, compared to RMB 10,868,830,000 in the previous year[38] - The net cash generated from operating activities for the fiscal year ending December 31, 2025, was approximately RMB 5,549,401,000, compared to RMB 5,272,964,000 for the fiscal year ending December 31, 2024[55] - Total capital expenditure for the year was approximately RMB 3,003,697,000, with about 42% allocated for purchasing production equipment and 54% for constructing and purchasing new factory buildings[62] - As of December 31, 2025, the company has capital commitments of approximately RMB 874,909,000 for land use rights and property[62] Dividends and Shareholder Information - The proposed final dividend is HKD 1.20 per share, leading to a total proposed dividend of HKD 2.58 per share for 2025, an increase of about 2.0% from HKD 2.53 in 2024[3] - The company plans to propose a final dividend of HKD 1.20 per share for 2025, down from HKD 1.28 in 2024, reflecting a decrease of approximately 6.3%[27] - The board of directors proposed a final dividend of HKD 1.20 per share, equivalent to approximately RMB 1.08, subject to shareholder approval[73] - As of December 31, 2025, the public holds at least 25% of the total issued share capital of the company[87] Corporate Governance - The company has maintained compliance with corporate governance codes and aims to enhance transparency and governance quality[76] - The board includes at least three independent non-executive directors, ensuring compliance with listing rules regarding independence and qualifications[79] - The company has adopted a shareholder communication policy to address shareholder concerns and ensure effective communication[81] - The company has adopted the "Code of Conduct for Securities Transactions by Directors" as per the listing rules, ensuring all directors comply with trading restrictions before performance announcements[82] - The Audit Committee, established on October 9, 2005, consists of four independent non-executive directors and is responsible for reviewing financial practices and risk management[88] Operational Strategies - The company is optimizing its internal organizational structure and business processes to better align with global operations and address rising labor costs[43] - The company aims to enhance product value through technological upgrades and digital investments to adapt to complex external environments[67] - The company focuses on expanding its product matrix and enhancing product functionality and quality to avoid homogenization in competition[68] - The company continues to enhance its cost control system, optimizing procurement management and supplier management to strictly control procurement costs and supply chain risks[69] - The company is investing in automation and smart technology to improve production efficiency, aiming for standardized and automated production processes[70] - The company is expanding its overseas production capacity, with plans to invest in a new garment production base in Indonesia[70] - The company aims to strengthen its core competitiveness and operational quality through product innovation, lean management, and digital manufacturing[71] Employment and Employee Costs - The company employs approximately 108,680 employees, with total employee costs accounting for about 28.1% of total sales, an increase of 0.5 percentage points from 27.6% in 2024[61] Risk Management - The company has identified a potential risk regarding the actual tax rate being below 15% for profits earned in Vietnam due to various income exemptions and incentives[25] - The company has no significant contingent liabilities as of December 31, 2025[65]

Group 1 - The core point of the article highlights that southbound funds have reduced their holdings in Shenzhou International (02313.HK) by 558,300 shares on March 27, with a total net reduction of 2,373,000 shares over the past five trading days [1] - Over the last 20 trading days, there have been 13 days of net increases in southbound fund holdings, totaling 1,571,900 shares [1] - As of now, southbound funds hold 106 million shares of Shenzhou International, representing 7.03% of the company's total issued ordinary shares [1] Group 2 - Shenzhou International Group Holdings Limited primarily engages in the production and sale of knitted apparel products [1] - The company's main business model combines original equipment manufacturing (OEM) and original design manufacturing (ODM) to produce knitted goods for clients [1] - Product categories include sportswear, casual wear, underwear, and other knitted products, with operations in both domestic and international markets [1]